Document:

Exhibit 10.2 2006 AMC Executive Incentive Plan

    
      

    

     

    Exhibit
      10.2

     

    

    

    2006
      Ameren Executive Incentive Plan

    Officer
      Level

    
      

    

     

    
      SUMMARY

      The
        Ameren Executive Incentive Plan (EIP) is intended to reward Officers for
        their
        contributions to Ameren’s success. The EIP is funded based on earnings per share
        (EPS) performance, and rewards leaders on corporate EPS performance and
        individual performance. The plan is approved by the Human Resources Committee
        of
        the Board of Directors.

      

      EIP
        ELIGIBILITY

      All
        Officers who are actively employed on December 31, 2006 are eligible to
        participate in the Executive Incentive Plan pursuant to the terms described
        herein. Additionally, Officers who retire, decease, become disabled during
        2006
        (the plan year), or whose employment is involuntarily terminated as a result
        of
        a reduction in force, elimination of position, or change in strategic demand
        are
        eligible to participate in the EIP pursuant to the terms described herein.
        

      

      Officers
        who voluntarily terminate employment, for reasons other than retirement,
        death
        or disability during the plan year or following the plan year, but before
        awards
        are paid, forfeit participation in the EIP. Additionally, Officers who are
        involuntarily terminated for any reason other than a reduction in force,
        elimination of a position, or change in strategic demand, during the plan
        year
        or following the plan year, but before awards are paid, forfeit participation
        in
        the EIP.

      

      EIP
        FUNDING

      EIP
        funding is the total amount of incentive money available for award to employees.
        The EIP is funded based on the achievement of Ameren Corporation’s earnings per
        share (EPS) for the plan year (achievement levels may be adjusted to reflect
        refunds and rate changes under regulatory sharing plans or other extraordinary
        one-time events). 

      

      Three
        levels of EPS achievement will be established to reward eligible employees
        for
        progress achieved in overall EPS performance. Achievement of EPS falling
        between
        the established levels will be interpolated. The three levels are defined
        as:

      

      	1.  	
              Threshold:
                This is the minimum
                level of corporate financial achievement for incentive awards to
                be
                available. Since the payment of incentives reflects a large cost
                to the
                organization, Ameren must achieve this level of EPS to justify the
                payment
                given our fiduciary responsibility to our owners - the
                shareholders.

            

      

      	2.  	
              Target:
                This is Ameren’s targeted
                level of financial achievement. This is the level our shareholders
                and
                Wall Street expect Ameren to achieve. 

            

      

      	3.  	
              Maximum:
                This level shares higher rewards in years of strong financial performance.
                This level will be very difficult to achieve, but in years of outstanding
                performance, officers will share in Ameren’s
                success.

            

      

      AWARD
        OPPORTUNITIES

      Award
        opportunity percentages are set by the Human Resources Committee of the Board
        of
        Directors. Officers will receive specific communications regarding their
        incentive target opportunity.

       

       

       

       

       

      
        
          People
            are the Foundation of our Success and the Key to Achieving our
            Vision

          Page 1

          

           

        

        
           

          
            

          

        

        
           

           

        

      

      

      PERFORMANCE
        COMPONENT WEIGHTINGS

      The
        EIP
        includes two performance award components: EPS performance and individual
        performance. The performance award components are the measures used to determine
        an award payment. Each component is weighted. This weight indicates how much
        of
        the available funding will be available for each component. 

      

      The
        weightings for the 2006 plan are:

      

      EPS                   50%
        

      Business
        Line KPIs/Individual    50%
        

      

      EPS:
        This
        component is the corporate level of measurement; Ameren’s earnings per share
        achievement. Fifty percent of the available bonus funds will be available
        for
        payment to each officer based on corporate success. 

      

      Business
        Line/Individual:
        Each
        officer will have 50% of their available bonus determined by their personal
        contributions to business performance as assessed by the officer to whom
        they
        report. 

      

      EIP
        PAYOUT

      Awards
        will be paid by March 15th,
        2007.
        The award opportunity is based on the officer’s salary as of December 31, 2006
        (or upon the officer’s salary at the time of retirement, death or disability).
        Awards will be prorated based on the amount of time worked during the plan
        year
        for eligible employees who: 1) are hired after the plan year begins; 2) retire
        during the plan year; 3) decease during the plan year; 4) become disabled
        during
        the plan year; or 5) are involuntarily terminated during the plan year as
        a
        result of a reduction in force, elimination of position, or change in strategic
        demand. 

      

      The
        Human
        Resources Committee of the Board of Directors will approve the final amount
        of
        payment upon recommendation of the CEO of Ameren Corporation.

      

      CONTACT

      Questions
        regarding this plan may be directed to the Managing Supervisor, Compensation
        & Performance at (314) 554-2049.

       

       

       

       

       

       

       

       

       

      

        
          
            People
              are the Foundation of our Success and the Key to Achieving our
              Vision

            Page 2AMC 2006 Omnibus Incentive Compensation Plan

    
      

    

    Exhibit
      10.3

     

     

                        Ameren
      Corporation

                        2006
      Omnibus Incentive Compensation 

                        Plan

     

                        Effective
      May 2, 2006

     

     

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
 

    Contents

     

     

     

    
      
        

      

    

     

    
      	Article 1.    Establishment, Purpose,
              and Duration 	
              1

            
	Article 2.    Definitions 	
              1

            
	Article 3.    Administration	
              5

            
	Article 4.    Shares Subject to this Plan
              and Maximum Awards	
              6

            
	Article 5.    Eligibility and
              Participation	
              8

            
	Article 6.    Stock Options	
              8

            
	Article 7.    Stock Appreciation Rights	
              9

            
	Article 8.    Restricted Stock and
              Restricted Stock Units	
              11

            
	Article 9.    Performance Units/Performance
              Shares	
              12

            
	Article 10.  Cash-Based Awards and Other Stock-Based
              Awards	
              13

            
	Article 11.  Transferability of Awards	
              13

            
	Article 12.  Performance Measures	
              14

            
	Article 13.  Director Awards	
              15

            
	
              Article 14.  Dividend Equivalents

            	
              15

            
	Article 15.  Beneficiary Designation	
              15

            
	Article 16.  Rights of Participants	
              16

            
	Article 17.  Change of Control	
              16

            
	Article 18.  Amendment, Modification, Suspension, and
              Termination	
              16

            
	Article 19.  Withholding	
              17

            
	Article 20.  Successors	
              17

            
	Article 21.  General Provisions	
              17

            

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Ameren
      Corporation

    2006
      Omnibus Incentive Compensation Plan

    

    
      
        

        Article
          1. Establishment, Purpose, and Duration

        1.1 Establishment. Ameren
          Corporation, a Missouri corporation (hereinafter referred to as the “Company”),
          establishes an incentive compensation plan to be known as the Ameren Corporation
          2006 Omnibus Incentive Compensation Plan
          (hereinafter referred to as the “Plan”), as set forth in this
          document.

         

        This
          Plan
          permits the grant of Nonqualified Stock Options, Incentive Stock Options,
          Stock
          Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance
          Shares, Performance Units, Cash-Based Awards and Other Stock-Based
          Awards.

         

        This
          Plan
          shall become effective upon shareholder approval (the “Effective Date”) and
          shall remain in effect as provided in Section 1.3 hereof. The Company may
          make contingent Awards before the Effective Date, provided that the vesting,
          exercise, or payment of such Awards is expressly conditioned on shareholder
          approval and the Awards are forfeited if shareholders do not approve the
          Plan.

         

        1.2 Purpose
          of this Plan.
          The
          purpose of this Plan is to provide a means whereby Employees and
          Directors of the Company develop a sense of proprietorship and personal
          involvement in the development and financial success of the Company, and
          to
          encourage them to devote their best efforts to the business of the Company,
          thereby advancing the interests of the Company and its shareholders. A
          further
          purpose of this Plan is to provide a means through which the Company may
          attract
          able individuals to become Employees or serve as Directors of the
          Company.

         

        1.3 Duration
          of this Plan.
          Unless
          sooner terminated as provided herein, this Plan shall terminate ten (10)
          years
          from the Effective Date. After this Plan is terminated, no Awards may be
          granted
          but Awards previously granted shall remain outstanding in accordance with
          their
          applicable terms and conditions and this Plan’s terms and conditions.
          Notwithstanding the foregoing, no Incentive Stock Options may be granted
          more
          than ten (10) years after the earlier of (a) adoption of this Plan by the
          Board,
          or (b) the Effective Date.

         

        Article
          2. Definitions

        Whenever
          used in this Plan, the following terms shall have the meanings set forth
          below,
          and when the meaning is intended, the initial letter of the word shall
          be
          capitalized.

