Document:

Exhibit 10-O

                DEFERRED REMUNERATION PLAN FOR OUTSIDE DIRECTORS
                                  OF GPU, INC.

               (AS AMENDED AND RESTATED EFFECTIVE AUGUST 8, 2000)

1.  Purpose
    --------

      1.1   The  purpose  of  this   document  is  to  set  forth  the  Deferred
            Remuneration  Plan for Outside  Directors,  as amended and  restated
            effective August 8, 2000. The Plan will be implemented by individual
            elections by each Director

2.  Plan Summary
    ------------

      2.1   This Plan  provides for deferral by Directors of all or a portion of
            current  Remuneration 1.2 Funds being deferred will be credited with
            the equivalent of interest in accordance with Section 6.

      2.3    Each  component  of the  deferred  funds  will  be  distributed  as
             follows:  (a) for a Director  who elects  deferral  until a date or
             dates  following  his  or  her  Retirement,  to  the  Director,  in
             accordance  with his or her latest  effective  election.  (b) for a
             Director who elects deferral until a date or dates preceding his or
             her  Retirement,  to the Director,  in  accordance  with his or her
             initial  election;  or (c) if a Director  dies before the  deferred
             funds  have  been  fully  distributed,  to his  or  her  designated
             beneficiary,  in  accordance  with the  option  in  effect  for the
             Director under Section 7.2 for each  component  except as the Board
             may otherwise determine, based on the circumstances at the time the
             distribution is to commence.

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3.    Definition of Terms
      -------------------

      3.1   Account  - refers to both  Pre-Retirement  and  Retirement  Accounts
            established for Directors unless specifically  designated one or the
            other in the text of this Plan.

      3.2   Board of Directors - refers to the Board of Directors of GPU, Inc.

      3.3   Change in Control - A "Change in Control"  shall mean the occurrence
            during the term of the Plan of:

            (1)  An  acquisition  (other  than  directly  from  GPU,  Inc.  (the
            "Corporation"))  of any  common  stock of the  Corporation  ("Common
            Stock") or other voting  securities of the  Corporation  entitled to
            vote generally for the election of directors of the Corporation (the
            "Voting Securities") by any "Person" (as the term person is used for
            purposes of Section 13(d) or 14(d) of the Securities Exchange Act of
            1934, as amended (the "Exchange Act")), immediately after which such
            Person has "Beneficial  Ownership" (within the meaning of Rule 13d-3
            promulgated  under the Exchange Act) of twenty percent (20%) or more
            of the then  outstanding  shares  of  Common  Stock or the  combined
            voting  power  of  the   Corporation's   then   outstanding   Voting
            Securities;  provided,  however,  in determining whether a Change in
            Control has  occurred,  Voting  Securities  which are  acquired in a
            "Non-Control   Acquisition"  (as  hereinafter   defined)  shall  not
            constitute an acquisition  which would cause a Change in Control.  A
            "Non-Control  Acquisition"  shall  mean  an  acquisition  by  (A) an
            employee benefit plan (or a trust forming a part thereof) maintained
            by (i) the  Corporation  or (ii) any  corporation or other Person of
            which a majority of its voting power or its voting equity securities
            or  equity  interest  is  owned,  directly  or  indirectly,  by  the
            Corporation (for purposes of this definition,  a "Subsidiary"),  (B)
            the Corporation or its Subsidiaries, or (C) any Person in connection
            with a "Non-Control Transaction" (as hereinafter defined);

            (2) The  individuals  who, as of August 1, 1996,  are members of the
            Board of Directors (the "Incumbent Board"),  cease for any reason to
            constitute  at least  seventy  percent  (70%) of the  members of the
            Board of Directors;  provided,  however,  that if the  election,  or

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            nomination for election by the  Corporation's  shareholders,  of any
            new director was  approved by a vote of at least  two-thirds  of the
            Incumbent Board, such new director shall, for purposes of this Plan,
            be considered as a member of the Incumbent Board;  provided further,
            however,  that no  individual  shall be  considered  a member of the
            Incumbent  Board if such  individual  initially  assumed office as a
            result of either an actual  or  threatened  "Election  Contest"  (as
            described  in Rule 14a-11  promulgated  under the  Exchange  Act) or
            other actual or threatened solicitation of proxies or consents by or
            on  behalf of a Person  other  than the  board of  directors  of the
            Corporation (a "Proxy Contest") including by reason of any agreement
            intended to avoid or settle any Election  Contest or Proxy  Contest;
            or

(3)     The consummation of:

                        (A) A merger,  consolidation or reorganization with or
            into the  Corporation or in which  securities of the Corporation are
            issued,  unless such merger,  consolidation or  reorganization  is a
            "Non-Control  Transaction." A "Non-Control Transaction" shall mean a
            merger, consolidation or reorganization with or into the Corporation
            or in which securities of the Corporation are issued where:

                            (i) the shareholders of the Corporation, immediately
            before such merger, consolidation or reorganization, own directly or
            indirectly  immediately  following  such  merger,  consolidation  or
            reorganization,  at least sixty percent (60%) of the combined voting
            power  of the  outstanding  voting  securities  of  the  corporation
            resulting from such merger or consolidation or  reorganization  (the
            "Surviving  Corporation")  in  substantially  the same proportion as
            their  ownership of the Voting  Securities  immediately  before such
            merger, consolidation or reorganization,

