Document:

Exhibit 10-A

                                  GPU COMPANIES

                           DEFERRED COMPENSATION PLAN

                       (as amended through August 8, 2000)

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                                TABLE OF CONTENTS

 1.   Purpose                                                            1

 2.   Definition of Terms                                                1

 3.   Administration                                                     8

 4.   Deferral Election                                                 10

 5.   Supplemental Savings Plan Benefits                                12

 6.   Interest                                                          13

 7.   Distribution of Deferred Funds                                    14

 8.   Non-Assignment of Deferred Compensation                           18

 9.   Termination of Participation or Employment                        18

10.   Transfer of Employment                                            18

11.   Successor Corporation                                             19

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                                  GPU COMPANIES

                           DEFERRED COMPENSATION PLAN

                       (as amended through August 8, 2000)
                                      -----

1.    Purpose

      This document sets forth the GPU Companies Deferred  Compensation Plan, as
amended and restated, effective August 8, 2000.

      The Plan provides  Elected  Officers of each Company,  as defined  herein,
with an  opportunity  to defer part or all of their  Compensation,  pursuant  to
their  elections made in accordance  with the provisions  hereof.  The Plan also
provides Elected Officers and Other Eligible Employees with an opportunity to be
credited with additional  deferred  amounts that are intended to approximate the
Company  Matching  Contributions  that  otherwise  might have been made on their
behalf to the GPU Companies Employee Savings Plan for  Non-bargaining  Employees
(the "Savings Plan") but for the limitation on the amount of  compensation  that
can be taken into account under the Savings Plan pursuant to section  401(a)(17)
of the Internal Revenue Code of 1986, as amended (the "Compensation Limit").

      The  Plan  is  intended  to   constitute  an  unfunded  plan  of  deferred
compensation for "a select group of management or highly compensated  employees"
within the meaning of Sections  201(2),  301(a)(3) and 401(a)(1) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA").

      Each  Company has  adopted  this Plan as its own Plan.  Accordingly,  each
Company shall be obligated hereunder only with respect to amounts  distributable
from the Accounts it maintains for Participants  who are its own employees;  and
the right to receive  any amount  distributable  hereunder  with  respect to any
Participant  shall be  enforceable  only  against  the  Company  with which such
Participant is or was last employed.

2.    Definition of Terms

      2.1  Account - refers,  as the  context  may  require,  to the  Retirement
Account, or the Pre-Retirement Account or Accounts, or to the Retirement Account
and all Pre-Retirement Accounts, established for a Participant hereunder.

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      2.2     Board  -  refers to the Board of Directors of a Company.

      2.3  Chairman - refers to the  Chairman of the Board or the  Chairman,  as
appropriate for each Company that has adopted the Plan.

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

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

      (2) The individuals who, as of August 1, 1996, are members of the board of
directors of the Corporation  (the "Incumbent  Board"),  cease for any reason to
constitute  at least  seventy  percent  (70%)  of the  members  of the  board of
directors  of the  Corporation;  provided,  however,  that if the  election,  or
nomination for election by the Corporation's  shareholders,  of any new director
was approved by a vote of at least two-thirds of the Incumbent  Board,  such new
director  shall,  for purposes of this Plan,  be  considered  as a member of the
Incumbent  Board;  provided  further,  however,  that  no  individual  shall  be
considered a member of the Incumbent Board if such individual  initially assumed
office as a result of either an  actual or  threatened  "Election  Contest"  (as
described in Rule 14a-11  promulgated under the Exchange Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a Person other
than the

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board of directors of the Corporation (a "Proxy Contest") including by reason of
any agreement intended to avoid or settle any Election Contest or Proxy Contest;
or

      (3)   The consummation of:

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

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

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

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

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

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            (C) The sale or other disposition of all or substantially all of the
assets of the Corporation to any Person (other than a transfer to a Subsidiary).

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

      2.5  Committee  - refers to the  Personnel,  Compensation  and  Nominating
Committee of the Board of Directors of GPU, Inc.

      2.6  Company - refers,  as the  context may  require,  singularly  and not
jointly,  to any Company, a majority of the outstanding common stock of which is
owned,  directly or indirectly,  by GPU, Inc.,  that has adopted the Plan.  When
used in reference to a Participant,  the term  "Company"  shall mean the Company
with which such Participant is or was last employed unless the context otherwise
requires.

      2.7  Compensation  - refers  to all  amounts  which,  but for an  election
hereunder,  would  be paid in  cash  during  a Plan  Year to a  Participant  for
services performed on behalf of the Company, but does not include  reimbursement
for travel or other expenses,  Company  contributions to retirement  programs or
other  employee  benefit  plans,  payments  under the  Company's  Short-Term  or
Long-Term  Disability  Income  Plans,  any  amounts  distributed  to the Elected
Officer from any Pre-Retirement  Account.  A Participant's  Compensation for any
Plan Year includes any Performance Award that becomes payable to the Participant
during such year,  but does not include any other  amounts that are paid or that
become  payable to the  Participant  under the 1990 Stock Plan for  Employees of
GPU, Inc. and Subsidiaries (the "Stock Plan"). A Participant's  Compensation for
any Plan  Year  beginning  on or after  April 1,  1991,  shall not  include  any
severance payments

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made to the Participant in connection with his or her termination of
employment.

      2.8  Disability - refers to  entitlement  to benefits  under the Company's
Long-Term  Disability  Income  Plan or  Employee  Pension  Plan as a result of a
disability  which,  in the opinion of the Board, is considered to be a permanent
disability.

      2.9 Elected Officer - refers to an individual who, pursuant to election by
the Board,  is serving as an officer of the Company  other than as an  Assistant
Controller,  an  Assistant  Secretary,  or  an  Assistant  Treasurer;  provided,
however,  that the Board of any Company may limit  participation  in the Plan to
such of that Company's elected officers as the Board may designate,  and in such
case, the term "Elected Officer" shall refer only to any elected officer of such
Company so designated by the Board.