         

        
          	2.1  	
                  “Affiliate”
                    shall mean any corporation or other entity (including, but not
                    limited to,
                    a partnership or a limited liability company) that is affiliated
                    with the
                    Company through stock or equity ownership or otherwise, and is
                    designated
                    as an Affiliate for purposes of this Plan by the
                    Committee.

                

        

         

        
          	2.2  	
                  “Annual
                    Award Limit” or“Annual
                    Award Limits”
                    have the meaning set forth in Section
                    4.3.

                

        

         

         

         

         

        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

         

         

         

        
          	2.3  	
                  “Award”
                    means, individually or collectively, a grant under this Plan of
                    Nonqualified Stock Options, Incentive Stock Options, SARs, Restricted
                    Stock, Restricted Stock Units, Performance Shares, Performance
                    Units,
                    Cash-Based Awards, or Other
                    Stock-Based Awards, in each case subject to the terms of this
                    Plan.

                

        

         

        
          	2.4  	
                  “Award
                    Agreement”
                    means either (i) an agreement entered into by the Company and
                    a
                    Participant setting forth the terms and provisions applicable
                    to an Award
                    granted under this Plan, or (ii) a written or electronic statement
                    issued
                    by the Company to a Participant describing the terms and provisions
                    of
                    such Award, including any amendment or modification thereof.
                    The Committee
                    may provide for the use of electronic, internet or other non-paper
                    Award
                    Agreements, and the use of electronic, internet or other non-paper
                    means
                    for the acceptance thereof and actions thereunder by a
                    Participant.

                

        

         

        
          	2.5  	
                  “Board”
                    or
                    “Board
                    of Directors”
                    means the Board of Directors of
                    the Company.

                

        

         

        
          	2.6  	
                  “Cash-Based
                    Award”
                    means an Award, denominated in cash, granted to a Participant
                    as described
                    in Article 10.

                

        

         

        
          	2.7  	
                  “Code”
                    means the U.S. Internal Revenue Code of 1986, as amended from
                    time to
                    time. For purposes of this Plan, references to sections of the
                    Code shall
                    be deemed to include references to any applicable regulations
                    or other
                    published guidance thereunder and any successor or similar
                    provision.

                

        

         

        
          	2.8  	
                  “Committee”
                    means the Human Resources Committee of the Board or a subcommittee
                    thereof, or any other committee designated by the Board to administer
                    this
                    Plan. The members of the Committee shall be appointed from time
                    to time by
                    and shall serve at the discretion of the Board. The Committee
                    shall
                    consist of two or more persons, each of whom qualifies as a “non-employee
                    director” within the meaning of Rule 16b-3 of the Exchange Act and as an
                    “outside director” within the meaning of Code Section 162(m). If the
                    Committee does not exist or cannot function for any reason, the
                    Board may
                    take any action under the Plan that would otherwise be the responsibility
                    of the Committee.

                

        

         

        
          	2.9  	
                  “Company”
                    means Ameren Corporation, a Missouri corporation, and any successor
                    thereto as provided in Article 21
                    herein.

                

        

         

        
          	2.10  	
                  “Covered
                    Employee”
                    means any Employee who is or may become a “Covered Employee,” as defined
                    in Code Section 162(m), and who is designated, either as an individual
                    Employee or class of Employees, by the Committee within the shorter
                    of
                    (i) ninety (90) days after the beginning of the Performance Period,
                    or (ii) before twenty-five percent (25%) of the Performance Period
                    has elapsed, as a “Covered Employee” under this Plan for such applicable
                    Performance Period.

                

        

         

        
          	2.11  	
                  “Director”
                    means
                    any individual who is a member of the Board of Directors of the
                    Company
                    and who is not an employee of the
                    Company.

                

        

         

         

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

         

         

        
          	2.12  	
                  “Director
                    Award” means
                    any Award granted, whether singly, in combination, or in tandem,
                    to a
                    Participant who is a Director pursuant to such applicable terms,
                    conditions, and limitations as the Board or Committee may establish
                    in
                    accordance with this Plan.

                

        

         

        
          	2.13  	
                  “Effective
                    Date”
                    has the meaning set forth in Section
                    1.1.

                

        

         

        
          	2.14  	
                  “Employee”
                    means any individual designated as an employee of the Company,
                    its
                    Affiliates, and/or its Subsidiaries on the payroll records
                    thereof.

                

        

         

        
          	2.15  	
                  “Exchange
                    Act”
                    means the Securities Exchange Act of 1934, as amended from time
                    to time,
                    or any successor act thereto.

                

        

         

        
          	2.16  	
                  “Fair
                    Market Value”
                    or
                    “FMV”
                    means
                    a price that is based on the opening, closing, actual, high,
                    low, or
                    average selling prices of a Share reported on the New York Stock
                    Exchange
                    (“NYSE”) or other established stock exchange (or exchanges) on the
                    applicable date, the preceding trading day, the next succeeding
                    trading
                    day, or an average of trading days, as determined by the Committee
                    in its
                    discretion. Unless the Committee determines otherwise, Fair Market
                    Value
                    shall be the closing price of a Share on the most recent date
                    on which
                    Shares were publicly traded. In the event Shares are not publicly
                    traded
                    at the time a determination of their value is required to be
                    made
                    hereunder, the determination of their Fair Market Value shall
                    be made by
                    the Committee in such manner as it deems appropriate. If Fair
                    Market Value
                    is a price other than the closing price of a Share on the most
                    recent date
                    on which Shares were publicly traded, the definition of FMV shall
                    be
                    specified in the Award Agreement.

                

        

         

        
          	2.17  	
                  “Full
                    Value Award” means
                    an Award other than in the form of an ISO, NQSO, or SAR, and
                    which is
                    settled by the issuance of Shares.

                

        

         

        
          	2.18  	
                  “Grant
                    Price” means
                    the price established at the time of grant of an SAR pursuant
                    to Article
                    7, used to determine whether there is any payment due upon exercise
                    of the
                    SAR.

                

        

         

        
          	2.19  	
                  “Incentive
                    Stock Option” or“ISO”
                    means
                    an Option to purchase Shares granted under Article 6 to an Employee
                    and
                    that is designated as an Incentive Stock Option and that is intended
                    to meet the requirements of Code Section 422, or any successor
                    provision.

                

        

         

        
          	2.20  	
                  “Nonqualified
                    Stock Option”
                    or
                    “NQSO”
                    means an Option that is not intended to meet the requirements of Code
                    Section 422, or that otherwise does not meet such
                    requirements.

                

        

         

        
          	2.21  	
                  “Option”
                    means an Incentive Stock Option or a Nonqualified Stock Option, as
                    described in Article 6.

                

        

         

        
          	2.22  	
                  “Option
                    Price”
                    means the price at which a Share may be purchased by a Participant
                    pursuant to an Option.

                

        

         

        
          	2.23  	
                  “Option
                    Term” means
                    the period of time an Option is exercisable as the Committee
                    shall
                    determine at the time of grant; provided, however, no Option
                    shall be
                    exercisable later than the tenth (10th)
                    anniversary date of its grant.

                

        

         

         

         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

         

         

        
          	2.24  	
                  “Other
                    Stock-Based Award” means
                    an equity-based or equity-related Award not otherwise described
                    by the
                    terms of this Plan, granted pursuant to Article
                    10.

                

        

         

        
          	2.25  	
                  “Participant”
                    means any eligible individual as set forth in Article 5 to whom
                    an Award
                    is granted.

                

        

         

        
          	2.26  	
                  “Performance-Based
                    Compensation”
                    means compensation under an Award that is intended to satisfy
                    the
                    requirements of Code Section 162(m) for certain performance-based
                    compensation paid to Covered
                    Employees.

                

        

         

        
          	2.27  	
                  “Performance
                    Measures”
                    means measures as described in Article 12 on which the performance
                    goals
                    are based and which are approved by the Company’s shareholders pursuant to
                    this Plan in order to qualify Awards as Performance-Based
                    Compensation.

                

        

         

        
          	2.28  	
                  “Performance
                    Period”
                    means the period of time during which the performance goals must
                    be met in
                    order to determine the degree of payout and/or vesting with respect
                    to an
                    Award.

                

        

         

        
          	2.29  	
                  “Performance
                    Share”
                    means an Award under Article 9 herein and subject to the terms of
                    this Plan, denominated in Shares, the value of which at the time
                    it is
                    payable is determined as a function of the extent to which corresponding
                    performance criteria have been
                    achieved.

                

        

         

        
          	2.30  	
                  “Performance
                    Unit”
                    means an Award under Article 9 herein and subject to the terms
                    of this
                    Plan, denominated in dollars, the value of which at the time
                    it is payable
                    is determined as a function of the extent to which corresponding
                    performance criteria have been
                    achieved.

                

        

         

        
          	2.31  	
                  “Period
                    of Restriction”
                    means the period when Restricted Stock or Restricted Stock Units
                    are
                    subject to a substantial risk of forfeiture (based on the performance
                    of
                    services, the achievement of performance goals, or the occurrence
                    of other
                    events as determined by the Committee, in its discretion), as
                    provided in
                    Article 8.

