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      FIRSTENERGY
        CORP.

      

      EXECUTIVE
        DEFERRED
        COMPENSATION PLAN

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      Effective
        September
        28, 1985

      

      

      Amended
        and Restated
        as of January 1, 2005

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      TABLE
        OF
        CONTENTS

      

      

      

      
        	 	 	 	 	
                Page

              
	 	 	 
	
                ARTICLE
                  1 –
                  PURPOSE

              	 	
                1

              
	 	
                1.1

              	
                Purpose

              	 	
                1

              
	 	 	 	 	 
	
                ARTICLE
                  2 –
                  DEFINITIONS

              	 	
                1

              
	 	
                2.1

              	
                Account

              	 	
                1

              
	 	
                2.2

              	
                Administrative
                  Committee

              	 	
                1

              
	 	
                2.3

              	
                Beneficiary

              	 	
                1

              
	 	
                2.4

              	
                Board

              	 	
                1

              
	 	
                2.5

              	
                Change
                  in
                  Control

              	 	
                2

              
	 	
                2.6

              	
                Code

              	 	
                2

              
	 	
                2.7

              	
                Company

              	 	
                2

              
	 	
                2.8

              	
                Compensation
                  Committee

              	 	
                2

              
	 	
                2.9

              	
                Deferral
                  Election

              	 	
                2

              
	 	
                2.10

              	
                Deferral
                  Period

              	 	
                2

              
	 	
                2.11

              	
                Disability

              	 	
                2

              
	 	
                2.12

              	
                Effective
                  Date

              	 	
                3

              
	 	
                2.13

              	
                Elected
                  Deferred Compensation

              	 	
                3

              
	 	
                2.14

              	
                ERISA

              	 	
                3

              
	 	
                2.15

              	
                Employer

              	 	
                3

              
	 	
                2.16

              	
                Initial
                  Eligible Payment Date

              	 	
                3

              
	 	
                2.17

              	
                Interest
                  Rate

              	 	
                3

              
	 	
                2.18

              	
                Long-Term
                  Incentive Award

              	 	
                4

              
	 	
                2.19

              	
                Participant

              	 	
                4

              
	 	
                2.20

              	
                Participation
                  Agreement

              	 	
                4

              
	 	
                2.21

              	
                Pension
                  Plan

              	 	
                4

              
	 	
                2.22

              	
                Plan

              	 	
                4

              
	 	
                2.23

              	
                Retirement

              	 	
                4

              
	 	
                2.24

              	
                Retirement
                  Account

              	 	
                4

              
	 	
                2.25

              	
                Retirement
                  Stock Account

              	 	
                4

              
	 	
                2.26

              	
                Separation
                  from Service

              	 	
                5

              
	 	
                2.27

              	
                Short-Term
                  Incentive Award

              	 	
                5

              
	 	
                2.28

              	
                Stock
                  Account

              	 	
                5

              
	 	
                2.29

              	
                Unforeseeable
                  Emergency

              	 	
                5

              
	 	 	 	 	 
	
                ARTICLE
                  3 –
                  PARTICIPATION AND DEFERRAL COMMITMENTS

              	
                5

              
	 	
                3.1

              	
                Eligibility
                  and Participation

              	 	
                5

              
	 	
                3.2

              	
                Deferral
                  Elections

              	 	
                6

              
	 	
                3.3

              	
                Commencement,
                  Duration and Modification of Deferral Election

              	
                6

              

      

      

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

      

      
        	
                ARTICLE
                  4 –
                  ACCOUNTS

              	 	
                7

              
	 	
                4.1

              	
                Elected
                  Deferred Compensation

              	 	
                7

              
	 	
                4.2

              	
                Retirement
                  Account

              	 	
                7

              
	 	
                4.3

              	
                Stock
                  Account

              	 	
                8

              
	 	
                4.4

              	
                Retirement
                  Stock Account

              	 	
                8

              
	 	
                4.5

              	
                Deferred
                  Compensation Benefit

              	 	
                9

              
	 	
                4.6

              	
                Amounts
                  Transferred from the GPU Companies Deferred Compensation
                  Plan

              	 
	 	 	
                and
                  Nonqualified Pension Plan

              	 	
                9

              
	 	
                4.7

              	
                Vesting
                  of
                  Accounts

              	 	
                9

              
	 	
                4.8

              	
                Statement
                  of
                  Accounts

              	 	
                10

              
	 	 	 	 	 
	
                ARTICLE
                  5 –
                  DISTRIBUTION OF DEFERRED COMPENSATION BENEFITS

              	
                10

              
	 	
                5.1

              	
                Retirement
                  Benefit

              	 	
                10

              
	 	
                5.2

              	
                Death
                  Benefit

              	 	
                11

              
	 	
                5.3

              	
                Disability
                  Benefit

              	 	
                12

              
	 	
                5.4

              	
                Separation
                  from Service Benefit for Reasons Other Than Retirement
                  Disability

              	 
	 	 	
                or
                  Death –
                  Retirement Account

              	 	
                13

              
	 	
                5.5

              	
                Stock
                  Account
                  Distributions

              	 	
                14

              
	 	
                5.6

              	
                Accelerated
                  Distribution

              	 	
                14

              
	 	
                5.7

              	
                Financial
                  Hardship Distributions

              	 	
                15

              
	 	
                5.8

              	
                Withholding;
                  Payroll Taxes

              	 	
                16

              
	 	
                5.9

              	
                Commencement
                  of Payments

              	 	
                16

              
	 	
                5.10

              	
                Payment
                  to
                  Guardian

              	 	
                17

              
	 	
                5.11

              	
                Small
                  Accounts

              	 	
                17

              
	 	 	 	 	 
	
                ARTICLE
                  6 –
                  SUPPLEMENTAL PENSION BENEFIT

              	
                17

              
	 	
                6.1

              	
                Eligibility
                  and Participation

              	 	
                17

              
	 	
                6.2

              	
                Retirement
                  Benefit

              	 	
                17

              
	 	
                6.3

              	
                Death
                  Benefit

              	 	
                19

              
	 	 	 	 	 
	
                ARTICLE
                  7 –
                  BENEFICIARY DESIGNATION

              	
                20

              
	 	
                7.1

              	
                Beneficiary
                  Designation

              	 	
                20

              
	 	
                7.2

              	
                Amendments

              	 	
                20

              
	 	
                7.3

              	
                No
                  Beneficiary
                  Designation or Death of Beneficiary

              	
                20

              
	 	
                7.4

              	
                Effect
                  of
                  Payment

              	 	
                20

              
	 	 	 	 	 
	
                ARTICLE
                  8 –
                  ADMINISTRATION

              	 	
                21

              
	 	
                8.1

              	
                Administrative
                  Committee; Duties    

              	
                21

              
	 	
                8.2

              	
                Agents

              	 	
                22

              
	 	
                8.3

              	
                Indemnity
                  of
                  Committees

              	 	
                22

              
	 	
                8.4

              	
                Participating
                  Employers

              	 	
                22

              

      

      

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

      

      
        	
                ARTICLE
                  9 –
                  CLAIMS PROCEDURE

              	 	
                23

              
	 	
                9.1

              	
                Claim

              	 	
                23

              
	 	
                9.2

              	
                Initial
                  Claim
                  Review

              	 	
                23

              
	 	
                9.3

              	
                Review
                  of
                  Claim

              	 	
                24

              
	 	
                9.4

              	
                Review
                  of
                  Claims on and after a Change in Control

              	
                26

              
	 	 	 	 	 
	
                ARTICLE
                  10 –
                  AMENDMENT AND TERMINATION OF PLAN

              	
                26

              
	 	
                10.1

              	
                Right
                  to
                  Amend

              	 	
                26

              
	 	
                10.2

              	
                Right
                  to
                  Terminate

              	 	
                27

              
	 	
                10.3

              	
                Distribution
                  of Benefits on Plan Termination

              	
                27

              
	 	 	 	 	 
	
                ARTICLE
                  11 –
                  MISCELLANEOUS

              	 	
                28

              
	 	
