Document:

Exhibit

Exhibit 10(a)4

RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) made and entered into by and between THE SOUTHERN COMPANY, INC. (“Company”) and [•] (“Employee”) shall be effective as of July 1, 2016 (“Effective Date”). 
W I T N E S S E T H:
1.    Award Amount.  Employee is awarded under this Agreement a total of [•] Restricted Stock Units (“RSUs”).  The Award Amount under this Agreement is an award of RSUs under the terms of the Southern Company Omnibus Incentive Compensation Plan.  
2.    Vesting and Payment of Award Amount.
(a)    Vesting.  Subject to Employee’s continued employment with the Company or an affiliate of the Company on each of the vesting dates listed in the table below (each, a “Vesting Date”), Employee shall become fully vested in the number of RSUs set forth next to such Vesting Date in the table below. The vesting commencement date for each grant of RSUs is listed in the table below (each, a “Vesting Commencement Date”). Prior to the applicable Vesting Date, Employee will not be entitled to exercise voting rights or receive dividend or dividend equivalents in respect of the applicable RSUs. 

	
				
	Vesting 
Commencement Date
	Grant ID#
	Number of RSUs
	Vesting Date

	January 1, 2014
	 
	 
	December 31, 2016

	January 1, 2015
	 
	 
	December 31, 2017

	January 1, 2016
	 
	 
	December 31, 2018

(b)    Death or Disability.  If Employee dies or becomes Disabled at any time prior to the Vesting Date for any grant of RSUs, Employee, at such time, shall become vested in a prorated number of RSUs for such grant based on the length of time elapsed during the applicable vesting period (measured from the Vesting Commencement Date)  prior to Employee’s death or Disability.
(c)    Termination by the Company without Cause or by Employee for Good Reason.  If Employee separates from service on account of being terminated by the Company without Cause or by terminating his service for Good Reason within two years after the Effective Date and prior to the Vesting Date for any grant of RSUs, Employee, at such time, shall become vested in a prorated number of RSUs for such grant based on the length of time elapsed during the applicable vesting period (measured from the Vesting Commencement Date) prior to Employee’s termination. 
(d)    Payment.  The RSUs shall be payable in shares of common stock of the Company (“Common Stock”) within 30 days following the date the RSUs become vested, but in no event later than March 15 of the year following the year in which the RSUs become vested or are otherwise no longer subject to a substantial risk of forfeiture.  Employee shall designate his 

beneficiary(ies) in the beneficiary designation form set forth in Exhibit 1 to this Agreement. 
(e)    Definitions.  For purposes of this Agreement, “Disability”, “Cause” and “Good Reason” have the meanings set forth in the AGL Resources, Inc. Omnibus Performance Incentive Plan, as amended and restated, or if applicable, a continuity agreement between Employee and AGL Resources Inc. 
3.    Amendment and/or Termination of this Agreement.  This Agreement shall terminate when all amounts have been paid or forfeited.  Notwithstanding the preceding sentence, Employee and the Company may mutually agree to amend or terminate the Agreement only by written agreement signed by each party. 
4.    Confidentiality.  Employee represents and agrees that he will keep all terms and provisions of this Agreement 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 or the Company’s right and ability to provide information to any federal, state or local government in the lawful exercise of such governments’ governmental functions. 
5.    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. 
6.    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. 
7.    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, by reason of his employment with the Company. 
8.     Tax Withholding and Implications.  To the extent permitted under Section 409A (“Section 409A”) of the Internal Revenue Code (the “Code”), there shall be deducted from the vested Award Amount the number of shares of Common Stock necessary to cover the amount of any tax required by any governmental authority to be withheld from Employee and paid over by the Company to such governmental authority for the account of Employee.  The Company makes no representations or guarantees regarding the tax implications of the Agreement and advises 