      2.10 Excess  Compensation - refers, in the case of any Participant for any
month  beginning  on or after  January 1,  1995,  to the amount by which (i) the
aggregate  amount  of  the  Participant's  Regular  Compensation  and  Incentive
Compensation for such month and for all prior months within the Plan Year of the
Savings Plan ("ESP Plan Year") that  includes such month exceeds the sum of (ii)
the Compensation  Limit in effect for such ESP Plan Year and (iii) the aggregate
amount of the  Participant's  "Excess  Compensation" (as determined under clause
(i) and (ii) hereof) for all prior months within such Plan Year.

      2.11  Incentive  Compensation  - refers to the portion of a  Participant's
Compensation for a Plan Year that consists of amounts awarded to the Participant
during such year under the  Company's  Incentive  Compensation  Plan for Elected
Officers,  Employee  Incentive  Compensation  Plan, or Annual  Performance Award
Plan.

      2.12 Involuntary Termination:  The term Involuntary Termination shall mean
the termination of a  Participant's  employment with the Company (A) as a result
of the  Participant's  death, (B) by the Company,  for any reason, or (C) by the
Participant for "Good Reason" as defined below.

      For purposes of the clause (C) of the preceding  paragraph,  "Good Reason"
shall mean the  occurrence  after a Change in  Control  of any of the  following
events or conditions:

      (1)  a  change  in  the   Participant's   status,   title,   position   or
responsibilities   (including   reporting   responsibilities)   which,   in  the
Participant's reasonable judgement, represents an adverse change from his or her
status,  title,  position or  responsibilities  as in effect  immediately  prior
thereto; the

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assignment to the  Participant of any duties or  responsibilities  which, in the
Participant's  reasonable  judgement,  are inconsistent  with his or her status,
title,  position or responsibilities;  or any removal of the Participant from or
failure to reappoint or reelect him or her to any of such offices or  positions,
other than in  connection  with the  termination  of his or her  employment  for
disability, for cause, or by the Participant other than for Good Reason;

      (2)   any reduction in the rate of the Participant's annual base salary;

      (3) the relocation of the offices of the Company at which the  Participant
is principally  employed to a location more than twenty-five (25) miles from the
location of such offices immediately prior to such relocation,  or the Company's
requiring  the  Participant  to be based  anywhere  other than at such  offices,
except to the extent the Participant was not previously  assigned to a principal
place of duty and except for  required  travel on the  Company's  business to an
extent substantially  consistent with the Participant's previous business travel
obligations;

      (4) the failure by the Company to pay to the Participant any amount of the
Participant's  current  compensation,  or any amount  payable under any deferred
compensation  program  of the  Company  in which the  Participant  participated,
within seven (7) days of the date on which payment of such amount is due;

      (5)  the  failure  by the  Company  (A) to  continue  in  effect  (without
reduction  in  benefit  level,   and/or  reward   opportunities)   any  material
compensation or employee benefit plan in which the Participant was participating
immediately  prior  to such  failure  by the  Company  unless  a  substitute  or
replacement plan has been  implemented  which provides  substantially  identical
compensation  or benefits to the  Participant  or (B) to continue to provide the
Participant with compensation and benefits, in the aggregate, at least equal (in
terms of benefit levels and/or reward opportunities) to those provided for under
all other  compensation  or employee  benefit  plans,  programs and practices in
which the Participant was participating immediately prior to such failure by the
Company; or

      (6) in the case of any Participant  with whom the Company has entered into
a  Severance  Protection  Agreement  that  is in  effect  on  the  date  of  the
Participant's  termination  of  employment,  any other event or  condition  that
constitutes "Good Reason" as defined in such agreement.

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      Any event or  condition  described  in clauses (1) through (6) above which
occurs (A) within  twelve (12) months  prior to a Change in Control or (B) prior
to a Change in Control but which (x) was at the request of a third party who has
indicated an intention or taken steps  reasonably  calculated to effect a Change
in Control and who  effectuates a Change in Control,  or (y) otherwise  arose in
connection  with,  or in  anticipation  of, a Change in  Control  which has been
threatened or proposed and which actually  occurs,  shall constitute Good Reason
notwithstanding that it occurred prior to a Change in Control.

      2.13 Other Eligible  Employee - refers,  with respect to any Plan Year, to
any employee of a Company who is not an Elected  Officer of such Company but who
is expected to have Excess  Compensation  for any one or more months during such
Plan  Year  and who has been  designated  by the  Chairman  of such  Company  as
eligible to make a deferral election for such Plan Year under Section 4.3.

      2.14  Participant  - refers  to any  Elected  Officer  or  Other  Eligible
Employee who has made a deferral election for any Plan Year under Section 4.1 or
4.3.  For all  purposes  of the Plan  other  than  for  purposes  of  continuing
entitlement  to make  deferral  elections  under  Section 4.1 or 4.3, an Elected
Officer who at any time ceases to be such, or a Participant  whose employment is
terminated or whose  participation in the Plan is terminated pursuant to Section
9, shall, notwithstanding such cessation or termination,  continue to be treated
as a "Participant"  until all amounts  credited to his or her Accounts under the
Plan have been  distributed  pursuant to Section 7, or  transferred  pursuant to
Section 10.1.

      2.15  Performance  Award  -  refers  to  the  portion  of a  Participant's
Compensation  for a Plan Year that consists of any  Performance  Cash  Incentive
Award that  becomes  payable to the Elected  Officer  during such year under the
Stock Plan. For this purpose,  a Performance  Award shall be treated as becoming
payable to a  Participant  on the "Vesting  Date" for the  restricted  shares or
restricted  units with respect to which the Performance  Award becomes  payable;
and the "Vesting  Date" shall mean the date on which such  restricted  shares or
restricted units become vested under the terms of the written  agreement between
the Elected  Officer and GPU, Inc.  evidencing the award of such shares or units
to the Elected Officer.

