Document:

EX-10.14

 Exhibit 10.14 

FORM OF EMPIRE PETROLEUM PARTNERS GP, LLC 

SUBSCRIPTION AGREEMENT 

All capitalized terms used in this Subscription Agreement, which includes the Subscription Notice, the Joinder and the attachments hereto
titled “Terms and Conditions of Subscription Agreement” (collectively, the “Agreement”), but not defined herein, shall have the meanings provided in the First Amended and Restated Limited Liability Company Agreement of
Empire Petroleum Partners GP, LLC (as it may be amended or restated from time to time, the “LLC Agreement”). In the event of any conflict between the terms of this Agreement and the LLC Agreement, the terms of the LLC Agreement
shall control. Except where the context requires otherwise, all references to “Units” in this Agreement shall mean the Class B Units purchased by the Purchaser under this Agreement. 

SUBSCRIPTION NOTICE 

Subject to the terms and conditions of this Agreement and the LLC Agreement, contemporaneously with the execution and delivery of the this
Agreement, (i) Empire Petroleum Partners GP, LLC (the “Company”) is selling to the Purchaser, and the Purchaser is purchasing from the Company, [            ] Units at
a price per Unit of $0.10, for an aggregate purchase price of $[            ], and (ii) the Purchaser is paying to the Company the purchase price. The principal features of this
subscription for Units are as follows. 
 Purchaser:
[                    ] 
 Number of
Units: [            ] Units 
 Price per Unit: $0.10 

Purchase Date: [            ], 2015 

Fair Market Value of Units as of Purchase Date: $0.10 per Unit. For additional information, terms and conditions, see
Section 10 of the Terms and Conditions of Subscription Agreement. 
 Vesting of Units: Subject to the Purchaser’s
continued employment or other service relationship with the Company or its Affiliates, the Units will vest upon the Partnership attaining specified Per Unit Distribution Levels, as set forth in the following table, which are based on the common
unitholders of the Partnership receiving distributions in excess of the Minimum Quarterly Distribution (as defined in the Partnership Agreement) (“MQD”), provided that the Units shall be subject to accelerated vesting in certain
circumstances as set forth in Section 2(b): 
  

			
	 Per Unit Distribution Level
	 	 Percentage of Units Vested

	115% of MQD for two consecutive quarters	 	25% vested
	125% of MQD for two consecutive quarters	 	50% vested
	150% of MQD for two consecutive quarters	 	100% vested

 Forfeiture of Units: In the event of a termination of the Purchaser’s employment or
other service relationship with Empire, the Company, the Partnership or any of their Affiliates (a “Termination of Service”) for any reason, all Units that have not vested prior to or in connection with such Termination of Service
shall thereupon automatically be forfeited by the Purchaser without further action, unless otherwise determined by the Company in its sole discretion. In the event of the Purchaser’s Termination of Service by the Company or one of its
Affiliates for Cause, all of the Purchaser’s vested and unvested Units shall thereupon automatically be forfeited by the Purchaser without further action, unless otherwise determined by the Company in its discretion. In the event Units are
forfeited pursuant to the foregoing provisions, the Units shall be repurchased by the Company for an amount in cash equal to the “Price per Unit” as set forth in this Subscription Notice above, multiplied by the number of Units being
forfeited. 
 For purposes of this Agreement, “Cause” means, unless otherwise set forth in another written agreement between
the Company or one of its Affiliates and the Purchaser (in which case “Cause” shall have the meaning specified in such other agreement), a finding by the Board, before or after the Purchaser’s Termination of Service, of: (i) any
material failure by the Purchaser to perform the Purchaser’s duties and responsibilities under any written agreement between the Purchaser and the Company or its Affiliates; (ii) any act of fraud, embezzlement, theft or misappropriation by
the Purchaser relating to the Company or any of its Affiliates; (iii) the Purchaser’s commission of a felony or a crime involving moral turpitude; (iv) any gross negligence or intentional misconduct on the part of the Purchaser in the
conduct of the Purchaser’s duties and responsibilities with the Company or any of its Affiliates or which adversely affects the image, reputation or business of the Company or its Affiliates; or (v) any material breach by the Purchaser of
any agreement between the Company or any of its Affiliates, on the one hand, and the Purchaser on the other. The findings and decision of the Board with respect to such matter, including those regarding the acts of the Purchaser and the impact
thereof, will be final for all purposes. 
 JOINDER 

By execution of this Joinder, the Purchaser hereby agrees to become a party to, and to be bound by the obligations of, and receive the
benefits of, the LLC Agreement as a “Member” under the LLC Agreement. The Purchaser hereby represents and warrants to the Company that each representation and warranty set forth in Section [        ]
of the LLC Agreement is true, accurate and not misleading as to the Purchaser as of the date hereof. 
 [Signature Page to
Agreement Follows] 

  
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 Whereas the undersigned parties to this Agreement have executed this Agreement as of the Purchase
Date identified in the Subscription Notice above. The signature of the Purchaser and the Company below indicates his or its acceptance of this Agreement and understanding that the Units are subject to all of the terms and conditions contained in the
Agreement (including the Subscription Notice, the Joinder and the Terms and Conditions of Subscription Agreement that follows these signature pages) and the LLC Agreement. 

 

			
	 Empire Petroleum Partners GP, LLC
 a
Delaware limited liability company

		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	“PURCHASER”
	
	  

		
	Print Name:	 	  

  
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 TERMS AND CONDITIONS OF SUBSCRIPTION AGREEMENT 

1. Subscription. The Company hereby sells to the Purchaser, and the Purchaser hereby purchases from the Company, as of the Purchase
Date, the number of Units set forth in the Subscription Notice above for the Price per Unit as set forth in the Subscription Notice above, subject to all of the terms and conditions contained in this Agreement and the LLC Agreement. 