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Employee to consult with his attorney and/or tax advisor regarding the tax implications of the Agreement.  In addition, Employee agrees to hold harmless the Company with respect to any tax liability for any and all federal, state or local taxes or assessments, interest or penalties of any kind arising from the Agreement.
9.    Compensation.  Any compensation paid to Employee pursuant to this Agreement shall not be considered wages, salary or compensation under any other Company-sponsored employee benefit or compensation plan or program, unless the explicit terms of such plan or program provide otherwise. 
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, 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 Delaware, without giving effect to principles of conflicts of laws. 
12.    Section 409A.  Any payment provided under this Agreement is intended to be a short-term deferral as provided by Section 409A and the regulations promulgated thereunder, and the parties agree that the terms and provisions of the Agreement will be construed and interpreted to the maximum extent permitted in order to have this effect.  Notwithstanding any other provision of this Agreement to the contrary, in the event that Employee is deemed to be a Specified Employee (as defined below) and to the extent any amount is deferred compensation under Section 409A, then, to the extent necessary to avoid the imposition of excise taxes and penalties under Section 409A, no distribution of Common Stock hereunder upon or after termination of Employee’s employment shall be distributed to Employee until six months and one day after the date of termination of his employment (the “First Distribution Date”), provided that on the First Distribution Date, the Company shall distribute to Employee such Common Stock that, but for this Paragraph 12, would have been distributed to Employee hereunder. For the purpose of this Agreement, the term “Specified Employee” shall have the meaning given to such term under Section 409A in Treas. Reg. Section 1.409A-1(i).  Notwithstanding any other provision of this Agreement to the contrary, any references to termination of Employee’s employment or date of termination or similar terms shall refer, to the extent necessary to avoid the imposition of excise taxes and penalties under Section 409A, to Employee’s “separation from service” as that term is defined in Section 409A and Treas. Reg. Section 1.409A-1(h).

[Signature page follows]

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IN WITNESS WHEREOF, this Agreement has been executed by the parties first listed above, this ____ day of July, 2016.

	
				
	 
	THE SOUTHERN COMPANY

	 

	 
	By:
	 
	 

	 
	 
	Name:
	 

	 
	 
	Title:
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	EMPLOYEE
	 

	 
	 
	 
	 

	 
	 
	 

	 
	Name:
	 

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RETENTION AND RESTRICTED STOCK UNIT AWARD AGREEMENT
EXHIBIT 1
BENEFICIARY DESIGNATION

Beneficiary 

	
					
	 
	 
	 
	 
	 

	Name
	 
	Relationship
	 
	Percentage

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	Name
	 
	Relationship
	 
	Percentage

In the event that all or some beneficiaries designated above are not living at the time payment should be made, I designate the following contingent beneficiaries to be paid such amounts:

Contingent Beneficiary

	
					
	 
	 
	 
	 
	 

	Name
	 
	Relationship
	 
	Percentage

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	Name
	 
	Relationship
	 
	Percentage

Any amounts not paid to the contingent beneficiary(ies) shall be paid to Employee’s estate.

5Exhibit

Exhibit 10(c)3
EXECUTION COPY
INTERIM ASSESSMENT AGREEMENT
This Interim Assessment Agreement (this “Agreement”), dated as of March 29, 2017 (the “Effective Date”), is entered into by and among Georgia Power Company, for itself and as agent for Oglethorpe Power Corporation, Municipal Electric Authority of Georgia and The City of Dalton, Georgia, acting by and through its Board of Water, Light and Sinking Fund Commissioners (collectively, “GPC”) and Westinghouse Electric Company LLC (“WEC”), WECTEC Staffing Services LLC (“WECTEC Staffing”),  and WECTEC Global Project Services, Inc. f/k/a Stone and Webster (“WECTEC” together with WEC and WECTEC Staffing, the “Debtors”) and collectively with GPC, the “Parties”).

BACKGROUND
WHEREAS GPC and the Debtors are parties to that certain Engineering, Procurement and Construction Agreement dated April 8, 2008, as amended (as amended from time to time through the date hereof, the “EPC”) to, among other things, design, procure, construct and test an AP1000 nuclear plant (the “Vogtle Project”);

WHEREAS to perform its obligations under the EPC, the Debtors have entered into various agreements with subcontractors (collectively, the “Subcontractors”) and material and equipment suppliers and other counterparties (collectively, the “Vendors”)1;

WHEREAS WEC and Fluor Corporation (“Fluor”) entered into that certain Amended 
and Restated Subcontract Agreement and the Staff Augmentation Agreement each dated as of February 24, 2017 (together the “Fluor Agreements”);
_____________________
1 Vendors may include the Debtors’ affiliates providing equipment and construction services (i.e. welding), including  Shoreview, Newington, CES, and PCI Energy Services LLC.