                            (ii)  the   individuals  who  were  members  of  the
            Incumbent Board  immediately prior to the execution of the agreement
            providing   for  such  merger,   consolidation   or   reorganization
            constitute  at least  seventy  percent  (70%) of the  members of the
            board of directors of the Surviving  Corporation,  or a corporation,
            directly or indirectly, beneficially owning a majority of the Voting
            Securities of the Surviving Corporation, and

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                            (iii) no Person other than (w) the Corporation,  (x)
                     any Subsidiary, (y) any employee benefit plan (or any trust
                     forming a part  thereof)  that,  immediately  prior to such
                     merger  consolidation or reorganization,  was maintained by
                     the  Corporation  was maintained by the  Corporation or any
                     Subsidiary,  or (z) any Person  who,  immediately  prior to
                     such merger, consolidation or reorganization had Beneficial
                     Ownership  of  twenty  percent  (20%)  or more of the  then
                     outstanding  Voting  Securities  or  common  stock  of  the
                     Corporation,  has  Beneficial  Ownership of twenty  percent
                     (20%) or more of the combined voting power of the Surviving
                     Corporation's  then  outstanding  voting  securities or its
                     common stock;

                    (B)  A  complete   liquidation   or   dissolution   of  the
                    Corporation; or

                    (C) The sale or other  disposition  of all or  substantially
            all of the assets of the  Corporation  to any Person  (other  than a
            transfer to a Subsidiary).  Notwithstanding the foregoing,  a Change
            in Control  shall not be deemed to occur  solely  because any Person
            (the "Subject  Person") acquired  Beneficial  Ownership of more than
            the permitted amount of the then outstanding  Common Stock or Voting
            Securities as a result of the  acquisition of Common Stock or Voting
            Securities  by the  Corporation  which,  by  reducing  the number of
            shares  of  Common  Stock or  Voting  Securities  then  outstanding,
            increases the proportional  number of shares  Beneficially  Owned by
            the Subject Person, provided that if a Change in Control would occur
            (but  for  the  operation  of  this  sentence)  as a  result  of the
            acquisition  of shares of Common Stock or Voting  Securities  by the
            Corporation,  and after such share  acquisition by the  Corporation,
            the Subject Person  becomes the  Beneficial  Owner of any additional
            shares of Common  Stock or Voting  Securities  which  increases  the
            percentage of the then outstanding  shares of Common Stock or Voting
            Securities  Beneficially Owned by the Subject Person,  then a Change
            in Control shall occur.

      3.4   Committee - refers to the  Personnel,  Compensation  and  Nominating
            Committee of the Corporation.

      3.5   Director - refers to a member of the Board of  Directors  who is not
            an employee of the Corporation or any of its subsidiaries.

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      3.6   Plan -  refers  to this  Deferred  Remuneration  Plan  for  Outside
            Directors as described in this document and as it may be amended in
            the future.

      3.7   Remuneration  - refers to all cash amounts  earned during a calendar
            year by a Director for services  performed as a Director  (including
            services  performed  as a  member  of a  committee  of the  Board of
            Directors),  but does not include consulting fees, reimbursement for
            travel  or other  expenses  or  Corporation  contributions  to other
            benefit plans.

      3.8   Pre-Retirement  Account - refers  to the  memorandum  account  which
            shall be  established  and  maintained  for a Director  who  elects,
            pursuant to Section  5.2,  to have  payment of any portion of his or
            her  Remuneration  for any Plan Year deferred to a date prior to his
            or her  Retirement.  A  separate  Pre-Retirement  Account  shall  be
            established and maintained for the  Remuneration  for each Plan Year
            which the Director so elects to defer.

      3.9   Retirement Account - refers to the memorandum account which shall be
            established  and maintained  for a Director who elects,  pursuant to
            Section  5.2,  to  have  payment  of  any  portion  of  his  or  her
            Remuneration  for any Plan Year  deferred to a date after his or her
            Retirement.  All amounts  deferred  pursuant to elections made on or
            before December 31, 1985 under the Plan by a Director, together with
            all  interest  equivalents  earned by such  election and credited to
            such amounts  prior to December 31,  1986,  shall be treated,  on or
            after such date, as part of the Director's Retirement Account.

      3.10  Retirement - refers to the  retirement  from service on the Board of
            Directors,  on account of  resignation,  death, or any other reason,
            without  becoming  an  employee  of  the  Corporation  or any of its
            subsidiaries.

      3.11  Plan Year - refers to the period  October 1, 1986  through  December
            31,  1986;  and each twelve (12) month period from January 1 through
            December 31 thereafter.

4.    Administration
      --------------

      4.1   The Board of  Directors  has  established  this  Plan.  The Board of
            Directors may in its sole  discretion  modify the  provisions of the
            Plan from time-to-time, or, may terminate the entire Plan at any

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            time; provided, however, that Section 3.3, this Section 4.1, Section
            4.4, the last  sentence in the first  paragraph of Section 6 and the
            last  paragraph in Section 7.2 may not be amended or  modified,  and
            the Plan may not be terminated,  (i) at the request of a third party
            who has  indicated an intention or taken steps to effect a Change in
            Control and who effectuates a Change in Control, (ii) within six (6)
            months prior to, or otherwise in connection with, or in anticipation
            of, a Change in Control  which has been  threatened  or proposed and
            which actually  occurs,  or (iii) following a Change in Control,  if
            the amendment,  modification  or termination  adversely  affects the
            rights  of  any  Director  under  the  Plan.  No   modification   or
            termination  of the Plan  shall  adversely  affect the rights of any
            Director  with  respect to any amounts  standing  to the  Director's
            credit in any Account  immediately prior to the date of the adoption
            of such modification or termination,  including  without  limitation
            any rights with respect to the time and method of payment of, or the
            crediting of interest equivalents with respect to, any such amounts

