Exhibit 10.1

AMERICAN ELECTRIC POWER SYSTEM
STOCK OWNERSHIP REQUIREMENT PLAN

(As Amended and Restated Effective October 1, 2020)

ARTICLE I

PURPOSE AND EFFECTIVE DATE

1.1 The Human Resources Committee (“HRC”) of the Board of Directors of American
Electric Power Company, Inc. believes that it is critical to AEP’s long-term
success to effectively align the long-term financial interests of senior
executives with those of AEP’s shareholders and that an effective alignment is
best accomplished by substantial, long-term stock ownership. The American
Electric Power System Stock Ownership Requirement Plan (the “Plan”) was
established by American Electric Power Service Corporation (the “Company”) and
such subsidiaries of the Parent Corporation that have Eligible Employees to
facilitate the achievement and maintenance of Minimum Stock Ownership
Requirements assigned to Eligible Employees.

1.2 Except as otherwise specified herein, the effective date of this Amended and
Restated American Electric Power System Stock Ownership Requirement Plan is
October 1, 2020. This document amends and restates the Plan as most recently
amended and restated by a document that was executed on June 20, 2017.

ARTICLE II

DEFINITIONS

2.1 “Account” means the separate memo account established and maintained by the
Committee (or the record keeper employed by the Company) to record the number of
Shares and Share Equivalents that have been designated in accordance with the
terms of this Plan to satisfy all Minimum Stock Ownership Requirements assigned
to a Participant.

2.2 “AEP” means the Parent Corporation and its direct and indirect subsidiaries.

2.3 “Applicable Tax Payments” means the following types of taxes that AEP may
withhold and pay that are described as follows:

(a) Federal Insurance Contributions Act (FICA) tax imposed under Code Sections
3101, 3121(a) and 3121(v)(2) that apply to an amount deferred under the Plan
before the amount is paid or made available to the Participant (the “FICA
Amount”);

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(b) State, local, or foreign tax obligations arising from participation in the
Plan that apply to an amount deferred under the Plan before the amount is paid
or made available to the Participant (the “State, Local, or Foreign Tax
Amount”);

(c) Income tax at source on wages imposed under Code Section 3401 or the
corresponding withholding provisions of applicable state, local and foreign tax
laws as a result of the payment of the FICA Amount or the State, Local, or
Foreign Tax Amount; and

(d) The additional income tax at source on wages attributable to pyramiding Code
Section 3401 wages and taxes;

provided, however, that the total Applicable Tax Payments may not exceed such
limits as may be applicable to comply with the requirements of Code Section
409A.

2.4 “Career Share Account” means a separate memo account that is a subset of the
Account that is maintained to identify the Career Share Units used to satisfy a
Participant’s Minimum Stock Ownership Requirements.

2.5 “Career Share Unit” or “Career Share” means a type of Share Equivalent that
is tracked in a Participant’s Career Share Account in order to determine whether
and when the Participant has satisfied his or her Minimum Stock Ownership
Requirements. Career Shares also have been generically referred to as “Phantom
Stock Units” in Company communications.

2.6 “Claims Reviewer” means the person or committee designated by the Company
(or by a duly authorized person) as responsible for the review of claims for
benefits under the Plan in accordance with Section 8.1. Until changed, the
Claims Reviewer shall be the Company’s employee who is the head of the Executive
Benefits area of the Human Resources department.

2.7 “Code” means the Internal Revenue Code of 1986 as amended from time to time.

2.8 “Committee” means the committee designated by the Company (or by a duly
authorized person) as responsible for the administration of the Plan. Until
changed, the Committee shall consist of the employees of the Company holding the
following positions: chief executive officer of the Company; head of the Human
Resources department (currently, Vice President Human Resources); the employee
to whom the head of the Human Resources department reports (currently, Senior
Vice President & Chief Administrative Officer) and the chief financial officer
of the Company. The Committee may authorize any person or persons to act on its
behalf with full authority in regard to any of its duties and hereunder other
than those set forth in Section 9.2.

2.9 “Common Stock” means the common stock, $6.50 par value, of the Parent
Corporation.

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2.10 “Company” means American Electric Power Service Corporation.

2.11 “Eligible Employee” means any employee of AEP who is hired into or promoted
to a position that is eligible to be assigned a Minimum Stock Ownership
Requirement, and only so long as a Minimum Stock Ownership Requirement applies.
At the date of execution of this document, a Minimum Stock Ownership Requirement
is assigned to those employees employed at exempt salary grade 36 or higher. An
individual who is not directly compensated by AEP or who is not treated by AEP
as an active employee shall not be considered an Eligible Employee.

