Alabama Power Company Career Transition Package Confirmation Letter to William B. Hutchins, III

Contract Categories: Human Resources › Retention Agreements
Summary

This letter from Alabama Power Company, signed by its President and CEO, confirms an agreement with William B. Hutchins, III, the Executive Vice President and CFO. The company commits to provide Mr. Hutchins with a Career Transition Package, as defined on August 19, 2002, in exchange for his continued service as CFO until at least April 2004. The letter serves as a formal inducement for Mr. Hutchins to remain with the company for the specified period.

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EX-10.B.35 20 ex10b35.txt Exhibit 10(b)35 Charles D. McCrary President and Chief Executive Officer [Alabama Power Logo] 600 North 18th Street Post Office Box 2641 Birmingham, Alabama ###-###-#### August 22, 2002 Mr. William B. Hutchins, III Executive Vice President Dear Bruce: This letter will serve as confirmation of our discussions that began months ago and continue until this day. As an inducement for you to stay at Alabama Power Company as CFO until at least April of 2004, I commit to provide to you the Career Transition Package as defined August 19, 2002. Sincerely,