                11.1

              	
                Unfunded
                  Plan

              	 	
                28

              
	 	
                11.2

              	
                Liability
                  for
                  Benefits

              	 	
                28

              
	 	
                11.3

              	
                Unsecured
                  General Creditor

              	 	
                28

              
	 	
                11.4

              	
                Obligations
                  to
                  Employer

              	 	
                29

              
	 	
                11.5

              	
                Nonassignability

              	 	
                29

              
	 	
                11.6

              	
                Not
                  a Contract
                  of Employment

              	 	
                29

              
	 	
                11.7

              	
                Protective
                  Provisions

              	 	
                29

              
	 	
                11.8

              	
                Captions

              	 	
                29

              
	 	
                11.9

              	
                Governing
                  Law

              	 	
                29

              
	 	
                11.10

              	
                Validity

              	 	
                30

              
	 	
                11.11

              	
                Notice

              	 	
                30

              
	 	
                11.12

              	
                Successors

              	 	
                30

              
	 	
                11.13

              	
                Code
                  Section
                  409A

              	 	
                30

              
	 	 	 	 	 
	 	 	 	 	 
	
                APPENDIX
                  A

              	 	
                31

              
	 	 	 	 	 
	
                APPENDIX
                  B

              	 	
                32

              

      

      

      

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

       

      FIRSTENERGY
        CORP.

      
        

        EXECUTIVE
          DEFERRED
          COMPENSATION PLAN

        

        

        

        ARTICLE
          1—PURPOSE

         

        

        1.1      Purpose

                   The
          purpose of this Executive Deferred Compensation Plan (the “Plan”) is to provide
          current tax planning opportunities as well as supplemental funds for retirement,
          death, disability or other separation of employment for key executives.
          The Plan
          is part of an integrated executive compensation program that is intended
          to
          attract, retain, and motivate certain key executives who are in positions
          to
          make significant contributions to the operation and profitability of Employers
          for the benefit of stockholders and customers.

        

                   This
          Plan is hereby amended and restated effective as of January 1, 2005 in
          order to
          comply with Code Section 409A and supersedes all prior versions of the
          Plan.

        

        

        ARTICLE
          2—DEFINITIONS

         

        

                   For
          the purposes of this Plan, the following terms shall have the meanings
          indicated, unless the content clearly indicates otherwise:

        

        2.1     Account

                   “Account”
          means the interest of a Participant in the Plan as represented by the
          hypothetical bookkeeping entries kept by Employer. A separate Account shall
          be
          established for each Participant and as may otherwise be required.

        

        2.2     Administrative
          Committee

                   “Administrative
          Committee” means the committee appointed to administer the Plan pursuant to
          Article 8.

        

        2.3     Beneficiary

                   “Beneficiary”
          means the person, persons or entity (including, without limitation any
          trustee)
          last designated by a Participant to receive the benefits specified in this
          Plan
          in the event of the Participant’s death.

        

        2.4     Board

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

        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

        

        2.5     Change
          in Control

                   “Change
          in Control” is defined in Appendix B of the Plan.

        

        2.6     Code

                   “Code”
          means the Internal Revenue Code of 1986, as amended together with all rules
          and
          regulations promulgated thereunder.

        

        2.7     Company

                   “Company”
          means FirstEnergy Corp., an Ohio corporation, or any successor to the business
          thereto.

        

        2.8     Compensation
          Committee

                   “Compensation
          Committee” means the Compensation Committee of the Board of Directors of the
          Company.

        

        2.9     Deferral
          Election

                   “Deferral
          Election” means a commitment by a Participant to defer a portion of his or her
          base salary, Short-Term Incentive Award and/or Long-Term Incentive Award
          pursuant to this Plan.

        

        2.10   Deferral
          Period

                   “Deferral
          Period” means the twelve (12) consecutive month period commencing January 1 of
          each year, except that the Deferral Period with respect to the initial
          year of
          eligibility pursuant to Section 3.1(c) of the Plan shall mean the period
          commencing on the later of the first (1st) day
          of the second
          (2nd) month
          following date of employment of an eligible employee or the date on which
          the
          eligible employee’s election to participate becomes irrevocable under Section
          3.1(c), and ending on the next following December 31.

        

        2.11   Disability

                   “Disability”
          means:

        

                   (a)           Solely
          with respect to Account balances that were accrued and vested as of December
          31,
          2004 and earnings, gains, and losses credited thereto after that date,
          a
          physical or mental condition such that a Participant is entitled to receive
          a
          monthly disability pension payment under the Pension Plan, except that
          a
          Participant need not have completed ten (10) years of Eligibility Service,
          as
          defined by the Pension Plan; and

        

                   (b)           Solely
          with respect to Account balances that accrue and/or vest after December
          31, 2004
          and earnings, gains and losses credited thereto after that date, a physical
          or
          mental condition in which the Participant:

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

                                  
          (i)            Is
          unable to engage in any substantial gainful activity by reason of any medically
          determinable physical or mental impairment which can be expected to result
          in
          death or can be expected to last for a continuous period of not less than
          twelve
          (12) months; or

         

                                  
          (ii)            Is
          by reason of any medically determinable physical or mental impairment which
          can
          be expected to result in death or an be expected to last for a continuous
          period
          of not less than twelve (12) months, receiving income replacement benefits
          for a
          period of not less than three (3) months under an accident and health plan
          covering employees of the Company, or

         

                                  
          (iii)            Is
          determined to be totally disabled by the Social Security Administration
          or the
          Railroad Retirement Board.

        

        2.12   Effective
          Date

                   This
          Plan is effective as of September 28, 1985, amended and restated as of
          May 17,
          2004 and it is amended and restated as of January 1, 2005 unless specifically
          stated otherwise herein.

        

        2.13   Elected
          Deferred Compensation

                   “Elected
          Deferred Compensation” means the amount of base salary, Short-Term Incentive
          Award and Long-Term Incentive Award that a Participant elects to defer
          pursuant
          to a Deferral Election.

        

        2.14   ERISA

                   “ERISA”
          means the Employee Retirement Income Security Act of 1974, as
          amended.

        

        2.15   Employer

                   “Employer”
          means the Company and any affiliated or subsidiary entity as defined in
          Code
          Section 414(b) and (c) except that in applying Code Section 1563 “50 percent”
shall be substituted for “80 percent.”

        

        2.16   Initial
          Eligible Payment Date

                   “Initial
          Eligible Payment Date” means the third (3rd) anniversary
          of the
          date Elected Deferred Compensation for a Deferral Period is first credited
          to
          the Stock Account.

        

        2.17   Interest
          Rate

                   “Interest
          Rate” means the annual equivalent of the average of the Moody’s Average
          Long-Term Corporate Bond Yield Index for the twelve (12) consecutive month
          period ending on October 31 of the calendar year immediately preceding
          the
          Deferral Period to which the Interest Rate applies, as published by Moody’s
          Investors Service, Inc., or any successor thereto, or a substantially similar
          index if such index is no longer published.

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

        

        2.18   Long-Term
          Incentive Award

                   “Long-Term
          Incentive Award” means those vested Performance Share awards, otherwise payable
          in cash but for the deferral hereunder, permitted under Article 9 of the
          Executive and Director Incentive Compensation Plan and earned under the
          FirstEnergy Executive Compensation Plan, as amended and revised.

        

        2.19   Participant

                   “Participant”
          means any key executive who is an employee of any Employer and who has
          been
          designated by the Chief Executive Officer of the Company as eligible to
          participate in this Plan pursuant to either Article 3 or Article 6 of this
          Plan.
          For purposes of the Deferred Compensation Benefit portion of this Plan,
          such an
          employee is a Participant only if he or she files a Participation Agreement
          with
          the Administrative Committee. Any employee who had amounts transferred
          from the
          GPU Companies Compensation Plan in accordance with Section 4.6 shall be
          a
          Participant as of the date of such transfer.

