Massey Executives' Supplemental Benefit Plan Agreement



 Exhibit 10.2 
  
 MASSEY ENERGY 
 Massey Executives’
Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement 
  
 THIS PLAN AGREEMENT (this “Plan Agreement”) is effective as of
January 1, 2005, between Massey Energy Company, a Delaware corporation (the “Company”), and Don L. Blankenship (the “Executive”). 
  
 Recital 
  

	A.	The Executive is a key employee of the Company or one of its Subsidiaries, and the Company desires to have the continued services and counsel of the Executive.


  

	B.	The Company maintains the Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) (the “Plan”), as amended from time to
time, and the Executive has been selected to participate in the Plan. The Plan is a continuation of the Fluor Corporation Amended and Restated Executive’s Supplemental Benefit Plan (the “Fluor Plan”) maintained by the Company when
named Fluor Corporation and subsequently the Amended and Restated Massey Executives’ Supplemental Benefit Plan previously maintained by the Company’s subsidiary A. T. Massey Coal Company, Inc. (the “Massey Plan”).


  

	C.	The Executive desires to participate in the Plan. 

  

	D.	The Executive desires to amend and restate the Plan Agreement(s) previously executed by him under the Fluor Plan or the Massey Plan with the understanding that the benefit amounts
previously provided to the Executive in connection with the Plan are not changed unless otherwise expressly provided and that the changes made are intended to comply with Section 409A of the Code (as defined in the Plan), to make Massey Energy
Company the sponsor of the Plan and to revise the administration of the Plan. 

  
 Plan Agreement 
  
 NOW
THEREFORE, it is mutually agreed that: 
  

	1.	Definitions. Unless otherwise provided in this Plan Agreement, the capitalized terms in this Plan Agreement shall have the same meaning as under the Massey Executives’
Supplemental Benefit Plan (as amended and restated effective January 1, 2005) (the “Plan”). 

  

	 	(a)	“Endorsee” shall mean the Executive. 

  

							
	(b)	  	    “Insurer” shall mean  	  	Pacific Mutual Life Insurance Company.	  	.

  

	 	(c)	“Owner” shall mean A. T. Massey Coal Company, Inc. or the Trust, as the case may be. The Executive agrees that the Owner may be changed to the Company without his or her
consent. 

  

	 	(d)	“Policy” shall mean the following policy or policies on the life of the Executive that are issued by the Insurer: 

  

															
	No.	  	        	 	0122499260	  	                    	  	 	  	            	  	Pacific Mutual Life Insurance Company	  	 
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 
	No.	  	        	 	1A22750710	  	                    	  	 	  	            	  	Pacific Mutual Life Insurance Company	  	 
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 
	No.	  	        	 	1A23182000	  	                    	  	 	  	            	  	Pacific Mutual Life Insurance Company	  	 
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 
	No.	  	        	 	1A23467200	  	                    	  	 	  	            	  	Pacific Mutual Life Insurance Company	  	 

  

 1 








 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement

  

	2.	Executive’s Benefits. 

  

	 	(a)	The Executive shall receive no more than one Benefit under the Plan. The Executive’s Pre-Retirement Death Benefit is as defined in Schedules A-1, A-2, A-3 and A-4 of
Section 2 of this Plan Agreement. The Executive’s options as to the Form of Retirement Benefit are as set forth in Schedule B hereto. In Schedule B, the age column represents the age at which the Executive experiences death, Normal
Retirement, Approved Early Retirement, or such other event which causes him or her to receive a benefit under the Plan (other than the economic benefit described in Section 2(c) of the Plan). 