      4.2   Responsibility for the ongoing administration of this Plan rests
            with the Committee.

      4.3   The Committee may delegate the daily  administration  of this Plan,
            including  the  maintenance  of  appropriate   records,   receiving
            notifications,    making   filings,    and   maintaining    related
            documentation,  to the  Vice  President  - Human  Resources  of GPU
            Service,  Inc. and to the Vice  President's  staff or to any one or
            more other officers or employees of GPU Service,  Inc. or any other
            subsidiary of GPU, Inc.

      4.4   All  questions  concerning  the Plan,  as well as any  dispute  over
            accounting or  administrative  procedures or  interpretation  of the
            Plan,  will be resolved  at the sole  discretion  of the  Committee,
            except  that no member of the  Committee  shall  vote on any  matter
            which  affects  that  member  but  not  all  other  members  of  the
            Committee.  Notwithstanding the foregoing, any determination made by
            the  Committee  after the  occurrence  of a Change in  Control  that
            denies  in whole or in part any  claim  made by any  individual  for
            benefits under the Plan shall be subject to judicial review, under a
            "de novo", rather than a deferential, standard.

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      4.5   All provisions of this Plan, its administration and  interpretation,
            are intended to be in compliance with  appropriate  Internal Revenue
            Service Rulings and judicial  decisions  regarding the  construction
            and operation of a deferred  compensation  program, so that deferred
            Remuneration  and interest  equivalents  thereon will not constitute
            income constructively  received prior to being distributed under the
            terms of this Plan.

      4.6   A Director's election to voluntarily defer  Remuneration,  selection
            of a distribution  commencement  date and distribution  option,  and
            designation  of  a  beneficiary  and  contingent  beneficiary,  made
            pursuant to this Plan shall be made in writing,  on a form furnished
            to the Director by the  Corporation  for such  purposes,  signed and
            delivered personally or by first class mail to:

                    Corporate Secretary
                    GPU, Inc.
                    300 Madison Avenue
                    Morristown, New Jersey 07962

            Any such election, selection,  designation, or change therein, shall
            not become  effective  unless and until  received  by the  Corporate
            Secretary.   Subject  to  Section  7.2  and  9(a),  a  change  in  a
            distribution  election made by a Director  after April 30, 1987 will
            not be effective unless made at least  twenty-four (24) months prior
            to the Director's Retirement or Disability.

5.    Deferral Election
      -----------------

      5.1   A  Director  may  elect to defer  all or any  portion  of his or her
            Remuneration  for any Plan  Year,  providing  such  portion is three
            thousand  dollars  ($3,000) or more.  A separate  deferral  election
            shall be made with  respect to a  Director's  Remuneration  for each
            Plan Year.  An election to defer  Remuneration  for the 1986 amended
            Plan Year shall be made on or prior to September  30. In  subsequent
            years,  the election  shall be made on or before  December 31 of the
            year preceding the Plan Year.  Notwithstanding,  the foregoing,  (a)
            Directors  who are  initially  elected  prior to December 1st of any
            Plan  Year  may,  within 30 days of such  initial  election,  make a
            deferral  election for the then current Plan Year, and (b) Directors
            who are initially  elected  after  December 1st of any Plan Year may
            immediately make a deferral election for both the then current Plan

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            Year  and  for  the  immediately  succeeding  Plan  Year;  provided,
            however,  that any deferral  election made pursuant to clause (a) or
            (b) hereof  shall be  effective  only with  respect to  Remuneration
            earned after such election has become effective. All elections under
            this Section 5.1 shall be irrevocable.

      5.2   In his or her  election to defer  Remuneration  for any Plan Year, a
            Director shall specify the amount or portion of the  Remuneration to
            be deferred, and shall indicate whether the Remuneration so deferred
            is to be credited to a  Pre-Retirement  Account,  or to a Retirement
            Account.

      5.3   With  respect to  Remuneration  deferred  hereunder  for a Plan Year
            which  a   Director   elects  to  have   credited   to  his  or  her
            Pre-Retirement  Account,  the Director shall specify in the election
            form the date on which  distribution of the  Pre-Retirement  Account
            shall be made or commence.  The date so selected shall be no earlier
            than 24 months from the close of the Plan Year. In the election form
            for the Plan Year,  the  Director  shall also select an option under
            Section  7.2 for the  distribution  of the  Pre-Retirement  Account.
            Except as provided in Section  7.2 or 9(a),  the date so  specified,
            and the option so  selected,  may not  thereafter  be changed by the
            Director.

      5.4   With respect to any Remuneration deferred hereunder which a Director
            elects  to  have  credited  to his or her  Retirement  Account,  the
            Director shall, at the time he or she first elects to have an amount
            credited to that  account,  also elect a  distribution  commencement
            date  and  a   distribution   option  under   Section  7.2  for  the
            distribution of the Retirement  Account.  A Director may, subject to
            the  provisions  of  Section  4.6,  change  any  election  as to the
            distribution  commencement  date  and  distribution  option  for the
            Retirement Account previously made by the Director. The distribution
            commencement  date so  elected  shall be  either  January  15 of the
            calendar year following the Director's Retirement,  or January 15 of
            any subsequent calendar year.