2.12 First Date Available” or “FDA” means the last day of the month coincident
with or next following the date that is six (6) months after the date of the
Participant’s or Former Participant’s Termination.

2.13 “Incentive Compensation Deferral Plan” means the American Electric Power
System Incentive Compensation Deferral Plan, as amended from time to time.

2.14 “Long Term Incentive Plan” or “LTIP” means the American Electric Power
System Long-Term Incentive Plan, as amended from time to time, including any
successor plan or plans. The LTIP that is in effect as of the date this restated
Plan is executed is entitled the “Amended and Restated American Electric Power
System Long-Term Incentive Plan – Approved by Shareholders April 17, 2010 (as
amended through September 25, 2012).”

2.15 “Key Employee” means a Participant who is classified as a “specified
employee” at the time of Termination in accordance with the policies adopted by
the Committee in order to comply with the requirements of Section
409A(a)(2)(B)(i) of the Code and the guidance issued thereunder.

2.16 “Market Value” means the closing price of a Share, as reported on the
NASDAQ Stock Market LLC on the date in question or, if the Share shall not have
been traded on such date or if the NASDAQ Stock Market LLC is closed on such
date, then the first day prior thereto on which the Common Stock was so traded.

2.17 “Minimum Stock Ownership Requirement” or “MSOR” means the targeted
aggregate number of Shares and Share Equivalents specified under the terms of
this Plan as applicable to the Participant. Participants may be assigned
multiple minimum stock ownership requirements. Any MSOR assigned to a
Participant shall no longer be applicable to such Participant after the date of
the Participant’s Termination.

2.18 “MSOR Window Period” means the period that begins as of the date a
particular MSOR is effective with respect to an Eligible Employee (or
Participant, with regard to any increase in his or her MSOR) and ends on the
five (5) year anniversary of that date.

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2.19 “Next Date Available” or “NDA” means the June 30 of the calendar year
immediately following the calendar year in which falls the Participant’s
Termination.

2.20 “Parent Corporation” means American Electric Power Company, Inc., a New
York corporation, and any successor thereto.

2.21 “Participant” is defined in Article IV.

2.22 “Performance-Based Compensation” has the meaning set forth in Section
409A(a)(4)(B)(iii) of the Code.

2.23 “Performance Shares” means performance shares or performance share units
(or other similar types of equity incentive compensation) awarded under the
American Electric Power System Performance Share Incentive Plan or the Long-Term
Incentive Plan. Reference in this Plan to the “12/10/2003 Performance Share
Awards” shall be deemed to refer to the Performance Shares that were issued with
a grant date of December 10, 2003 and subject to a performance period from
December 10, 2003 through December 31, 2004.

2.24 “Phantom Stock Units” means an award under the Long-term Incentive Plan to
a Participant of a number of hypothetical share units with respect to shares of
Common Stock. See, for example, the definitions of “Career Share Unit,” above,
and “Restricted Stock Unit,” below.

2.25 “Plan Year” means the twelve-month period commencing each January 1 and
ending the following December 31.

2.26 “Restricted Stock Unit” means a type of Phantom Stock Unit issued under the
Long-Term Incentive Plan pursuant to a Restricted Stock Unit Award Agreement.

2.27 “Share” means a share of common stock of the Parent Corporation, and
includes, but is not limited to, such shares as may be purchased directly by or
for the Participant or through the American Electric Power Company, Inc.
Dividend Reinvestment and Direct Stock Purchase Plan or issued in connection
with the Participant’s performance of services for AEP, such as pursuant to the
American Electric Power System Long-Term Incentive Plan.

2.28 “Share Equivalent” is determined by reference to (1) the amount credited to
the Participant’s Career Share Account under this Plan and (2) to the extent
eligible for designation in accordance with Section 5.2, (A) the Participant’s
outstanding Restricted Stock Units and (B) the Participant’s AEP Stock Fund
accounts maintained in connection with the American Electric Power System
Retirement Savings Plan, the American Electric Power System Supplemental
Retirement Savings Plan, and the American Electric Power System Incentive
Compensation Deferral Plan. No certificates shall have been issued with respect
to such Share Equivalents.

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(a) To the extent that the amount credited under these arrangements are not
otherwise reported under the terms of the applicable plan as a number of shares
of Common Stock, the number of Share Equivalents attributable to such amount
shall be determined by dividing the dollar amount so credited by the Market
Value of a Share determined as of the applicable valuation date; provided that
effective beginning May 1, 2008, the number of Share Equivalents attributable to
such amount shall be determined by

(i)    multiplying the dollar amount credited to such AEP Stock Fund under the
Plan by the Dilution Percentage with respect to that fund as of the applicable
valuation date; then

(ii)    dividing the product in (i) by the Market Value of a Share determined as
of the applicable valuation date.