  

	 	(b)	All premiums due on the Policy shall be paid by the Company. Prior to the Executive’s termination of employment, he or she shall have no obligation to pay any portion of the
premiums due on the Policy or to reimburse the Company for any amount which is required to be included in the Executive’s income for Federal income tax purposes by reason of the “economic benefit” of the Policy provided by the Company
to the Executive. However, unless waived by the Company in writing, if the Executive elects and has the Post-Retirement Death Benefit provided for in Section 6(c)(i) of the Plan in effect after his termination of employment, the Executive
agrees to reimburse the Company by January 31 following the date of each premium payment prior to the Endorsement Termination Date in an amount such that for Federal income tax purposes the reimbursement for each year is equal to the amount
which would, in the absence of this agreement, be required to be included in Executive’s income for Federal income tax purposes by reason of the “economic benefit” of the Policy provided by the Company to the Executive. If the
Executive fails to so reimburse the Company within sixty (60) days of being advised in writing of the amount due (or by the January 31 due date, if later), the Company may terminate this Plan Agreement without further liability. The
Company may agree in writing to waive the reimbursement requirement at any time. 

  

	 	(c)	If the Executive remained employed by the Company until April 30, 2005, he or she shall thereupon have a right to an Approved Early Retirement at any time and the consent of
the Administrative Committee thereto shall not be required, and the Company shall not adversely amend, modify or terminate the Plan as to the Executive without his written consent. 

  

	 	(d)	Notwithstanding the regular provisions of the Plan requiring spousal consent to the designation of a Beneficiary, spousal consent to the naming of the Executive’s
Beneficiary(ies) is not required. 

  

	 	(e)	Notwithstanding the regular provisions of the Plan regarding the Endorsement Termination Date, if the Executive elects and has the Post-Retirement Death Benefit provided for in
Section 6(c)(i) of the Plan in effect after his termination of employment, the Endorsement Termination Date shall automatically occur upon the first to occur of any of the following: 

  

	 	(i)	Termination of Executive’s employment by the Company other than (A) by reason of death, (B) by reason of a disability that the Administrative Committee under the Plan
determines is a Disability as that term is defined in the Plan or (C) pursuant to an Approved Early Retirement as that term is defined in the Plan; 

  

	 	(ii)	The second anniversary of a termination of Executive’s employment by the Company by reason of a disability that the Administrative Committee under the Plan determines is a
Disability as that term is defined in the Plan, unless the Executive is granted an Approved Early Retirement under the Plan; 

  

 2 








 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement

  

	 	(iii)	The Executive both (A) is granted an Approved Early Retirement under the Plan and (B) attains age 65. 

  

	 	(iv)	The Company elects to terminate this agreement, provided, however, that no such election shall constitute an Endorsement Termination Date if as of the date of such election the
Executive both (A) has previously been granted an Approved Early Retirement under the Plan and (B) has not yet attained age 65. 

  

	3.	Benefit Election. The Executive elects the Benefit listed below next to which he or she has subscribed his or her initials. If no option is initialed, or if the Executive
elects to defer his or her election of a Form of Retirement Benefit but thereafter fails to make a timely election, then the Executive’s Form of Retirement Benefit shall be the Post-Retirement Death Benefit provided for in Section 6(c)(i)
of the Plan. 

  

					
	 	 	a.	  	The Post-Retirement Death Benefit described in Section 6(c)(i) of the Plan, as modified herein. If the Executive
	 	 	 	  	elects or is deemed to elect the Post-Retirement Death Benefit, following modifications to the regular provisions of the Plan shall apply: (1) notwithstanding the regular Post-Retirement
Death Benefit payment provisions and procedures provided in the Plan, if the Executive dies after he or she Retires and before the Endorsement Termination Date when his or her Post-Retirement Death Benefit is due under the Plan, the following steps
shall occur promptly following the Executive’s death: (A) the Company and the Executive’s Beneficiary shall take all steps necessary to collect the gross proceeds under the Policy; (B) the Insurer shall pay the Executive’s
Post-Retirement Death Benefit to his or her Beneficiary as specified in Schedule C; and (C) the Insurer shall pay to the Company the amount, if any, by which the gross proceeds under the Policy exceed the Post-Retirement Death Benefit; and
(2) the Executive acknowledges that, under current law, he or she shall have taxable income equal to the value of the “economic benefit” derived by the Executive from the Policy’s insurance protection, as determined for Federal
income tax purposes, after his or her Retirement and until the Endorsement Termination Date.
	 	 	 	  	 
