SEC Contract Filing

Filing Date: 2019-02-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.A28
<SEQUENCE>11
<FILENAME>ex10a28_2018x10k.htm
<DESCRIPTION>EXHIBIT 10.A28
<TEXT>
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<div><a name="s1EA99E3DDC3490E1441EA9EEC6956AB1"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit 10(a)28</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:32px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT TO THE <br>DEFERRED CASH COMPENSATION TRUST AGREEMENT <br>FOR DIRECTORS OF SOUTHERN COMPANY AND ITS SUBSIDIARIES</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;the Grantors entered into the Deferred Cash Compensation Trust Agreement for Directors of Southern Company and its Subsidiaries (the &#8220;Trust&#8221;) as amended and restated effective September 1, 2001, and subsequently further amended effective January 1, 2009; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, the Grantors desire to amend the Trust in order to reflect Southern Company&#8217;s divestiture of one of the Grantors, Gulf Power Company, including the removal of Gulf Power Company as a Grantor under the Trust, the addition of Southern Company Gas as a Grantor under the Trust, and the removal and addition of the applicable Deferred Compensation Plans sponsored by those Grantors as plans subject to the Trust; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;pursuant to Section 4 of the Trust, the Grantors have the authority to amend the Trust at any time prior to a Preliminary CIC, and in the event of a Preliminary CIC may amend the Trust with the agreement of a majority of the Beneficiaries of the Trust, provided in either case the amendment does not increase the duties of the Trustee; and </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;this Second Amendment to the Trust will not result in an increase to the duties of the Trustee; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:12pt;">Sections 1 and 17(k) of the Trust provide that Beneficiaries for these purposes are Directors of the applicable Grantor who are eligible for a benefit under the applicable Plan, and for whom all amounts due under such Plan have not been satisfied; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;only Gulf Power Company has experienced a Preliminary CIC and all Directors owed a benefit under the Deferred Compensation Plan for Directors of Gulf Power Company have been fully paid.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE,</font><font style="font-family:inherit;font-size:12pt;">&#32;the Grantors hereby amend the Trust as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Effective as of the date Gulf Power Company ceases to be a subsidiary of Southern Company, Gulf Power Company shall cease to be a Grantor of the Trust and all references to Grantor thereunder shall no longer include Gulf Power Company.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Effective as of the date of execution of this Amendment by all Grantors, Southern Company Gas shall be a Grantor of the Trust and all references to Grantor thereunder shall include Southern Company Gas.</font></div><div><br></div><div><div style="line-height:100%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">1</font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">3.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Effective as of the date of e