      2.16 Plan - refers to the GPU Companies Deferred  Compensation Plan as set
forth in this document and as it may be amended in the future.

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      2.17 Plan Year - refers to each 12-month period from April 1 through March
31. In the case of any Company that adopts the Plan as of a date after the start
of a Plan Year,  as so defined,  the initial  "Plan  Year," with respect to such
Company's  Elected  Officers and Other Eligible  Employees,  shall be the period
commencing on the date as of which the Plan is so adopted and ending on the next
following March 31.

      2.18 Pre-Retirement Account - refers to the memorandum account which shall
be established and maintained for a Participant who elects,  pursuant to Section
4.5, to have payment of any portion of his or her Compensation for any Plan Year
deferred to a date which is expected to occur prior to his or her  Retirement or
Disability.   A  separate   Pre-Retirement  Account  shall  be  established  and
maintained  for the  Compensation  for each Plan Year which the  Participant  so
elects to defer.

      2.19 Regular  Compensation - refers to a Participant's  Compensation for a
Plan Year,  exclusive of any Incentive  Compensation  awarded to the Participant
during such Plan Year,  and  exclusive  of any  Performance  Award that  becomes
payable to the Participant during such Plan Year.

      2.20 Retirement - refers to the termination of a Participant's  employment
with the Company on account of retirement  under the Company's  Employee Pension
Plan,  resignation,  death or any  other  reason  other  than as a result of the
transfer of the Participant's  employment to any other Company.  A Participant's
Retirement  will not be deemed  to have  occurred  until he or she  ceases to be
employed with any Company.

      2.21 Retirement  Account - refers to the memorandum account which shall be
established  and  maintained for a Participant  who elects,  pursuant to Section
4.5, to have payment of any portion of his or her Compensation for any Plan Year
deferred  to a  date  after  his or  her  Retirement  or  Disability.  The  term
Retirement  Account  shall also refer to the  memorandum  account  that shall be
established and maintained for a Participant pursuant to Section 5.3.

3.    Administration

      3.1 Subject to the  concurrence of the  Committee,  the Company may modify
the provisions of the Plan from time-to-time,  or, may terminate the entire Plan
at any time; provided, however, that Section 2.4, this Section 3.1, Section 3.4,
Paragraph  (d) of Section 6 and Section 7.5 may not be amended or modified,  and
the Plan may not be  terminated,  (i) at the  request  of a third  party who has
indicated  an  intention  or taken  steps to effect a Change in Control  and who
effectuates a Change in Control, (ii) within

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six (6) months prior to, or otherwise in connection with, or in anticipation of,
a Change in Control  which has been  threatened  or proposed and which  actually
occurs, or (iii) following a Change in Control,  if the amendment,  modification
or termination  adversely  affects the rights of any Participant under the Plan.
Action to amend the Plan may be taken by the Company  either by resolution  duly
adopted by the Company's  Board,  or by an instrument in writing  executed by an
officer of the Company to whom  authority to adopt or approve  amendments to the
Plan has been delegated  pursuant to a resolution  duly adopted by the Company's
Board. No  modification  or termination of the Plan shall  adversely  affect the
rights  of  any  Participant  with  respect  to  any  amounts  standing  to  the
Participant's  credit  in any  Account  immediately  prior  to the  date  of the
adoption of such modification or termination,  including without  limitation any
rights with  respect to the time and method of payment of, or the  crediting  of
interest equivalents with respect to, any such amounts.

      3.2   Responsibility for the ongoing administration of this Plan rests
with the Board.

      3.3 The Board may delegate  the  day-to-day  administration  of this Plan,
including the  maintenance  of  appropriate  records,  receiving  notifications,
making filings, and maintaining related  documentation,  to the officer or other
employee of the Company in charge of the Company's Human  Resources  division or
function,  and to his or her  staff,  or to any one or more  other  officers  or
employees of any Company as the Board may determine in its discretion.

      3.4 The Board shall have  exclusive  authority  to resolve  all  questions
concerning  the Plan,  including any dispute over  accounting or  administrative
procedures or interpretation of the Plan.

      Notwithstanding  the foregoing,  any determination made by the Board after
the  occurrence of a Change in Control that denies in whole or in part any claim
made by any  individual for benefits under the Plan shall be subject to judicial
review, under a "de novo", rather than a deferential, standard.

      3.5  A  Participant's  election  to  defer  Compensation,  selection  of a
distribution  commencement  date and  distribution  option,  or designation of a
beneficiary  and contingent  beneficiary,  made pursuant to this Plan,  shall be
made in writing, on a form that is furnished to the Participant for such purpose
by the  Committee  and that is signed by the  Participant  and  delivered to the
Committee. Any such election, selection,

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designation,  or any change therein, shall not become effective unless and until
received by the Committee.

            Except as  provided  in  Section  7.4 , 7.5 or 7.6,  a change in the
selection of a distribution  commencement date or distribution  option shall not
be  effective  unless made (i) at least  twenty-four  (24)  months  prior to the
Participant's Retirement or Disability,  or (ii), in the case of any Participant
whose Retirement  constitutes an Involuntary  Termination,  at least twelve (12)
months prior to the Participant's Retirement.

4.    Deferral Election

      4.1 For each Plan Year  beginning  on and after April 1, 1991,  an Elected
Officer  may  elect,  separately,  to  defer  (a) any  part or all of his or her
Regular  Compensation for such year, (b) any part or all of his or her Incentive
Compensation for such year,  and/or (c) any part or all of any Performance Award
that becomes payable to the Elected Officer during such year; subject,  however,
in each case to the limitations set forth in Section 4.4.

