SEC Contract Filing

Filing Date: 2018-02-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.A17
<SEQUENCE>6
<FILENAME>x10a17-10k2017amendsbp.htm
<DESCRIPTION>EXHIBIT 10.A17
<TEXT>
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<div><a name="sC94AB1491C8B5011CE796CF81BE1BCB4"></a></div><div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:4px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit 10(a)17</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT TO THE SOUTHERN COMPANY <br>SUPPLEMENTAL BENEFIT PLAN</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><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;the Board of Directors of Southern Company Services, Inc. (the &#8220;Company&#8221;) heretofore established and adopted the Southern Company Supplemental Benefit Plan, as amended and restated effective June 30, 2016 (the &#8220;Plan&#8221;); 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><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;the Company desires to amend the Plan to implement changes to (i) the calculation of the Single-Sum Amount for a Participant who first participates in the Plan on or after January 1, 2018 or who is rehired on or after January 1, 2018, (ii) change the eligibility requirements effective January 1, 2018, (iii) add &#8220;Southern Power Company&#8221; and &#8220;Southern Company Gas&#8217; affiliated companies&#8221; as Employing Companies, and (iv) provide for the merger of the AGL Resources Inc. Excess Benefit Plan with and into the Plan, and special rules associated with the transferred benefits; 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;Section 6.2 of the Plan provides in relevant part that the Plan may be amended or modified at any time by the Company.</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><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE,</font><font style="font-family:inherit;font-size:12pt;">&#32;effective as the date set forth below, the Company hereby amends the Plan as&#160;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;">Section 2.11 of the Plan is hereby amended by deleting it in its entirety and replacing it with the following:</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.11 &#8220;Discount Rate&#8221; shall mean:</font></div><div style="line-height:120%;padding-left:66px;padding-bottom:16px;text-align:justify;text-indent:78px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:46px;">(a)</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">For a Participant who first participates in the Plan before January 1, 2018 and is not rehired on or after January 1, 2018.</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;The thirty (30) year Treasury yield as published by the Department of Treasury for purposes of compliance with Code Section 417(e) determined for September of the calendar year prior to the calendar year in which a Participant Separates from Service provided that the maximum rate shall not exceed six percent (6%). </font></div><div style="line-height:120%;padding-left:66px;padding-bottom:16px;text-align:justify;text-indent:78px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:46px;">(b)</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">For a Participant who first participates in the Plan on or after January 1, 2018 or is rehired on or after January 1, 2018.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;The &#8220;Applicable Interest Rate&#8221; defined by Code Section 417(e)(3) and determined for September of the calendar year prior to the calendar year in which a Participant Separates from Service. </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;">Section 2.34 of the Plan is hereby amended by deleting it in its entirety and replacing it with the following:</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:96px;font-si