HEI Exhibit 10.20(c)

AMERICAN SAVINGS BANK SELECT DEFERRED COMPENSATION PLAN

Amendment No. 3 to January 1, 2009 Restatement

The American Savings Bank Select Deferred Compensation Plan (“SDCP”) is hereby
amended by this Amendment No. 3 to the January 1, 2009 Restatement, as follows:

1.     Section 4A.1 is amended in its entirety as follows.

4A.1    SelectMatch Contributions.

(a)
General. Each Participant electing to make Deferral Contributions to the Plan
for a Plan Year shall be entitled to receive employer matching contributions
which shall be known as “SelectMatch Contributions”. SelectMatch Contributions
shall be made to the Participant’s SelectMatch Account as soon as
administratively feasible after the end of each calendar quarter in a Plan Year.

(b)
SelectMatch Compensation. For purposes of this Section 4A.1, “SelectMatch
Compensation” means “Compensation” as defined under the American Savings Bank
401(k) Plan, modified by the inclusion of Deferral Contributions under this Plan
and not limited by the annual limit imposed by Section 401(a)(17) of the Code on
compensation which may be taken into account by qualified plans (“401(a)(17)
Limit”).

(c)
Amount of SelectMatch Contribution. The amount of a Participant’s SelectMatch
Contribution for a calendar quarter shall be equal to the sum of (i) and (ii),
where

(i)
is equal to the Participant’s Deferral Contributions for the calendar quarter
multiplied by 4% and

(ii)
is equal to the excess, if any, of the Participant’s SelectMatch Compensation
for the calendar quarter over the sum of the Participant’s Deferral
Contributions for the calendar quarter and one-fourth of the 401(a)(17) Limit
for the calendar year, multiplied by 4%.

  
(d)
Investment Adjustments. SelectMatch Contributions shall be deemed to include
Investment Adjustments thereon, which shall be credited to a Participant’s
SelectMatch Account.

(e)
Salary Deferral Agreement to Control. Any SelectMatch Contributions made to the
Plan for the Participant’s benefit with respect to a Plan Year, together with
any Investment Adjustments thereon, shall be subject to the terms of the
Participant’s Salary Deferral Agreement for such Plan Year.

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2.    Section 2.1(ee) is amended in its entirety as follows.

“Interim Distribution Date” shall mean a date selected by the Participant on
which a designated portion of Deferral Contributions attributable to a Plan Year
shall be distributed to the Participant in a lump sum payment, provided that an
Interim Distribution Date shall be the first day of a Plan Year and may not
occur sooner than the fourth anniversary of the first day of the Plan Year with
respect to which the Deferral Election is made. An Interim Distribution Date may
be selected only at the time that the Participant makes a Deferral Election with
respect to a Plan Year and becomes irrevocable when the Deferral Election
becomes irrevocable.

3.    Supersession. This Amendment No. 3 shall supersede the provisions of the
SDCP, as amended, to the extent that those provisions are inconsistent with this
Amendment.

4.    Effective Date. This Amendment No. 3 is effective for Plan Years beginning
on or after January 1, 2015.

5.    Except as modified herein, all the terms and provisions of the SDCP, as
amended, shall continue in full force and effect.

* * *

IN WITNESS WHEREOF, American Savings Bank has caused this Amendment No. 3 to the
January 1, 2009 Restatement of the American Savings Bank Select Deferred
Compensation Plan to be executed by its duly authorized officer on December 3,
2014.

AMERICAN SAVINGS BANK

    

By_/s/ Richard F. Wacker____________________________
Its President and Chief Executive Officer

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