	 	 	b.	  	The Lump Sum Benefit described in Section 6(c)(ii) of the Plan.
	 	 	 	  	 
	 	 	c.	  	The Salary Continuation Benefit described in Section 6(c)(iii) of the Plan.
	 	 	 	  	 
	 	 	d.	  	If consented to by the Administrative Committee, the Joint and Survivor Insurance Benefit described in
	 	 	 	  	Section 6(d) of the Plan. NOTICE - IF MADE, THIS ELECTION IS IRREVOCABLE. THIS OPTION IS NOT CURRENTLY AVAILABLE.

  
 The Executive may
revise his or her election only as provided in the Plan. 
  

	4.	Integrated Agreement: Parties Bound. The Plan, a copy of which has been delivered to the Executive, is hereby incorporated into and made a part of this Plan Agreement as
though set forth in full in this Plan Agreement. The parties to this Plan Agreement agree to and shall be bound by, and have the benefit of, each and every provision of the Plan as set forth in the Plan. This Plan Agreement and the Plan,
collectively, shall be considered one complete contract between the parties. 

  

 3 








 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement

  

	5.	Acknowledgment. The Executive hereby acknowledges that he or she has read and understands this Plan Agreement and the Plan. 

  

	6.	Conditions to Participation. As a condition to participation in the Plan, the Executive must complete, sign, date, and return to the Administrative Committee an original copy
of this Plan Agreement and a Beneficiary Designation Form. 

  

	7.	Successors and Assigns. This Plan Agreement shall inure to the benefit of, and be binding upon, the Company, its successors and assigns, and the Executive.


  

	8.	Governing Law. This Plan Agreement shall be governed by and construed under the laws of the State of Delaware, as in effect at the time of the execution of this Plan
Agreement. 

  
 IN WITNESS WHEREOF, the Executive has
signed and the Company has accepted this Plan Agreement as of the date first written above. 
  

					
	 	 	EXECUTIVE
		
	 December 29, 2005

	 	 /s/ Don L. Blankenship


	Date	 	Signature of Executive
		
	 	 	 Don L. Blankenship


	 	 	Type or Print Name
		
	AGREED AND ACCEPTED BY THE COMPANY:	 	 
		
	 	 	MASSEY ENERGY COMPANY
			
	 	 	By:	 	 /s/ Bobby R. Inman


	 	 	Its:	 	Chair, Compensation Committee
	 	 	 	 	of the Board of Directors

  

 4 








 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement
- Schedule A-1 
  
 ENDORSEMENT 
  

											
	Owner:	 	A. T. Massey Coal Company, Inc.	  	(named Subsidiary),
	 	 	And its successors and assigns	  	 
			
	Endorsee:	 	Don L. Blankenship	  	(Executive),
	 	 	And his/her successors and assigns	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Insurer:	 	Pacific Mutual Life Insurance Company	 	            	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Policy No:  	 	0122499260	 	_________________________	  	 
				
	Insured:	 	Don L. Blankenship	 	 	  	 

  
 In consideration of the Plan Agreement
(the “Agreement”) entered into between the Massey Energy Company (the “Company”) and Endorsee, Owner and Endorsee agree as follows: 
  
 The above numbered Policy is subject to the Endorsement as specified in the Plan and the Plan Agreement, subject to all terms and conditions of the Policy and to all
liens, if any, which the Insurer may have against the Policy. 
  
 PURPOSE 
  
 This Endorsement grants the Endorsee a right to name
the Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under the above Policy until the Endorsement Termination Date, in an amount specified below and does not give the Endorsee any other rights.