      5.5   In the case of a Director  who,  prior to  January  1, 1986,  made a
            deferral  election  under  the  Plan  with  respect  to  his  or her
            Remuneration for the calendar year 1986, any deferral  election made
            by the Director hereunder with respect to the period commencing

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            October 1, 1986 and ending December 31, 1986 shall be effective, for
            that period,  only with respect to the excess, if any, of the amount
            he or she so  elects  to defer for said  period  over the  amount of
            Remuneration  for said period  deferred  pursuant to the  Director's
            prior election.

      5.6   The amounts which are deferred, including interest equivalents, will
            be credited to a  Director's  Account.  Prior to  distribution,  all
            amounts deferred  including  interest  equivalents,  will constitute
            general assets of the Corporation for use as it deems necessary, and
            will be  subject  to the claims of the  Corporation's  creditors.  A
            Director shall have the status of a mere  unsecured  creditor of the
            Corporation  with respect to his or her right to receive any payment
            under the Plan.  The Plan  shall  constitute  a mere  promise by the
            Corporation to make payments in the future of the benefits  provided
            for herein.  It is intended that the arrangements  reflected in this
            Plan be treated as unfunded for tax purposes.

6.    Interest
      --------

      Interest  equivalents,  compounded  monthly on deposits treated as monthly
      transactions,  will be credited at the end of each quarter in the calendar
      year.  Such credit will be made to the balance of each account  maintained
      for a Director hereunder,  including the undistributed balance of any such
      account from which payments are being made in installments.  The rate used
      in calculation of interest equivalents will be no less than the rate equal
      to the simple  average of  Citibank  N.A.  of New York Prime Rates for the
      last business day of each of the three months in the calendar  quarter or,
      if  greater,  such  other  rate as  established  from  time to time by the
      Committee.

      The  Corporation  may,  but  shall not be  required  to,  purchase  a life
      insurance  policy,  or  policies,  to assist  it in  funding  its  payment
      obligations under the Plan. Any policy, or policies,  so purchased,  shall
      at all times remain the exclusive  property of the Corporation and subject
      to the claims of its creditors.  Neither the Director nor any  beneficiary
      or  contingent  beneficiary  designated  by the  Director  shall  have any
      interest in, or rights with respect to such policy.

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7.    Distribution of Deferred Funds
      ------------------------------

      7.1   A Director's  Pre-Retirement  Account  shall be  distributed  to the
            Director,  or distributions from such Pre-Retirement  Accounts shall
            commence,  on the date or dates  specified in the elections  made by
            the Director with respect to such accounts. A Director's  Retirement
            Account shall be distributed to the Director,  or distributions from
            such Retirement Account shall commence, on the date specified in the
            Director's latest effective election.

      7.2   The options for distribution are:

             (a) A single lump sum payment.

             (b) Annual  Installments over any fixed number of years selected by
             the Director,  with a minimum of five annual installments  required
             for the Retirement Account.

             (c) Other option,  in equal or unequal  payments,  as specifically
            approved by the Committee.  If distribution of a Director's  Account
            is to be made in annual  installments  under  Option  (b) of Section
            7.2, the amount of each  installment  will equal the total amount in
            said Account on the date the installment is payable,  divided by the
            number of  installments  remaining to be paid.  In addition,  if the
            distributions  are made in installments  under Option (b) of Section
            7.2, the interest equivalent accrued on each Account each year after
            the date the first  installment  is payable will be  distributed  on
            each anniversary of such date.

            Notwithstanding  any other optional form of distribution or date for
            the payment  (or  commencement  of  payment)  of benefits  otherwise
            elected or provided for hereunder,  each Director shall be permitted
            to make  either one or both of the  following  special  distribution
            elections:  (x) to have the entire  balance  of his or her  Accounts
            distributed in the form of a single lump sum payment in the event of
            the  Director's  Retirement  upon  the  occurrence  of a  Change  in
            Control,  or (y) if a Change in Control  occurs after the Director's
            Retirement  but before all payments  with respect to the balances of
            his or her Accounts have been made in accordance with the Director's
            elections under Sections 5.3 and 5.4, to have the entire

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            balance of each of his Accounts  that remains  unpaid at the time of
            such Change in Control  distributed in the form of a single lump sum
            payment.  Subject  to  Section  9(a),  any  such  election  shall be
            effective  only if it is made at least  twelve (12) months  prior to
            such Change in Control and prior to the Director's  Retirement.  Any
            special  election made under clause (x) or (y) above may be revoked,
            and a new  special  election  may be made  thereunder  at any  time;
            provided, however, that any such revocation or new election shall be
            effective  only if it is made  within  the period  specified  in the
            preceding sentence, or within such other period as may be applicable
            under Section 9(a). Any special election, or revocation of a special
            election, that may be made hereunder shall be made in the manner set
            forth in Section 4.6. The lump sum payment to be made  pursuant to a
            Director's  special  election  hereunder shall be made {by} no later
            than  thirty  (30)  days   following  the  date  of  the  Director's
            Retirement  or, in the case of a special  election  under clause (y)
            above, the date of the Change in Control.

