Human aware planning requires an agent to be aware of the intentions, capabilities and mental model of the human in the loop during its decision process. This can involve generating plans that are explicable (Zhang et al. 2017) to a human observer as well as the ability to provide explanations (Chakraborti et al. 2017b) when such plans cannot be generated. This has led to the notion "multi-model planning" which aim to incorporate effects of human expectation in the deliberative process of a planner - either in the form of explicable task planning or explanations produced thereof. In this paper, we bring these two concepts together and show how a planner can account for both these needs and achieve a tradeoff during the plan generation process itself by means of a model-space search method MEGA. This in effect provides a comprehensive perspective of what it means for a decision making agent to be "human-aware" by bringing together existing principles of planning under the umbrella of a single plan generation process. We situate our discussion specifically keeping in mind the recent work on explicable planning and explanation generation, and illustrate these concepts in modified versions of two well known planning domains, as well as a demonstration on a robot involved in a typical search and reconnaissance task with an external supervisor.