                

        

         

        
          	2.32  	
                  “Person”
                    shall
                    have the meaning ascribed to such term in Section 3(a)(9) of
                    the Exchange
                    Act and used in Sections 13(d) and 14(d) thereof, including a
“group” as
                    defined in Section 13(d) thereof.

                

        

         

        
          	2.33  	
                  “Plan”
                    means the Ameren Corporation 2006 Omnibus Incentive Compensation
                    Plan.

                

        

         

        
          	2.34  	
                  “Plan
                    Year” means
                    the calendar year.

                

        

         

        
          	2.35  	
                  “Prior
                    Plan” means
                    the Company’s Long-Term Incentive Plan of
                    1998.

                

        

         

        
          	2.36  	
                  “Restricted
                    Stock”
                    means an Award granted to a Participant pursuant to Article
                    8.

                

        

         

        
          	2.37  	
                  “Restricted
                    Stock Unit”
                    means an Award granted to a Participant pursuant to Article
                    8.

                

        

         

         

         

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

         

         

        
          	2.38  	
                  “Share”
                    means a share of common stock of the Company, $.01 par value
                    per
                    share.

                

        

         

        
          	2.39  	
                  “Stock
                    Appreciation Right”
                    or
                    “SAR”
                    means an Award, designated as an SAR, pursuant to the terms of
                    Article 7
                    herein.

                

        

         

        
          	2.40  	
                  “Subsidiary”
                    means any corporation or other entity, whether domestic or foreign,
                    in
                    which the Company has or obtains, directly or indirectly, a proprietary
                    interest of more than fifty percent (50%) by reason of stock
                    ownership or
                    otherwise.

                

        

         

         

        Article
          3. Administration

        3.1 General.
          The
          Committee shall be responsible for administering this Plan, subject to
          this
          Article 3 and the other provisions of this Plan. The Committee may employ
          attorneys, consultants, accountants, agents, and other individuals, any
          of whom
          may be an Employee, and the Committee, the Company, and its officers and
          Directors shall be entitled to rely upon the advice, opinions, or valuations
          of
          any such individuals. All actions taken and all interpretations and
          determinations made by the Committee shall be final and binding upon the
          Participants, the Company, and all other interested individuals.

         

        3.2 Authority
          of the Committee.
          The
          Committee shall have full discretionary power to interpret the terms and
          the
          intent of this Plan and any Award Agreement or other agreement or document
          ancillary to or in connection with this Plan, to determine eligibility
          for
          Awards and to adopt such rules, regulations, forms, instruments, and guidelines
          for administering this Plan as the Committee may deem necessary or proper.
          Such
          authority shall include, but not be limited to, selecting Award recipients,
          establishing all Award terms and conditions, including the terms and conditions
          set forth in Award Agreements, granting Awards as an alternative to or
          as the
          form of payment for grants or rights earned or due under compensation plans
          or
          arrangements of the Company, construing any ambiguous provision of the
          Plan or
          any Award Agreement, and, subject to Article 18, adopting modifications
          and
          amendments to this Plan or any Award Agreement, including without limitation,
          any that are necessary to comply with the laws of the countries and other
          jurisdictions in which the Company, its Affiliates, and/or its Subsidiaries
          operate.

         

        3.3 Delegation.
          The
          Committee may delegate to one or more of its members or to one or more
          officers
          of the Company, and/or its Subsidiaries and Affiliates or to one or more
          agents
          or advisors such administrative duties or powers as it may deem advisable,
          and
          the Committee or any individuals to whom it has delegated duties or powers
          as
          aforesaid may employ one or more individuals to render advice with respect
          to
          any responsibility the Committee or such individuals may have under this
          Plan.
          The Committee may, by resolution, authorize one or more officers of the
          Company
          to do one or both of the following on the same basis as can the Committee:
          (a)
          designate Employees to be recipients of Awards; and (b) determine the size
          of
          any such Awards; provided, however, (i) the Committee shall not delegate
          such
          responsibilities to any such officer for Awards granted to an Employee
          who is,
          on the relevant date, a Covered Employee, or an officer, Director, or more
          than
          ten percent (10%) beneficial owner of the Company for purposes of
          Section 16 of the Exchange Act; (ii) the resolution providing such
          authorization sets forth the total number of Awards such officer(s) may
          grant;
          and (iii) the officer(s) shall report periodically to the Committee regarding
          the nature and scope of the Awards granted pursuant to the authority
          delegated.

         

         

         

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

           

        

         

        Article
          4. Shares Subject to this Plan and Maximum Awards

        4.1 Number
          of Shares Available for Awards.

         

        
          	 	
                  (a)

                	
                  Subject
                    to adjustment as provided in Section 4.4 herein, the maximum number
                    of Shares available for grant to Participants under this Plan
                    (the “Share
                    Authorization”) shall be 4,000,000 Shares. All Shares not granted or
                    subject to outstanding awards under the Company’s Prior Plan as of the
                    Effective Date and any Shares subject to outstanding awards as
                    of the
                    Effective Date under the Prior Plan that on or after the Effective
                    Date
                    cease for any reason to be subject to such awards shall be encompassed
                    within this Share Authorization. As a result, no awards may be
                    made under
                    the Prior Plan after the Effective
                    Date.

                

        

         

        
          	 	
                  (b)

                	
                  Flexible
                    Share Authorization: To
                    the extent that a Share is issued pursuant to the grant or exercise
                    of a
                    Full Value Award, it shall reduce the Share Authorization by one
                    (1) Share;
                    and, to the extent that a Share is issued pursuant to the grant
                    or
                    exercise of an Award other than a Full Value Award, it shall
                    reduce the
                    Share Authorization by .47 of a
                    Share.

                

        

         

        
          	 	
                  (c)

                	
                  The
                    maximum number of Shares that may be issued pursuant to ISOs
                    under this
                    Plan shall be equal to the Share
                    Authorization.

                

        

         

        4.2 Share
          Usage.
          Shares
          covered by an Award shall be counted as used only to the extent they are
          actually issued; however, the full number of shares covered by Stock
          Appreciation Rights granted that are to be settled by the issuance of Shares
          shall be counted against the number of Shares available for award under
          the
          Plan, regardless of the number of Shares actually issued upon settlement
          of such
          Stock Appreciation Rights. Any Shares related to Awards which terminate
          by
          expiration, forfeiture, cancellation, or otherwise without the issuance
          of such
          Shares, are settled in cash in lieu of Shares, or are exchanged with the
          Committee’s permission, prior to the issuance of Shares, for Awards not
          involving Shares, shall be available again for grant under this Plan. The
          Shares
          available for issuance under this Plan may be authorized and unissued Shares
          or
          treasury Shares.

         

        4.3 Annual
          Award Limits.
          Unless
          and until the Committee determines that an Award to a Covered Employee
          shall not
          be designed to qualify as Performance-Based Compensation, the following
          limits
          (each an “Annual Award Limit” and, collectively, “Annual Award Limits”) shall
          apply to grants of Awards under this Plan:

         

        
          	 	
                  (a)

                	
                  Options:
                    The maximum aggregate number of Shares subject to Options granted
                    in any
                    one Plan Year to any one Participant shall be two
                    million (2,000,000).

                

        

         

        
          	 	
                  (b)

                	
                  SARs:
                    The maximum aggregate number of Shares subject to Stock Appreciation
                    Rights granted in any one Plan Year to any one Participant shall
                    be two
                    million (2,000,000).

                

        

         

        
          
            	 	
                    (c)

                  	
                    Restricted
                      Stock or Restricted Stock Units:
                      The maximum aggregate grant with respect to Awards of Restricted
                      Stock or
                      Restricted Stock Units in any one Plan Year to any one Participant
                      shall
                      be three hundred thousand (300,000)
                      Shares.

                  

          

        

         

         

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

         

         

        
          	(d)  	
                  Performance
                    Units or Performance Shares:
                    The maximum aggregate number of Performance Units or Performance
                    Shares
                    that a Participant may be awarded in any one Plan Year shall
                    be three
                    hundred thousand (300,000) Shares. As noted in Section 9.3, up
                    to two and
                    one-half Shares (or the cash value of two and one-half Shares)
                    may be
                    issued with respect to a Performance Unit or Performance Share,
                    depending
                    on the level of performance.

                

        

         

        
          	(e)  	
                  Cash-Based
                    Awards:
                    The maximum aggregate amount awarded with respect to Cash-Based
                    Awards to
                    any one Participant in any one Plan Year may not exceed five
                    million
                    ($5,000,000) dollars determined
                    as of the date of vesting.