        

        2.20   Participation
          Agreement

                   “Participation
          Agreement” means the agreement, whether written or provided through electronic
          means, in which a Participant makes a Deferral Election and makes elections
          regarding the time and/or manner in which amounts shall be distributed
          from the
          Plan. In order for a Deferral Election to be effective for a Deferral Period,
          the Participation Agreement must be submitted by a Participant to the
          Administrative Committee or its delegates prior to the commencement of
          the
          Deferral Period in which the Elected Deferred Compensation is
          earned.

        

        2.21   Pension
          Plan

                   “Pension
          Plan” means the FirstEnergy Corp. Pension Plan as amended.

        

        2.22   Plan

                   “Plan”
          means this FirstEnergy Corp. Executive Deferred Compensation Plan as set
          forth
          in this document and as the same may be amended from time to time.

        

        2.23           Retirement

                   “Retirement”
          means Separation from Service on or after age fifty-five (55) except due
          to
          death and entitled to receive a benefit under the Pension Plan.

        

        2.24   Retirement
          Account

                   “Retirement
          Account” means the Account established pursuant to Section 4.2 of this
          Plan.

        

        2.25   Retirement
          Stock Account

                   “Retirement
          Stock Account” means the Account established pursuant to Section 4.4 of this
          Plan.

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

        

        2.26   Separation
          from Service

                   “Separation
          from Service” means an employee’s “termination of employment” with all
          Employers. Whether a “termination of employment” has occurred is determined
          based on whether the facts and circumstances indicate that the Employers
          and the
          employee reasonably anticipate that no further services will be performed
          after
          a certain date or that the level of bona fide services the employee will
          perform
          after such date (whether as an employee or as an independent contractor)
          will
          permanently decrease to no more than twenty (20) percent of the average
          level of
          bona fide services performed (whether as an employee or independent contractor)
          over the immediately preceding thirty-six (36) months (or the full period
          of
          services to the Employers if the employee has been providing services to
          the
          Employers for less than thirty-six (36) months).

        

        2.27   Short-Term
          Incentive Award

                   “Short-Term
          Incentive Award” means those vested awards earned under the FirstEnergy
          Executive Incentive Compensation Plan, as amended and revised.

        

        2.28   Stock
          Account

                   “Stock
          Account” means the Account established pursuant to Section 4.3 of this
          Plan.

        

        2.29   Unforeseeable
          Emergency

                   “Unforeseeable
          Emergency” means a severe financial hardship to the Participant resulting from
          an illness or accident of the Participant, the Participant’s spouse or the
          Participant’s Beneficiary or dependent (as defined in Code Section 152 without
          regard to sections 152(b)(1), (b)(2) and (d)(1)(B)); loss of the Participant’s
          property due to casualty, or other similar extraordinary and unforeseeable
          circumstances arising as a result of events beyond the control of the
          Participant.

        

        

        ARTICLE
          3—PARTICIPATION AND DEFERRAL COMMITMENTS

         

        

        3.1     Eligibility
          and Participation

                (a)           Eligibility.  The
          Chief Executive Officer of the Company may designate any key executive
          who is an
          employee of any Employer as eligible to make a Deferral Election and to
          receive
          Stock Premiums as of the first (1st) day
          of any month
          following the employee’s date of hire.

         

                  
          (b)           Participation.  An
          eligible employee may elect to participate in the Plan by filing with the
          Administrative Committee a Participation Agreement prior to the Deferral
          Period
          in which the employee is eligible to participate, except as set forth in
          subsection (c) below. The Participation Agreement shall be irrevocable
          as of the
          December 31 immediately preceding the Deferral Period.

         

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

        

                  
          (c)           Initial
          Year of Eligibility.  An eligible employee may elect to participate in
          the Plan by filing with the Administrative Committee a Participation Agreement
          within thirty (30) days of the date such employee first becomes eligible
          to
          participate in the Plan. In the event an employee previously participated
          in
          this Plan, such employee may not elect to participate under this subsection
          unless he or she has not been eligible to participate for at least the
          twenty-four (24) month period immediately preceding the most recent date
          of
          eligibility. The Participation Agreement shall be irrevocable as of the
          thirtieth (30th)
          day following the employee’s eligibility date.

         

                  
          (d)           A
          Participation Agreement shall not be considered to be revocable merely
          because
          the employee or his or her Employer may make an election to change the
          time and
          form of payment or the employee may accelerate the time of payment of a
          Deferred
          Compensation Benefit but only to the extent such a change is permitted
          by this
          Plan.

         

        3.2     Deferral
          Elections

                   A
          Participant may elect in the Participation Agreement to defer any or all
          of the
          following:

         

                  
          (a)           Salary
          Deferral.  A Participant may elect to defer a percentage of base
          salary earned and otherwise payable for the Deferral Period. The amount
          to be
          deferred shall be stated as a whole percentage and, effective January 1,
          2002,
          shall not be more than fifty percent (50%) of base salary.

         

                  
          (b)           Short-Term
          Incentive Award and/or Long-Term Incentive Award Deferral.  A
          Participant may elect to defer a percentage of his or her Short-Term Incentive
          Award and/or Long-Term Incentive Award that is earned during the Deferral
          Period
          and otherwise payable in the year following the Deferral Period. The amount
          to
          be deferred must be stated as a whole percentage and shall not be more
          than one
          hundred percent (100%) of such Award, less any taxes or other amounts that
          may
          be required to be withheld.

         

        3.3     Commencement,
          Duration and Modification of Deferral Election

                (a)           Commencement.  A
          Deferral Election shall become effective on the first (1st) day
          of the
          Deferral Period immediately following the date a Participation Agreement
          for
          such Deferral Election is filed with the Administrative
          Committee.

         

                  
          (b)           Duration of
          Deferral Election.  A Deferral Election shall remain in effect for one
          (1) Deferral Period only.

         

                  
          (c)           Modification
          Due to Unforeseeable Emergency or Hardship Distribution.  A Deferral
          Election shall be irrevocable, except that the Administrative Committee
          may
          permit a Participant to cancel the remainder of the Deferral Election for
          a
          Deferral Period upon a finding, based upon uniform standards established
          by the
          Administrative Committee, that the Participant has suffered an Unforeseeable
          Emergency or is qualified to receive a hardship distribution pursuant to
          Code
          Section 1.401(k)-1(d)(3). If the Administrative Committee grants a waiver,
          the
          Participant shall not be permitted to make a Deferral Election in the same
          Deferral Period.

         

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

        

         

        ARTICLE
          4—ACCOUNTS

         

        

        4.1     Elected
          Deferred Compensation

                   A
          Participant’s Elected Deferred Compensation shall be credited to the
          Participant’s Account as of the date such amount would have otherwise been paid
          to such Participant.

        

        4.2     
          Retirement Account

                (a)           Establishing
          a Retirement Account.  A Participant may establish an annual
          Retirement Account on and after January 1, 2005 which shall be maintained
          solely
          for recordkeeping purposes, by making a Deferral Election.

         

                  
          (b)           Maximum
          Deferral.  A Participant may elect to defer up to fifty percent (50%)
          of base salary and up to one hundred percent (100%) of the Short-Term Incentive
          Award into the Retirement Account.

         

                  
          (c)           Earnings

         

                                 
          (i)             Prior to
          January 1, 2008, the Retirement Account shall be credited with earnings
          equal to
          the Interest Rate plus three (3) percentage points. The maximum Interest
          Rate
          shall be twelve percent (12%).

         

                                 
          (ii)     
      Commencing January 1, 2008, a Participant
          may elect from among a series of hypothetical investment options, including
          the
          option described in paragraph (i) above, which are selected by the
          Administrative Committee and to which the Participant’s Elected Deferred
          Compensation shall be credited. The Participant’s Accounts shall be credited
          daily with earnings, gains and losses as if such Accounts were invested
          in one
          (1) or more Plan investment options, as selected by the Participant. Investment
          options may be changed from time to time by the Administrative Committee
          in its
          sole discretion.

         

                                 
          (iii)           Participants
          may change the options into which Elected Deferred Compensation is credited
          and
          may change the allocation of existing Account balances which elections
          shall
          become effective as of the first (1st) day
          of the month
          following the date such election is submitted to the Administrative
          Committee.

