PWER » Topics » 5.2.4 Certification of Payment .

This excerpt taken from the PWER 8-K filed Apr 28, 2008.
5.2.4       Certification of PaymentBefore any Performance-Based Award under this Section 5.2 (other than Qualifying Options and Qualifying SARs) is paid and to the extent required to qualify the award as performance-based compensation within the meaning of Section 162(m) of the Code, the Administrator must certify in writing that the performance target(s) and any other material terms of the Performance-Based Award were in fact timely satisfied.


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