                

        

         

        
          	(f)  	
                  Other
                    Stock-Based Awards.
                    The maximum aggregate grant with respect to Other Stock-Based
                    Awards
                    pursuant to Section 10.2 in any one Plan Year to any one Participant
                    shall
                    be three hundred thousand (300,000)
                    Shares.

                

        

         

        4.4 Adjustments
          in Authorized Shares.
          In the
          event of any corporate event or transaction (including, but not limited
          to, a
          change in the Shares of the Company or the capitalization of the Company)
          such
          as a merger, consolidation, reorganization, recapitalization, separation,
          partial or complete liquidation, stock dividend, stock split, reverse stock
          split, split up, spin-off, or other distribution of stock or property of
          the
          Company, combination of Shares, exchange of Shares, dividend in kind, or
          other
          like change in capital structure, number of outstanding Shares or distribution
          (other than normal cash dividends) to shareholders of the Company, or any
          similar corporate event or transaction, or in the event of unusual or
          nonrecurring events affecting the Company or the financial statements of
          the
          Company or of changes in applicable laws, regulations, or accounting principles,
          the Committee, in its sole discretion, in order to prevent dilution or
          enlargement of Participants’ rights under this Plan, shall substitute or adjust,
          as applicable, the number and kind of Shares that may be issued under this
          Plan
          or under particular forms of Awards, the number and kind of Shares subject
          to
          outstanding Awards, the Option Price or Grant Price applicable to outstanding
          Awards, the Annual Award Limits, and other value determinations applicable
          to
          outstanding Awards.

         

        The
          Committee, in its sole discretion, may also make appropriate adjustments
          in the
          terms of any Awards under this Plan to reflect, or related to, such changes
          or
          distributions and to modify any other terms of outstanding Awards, including
          modifications of performance goals and changes in the length of Performance
          Periods. The Committee shall not make any adjustment pursuant to this Section
          4.4 that would prevent Performance-Based Compensation from satisfying the
          requirements of Code Section 162(m); that would cause an Award that is
          otherwise
          exempt from Code Section 409A to become subject to Section 409A, or that
          would
          cause an Award that is subject to Code Section 409A to fail to satisfy
          the
          requirements of Section 409A. The determination of the Committee as to
          the
          foregoing adjustments, if any, shall be conclusive and binding on Participants
          under this Plan.

         

            Subject
          to the
          provisions of Article 18 and notwithstanding anything else herein to the
          contrary, without affecting the number of Shares reserved or available
          hereunder, the Committee may authorize the issuance or assumption of benefits
          under this Plan in connection with any merger, consolidation, acquisition
          of
          property or stock, or reorganization upon such terms and conditions as
          it may
          deem appropriate (including, but not limited to, a conversion of equity
          awards
          into Awards

         

         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

         

         

        under
          this Plan in a manner consistent with paragraph 53 of FASB Interpretation
          No.
          44), subject to compliance with the rules under Code Sections 409A, 422,
          and
          424, as and where applicable.

         

        Article
          5. Eligibility and Participation

        5.1 Eligibility.
          Individuals eligible to participate in this Plan include all Employees
          and
          Directors.

         

        5.2 Actual
          Participation.
          Subject
          to the provisions of this Plan, the Committee may, from time to time, select
          from all eligible individuals, those individuals to whom Awards shall be
          granted
          and shall determine, in its sole discretion, the nature of any and all
          terms
          permissible by law, and the amount of each Award.

         

        Article
          6. Stock Options

        6.1 Grant
          of Options.
          Subject
          to the terms and provisions of this Plan, Options may be granted to Participants
          in such number, and upon such terms, and at any time and from time to time
          as shall be determined by the Committee, in its sole discretion;
          provided
          that ISOs may be granted only to eligible Employees of the Company or of
          any
          parent or subsidiary corporation (as permitted under Code Sections 422
          and
          424).

         

        6.2 Award
          Agreement.
          Each
          Option grant shall be evidenced by an Award Agreement that shall specify
          the
          Option Price, the maximum duration of the Option, the number of Shares
          to which
          the Option pertains, the conditions upon which an Option shall become vested
          and
          exercisable, and such other provisions as the Committee shall determine
          which
          are not inconsistent with the terms of this Plan. The Award Agreement also
          shall
          specify whether the Option is intended to be an ISO or a NQSO.

         

        6.3 Option
          Price.
          The
          Option Price for each grant of an Option under this Plan shall be determined
          by
          the Committee in its sole discretion and shall be specified in the Award
          Agreement; provided, however, the Option Price must be at least equal to
          one
          hundred percent (100%) of the FMV of the Shares as determined on the date
          of
          grant.

         

        6.4 Term
          of Options.
          Each
          Option granted to a Participant shall expire at such time as the Committee
          shall
          determine and set forth in the Award Agreement at the time of grant; provided,
          however, no Option shall be exercisable later than the tenth (10th)
          anniversary date of its grant. Notwithstanding the foregoing, for
          Nonqualified Stock Options granted to Participants outside the United States,
          the Committee has the authority to grant Nonqualified Stock Options that
          have a
          term greater than ten (10) years.

         

        6.5 Exercise
          of Options.
          Options
          granted under this Article 6 shall be exercisable at such times and be
          subject to such restrictions and conditions as the Committee shall in each
          instance approve, which terms and restrictions need not be the same for
          each
          grant or for each Participant.

         

        
              6.6 Payment.
            Options
            granted under this Article 6 shall be exercised by the delivery of a
            notice of
            exercise to the Company or an agent designated by the Company in a form
            specified or accepted by the Committee, or by complying with any alternative
            procedures which may be authorized by the Committee, setting forth the
            number of
            Shares with respect to which the Option is

           

        

         

        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

         

        to
          be
          exercised, accompanied by full payment for the Shares. The Shares shall
          become
          the property of the Participant on the exercise date, subject to any forfeiture
          conditions specified in the Option.

         

        A
          condition of the issuance of the Shares as to which an Option shall be
          exercised
          shall be the payment of the Option Price at the time of the exercise. The
          Option
          Price of any Option shall be payable to the Company in full either: (a) in
          cash or its equivalent; (b) by tendering (either by actual delivery or
          attestation) previously acquired Shares having an aggregate Fair Market
          Value at
          the time of exercise equal to the Option Price (provided that except as
          otherwise determined by the Committee, the Shares that are tendered must
          have
          been held by the Participant for at least six (6) months (or such other
          period,
          if any, as the Committee may permit) prior to their tender to satisfy the
          Option
          Price if acquired under this Plan or any other compensation plan maintained
          by
          the Company or have been purchased on the open market); (c) by a cashless
          (broker-assisted) exercise; (d) by a combination of (a), (b) and/or (c);
          or (e)
          any other method approved or accepted by the Committee in its sole
          discretion.

         

        Subject
          to any governing rules or regulations, as soon as practicable after receipt
          of
          written notification of exercise and full payment (including satisfaction
          of any
          applicable tax withholding), the Company shall deliver to the Participant
          a
          statement of holdings as evidence of book entry uncertificated Shares,
          or at the
          sole discretion of the Committee upon the Participant’s request, Share
          certificates in an appropriate amount based upon the number of Shares purchased
          under the Option(s).

         

        Unless
          otherwise determined by the Committee, all payments under all of the methods
          indicated above shall be paid in United States dollars.

         

        6.7 Restrictions
          on Share Transferability.
          The
          Committee may impose such restrictions on any Shares acquired pursuant
          to the
          exercise of an Option granted under this Article 6 as it may deem advisable,
          including, without limitation, minimum holding period requirements, restrictions
          under applicable federal securities laws, under the requirements of any
          stock
          exchange or market upon which such Shares are then listed and/or traded, or
          under any blue sky or state securities laws applicable to such
          Shares.

         

        6.8 Termination
          of Employment. Each
          Participant’s Award Agreement shall set forth the extent to which the
          Participant shall have the right to exercise the Option following termination
          of
          the Participant’s employment or provision of services to the Company, its
          Affiliates, and/or its Subsidiaries, as the case may be. Such provisions
          shall
          be determined in the sole discretion of the Committee, shall be included
          in the
          Award Agreement entered into with each Participant, need not be uniform
          among
          all Options issued pursuant to this Article 6, and may reflect distinctions
          based on the reasons for termination.

         

        Article
          7. Stock Appreciation Rights

        7.1 Grant
          of SARs.
          Subject
          to the terms and conditions of this Plan, SARs may be granted to Participants
          at
          any time and from time to time as shall be determined by the
          Committee.

         

            Subject
          to the terms
          and conditions of this Plan, the Committee shall have complete discretion
          in
          determining the number of SARs granted to each Participant and, consistent
          with
          the provisions of this Plan, in determining the terms and conditions pertaining
          to such SARs.