WHEREAS absent funding by GPC under this Agreement or by another party, the Debtors will be unable to continue to fund the Vogtle Project, including paying Debtors’ employees assigned to the Vogtle Project, Subcontractors and Vendors that have performed and are continuing to perform services and provide supplies for the Vogtle Project;

WHEREAS as a result of the Debtors’ failure to pay Subcontractors and Vendors providing services and supplies for the Vogtle Project, past due accounts payable with respect to the Vogtle Project are increasing and mechanics’ liens and/or materialman’s liens have been filed against the Vogtle Project;

WHEREAS on March 24, 2017, GPC sent a notice of abandonment of the EPC to the Debtors;

WHEREAS on March 29, 2017, the Debtors sent GPC a letter disputing its notice of abandonment;

WHEREAS GPC’s entry into this agreement is conditioned upon South Carolina Electric & Gas Company, for itself and as agent for the South Carolina Public Service Authority (collectively, the “VC Summer Owners”) entering into a similar agreement with the Debtors
related to the VC Summer Owners’ engineering and construction contract and related expenses (the “VC Summer Agreement”);

WHEREAS the Debtors would move to reject the EPC effective as of the Petition Date absent this Agreement or funding by another party and would enter into this Agreement only if they would incur no more administrative expense claims than they would if they had rejected the EPC and related contracts as of the Petition Date (defined below); and

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WHEREAS the Parties enter into this Agreement to set forth the relative rights and obligations of the Parties with respect to the Vogtle Project during the Interim Assessment Period.

Accordingly, the Parties, each intending to be legally bound hereby, agree as follows:

1.This Agreement shall be effective as of March 29, 2017 (the “Petition Date”) upon approval of the Debtors’ entry of this Agreement by the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) and shall have no force and effect prior to such approval (the “Effective Date”).

2.This Agreement shall extend from the Effective Date to and through the earlier of April 28, 2017, (b) termination of the VC Summer Agreement, and (c) termination of this Agreement by any Party upon five (5) business days’ notice (the “Interim Assessment Period”). The Interim Assessment Period may be extended by agreement of all Parties.

3.During the Interim Assessment Period, GPC has the right to consult with Fluor to determine which Subcontractors and/or Vendors are necessary to perform work on the Vogtle Project during the Interim Assessment Period.

4.During the Interim Assessment Period, GPC shall have the right to discuss the project status, contractual and commercial issues from all Subcontractors and Vendors for the Vogtle Project and Toshiba and to obtain information and documents from all Subcontractors and Vendors for the Vogtle Project.

5.GPC shall be obligated to pay all costs accrued by the Debtors for Fluor, Subcontractors and/or Vendors for services performed and goods provided for the Vogtle Project

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during the Interim Assessment Period. GPC shall pay weekly in advance an amount equal to the Debtors’ estimate of such costs to be incurred for such week for all Subcontractors and/or Vendors other than Fluor, with the first payment due on the Effective Date.2 Such payments by GPC shall only be used to pay Subcontractors and Vendors other than Fluor and the Debtors shall provide GPC with evidence of such payment within 5 business days of such payment. GPC shall pay directly all costs accrued by the Debtors for Fluor to Fluor and provide the Debtors with evidence of each such payment within 5 business days of such payment.3 Following the Interim Assessment Period, there shall be a reconciliation of the payments made by GPC to the Debtors and by the Debtors to the Subcontractors and Vendors.  If the actual costs incurred by the Debtors exceed the estimated amounts paid by GPC to the Debtors, GPC shall pay to the Debtors any such additional amount necessary to eliminate the difference.  If the amounts paid by GPC to the Debtors exceed the actual cost incurred by the Debtors, the Debtors shall pay such amounts to GPC. To the extent such amounts are not paid by the Debtors, GPC shall have an administrative claim for such amounts.

6.During the Interim Assessment Period, WEC, WECTEC Global Services and WECTEC Staffing Services shall provide services for the Vogtle Project, including design engineering, field engineering, equipment and commodities procurement, construction management, commissioning, project management, project controls, project site services, licensing, quality assurance, environment safety and health, information technology, and records management, to the same extent as contemplated by the EPC, and GPC shall pay directly to the

____________________________
2 The Debtors shall provide GPC a copy of each invoice for services performed or supplies provided during the Interim Assessment Period, along with all supporting documentation actually submitted.
3 Together with any documetation or information necessary to enable the Debtors to reconcile payments with invoices.

