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XEL » Topics » Expiration of Restricted Period

This excerpt taken from the XEL 10-Q filed Jul 29, 2005.
             Expiration of Restricted Period.  Upon the expiration of the Restricted Period with respect to any Shares or lapse of restrictions for any other reason as provided in this Agreement, Xcel Energy shall cause the Shares released from restriction to be transferred to the account of the Participant in Xcel Energy’s Dividend Reinvestment and Stock Purchase Plan.  If the Participant dies before the restrictions lapse, and unless the Participant has directed otherwise in writing delivered to the Xcel Energy Executive Compensation Department, the certificates in respect of such restricted Shares shall be reissued and delivered to the Participant’s legal spouse, otherwise to the estate free of the restrictions referred to in paragraph 2 above and without the legend provided for in paragraph 4 above.

 

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