         

         

        
          
            
            

          

          
            9

            
              

            

          

          
            
            

          

        

         

         

         

        The
          Grant
          Price for each grant of an SAR shall be determined by the Committee and
          shall be
          specified in the Award Agreement; provided, however, the Grant Price on
          the date
          of grant must be at least equal to one hundred percent (100%) of the FMV
          of the
          Shares as determined on the date of grant.

         

        7.2 SAR
          Agreement.
          Each
          SAR Award shall be evidenced by an Award Agreement that shall specify the
          Grant
          Price, the term of the SAR, and such other provisions as the Committee
          shall
          determine.

         

        7.3 Term
          of SAR.
          The
          term of an SAR granted under this Plan shall be determined by the Committee,
          in
          its sole discretion, and set forth in the Award Agreement at the time of
          grant.
          Except as determined otherwise by the Committee and specified in the SAR
          Award
          Agreement, no SAR shall be exercisable later than the tenth (10th)
          anniversary date of its grant.

         

        7.4 Exercise
          of SARs.
          SARs
          may be exercised upon whatever terms and conditions the Committee, in its
          sole
          discretion, imposes.

         

        7.5 Settlement
          of SARs.
          Upon
          the exercise of an SAR, a Participant shall be entitled to receive payment
          from
          the Company on the exercise date in an amount determined by
          multiplying:

         

        
          	 	
                  (a)

                	
                  The
                    excess of the Fair Market Value of a Share on the date of exercise
                    over
                    the Grant Price; by

                

        

         

        
          	 	
                  (b)

                	
                  The
                    number of Shares with respect to which the SAR is
                    exercised.

                

        

         

        At
          the
          discretion of the Committee, the payment upon SAR exercise may be in cash,
          Shares, or any combination thereof, or in any other manner approved by
          the
          Committee in its sole discretion. The Committee’s determination regarding the
          form of SAR payout shall be set forth in the Award Agreement pertaining
          to the
          grant of the SAR.

         

        7.6 Termination
          of Employment.
          Each
          Award Agreement shall set forth the extent to which the Participant shall
          have
          the right to exercise the SAR following termination of the Participant’s
          employment with or provision of services to the Company, its Affiliates,
          and/or
          its Subsidiaries, as the case may be. Such provisions shall be determined
          in the
          sole discretion of the Committee, shall be included in the Award Agreement
          entered into with Participants, need not be uniform among all SARs issued
          pursuant to this Plan, and may reflect distinctions based on the reasons
          for
          termination.

         

        7.7 Other
          Restrictions.
          The
          Committee shall impose such other conditions and/or restrictions on any
          Shares
          received upon exercise of an SAR granted pursuant to this Plan as it may
          deem
          advisable or desirable. These restrictions may include, but shall not be
          limited
          to, a requirement that the Participant hold the Shares received upon exercise
          of
          an SAR for a specified period of time.

         

        
          Article
            8. Restricted Stock and Restricted Stock Units

          8.1 Grant
            of Restricted Stock or Restricted Stock Units.
            Subject
            to the terms and provisions of this Plan, the Committee, at any time
            and from
            time to time, may grant Shares of Restricted Stock and/or Restricted
            Stock Units
            to Participants in such amounts as the Committee

           

        

         

        
          
            
            

          

          
            10

            
              

            

          

          
            
            

          

        

         

         

        shall
          determine. Restricted Stock Units shall be similar to Restricted Stock
          except
          that no Shares are actually awarded to the Participant on the date of
          grant.

         

        8.2 Restricted
          Stock or Restricted Stock Unit Agreement.
          Each
          Restricted Stock and/or Restricted Stock Unit grant shall be evidenced
          by an
          Award Agreement that shall specify the Period(s) of Restriction, the number
          of
          Shares of Restricted Stock or the number of Restricted Stock Units granted,
          and
          such other provisions as the Committee shall determine.

         

        8.3 Other
          Restrictions.
          The
          Committee shall impose such other conditions and/or restrictions on any
          Shares
          of Restricted Stock or Restricted Stock Units granted pursuant to this
          Plan as
          it may deem advisable including, without limitation, a requirement that
          Participants pay a stipulated purchase price for each Share of Restricted
          Stock
          or each Restricted Stock Unit, restrictions based upon the achievement
          of
          specific performance goals, time-based restrictions on vesting following
          the
          attainment of the performance goals, time-based restrictions, and/or
          restrictions under applicable laws or under the requirements of any stock
          exchange or market upon which such Shares are listed or traded, or holding
          requirements or sale restrictions placed on the Shares by the Company upon
          vesting of such Restricted Stock or Restricted Stock Units.

         

        To
          the
          extent deemed appropriate by the Committee, the Company may retain any
          certificates or statements of holdings representing Shares of Restricted
          Stock
          in the Company’s possession until such time as all conditions and/or
          restrictions applicable to such Shares have been satisfied or
          lapse.

         

        Except
          as
          otherwise provided in this Article 8, Shares of Restricted Stock covered
          by each
          Restricted Stock Award shall become freely transferable by the Participant
          after
          all conditions and restrictions applicable to such Shares have been satisfied
          or
          lapse (including satisfaction of any applicable tax withholding obligations),
          and Restricted Stock Units shall be paid in cash, Shares, or a combination
          of
          cash and Shares as the Committee, in its sole discretion shall
          determine.

         

        8.4 Certificate
          Legend.
          In
          addition to any legends placed on certificates or statements of holdings
          pursuant to Section 8.3, each certificate or statement of holdings
          representing Shares of Restricted Stock granted pursuant to this Plan may
          bear a
          legend such as the following or as otherwise determined by the Committee
          in its
          sole discretion:

         

        The
          sale
          or transfer of Shares of stock represented by this certificate or statement
          of
          holdings, whether voluntary, involuntary, or by operation of law, is subject
          to
          certain restrictions on transfer as set forth in the Ameren Corporation
          2006
          Omnibus Incentive Compensation Plan, and in the associated Award Agreement.
          A
          copy of the Plan and such Award Agreement may be obtained from Ameren
          Corporation.

         

        8.5 Voting
          Rights.
          Unless
          otherwise determined by the Committee and set forth in a Participant’s Award
          Agreement, to the extent permitted or required by law, as determined by
          the
          Committee, Participants holding Shares of Restricted Stock granted hereunder
          may
          be granted the right
          to
          exercise full voting rights with respect to those Shares during the Period
          of
          Restriction. A Participant shall have no voting rights with respect to
          any
          Restricted Stock Units granted hereunder.
           

          8.6 Termination
            of Employment.
            Each
            Award Agreement shall set forth the extent to which the Participant shall
            have
            the right to retain Restricted Stock and/or Restricted Stock Units following
            termination of the Participant’s employment with or provision of services to the
            Company, its

        

         

         

         

        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

           

           

          Affiliates,
            and/or its Subsidiaries, as the case may be. Such provisions shall be
            determined
            in the sole discretion of the Committee, shall be included in the Award
            Agreement entered into with each Participant, need not be uniform among
            all
            Shares of Restricted Stock or Restricted Stock Units issued pursuant
            to this
            Plan, and may reflect distinctions based on the reasons for
            termination.

        

         

        8.7 Section
          83(b) Election.
          The
          Committee may provide in an Award Agreement that the Award of Restricted
          Stock
          is conditioned upon the Participant making or refraining from making an
          election
          with respect to the Award under Code Section 83(b). If a Participant makes
          an
          election pursuant to Code Section 83(b) concerning a Restricted Stock Award,
          the
          Participant shall be required to file promptly a copy of such election
          with the
          Company.

         

        Article
          9. Performance Units/Performance Shares

        9.1 Grant
          of Performance Units/Performance Shares.
          Subject
          to the terms and provisions of this Plan, the Committee, at any time and
          from
          time to time, may grant Performance Units and/or Performance Shares to
          Participants in such amounts and upon such terms as the Committee shall
          determine.

         

        9.2 Value
          of Performance Units/Performance Shares.
          Each
          Performance Unit shall have an initial value that is established by the
          Committee at the time of grant. Each Performance Share shall have an initial
          value equal to the Fair Market Value of a Share on the date of grant. The
          Committee shall set performance goals in its discretion which, depending
          on the
          extent to which they are met, will determine the value and/or number of
          Performance Units/Performance Shares that will be paid out to the
          Participant.

         

        9.3 Earning
          of Performance Units/Performance Shares.
          Subject
          to the terms of this Plan, after the applicable Performance Period has
          ended, the holder of Performance Units/Performance Shares shall be entitled
          to
          receive payout as provided in Section 9.4 on the value and number of Performance
          Units/Performance Shares earned by the Participant over the Performance
          Period,
          to be determined as a function of the extent to which the corresponding
          performance goals have been achieved. Regardless of the level of performance
          achieved, in no event will the number of Shares issued (or the amount of
          cash
          paid) with respect to a Performance Unit/Performance Share exceed two and
          one-half Shares (or the value of two and one-half Shares).