         

                  
          (d)           Earnings
          for Senior Management Retirees.  The Retirement Account of any Member
          of senior management who retired before July 1, 1998 shall be credited
          with the
          greater of:

         

                                  
          (i)            The
          Interest Rate plus four (4) percentage points, or

         

                                  
          (ii)           The
          equivalent of a twelve percent (12%) annual yield.

         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

        

         

        4.3     Stock
          Account

               
(a)           Establishing
          a Stock Account.  A Participant may establish an annual Stock Account,
          which shall be maintained solely for recordkeeping purposes, by making
          a
          Deferral Election.

         

                  
          (b)           Maximum
          Deferral.  A Participant may elect to defer up to one hundred percent
          (100%) of the Short-Term Incentive Award and Long-Term Incentive Award
          into the
          Stock Account.

         

                  
          (c)           Stock
          Premium.  Amounts deferred into the Stock Account shall be credited
          with an amount equal to twenty percent (20%) of the amount deferred into
          the
          Stock Account. Such premium shall be credited as of the date the corresponding
          Elected Deferred Compensation is credited to the Stock Account.

         

               
            
(d)           Stock Units
          and Earnings.  Amounts deferred into the Stock Account shall be
          converted into units of Company common stock. The number of stock units
          credited
          to the Stock Account shall be determined by dividing the amount deferred
          into
          the Stock Account, plus the Stock Premium described in (c) above, by the
          average
          daily closing price of Company common stock during February of the Deferral
          Period in which the Elected Deferred Compensation is credited to the
          Account.

         

                  (e)           Dividends.  Additional
          stock units shall be credited to each Stock Account at the time dividend
          payments are made to Company shareholders. The number of additional units
          credited shall be based on the number of units in the Stock Account and
          the
          market price of Company stock at the close of that business day.

         

                  
          (f)           Automatic
          Cessation of Stock Premium and Dividends.  Unless the Plan is
          terminated by the Company prior to the following, the crediting of the
          20% stock
          premium and dividends in Company common stock will automatically cease
          on May
          17, 2014 or earlier if the maximum share reserve of 1,000,000 shares is
          reached,
          unless shareholders reapprove these features on the earlier of the prior
          date or
          prior to the depletion of the maximum share reserve.

         

        4.4     Retirement
          Stock Account

               
(a)           Establishing
          a Retirement Stock Account.  Effective January 1, 2002, a Retirement
          Stock Account may be established for a Participant who has elected to defer
          receipt of his or her Stock Account pursuant to Section 5.5(a) of this
          Plan
          solely for recordkeeping purposes and shall be credited with earnings,
          gains,
          losses and dividends in the same manner as the Stock
          Account.

         

                 
          (b)           Transfer to
          Retirement Account.  Upon Separation from Service or death the value
          of the Participant’s Retirement Stock Account shall be transferred to the
          Participant’s Retirement Account as of the date of Separation from Service or
          death and paid in cash pursuant to Article 5 of this Plan.

         

        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

        

         

        4.5     Deferred
          Compensation Benefit

                   The
          aggregate balances of a Participant’s Retirement Account, Stock Account and
          Retirement Stock Account shall be the Participant’s “Deferred Compensation
          Benefit.”

        

        4.6     Amounts
          Transferred from the GPU Companies Deferred Compensation Plan and Nonqualified
          Pension Plan

         

                  
          (a)           Deferred
          Compensation Amounts.  As of November 7, 2001, certain account
          balances from the GPU Companies Deferred Compensation Plan were transferred
          to
          this Plan in conjunction with the merger of GPU, Inc. into the Company.
          As of
          such date, the transferred balances shall be credited in a Retirement Account
          for each such former employee of the GPU Companies and shall be credited
          with
          earnings in the same manner as all other Retirement Accounts.

         

                  
          (b)           Nonqualified
          Pension Plan Amounts.  As of November 7, 2001, the accrued benefit
          associated with certain GPU nonqualified pension plans were transferred
          to this
          Plan in conjunction with the merger of GPU, Inc. into the Company. Each
          such
          former employee affected by this transfer shall be entitled to receive
          an
          increase in such employee’s benefit equal to ten percent (10%) of the benefit,
          so that, when benefits are paid, they will be ten percent (10%) greater
          than the
          amount that otherwise would have been paid had the benefit been paid under
          the
          GPU Companies nonqualified pension plans.

         

        4.7     Vesting
          of Accounts

                   Each
          Participant shall be vested in the amounts credited to such Participant’s
          Accounts as follows:

         

                  
          (a)           Elected
          Deferred Compensation.  A Participant shall be one hundred percent
          (100%) vested at all times in his Elected Deferred Compensation and any
          gains or
          losses thereon regardless of the Account to which such amounts are
          credited.

         

                  
          (b)           Stock
          Premium.  A Stock Premium, and any earnings gains or losses thereon
          shall be one hundred percent (100%) vested on:

         

                                  
          (i)           the Initial
          Eligible Payment Date for the related Elected Deferred Compensation, provided
          the Participant is either:

         

                                                  
          a)           Employed by
          an Employer on the Initial Eligible Payment Date, or

         

                                            
               
b)           Has a
          Separation from Service on or after reaching age sixty (60);

         

        
          
            
            

          

          
            9

            
              

            

          

          
            
            

          

        

        

                                  
          (ii)           the death
          of the Participant;

         

                                 
          (iii)           a
          Separation from Service of the Participant due to one (1) of the following
          events:

         

                                                  
          a)           his or her
          Disability;

         

                                                  
          b)           involuntary
          termination under conditions where the Participant becomes eligible for
          and
          elects to accept an Employer severance benefit; or

         

                                  (iv)           a
          Change in Control.

         

        4.8     Statement
          of Accounts

                   The
          Administrative Committee shall submit to each Participant, after the close
          of
          each calendar year and at such other times as determined by the Administrative
          Committee, a statement setting forth the balance to the credit of the Accounts
          maintained for a Participant.

        

        

        ARTICLE
          5—DISTRIBUTION OF DEFERRED COMPENSATION BENEFITS

         

        

        5.1     Retirement
          Benefit

               
(a)           Benefit.  Upon
          a Participant’s Retirement, the Participant shall be paid a Deferred
          Compensation Benefit equal to the amount of the Participant’s Retirement Account
          earned by the Participant to the date such amount is distributed, including
          any
          balance transferred from the Participant’s Retirement Stock Accounts and Stock
          Accounts.

         

                  
          (b)           Form of
          Benefit.  The Participant may make an election in his or her
          Participation Agreement to receive benefits from the Retirement Account
          in the
          following manner:

         

                                  
          (i)            A lump-sum
          payment; and/or

         

                                 
          (ii)            Monthly
          installments over a period of up to three hundred (300) months. The amount
          of
          the installment shall be redetermined January 1 of each year based upon
          the then
          current earnings crediting rate under Section 4.2(c)(i) of the Plan, the
          remaining Retirement Account balance, and the remaining number of payment
          periods.

         

                  
          (c)           Election
          Regarding Time of Payment.  A Participant may make an election in his
          or her Participation Agreement to defer commencement of payment of the
          Retirement Account to the later of Retirement or a specified date, but
          the
          specified date shall not be later than the first (1st) day
          of the month
          following the Participant’s seventieth (70th) birthday.

         

                  
          (d)           Default
          Form of Benefit.  If the Participant makes no election as to the
          manner in which benefits shall be distributed prior to the commencement
          of
          Deferral Period, the Employer shall pay benefits in a lump-sum
          payment.

         

        
          
            
            

          

          
            10

            
              

            

          

          
            
            

          

        

        

                  
          (e)           Grandfathered
          Election Right.  Solely with respect to Account balances accrued and
          vested as of December 31, 2004 and earnings, gains and losses credited
          thereon
          after that date, a Participant may amend his or her elections regarding
          the form
          of benefit and time of payment up to ninety (90) days prior to
          Retirement.