(b)    For purposes of this Section, the “Dilution Percentage” applicable to a
plan’s AEP Stock Fund shall be determined by

(i)    dividing the aggregate Market Value of the Shares held by the fund (or,
with respect to the phantom AEP Stock Fund that is maintained with respect to
the American Electric Power System Supplemental Retirement Savings Plan and the
American Electric Power System Incentive Compensation Deferral Plan, by the
actual fund to which such phantom fund is tied – currently, the AEP Stock Fund
under the American Electric Power System Retirement Savings Plan); by

(ii)    the value of all of the assets held in that fund (or such fund to which
a phantom fund is tied) as of the applicable valuation date.

2.29 “Termination” means termination of employment with the Company and its
subsidiaries and affiliates for any reason; provided that effective with respect
to Participants whose employment terminates on or after January 1, 2005,
determinations as to the circumstances that will be considered a Termination
(including a disability and leave of absence) shall be made in a manner
consistent with the written policies adopted by the HRC from time to time to the
extent such policies are consistent with the requirements imposed under Code
409A(a)(2)(A)(i).

2.30 “Vested” or “Earned and Vested” means, for purposes of this Plan, that the
Shares or Share Equivalents credited to the Participant have become both
objectively determinable and no longer subject to a substantial risk of
forfeiture.

2.31 “2006 Distribution Election Period” means the period or periods designated
by the Committee during which Participants (or Former Participants) are given
the opportunity to select among the distribution options set forth in Article
VII, provided that any such period shall end no later than December 31, 2006.

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ARTICLE III

ADMINISTRATION

3.1 The Plan shall be administered by the Committee. The Committee shall have
full discretionary power and authority (i) to administer and interpret the terms
and conditions of the Plan and (ii) to establish reasonable procedures with
which Participants, Former Participant and beneficiaries must comply to exercise
any right or privilege established hereunder. The rights and duties of the
Participants and all other persons and entities claiming an interest under the
Plan shall be subject to, and bound by, actions taken by or in connection with
the exercise of the powers and authority granted under this Article.

3.2 The Committee may employ agents, attorneys, accountants, or other persons
and allocate or delegate to them powers, rights, and duties all as the Committee
may consider necessary or advisable to properly carry out the administration of
the Plan.

3.3 The Company shall maintain, or cause to be maintained, records showing the
individual balances in each Participant’s Account, including each Participant’s
Career Share Account. Statements setting forth the value of the amount credited
to the Participant's Account shall be made available to each Participant no less
often than once per year. The maintenance of the Account records and the
distribution of statements may be delegated to a record keeper by either the
Company or the Committee.

ARTICLE IV

PARTICIPATION

An Eligible Employee shall become a Participant as of the date that the Eligible
Employee is first assigned a Minimum Stock Ownership Requirement.

ARTICLE V

SATISFACTION OF MINIMUM STOCK OWNERSHIP REQUIREMENT

5.1 Accounts. The Committee shall establish and maintain an Account for each
Participant that will record the number of Shares and Share Equivalents that
have been designated in accordance with the terms of this Plan to satisfy the
Minimum Stock Ownership Requirement applicable to such Participant.

5.2 Share Commitment Designated by Participant.

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(a) A Participant may from time to time designate that certain Shares or Share
Equivalents that are owned solely by the Participant or otherwise credited
solely to the Participant be credited to the Account of such Participant. A
Participant shall be permitted to so designate any Shares or Share Equivalents
only to the extent the following requirements have been satisfied:

(i)The Shares or Share Equivalents have been awarded to the Participant, whether
or not such Shares or Share Equivalents are then Vested;

(ii)The Shares or Share Equivalents are not of a type that may be eligible for
automatic allocation to the Participant’s Career Share Account pursuant to
Section 5.3, below;

(iii)The Shares or Share Equivalents are not encumbered, pledged or hypothecated
in favor of a third party (other than the Participant or AEP) in any way; and

(iv)If Shares, such Shares are held in an account which the Committee determines
in its sole discretion provides it with the ability to confirm the number of
Shares and the interest of the Participant therein.

(b)    A Restricted Stock Unit may be considered designated by a Participant for
purposes of this section only at such time or times and only to the extent that,
by the terms of its Restricted Stock Unit Award Agreement, payment of such award
would be made in shares of unrestricted Common Stock at such time if the
Participant were then fully vested. For example, certain such awards currently
specify that payment upon vesting would be made in cash to a Participant who is
a Section 16 Officer at that time. Even if the Participant had been permitted to
sign a document that “designated” such Restricted Stock Units, such awards would
not be considered designated for purposes of this Plan as of any date that the
Company considers such Participant a Section 16 Officer.

