Document:

Amended and Restated Charter for the Compensation Committee

 Exhibit 10.48 
 ALLIANCE RESOURCE PARTNERS, L.P. 
 COMPENSATION COMMITTEE CHARTER 
 Adopted: February 28, 2007 
 Amended and Restated: February 22, 2008 
  

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 COMPENSATION COMMITTEE CHARTER 
 Adopted February 28, 2007 
 Amended and Restated February 22, 2008

  

	I.	Purpose of Committee 

 The purpose of the
Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Alliance Resource Management GP, LLC (the “Company”), the managing general partner of Alliance Resource Partners, L.P. (the
“Partnership”), is to discharge the Board’s responsibilities relating to compensation of the Partnership’s executives and the Company’s directors and to produce an annual report relating to the CD&A (as defined below)
for inclusion in the Partnership’s Annual Report on Form 10-K, in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). 
  

	II.	Committee Membership 

 The Committee shall be
composed of three or more members of the Board, each of whom the Board has determined has no material relationship with the Company, the Partnership or any of its consolidated subsidiaries and each of whom is otherwise “independent” under
the NASDAQ rules. 
 All matters before the Committee shall be determined by a majority vote of the Committee members present. 
 Members shall be appointed by the Board and shall serve at the pleasure of the Board and for such terms as the Board may determine. 
  

	III.	Committee Structure and Operations 

 The
Board shall designate one member of the Committee as its chairperson. The Committee shall meet in person or telephonically at least once a year at a time and place determined by the Committee chairperson, with further meetings to occur, or actions
to be taken by unanimous written consent, when deemed necessary or desirable by the Committee or its chairperson. The Committee shall produce a report that summarizes the actions taken at each Committee meeting, and such report shall be presented to
the Board at the next Board meeting. 
 The Committee may invite such members of management to its meetings, as it may deem desirable or
appropriate, consistent with the maintenance of the confidentiality of compensation discussions. The Partnership’s President and Chief Executive Officer (the “CEO”) should not attend any meeting where the CEO’s performance or
compensation are discussed, unless specifically invited by the Committee. 
  

	IV.	Committee Duties and Responsibilities 

 The
following are the duties and responsibilities of the Committee: 
  

	 	1.	To review corporate goals and objectives relative to the CEO. 

  

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	 	2.	To set the CEO’s compensation level. 

  

	 	3.	To review corporate goals and objectives relative to the Partnership’s senior executive officers, including the Partnership’s named executive officers.

  

	 	4.	To set the compensation level of the Partnership’s senior executive officers. 

  

	 	5.	Review and approve, in consultation with senior management, the Partnership’s general compensation philosophy, strategy, policies and programs. 

  

	 	6.	Review and approve, in consultation with senior management, the Partnership’s executive compensation programs including the establishment of salaries and other compensation for
the Partnership’s CEO, Chief Financial Officer and the other executive officers, including those named in the Summary Compensation Table. 

  

	 	7.	Review and approve the Partnership’s management incentive compensation plans, and equity-based plans, including, without limitation, the Partnership’s short-term incentive
plan (STIP), long-term incentive plan (LTIP) and supplemental executive retirement plan (SERP). 

  

	 	8.	Review and recommend to the Company’s Board of Directors for approval grants of restricted units under the LTIP or other awards pursuant to such plan and any other equity-based
plans, if applicable. 

  

	 	9.	Periodically review senior management’s recommendations with respect to the Partnership’s ERISA-qualified benefit plans and retirement program. 

 

	 	10.	Review perquisites or other personal benefits to the Partnership’s executive officers and the Company’s directors and recommend any changes to the Company’s Board of
Directors. 

  

	 	11.	Review expense statements of executive officers. 

  

	 	12.	To the extent we have any employment agreements or any of the following arrangements, review and approve any employment agreements, severance or termination arrangements or change
of control arrangements to be made with any executive officer of the Partnership. 

  

	 	13.	Approve a policy regarding director compensation and recommend to the Company’s Board of Directors annual retainer amounts consistent with the director compensation policy.

  

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	 	14.	In connection with the Partnership’s Annual Report on Form 10-K or other applicable SEC filing: 

  

	 	(A)	review and discuss with management the Compensation Discussion and Analysis (“CD&A”) required by SEC Regulation S-K, Item 402. Based on such review and
discussion, recommend to the Company’s Board of Directors that the CD&A be included in the Partnership’s Annual Report on Form 10-K or other applicable SEC filing. 

  

	 	(B)	prepare the compensation committee report in accordance with all applicable rules and regulations of the SEC for inclusion above the names of the members of the compensation
committee in the Partnership’s Annual Report on Form 10-K. This report shall state the Committee (i) reviewed and discussed with management the CD&A and (ii) based on such review and discussion, recommended to the Company’s
Board of Directors that the CD&A be included in the Partnership’s Annual Report on Form 10-K or other applicable SEC filing. 