         

                  
          (f)           Changing
          Date or Form of Payment.  Solely with respect to Account balances that
          accrue and/or vest after December 31, 2004 including deemed earnings, gains
          and
          losses credited thereon after that date, a Participant may amend his or
          her
          elections regarding the form of benefit and time of payment
          provided:

         

                                   (i)
                     Such election
          is submitted to the Committee in writing at least twelve (12) months prior
          to
          the date any amount is to be distributed from the Plan;

         

                                  
          (ii)           Such
          election shall not take effect until twelve (12) months after it is submitted
          to
          the Committee in writing; and

         

                                  
          (iii)          The payment of
          any benefits under this Plan shall not commence until at least five (5)
          years
          from the date such payment would otherwise have been made.

         

                   (g)           Transition
          Election Right.  Notwithstanding the above, distribution elections
          made with respect to Deferral Elections made between January 1, 2005 and
          December 31, 2007 may be changed no later than December 31, 2007 in accordance
          with Code Section 409A.

         

        5.2     Death
          Benefit

                (a)           Benefit.  Upon
          a Participant’s death, the Participant’s Beneficiary shall be paid a Deferred
          Compensation Benefit equal to the amount of the Participant’s Retirement
          Account, Stock Account and Retirement Stock Account earned by the Participant
          to
          the date such amount is distributed to the Participant’s Beneficiary. If a
          Participant dies prior to Separation from Service, such amounts shall be
          paid to
          the Beneficiary in the form elected by the Participant and in accordance
          with
          Section 5.5 of this Plan.

         

                 
          (b)           Form of
          Payment.  Each Participant may make an election in his or her
          Participation Agreement to have his or her death benefits paid in any manner
          described in Section 5.1(b).

         

         
                   (c)           Grandfathered
          Election Right.  Solely with respect to Account balances accrued and
          vested as of December 31, 2004 and earnings, gains and losses credited
          thereon
          after that date, the Participant may change such distribution election
          by filing
          a new election with the Administrative Committee at any time prior to such
          Participant’s death.

         

                  
          (d)           Changing
          Form of Payment.  Solely with respect to Account balances that accrue
          and/or vest after December 31, 2004 including deemed earnings, gains and
          losses
          credited thereon after that date, a Participant may amend his or her elections
          regarding the form of benefit and such election shall take effect twelve
          (12)
          months after it is submitted to the Committee in writing.

         

        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

        

        

         

                  
          (e)           Transition
          Election Right.  A Participant may change distribution elections made
          with respect to Deferral Elections between January 1, 2005 and December
          31, 2007
          no later than December 31, 2007 in accordance with Code Section 409A. Such
          elections made at any time thereafter shall become effective twelve (12)
          months
          after such election is filed with the Administrative Committee.

         

                  
          (f)  
         Installment
          Payments.  If a Participant dies after Retirement and while receiving
          installment payments of such benefit, such amounts shall continue to be
          paid to
          the Beneficiary in the same manner.

         

                  
          (g)           Deferral
          Not Effective.  If the Participant elected to defer commencement of
          Retirement benefits pursuant to Section 5.1(c) and dies prior to the
          commencement thereof, upon the Participant’s death such election to defer
          commencement of Retirement benefit payments shall become null and void
          and
          payments will commence immediately to the Beneficiary in the form elected
          by the
          Participant.

         

        5.3     Disability
          Benefit

               
(a)           Benefit.  Upon
          a Participant’s Separation from Service due to Disability, the Participant shall
          be paid a Deferred Compensation Benefit equal to the amount of the Participant’s
          Retirement Account, Stock Account and any balance transferred from the
          Retirement Stock Account or Stock Accounts earned by the Participant through
          the
          date such amount is distributed to the Participant.

         

                  
          (b)           Form of
          Payment

         

                                  
          (i)            Retirement
          Account.  A benefit shall be paid as elected by the Participant in the
          Participation Agreement with respect to the Retirement Account.

         

                                  
          (ii)           Stock
          Account.  A benefit shall be paid from the Stock Account pursuant to
          Section 5.5 of the Plan.

         

                  
          (c)           Grandfathered
          Election Right.  Solely with respect to Account balances accrued and
          vested as of December 31, 2004 and earnings, gains and losses credited
          thereon
          after that date, such election may be changed by the Participant at any
          time
          prior to Disability, and the Participant may choose to receive benefits
          in the
          same manner as described in Section 5.1(b) of the Plan.

         

                  
          (d)           Changing
          Date or Form of Payment.  Solely with respect to Account balances that
          accrue and/or vest after December 31, 2004 including deemed earnings, gains
          and
          losses credited thereon after that date, a Participant may amend his or
          her
          elections regarding the form of benefit and time of payment
          provided:

         

                                  
          (i)            Such
          election is submitted to the Committee in writing at least twelve
          (12) months prior to the date any amount is to be distributed from the
          Plan;

         

        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

        

         

                                  
          (ii)           Such
          election shall not take effect until twelve (12) months after it is submitted
          to
          the Committee in writing; and

         

                                  
          (iii)           The
          payment of any benefits under this Plan shall not commence until at least
          five
          (5) years from the date such payment would otherwise have been
          made.

         

                  
          (e)           Transition
          Election Right.  Notwithstanding the above, distribution elections
          made with respect to Deferral Elections made between January 1, 2005 and
          December 31, 2007 may be changed no later than December 31, 2007 in accordance
          with Code Section 409A.

         

        5.4     Separation
          from Service Benefit for Reasons Other Than Retirement, Disability or
          Death—Retirement Account

         

                  
          (a)           Benefit.  Upon
          a Participant’s Separation from Service prior to his or her Retirement,
          Disability or death, the Participant shall be paid a Deferred Compensation
          Benefit equal to the amount of the Participant’s Retirement Account, Stock
          Account and any balance transferred from the Retirement Stock Account or
          Stock
          Accounts earned by the Participant through the date such amount is distributed
          to the Participant.

         

                  
          (b)           Form of
          Payment.

         

                                  
          (i)            Retirement
          Account.  The benefit under this Section shall be paid to the
          Participant in a lump-sum.

         

                                  
          (ii)           Stock
          Account.  A benefit shall be paid from the Stock Account pursuant to
          Section 5.5 of the Plan.

         

                  
          (c)           Grandfathered
          Election Right.  Notwithstanding the above, effective January 1, 2002
          and solely with respect to Account balances accrued and vested as of December
          31, 2004 including earnings, gains and losses credited thereon after that
          date,
          any Participant who has been involuntarily terminated under conditions
          where the
          Participant becomes eligible for and elects to accept an Employer severance
          benefit, may irrevocably elect at least thirty (30) days prior to the date
          of
          Separation from Service to receive three (3) installment payments, the
          first to
          be paid as soon as administratively feasible following the Participant’s date of
          Separation from Service and on January 1 of each of the next two (2) years.
          The
          amount of the installment shall be redetermined January 1 of each year
          based
          upon the then current earnings crediting rate under Section 4.2(c) of the
          Plan,
          the remaining Retirement Account balance, and the remaining number of
          payments.

         

        
          
            
            

          

          
            13

            
              

            

          

          
            
            

          

        

        

         

        5.5     Stock
          Account Distributions

                (a)           Benefit
          of Participant Employed on Initial Eligible Payment Date or with a Separation
          from Service on or after Age Sixty.  An Employer shall pay a
          Participant who is employed by any Employer on his or her Initial Eligible
          Payment Date or who has a Separation from Service on or after age sixty
          (60) a
          Deferred Compensation Benefit equal to the amount of the Participant’s Stock
          Account earned by the Participant while he or she was employed by such
          Employer,
          including the Stock Premium, in Company common stock. Commencing January
          1,
          2002, a Participant may elect in his or her Participation Agreement to
          defer
          receipt of such payment to the Participant’s date of Separation from Service or
          death. If such an election is made, such Stock Account balance, including
          the
          Stock Premium, shall be transferred to a Retirement Stock Account or held
          in the
          Stock Account until Separation from Service or death and then transferred
          to a
          Retirement Account and paid in cash pursuant to the Participant’s elections or
          Plan provisions, whichever is applicable, under Sections 5.1, 5.2, 5.3,
          or 5.5
          of this Plan.