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Debtors weekly in advance an amount of $5.4 million per week for such services. The first payment shall be due on the Effective Date.
7.During the Interim Assessment Period, GPC shall have the right, but not the obligation, to make payments to Fluor, Subcontractors and Vendors who have accounts past due on the Vogtle Project or may have liens filed against the Vogtle Project. GPC shall provide the Debtors with evidence of each such payment within 5 business days of such payment.4 
8.The Debtors shall take no action to impair or impede Vogtle Project owners’ access, possession, title or use of property (including granting liens on such property), title to which has passed to the Vogtle Project owners under the terms of the EPC Agreement. During the Initial Assessment Period, the Debtors shall not sell and shall not grant a lien on assets located at the Vogtle Project or such other locations to be agreed by the Parties prior to the Effective Date.
9.GPC’s determination of whether to make a payment to a particular party for amounts incurred prior to the Petition Date shall not expose GPC to any liability to any party.
10.GPC is not a “successor” to the Debtors or their estates by reason of any theory of law or equity as a result of its performance hereunder during the Interim Assessment Period, and GPC shall not assume, or be deemed to assume, or in any way be responsible for any liability or obligation of any of the Debtors and/or their estates, other than as expressly stated herein, including, but not limited to, under any bulk sales law, doctrine or theory of successor liability, or similar theory or basis of liability including within the meaning of any foreign, federal, state,

_____________________
4 Together with any documentation or information necessary to enable the Debtors to reconcile payments with invoices.

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or local revenue, pension, ERISA, tax, labor, employment, environmental, or other law, rule or regulation (including, without limitation, filing requirements under any such laws, rules or regulations), or under any products liability law or doctrine with respect to the Debtors’ liability under such law, rule, or regulation or doctrine.
11.Except to the extent GPC otherwise specifically agree in this Agreement, GPC shall not have any liability, responsibility, or obligation for any claims, liabilities, or other obligations of the Debtors or their estates, including without limitation, any claims, liabilities, or other obligations related to the Vogtle Project. Under no circumstances shall GPC be deemed a successor of or to the Debtors for any claims (as defined in 101 of the Bankruptcy Code) or against, in, or to the Debtors or the Vogtle Project. For the purposes of paragraphs 9 and 10 of this Agreement, all references to GPC shall include their affiliates, subsidiaries, and shareholders.

12.Any payments made by GPC during the Interim Assessment Period shall, in the sole discretion of GPC, be deemed an advance against any unpaid Milestone Payment due under the EPC and shall in all events be deemed to be properly part of the completion costs that are not obligations of GPC under the EPC.  Further, during the Interim Assessment Period any obligation to pay a Milestone Payment to the Debtor under the EPC shall be suspended. Notwithstanding anything to the contrary, GPC shall not be entitled to withhold, setoff or net any payment obligation to the Debtors under paragraphs 5 and 6 of this Agreement against any prepetition claim it may have against the Debtors (whether as a result of rejection of the EPC or otherwise).

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13.During the Interim Assessment Period, the Debtors shall use commercially reasonable efforts to provide information as reasonably requested by GPC as is necessary to continue construction of the Vogtle Project, investigate the completion status of the Vogtle Project, and the financing and/or funding of the Vogtle Project, including but not limited to the following:

		
	•
	The Debtors shall permit GPC and its advisors (Rothschild & Co. and Jones Day) access to Alix Partners and PJT Partners.

		
	•
	Weekly financial and project status reports as to various matters including information regarding actual disbursement of funds and scheduling status of Subcontractors and Vendors.

		
	•
	Copies of all contracts with Subcontractors and Vendors for the Vogtle Project within 10 days.

		
	•
	Access to all EPC accounting related to Subcontractors and Vendors, including balances due.

		
	•
	Copies of EPC schedule updates and access to underlying information regarding such schedule information within five days.

		
	•
	Copies of EPC cost to complete projections and access to underlying information within five days.

		
	•
	Information presented by Fluor regarding EPC cost at completion and any project schedule documentation within three days.

The Debtors will continue to provide GPC with the same access to WEC servers, databases, systems and intellectual property, documents and related information as the Debtors provided to GPC prior to this Agreement.  To the extent that compliance with this paragraph will require the

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Debtors to incur additional out-of-pocket costs, the Debtors will notify GPC of such costs and proceed if GPC agrees to pay for such costs in accordance with paragraph 5 or 6 above, as applicable.
14.During the Interim Assessment Period, GPC shall forbear from exercising any remedies against Toshiba Corporation under that certain Guaranty Agreement dated April 8, 2008, made and entered into by Toshiba Corporation in favor of GPC.
15.All Parties expressly reserve all of their rights and remedies under the EPC, all related security and collateral, and applicable law.
16.The Debtors shall make a decision regarding disposition of the EPC under section 365 of the Bankruptcy Code and file a motion seeking authorization to effect such disposition no later than the date of termination of this Agreement unless otherwise agreed by the Parties; provided, however, that the Debtors shall not be required to make such a decision or file such a motion prior to April 28, 2017.
17.Any actions taken by the Parties pursuant hereto shall not constitute or be deemed an assumption or rejection of the EPC, the Fluor Agreements or any contracts or subcontracts with Subcontractors or Vendors and shall not constitute an assumption of any obligations by GPC under any the EPC, the Fluor Agreements or any contracts or subcontracts with Subcontractors or Vendors.
18.There are no implied representations or warranties created or arise as a result of this Agreement.