      7.3   Except  as  the  Committee  may  otherwise  determine  based  on the
            circumstances  at the time the distribution to the beneficiary is to
            commence

             (a) If a Director  should die after  distribution of his / her
            Account  maintained for the Director has  commenced,  but before the
            entire  balance  has  been  fully  distributed,  distributions  will
            continue  to be made to the  Director's  designated  beneficiary  or
            contingent  beneficiary,  in accordance with the distribution option
            in effect for such Account at the time of the Director's death.

             (b) If a  Director  should  die  before  any  distribution  from an
            Account  maintained for the Director  hereunder has been made to him
            or her,  distribution  to the Director's  designated  beneficiary or
            contingent  beneficiary shall be made, or shall commence, as soon as
            practicable  after the  Director's  death,  in  accordance  with the
            distribution  option in effect  for such  Account at the time of the
            Director's death.

            Amounts  remaining to be paid,  after the death of the Director,  to
            the designated beneficiary and the contingent  beneficiary,  will be
            paid in a lump sum to the estate of the last of such persons to die.

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      7.4   Notwithstanding   anything  herein  to  the  contrary,  any  Account
            maintained for a Director hereunder may be distributed,  in whole or
            in part, to such Director on any date earlier than the date on which
            distribution is to be made, or commence,  pursuant to the Director's
            election if: (a) the Director requests early  distribution,  and (b)
            the  Committee,  in  its  sole  discretion,  determines  that  early
            distribution  is  necessary  to help the  Director  meet some severe
            financial  need  arising  from  circumstances  which were beyond the
            Director's  control and which were not  foreseen by the  Director at
            the  time he or she made the  election  as to the date or dates  for
            distribution.  A request  by a  Director  for an early  distribution
            shall be made in writing,  shall set forth sufficient information as
            to  the  Director's  needs  for  such  distribution  to  enable  the
            Committee to take action on his or her request,  and shall be mailed
            or delivered to the Corporation's Corporate Secretary.

8.    Non-Assignment of Deferred Remuneration
      ---------------------------------------

      8.1   A Director's rights to payments under this Plan shall not be subject
            to any manner to  anticipation,  alienation,  sale,  transfer (other
            than transfer by will or by the laws of descent and distribution, in
            the  absence  of a  beneficiary  designation),  assignment,  pledge,
            encumbrance,  attachment or garnishment by creditors of the Director
            or his or her spouse or other beneficiary.

      8.2   All amounts paid under the Plan,  including the interest equivalents
            credited to a Director's Account, are considered to be Remuneration.
            The  crediting of interest  equivalents  is intended to preserve the
            value of the Remuneration so deferred for the Director.

9.    Additional Change in Control Provisions

      In the event of a Change in Control,  the provisions set forth below shall
      apply, notwithstanding any other provisions of the Plan to the contrary.

      (a) The regular distribution elections provided for under Section 5.4 with
      respect to a Director's  Retirement  Account and any special  distribution

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      election  provided  for under  Section  7.2 with  respect to a  Director's
      Pre-Retirement and Retirement Accounts may be made by a Director,  and any
      such  election  previously  made by a Director  may be  revoked  and a new
      election made by the Director under such Sections,  at any time during the
      period  beginning  on  the  date  of any  agreement  entered  into  by the
      Corporation  which provides for the occurrence of one or more transactions
      which, if consummated, would constitute a Change in Control, and ending on
      the 45th day after  such date (the  "Window  Period").  Any  election,  or
      revocation of an election,  that may be made pursuant to this Section 9(a)
      shall be made in the manner set forth in Section  4.6.  Any  election,  or
      revocation of an election  under Section 5.4 that is made pursuant to this
      Section 9(a) shall be effective only if the  transactions  provided for in
      the agreement referred to in the preceding sentence are consummated.

      (b) In the  case  of any  Director  whose  Retirement  has  not  otherwise
      occurred prior to a Change in Control, such Director's Retirement shall be
      treated, for purposes of this Plan, as occurring on the date on which such
      Change in Control occurs,  unless an election under (c) below is in effect
      for the Director at the time of such Change in Control.

      (c) During the Window  Period or on any date  thereafter  that is at least
      one year prior to the date on which a Change in Control occurs, a Director
      may make an election  under this Section 9(c) pursuant to which,  if he or
      she is  designated  to  serve  as a  member  of the  Successor  Board  (as
      hereinafter defined)  immediately  following the occurrence of a Change in
      Control, the Director's  Retirement under this Plan will not be treated as
      occurring  on the date of the  Change  in  Control  but  instead,  will be
      treated as  occurring  on the date on which his or her service as a member
      of the Successor  Board  terminates  for any reason.  For purposes of this
      Section 9, the term "Successor Board" shall mean the board of directors of
      the  corporation  described  in Section  9(e)(i).  An election  under this
      Section 9(c) shall be made in the manner set forth in Section 4.6.

      (d) In the case of any Director for whom an election under Section 9(c) is
      in effect at the time of a Change in Control,  the  Director's  Retirement
      Account shall become payable upon his or her Retirement  subsequent to the
      Change in Control.  Payment of such benefits  shall be made at the time or
      times,  and in the form,  specified  in the  election  in  effect  for the
      Director under Section 5.3 at the time of his or her retirement.