         

                   (b)           Benefit
          of Participant with Separation from Service prior to Age
          Sixty.  Commencing January 1, 2002, if a Participant with a Stock
          Account balance that has not reached its Initial Eligible Payment Date
          Separates
          from Service for any reason, including death or Disability prior to age
          sixty
          (60), such vested balance shall be transferred to a Retirement Account
          and paid
          in cash pursuant to the Participant’s elections or Plan provisions, whichever is
          applicable, under Article 5 of this Plan.

         

                  (c)           Benefit
          of Participant with Separation from Service on and after Age
          Sixty.  Commencing January 1, 2002, if a Participant with a Stock
          Account balance that has not reached its Initial Eligible Payment Date
          Separates
          from Service for any reason including death or Disability on or after age
          sixty
          (60), such Stock Account, including the Stock Premium, shall be payable
          on the
          earlier of the date the Stock Premium becomes fully vested or the Initial
          Eligible Payment Date. A Participant may make an election each year in
          a
          Participation Agreement to receive the Stock Account, including the Stock
          Premium, either in the form of Company common stock or in cash and paid
          pursuant
          to the Participant’s elections or Plan provisions, whichever is applicable,
          under Article 5 of this Plan. If the Participant does not make an election
          prior
          to the Commencement of the Deferral Period, such Stock Accounts shall be
          paid in
          the form of Company common stock.

         

        5.6     
          Accelerated Distribution

                   Notwithstanding
          anything to the contrary herein and solely with respect to Accounts that
          are
          accrued and vested as of December 31, 2004 including earnings, gains and
          losses
          credited thereon after that date, at any time, a Participant (or the
          Participant’s Beneficiary in case of the death of the Participant) may request a
          distribution of his or her vested Account balance. Each Employer by whom
          the
          Participant was employed shall pay a Plan benefit equal to the amount of
          the
          Participant’s Retirement Account earned by the Participant during the
          Participant’s employment with such Employer. Such vested balance shall be
          reduced by ten percent (10%), which amount shall be forfeited by the
          Participant.

        
          
            
            

          

          
            14

            
              

            

          

          
            
            

          

        

        

                   Such
          request must be made in writing in a form and manner specified by the
          Administrative Committee. The distribution to the Participant or Beneficiary
          shall be made as soon as administratively feasible in a lump-sum. The amount
          distributed from the Stock Account and the Retirement Stock Account shall
          be
          paid in Company common stock. Such distribution shall completely discharge
          the
          Administrative Committee and the Employers from all liability with respect
          to
          the Participant’s or Beneficiary’s Accounts.

        

                   If
          the Participant is an employee of an Employer when the distribution is
          made, the
          Participant shall not make a Deferral Election until January 1 of the second
          calendar year following the calendar year in which the Participant receives
          such
          distribution.

        

                   Notwithstanding
          the foregoing, if a Participant who is required to file reports under Section
          16
          of the Securities Exchange Act of 1934 requests an accelerated distribution
          of
          his Stock Account, and/or the Retirement Stock Account, the request must
          be
          approved by the Compensation Committee.

        

        5.7     Financial
          Hardship Distributions

               
(a)           Distribution
          upon an Unforeseeable Emergency.  Notwithstanding any other provision
          of the Plan and solely with respect to Account balances that accrue and
          vest
          after December 31, 2004 including deemed earnings, gains and losses
          credited thereon after that date, payment from the Participant’s Accounts may be
          made to the Participant, in the sole discretion of the Administrative Committee,
          due to an Unforeseeable Emergency.

         

                  
          (b            Termination
          of Deferral Election.  If such a distribution is made, the
          Participant’s Deferral Election for the Deferral Period in which the
          distribution is made shall be void and such Participant shall not be eligible
          to
          make a Deferral Election until the next Deferral Period.

         

                  
          (c)           Maximum
          Amount of Distribution.  Such payment shall not exceed the amount
          reasonably necessary to satisfy the Unforeseeable Emergency plus amounts
          necessary to pay taxes reasonably anticipated as a result of the distribution
          after taking into account the extent to which such Unforeseeable Emergency
          is or
          may be relieved through cancellation of the Participant’s Deferral Election,
          reimbursement or compensation by insurance or otherwise or by liquidation
          of the
          Participant’s assets, to the extent such liquidation would not itself cause
          severe financial hardship. However, the determination of amounts necessary
          to
          satisfy the Unforeseeable Emergency is not required to take into account
          an
          available distribution or loan from a qualified plan, any additional
          compensation that is available under another nonqualified deferred compensation
          plan, including a grandfathered nonqualified deferred compensation plan,
          but has
          not actually been paid.

         

                 
          (d)           Payment
          Form and Source.  Payment shall be made in a single lump-sum within
          thirty (30) days after the date the request for a distribution is approved
          by
          the Administrative Committee. Distributions shall be made first from the
          Retirement Account, then from any Retirement Stock Account and then from
          any
          Stock Account, excluding the Stock Premium.

         

         

        
          
            
            

          

          
            15

            
              

            

          

          
            
            

          

        

         

         

        5.8     Withholding;
          Payroll Taxes

                   An
          Employer paying a benefit shall withhold from payments made hereunder to
          the
          Participant or any Beneficiary, any amounts required to be withheld by
          applicable law. An Employer may withhold from either deferred or nondeferred
          compensation any amounts required to be withheld by the Federal Insurance
          Contributions Act (FICA), the Federal Unemployment Tax Act (FUTA), or any
          state
          income tax provision, or any other applicable law. All Plan administration
          expenses incurred by an Employer or the Administrative Committee shall
          be borne
          by the Company.

        

        5.9     Commencement
          of Payments

               
(a)           Commencement
          Date.  Except for a distribution upon an Unforeseeable Emergency as
          provided in Section 5.7 and for grandfathered benefits as provided in subsection
          (e) below, payment of benefits shall commence as soon as administratively
          feasible following the event giving rise to a distribution but not later
          than
          ninety (90) days following the date of the event giving rise to the
          distribution. A Participant shall not have a right to designate the taxable
          year
          of payment other than by an election that is otherwise permitted by this
          Plan.

         

                  
          (b)           Specified
          Employee.  Notwithstanding subsection (a), a Participant who is a
          specified employee as defined in Code Section 409A(a)(2)(B)(i) on his date
          of
          Separation from Service (except due to death) shall not receive a distribution
          of any amount under this Plan, whether a Deferred Compensation Benefit
          or a
          Supplemental Pension Benefit, that is accrued and/or vested after December
          31,
          2004 including earnings, gains and losses credited thereon after that date
          before the date which is six (6) months after the date of Separation from
          Service.

         

                  
          (c)           Delay in
          Payment.  In the event a distribution must be delayed as required in
          subsection (b):

         

                                  
          (i)           If the
          payment is a lump-sum, such lump-sum shall continue to be credited with
          earnings, gains and losses pursuant to Section 4.2(c) until the actual
          date of
          distribution.

         

                                 
          (ii)           If the
          benefit is to be paid in installments, the first payment shall include
          an amount
          equal to the sum of the monthly payments which would have been paid to
          the
          Participant but for the payment deferral mandated pursuant to subsection
          (b).

         

                  
          (d)           All
          payments shall be made as of the first (1st) day
          of the
          month.

         

                  
          (e)           Grandfathered
          Commencement Date.  Solely with respect to benefits under this Plan
          accrued and vested as of December 31,2004 and earnings, gains and losses
          credited thereon after that date, payment of benefits shall commence as
          soon as
          administratively feasible following the event giving rise to a
          distribution.

         

        
          
            
            

          

          
            16

            
              

            

          

          
            
            

          

        

        

         

        5.10   Payment
          to Guardian

                   If
          a Plan benefit is payable to a minor or a person declared incompetent or
          to a
          person incapable of handling the disposition of property, the Administrative
          Committee may direct payment of such Plan benefit to the guardian, legal
          representative or person having the care and custody of such minor or
          incompetent person. The Administrative Committee may require proof of
          incompetence, minority, incapacity or guardianship as it may deem appropriate
          prior to distribution of the Plan benefit. Such distribution shall completely
          discharge the Administrative Committee and the Employer from all liability
          with
          respect to such benefit.