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	19.
	This Agreement is specifically limited to the matters expressly set forth herein. 

This Agreement constitutes the sole, final, and entire agreement of the Parties with respect to the subject matter hereof, supersedes any and all prior oral and written communications with respect to the subject matter hereof, and may not be contradicted or varied by evidence of prior, contemporaneous, or subsequent oral agreements or discussions of the parties hereto. There are no oral agreements among the Parties hereto relating to the subject matter hereof or any other subject matter relating to any EPC. Capitalized terms not expressly defined herein shall have the meanings given them in the EPC.
20.No amendment of this Agreement and no waiver or discharge of any one or more of the terms or conditions hereof, will be effective unless set forth in writing and signed by all of the parties hereto.
21.This Agreement (a) is binding on the Parties and their respective nominees, successors, and assigns, and (b) inures to the benefit of the Parties and their respective nominees, successors, and assigns. Notwithstanding the foregoing, the Parties shall not assign their rights hereunder or any interest herein without obtaining the prior written consent of the other Parties, and any assignment or attempted assignment by the one Party without the other Parties’ prior written consent will be void and of no effect with respect.
22.Any provision of this Agreement that is held to be illegal, inoperative, unenforceable, void, or invalid in any jurisdiction will, as to that jurisdiction, be ineffective to the extent illegal, inoperative, unenforceable, void, or invalid without affecting the remaining provisions in that jurisdiction or the legality, operation, enforceability, or validity of that

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provision in any other jurisdiction, and to this end the provisions of this Agreement are declared to be severable.
23.No term of this Agreement is intended to benefit any person other than the signatories hereto nor will any term be enforceable by any other person.
24.This Agreement shall be governed by the laws of the State of New York, without regard to the application of New York’s conflict of law principles. Each Party consents to the exclusive jurisdiction of the Bankruptcy Court to resolve any dispute arising out of or relating to this Agreement.
25.EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT.
26.This Agreement may be executed in one or more counterparts and by different parties hereto on separate counterparts, each of which will be deemed an original and all of which taken together will constitute one and the same agreement, and this Agreement will be binding on all of the Parties hereto, even though such Parties do not sign the same signature page. Signatures transmitted electronically or by telecopy will be deemed original signatures.
27.The Parties acknowledge, agree and understand that nothing herein contained shall be construed to amend, extinguish, release, or discharge, or constitute, create, or affect a novation, accord, or satisfaction of, or an agreement to amend or extinguish, the indebtedness and obligations of the Parties originally described in the EPC.  In the event and to the extent of

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any conflict between the terms of this Agreement and the terms of the EPC, the terms of this Agreement with respect thereto will govern.

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GEORGIA POWER COMPANY, FOR ITSELF AND AS AGENT FOR OGLETHORPE POWER CORPORATION, MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA AND THE CITY OF DALTON, GEORGIA, ACTING BY AND THROUGH ITS BOARD OF WATER, LIGHT AND SINKING FUND COMMISSIONERS

	
		
	GEORGIA POWER COMPANY, FOR ITSELF AND AS AGENT FOR OGLETHORPE POWER CORPORATION, MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA AND THE CITY OF DALTON, GEORGIA, ACTING BY AND THROUGH ITS BOARD OF WATER, LIGHT AND SINKING FUND COMMISSIONERS

By:  /s/Chris Cummiskey

Date:  March 29, 2017
	WESTINGHOUSE ELECTRIC COMPANY, LLC

By:  /s/Jose Emeterio Gutierrez
Date: March 29, 2017

	 
	 

	 
	 

	 
	WECTEC GLOBAL PROJECT SERVICES, INC.

By:  /s/Jose Emeterio Gutierrez

Date: March 29, 2017

	 
	 

	 
	WECTEC STAFFING SERVICES LLC

By:  /s/Jose Emeterio Gutierrez

Date: March 29, 2017

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