                                       13

<PAGE>

      (e) With respect to all periods  subsequent to the  occurrence of a Change
      in Control, the following terms shall have the following meanings:

                  (i)      the term "Corporation" shall refer to the corporation
                           whose   acquisition   of  the  Common  Stock  of  the
                           Corporation or  substantially  all of its assets,  or
                           whose  merger  with the  Corporation,  results in the
                           occurrence of the Change in Control;

                  (ii)     the  term  "Board  of  Directors"  shall refer to the
                           Successor Board;

                  (iii)    the term "Committee"  shall refer to the committee of
                           the Successor Board that has  responsibility  for the
                           administration  of the Plan after the  occurrence  of
                           the Change in Control; and

                  (iv)     the term "Remuneration" shall not include any amounts
                           earned by a  Director  for  services  performed  as a
                           member of the Successor  Board,  unless the Successor
                           Board otherwise determines.

                                       14Exhibit 10W

                             STOCK OPTION AGREEMENT

      THIS AGREEMENT made as of this -------- day of ------------, 2000, by
and between GPU, Inc. (the "Corporation") and ------------(the "Recipient"):

      WHEREAS,  the  Corporation  maintains the 1990 Stock Plan for Employees of
GPU, Inc. and Subsidiaries (the "Plan") under which the Personnel,  Compensation
and  Nominating   Committee  of  the  Corporation's   Board  of  Directors  (the
"Committee")  may, among other things,  grant options to purchase  shares of the
Corporation's  common  stock  to  such  employees  of the  Corporation  and  its
Subsidiaries as the Committee may determine,  subject to such terms,  conditions
or restrictions as it may deem appropriate;

      WHEREAS, pursuant to the Plan, the Committee has granted a stock option to
the Recipient  subject to the terms and conditions set forth in this  Agreement;
and

      WHEREAS,  the Plan  requires that the grant of a stock option be evidenced
by a written  agreement between the Corporation and the Recipient which contains
such restrictions, terms and conditions as the Committee may require;

      NOW, THEREFORE, the parties hereto agree as follows:

      1.      Date of Grant.  This Agreement evidences the grant by the
Committee to the Recipient, on  ------------------------  , 2000 (the "Date
of Grant") of an option (the "Option") to purchase ------------- shares of
common stock of the Corporation ("Shares").

      2.      Purchase Price.  The price at which any Shares may be purchased
pursuant to any exercise of this Option shall be $-----------(1) per Share.

      3.  Exercisability.  This Option shall become  exercisable  in three equal
annual installments, beginning on the first anniversary of the Date of Grant and
continuing  each year through the third  anniversary of the Date of Grant.  Each
annual  installment  shall  include a number of Shares  equal to  33-1/3% of the
total number of Shares specified in Section 1 above. As of any date, the portion
of this Option that is then exercisable,  and the portion of this Option that is

--------------------

(1)   Insert amount equal to 100% of per share closing price of GPU shares on
      the Date of Grant.

<PAGE>

not yet  exercisable as of such date, are referred to herein,  respectively,  as
the "Exercisable Portion", and the "Non-Exercisable Portion", of this Option.

      4. Option  Term.  The term of this  Option  ("Option  Term")  shall be the
period  beginning  on the  Date of Grant  and  ending  on the  10th  anniversary
thereof.  Subject  to the  provisions  of  Sections  5, 8 and 11 hereof  and the
applicable  provisions  of the Plan,  this Option may be  exercised  at any time
during the Option Term to purchase any part or all of the Shares included in the
Exercisable  Portion  of the  Option  at the  time of  exercise.  Unless  sooner
terminated, cancelled or forfeited pursuant to Section 5, 8 or 11 hereof and the
applicable  provisions of the Plan, this Option shall expire at, and shall cease
to be exercisable after, the end of the Option Term.

      5. Exercise in the Event of Termination  of  Employment.  In the event the
Recipient's   employment  with  the  Corporation  and  its  subsidiaries  should
terminate,  this  Option  may be  exercised  in  accordance  with the  following
provisions:

      (a) If the  Recipient's  employment  terminates as a result of death,  the
Non-Exercisable  Portion  of this  Option at the date of the  Recipient's  death
shall become immediately and fully  exercisable,  and this Option (including the
portion  thereof that becomes  exercisable  upon the  Recipient's  death) may be
exercised by the Recipient's Beneficiary (as defined in Section 13 below) at any
time or from  time to time  during  the  Recipient's  Post-Termination  Exercise
Period (as defined in Section 5(f) below).

      (b)  If  the  Recipient's  employment  terminates  as a  result  of  Total
Disability (as defined in the Plan), the Non-Exercisable  Portion of this Option
at  the  date  of  the  Recipient's   termination  of  employment  shall  become
immediately  and fully  exercisable,  and this  Option  (including  the  portion
thereof  that  becomes  exercisable  upon such  termination  of the  Recipient's
employment)  may be exercised by the Recipient at any time and from time to time
during the  Recipient's  Post-Termination  Exercise  Period.  If the Recipient's
employment  has  terminated  as a result of Total  Disability  and the Recipient
should  thereafter  die  before  the  end  of the  Recipient's  Post-Termination
Exercise  Period,  the  Exercisable  Portion  of this  Option at the date of the
Recipient's   death  shall  continue  to  be  exercisable  by  the   Recipient's
Beneficiary  at any time or from time to time after the date of the  Recipient's
death until the earlier of the second  anniversary  of such date of death or the
date on which the Option Term expires.