(c)    Any designation made by a Participant under this Section shall be made in
writing and in a form that is satisfactory to the Committee.

5.3 Accrual of Career Shares.

(a)    Determination Date. For purposes of this Section 5.3, the term
“Determination Date” means

(i)    the date that is six months prior to the end of the performance period,
with respect to an award of Performance Shares that qualifies as
Performance-Based Compensation and that is based on services performed over a
period of at least 12 months; or

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(ii)    to the extent that the awarded Performance Shares are not
Performance-Based Compensation that is based on services performed over a period
of at least 12 months, the latest of (A) the December 31 immediately prior to
the year in which the services on which the Performance Shares is based are to
be performed, (B) the date the Participant first became an Eligible Employee, or
(C) the date the Performance Shares are granted to the Participant.

(b)    Participant Has Not Satisfied MSOR.

(i)    If a Participant has not satisfied all applicable Minimum Stock Ownership
Requirements on or before a Determination Date applicable to Performance Shares
that have been awarded to such Participant, the Participant’s Career Share
Account shall be credited with the number of Shares or Share Equivalents that
become Earned and Vested (reduced, however, to the extent the amount deferred
would otherwise exceed an amount that allows for the current payment of
Applicable Tax Payments) for the Participant as a result of the award of such
Performance Shares. Notwithstanding the foregoing provisions of this paragraph
(i), effective for Determination Dates occurring on or after May 1, 2008, the
number of Shares or Share Equivalents so credited to the Participant’s Career
Share Account shall be limited to that number needed to satisfy the
Participant’s MSOR, and the balance, if any, of such Earned and Vested
Performance Shares shall be administered without regard to the provisions of
this Plan. For this purpose, the number of Shares or Share Equivalents needed to
satisfy the Participant’s MSOR shall be determined by reference to the highest
MSOR that is applicable to such Participant as of the Determination Date with
respect to such Performance Shares:

(A)    after taking into account

(1)    Shares or Share Equivalents that are credited to the Participant’s
Account as of such Determination Date pursuant to the Participant’s designation
under Section 5.2 no later than such Determination Date;

(2)    the Share Equivalents that are credited to the Participant’s Career Share
Account as of such Determination Date; and

(3)    the Share Equivalents attributable to reinvested dividends through the
date such Performance Shares become Earned and Vested, but only to the extent
such reinvested dividends are attributable to the Share Equivalents that were
credited to the Participant’s Career Share Account as of such Determination
Date; but

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(B)    Disregarding the Share Equivalents that may be credited to such
Participant’s Career Share Account pursuant to this subsection 5.3(b)(i), that
either

(1)    have a Determination Date that is after the Determination Date for such
Performance Shares; or

(2)    have not become Earned and Vested as of the date such Performance Shares
become Earned and Vested.

(ii)    The Share Equivalents that are disregarded pursuant to subparagraph
5.3(b)(i)(B) may include those attributable to Performance Shares that had
become Earned and Vested and thereupon credited to such Participant’s Career
Share Account, and as a result, such Career Share Account may be credited with
Share Equivalents in excess of the number actually needed to satisfy the highest
MSOR that is applicable to such Participant as of the applicable Determination
Date.

(iii)    If the same Determination Date applies to more than one award of
Performance Shares for a particular Participant, and such awards also become
Earned and Vested as of the same date, the following priority shall be used in
determining which award (or portion thereof) shall be credited to the
Participant’s Career Share Account: (A) Share Equivalents shall be credited in
the same order in which they were initially granted, and (B) if they were
granted as of the same date, Share Equivalents shall be credited first from
Performance Shares relating to a performance period that began the earliest.

(iv)    A Participant’s Career Share Account shall be credited to the extent
otherwise described in this Section 5.3(b) even if the Participant shall have
satisfied all applicable MSOR or shall have ceased to remain an Eligible
Employee during the period between the Determination Date and the date the
Performance Shares are Earned and Vested. However, if a Participant shall have
no MSOR as of an applicable Determination Date by reason of the Participant’s
having ceased to remain an Eligible Employee, the payment or deferral of the
amounts that become payable to the Participant as a result of an award of
Performance Shares to which such Determination Date applies shall be determined
in accordance with other plans and programs as may apply, including, for
example, the Incentive Compensation Deferral Plan.

(c)    Participant Has Satisfied MSOR. If a Participant has satisfied his or her
MSOR on or before the applicable Determination Date, the payment or deferral of
the amounts that become payable to the Participant as a result of an award of
Performance Shares shall be determined in accordance with other plans and
programs as may apply, including, for example, the Incentive Compensation
Deferral Plan.