  
 This Endorsement shall cease to be effective or operative upon the Endorsement
Termination Date which shall occur upon the first to occur of any of the following if the Executive elects and has the Post-Retirement Death Benefit provided for in Section 6(c)(i) of the Plan in effect after his termination of employment or
otherwise which shall occur on the date of the Executive’s termination of employment: 
  

	A.	Termination of Executive’s employment by the Company other than (i) by reason of death, (ii) by reason of a disability that the Administrative Committee under the
Massey Executives’ Supplemental Benefit Plan (the “Plan”) determines is a Disability as that term is defined in the Plan or (iii) pursuant to an Approved Early Retirement as that term is defined in the Plan;


  

	B.	The second anniversary of a termination of Executive’s employment by the Company by reason of a disability that the Administrative Committee under the Plan determines is a
Disability as that term is defined in the Plan, unless the Executive is granted an Approved Early Retirement under the Plan; 

  

	C.	The Executive both (i) is granted an Approved Early Retirement under the Plan and (ii) attains age 65; or 

  

	D.	The Company elects to terminate this agreement, provided, however, that no such election shall constitute an Endorsement Termination Date if as of the date of such election the
Executive both (i) has previously been granted an Approved Early Retirement under the Plan and (ii) has not yet attained age 65. 

  

 Schedule A-1 








 MASSEY ENERGY 
 Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement
- Schedule A-1 
  
 BENEFICIARIES 
  

	A.	The Endorsee’s designated Beneficiary shall be the primary Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under this
Schedule A-1, which amount is the amount of the Policy’s net death proceeds equal to $500,000 or the Policy’s entire net death proceeds, if less. 

  

	B.	Any remaining net death proceeds under the Policy shall be paid to the Owner. 

  

AGREEMENT 
  
 The undersigned hereby agree that the Insurer may rely on the Owner’s written statement of the amount due to be paid to the Beneficiaries upon death of the Insured.
Upon payment of the death proceeds based on such a statement, the Insurer shall be fully released under the Policy and the respective Beneficiaries shall indemnify the Insurer to that effect. This Endorsement shall be binding upon the parties and
their successors, heirs, assigns, devisees, personal representatives and other legal representatives. Insurer will not be liable for any action it takes before this Endorsement is received and acknowledged at the Insurer’s home office. In the
event of any conflict between this Endorsement and the terms in the Plan or Plan Agreement, this Endorsement shall prevail. 
  
 If signing for an entity, the undersigned represents that he or she has authority to bind the entity. 
  

			
	 Don L. Blankenship

	 	 A. T. Massey Coal Company, Inc.


	ENDORSEE (Print Name of Executive)	 	OWNER (Print name of Company)
		
	  

	 	  


	SIGNATURE OF ENDORSEE	 	AUTHORIZED SIGNATURE OF COMPANY
	 	 	(and if an entity print title of authorized signor)
		
	  

	 	  


		
	  

	 	  


	ADDRESS	 	ADDRESS
	
	  


		
	ACKNOWLEDGED AND ACCEPTED	 	 
		
	  

	 	 Date:



  
 Filed at the Home Office of the
Insurer this      day of                 , 200  . The Insurer assumes no responsibility for the validity of the
contents of this document. 
  

	
	  




  

 Schedule A-1 








 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement - Schedule A-2 
  
 ENDORSEMENT 
  

											
	Owner:	 	A. T. Massey Coal Company, Inc.	  	(named Subsidiary),
	 	 	And its successors and assigns	  	 
			
	Endorsee:	 	Don L. Blankenship	  	(Executive),
	 	 	And his/her successors and assigns	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Insurer:	 	 Pacific Mutual Life Insurance Company
	 	            	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Policy No:  	 	1A22750710	 	_________________________	  	 
				
	Insured:	 	Don L. Blankenship	 	 	  	 

  
 In consideration of the Plan Agreement
(the “Agreement”) entered into between the Massey Energy Company (the “Company”) and Endorsee, Owner and Endorsee agree as follows: 
  
 The above numbered Policy is subject to the Endorsement as specified in the Plan and the Plan Agreement, subject to all terms and conditions of the Policy and to all
liens, if any, which the Insurer may have against the Policy. 
  
 PURPOSE 
  
 This Endorsement grants the Endorsee a right to name
the Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under the above Policy until the Endorsement Termination Date, in an amount specified below and does not give the Endorsee any other rights.