                                        2
<PAGE>

      (c) If the  Recipient's  employment  terminates  as a result  of  Eligible
Retirement  (as  defined in the Plan),  this  Option may be  exercised  (i) with
respect to the  Exercisable  Portion of the Option,  at any time or from time to
time  during  the  Recipient's  Post-Termination  Exercise  Period and (ii) with
respect to the  Non-Exercisable  Portion of the Option, at any time or from time
to time on or after the date or dates  during the  Recipient's  Post-Termination
Exercise  Period on which such portion of the Option  becomes  exercisable,  but
only during such  Period.  If the  Recipient  should die prior to the end of the
Recipient's  Post-Termination  Exercise Period, the Non-Exercisable  Portion, if
any,  of  this  Option  at  the  date  of the  Recipient's  death  shall  become
immediately  and fully  exercisable,  and this  Option  (including  the  portion
thereof that becomes exercisable upon the Recipient's death) may be exercised by
the  Recipient's  Beneficiary  at any  time or  from  time  to  time  after  the
Recipient's  death until the earlier of the second  anniversary  of such date of
death or the date on which the Option Term expires.

      (d) If the  Recipient's  employment  terminates  for any reason other than
death,  Total  Disability or Eligible  Retirement,  this Option  (including  the
Exercisable  Portion of this  Option,  to the  extent it has not been  exercised
prior to the date of such  termination of the Recipient's  employment)  shall be
forfeited  and  cancelled  as of the  date  of the  Recipient's  termination  of
employment.

      (e)  Notwithstanding  the  foregoing,  the  Committee  may,  in  its  sole
discretion,  determine  that any part or all of the  Non-Exercisable  Portion of
this Option at the date of the  Recipient's  termination of employment  (and any
part  or all  of the  Exercisable  Portion  at  such  date,  if the  Recipient's
employment  terminates  for any reason  other than death,  Total  Disability  or
Eligible Retirement) shall not be forfeited and cancelled,  and may be exercised
by the Recipient (or in the event of the  Recipient's  death by the  Recipient's
Beneficiary)  for such period after such date of  termination  of employment and
prior to the  expiration of the Option Term,  as the Committee  shall specify in
such determination.

      (f) For  purposes  of the  foregoing,  the  Recipient's  "Post-Termination
Exercise  Period" shall mean the period beginning on the date of the Recipient's
termination of employment and ending (i) on the second anniversary of such date,
if the  Recipient's  employment  has  terminated as a result of the  Recipient's
death,  or (ii)  on the  first  anniversary  of such  date,  if the  Recipient's
employment has terminated as a result of Total Disability, or (iii) on the fifth
anniversary  of such date, if the  Recipient's  employment  has  terminated as a

                                        3
<PAGE>

result of Eligible  Retirement.  Notwithstanding the foregoing,  the Recipient's
Post-Termination  Exercise  Period shall end no later than the date on which the
Option Term expires.

      (g) For purposes of this Agreement,  the Recipient's  employment shall not
be treated as having  terminated unless the Recipient is no longer employed with
the Corporation or any "subsidiary" as defined in the Plan.

      6. Manner of Exercise.  This Option may be exercised  in  accordance  with
such  procedures as the  Committee,  in its  discretion may approve from time to
time. The Option may be exercised only with respect to a whole number of Shares,
and may not be exercised,  at any single time, as to less than 100 Shares or, if
less, the total number of Shares as to which the Option is then exercisable.  To
the extent the Option exercise  procedure approved by the Committee so provides,
the Recipient or his [her] Permitted Transferee (as defined in Section 10 below)
or  Beneficiary  (as defined in Section 13 below),  as the case may be, shall be
responsible  for the  payment  of any fee or  brokerage  commissions  charged by
ChaseMellon  Shareholder  Services  (or  by any  other  entity  retained  by the
Corporation  to  administer  the stock option  program) in  connection  with any
exercise of this Option.

      7. Manner of Payment.  Payment of the purchase price for Shares  purchased
pursuant to any exercise of this Option may be made (a) in cash, (b) by delivery
of  certificates,  duly endorsed or  accompanied  by  appropriate  stock powers,
representing  Shares  previously owned by the Recipient having an aggregate fair
market value equal to the purchase  price, or (c) by a combination of payment in
cash and delivery of certificates for Shares,  as provided in (a) and (b) above,
having a combined sum and value equal to the purchase price. For purposes of the
foregoing,  the fair market  value of any Shares  included in the payment of the
purchase  price shall be  determined on the basis of the per share closing price
of the  Corporation's  common  stock as reported on the New York Stock  Exchange
Composite Tape for the date of exercise, or if there were no sales on such date,
for the next  preceding  day on which there were sales.  The purchase  price may
also be paid in such other form or manner as the Committee may from time to time
approve.

      8. Change in Control.  Notwithstanding  any other provision  herein to the
contrary,  if a Change in Control  (as  defined in the Plan)  occurs at any time
during the Option Term, this Option shall,  upon the occurrence of the Change in
Control,  become  immediately  exercisable  as to all Shares that are then still
subject to this  Option.  The  Recipient  shall be  provided an  opportunity  to

                                        4
<PAGE>

exercise  this  Option at such time  prior to the time as of which the Change in
Control  becomes  effective,  and in  accordance  with such  procedures,  as the
Committee shall determine.