         

        9.4 Form
          and Timing of Payment of Performance Units/Performance
          Shares.
          Payment
          of earned Performance Units/Performance Shares shall be as determined by
          the
          Committee and as evidenced in the Award Agreement. Subject
          to the terms of this Plan, the Committee, in its sole discretion, may
          pay earned Performance Units/Performance Shares in the form of cash or in
          Shares (or in a combination thereof) equal to the value of the earned
          Performance Units/Performance Shares at the close of the applicable Performance
          Period, or as soon as practicable after the end of the Performance Period.
          Any
          Shares may be granted subject to any restrictions deemed appropriate by
the
          Committee. The determination of the Committee with respect to the form
          of payout
          of such Awards shall be set forth in the Award Agreement pertaining to
          the grant
          of the Award.
           

          9.5 Termination
            of Employment.
            Each
            Award Agreement shall set forth the extent to which the Participant shall
            have
            the right to retain Performance Units and/or Performance Shares following
            termination of the Participant’s employment with or provision of services to the
            Company, its Affiliates, and/or its Subsidiaries, as the case may be.
            Such
            provisions shall be determined in the sole

        

         

         

         

        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

           

           

          discretion
            of the Committee, shall be included in the Award Agreement entered into
            with
            each Participant, need not be uniform among all Awards of Performance
            Units or
            Performance Shares issued pursuant to this Plan, and may reflect distinctions
            based on the reasons for termination.

        

         

        Article
          10. Cash-Based Awards and Other Stock-Based Awards

        10.1 Grant
          of Cash-Based Awards.
          Subject
          to the terms and provisions of the Plan, the Committee, at any time and
          from time to time, may grant Cash-Based Awards to Participants in such
          amounts
          and upon such terms as the Committee may determine.

         

        10.2 Other
          Stock-Based Awards.
          The
          Committee may grant other types of equity-based or equity-related Awards
          not
          otherwise described by the terms of this Plan (including the grant or offer
          for
          sale of unrestricted Shares) in such amounts and subject to such terms
          and
          conditions as the Committee shall determine. Such Awards may involve the
          transfer of actual Shares to Participants, or payment in cash or otherwise
          of
          amounts based on the value of Shares and may include, without limitation,
          Awards
          designed to comply with or take advantage of the applicable local laws
          of
          jurisdictions other than the United States.

         

        10.3 Value
          of Cash-Based and Other Stock-Based Awards.
          Each
          Cash-Based Award shall specify a payment amount or payment range as determined
          by the Committee. Each Other Stock-Based Award shall be expressed in terms
          of
          Shares or units based on Shares, as determined by the Committee. The Committee
          may establish performance goals in its discretion. If the Committee exercises
          its discretion to establish performance goals, the number and/or value
          of
          Cash-Based Awards or Other Stock-Based Awards that will be paid out to
          the
          Participant will depend on the extent to which the performance goals are
          met.

         

        10.4 Payment
          of Cash-Based Awards and Other Stock-Based Awards.
          Payment, if any, with respect to a Cash-Based Award or an Other Stock-Based
          Award shall be made in accordance with the terms of the Award, in cash
          or Shares
          as the Committee determines.

         

        10.5 Termination
          of Employment.
          The
          Committee shall determine the extent to which the Participant shall have
          the
          right to receive Cash-Based Awards or Other Stock-Based Awards following
          termination of the Participant’s employment with or provision of services to the
          Company, its Affiliates, and/or its Subsidiaries, as the case may be. Such
          provisions shall be determined in the sole discretion of the Committee.
          Such
          provisions may be included in the Award Agreement, but need not be uniform
          among
          all Awards of Cash-Based Awards or Other
          Stock-Based Awards issued pursuant to the Plan, and may reflect distinctions
          based on the reasons for termination.

         

        Article
          11. Transferability of Awards

        11.1 Transferability.
          Except
          as
          provided in Section 11.2 below, during a Participant’s lifetime, his or her
          Awards shall be exercisable only by the Participant. Awards shall not be
          transferable other than by will or the laws of descent and distribution;
          no
          Awards shall be subject, in whole or in part, to attachment, execution,
          or levy
          of any kind; and any purported transfer in violation hereof shall be null
          and
          void. The Committee may establish such procedures as it deems appropriate
          for a
          Participant to designate a beneficiary to whom any amounts payable or Shares
          deliverable in the event of, or following, the Participant’s death, may be
          provided.

         

         

         

        
          
            
            

          

          
            13

            
              

            

          

          
            
            

          

           

           

              11.2 Committee
            Action.
            The
            Committee may, in its discretion, determine that notwithstanding Section
            11.1,
            any or all Awards (other than ISOs) shall be transferable to and exercisable
            by
            such transferees, and subject to such terms and conditions, as the Committee
            may
            deem appropriate; provided, however, no Award may be transferred for
            value (as
            defined in the General Instructions to Form S-8 Registration Statement
            under the
            Securities Act of 1933, as amended).

        

         

        Article
          12. Performance Measures

        12.1 Performance
          Goals. If
          an
          Award (other than an Option or SAR) is intended to qualify as Performance-Based
          Compensation, the Award shall vest or be paid solely on account of the
          attainment of an objective performance goal based on one or more of the
          Performance Measures listed in Section 12.2. The Committee shall establish
          the
          performance goal in writing not later than ninety (90) days after the
          commencement of the Performance Period (or, if earlier, before twenty-five
          percent (25%) of the Performance Period has elapsed), and at a time when
          the
          outcome of the performance goal is still substantially uncertain. The
          performance goal shall state, in terms of an objective formula or standard,
          the
          method for determining the amount of compensation payable to the Participant
          if
          the performance goal is attained.

         

        12.2 Performance
          Measures.
          The
          Performance Measures used to establish performance goals for Performance-Based
          Compensation shall be limited to (a) net earnings or net income (before
          or after
          taxes); (b) earnings per share; (c) net sales or revenue growth; (d) net
          operating profit; (e) return measures (including, but not limited to,
          return on assets, capital, invested capital, equity, sales, or revenue);
          (f)
          cash flow (including, but not limited to, operating cash flow, free cash
          flow,
          cash flow return on equity, and cash flow return on investment); (g) earnings
          before or after taxes, interest, depreciation, and/or amortization; (h)
          gross or
          operating margins; (i) gross revenue; (j) productivity ratios; (k) share
          price
          (including, but not limited to, growth measures); (l) expense targets;
          (m) margins; (n) operating efficiency; (o) capacity utilization; (p)
          increase in customer base; (q) environmental health and safety; (r)
          diversity; (s) quality; (t) customer satisfaction; (u) working capital
          targets;
          (v) economic value added or EVA (net operating profit after tax minus the
          sum of
          capital multiplied by the cost of capital); (w) net debt; (x) corporate
          governance; (y) total shareholder return; (z) dividend; and (aa) bond
          rating.

         

        Any
          Performance Measure(s) may be used to measure the performance of the Company,
          Subsidiary, and/or Affiliate as a whole or any business unit of the Company,
          Subsidiary, and/or Affiliate or any combination thereof, as the Committee
          may
          deem appropriate, or any of the above Performance Measures as compared
          to the
          performance of a group of comparator companies, or published or special
          index
          that the Committee, in its sole discretion, deems appropriate, or the Company
          may select Performance Measure (k) above as compared to various stock market
          indices. The Committee also has the authority to provide for accelerated
          vesting
          of any Award based on the achievement of performance goals pursuant to
          the
          Performance Measures specified in this Article 12.

         

        
          12.3 Evaluation
            of Performance.
            The
            evaluation of performance may include or exclude the effect of any of
            the
            following events that occurs during a Performance Period, and the Committee
            shall specify in writing when it establishes the performance goal whether
            the
            effect of one or more such events shall be so included or excluded: (a)
            asset
            write-downs, (b) litigation or claim judgments or settlements, (c) the
            effect of
            changes in tax laws, accounting principles, laws, regulatory actions
            or
            provisions affecting reported results, (d) any reorganization and restructuring
            programs, (e)

        

         

        
          
            
            

          

          
            14

            
              

            

          

          
            
            

          

        

         

        extraordinary
          nonrecurring items as described in Accounting Principles Board Opinion
          No. 30
          and/or in management’s discussion and analysis of financial condition and
          results of operations appearing in the Company’s annual report to shareholders
          or Annual Report on Form 10-K, as the case may be, for the applicable year,
          (f)
          acquisitions or divestitures, and (g) foreign exchange gains and losses.
          To the
          extent such inclusions or exclusions affect Awards to Covered Employees,
          they
          shall be prescribed in a form that meets the requirements of Code Section
          162(m)
          for deductibility.

         

        12.4 Certification
          of Performance. No
          vesting or payment shall occur under an Award that is intended to qualify
          as
          Performance-Based Compensation until the Committee certifies in writing
          that the
          performance goal and any other material terms of the Award have been
          satisfied.