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ARTICLE VI

CAREER SHARE ACCOUNT
DIVIDENDS AND ADJUSTMENTS

6.1 Reinvestment of Dividends. Effective on each dividend payment date with
respect to the Common Stock, the Career Share Account of a Participant shall be
credited with an additional number of whole and fractional Share Equivalents,
computed to three decimal places, equal to the product of the dividend per share
then payable, multiplied by the number of Share Equivalents then credited to
such Career Share Account, divided by the Market Value on the dividend payment
date.

6.2 Adjustments. The number of Share Equivalents credited to a Participant’s
Career Share Account shall be appropriately adjusted for any change in the
Common Stock by reason of any merger, reclassification, consolidation,
recapitalization, stock dividend, stock split or any similar change affecting
the Common Stock.

ARTICLE VII

CAREER SHARE ACCOUNT
DISTRIBUTIONS

7.1 Upon a Participant’s Termination for any reason, the Company shall cause the
amount credited to the Participant’s Career Share Account the Participant to be
paid in accordance with the following rules:

(a)    Medium of Payment. Effective for all payments made on or after July 1,
2017, payments for whole Career Shares shall be made in shares of Common Stock
and payments for any fraction of a Career Share shall be made in cash or applied
as additional participant tax withholding at the Company’s option. All payments
to Participants made prior to July 1, 2017 , shall be made in cash.

(i)When making payment in the form of Shares of Common Stock, each whole Career
Share (including any attributable to Share Equivalents credited to the
Participant’s Career Share Account) that becomes payable shall be converted into
a single Share of Common Stock for delivery in accordance with Section 7.1 (b)
(6)_(Delivery of Shares of Common Stock).

(ii)Cash payments of Career Shares (including fractional Career Shares paid on
or after July 1, 2017) shall be calculated on the basis of the average of the
Fair Market Value of the Common Stock for the last 20 trading days prior to the
applicable distribution date (i.e., the Participant’s date of
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Termination, deferred distribution date, respective installment payment dates or
the date of the Participant’s death, as the case may be).

(b)    Timing and Form of Distribution. Except as otherwise provided in Section
7.2, the following rules shall apply with regard to the timing and form of the
distributions to be made from the Participant’s Career Share Account:

(1)    Form of Distribution. The Company shall cause the Participant to be paid
the full amount credited to his or her Active Career Share Account in accordance
with his or her effective election in one of the following forms:

(A) A single lump sum distribution

(i) as of the First Date Available; or

(ii) as of the Next Date Available; or

(iii) as of the fifth anniversary of the First Date Available; or

(iv) as of the fifth anniversary of the Next Date Available; or

(B) In five (5) annual installments commencing

(i) as of the First Date Available; or

(ii) as of the Next Date Available; or

(iii) as of the fifth anniversary of the First Date Available; or

(iv) as of the fifth anniversary of the Next Date Available; or

(C) In ten (10) annual installments commencing.

(i) as of the First Date Available; or

(ii) as of the Next Date Available.

(2)    Effective Election. For this purpose, a Participant’s election with
respect to the distribution of his or her Career Share Account shall not be
effective unless all of the following requirements are satisfied.

(A)    The election is submitted to the Company in writing in a form determined
by the Committee to be acceptable;

(B)    The election is submitted timely. For purposes of this paragraph, a
distribution election will be considered “timely” only if it is
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submitted prior to the Participant’s Termination and it satisfies the
requirements of (i), (ii) or (iii), below, as may be applicable:

(i)    Submitted no later than the first Determination Date after June 30, 2006
with respect to a Participant who had neither a 12/10/2003 Performance Share
Award nor any amount credited to his Career Share Account as of June 30, 2006;
or

(ii)    Submitted during a 2006 Distribution Election Period that is applicable
to the Participant, but only with regard to the distribution election form last
submitted by such Participant before the expiration of that period; or

(iii)    If the Participant is submitting the election to change the timing or
form of distribution that is then in effect with respect to the Participant’s
Career Share Account other than an effective distribution election submitted as
part of the 2006 Distribution Election Period, such election must be submitted
at least one year prior to the date of the Participant’s Termination.

(C)    If the Participant is submitting the election pursuant to paragraph
(b)(2)(B)(iii) to change the timing or form of distribution that is then in
effect with respect to the Participant’s Career Share Account (i.e., the
Participant is not submitting an election with his initial applicable
Determination Date [(B)(i)] nor during the applicable 2006 Distribution Election
Period [(B)(ii)], the newly selected option must result in the further deferral
of the first scheduled payment by at least 5 years. For purposes of compliance
with the rule set forth in Section 409A(a) of the Code (and the regulations
issued thereunder), each distribution option described in Section 7.1(b)(1)
shall be treated as a single payment as of the first scheduled payment date.