2. Vesting and Forfeiture; Distributions. 

(a) Vesting and Forfeiture. The Units shall vest in such amounts and at such times as are set forth in, and shall be
subject to forfeiture as set forth in, the Subscription Notice above. 
 (b) Accelerated Vesting. If not previously
forfeited, the Units that would have vested if the Partnership attained the next highest Per Unit Distribution Level will vest immediately prior to the occurrence of a Change in Control that occurs after the Purchase Date. Any remaining unvested
Units will be forfeited immediately prior to the Change in Control, unless otherwise determined by the Company. 
 (c)
Change in Control. For purposes of this Agreement, “Change in Control” shall mean, and shall be deemed to have occurred upon one or more of the following events: 

(i) any “person” or “group” within the meaning of Sections 13(d) and 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), other than the Company, Empire or an Affiliate of the Company or Empire (as determined immediately prior to such event), shall become the beneficial owner, by way of merger, acquisition,
consolidation, recapitalization, reorganization or otherwise, of 50% or more of the combined voting power of the equity interests in the Company or Empire; 

(ii) the members of the Company or Empire approve, in one or a series of transactions, a plan of complete liquidation of the
Company or Empire, respectively; 
 (iii) the sale or other disposition by either the Company or Empire of all or
substantially all of the Company’s or Empire’s assets, respectively, in one or more transactions to any Person other than the Company, the Partnership, Empire or an Affiliate of the Company, the Partnership or Empire; or 

(iv) a transaction resulting in a Person other than the Company, Empire or an Affiliate of the Company or Empire (as determined
immediately prior to such event) being the sole general partner of the Partnership. 
 (d) Distributions.
Notwithstanding that the Units are initially unvested and subject to forfeiture, the Purchaser shall have and enjoy all of the rights of a unitholder under and in accordance with the terms of the LLC Agreement, including the right to receive all
distributions in respect of the Units without regard to any forfeiture restrictions, subject to the terms and conditions of the LLC Agreement, provided, however, that, unless otherwise determined by the Company in its

  
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discretion, any property received from an in-kind distribution (e.g., units in the Partnership, additional units or interests in the Company or any other form of non-cash property) shall be
subject to the same vesting conditions and forfeiture restrictions as the underlying Units with respect to which such in-kind distributions were received. 

3. Tax Withholding; Section 83(b) Election. 

(a) Tax Withholding. The Company and the Purchaser do not intend that the transactions contemplated by this Agreement
will result any tax withholding or employment tax obligations on the part of the Company or any of its Affiliates. However, the Company or one of its Affiliates shall have the right to withhold from the Purchaser’s wages, or require the
Purchaser to pay to the Company or one of its Affiliates, the Purchaser’s portion of any applicable withholding or employment taxes resulting from the issuance of the Units hereunder or from the lapse of any restrictions imposed on the Units,
as required by law. Notwithstanding anything in the LLC Agreement to the contrary, the Purchaser shall be solely responsible for and shall satisfy all tax consequences associated with the Units. 

(b) Section 83(b) Election. Within thirty days following the Subscription Date, the Purchaser shall file with the
Internal Revenue Service an election, in the form attached hereto as Exhibit A, authorized by section 83(b) of the Code (an “83(b) Election”) with respect to the Units and deliver to the Company a copy of such 83(b) Election
promptly after its filing. 
 4. Accredited Investor. The Purchaser represents that he or she is an “accredited investor”
as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”). 

5. Non-Transferability. Neither the Units nor any right of the Purchaser under the Units may be assigned, alienated, pledged, attached,
sold or otherwise transferred or encumbered by the Purchaser (or any permitted transferee) other than by will or the laws of descent and distribution or as otherwise permitted by the terms of the LLC Agreement and any such purported assignment,
alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company and any of its Affiliates. In the event the Purchaser transfers the Units in a manner permitted by the LLC Agreement, the Units will
remain subject to all of the terms and conditions, including vesting and forfeiture restrictions. In such event all references to employment or service or Termination of Service shall refer to the employment or service or Termination of Service of
the Purchaser in his individual capacity. 
 6. Repurchase. 

(a) Company Repurchase Right. 

(i) During the period beginning on the date of a Purchaser’s Termination of Service and ending on the first anniversary of
such date (the “Repurchase Period”), the Company shall have the option (the “Call Right”) to repurchase the Purchaser’s vested Units. The Call Right may be exercised more than once and for some or all of the
Units held by the Purchaser. The Company may assign the Call Right to any Person determined in the discretion of the Company. 

  
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 (ii) The Company (or its assignee) shall exercise the Call Right (if so elected)
by written notice to the Purchaser (and/or, if applicable, any permitted transferees) within the Repurchase Period, specifying a date within such period on which the Call Right shall be exercised and the number of Units as to which the Call Right is
being exercised. Upon such notification, the Purchaser and any permitted transferees shall promptly surrender to the Company (or its assignee) any certificates or other documents representing the Units being purchased, free and clear of any liens or
encumbrances. Except as provided below, upon the Company’s (or its assignee’s) receipt of any such certificates or documents from the Purchaser or any permitted transferees, the Company (or its assignee) shall deliver to him, her or them
payment of the Repurchase Price (as defined below) for the Units being purchased. 
 (iii) The purchase price payable by the
Company (or its assignee) upon exercise of the Call Right (the “Repurchase Price”) shall be the fair market value, as of the date the Call Right is being exercised, of the Units with respect to which the Call Right is being
exercised, as determined by the Company in good faith. 
 (b) Repurchase Limitation. Notwithstanding anything herein
to the contrary, no payment shall be made under this Section that would cause the Company or any of its Affiliates to violate any applicable law, or any rights or preference of other unitholders, any banking agreement or loan or other financial
covenant or cause default of any indebtedness, regardless of when such agreement, covenant or indebtedness was created, incurred or assumed. Any payment under this Section 6 that would cause such violation or default shall result in an
extension of the Repurchase Period, in the sole discretion of the Committee, until thirty days after the date of such payment shall no longer cause any such violation or default and at which time the Call Right may be exercised with the Repurchase
Price calculated as of the date the Call Right is actually exercised. 
 7. Corporate Event. In the event of any stock or unit split,
spin-off, share or unit combination, reclassification, change of the legal form, recapitalization, liquidation, dissolution, reorganization, merger, Change in Control or other sale of interests in the Company by the Company or Empire (other than
sales, grants or issuances of Class B Units to employees and other service providers of the Company and its Affiliates), payment of a dividend or distribution (other than a cash dividend or distribution paid as part of a regular dividend or
distribution program) or other similar transaction or occurrence which affects the equity securities of the Company or any of its Affiliates or the value thereof, initial public offering of the units representing interests of the Company or any of
its parents or other Affiliates, acquisition of the Company by the Partnership or reset of the Incentive Distribution Rights (as defined in the Partnership Agreement), the Company may, to the extent the Company in its discretion deems appropriate to
preserve the intent of this Agreement (i) adjust the number and kind of equity interests subject to this Agreement and/or (ii) take such other action (including, without limitation providing for payment of cash or other property to the
Purchaser and, in the event the terms of the Incentive Distribution Rights or any similar or successor interests are amended, adjusting Per Unit Distribution Levels (as specified above)), in each case as it deems reasonably necessary to address, on
an equitable basis and subject to applicable law, the effect of the applicable event on the Units. Any such adjustment made or action taken by the Company in accordance with the preceding sentence shall be final and binding upon the Purchaser,
and the Purchaser agrees to sign any documents reasonably requested by the Company or its 

  
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Affiliates to implement any such adjustment. In connection with the foregoing, any non-cash property received by the Purchaser in exchange or otherwise in respect of, unvested Units will be
subject to the same vesting and forfeiture restrictions as the corresponding Units, subject to any adjustments thereto in accordance with the foregoing. 