        

        5.11   Small
          Accounts

                   Notwithstanding
          anything herein to the contrary and solely with respect to account balances
          that
          are accrued and vested as of December 31, 2004, including earnings, gains
          and
          losses credited thereon after that date, in the event the Participant’s Account
          balance that will be paid in installments is less than one hundred thousand
          dollars ($100,000) on the date payments commence, and such Participant
          has
          elected to receive installment payments over a period of more than one
          hundred
          eighty (180) months, such election shall become null and void and the
          Participant shall receive such benefit in monthly installments over one
          hundred
          eighty (180) months.

        

        

        ARTICLE
          6—SUPPLEMENTAL PENSION BENEFIT

         

        

        6.1     Eligibility
          and Participation

                   The
          Chief Executive Officer of the Company may designate any key executive
          who is an
          employee of any Employer as eligible to receive the benefit described in
          this
          Article (“Supplemental Pension Benefit”) as of the first (1st) day
          of the month
          following the employee’s date of hire.

        

        6.2     Retirement
          Benefit

                (a)           Benefit.  Each
          Participant or Beneficiary who is entitled to a benefit under the Pension
          Plan
          shall be entitled to a Supplemental Pension Benefit equal to the benefit
          that
          would have been paid under the Pension Plan without regard
          to:

         

                                   (i)    
                 Compensation deferred under this
          Plan;

         

                                  
          (ii)           Exclusion
          of Short-Term Incentive Award from the definition of compensation in the
          Pension
          Plan; and

         

                                  
          (iii)           Limitations
          imposed by Code Sections 401(a)(17) and 415 in the Pension Plan.

         

                  
          (b)           Offset.  The
          benefit described in subsection (a) shall be reduced by the amount payable
          from
          the Pension Plan.

         

        
          
            
            

          

          
            17

            
              

            

          

          
            
            

          

        

        

                  
          (c)           Form of
          Payment.  Prior to the commencement of payments of the Supplemental
          Pension Benefit, a Participant shall select the form of payment from the
          following:

         

                                  
          (i)           Single life
          annuity;

         

                                  
          (ii)           Joint and
          100%, 75%, 50% or 25% survivor annuity;

         

                                  
          (iii)           Life
          annuity with payments guaranteed for a period of sixty (60), one hundred
          twenty
          (120) or one hundred eighty (180) months.

         

                  (d)           Default
          Form of Payment.  In the absence of an election, the Supplemental
          Pension Benefit shall be paid as a single life annuity if the Participant
          is not
          married at the time payments are to commence, and in the form of a joint
          and 50%
          survivor annuity to a married Participant, with the Participant’s spouse as the
          joint annuitant unless the Participant has designated another joint
          annuitant.

         

                 
          (e)           Actuarial
          Equivalent.  All forms of payment shall be actuarially equivalent
          based on reasonable actuarial assumptions as of the date benefit payments
          are to
          commence. On such date, the same actuarial assumptions shall be used in
          valuing
          each annuity payment option.

         

                  
          (f)           Commencement
          of Payments.  Subject to Section 5.9(b), payment of the Supplemental
          Pension Benefit shall commence as follows:

         

        (i)           If
          Separation from Service occurs prior to Retirement, payment of the Supplemental
          Pension Benefit shall commence on the first (1st) day
          of the month
          following attainment of age sixty (60).

        
           

          (ii)           Upon
            Retirement, payment of the benefit shall commence on the first (1st) day
            of the month
            following Retirement.

           

        

                 
          (g)           Changing
          Time of Commencement of Payments.  A Participant may make a subsequent
          Deferral Election with respect to the date that payment of a Supplemental
          Pension Benefit commences. Such election must be made not less than twelve
          (12)
          months before the date the benefit payment is scheduled to be paid and
          shall
          become effective twelve (12) months from the date such Deferral Election
          is
          submitted to the Administrative Committee. A subsequent Deferral Election
          becomes irrevocable to the extent required under Treasury Regulation Section
          1.409A-2(b)(1) when it is submitted to the Administrative Committee. In
          the case
          of a benefit payment which is not due to Disability or death, the date
          payments
          may commence under a subsequent Deferral Election must be no earlier than
          five
          (5) years from the date such payment would otherwise have been
          made.

         

        
          
            
            

          

          
            18

            
              

            

          

          
            
            

          

        

        

         

                  (h)           Grandfathered
          Election Right.  Solely with respect to the Supplemental Pension
          Benefit that was accrued and vested as of December 31, 2004, such Benefit
          shall
          be paid to the Participant at the same time and in the same manner as payments
          from the Pension Plan.

         

        6.3     Death
          Benefit

                (a)           Benefit.  Each
          Beneficiary entitled to a pre-retirement survivor benefit under the Pension
          Plan
          shall be entitled to a death benefit under this Section 6.3 determined
          in the
          same manner as Retirement benefits under Section 6.2 of this Plan as if
          the
          first (1st) day
          of the month following the Participant’s date of death was the later of (i) the
          Participant’s attainment of age fifty-five (55); or (ii) the date of the
          Participant’s Separation from Service.

         

                 
          (b)           Form of
          Payment.  The Beneficiary shall receive the death benefit in the form
          of a single life annuity for the Beneficiary’s lifetime pursuant to a joint and
          100% survivor annuity.

         

                  
          (c)           Commencement
          of Payments.

         

                                  
          (i)            If a
          Participant dies and has less than ten (10) years but at least five (5)
          years of
          Eligibility Service as defined in the Pension Plan on such Participant’s date of
          death, payments shall commence under this Section 6.3 on the later
          of:

         

                                                  
          a)           The first
          day (1st) of
          the
          month following the date the Participant would have attained age fifty-five
          (55); or

         

                                                  
          b)           Within
          ninety (90) days of the Participant’s date of death.

         

                                  
          (ii)           If a
          Participant dies and has at least ten (10) years of Eligibility Service
          as
          defined in the Pension Plan on such Participant’s date of death, payments shall
          commence no later than the first (1st) day
          of the month
          following the Participant’s date of death.

         

                                  
          (iii)          If a
          Participant dies prior to attaining age fifty-five (55), such Participant
          shall
          be deemed to have died on the day after such Participant would have attained
          age
          fifty-five (55).

         

                  
          (d)           Pension
          Plan Reduction Factors.  Benefit reduction factors shall be applied in
          the same manner and pursuant to provisions in the Pension Plan.

         

        
          
            
            

          

          
            19

            
              

            

          

          
            
            

          

        

        

        ARTICLE
          7—BENEFICIARY DESIGNATION

         

        

        7.1     Beneficiary
          Designation

                   Each
          Participant shall have the right, at any time, to designate one (1) or
          more
          persons as the primary or contingent Beneficiary(ies) to whom benefits
          under
          Sections 5.2 and one (1) Beneficiary under Section 6.3 of this Plan shall
          be
          paid in the event of the Participant’s death prior to complete distribution to
          the Participant of the benefits due under the Plan. Unless stated otherwise
          in
          writing in the form provided by the Administrative Committee, payments
          hereunder
          shall be paid in equal shares to surviving Beneficiaries if more than one
          (1)
          Beneficiary has been designated. Each Beneficiary designation shall be
          in a
          written form prescribed by the Administrative Committee and shall be effective
          only when filed with the Administrative Committee during the Participant’s
          lifetime. If a Participant’s compensation is community property, any Beneficiary
          designation shall be valid or effective only as permitted under applicable
          law.

        

        7.2     Amendments

                   Any
          Beneficiary designation may be changed by a Participant without the consent
          of
          any Beneficiary by the filing of a new Beneficiary designation with the
          Administrative Committee.