         

        12.5 Adjustment
          of Performance-Based Compensation.
          Awards
          that are intended to qualify as Performance-Based Compensation may not
          be
          adjusted upward. The Committee shall retain the discretion to adjust such
          Awards
          downward, either on a formula or discretionary basis or any combination,
          as the
          Committee determines.

         

        12.6 Committee
          Discretion.
          In the
          event that the Committee determines that it is advisable to grant Awards
          that
          shall not qualify as Performance-Based Compensation, the Committee may
          make such
          grants without satisfying the requirements of Code Section 162(m), and
          may base
          the vesting or payment of such Awards on Performance Measures other than
          those
          set forth in Section 12.2.

         

        Article
          13. Director Awards

        The
          Board
          shall determine all Awards to Directors. The terms and conditions of any
          grant
          to any such Director shall be set forth in an Award Agreement.

         

        Article
          14. Dividend Equivalents

        Any
          Participant selected by the Committee may be granted dividend equivalents
          based
          on the dividends declared on Shares that are subject to any Full Value
          Award, to
          be credited as of the dividend payment dates, during the period between
          the date
          the Full Value Award is granted and the date the Award vests or expires,
          as
          determined by the Committee. Such dividend equivalents shall be converted
          to
          cash or additional Shares by such formula and at such time and subject
          to such
          limitations as may be determined by the Committee.

         

        Article
          15. Beneficiary Designation

        Each
          Participant under this Plan may, from time to time, name any beneficiary
          or
          beneficiaries (who may be named contingently or successively) to whom any
          benefit under this Plan is to be paid in case of his death before he receives
          any or all of such benefit. Each such designation shall revoke all prior
          designations by the same Participant, shall be in a form prescribed by
          the
          Committee, and will be effective only when filed by the Participant in
          writing
          with the Company during the Participant’s lifetime. In the absence of any such
          beneficiary designation, benefits remaining unpaid or
          rights
          remaining unexercised at the Participant’s death shall be paid to or exercised
          by the Participant’s executor, administrator, or legal representative on behalf
          of the Participant’s estate.
           

          Article
            16. Rights of Participants

          16.1 Employment.
            Nothing
            in this Plan or an Award Agreement shall interfere with or limit in any
            way the
            right of the Company, its Affiliates, and/or its Subsidiaries, to terminate
            any
            Participant’s employment or service on the Board or to the Company at
            any
            time or for any reason

           

           

        

         

        
          
            
            

          

          
            15

            
              

            

          

          
            
            

          

           

           

          not
            prohibited by law, nor confer upon any Participant any right to continue
            his
            employment or service as a Director for
            any
            specified period of time.

        

         

        Neither
          an Award nor any benefits arising under this Plan shall constitute an employment
          contract with the Company, its Affiliates, and/or its Subsidiaries and,
          accordingly, subject to Articles 3 and 18, this Plan and the benefits hereunder
          may be terminated at any time in the sole and exclusive discretion of the
          Committee without giving rise to any liability on the part of the Company,
          its
          Affiliates, and/or its Subsidiaries.

         

        16.2 Participation.
          No
          individual shall have the right to be selected to receive an Award under
          this
          Plan, or, having been so selected, to be selected to receive a future
          Award.

         

        16.3 Rights
          as a Shareholder.
          Except
          as otherwise provided herein, a Participant shall have none of the rights
          of a
          shareholder with respect to Shares covered by any Award until the Participant
          becomes the record holder of such Shares.

         

        Article
          17. Change of Control

        The
          treatment of Awards upon a change in control of the Company shall be set
          forth
          in the Award Agreement.

         

        Article
          18. Amendment, Modification, Suspension, and Termination

        18.1 Amendment,
          Modification, Suspension, and Termination.
          Subject
          to Section 18.2, the Committee may, at any time and from time to time,
          alter, amend, modify, suspend, or terminate this Plan and any Award Agreement
          in whole or in part; provided, however, that, without the prior approval of
          the Company’s shareholders and except as provided in Section 4.4, Options or
          SARs issued under this Plan will not be repriced, replaced, or regranted
          through
          cancellation, or by lowering the Option Price of a previously granted Option
          or
          the Grant Price of a previously granted SAR, and no material amendment
          of this Plan shall be made without shareholder approval if shareholder
          approval
          is required by law, regulation, or stock exchange rule, including, but
          not
          limited to, the Exchange Act, the Code, and if applicable, the NYSE Listed
          Company Manual.

         

        18.2 Awards
          Previously Granted.
          Notwithstanding any other provision of this Plan to the contrary (other
          than
          Section 18.3), no termination, amendment, suspension, or modification of
          this
          Plan or an Award Agreement shall adversely affect in any material way any
          Award previously granted under this Plan, without the written consent of
          the
          Participant holding such Award.

         

        18.3 Amendment
          to Conform to Law.
          Notwithstanding any other provision of this Plan to the contrary,
          the
          Board of Directors may amend the Plan or an Award Agreement, to take effect
          retroactively or otherwise, as deemed necessary or advisable for the purpose
          of
          conforming the Plan or an Award Agreement to any present or future law
          relating
          to plans of this or similar nature (including,
          but not limited to, Code Section 409A), and to the administrative regulations
          and rulings promulgated thereunder.
           

          Article
            19. Withholding

          The
            Company shall have the power and the right to deduct or withhold, or
            require a
            Participant to remit to the Company, the minimum statutory amount to
            satisfy
            federal, state, and local taxes, domestic or foreign, required by law
            or
            regulation to be withheld with respect to any taxable event

        

         

         

        
          
            
            

          

          
            16

            
              

            

          

          
            
            

          

           

           

          arising
            as a result of this Plan. Participants may elect to satisfy the withholding
            requirements, in whole or in part, by having the Company withhold shares
            having
            a Fair Market Value on the date the tax is to be determined equal to
            the minimum
            statutory total tax that could be imposed on the transaction. The Participant
            shall remain responsible at all times for paying any federal, state,
            and local
            income or employment tax due with respect to any Award, and the Company
            shall
            not be liable for any interest or penalty that a Participant incurs by
            failing
            to make timely payments of tax.

        

         

        Article
          20. Successors

        All
          obligations of the Company under this Plan with respect to Awards granted
          hereunder shall be binding on any successor to the Company, whether the
          existence of such successor is the result of a direct or indirect purchase,
          merger, consolidation, or otherwise, of all or substantially all of the
          business
          and/or assets of the Company.

         

        Article
          21. General Provisions

        21.1 Forfeiture
          Events.

         

        
          	(a)  	
                  The
                    Committee may specify in an Award Agreement that the Participant’s rights,
                    payments, and benefits with respect to an Award shall be subject
                    to
                    reduction, cancellation, forfeiture, or recoupment upon the occurrence
                    of
                    certain specified events, in addition to any otherwise applicable
                    vesting
                    or performance conditions of an Award. Such events may include,
                    but shall
                    not be limited to, termination of employment for cause (as defined
                    in the
                    Award Agreement), termination of the Participant’s provision of services
                    to the Company, Affiliate, and/or Subsidiary, violation of material
                    Company, Affiliate, and/or Subsidiary policies, breach of noncompetition,
                    confidentiality, or other restrictive covenants that may apply
                    to the
                    Participant, or other conduct by the Participant that is detrimental
                    to
                    the business or reputation of the Company, its Affiliates, and/or
                    its
                    Subsidiaries.

                

        

         

        
          	(b)  	
                  If
                    the Company is required to prepare an accounting restatement
                    due to the
                    material noncompliance of the Company, as a result of misconduct,
                    with any
                    financial reporting requirement under the securities laws, if
                    the
                    Participant knowingly or grossly negligently engaged in the misconduct,
                    or
                    knowingly or grossly negligently failed to prevent the misconduct,
                    or if
                    the Participant is one of the individuals subject to automatic
                    forfeiture
                    under Section 304 of the Sarbanes-Oxley Act of 2002, the Participant
                    shall
                    reimburse the Company the amount of any payment in settlement
                    of an Award
                    earned or accrued during the twelve- (12-) month period following
                    the
                    first public issuance or filing with the United States Securities
                    and
                    Exchange Commission (whichever just occurred) of the financial
                    document
                    embodying such financial reporting
                    requirement.

                

        

         

        
          21.2 Legend.
            The
            certificates or statements of holdings for Shares may include any legend
            which
            the Committee deems appropriate to reflect any restrictions on transfer
            of such
            Shares.

           

          21.3 Gender
            and Number.
            Except
            where otherwise indicated by the context, any masculine term used herein
            also
            shall include the feminine, the plural shall include the singular, and
            the
            singular shall include the plural.