8. No Effect on Service. Nothing in this Agreement shall be construed as giving the Purchaser the right to be retained in the employ or
service of the Company or any Affiliate thereof. Furthermore, the Company and its Affiliates may at any time dismiss the Purchaser from employment or consulting free from any liability or any claim under this Agreement, unless otherwise expressly
provided in this Agreement or any other written agreement between the Purchaser and the Company or an Affiliate thereof. 
 9.
Severability. If any provision of this Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction, such provision shall be construed or deemed amended to conform to the applicable law or, if it cannot be
construed or deemed amended without, in the determination of the Board, materially altering the intent of this Agreement, such provision shall be stricken as to such jurisdiction, and the remainder of this Agreement shall remain in full force and
effect. 
 10. Tax Consultation. Neither the Board nor the Company or any of its Affiliates has made any warranty or representation
to the Purchaser with respect to the income tax consequences of the issuance of the Units or the transactions contemplated by this Agreement, and the Purchaser represents that he or she is in no manner relying on such entities or their
representatives for tax advice or an assessment of such tax consequences. The Purchaser represents that the Purchaser understands all of the tax consequences he or she may incur in connection with the Units issued pursuant to this Agreement. The
Purchaser represents that the Purchaser has consulted with any tax consultants that the Purchaser deems advisable in connection with the Units. Without limiting the foregoing and notwithstanding any provision of this Agreement to the contrary
(including the statements set forth in the Subscription Notice), neither the Company nor its Affiliates make any representations to any Person with respect to the Fair Market Value of the Units as of the Purchase Date. 

11. Amendments. The Board may waive any conditions or rights under, amend any terms of, or alter this Agreement at any time, provided
that no such change shall materially reduce the rights or benefits of the Purchaser without the Purchaser’s consent. 
 12. Lock-Up
Agreement. The Purchaser shall agree, if so requested by the Company and any underwriter in connection with any public offering of securities of the Company or any Affiliate thereof, not to directly or indirectly offer, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of or otherwise dispose of or transfer any Units held by him or her for such period, not to exceed one hundred eighty
(180) days following the effective date of the relevant registration statement filed under the Securities Act, in connection with such public offering, as such underwriter shall specify reasonably and in good faith. The Company may impose
stop-transfer instructions with respect to Units subject to the foregoing restrictions until the end of such 180-day period. 
 13.
Conformity to Securities Laws. The Purchaser acknowledges that this Agreement is intended to conform to the extent necessary with all provisions of the Securities Act and the Exchange Act. Notwithstanding anything herein to the contrary, the

  
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Units shall be issued only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent
necessary to conform to such laws, rules and regulations. 
 14. Successors and Assigns. The Company may assign any of its rights
under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer contained herein, this Agreement shall be binding upon the
Purchaser and his or her heirs, executors, administrators, successors and assigns. 
 15. Governing Law. The validity, construction,
and effect of this Agreement and any rules and regulations relating to this Agreement shall be determined in accordance with the laws of the State of Delaware without regard to its conflicts of laws principles. 

16. Headings. Headings are given to the sections and subsections of this Agreement solely as a convenience to facilitate reference.
Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Agreement or any provision hereof. 

*** 

  
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 EXHIBIT A 

ELECTION UNDER SECTION 83(b) 

OF THE INTERNAL REVENUE CODE OF 1986 
 The
undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in taxpayer’s gross income or alternative minimum taxable income, as the case may be, for the current taxable year the
amount of any compensation taxable to taxpayer in connection with taxpayer’s receipt of the property described below. 
  

	1.	The name, address, taxpayer identification number and taxable year of the undersigned are as follows: 

  

					
	NAME:	 	TAXPAYER:                     	 	SPOUSE:                     
	ADDRESS:	 	                            	 	                            
		 	                            	 	                            
			
	IDENTIFICATION NO.:	 	TAXPAYER:                     	 	SPOUSE:                     
	TAXABLE YEAR: 2015	 		 	

  

	2.	The property with respect to which the election is made is described as follows: Class B Units (the “Units”) of Empire Petroleum Partners GP, LLC (the “Company”) 

 

	3.	The date on which the property was transferred is:             , 2015. 

  

	4.	The property is subject to the following restrictions: 

 Except upon the satisfaction of certain
conditions, the Units may not be transferred and are subject to forfeiture under the terms of an agreement between the taxpayer and the Company. 
  

	5.	The fair market value at the time of transfer, determined without regard to any restriction other than a restriction which by its terms will never lapse, of such property is:
$            . 

  

	6.	The amount (if any) paid for such property is: $            . 

The undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the undersigned’s receipt of
the above-described property. The transferee of such property is the person performing the services in connection with the transfer of said property. 

The undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner. 

 

			
	Dated:             ,        	  	  

		  	Taxpayer

 The undersigned spouse of taxpayer joins in this election. 

 

			
	Dated:             ,        	  	  

		  	Spouse of TaxpayerEX-10A

		

			 

		

		
			Exhibit 10(a)
		

		
			 
		

		
			ONCOR ELECTRIC DELIVERY COMPANY LLC
		

		
			 
		

		
			Third Amended and Restated Executive Change in Control Policy
		

		
			 
		

		
			Effective August 1, 2015
		

		
			 
		

		
			1.       Policy Purpose.  The purpose of the Oncor Electric Delivery Company LLC (“Company” or “Oncor”) Executive Change in Control Policy (this “Policy”) is to establish uniform provisions for the payment of transition benefits to eligible executives of the Company and any of its consolidated subsidiaries (each a “Subsidiary”, and together the “Subsidiaries”), in the event of their termination of employment without Cause (as defined herein) or resignation with Good Reason (as defined herein) from the Company or a corporation, limited liability company or other entity resulting from the consummation of a merger, consolidation, statutory share exchange or similar form of corporate transaction involving the Company (the “Surviving Corporation”), within twenty-four (24) months following a Change in Control (as defined herein), which are set forth herein. This Policy amends, restates and supercedes in its entirety that certain Oncor Electric Delivery Company LLC Second Amended and Restated Change in Control Policy effective as of August 1, 2015 (the “Effective Date”).
		