      4.2 An election to defer Regular  Compensation for any Plan Year beginning
on and after April 1, 1991,  shall be made on or prior to October 31 of the year
preceding such Plan Year. An election to defer  Incentive  Compensation  for any
Plan Year  beginning  on or after  April 1,  1991,  shall be made on or prior to
October  31 of such  Plan  Year.  Notwithstanding  the  foregoing,  (a)  Elected
Officers who are  initially  elected prior to November 1st of any Plan Year may,
within 30 days of such  initial  election,  or, if later,  the date the  Elected
Officer's  Regular  Compensation is fixed by the Board, make a deferral election
for his or her Regular  Compensation  for the then  current  Plan Year,  and (b)
Elected  Officers who are initially  elected after November 1st of any Plan Year
may, within 30 days of such initial election, or, if later, the date the Elected
Officer's  Regular  Compensation is fixed by the Board, make a deferral election
for both his or her Regular Compensation and Incentive Compensation (if any) for
the then current Plan Year, as well as for his or her Regular  Compensation  for
the  immediately  succeeding  Plan Year;  provided,  however,  that any deferral
election made pursuant to clause (a) or (b) hereof shall be effective  only with
respect  to  Compensation   earned  after  such  deferral  election  has  become
effective. An election to defer any part of a Performance Award shall be made at
least one year prior to the Vesting Date for the restricted shares or restricted
units with  respect to which such  Performance  Award is payable.  All  deferral
elections made under Section 4.1 or 4.3 shall be irrevocable.

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      4.3 For each Plan Year  beginning  on or after  April 1,  1996,  any Other
Eligible Employee may elect to defer any part or all of any Excess  Compensation
that may become  payable to such Other  Eligible  Employee  for any month during
such Plan  Year,  subject to the  limitations  set forth in  Section  4.4.  Such
election shall be made on or prior to October 31 of the year preceding such Plan
Year.

      4.4 Deferral elections  otherwise  permitted to be made under the Plan for
Plan Years beginning on or after April 1, 1995 shall be subject to the following
limitations:

      (a) No amount may be deferred  pursuant to a Participant's  election under
this Plan for a period of 12 months  following  the  Participant's  receipt of a
hardship withdrawal under Section 7.2(e) of the Savings Plan.

      (b) No Incentive  Compensation for a Plan Year may be deferred pursuant to
a Participant's election hereunder if the Participant's Retirement or Disability
occurs  after  the date on which he or she made such  election  but prior to the
first day of the calendar year next following the date on which the  Participant
made the election for such Plan Year.

      (c) No  portion  of a  Participant's  Compensation  for a Plan Year may be
deferred  pursuant to the  Participant's  election  hereunder to the extent such
portion is required to be applied to payment of any tax or other  obligation  of
the Participant.

      4.5  In  any  election  to  defer   Regular   Compensation   or  Incentive
Compensation  for any Plan Year, in any election to defer any Performance  Award
that  becomes  payable  during a Plan  Year,  and in any  election  by any Other
Eligible  Employee  to defer any  Excess  Compensation  for any Plan  Year,  the
Participant  shall  specify  the amount or portion  of such  Compensation  to be
deferred,  and shall  indicate  whether  the  Compensation  so deferred is to be
credited to a Pre-Retirement  Account, or to a Retirement Account. If an Elected
Officer  elects  to  defer  Incentive  Compensation  for  any  Plan  Year  to  a
Pre-Retirement  Account,  the  Compensation so deferred shall be credited to the
Elected  Officer's  Pre-Retirement  Account for the Plan Year next following the
Plan  Year in which  such  Incentive  Compensation  is  awarded  to the  Elected
Officer.

      4.6 With respect to Compensation  deferred hereunder for a Plan Year which
a Participant elects to have credited to his or her Pre-Retirement  Account,  he
or she shall specify in his or her election form the date on which  distribution
of such  account  shall be made or  commence.  The date so selected  shall be no
earlier than January 15 of the third calendar year beginning

                                       11

<PAGE>

after the close of such Plan Year,  and may be the January 15 of any  subsequent
calendar year.  Notwithstanding  the foregoing,  a Participant may elect to have
distribution  of any  Pre-Retirement  Account made or commence on the earlier of
any date selected by the Participant in accordance with the preceding  sentence,
or January 15 of the calendar  year  following the  Participant's  Retirement or
Disability. In his or her election form for the Plan Year, the Participant shall
also  select  an  option  under  Section  7.2  for  the   distribution   of  the
Pre-Retirement Account. Except as provided in Section 7.4 , 7.5 or 7.6, the date
so specified,  and the option so selected,  may not thereafter be changed by the
Participant.

      4.7  With  respect  to  any  Compensation   deferred   hereunder  which  a
Participant elects to have credited to his or her Retirement  Account, he or she
shall,  at the time he or she first  elects to have an amount  credited  to such
account,  also elect a distribution  commencement date and a distribution option
under  Section 7.2 for the  distribution  of such account.  A  Participant  may,
subject  to the  provisions  of  Section  3.5,  change  any  election  as to the
distribution  commencement  date  and  distribution  option  for the  Retirement
Account  previously made by him or her. The  distribution  commencement  date so
elected  shall  be  either  January  15  of  the  calendar  year  following  the
Participant's Retirement or Disability, or January 15 of any subsequent calendar
year.

5.    Supplemental Savings Plan Benefits

      5.1  Beginning  on or after  April 1,  1992,  for each  month for which an
Elected  Officer has Excess  Compensation,  and  beginning  on or after April 1,
1996,  for  each  month  for  which  any  Other  Eligible  Employee  has  Excess
Compensation,  there shall be credited to such Participant's  Retirement Account
an amount  determined by multiplying the Participant's  Excess  Compensation for
such month by his or her Matching Percentage for such month.

      5.2 For purposes of Section 5.1, the following definitions and rules shall
apply beginning on or after January 1, 1995:

      (a) In determining the amount of a Participant's  Excess  Compensation for
any month, only the Participant's  Regular  Compensation for those months during
which he or she is eligible to  participate  in the Savings  Plan shall be taken
into account.