(D)    If the Participant is submitting the election pursuant to paragraph
(b)(2)(B)(ii) to change the timing or form of distribution that is then in
effect with respect to the Participant’s Career Share Account, the newly
selected option may not defer payments that the Participant would have received
in 2006 if not for the new distribution election nor cause payments to be made
in 2006 if not for the new distribution election.

(3)    For purposes of this Section 7.1(b), if a Participant’s effective
distribution election form was submitted using the options that had been made
available under the Plan as in effect prior to January 1, 2005 [i.e., as either
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(A) a single lump-sum payment, or in annual installment payments over not less
than two nor more than ten years; (B) commencing within 60 days after the date
of the Participant’s Termination or the first, second, third, fourth or fifth
anniversary of the Participant’s Termination], then:

(A)    If the Participant’s Termination occurs prior to the expiration of the
2006 Distribution Election Period last applicable to the Participant, the
Participant’s effective distribution election form shall be given full effect.
Solely for purposes of this paragraph (3)(A), a participant’s distribution
election form shall be considered effective notwithstanding the requirement of
Section 7.1(b)(2)(B)(iii) (which requires that a form be submitted at least one
year prior to the date of the Participant’s Termination), provided that such
form had become effective prior to the Participant’s Termination in accordance
with the terms applicable to such election form at the time it was submitted by
the Participant; and

(B)    If the Participant’s Termination occurs after the expiration of the last
applicable 2006 Distribution Election Period, the Participant shall be
considered to have elected the corresponding option as set forth in Schedule A
attached to this Plan.

(4)    If the provisions of Section 7.1(b)(3) are not applicable to a
Participant and the Participant fails to submit an effective distribution
election with regard to his Career Share Account that satisfies the requirements
of Section 7.1(b)(2)(B)(i) (by his initial applicable Determination Date) or
Section 7.1(b)(2)(B)(ii) (during an applicable 2006 Distribution Election
Period), as applicable, by such Determination Date or the last day of the 2006
Distribution Election Period, respectively, such Participant shall be considered
to have elected a distribution of his or her Career Share Account in a single
lump sum as of the First Date Available.

(5)    If an annual installment option is selected, the amount to be distributed
in any one-year shall be determined by dividing the Participant’s Career Share
Account Balance by the number of years remaining in the elected distribution
period.

(6)    Delivery of Shares of Common Stock: The shares of Common Stock that are
to be distributed pursuant to section 7.1(a) shall be delivered to an account
set up for the Participant’s benefit with a broker/dealer designated by the
Company (the “Broker/Dealer Account”). The Common Stock and all Participants
remain subject to all applicable legal and regulatory restrictions such as
insider trading restrictions and black-out periods.

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7.2 Events Affecting Timing or Amount of Distributions.

(a) “Election” To Accelerate Payment of Career Shares Attributable to 12/10/2003
Performance Share Award. Notwithstanding any provision of Section 7.1 to the
contrary, if a Participant had not satisfied his or her MSOR on or before June
30, 2004 (the Determination Date applicable to the 12/10/2003 Performance Share
Awards), but as of June 30, 2006 either (i) does satisfy his or her applicable
MSOR(s) or (ii) has no applicable MSOR because the participant is longer an
Eligible Employee, the Participant will be deemed to have elected as of June 30,
2006 a lump sum payment with respect to the Share or Share Equivalents that
would have been credited to the Participant’s Career Share Account as a result
of the 12/10/2003 Performance Share Award. Such payment shall be made as of the
date that the 12/10/2003 Performance Share Awards otherwise would have become
payable if the Participant were not a participant in this Plan.

(b) Special Considerations. Notwithstanding any provision of this Article to the
contrary,

(1)    Limited Cashout - if the Participant’s Career Share Account is $10,000 or
less on the Participant’s First Date Available (or, if the Participant is not a
Key Employee, on the last day of the month coincident with or next following the
date that is one (1) month after the date of the Participant’s Termination)
(called the “Cashout Date”), the Committee may require that the full value of
the Participant’s Career Share Account be distributed as of the Cashout Date in
a single, lump sum distribution regardless of the form elected by such
Participant, provided that such payment is consistent with the limited cash-out
right described in Treasury Regulation Section 1.409A-3(j)(4)(v) or other
guidance of the Code in that the payment results in the termination and
liquidation of the entirety of the Participant’s interest under each
nonqualified deferred compensation plan (including all agreements, methods,
programs, or other arrangements with respect to which deferrals of compensation
are treated as having been deferred under a single nonqualified deferred
compensation plan under Treasury Regulation 1.409A-1(c)(2) or other guidance of
the Code) that is associated with this Plan; and the total payment with respect
to any such single nonqualified deferred compensation plan is not greater than
the applicable dollar amount under Code Section 402(g)(1)(B). Provided, however,

(2)    Avoid Violations - payment to a Participant will be delayed at any time
that the Company reasonably anticipates that the making of such payment will
violate Federal securities laws or other applicable law; provided however, that
any payments so delayed shall be paid at the earliest date at which the Company
reasonably anticipates that the making of such payment will not cause such
violation.