		
			 
		

		
			2.       Eligible Executives.  Employees who are eligible for the benefits provided for in this Policy (“Eligible Executives”) are employees of the Company and its Subsidiaries who immediately prior to the effective time of a Change in Control are designated by the Company as members of the Company’s Executive Team.  The Executive Team shall be comprised of the Chief Executive Officer of the Company (“Chief Executive”) and the employees that constitute the senior leadership team and leadership team, as determined in accordance with the Company’s internal organizational structure; provided that the Company may determine the specific members of the Executive Team from time to time, and at any particular time.  However, the Company shall, effective immediately prior to the effective time of a Change in Control, determine and communicate the list of Eligible Executives, and such determination shall be final and binding on all parties.
		

		
			 
		

		
			Notwithstanding any other provision of this Policy, absent a Change in Control, severance benefits for Eligible Executives will be provided under the terms and conditions of the Oncor Executive Severance Plan and not under this Policy.  In this connection, it is the intent of the Company that Eligible Executives not be eligible for duplicate severance benefits under multiple plans.
		

		
			 
		

		
			3.       Available Benefits.  In the event that: (i) an Eligible Executive is terminated without Cause by the Company, any Subsidiary, a Surviving Corporation, or any of their respective subsidiaries, or (ii) an Eligible Executive resigns with Good Reason from his or her employment with the Company, any Subsidiary, a Surviving Corporation, or any of their respective subsidiaries, in either the case of (i) or (ii) within twenty-four (24) months following a Change in Control, the Eligible Executive will, subject to his or her timely execution of, and subsequently not revoking, the Agreement and Release provided for in Section 5 hereof, be entitled to receive the following benefits:
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		(a)      Cash Severance Payments.  Eligible Executives will receive the following cash severance benefits:
		

		
			 
		

		
			A one-time lump sum cash severance payment in an amount equal to the greater of: (A) a multiple of the aggregate of (1) the Eligible Executive’s annualized base salary in effect immediately before the termination or resignation, or the Executive’s annualized base salary in effect as of the Change in Control, whichever is greater, plus (2) the Eligible Executive’s target annual incentive award for the year of the termination or resignation, or (B) the amount determined under the Oncor Severance Plan for non-executive employees based on the Eligible Executive’s annualized base salary in effect immediately before the termination or resignation, or the Executive’s annualized base salary in effect as of the Change in Control, whichever is greater.  The multiple will be determined as set forth in the following table, and will be based on the Eligible Executive’s position with the Company immediately prior to the termination or resignation, or the Eligible Executive’s position immediately prior to the Change in Control, whichever position is more senior:
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Position

					
					
						Multiple of Base Salary
plus 
Target Annual Incentive

				
	
					
						Chief Executive Officer, Chief Financial Officer 

					
						And General Counsel

					
					
						 

					
						3x

				
	
					
						 

					
						All other members of Executive Team

					
					
						 

					
						2x

				

		
			 
		

		
			The severance payments described above will be paid to the Eligible Executive sixty (60) days after his or her termination or resignation (the “Payment Date”), provided that the Eligible Executive has delivered to the Company, prior to the Payment Date, a signed Agreement and Release that, pursuant to its terms, is no longer revocable.  If the Eligible Executive has not delivered to the Company a signed and unrevocable Agreement and Release prior to the Payment Date, the severance payments described above will not be paid to the Eligible Executive.  The severance payments will be subject to all applicable tax withholdings and, to the extent permitted by Code Section 409A, may also be reduced by the amount of any obligations which the Eligible Executive owes to the Company.  Such obligations may include, but not be limited to, some or all of the following:
		

		
			 
		

		
			(A)      The entire balance, if any, owed under the Company’s appliance purchase plan, energy conservation program or employee relocation plan; and
		

		
			 
		

		
			(B)      Any amounts owed on Company issued or sponsored travel or credit cards or any other expenses or payments for which the Company should be reimbursed.
		

		
			 
		

		
			(b)       Pro Rata Target Bonus.  At the same time (and subject to the same conditions) that an Eligible Executive receives a cash severance payment under Section 3(a), the Eligible Executive shall also receive a cash severance payment in an amount equal to a pro rata portion of the Eligible Executive’s target annual incentive award for the year of termination of 
		

		 

		

			2

		

 

		

			 

		

		employment (with such pro rata portion being the portion of the calendar year of termination that has been completed when the Eligible Executive’s employment is terminated).
		

		
			 
		

		
			(c)      Health Care Benefits.  Eligible Executives will be eligible for continued health care coverage under the Company’s health care plans for the applicable COBRA period.  The required contribution by the Eligible Executive for such continued coverage will be the applicable employee rate, for the period shown in the following table, unless and until the Eligible Executive becomes eligible for coverage for a particular type of group health benefit through employment with another employer, at which time the required contribution for continuing such benefit coverage hereunder shall be the applicable COBRA rate for such benefit.  The period of continued health care coverage provided for herein shall run concurrently with the Eligible Executive’s available COBRA coverage period.
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Position

					
					
						Period of Continued
Health Care Coverage

				
	
					
						Chief Executive Officer

					
					
						18 Months

				
	
					
						Member of Executive Team

					
					
						18 Months

				

		
			 
		

		
			If an Eligible Executive is covered under the Company’s health care plans through the end of such eighteen (18) month period and the Eligible Executive is not eligible for coverage for a particular type of group health benefit through employment with another employer, then such Eligible Executive may, at the end of such eighteen (18) month period, continue participation in the Company’s health care plans at the applicable COBRA rate for such coverage for the period in the following table:
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Position

					
					
						Period of Subsidized Premium
for Health Care Coverage

				
	
					
						Chief Executive Officer

					
					
						18 Months

				
	
					
						Member of Executive Team

					
					
						6 Months

				

		
			 
		

		
			The Company shall reimburse the Eligible Executive, on a monthly basis, in an amount equal to the difference between the applicable employee rate for such health care coverage and the COBRA rate paid by the Eligible Executive for that coverage during such subsequent coverage period.
		