      (b) A Participant's  Regular  Compensation for any month shall include the
total  amount  of  Regular  Compensation  that  would  have  been  paid  to  the
Participant in such month but for any deferral  election made by the Participant
hereunder. A Participant's Incentive Compensation for any month shall include

                                       12

<PAGE>

the total amount of Incentive  Compensation  awarded to the  Participant  during
such month whether or not paid to the Participant in such month.

      (c) A  Participant's  "Matching  Percentage"  for any month shall mean the
percentage,  not in excess of 4%, determined by dividing the aggregate amount of
the  Participant's  Regular  Compensation  and Incentive  Compensation  for such
month,  and for all prior  months  within the ESP Plan Year that  includes  such
month, that is deferred pursuant to elections made by the Participant hereunder,
by (ii) the aggregate amount of the Participant's  Excess  Compensation for such
month and for all prior  months  within  the ESP Plan  Year that  includes  such
month.

      5.3 If, on the first  date as of which an  amount is to be  credited  to a
Participant's Retirement Account under Section 5.1, a Retirement Account had not
previously  been  established  for such  Participant  pursuant to Section 4.5, a
Retirement Account shall be established for such Participant as of such date. By
no  later  than  30  days  after  such  date,  such  Participant  shall  elect a
distribution  commencement  date and a  distribution  option for his  Retirement
Account,  and may thereafter  change any such election,  in accordance  with the
provisions set forth in Section 4.7.

6.    Interest

      Interest  equivalents  will be calculated  and credited to Accounts at the
end of each quarter in the calendar  year.  Such interest  equivalents  shall be
determined in accordance with the following rules:

      (a) The amount of Regular Compensation  deferred each month pursuant to an
Elected Officer's election hereunder,  the amount of Excess Compensation for any
month  that is  deferred  pursuant  to any Other  Eligible  Employee's  election
hereunder, and any amount credited to a Participant's Retirement Account for any
month  under  Section  5.1,  shall be treated  as having  been  credited  to the
Participant's  Account  in two equal  installments  during  such  month,  one at
mid-month,  and the other at month's end; and interest equivalents thereon shall
be compounded  monthly on each quarter's  beginning  balance with  proportionate
monthly  compounding for any amounts so deferred or credited during any calendar
quarter.

      (b) The amount of Incentive  Compensation  deferred pursuant to an Elected
Officer's  election  hereunder  shall be treated as having been  credited to the
Elected  Officer's  Account  as of the 15th  day,  or the last day of the  month
(whichever is earlier),  following the date on which such amount would have been
paid to the  Elected  Officer in the  absence  of such  election,  and  interest
equivalents thereon shall be compounded monthly.

                                       13

<PAGE>

      (c) Any  part of a  Performance  Award  deferred  pursuant  to an  Elected
Officer's  election  hereunder  shall be treated as having been  credited to the
Elected  Officer's  Account  as of the 15th  day,  or the last day of the  month
(whichever is earlier),  following the Vesting Date for the restricted shares or
restricted units with respect to which such Performance Award became payable.

      (d) The rate used in calculation of interest  equivalents will be the rate
equal to the simple  average of  Citibank  N.A.  of New York Prime Rates for the
last  business day of each of the three  months in the  calendar  quarter or, if
greater, such other rate as established from time to time by the Committee.

      Interest  equivalents  will be  credited  to the  balance of each  Account
maintained for a Participant  hereunder,  including the undistributed balance of
any such Account from which payments are being made in installments. However, if
a Participant elects Option (c) under Section 7.2 below, no interest equivalents
will be credited to the  Participant's  Account for any period after the date on
which distribution under such Option is to commence.

7.    Distribution of Deferred Funds

      7.1 Subject to Sections 7.4, 7.5 and 7.6, a  Participant's  Pre-Retirement
Accounts  shall  be  distributed  to him or  her,  or  distributions  from  such
Pre-Retirement  Accounts shall  commence,  on the date or dates specified in the
elections made by the  Participant  pursuant to Section 4.6 with respect to such
accounts.  Subject to  Sections  7.4,  7.5 and 7.6, a  Participant's  Retirement
Account  shall  be  distributed  to him  or  her,  or  distributions  from  such
Retirement  Account  shall  commence,  on the date  specified in the most recent
effective  election  made by the  Participant  under Section 4.7 with respect to
such Account.

      7.2   The options available for distribution are:

      (a)   A single lump sum payment.

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

      (c) With the prior  consent of the Committee and subject to such terms and
conditions  as it may  require,  a  lifetime  annuity  payable in annual or more
frequent  installments,  the amount of which shall be determined by reference to
mortality tables and

                                       14

<PAGE>

interest and dividend rates  applicable  under  individual  whole life insurance
policies  being  issued  at the time of the  Committee's  approval  by such life
insurance companies as the Committee may designate.

      (d) Any other  form of  distribution,  in equal or  unequal  payments,  as
specifically approved by the Committee.

            If distribution of any of a Participant's  Accounts is to be made in
annual  installments  under  Option (b) of this  Section 7.2, the amount of each
installment  will  equal  the  total  amount  in said  Account  on the  date the
installment is payable,  divided by the number of  installments  remaining to be
paid. In addition,  if the distributions  are made in installments  under Option
(b) of this Section 7.2,  the interest  equivalent  accrued on each Account each
year after the date the first installment is payable will be distributed on each
anniversary of such date.

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

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

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

            Any  amounts  remaining  to be  paid to a  Participant's  designated
beneficiary at the time of the designated  beneficiary's  death shall be paid to
the Participant's  contingent beneficiary or, if such contingent beneficiary has
predeceased  the  Participant's  designated  beneficiary,  to the  estate of the
designated  beneficiary.  Any amounts  remaining  to be paid to a  Participant's
contingent beneficiary at the time of such contingent  beneficiary's death shall
be  paid to the  estate  of the  contingent  beneficiary.  If the  Participant's
designated beneficiary and contingent beneficiary have both predeceased the

                                       15

<PAGE>

Participant,  any amounts remaining to be paid to the Participant at the time of
his or her death shall be paid to the Participant's estate.