  
 This Endorsement shall cease to be effective or operative upon the Endorsement
Termination Date which shall occur upon the first to occur of any of the following if the Executive elects and has the Post-Retirement Death Benefit provided for in Section 6(c)(i) of the Plan in effect after his termination of employment or
otherwise which shall occur on the date of the Executive’s termination of employment: 
  

	A.	Termination of Executive’s employment by the Company other than (i) by reason of death, (ii) by reason of a disability that the Administrative Committee under the
Massey Executives’ Supplemental Benefit Plan (the “Plan”) determines is a Disability as that term is defined in the Plan or (iii) pursuant to an Approved Early Retirement as that term is defined in the Plan;


  

	B.	The second anniversary of a termination of Executive’s employment by the Company by reason of a disability that the Administrative Committee under the Plan determines is a
Disability as that term is defined in the Plan, unless the Executive is granted an Approved Early Retirement under the Plan; 

  

	C.	The Executive both (i) is granted an Approved Early Retirement under the Plan and (ii) attains age 65; or 

  

	D.	The Company elects to terminate this agreement, provided, however, that no such election shall constitute an Endorsement Termination Date if as of the date of such election the
Executive both (i) has previously been granted an Approved Early Retirement under the Plan and (ii) has not yet attained age 65. 

  
 Schedule A-2 







 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement - Schedule A-2 
  
 BENEFICIARIES 
  

	A.	The Endorsee’s designated Beneficiary shall be the primary Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under this
Schedule A-1, which amount is the amount of the Policy’s net death proceeds equal to $1,500,000 or the Policy’s entire net death proceeds, if less. 

  

	B.	Any remaining net death proceeds under the Policy shall be paid to the Owner. 

  

AGREEMENT 
  
 The undersigned hereby agree that the Insurer may rely on the Owner’s written statement of the amount due to be paid to the Beneficiaries upon death of the Insured.
Upon payment of the death proceeds based on such a statement, the Insurer shall be fully released under the Policy and the respective Beneficiaries shall indemnify the Insurer to that effect. This Endorsement shall be binding upon the parties and
their successors, heirs, assigns, devisees, personal representatives and other legal representatives. Insurer will not be liable for any action it takes before this Endorsement is received and acknowledged at the Insurer’s home office. In the
event of any conflict between this Endorsement and the terms in the Plan or Plan Agreement, this Endorsement shall prevail. 
  
 If signing for an entity, the undersigned represents that he or she has authority to bind the entity. 
  

					
	 Don L. Blankenship

	 	 	 	 A. T. Massey Coal Company, Inc.


	ENDORSEE (Print Name of Executive)	 	 	 	OWNER (Print name of Company)
			
	  

	 	 	 	  


	SIGNATURE OF ENDORSEE	 	 	 	 AUTHORIZED SIGNATURE OF COMPANY
 (and if an entity
print title of authorized signor)

			
	  

	 	 	 	  


			
	  

	 	 	 	  


	ADDRESS	 	 	 	ADDRESS

  
  

  
 Filed at the Home Office of the Insurer this     
day of                 , 200  . The Insurer assumes no responsibility for the validity of the contents of this document. 
  

			
	 By:
	 	  




  
 Schedule A-2








 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement - Schedule A-3 
  
 ENDORSEMENT 
  

											
	Owner:	 	A. T. Massey Coal Company, Inc.	  	(named Subsidiary),
	 	 	And its successors and assigns	  	 
			
	Endorsee:	 	Don L. Blankenship	  	(Executive),
	 	 	And his/her successors and assigns	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Insurer:	 	Pacific Mutual Life Insurance Company	 	            	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Policy No:  	 	1A23182000	 	_________________________	  	 
				
	Insured:	 	Don L. Blankenship	 	 	  	 

  
 In consideration of the Plan Agreement
(the “Agreement”) entered into between the Massey Energy Company (the “Company”) and Endorsee, Owner and Endorsee agree as follows: 
  
 The above numbered Policy is subject to the Endorsement as specified in the Plan and the Plan Agreement, subject to all terms and conditions of the Policy and to all
liens, if any, which the Insurer may have against the Policy. 
  