		
			 
		

		
			(d)      Outplacement Assistance.  Eligible Executives will be eligible for payment or reimbursement by the Company of reasonable expenses incurred for outplacement services performed by an independent executive outplacement consulting firm selected by the Company, for up to the period set forth in the following chart, and the cost of outplacement services shall be paid or reimbursed no later than the end of the second year following the year in which the Eligible Executive incurred a termination or resignation of employment with the Company or any of its Subsidiaries.  The maximum outplacement assistance payment or reimbursement shall be $40,000 for the Chief Executive Officer, and $25,000 for other members of the Executive Team.
		

		
			 
		

		 

		

			3

		

 

		

			 

		

			
					
						 

					
					
						 

				
	
					
						Position

					
					
						Period of Outplacement Services

				
	
					
						Chief Executive Officer

					
					
						18 Months

				
	
					
						Member of Executive Team

					
					
						1 Year

				

		
			 
		

		
			(e)      Final Paycheck and Vacation.  Eligible Executives will receive their final paycheck, as well as pay for vacation, if any, pursuant to the Company’s standard payroll and/or vacation policy.
		

		
			 
		

		
			(f)      Other Benefit Plans.  Eligible Executives will receive any vested, accrued benefits to which they have become entitled under any of the Company’s employee benefit plans covering the Eligible Executive in accordance with and subject to the respective provisions of such employee benefit plans as they may be amended from time to time.
		

		
			 
		

		
			(g)      Tax Gross-up.  If any payment, distribution or provision of a benefit hereunder (a “Payment”) would be subject to an excise tax pursuant to Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended (“Code”), or any interest or penalties with respect to such excise or other additional tax (such excise tax, together with any such interest or penalties, are hereinafter collectively referred to as the “Excise Tax”), the Company, Surviving Corporation or any Subsidiary, as applicable (for purposes of this Section, all such entities are referred to as the “Gross-up Obligor”) shall pay to the Eligible Executive an additional payment (“Gross-up Payment”) in an amount such that, after payment by the Eligible Executive of all taxes (including any interest or penalties imposed with respect to such taxes), including any income taxes and Excise Taxes imposed on any Gross-up Payment, the Eligible Executive retains an amount of the Gross-up Payment equal to the Excise Tax imposed upon the Payments.  Notwithstanding the foregoing, however, if the aggregate value of the Payments (as determined in accordance with Code Section 280G) is less than 110% of the product (such product to be referred to herein as the “Excise Tax Threshold”) of three times the Eligible Executive’s “base amount” (as such term is defined in Code Section 280G), then the Eligible Executive shall not be entitled to a Gross-up Payment and the Payments shall be reduced by the Company so that their aggregate value is equal to $1.00 less than the Excise Tax Threshold.  If any payment or benefit intended to be provided under this Policy must be reduced in accordance with this Section, the Company shall designate the payments and/or benefits to be so reduced in order to give effect to this Section.  The reduction shall first come from payments or benefits that are not permitted to be valued under Q&A 24(c) of Treasury regulation Section 1.280G‐1 and then by payments or benefits that are permitted to be valued under Q&A 24(c) of Treasury regulation Section 1.280G‐1.  The Gross-up Obligor will coordinate with the Eligible Executive to make an initial determination as to whether a Gross-up Payment is required and the amount of any such Gross-up Payment.  The Eligible Executive shall notify the Gross-up Obligor in writing of any claim by the Internal Revenue Service which, if successful, would require a Gross-up Payment (or a Gross-up Payment in excess of that initially determined).  The Gross-up Obligor shall notify the Eligible Executive in writing at least ten (10) business days prior to the due date of any response required with respect to such claim if it plans to contest the claim.  If the Gross-up Obligor decides to contest such claim, the Eligible Executive shall cooperate with the Gross-up Obligor in such action; provided, however, the Gross-up Obligor shall bear and pay all costs and expenses (including additional interest and penalties) incurred in connection with such action and shall indemnify and hold the Eligible Executive harmless, on an after-tax basis, for any Excise 
		

		 

		

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		Tax or income tax, including interest and penalties with respect thereto, imposed as a result of the Gross-up Obligor’s action.  If, as a result of the Gross-up Obligor’s action with respect to any such claim, the Eligible Executive receives a refund of any amount paid by the Gross-up Obligor with respect to such claim, the Eligible Executive shall promptly pay such refund to the Gross-up Obligor.  If the Gross-up Obligor fails to timely notify the Eligible Executive whether it will contest such claim or the Gross-up Obligor determines not to contest such claim, then the Gross-up Obligor shall immediately pay to the Eligible Executive the portion of such claim, if any, which it has not previously paid to the Eligible Executive.
		

		
			 
		

		
			Notwithstanding anything to the contrary in the foregoing provisions of this Section 3(g), the payment of the Gross-up Payment, if any, shall be made no later than two (2) and one-half months (1/2) after the end of the calendar year in which the right to such payment is no longer subject to a “substantial risk of forfeiture” (as such term is described under Code Section 409A); except if the Gross-up Payment is a “deferral of compensation” (as such term is described under Code Section 409A), then the following provisions of this paragraph shall apply.  If the Gross-up Payment is a deferral of compensation, (i) payment of the portion of the Gross-up Payment that is taxes shall not be made later than December 31 of the year next following the year in which the Excise Tax is remitted to the taxing authority; (ii) payment of the portion of the Gross-up Payment that is interest or penalties incurred by the Eligible Executive with respect to such taxes shall not be made later than December 31 of the year next following the year in which the Eligible Executive incurs such interest or penalties, as applicable; and (iii) reimbursement of expenses incurred due to a tax audit or litigation addressing the existence or amount of a tax liability, whether federal, state, local or foreign, shall not be made later than the end of the year following the year in which the taxes that are the subject of the audit or litigation are remitted to the taxing authority, or where as a result of such audit or litigation no taxes are remitted, the end of the year following the year in which the audit is completed or there is a final nonappealable settlement or other resolution of the litigation.  If the Gross-up Payment is a deferral of compensation, the amount of interest and penalties eligible for payment or reimbursement in any year shall not affect the amount of such interest and penalties eligible for payment or reimbursement in any other year, nor shall such right to payment or reimbursement be subject to liquidation or exchange for another benefit.  Notwithstanding the foregoing provisions of this Section 3(g) that are applicable to deferrals of compensation, if (i) the Gross-up Payment is a deferral of compensation, (ii) the Eligible Executive is a “specified employee” under Code Section 409A upon the Eligible Executive’s termination or resignation of employment, and (iii) all or any portion of the Gross-up Payment is considered made upon the Eligible Executive’s termination or resignation of employment, the portion of the Gross-up Payment which is considered made upon the Eligible Executive’s termination or resignation of employment shall not be made until the earlier to occur of the Eligible Executive’s death or the date that is six (6) months and one (1) day following the Eligible Executive’s termination or resignation of employment.
		