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

      7.5  Notwithstanding  any other optional form of  distribution or date for
payment (or for  commencement  of payment)  otherwise  elected under Section 4.6
and/or  Section  4.7,  each  Participant  shall be  permitted  to make a special
distribution  election  under (a),  (b) or (c)  below,  in  accordance  with the
provisions of (d) below.

      (a) A Participant  may elect under this Section  7.5(a) to have the entire
balance of each of his or her Accounts  distributed in the form of a single lump
sum payment upon the occurrence of a Change in Control prior to the  Retirement.
Such  payment  shall be made by no later than thirty (30) days after the date on
which such Change in Control occurs.

      (b) A Participant  may elect under this Section  7.5(b) to have the entire
balance of each of his or her Accounts  distributed in the form of a single lump
sum payment in the event of the  Participant's  Retirement for any reason within
the two (2) year period  following a Change in Control.  Such  payment  shall be
made by no later  than  thirty  (30) days  after  the date of the  Participant's
Retirement.

      (c) Under this  Section  7.5(c) a  Participant  may elect,  in the event a
Change in  Control  occurs  after the  Participant's  Retirement  but before all
payments with respect to the  Participant's  Accounts have been made pursuant to
the  Participant's  elections  under Section 4.6 and/or Section 4.7, to have the
entire unpaid balance of his or her Accounts at the time

                                       16

<PAGE>

of such Change in Control  distributed in the form of a single lump sum payment.
Such  payment  shall be made by no later than thirty (30) days after the date on
which the Change in Control occurs.

      (d) Subject to Section  7.6, an election  under  Section  7.5(a)  shall be
effective  only if it is made at least one year  prior to the  Change in Control
referred to in Section 7.5(a). Subject to Section 7.6, an election under Section
7.5 (b) shall be  effective  only if it is made either (i) at least  twenty-four
(24) months prior to the  Participant's  Retirement,  or (ii) if such Retirement
constitutes an Involuntary  Termination at least one year prior to the Change in
Control referred to in Section 7.5(b). Subject to Section 7.6, an election under
Section 7.5(c) shall be effective only if it is made prior to the  Participant's
Retirement  and at least  one year  prior to the  occurrence  of the  Change  in
Control  referred to in Section 7.5(c).  Any special election made under Section
7.5(a),  (b) or (c)  may be  revoked,  and a new  special  election  may be made
thereunder at any time; provided, however, that subject to Section 7.6, any such
revocation  or new  election  shall be  effective  only if it is made within the
applicable  election  period  specified  in this  Section  7.5(d).  Any  special
election,  or revocation of a special  election,  that may be made under Section
7.5(a), (b) or (c) shall be made in the manner set forth in Section 3.5.

      7.6  Notwithstanding  any other provision of the Plan to the contrary,  if
the Committee so directs in connection with any proposed or threatened Change in
Control,

            (a) any regular distribution election provided for under Section 4.7
      and any special  distribution  election provided for under Section 7.5 may
      be made by a  Participant,  and any  such  election  previously  made by a
      Participant  may be revoked  and a new  election  made by the  Participant
      under such Sections,  within the period beginning on the date of the first
      public  announcement of such proposed or threatened  Change in Control and
      ending on the 45th day following such date; and

            (b) a Participant may also elect, within such 45-day period, to have
      the entire balance of such of his or her Accounts  distributed in the form
      of a single lump-sum payment in the event of the Participant's Involuntary
      Termination at any time within the 12-month  period  following the date of
      such public announcement,  notwithstanding any other distribution election
      otherwise  made by the  Participant  under  Section 4.6, 4.7 or 7.5.  Such
      lump-sum payment shall be made no later than 30 days following the date of
      the Participant's termination of employment.

                                       17

<PAGE>

Any election,  or  revocation of an election,  that may be made pursuant to this
Section 7.6 shall be made in the manner set forth in Section 3.5. Any  election,
or  revocation  of an election  under  Section 4.7 that is made pursuant to this
Section 7.6,  shall be effective  only if either (x) the Change in Control which
was proposed or threatened  actually occurs or (y) the Participant's  Retirement
occurs at any time within the twelve  (12) month  period  following  such public
announcement and such Retirement constitutes an Involuntary Termination.

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

      7.8 A Participant  shall have the status of a mere  unsecured  creditor of
the Company  with  respect to his or her right to receive any payment  under the
Plan.  The Plan shall  constitute a mere promise by the Company to make payments
in the future of the  benefits  provided  for herein.  It is  intended  that the
arrangements  reflected in this Plan be treated as unfunded for tax purposes and
for purposes of Title I of ERISA.

8.    Non-Assignment of Deferred Compensation

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

9.    Termination of Participation or Employment

      A Participant's  participation  in the Plan may be terminated by the Board
at any time. No promise or  representation,  either express or implied,  is made
with  respect  to  continued  employment,   transfer  or  promotion  because  of
participation in the Plan, and the employment of a Participant may be terminated
at any time.

10.   Transfer of Employment

      10.1 If a  Participant  transfers  employment  to any other  Company  that
maintains  this Plan for such  Company's  Elected  Officers  and Other  Eligible
Employees and the Participant is or

                                       18

<PAGE>

becomes an Elected Officer or Other Eligible Employee of such other Company, the
balance  to  the  Participant's  credit  in  each  Account  maintained  for  the
Participant  under  this Plan shall be  transferred  to the  comparable  account
established for the Participant under the Plan maintained by such other Company,
effective as of the date on which the Participant's employment is so transferred
or, if later, the date on which the Participant first becomes an Elected Officer
or Other  Eligible  Employee  of such other  Company.  Upon the  transfer of the
Participant's  Account  balances,  the Company making the transfer shall have no
further  obligation to the  Participant or his or her  designated  beneficiaries
with respect to payment of the Account balances so transferred.