           

        

         

        
          
            
            

          

          
            17

            
              

            

          

          
            
            

          

        

         

         

        21.4 Severability. In
          the
          event any provision of this Plan shall be held illegal or invalid for any
          reason, the illegality or invalidity shall not affect the remaining parts
          of
          this Plan, and this Plan shall be construed and enforced as if the illegal
          or
          invalid provision had not been included.

         

        21.5 Requirements
          of Law. The
          granting of Awards and the issuance of Shares under this Plan shall be
          subject
          to all applicable laws, rules, and regulations, and to such approvals by
          any
          governmental agencies or national securities exchanges as may be
          required.

         

        21.6 Delivery
          of Title. The
          Company shall have no obligation to issue or deliver evidence of title
          for
          Shares issued under this Plan prior to:

         

        
          	(a)  	
                  Obtaining
                    any approvals from governmental agencies that the Company determines
                    are
                    necessary or advisable; and

                

        

         

        
          	(b)  	
                  Completion
                    of any registration or other qualification of the Shares under
                    any
                    applicable national or foreign law or ruling of any governmental
                    body that
                    the Company determines to be necessary or
                    advisable.

                

        

         

        21.7 Inability
          to Obtain Authority. The
          inability of the Company to obtain authority from any regulatory body having
          jurisdiction, which authority is deemed by the Company’s counsel to be necessary
          to the lawful issuance and sale of any Shares hereunder, shall relieve
          the
          Company of any liability in respect of the failure to issue or sell such
          Shares
          as to which such requisite authority shall not have been obtained.

         

        21.8 Investment
          Representations. The
          Committee may require any individual receiving Shares pursuant to an Award
          under
          this Plan to represent and warrant in writing that the individual is acquiring
          the Shares for investment and without any present intention to sell or
          distribute such Shares.

         

        21.9 Uncertificated
          Shares.
          To the
          extent that this Plan provides for issuance of certificates to reflect
          the
          transfer or issuance of Shares, the transfer or issuance of such Shares
          may be
          effected on a noncertificated basis, to the extent not prohibited by applicable
          law or the rules of any stock exchange upon which the Shares are
          listed.

         

        21.10 Unfunded
          Plan. Participants
          shall have no right, title, or interest whatsoever in or to any investments
          that
          the Company, and/or its Subsidiaries, and/or its Affiliates may make to
          aid it
          in meeting its obligations under this Plan. Nothing contained in this Plan,
          and
          no action taken pursuant to its provisions, shall create or be construed
          to
          create a trust of any kind, or a fiduciary relationship between the Company
          and
          any Participant, beneficiary, legal representative, or any other individual.
          To
          the extent that any individual acquires a right to receive payments from
          the
          Company, its Subsidiaries,
          and/or its Affiliates under this Plan, such right shall be no greater than
          the
          right of an unsecured general creditor of the Company, a Subsidiary, or
          an
          Affiliate, as the case may be. All payments to be made hereunder shall
          be paid
          from the general funds of the Company, a Subsidiary, or an Affiliate, as
          the
          case may be and no special or separate fund shall be established and no
          segregation of assets shall be made to assure payment of such amounts except
          as
          expressly set forth in this Plan.

         

         

        
          
            
            

          

          
            18

            
              

            

          

          
            
            

          

           

           

        

        21.11 No
          Fractional Shares.
          No
          fractional Shares shall be issued or delivered pursuant to this Plan or
          any
          Award. The Committee shall determine whether cash, Awards, or other property
          shall be issued or paid in lieu of fractional Shares or whether such fractional
          Shares or any rights thereto shall be forfeited or otherwise
          eliminated.

         

        21.12 Retirement
          and Welfare Plans.
          Neither
          Awards made under this Plan nor Shares or cash paid pursuant to such Awards,
          except pursuant to a Covered Employee’s annual incentive award, may be included
          as “compensation” for purposes of computing the benefits payable to any
          Participant under the Company’s or any Subsidiary’s or Affiliate’s retirement
          plans (both qualified and non-qualified) or welfare benefit plans unless
          such
          other plan expressly provides that such compensation shall be taken into
          account
          in computing a Participant’s benefit.

         

        21.13 Deferred
          Compensation. If
          any
          Award would be considered deferred compensation as defined under Code Section
          409A and would fail to meet the requirements of Code Section 409A, then
          such
          Award shall be null and void.

         

        21.14 Nonexclusivity
          of this Plan.
          The
          adoption of this Plan shall not be construed as creating any limitations
          on the
          power of the Board or Committee to adopt such other compensation arrangements
          as
          it may deem desirable for any Participant.

         

        21.15 No
          Constraint on Corporate Action.
          Nothing
          in this Plan shall be construed to: (i) limit, impair, or otherwise affect
          the Company’s or a Subsidiary’s or an Affiliate’s right or power to make
          adjustments, reclassifications, reorganizations, or changes of its capital
          or
          business structure, or to merge or consolidate, or dissolve, liquidate,
          sell, or
          transfer all or any part of its business or assets; or (ii) limit the right
          or
          power of the Company or a Subsidiary or an Affiliate to take any action
          which
          such entity deems to be necessary or appropriate.

         

        21.16 Governing
          Law.
          The
          Plan and each Award Agreement shall be governed by the laws of the State
          of
          Missouri, excluding any conflicts or choice of law rule or principle that
          might
          otherwise refer construction or interpretation of this Plan to the substantive
          law of another jurisdiction. Unless otherwise provided in the Award Agreement,
          recipients of an Award under this Plan are deemed to submit to the exclusive
          jurisdiction and venue of the federal or state courts of Missouri, to resolve
          any and all issues that may arise out of or relate to this Plan or any
          related
          Award Agreement.

         

        21.17 Indemnification.
          Subject
          to requirements and limitations of applicable law, each individual who
          is or
          shall have been a member of the Board, or a Committee appointed by the
          Board, or
          an officer of the Company, a Subsidiary, or an Affiliate to whom authority
          was
          delegated in accordance with Article 3, shall be indemnified and held harmless
          by the Company against and from any loss, cost, liability, or expense that
          may
          be imposed upon or reasonably incurred by him in connection with or resulting
          from any claim, action, suit, or proceeding to which he may be a party
          or in
          which he may be involved by reason of any action taken or failure to act
          under
          this Plan and against and from any and all amounts paid by him in settlement
          thereof, with the Company’s approval, or paid by him in satisfaction of any
          judgment in any such action, suit, or proceeding against him, provided
          he shall
          give the Company an opportunity, at its own expense, to handle and defend
          the
          same before he undertakes to handle and defend it on his own behalf, unless
          such
          loss, cost, liability, or expense is a result of his own willful misconduct
          or
          except as expressly provided by statute.

         

         

        
          
            
            

          

          
            19

            
              

            

          

          
            
            

          

           

        

         

        The
          foregoing right of indemnification shall not be exclusive of any other
          rights of
          indemnification to which such individuals may be entitled under the Company’s
          Articles of Incorporation or Bylaws, as a matter of law, or otherwise,
          or any
          power that the Company may have to indemnify them or hold them
          harmless.

         

        21.18 No
          Guarantee of Favorable Tax Treatment. Although
          the Company intends to administer the Plan so that Awards will be exempt
          from,
          or will comply with, the requirements of Code Section 409A, the Company
          does not
          warrant that any Award under the Plan will qualify for favorable tax treatment
          under Code Section 409A or any other provision of federal, state, local,
          or
          foreign law. The Company shall not be liable to any Participant for any
          tax,
          interest, or penalties the Participant might owe as a result of the grant,
          holding, vesting, exercise, or payment of any Award under the Plan.

         

        21.19 Effect
          of Disposition of Facility or Operating Unit. In
          the
          event that the Company or any of its Affiliates and/or Subsidiaries closes
          or
          disposes of the facility at which a Participant is located or the Company
          or any
          of its Affiliates and/or Subsidiaries diminish or eliminate ownership interests
          in any operating unit of the Company or any of its Affiliates and/or
          Subsidiaries so that such operating unit ceases to be majority owned by
          the
          Company or any of its Affiliates and/or Subsidiaries, then, with respect
          to
          Awards held by Participants who subsequent to such event will not be Employees,
          the Committee may, to the extent consistent with Code Section 409A (if
          applicable), (i) accelerate the exercisability of Awards to the extent
          not yet
          otherwise exercisable or remove any restrictions applicable to any Awards
          and
          (ii) extend the period during which Awards will be exercisable to a date
          subsequent to the date when such Awards would otherwise have expired by
          reason
          of the termination of such Participant’s employment with the Company or any of
          its Affiliates and/or Subsidiaries (but in no event to a date later than
          the
          expiration date of the Awards or the fifth anniversary of the transaction
          in
          which such facility closes or operating unit ceases). If the Committee
          takes no
          special action with respect to any disposition of a facility or an operating
          unit, then the terms and conditions of the Award Agreement and the other
          terms
          and conditions of this Plan shall control.

         

        

         

      

    

    

     

    
      
        
        

      

      
        20

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