		
			 
		

		
			4.       Restrictive Covenants.  For a period of one (1) year after a termination of employment contemplated in this Policy, Eligible Executives shall not solicit, recruit, induce, encourage or in any way cause any employee, consultant or contractor then engaged by the Company or its affiliates to terminate his/her employment or contractual relationship with the Company or its affiliates.  Eligible Executives shall maintain in strictest confidence and not use in any way or publish, disclose or authorize anyone else to use, publish or disclose any 
		

		 

		

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		proprietary, confidential or other non-public information or document relating to the business affairs of the Company or its affiliates.  Eligible Executives shall not disparage the Company or its affiliates.
		

		
			 
		

		
			5.       Agreement and Release.  Notwithstanding any other provisions of this Policy, any Eligible Executive’s eligibility for any of the benefits described herein will be subject to, and conditioned upon, the Eligible Executive executing, and not subsequently revoking, an Agreement and Release in the form attached hereto as Exhibit A.
		

		
			 
		

		
			6.       Definition of Cause.  For purposes of this Policy, a termination for “Cause” shall mean any one or more of the following: (a) as such term may be defined in any employment agreement or change-in control agreement in effect at the time of termination of employment between the Eligible Executive and the Company, or, (b) if there is no such employment or change-in-control agreement, “Cause” means, with respect to a Eligible Executive: (i) if, in carrying out his or her duties to the Company, Eligible Executive engages in conduct that constitutes (A) a breach of his or her fiduciary duty to the Company, its Subsidiaries or their shareholders, (B) gross neglect or (C) gross misconduct resulting in material economic harm to the Company or its Subsidiaries, taken as a whole, or (ii) upon the indictment of the Eligible Executive, or the plea of guilty or nolo contendere by Eligible Executive to, a felony or a misdemeanor involving moral turpitude.
		

		
			 
		

		
			7.       Definition of Good Reason.  For purposes of this Policy, the term “Good Reason” shall mean any one or more of the following events or actions which are taken without the express, voluntary consent of the Eligible Executive: (a) a material reduction in the Eligible Executive’s base salary, other than a broad-based reduction of base salaries of all similarly situated executives of the Surviving Corporation or subsidiary, as applicable, unless such broad-based reduction only applies to former executives of Oncor; (b) a material reduction in the aggregate level or value of benefits for which the Eligible Executive is eligible, immediately prior to the Change in Control, other than a broad-based reduction applicable on a comparable basis to all similarly situated executives; (c) a material reduction in the Eligible Executive’s authority, duties, responsibilities or title, including a material reduction in the budget over which the Eligible Executive retains authority; (d) the Eligible Executive is required to permanently relocate outside of a fifty (50) mile radius of the Eligible Executive’s principal residence in order to perform his or her duties hereunder; (e) the Eligible Executive is asked or required to resign in connection with a Change in Control and does so resign; or (f) an adverse change in the Eligible Executive’s (i) reporting level or responsibilities, (ii) title and/or scope of responsibility, (iii) management authority, or (iv) the scope or size of the business or entity for which the Eligible Executive had responsibility,  in each case as in effect immediately prior to the effective time of a Change in Control.
		

		
			 
		

		
			8.       Definition of Change in Control.  For purposes of this Policy, the term “Change in Control” shall mean the occurrence of any of the following events: (a) the Sponsor Group ceases to beneficially own (within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended) a majority of the outstanding equity interest of the Company or its successor (by consolidation or merger); (b) any sale, lease, exchange or other transfer (in one transaction or in a series of related transactions) of all, or substantially all, of the assets of the Company, other than to an entity (or entities) of which the Sponsor Group beneficially owns a majority of the 
		

		 

		

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		outstanding equity interest; (c) individuals who as of the Effective Date constitute the board of directors of the Company (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election or nomination for election was approved by a vote of at least seventy-five percent (75%) of the directors comprising the Incumbent Board  shall be, for purposes of this clause (c) considered as though such person were a member of the Incumbent Board; or (d) the consummation of a court-approved plan of reorganization in the proceeding styled In re Energy Future Holdings Corp., et al., Case No. 14-10979 (CSS), pending in the United States Bankruptcy Court for the District of Delaware.  For purposes of this Section 8, the term “Sponsor Group” shall mean investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P., TPG Capital, L.P. and Goldman Sachs & Co.
		

		
			 
		

		
			9.       Legal Fees.  The Company shall pay or reimburse all reasonable legal fees and expenses (including, without limitation, arbitration fees and expenses) incurred by an Eligible Executive in disputing in good faith the Eligible Executive’s benefits under this Policy, up to a maximum of $250,000 in the aggregate, per Eligible Executive.  Such payments or reimbursements shall be made within thirty (30) business days after delivery of the Eligible Executive’s written request for such payment or reimbursement, accompanied by such evidence as the Company may reasonably require.
		

		
			 
		

		
			In order to comply with Code Section 409A, in no event shall any payments made by the Company under this Section 9 be made later than the end of the calendar year next following the calendar year in which such fees and expenses were incurred; provided, however, that the Eligible Executive shall have submitted the written request for payment or reimbursement at least thirty (30) days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred.  The amount of such legal fees and expenses that the Company is obligated to pay or reimburse in any calendar year shall not affect the amount of legal fees and expenses that the Company is obligated to pay or reimburse in any other calendar year, and the Eligible Executive’s right to have the Company pay or reimburse such legal fees and expenses may not be liquidated or exchanged for any other benefit.
		

		
			 
		

		
			10.       Successor Bound by Policy.  It is the intent of the Company that this Policy will be assumed by, and be binding upon, a successor employer of an Eligible Executive following a Change in Control.  The Company intends to seek the express assumption of this Policy by any such successor employer.  If a successor employer fails or refuses to expressly assume this Policy prior to the effective date of a Change in Control, the Eligible Executives will, effective immediately prior to the effective time of a Change in Control, be eligible for the benefits provided for in this Policy upon each of their respective termination or resignation of employment, with or without Good Reason.
		