      10.2 If an Elected Officer or Other Eligible Employee of any other Company
that  maintains this Plan for its Elected  Officers or Other  Eligible  Employee
transfers  employment  to the  Company  and is or becomes an Elected  Officer or
Other  Eligible  Employee of the  Company,  as of the date on which such Elected
Officer's or Other  Eligible  Employee's  employment  is so  transferred  or, if
later,  the date on which such Elected Officer or Other Eligible  Employee first
becomes an Elected  Officer or Other  Eligible  Employee of the  Company,  there
shall be established  for the Elected  Officer or Other Eligible  Employee under
this Plan an Account or Accounts  comparable to each account maintained for such
Elected Officer or Other Eligible  Employee under such other Company's Plan, and
there shall be transferred to each Account so established an amount equal to the
balance to such Elected  Officer's or Other  Eligible  Employee's  credit in the
comparable account maintained for the Elected Officer or Other Eligible Employee
under such other Company's Plan.

      In addition,  on and after the date on which an Elected Officer's or Other
Eligible  Employee's Account balances are so transferred,  any election to defer
Compensation,   any  election  as  to  the  date  of  commencement  or  form  of
distribution of Account balances, and any designation of a beneficiary,  made by
the Participant  under such other Company's Plan shall be treated as having been
made under this Plan.

11.   Successor Corporation

      11.1 The  obligations  of the Company under the Plan shall be binding upon
any  successor   corporation   or   organization   resulting  from  the  merger,
consolidation  or other  reorganization  of the Company,  or upon any  successor
corporation or organization  succeeding to  substantially  all of the assets and
business of the Company.

                                       19Exhibit 10-H

                DEFERRED REMUNERATION PLAN FOR OUTSIDE DIRECTORS
                     OF JERSEY CENTRAL POWER & LIGHT COMPANY

               (AS AMENDED AND RESTATED EFFECTIVE AUGUST 8, 2000)

1.    Purpose
      -------

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

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

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

      2.2   Each component of the deferred funds will be distributed as
            follows:

            (a)   for a  Director  who  elects  deferral  until a date or  dates
                  following  his  or  her  Retirement,   to  the  Director,   in
                  accordance  with his or her  latest  effective  election,  and
                  subject to provisions of Section 4.5;

            (b)   for a Director who elects deferral until a date or dates
                  preceding his or her Retirement, to the Director, in
                  accordance with his or her initial election; or

            (c)   if a Director  dies before the deferred  funds have been fully
                  distributed,   to  his  or  her  designated  beneficiary,   in
                  accordance  with the option  selected  by the  Director  under
                  Section  7.2  for  each  component  except  as the  Board  may
                  otherwise  determine,  based on the  circumstances at the time
                  the distribution is to commence.

                                        1

<PAGE>

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

      3.1   Board of Directors - refers to the Board of Directors of Jersey
            Central Power & Light Company.

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

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

            (2)

                  The  individuals  who, as of August 1, 1996,  are members of
                  the board of directors of the  Corporation  (the  "Incumbent
                  Board"), cease for any reason to constitute at least seventy
                  percent  (70%) of the members of the board of  directors  of
                  the Corporation; provided, however, that if the election, or
                  nomination for election by the  Corporation's  shareholders,
                  of any new  director  was  approved  by a vote  of at  least

                                               2
<PAGE>

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

            (3)   The consummation of:

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

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

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

                                        3
<PAGE>

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

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

                  (C)   The sale or other  disposition  of all or  substantially
                        all  of the  assets  of the  Corporation  to any  Person
                        (other than a transfer to a Subsidiary).

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

                                       4

<PAGE>

      3.3   Company -- refers to Jersey Central Power & Light Company.

      3.4   Director - refers to a member of the Board of  Directors  who is not
            an employee of Jersey  Central  Power & Light  Company or any of its
            subsidiaries.

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

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

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

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

      3.9   Retirement - refers to the  retirement  from service on the Board of
            Directors,  on account of  resignation,  death, or any other reason,
            without  becoming  an  employee  of  Jersey  Central  Power  & Light
            Company, the Corporation or any of its subsidiaries.

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

                                        5

<PAGE>

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

      4.1   The Board of  Directors  has  established  this  Plan.  The Board of
            Directors may in its sole  discretion  modify the  provisions of the
            Plan from  time-to-time,  or, may  terminate  the entire Plan at any
            time; provided, however, that Section 3.2, this Section 4.1, Section
            4.3, the last  sentence of the first  paragraph of Section 6 and the
            last  paragraph of Section 7.2 may not be amended or  modified,  and
            the Plan may not be terminated,  (i) at the request of a third party
            who has  indicated an intention or taken steps to effect a Change in
            Control and who effectuates a Change in Control, (ii) within six (6)
            months prior to, or otherwise in connection with, or in anticipation
            of, a Change in Control  which has been  threatened  or proposed and
            which actually  occurs,  or (iii) following a Change in Control,  if
            the amendment,  modification  or termination  adversely  affects the
            rights  of  any  Director  under  the  Plan.  No   modification   or
            termination  of the Plan  shall  adversely  affect the rights of any
            Director  with  respect to any amounts  standing  to the  Director's
            credit in any Account  immediately prior to the date of the adoption
            of such modification or termination,  including  without  limitation
            any rights with respect to the time and method of payment of, or the
            crediting of interest equivalents with respect to, any such amounts.

      4.2   Responsibility  for the  ongoing  administration  of this Plan rests
            with the Corporate Secretary's Department.

      4.3   All questions  concerning the disclosure of information  relating to
            this Plan, as well as any dispute over accounting or  administrative
            procedures or  interpretation  of the Plan,  will be resolved at the
            sole discretion of the Corporate Secretary.  The Corporate Secretary
            will not be liable to any person for any action  taken or omitted in
            connection with the  interpretation  and the  administration  of the
            Plan  unless  attributable  to  willful  misconduct  or lack of good
            faith.  Notwithstanding the foregoing, any determination made by the
            Corporate Secretary after the occurrence of a Change in Control that
            denies  in whole or in part any  claim  made by any  individual  for
            benefits under the Plan shall be subject to judicial review, under a
            "de novo", rather than a deferential, standard.