  

	 	15.	In its sole discretion, have the ability to retain experts, consultants and other advisors, including without limitation, independent counsel, compensation consulting firms and
legal or other advisors as the Committee deems necessary, to aid in the Committee’s discharge of its duties. 

  

	 	16.	Perform such other activities consistent with the Committee’s charter, the Partnership’s partnership agreement, the Partnership’s Certificate of Limited Partnership,
the Company’s Certificate of Formation, governing law, the rules and regulations of the NASDAQ and such other requirements applicable to us as the Committee or the Company’s Board of Directors deem necessary or appropriate.

  

	 	17.	Review and reassess the adequacy of the Committee’s charter annually and submit recommended changes, if any, to the Company’s Board of Directors for its consideration and
approval. 

  

	 	18.	Annually perform an evaluation of itself. 

  

	V.	Delegation to Subcommittee 

 The Committee
may, in its discretion, delegate all or a portion of its duties and responsibilities to a subcommittee of the Committee. In particular, the Committee may delegate the approval of certain transactions to a subcommittee composed solely of one or more
members of the Committee who are (i) “Non-Employee Directors” for the purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as in effect from time to time, and (ii) “outside directors” for the purposes of
Section 162(m) of the Internal Revenue Code, as in effect from time to time. 
  

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	VI.	Resources and Authority of the Committee 

 The Committee shall have the resources and authority appropriate to discharge its duties and responsibilities, including the authority to select, retain, terminate, and approve the fees and other retention terms of special counsel or other
experts or consultants, as it deems appropriate, without seeking approval of the Board or management. With respect to consultants retained to assist in the determination or evaluation of director, CEO or senior executive compensation, this authority
shall be vested solely in the Committee. 
  

 5 of 5Second Amendment to the Amended and Restated Supplemental Executive Retirement

 Exhibit 10.50 
 SECOND AMENDMENT 
 TO THE AMENDED AND RESTATED 
 ALLIANCE COAL, LLC 
 SUPPLEMENTAL
EXECUTIVE RETIREMENT PLAN 
 WHEREAS, Section 7.1 of the Amended and Restated Alliance Coal, LLC Supplemental Executive
Retirement Plan (the “Plan”) provides that it may be amended by the Compensation Committee of the Board of Directors of Alliance Resource Management GP, LLC (the “Compensation Committee”); and 
 WHEREAS, the Compensation Committee has approved amending the Plan as set forth herein. 
 NOW, THEREFORE, the Plan is hereby amended as follows: 
  

	 	1.	Section 6.2 is amended to read as follows: 

 6.2 Form of Payment. Payment of Accounts to Participants shall be in cash (subject to applicable withholding). 
  

	 	2.	Section 6.3 is amended to read as follows: 

 6.3 Deferral of Payment. A Participant may elect to have the amount credited to his Account paid in a single sum, or in substantially equal annual installments over a period not to exceed fifteen (15) years. All Participants in
the Plan as of December 31, 2008 must make such election no later than December 31, 2008. New Participants shall make such election no later than thirty (30) days following designation by the Committee for participation in the Plan.
If a Participant fails to make a timely election pursuant to this Section, his Account shall be paid in a single sum. 
 EXECUTED and EFFECTIVE this 29th day of January 2008. 
  

			
	ALLIANCE COAL, LLC
		
	By:	 	 /s/ R. Eberley Davis

	Name:	 	R. Eberley Davis
	Title:	 	Senior Vice President, General Counsel and SecretarySecond Amendment to the Short-Term Incentive Plan

 Exhibit 10.53 
 SECOND AMENDMENT 
 TO THE 
 ALLIANCE COAL, LLC 
 SHORT-TERM INCENTIVE PLAN 
 WHEREAS, Alliance Coal, LLC (the “Company”) maintains the Alliance Coal, LLC Short-Term Incentive Plan (the “Plan”); and

 WHEREAS, the Company desires to amend the Plan as hereinafter set forth; 
 NOW, THEREFORE, the Plan is hereby amended by revising Paragraph 7 to read as follows: 
  

	7.	DISCRETIONARY PAYMENTS OUTSIDE THE PAY-OUT POOL. 

 In the event that any
Participant’s exceptional individual performance is demonstrated to substantially exceed standard expectations and responsibilities, the Company’s CEO (or his designee(s)) may award and distribute a discretionary bonus to a Participant.
The Company’s CEO shall have the authority to make such discretionary bonus pay-outs. 
 EXECUTED and EFFECTIVE this 26th day of July 2007. 
  

			
	 ALLIANCE COAL, LLC

		
	 By:
	 	 /s/ R. Eberley Davis

	 Name:
	 	R. Eberley Davis
	 Title:
	 	Senior Vice President

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