		
			 
		

		
			11.       Amendments.  This Policy may be amended at any time by the Board of Directors of the Company (“Board”) or a duly authorized committee thereof; provided, however, that no such amendment that materially adversely affects the benefits available to Eligible Executives may be made (a) at a time that the Company is in the process of negotiating, with the approval of the Board or a duly authorized committee thereof, with a third party pursuant to a letter of intent, memorandum of understanding, confidentiality agreement or other similar evidence of active negotiation concerning a potential transaction or event which, if 
		

		 

		

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		consummated, would constitute a Change in Control, or (b) within 24 months following a Change in Control.
		

		
			 
		

		
			12.       Code Section 409A.
		

		
			 
		

		
			(a)      Notwithstanding any provision of this Policy to the contrary, the time and form of any payment described in this Policy shall be made in accordance with the applicable Section of the Policy (including expense reimbursements), provided that with respect to termination or resignation of employment for reasons other than death, the payment or benefit at such time can be characterized as a “short-term deferral” for purposes of Code Section 409A or as otherwise exempt from the provisions of Code Section 409A, or if any portion of the payment cannot be so characterized, and the Eligible Executive is a “specified employee” under Code Section 409A, such portion of the payment shall be delayed until the earlier to occur of the Eligible Executive’s death or the date that is six (6) months and one (1) day following the Eligible Executive’s termination or resignation of employment (the “Delay Period”).  Upon the expiration of the Delay Period, all payments delayed pursuant to this Section 10 shall be paid or reimbursed to the Eligible Executive in a lump sum, and any remaining payments shall be payable at the same time and in the same form as such amounts would have been paid in accordance with the applicable Section of the Policy.  For purposes of the Policy, the terms “terminated,” “termination from employment,” “resigns for Good Reason,” “termination or resignation of employment”  and variations thereof, as used in this Policy, are intended to mean a termination of employment that constitutes a “separation from service” under Code Section 409A.
		

		
			 
		

		
			(b)      Except as otherwise permitted under Code Section 409A and the guidance and Treasury regulations issued thereunder, the time or schedule of any payment or amount scheduled to be paid pursuant to the Policy may not be accelerated.    Each payment under this Policy shall be treated as a separate payment for purposes of Code Section 409A.
		

		

		

		 

		

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			(c)      The Policy and the benefits provided hereunder are intended to comply with Code Section 409A to the extent applicable thereto.  Notwithstanding any other provision of the Policy to the contrary, the Policy shall be interpreted and construed consistent with this intent.  Notwithstanding the foregoing, the Company shall not be required to assume any increased economic burden in connection therewith.  Although the Company intends to administer the Policy so that it will comply with the requirements of Code Section 409A, the Company does not represent or warrant that the Policy will comply with Code Section 409A or any other provision of federal, state, local, or non-United States law.  Neither the Company, its Subsidiaries, nor their respective directors, officers, employees or advisers shall be liable to any Eligible Executive (or any other individual claiming a benefit through an Eligible Executive) for any tax, interest, or penalties the Eligible Executive may owe as a result of participation in the Policy, and the Company and its Subsidiaries shall have no obligation to indemnify or otherwise protect any Eligible Executive from the obligation to pay any taxes pursuant to Code Section 409A.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ONCOR ELECTRIC DELIVERY COMPANY LLC

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Deborah L. Dennis

				
	
					
						 

					
					
						 

					
					
						Deborah L. Dennis

				
	
					
						 

					
					
						 

					
					
						Senior Vice President, Human Resources &

				
	
					
						 

					
					
						 

					
					
						Corporate Affairs

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Date:

					
					
						August 1, 2015

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		

		

		 

		

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			Exhibit A
		

		
			 
		

		
			AGREEMENT AND RELEASE
(EXECUTIVE CHANGE IN CONTROL POLICY)
		

		
			 
		

		
			Pursuant to the terms of the Oncor Electric Delivery Company (the “Company”) Third Amended and Restated Executive Change in Control Policy (the “Change in Control Policy”), the Company has offered to pay me $__________ as a Cash Severance Payment, and $____________ as a Pro Rata Target Bonus, as well as to provide healthcare benefits, out-placement assistance, and other applicable benefits under the terms of the Change in Control Policy.  In consideration for the agreements set forth herein, including but not limited to, my severing my employment with the Company, and waiving all claims and releasing the Company, its affiliates and employee benefit plans and their directors, officers, fiduciaries, employees, and agents from liability and damages related to my employment, and severance of employment, I choose to accept this offer.  I acknowledge and agree that my decision to accept this offer has been made by me on a voluntary basis.  No other promise, inducement, threat, agreement or understanding of any kind or description whatsoever has been made with or to me by any person or entity to cause me to sign this Agreement and Release (the “Agreement”).
		

		
			 
		

		
			In exchange for the Company’s payment to me and the other promises contained herein, I individually and on behalf of my spouse, heirs, successors and assigns, waive all claims and release the Company, its past, present and future, parents, subsidiaries, affiliates, divisions, successors, predecessors, and related companies, and each of the aforementioned entities’ past, present, and future shareholders, owners, investors, managers, principals, committees, administrators, sponsors, executors, trustees, partners, assigns, representatives, attorneys, directors, officers, fiduciaries, employees and agents; and any employee benefit plans maintained by the Company, its past, present and future parents, subsidiaries, affiliates, divisions, successors and predecessors and the fiduciaries, consultants, agents and service providers of each such plan (collectively, the “Released Parties”) from and against all liability and damages related in any way to my employment with, or severance from, the Company or any of the Released Parties or to any acts or omissions relating to any matter prior to and including the date I sign the Agreement.  This waiver and release includes, but is not limited to, all claims and causes of action for discrimination (based on sex, age or any other protected characteristic) and all claims and causes of action under Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended; the Civil Rights Act of 1866; the Texas Commission on Human Rights Act; the Americans with Disabilities Act; the Older Workers Benefit Protection Act of 1990; the Sarbanes-Oxley Act of 2002; the Fair Labor Standards Act; the Employee Retirement Income Security Act of 1974, as amended; the Worker Adjustment and Retraining Notification Act; the Family and Medical Leave Act; the Texas Labor Code; all state and federal statutes and regulations; all oral or written contract rights, including any rights under any Company incentive plan or program; and all rights under common law such as breach of contract, declaratory judgment, tort or personal injury of any sort.  I acknowledge and agree that I have been provided and/or have not been denied any leave requested under the Family and Medical Leave Act.
		