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ARTICLE VIII

BENEFICIARIES

8.1 Each Participant may designate a beneficiary or beneficiaries who shall
receive the balance of the Participant's Career Share Account if the Participant
dies prior to the complete distribution of the Participant's Career Share
Account. Any designation, or change or rescission of a beneficiary designation
shall be made by the Participant’s completion, signature and submission to the
Committee of the appropriate beneficiary form prescribed by the Committee. A
beneficiary form shall take effect as of the date the form is signed provided
that the Committee receives it before taking any action or making any payment to
another beneficiary named in accordance with this Plan and any procedures
implemented by the Committee. If any payment is made or other action is taken
before a beneficiary form is received by the Committee, any changes made on a
form received thereafter will not be given any effect. If a Participant fails to
designate a beneficiary, or if all beneficiaries named by the Participant do not
survive the Participant, the Participant’s Career Share Account will be paid to
the Participant’s estate. Unless clearly specified otherwise in an applicable
court order presented to the Committee prior to the Participant’s death, the
designation of a Participant’s spouse as a beneficiary shall be considered
automatically revoked as to that spouse upon the legal termination of the
Participant’s marriage to that spouse.

8.2 Distribution to a Participant’s beneficiary shall be in the form of a single
lump-sum payment within 60 days after the Committee makes a final determination
as to the beneficiary or beneficiaries entitled to receive such distribution.

ARTICLE IX

CLAIMS PROCEDURE

9.1 The following procedures shall apply with respect to claims for benefits
under the Plan.

(a) Any Participant or beneficiary who believes he or she is entitled to receive
a distribution under the Plan which he or she did not receive or that amounts
credited to his or her Account are inaccurate, may file a written claim signed
by the Participant, beneficiary or authorized representative with the Claims
Reviewer, specifying the basis for the claim. The Claims Reviewer shall provide
a claimant with written or electronic notification of its determination on the
claim within ninety days after such claim was filed; provided, however, if the
Claims Reviewer determines special circumstances require an extension of time
for processing the claim, the claimant shall receive within the initial
ninety-day period a written notice of the extension for a period of up to ninety
days from the end of the initial ninety day period. The extension notice shall
indicate the special circumstances requiring the extension and the date by which
the Plan expects to render the benefit determination.

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(b) If the Claims Reviewer renders an adverse benefit determination under
Section 8.1(a), the notification to the claimant shall set forth, in a manner
calculated to be understood by the claimant:

(1)    The specific reasons for the denial of the claim;

(2)    Specific reference to the provisions of the Plan upon which the denial of
the claim was based;

(3)    A description of any additional material or information necessary for the
claimant to perfect the claim and an explanation of why such material or
information is necessary, and

(4)    An explanation of the review procedure specified in Section 9.2, and the
time limits applicable to such procedures, including a statement of the
claimant’s right to bring a civil action under section 502(a) of the Employee
Retirement Income Security Act of 1974, as amended, following an adverse benefit
determination on review.

9.2 The following procedures shall apply with respect to the review on appeal of
an adverse determination on a claim for benefits under the Plan.

(a) Within sixty days after the receipt by the claimant of an adverse benefit
determination, the claimant may appeal such denial by filing with the Committee
a written request for a review of the claim. If such an appeal is filed within
the sixty day period, the Committee, or a duly appointed representative of the
Committee, shall conduct a full and fair review of such claim that takes into
account all comments, documents, records and other information submitted by the
claimant relating to the claim, without regard to whether such information was
submitted or considered in the initial benefit determination. The claimant shall
be entitled to submit written comments, documents, records and other information
relating to the claim for benefits and shall be provided, upon request and free
of charge, reasonable access to, and copies of all documents, records and other
information relevant to the claimant’s claim for benefits. If the claimant
requests a hearing on the claim and the Committee concludes such a hearing is
advisable and schedules such a hearing, the claimant shall have the opportunity
to present the claimant’s case in person or by an authorized representative at
such hearing.