 PURPOSE 
  
 This Endorsement grants the Endorsee a right to name
the Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under the above Policy until the Endorsement Termination Date, in an amount specified below and does not give the Endorsee any other rights.

  
 This Endorsement shall cease to be effective or operative upon the Endorsement
Termination Date which shall occur upon the first to occur of any of the following if the Executive elects and has the Post-Retirement Death Benefit provided for in Section 6(c)(i) of the Plan in effect after his termination of employment or
otherwise which shall occur on the date of the Executive’s termination of employment: 
  

	A.	Termination of Executive’s employment by the Company other than (i) by reason of death, (ii) by reason of a disability that the Administrative Committee under the
Massey Executives’ Supplemental Benefit Plan (the “Plan”) determines is a Disability as that term is defined in the Plan or (iii) pursuant to an Approved Early Retirement as that term is defined in the Plan;


  

	B.	The second anniversary of a termination of Executive’s employment by the Company by reason of a disability that the Administrative Committee under the Plan determines is a
Disability as that term is defined in the Plan, unless the Executive is granted an Approved Early Retirement under the Plan; 

  

	C.	The Executive both (i) is granted an Approved Early Retirement under the Plan and (ii) attains age 65; or 

  

	D.	The Company elects to terminate this agreement, provided, however, that no such election shall constitute an Endorsement Termination Date if as of the date of such election the
Executive both (i) has previously been granted an Approved Early Retirement under the Plan and (ii) has not yet attained age 65. 

  
 Schedule A-3 







 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement - Schedule A-3 
  
 BENEFICIARIES 
  

	A.	The Endorsee’s designated Beneficiary shall be the primary Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under this
Schedule A-1, which amount is the amount of the Policy’s net death proceeds equal to $500,000 or the Policy’s entire net death proceeds, if less. 

  

	B.	Any remaining net death proceeds under the Policy shall be paid to the Owner. 

  

AGREEMENT 
  
 The undersigned hereby agree that the Insurer may rely on the Owner’s written statement of the amount due to be paid to the Beneficiaries upon death of the Insured.
Upon payment of the death proceeds based on such a statement, the Insurer shall be fully released under the Policy and the respective Beneficiaries shall indemnify the Insurer to that effect. This Endorsement shall be binding upon the parties and
their successors, heirs, assigns, devisees, personal representatives and other legal representatives. Insurer will not be liable for any action it takes before this Endorsement is received and acknowledged at the Insurer’s home office. In the
event of any conflict between this Endorsement and the terms in the Plan or Plan Agreement, this Endorsement shall prevail. 
  
 If signing for an entity, the undersigned represents that he or she has authority to bind the entity. 
  

			
	 Don L. Blankenship

	 	 A. T. Massey Coal Company, Inc.


	ENDORSEE (Print Name of Executive)	 	OWNER (Print name of Company)
		
	  

	 	  


	SIGNATURE OF ENDORSEE	 	AUTHORIZED SIGNATURE OF COMPANY
	 	 	(and if an entity print title of authorized signor)
		
	  

	 	  


		
	  

	 	  


	ADDRESS	 	ADDRESS
	
	  


	  
 ACKNOWLEDGED AND ACCEPTED
	 	 
		
	  

	 	 Date:



  
 Filed at the Home Office of the
Insurer this      day of                     , 200  . The Insurer assumes no responsibility for
the validity of the contents of this document. 
  