      9.      Tax Status of Option.  This Option shall be treated as a
"non-qualified option", as defined in the Plan.

      10.     Nontransferability.  This Option shall be nontransferable and
may be exercised during the Recipient's lifetime only by the Recipient.
Notwithstanding the foregoing, the Recipient may transfer this Option (or any
portion thereof) by gift to a "Permitted Transferee" as defined below,
subject to the following:

             (i)  such transfer shall be permitted only if the Recipient does
      not receive any consideration for the transfer;

            (ii) such  transfer  shall  not be  effective  unless  and until the
      Recipient has furnished the Committee  with written notice of the transfer
      and copies of all documents evidencing the transfer;

           (iii) any portion of this Option that is transferred by the Recipient
      to a Permitted  Transferee may be exercised by the Permitted Transferee to
      the same extent as the Recipient  would have been entitled to exercise it,
      and shall  remain  subject to all of the terms and  conditions  that would
      have applied to this Option or portion  thereof  under the  provisions  of
      this  Agreement  and the Plan if the  Recipient  had not  transferred  the
      Option or portion thereof to the Permitted Transferee;

            (iv) any portion of this Option that is transferred by the Recipient
      to a Permitted  Transferee may not be further transferred by the Permitted
      Transferee other than by will or the laws of descent and distribution.

For purposes of the foregoing, a Permitted Transferee shall mean (i) one or more
members of the Recipient's  Immediate  Family (as hereinafter  defined),  (ii) a
trust solely for the benefit of the Recipient  and/or one or more members of his
[her]  Immediate  Family,  or (iii) a partnership or limited  liability  company
whose only partners or members are the  Recipient  and/or one or more members of
his  [her]  Immediate  Family.  For this  purpose,  members  of the  Recipient's
"Immediate  Family"  shall  include  his  [her]  parents,  spouse,  children  or
grandchildren  (including  adopted children and  grandchildren and step-children
and step-grandchildren).

                                        5
<PAGE>

      11.     Other Terms and Conditions.  This Option is subject to the
following additional terms and conditions:

      (a)  Notwithstanding  any other  provisions  herein to the contrary,  this
Option (including both the Exercisable Portion and the  Non-Exercisable  Portion
thereof)  may be  cancelled  by  the  Committee  at  any  time,  and  upon  such
cancellation  the  Recipient  shall cease to have any further  right to exercise
this Option, if the Committee  determines that the Recipient has been discharged
from employment with the Corporation or any of its subsidiaries for cause.

      (b) The Recipient shall not have any rights as a shareholder  with respect
to any Shares that are subject to this Option prior to the date as of which such
Shares are issued to the Recipient pursuant to his exercise of this Option.

      (c) The  Recipient's  rights  under  this  Option  shall be subject to all
applicable  provisions  of the Plan, as in effect from time to time at and after
the Date of Grant.

      12.  Taxes.  The  Corporation  or any of its  subsidiaries  may make  such
provisions and take such steps as it may deem  necessary or appropriate  for the
withholding of all federal, state and local taxes required by law to be withheld
with respect to this Option and the exercise thereof including,  but not limited
to, (a)  deducting  the amount so required to be withheld  from any other amount
then or thereafter payable to the Recipient,  and/or (b) requiring the Recipient
or the Recipient's Permitted Transferee or Beneficiary to pay to the Corporation
or any of its  subsidiaries the amount so required to be withheld as a condition
of the issuance,  delivery,  distribution or release of any Shares. Such payment
shall be made in cash  unless,  and except to the extent that,  the  Corporation
permits such payment to be made in Shares.

      13.  Designation  of  Beneficiary.  The  Recipient  shall  file  with  the
Committee a written  designation of one or more persons (the  "Beneficiary") who
shall be entitled to exercise this Option after the  Recipient's  death,  to the
extent such exercise is otherwise permitted  hereunder.  The Recipient may, from
time to time, revoke or change the Recipient's  Beneficiary  designation without
the consent of any previously designated Beneficiary by filing a new designation
with the Committee. The last such designation received by the Committee shall be
controlling;  provided,  however,  that no designation,  or change or revocation
thereof,  shall be  effective  unless  received  by the  Committee  prior to the
Recipient's  death,  and in no event shall it be effective as of a date prior to
such receipt. If at the date of the Recipient's death there is no designation of
a  Beneficiary  in effect for the Recipient  pursuant to the  provisions of this

                                        6

<PAGE>

Section 13, or if no Beneficiary  designated by the Recipient in accordance with
the provisions hereof survives to exercise this Option,  the Recipient's  estate
shall  be   treated   as  the   Recipient's   Beneficiary   for  all   purposes.
Notwithstanding  any other provision  herein to the contrary,  if any portion of
this Option is transferred to a Permitted Transferee pursuant to Section 10, the
Permitted Transferee shall be treated, at all times after such transfer,  as the
Recipient's Beneficiary with respect to the portion so transferred.

      14.     Governing Laws.  This Agreement shall be governed by the laws
of the Commonwealth of Pennsylvania applicable to contracts made, and to be
enforced, within the Commonwealth of Pennsylvania.

      15.     Binding Effect.  This Agreement shall be binding upon and inure
to the benefit of the Corporation and its successors and assigns, and the
Recipient, the Recipient's Beneficiary and the Recipient's estate.

      16.     Entire Agreement.  This Agreement contains the entire
understanding of the parties and shall not be modified or amended except in
writing and duly signed by each of the parties hereto.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement, as of
the date set forth above.

                                    GPU, INC.

                                    By:
                                       ---------------------------------
                                       Fred D. Hafer
                                       Chairman, President and Chief
                                       Executive Officer

                                       [Print Name of Recipient]

                                        7

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