(b) The claimant shall be notified of the Committee’s benefit determination on
review within sixty days after receipt of the claimant’s request for review,
unless the Committee determines that special circumstances require an extension
of time for processing the review. If the Committee determines that such an
extension is required, written notice of the extension shall be furnished to the
claimant within the initial sixty-day period. Any such extension shall not
exceed a period of sixty days from the end of the initial period. The extension
notice shall indicate the special circumstances requiring
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the extension and the date by which the Committee expects to render the benefit
determination.

(c) The Committee shall provide a claimant with written or electronic
notification of the Plan’s benefit determination on review. The determination of
the Committee shall be final and binding on all interested parties. Any adverse
benefit determination on review shall set forth, in a manner calculated to be
understood by the claimant:

(1)    The specific reason(s) for the adverse determination;

(2)    Reference to the specific provisions of the Plan on which the
determination was based;

(3)    A statement that the claimant is entitled to receive, upon request and
free of charge, reasonable access to, and copies of, all documents, records and
other information relevant to the claimant’s claim for benefits; and

(4)    A statement of the claimant’s right to bring an action under Section
502(a) of ERISA.

ARTICLE X

MISCELLANEOUS PROVISIONS

10.1 Each Participant agrees that as a condition of participation in the Plan,
the Company may withhold applicable federal, state and local taxes, Social
Security taxes and Medicare taxes from any deferral and distribution hereunder
to the extent that such taxes are then payable.

10.2 In the event the Committee, in its sole discretion, shall find that a
Participant or beneficiary is unable to care for his or her affairs because of
illness or accident, the Committee may direct that any payment due the
Participant or the beneficiary be paid to the duly appointed personal
representative of the Participant or beneficiary, and any such payment so made
shall be a complete discharge of the liabilities of the Plan and the Company
with respect to such Participant or beneficiary.

10.3 The Company intends to continue the Plan indefinitely but reserves the
right, in its sole discretion, to modify the Plan from time to time, or to
terminate the Plan entirely or to direct the permanent discontinuance or
temporary suspension of deferral contributions under the Plan; provided that no
such modification, termination, discontinuance or suspension shall reduce the
benefits accrued for the benefit of any Participant or beneficiary under the
Plan as of the date of such modification, termination, discontinuance or
suspension.

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10.4 Nothing in the Plan shall interfere with or limit in any way the right of
AEP to terminate any Participant’s employment at any time, or confer upon a
Participant any right to continue in the employ of AEP.

10.5 The Company intends the following with respect to this Plan: (1) Section
451(a) of the Code would apply to the Participant's recognition of gross income
as a result of participation herein; (2) the Participants will not recognize
gross income as a result of participation in the Plan unless and until and then
only to the extent that distributions are received; (3) the Company will not
receive a deduction for amount credited to any Account unless and until and then
only to the extent that amounts are actually distributed; (4) the provisions of
Parts 2, 3, and 4 of Subtitle B of Title I of ERISA shall not be applicable; and
(5) the design and administration of the Plan are intended to comply with the
requirements of Section 409A of the Code, to the extent such section is
effective and applicable to amounts deferred hereunder. However, no Eligible
Employee, Participant, beneficiary or any other person shall have any recourse
against the Corporation, the Company, the Committee or any of their affiliates,
employees, agents, successors, assigns or other representatives if any of those
conditions are determined not to be satisfied.

10.6 The Plan shall be construed and administered according to the applicable
provisions of ERISA and the laws of the State of Ohio.

10.7 Neither a Participant nor any other person shall have any right to sell,
assign, transfer, pledge, mortgage or otherwise encumber, transfer, alienate or
convey in advance of actual receipt, the amounts, if any, payable under this
Plan. Such amounts payable, or any part thereof, and all rights to such amounts
payable are not assignable and are not transferable. No part of the amounts
payable shall, prior to actual payment, be subject to seizure, attachment,
garnishment or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any other person. Additionally, no
part of any amounts payable shall, prior to actual payment, be transferable by
operation of law in the event of a Participant’s or any other person’s
bankruptcy or insolvency or be transferable to a spouse as a result of a
property settlement or otherwise, except that if necessary to comply with a
“qualified domestic relations order,” as defined in ERISA Section 206(d),
pursuant to which a court has determined that a spouse or former spouse of a
Participant has an interest in the Participant’s benefits under the Plan, the
Committee shall distribute the spouse’s or former spouse’s interest in the
Participant’s benefits under the Plan to such spouse or former spouse in
accordance with the Participant’s election under this Plan as to the time and
form of payment.

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American Electric Power Service Corporation has caused this amendment and
restatement of the American Electric Power System Stock Ownership Requirement
Plan to be signed as of this 25th day of September, 2020.

American Electric Power Service Corporation
By /s/ Julius Co
Julius CoxSenior Vice President and ChiefHuman Resources Officer

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