	
	  




  

 Schedule A-3 








 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement - Schedule A-4 
  
 ENDORSEMENT 
  

											
	Owner:	 	A. T. Massey Coal Company, Inc.	  	(named Subsidiary),
	 	 	And its successors and assigns	  	 
			
	Endorsee:	 	Don L. Blankenship	  	(Executive),
	 	 	And his/her successors and assigns	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Insurer:	 	Pacific Mutual Life Insurance Company	 	            	  	 
	 	 	 	 	 	 	 	 	 	  	 
	Policy No:  	 	1A23467200	 	_________________________	  	 
				
	Insured:	 	Don L. Blankenship	 	 	  	 

  
 In consideration of the Plan Agreement
(the “Agreement”) entered into between the Massey Energy Company (the “Company”) and Endorsee, Owner and Endorsee agree as follows: 
  
 The above numbered Policy is subject to the Endorsement as specified in the Plan and the Plan Agreement, subject to all terms and conditions of the Policy and to all
liens, if any, which the Insurer may have against the Policy. 
  
 PURPOSE 
  
 This Endorsement grants the Endorsee a right to name
the Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under the above Policy until the Endorsement Termination Date, in an amount specified below and does not give the Endorsee any other rights.

  
 This Endorsement shall cease to be effective or operative upon the Endorsement
Termination Date which shall occur upon the first to occur of any of the following if the Executive elects and has the Post-Retirement Death Benefit provided for in Section 6(c)(i) of the Plan in effect after his termination of employment or
otherwise which shall occur on the date of the Executive’s termination of employment: 
  

	A.	Termination of Executive’s employment by the Company other than (i) by reason of death, (ii) by reason of a disability that the Administrative Committee under the
Massey Executives’ Supplemental Benefit Plan (the “Plan”) determines is a Disability as that term is defined in the Plan or (iii) pursuant to an Approved Early Retirement as that term is defined in the Plan;


  

	B.	The second anniversary of a termination of Executive’s employment by the Company by reason of a disability that the Administrative Committee under the Plan determines is a
Disability as that term is defined in the Plan, unless the Executive is granted an Approved Early Retirement under the Plan; 

  

	C.	The Executive both (i) is granted an Approved Early Retirement under the Plan and (ii) attains age 65; or 

  

	D.	The Company elects to terminate this agreement, provided, however, that no such election shall constitute an Endorsement Termination Date if as of the date of such election the
Executive both (i) has previously been granted an Approved Early Retirement under the Plan and (ii) has not yet attained age 65. 

  

 Schedule A-4 








 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Plan Agreement - Schedule A-4 
  
 BENEFICIARIES 
  

	A.	The Endorsee’s designated Beneficiary shall be the primary Beneficiary of the Executive’s Pre-Retirement Death Benefit and Post-Retirement Death Benefit under this
Schedule A-1, which amount is the amount of the Policy’s net death proceeds equal to $1,500,000 or the Policy’s entire net death proceeds, if less. 

  

	B.	Any remaining net death proceeds under the Policy shall be paid to the Owner. 

  

AGREEMENT 
  
 The undersigned hereby agree that the Insurer may rely on the Owner’s written statement of the amount due to be paid to the Beneficiaries upon death of the Insured.
Upon payment of the death proceeds based on such a statement, the Insurer shall be fully released under the Policy and the respective Beneficiaries shall indemnify the Insurer to that effect. This Endorsement shall be binding upon the parties and
their successors, heirs, assigns, devisees, personal representatives and other legal representatives. Insurer will not be liable for any action it takes before this Endorsement is received and acknowledged at the Insurer’s home office. In the
event of any conflict between this Endorsement and the terms in the Plan or Plan Agreement, this Endorsement shall prevail. 
  
 If signing for an entity, the undersigned represents that he or she has authority to bind the entity. 
  

			
	 Don L. Blankenship

	 	 A. T. Massey Coal Company, Inc.


	ENDORSEE (Print Name of Executive)	 	OWNER (Print name of Company)
		
	  

	 	  


	SIGNATURE OF ENDORSEE	 	AUTHORIZED SIGNATURE OF COMPANY
	 	 	(and if an entity print title of authorized signor)
		
	  

	 	  


		
	  

	 	  


	ADDRESS	 	ADDRESS
	
	  



  
 Filed at the Home Office of the
Insurer this      day of                     , 200  . The Insurer assumes no responsibility for
the validity of the contents of this document. 
  

