SEC Contract Filing

Filing Date: 2020-04-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.A
<SEQUENCE>2
<FILENAME>x10a-q12020.htm
<DESCRIPTION>EXHIBIT 10.A
<TEXT>
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 <title>Exhibit</title>
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<div><a name="s6494F1D598D7000582CA887FD4721210"></a></div><div></div><div><br></div><div style="line-height:120%;padding-bottom:12px;text-align:right;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10(a)</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SOUTHERN COMPANY</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">OMNIBUS INCENTIVE COMPENSATION PLAN</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FORM OF TERMS</font></div><div style="line-height:120%;padding-bottom:12px;text-align:center;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PERFORMANCE SHARE AWARD </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A Performance Share Award is subject to the following terms and conditions:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Award.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;A target number of performance share units (&#8220;Performance Shares&#8221; or &#8220;Performance Share Award&#8221;) is granted by the Compensation and Management Succession Committee (&#8220;Committee&#8221;) of The Southern Company (&#8220;Company&#8221;) Board of Directors to a Participant. The Performance Share Award provides the Participant an opportunity to earn shares of Southern Company Common Stock (&#8220;Common Stock&#8221;) based on Company performance over a three-year Performance Period (as defined below) against the performance goal measures set forth in Exhibit 1. Performance Share Awards are granted pursuant to and are governed by the Southern Company Omnibus Incentive Compensation Plan, as amended from time to time (&#8220;Plan&#8221;).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Terms.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;Terms used in this Form of Terms that are defined in the Plan will have the meanings ascribed to them in the Plan. The Long-Term Incentive Program Document (the &#8220;LTI Program Document&#8221;), an administrative document adopted by the Committee which is set forth at https:/mysource.southernco.com, contains additional provisions that apply to Performance Share Awards. Performance Share Awards are subject to the terms and conditions set forth in the Plan and any other administrative documents adopted by the Committee from time to time. If there is any inconsistency between the terms herein and the terms of the Plan or any administrative document adopted by the Committee, the Plan&#8217;s terms and the administrative document&#8217;s terms will supersede and replace the conflicting terms of this Form of Terms.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Performance Period.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;The period during which the performance goal measures apply (&#8220;Performance Period&#8221;) will be a three-year period that begins on January 1 of the year the Performance Share Award is granted to a Participant and ends on December 31 of the three-year period.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:11.5pt;font-weight:bold;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="