		
			 
		

		
			I understand that signing this Agreement is an important legal act.  I understand that I am releasing any claims I may have under the Age Discrimination in Employment Act, which 
		

		 

		

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		prohibits discrimination on the basis of age.  I acknowledge that the Company has advised me to consult an attorney before signing this Agreement.  I acknowledge that I have at least twenty-one (21) days from the day I receive this offer to consider this Agreement, and that I must sign this Agreement and mail or deliver it to the Company’s Senior Vice President, Human Resources, Oncor Electric Delivery Company LLC, 1616 Woodall Rodgers Freeway, Dallas, Texas 75202, by the end of the twenty-first (21st) day after my receipt of this offer, for my election to participate in this Agreement and receive the benefits available thereunder to be effective.  
		

		
			I understand that this Agreement also precludes me from recovering any relief as a result of any lawsuit, grievance or claim brought on my behalf provided that nothing in this Agreement will affect my entitlement, if any, to workers’ compensation or unemployment compensation.  Nothing in this Agreement restricts me from pursuing a claim for vested, accrued benefits to which I am entitled as a terminated employee under the terms of any Company employee benefit plan in which I participate.
		

		
			 
		

		
			Additionally, nothing in this Agreement restricts me in any way from communications with, filing a charge or complaint with, or full cooperation in the investigations of, any governmental agency on matters within their jurisdictions or from cooperating with the Company or Company-sponsored plans in any internal investigation.  However, as stated above, this Agreement does prohibit me from recovering any relief, including monetary relief, as a result of such activities.
		

		
			 
		

		
			I represent and warrant that I have previously disclosed and advised the Company of all instances of regulatory violations or potential noncompliance of law by the Company or any of the Released Parties of which I am aware and have provided all information related to these issues in my possession.  
		

		
			 
		

		
			I agree that in the course of my duties, I have acquired information of a proprietary and/or confidential nature relating to the business of the Company, including but not limited to, financial data and information, performance and operational information, transaction related information, including contract terms and contract related costs, billing data, customer lists and information, information related to prospective customers and business, marketing and sales plans and related information, business and operational plans, projects, developments, studies, strategies, reports, and analyses, business models, practices, procedures and processes, personnel related information,  non-public pricing and related information, including pricing curves, guidelines, models and methodologies, communications plans, non-public governmental related filings, positions and reports.  I agree to maintain in strictest confidence and not to use in any way, publish, disclose or authorize anyone else to use, publish or disclose any proprietary, confidential or other non-public information or document relating to the business or affairs of the Company, or its affiliates.  I agree not to remove or retain any figures, calculations, letters, documents, lists, papers, or copies thereof, which embody confidential and/or proprietary information of the Company or its affiliates and to immediately return any such information in my possession.  I acknowledge the reasonableness of this paragraph in light of the confidential business information to which I had access in my position with the Company, and the need for the Company to protect its investment in the confidential business information. I also agree that a breach of this paragraph, or my ongoing confidentiality obligations, would cause immediate and irreparable loss, damage and injury to the Company; that damages for such a breach would be 
		

		 

		

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		exceedingly difficult, if not impossible, to estimate; and that the Company would have no adequate remedy at law.  Accordingly, I acknowledge that injunctive relief would be appropriate relief for such breach, in addition to any other remedies at law or in equity that the Company may have, including recoupment of the benefits I will receive pursuant to this Agreement.
		

		
			 
		

		
			I further agree to return all Company property in my possession, custody or control, including but not limited to credit cards, membership cards, access cards or keys, identification badges, computers, software, cell phones, radios, Company issued logo-branded uniforms or clothing, customer and supplier lists and information and other items provided in the Company’s policies.  
		

		
			 
		

		
			I agree to cooperate fully and assist the Company or any affiliates of the Company in any litigation, claims, grievances, arbitrations, or disputes about which I have knowledge.
		

		
			 
		

		
			I agree that I will not make any false, disparaging or defamatory statement(s) or communication(s) to any third party regarding the Company or any of the Released Parties or the products, services, business or management of the Company or any other Released Party.  The Parties recognize that neither this provision, nor any other provision contained herein, prohibits either party from providing truthful testimony as required by law, subpoena or other compulsory process.
		

		
			 
		

		
			I agree that for a period of one year after my termination of employment with the Company, I will not solicit, recruit, induce, encourage or in any way cause any employee, consultant or contractor then engaged by the Company or any affiliate to terminate an employment or contractual relationship with the Company of any affiliate.
		

		
			 
		

		
			I understand and agree that any amounts which I owe the Company, or any affiliates of the Company, including but not limited to appliance purchase balances, energy conservation balances, vacation overpayment, travel expense advances, and salary over-payments resulting from prior receipt of workers’ compensation, will be offset and deducted from my final paycheck from the Company and/or the payment under this Agreement, and I agree that, if the amount of my final paycheck and payment under this Agreement is not sufficient to fully repay the amount owed, I will promptly pay the Company the full remaining amount owed.
		

		
			 
		

		
			I acknowledge and agree that none of the Released Parties has given me any financial planning, tax or similar advice with regard to the benefits under this agreement.  I acknowledge further that the financial, tax and similar effects of my decisions relating to the benefits will depend on my particular circumstances, that I should obtain advice from my own financial or tax adviser, and that none of the Released Parties are responsible for, or obligated in any way with respect to, the financial, tax or any other consequences of my decision to accept the benefits.
		

		
			 
		

		
			If any term, provision, covenant, or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of this Agreement and the other terms, provisions, covenants and restrictions hereof shall remain in full force and effect and shall in no way be affected, impaired or invalidated.
		

		
			 
		

		

		

		 

		

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		I understand that for a period of seven (7) days following the signing of this Agreement, I may revoke my acceptance of the offer by either delivering or mailing a written statement revoking my acceptance to the Company’s Senior Vice President, Human Resources, Oncor Electric Delivery Company LLC, 1616 Woodall Rodgers Freeway, Dallas, TX  75202, and this Agreement will not become effective.  In the event I so revoke my acceptance of the offer, the Company shall have no obligation to provide me any benefits contemplated herein.  If timely revocation is not made, this Agreement shall be effective and enforceable.  
		

		
			 
		

		
			I have read this Agreement and I fully understand all of its terms and what they mean.  I enter into and sign this Agreement knowingly and voluntarily, without duress or coercion of any kind whatsoever and with the intent of being bound by the Agreement.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						  

					
					
						 

					
					
						    

					
					
						 

					
					
						  

				
	
					
						 

					
					
						Date

					
					
						 

					
					
						Employee Signature

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Employee Name (Please Print)

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Social Security Number

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		 

		

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