			
	 By:
	 	  




  

 Schedule A-4 








 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Option as to Form of Retirement Benefit - Schedule B

  
 The calculation of the Executive’s Lump Sum Benefit and Salary
Continuation Benefits is changed from that set out in the Plan to the following: 
  

	A.	Lump Sum Benefit Option. The “Lump Sum Benefit”, with respect to the Executive at a particular age, shall have the following meanings: 

  

	 	(i)	For a Normal Retirement, a lump sum cash benefit in an amount equal to the result of multiplying (A) the present value (actuarially computed as of the date of Normal Retirement
at a discount rate of 15% per annum, compounded annually) of the Post-Retirement Death Benefit that would be payable if elected as of the Executive’s actuarially projected date of death, by (B) two. 

  

	 	(ii)	For an Approved early Retirement, a lump sum cash benefit in an amount equal to the result of multiplying (A) the present value (actuarially computed as of the date of the
Executive’s termination of employment at a discount rate of 15% per annum, compounded annually) of the Post-Retirement Death Benefit that would be payable if elected as of the Executive’s actuarially projected date of death, by
(B) two. 

  

	B.	Salary Continuation Benefit Option. The “Salary Continuation Benefit”, with respect to the Executive at a particular age, shall have the following meanings:


  

	 	(i)	For a Normal Retirement, an amount per month for a period of 120 months which has present value (actuarially computed as of the date of Normal Retirement at a discount rate of
15% per annum, compounded annually) of the Lump Sum Benefit that would be payable if elected at the Executive’s Normal Retirement. 

  

	 	(ii)	For an Approved early Retirement, an amount per month for a period of 120 months which has present value (actuarially computed as of the date of the Executive’s termination of
employment at a discount rate of 15% per annum, compounded annually) of the Lump Sum Benefit that would be payable if elected at the Executive’s termination of employment. 

  
 [The rest of this page is intentionally blank.] 
  

 Schedule B 








 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Option as to Form of Retirement Benefit - Schedule B

  
 The following summarizes the anticipated amounts payable under the
available Forms of Retirement Benefit under the Plan. In this Schedule B, the age column represents the Executive’s age at the event which causes him or her to receive a Retirement Benefit under the Plan. 
  

										
	 Age

	  	 Post-Retirement
Death
 Benefit *

	  	Lump Sum
Benefit

	  	 Salary Continuation
Benefit
 (120 Monthly
Payments)


	 65
	  	$	4,000,000	  	$	1,130,629	  	$	18,241.00
	 64
	  	 	4,000,000	  	 	983,156	  	 	15,861.74
	 63
	  	 	4,000,000	  	 	983,156	  	 	15,861.74
	 62
	  	 	4,000,000	  	 	854,918	  	 	13,792.82
	 61
	  	 	4,000,000	  	 	743,407	  	 	11,993.75
	 60
	  	 	4,000,000	  	 	646,441	  	 	10,429.35
	 59
	  	 	4,000,000	  	 	562,123	  	 	9,069.01
	 58
	  	 	4,000,000	  	 	562,123	  	 	9,069.01
	 57
	  	 	4,000,000	  	 	488,802	  	 	7,886.08
	 56
	  	 	4,000,000	  	 	425,045	  	 	6,857.46
	 55
	  	 	4,000,000	  	 	369,605	  	 	5,963.02



	*	Prior to the Endorsement Termination Date, the Post-Retirement Death Benefit is a lump sum benefit payable by the Insurer to the Executive’s named Beneficiary(ies) as described
in the Plan as the same may be modified in the Executive’s Plan Agreement. On or after the Endorsement Termination Date, the Post-Retirement Death Benefit is a lump sum taxable benefit payable by the Company to the Executive’s named
Beneficiary as described in the Plan. 

  
 Schedule B








 MASSEY ENERGY 
 Massey
Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005) 
 Beneficiary Designation and Spousal Consent Form -
Schedule C 
  
 [not provided] 
  
 Schedule C