                                        6

<PAGE>

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

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

                  Corporate Secretary
                  Jersey Central Power & Light Company
                  300 Madison Avenue
                  Morristown, New Jersey 07962

            Any such election, selection,  designation, or change therein, shall
            not become  effective  unless and until  received  by the  Corporate
            Secretary. Subject to Sections 7.2 and 9, a distribution election or
            a change in a distribution election made by a Director after May 31,
            1987 will not be  effective  unless made at least  twenty-four  (24)
            months prior to the Director's Retirement or Disability.

5.    Deferral Election

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

                                        7
<PAGE>

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

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

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

      5.4   With respect to any Remuneration deferred hereunder which a Director
            elects  to  have  credited  to his or her  Retirement  Account,  the
            Director  may  elect  a   distribution   commencement   date  and  a
            distribution  option under Section 7.2 for the  distribution  of the
            account,  and may change,  subject to the provisions of Section 4.5,
            any  election  as  to  the   distribution   commencement   date  and
            distribution option for the account previously made by the Director,
            at  any  time  prior  to his or  her  Retirement.  The  distribution
            commencement  date so  elected  shall be  either  January  15 of the
            calendar year following the Director's Retirement,  or January 15 of
            any subsequent calendar year.

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

                                        8
<PAGE>

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

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

6.    Interest
      ---------

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

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

                                        9
<PAGE>

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

      7.1   A Director's  Pre-Retirement  Account  shall be  distributed  to the
            Director,  or distributions from such Pre-Retirement  Accounts shall
            commence,  on the date or dates  specified in the elections  made by
            the Director with respect to such accounts. A Director's  Retirement
            Account shall be distributed to the Director,  or distributions from
            such  accounts  shall  commence,   on  the  date  specified  in  the
            Director's  latest effective  election.  In such case a distribution
            election  made  after  May 31,  1987  will not be  effective  unless
            selected  at  least  twenty-four  (24)  months  prior  to his or her
            Retirement.

      7.2   The options for distribution are:

            (a)   A single lump sum payment.

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

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

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

                                       10
<PAGE>

                  with respect to the balances of his or her Accounts  have been
                  made  in  accordance  with  the  Director's   elections  under
                  Sections  5.3 and 5.4,  to have the entire  balance of each of
                  his Accounts that remains unpaid at the time of such Change in
                  Control  distributed  in the form of a single lump sum payment
                  Subject  to Section 9. Any such  election  shall be  effective
                  only if it is made at least  twelve (12) months  prior to such
                  Change in Control and prior to the Director's Retirement.  Any
                  special  election  made  under  clause (x) or (y) above may be
                  revoked and a new special  election may be made  thereunder at
                  any  time;  provided,  however,  that such  revocation  or new
                  election  shall be  effective  only if it is made  within  the
                  period  specified in the  preceding  sentence,  or within such
                  other period as may be applicable under Section 9. Any special
                  election,  or  revocation of a special  election,  that may be
                  made  hereunder  shall  be made in the  manner  set  forth  in
                  Section  4.6.  The lump sum  payment to be made  pursuant to a
                  Director's  special election  hereunder shall be made no later
                  than thirty  (30) days  following  the date of the  Director's
                  Retirement or, in the case of a special  election under clause
                  (y) above, the date of the Change in Control.

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

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

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

                                       11
<PAGE>

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

      7.4   Notwithstanding   anything  herein  to  the  contrary,  any  account
            maintained for a Director hereunder may be distributed,  in whole or
            in part, to such Director on any date earlier than the date on which
            distribution is to be made, or commence,  pursuant to the Director's
            election if:

            (a)   the Director requests early distribution, and

            (b)   the Board, in its sole discretion, determines that early
                  distribution  is  necessary  to help the  Director  meet  some
                  severe  financial need arising from  circumstances  which were
                  beyond the  Director's  control and which were not foreseen by
                  the Director at the time he or she made the election as to the
                  date or dates for distribution from such account. A request by
                  a Director for an early distribution shall be made in writing,
                  shall set forth  sufficient  information  as to the Director's
                  needs for such distribution to enable the Board to take action
                  on his or her request, and shall be mailed or delivered to the
                  Company's Corporate Secretary.

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

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

      8.2   All amounts paid under the Plan,  including the interest equivalents
            credited to a Director's  memorandum  account,  are considered to be
            Remuneration. The crediting of interest equivalents is intended to

                                       12

<PAGE>

            preserve the value of the Remuneration so deferred for the
            Director.

9.    Additional Change in Control Provisions
      ---------------------------------------

      In the event of a Change in Control of GPU, Inc. the  provisions set forth
      below shall apply, not withstanding any other provision of the Plan to the
      contrary:

      The regular  distribution  elections  provided for under  Section 5.4 with
      respect to a Director's  Retirement  Account and any special  distribution
      election  provided  for under  Section  7.2 with  respect to a  Director's
      Pre-Retirement and Retirement Accounts may be made by a Director,  and any
      such  election  previously  made by a Director  may be  revoked  and a new
      election  made the Director  under such  Sections,  at any time during the
      period  beginning  on  the  date  of any  agreement  entered  into  by the
      Corporation  which provides for the occurrence of one or more transactions
      which, if consummated,  should constitute a Change in Control,  and ending
      on the 45th day  after  such  date.  Any  election,  or  revocation  of an
      election that made be made pursuant to this Section 9 shall be made in the
      manner  set forth in Section  4.5.  Any  election,  or  revocation  of any
      election,  under Section 5.4 that is made pursuant to this Section 9 shall
      be  effective  only  if the  transactions  provided  for in the  agreement
      referred to in the preceding sentence are consummated.

                                       13

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