        

        7.3     No
          Beneficiary Designation or Death of Beneficiary

               
(a)           Default
          Beneficiary Designation.  In the absence of an effective Beneficiary
          designation, or if all designated Beneficiaries predecease the Participant,
          the
          Participant’s Beneficiary shall be the person in the first (1st) of
          the following
          classes:

         

                                  
          (i)            The
          surviving spouse;

         

                                   (ii)           The
          Participant’s estate.

         

                  (b)           Lump-sum
          Distribution.  In the event of the death of a Beneficiary after
          payments commence but prior to the Beneficiary receiving all benefit payments
          under this Plan, in the remaining balance shall be paid in a lump-sum to
          the
          estate of the Beneficiary.

         

        7.4     Effect
          of Payment

                   Payment
          to the Beneficiary or Beneficiaries including a Beneficiary under Section
          7.3
          shall completely discharge the Employers’ obligations under this
          Plan.

        

        
          
            
            

          

          
            20

            
              

            

          

          
            
            

          

        

        

        ARTICLE
          8—ADMINISTRATION

         

        

        8.1     Administrative
          Committee; Duties

                   This
          Plan shall be administered by an Administrative Committee consisting of
          three
          (3) or more members who are appointed by the Chief Executive Officer of
          the
          Company. Members of the Administrative Committee may be Participants in
          this
          Plan. However, no member of the Administrative Committee may participate
          in a
          review of his or her own claim under Article 9. The Administrative Committee
          shall administer the Plan and shall have the power and the duty to take
          all
          action and to make all decisions necessary or proper to carry out the Plan.
          The
          determination of the Administrative Committee as to any question involving
          the
          general administration and interpretation of the Plan shall be final,
          conclusive, and binding except as otherwise provided in Article 9. A majority
          vote of the Administrative Committee members shall control any decision.
          Any
          discretionary actions to be taken under the Plan by the Administrative
          Committee
          with respect to the classification of employees, Participants, contributions
          or
          benefits shall be uniform in nature and applicable to all persons similarly
          situated. Without limiting the generality of the foregoing, the Administrative
          Committee shall have the following discretionary authority, powers and
          duties:

         

                  
          (a)           To require
          any person to furnish such information as it may request for the purpose
          of the
          proper administration of the Plan as a condition to receiving any benefit
          under
          the Plan;

         

                  
          (b)           To make and
          enforce such rules and regulations and prescribe the use of such forms
          as it
          deems necessary for the efficient administration of the Plan;

         

                   (c)           To
          interpret the Plan and to resolve ambiguities, inconsistencies and
          omissions;

         

                  
          (d)           To decide
          all questions concerning the Plan and any questions concerning the eligibility
          of any employee to participate in the Plan; and

         

                   (e)           To
          determine the amount of benefits which will be payable to any person in
          accordance with the provisions of the Plan.

         

                   

        
          
            
            

          

          
            21

            
              

            

          

          
            
            

          

        

        
 

        
          Upon
            and after the occurrence of a Change in
            Control, the “Administrative Committee” shall be at least three (3) individuals
            selected by the individual who, immediately prior to the Change in Control,
            was
            the Company’s Chief Executive Officer or, if not so identified, the Company’s
            highest ranking officer (the “Ex-CEO”); provided, however, the Administrative
            Committee, as constituted immediately prior to a Change in Control, shall
            continue to act as the Administrative Committee for this Plan until the
            date on
            which the independent third parties selected by the Ex-CEO accept the
            responsibilities as members of the Administrative Committee under this
            Plan.
            Upon and after a Change in Control, the Administrative Committee shall
            have all
            discretionary authorities and powers granted the Administrative Committee
            under
            this Plan including the discretionary power to determine all questions
            arising
            in connection with the administration of the Plan and the interpretation
            of the
            Plan except benefit entitlement determinations upon appeal. Upon and
            after the
            occurrence of a Change in Control, the Company must: (1) pay all reasonable
            administrative expenses and fees of the Administrator; (2) indemnify
            the
            Administrator against any costs, expenses and liabilities including,
            without
            limitation, attorney’s fees and expenses arising in connection with the
            performance of the Administrator hereunder, except with respect to matters
            resulting from the gross negligence or willful misconduct of the Administrator
            or its employees or agents; and (3) supply full and timely information
            to the
            Administrator on all matters relating to the Plan, the Participants and
            their
            Beneficiaries, the Account balances of the Participants, the date and
            circumstances of the Retirement, Disability, death or Separation from
            Service of
            the Participants, and such other pertinent information as the Administrative
            Committee may reasonably require. Upon and after a Change in Control,
            a member
            of the Administrative Committee may only be removed (and a replacement
            may only
            be appointed) by the Ex-CEO.

          

          8.2     
            Agents

                     In
            the administration of this Plan, the Administrative Committee may, from
            time to
            time, employ agents and delegate to them such administrative duties as
            it sees
            fit, and may from time to time consult with counsel, who may be counsel
            to the
            Company.

          

          8.3     Indemnity
            of Committees

                     The
            Company shall indemnify and hold harmless the members of the Administrative
            Committee, the Appeals Committee and the Compensation Committee against
            any and
            all claims, loss, damage, expense or liability arising from any action
            or
            failure to act with respect to this Plan, except in the case of intentional
            misconduct.

          

          8.4     Participating
            Employers

                     The
            Compensation Committee or the Chief Executive Officer of Company may
            permit
            Employers to participate in this Plan. Any Employer may, upon resolution
            of its
            Board of Directors, withdraw from participating in the Plan and shall
            notify the
            Company of such resolution. An Employer’s withdrawal from the Plan shall not
            adversely affect balances in any Participant’s Accounts which shall continue to
            accrue earnings as set forth herein, shall not adversely affect the accrued
            Supplemental Pension Benefit and shall not change any distribution
            elections.

          
            
              
              

            

            
              22

              
                

              

            

            
              
              

            

          

          

          ARTICLE
            9—CLAIMS
            PROCEDURE

           

          

          9.1     Claim

                     Any
            person claiming a benefit (“Claimant”) under the Plan shall present the request
            in writing to the Administrative Committee.

          

          9.2     Initial
            Claim Review

                     In
            the case of a claims regarding Disability, the Administrative Committee
            will
            make a benefit determination within forty-five (45) days of its receipt
            of an
            application for benefits. This period may be extended up to an additional
            thirty
            (30) days, if the Administrative Committee provides the Claimant with
            a written
            notice of the extension within the initial forty-five (45)-day period.
            The
            extension notice will explain the reason for the extension and the date
            by which
            the Administrative Committee expects a decision will be made. The Administrative
            Committee may obtain a second thirty (30)-day extension by providing
            you written
            notice of such second extension within the thirty (30)-day extension.
            The second
            extension notice must include an explanation of the special circumstances
            necessitating the second extension and the date by which the Administrative
            Committee’s decision will be made. If the extension is necessary because
            additional information is needed to decide the claim, the extension notice
            will
            describe the required information. The Claimant will have forty-five
            (45) days
            after receiving the extension notice to provide the required
            information.

          

                     In
            the case of all other claims, the Administrative Committee will make
            a benefit
            determination within ninety (90) days of its receipt of an application
            for
            benefits. This period may be extended up to an additional ninety (90)
            days, if
            the Administrative Committee provides the Claimant with a written notice
            of the
            extension within the initial ninety (90)-day period. The extension notice
            will
            explain the reason for the extension and the date by which the Administrative
            Committee expects a decision will be made.

          

                     The
            Administrative Committee will notify the Claimant in writing, delivered
            in
            person or mailed by first-class mail to the Claimant’s last known address, if
            any part of a claim for benefits under the Plan has been denied. The
            notice of a
            denial of any claim will include:

           

                    
            (a)           the
            specific reason for the denial;

           

                    
            (b)           reference
            to specific provisions of the Plan upon which the denial is based;

           

                    
            (c)           a
            description of any internal rule, guidelines, protocol or similar criterion
            relied on in making the denial (or a statement that such internal criterion
            will
            be provided free of charge upon request);

           

                    
            (d)           a
            description of any additional material or information deemed necessary
            by the
            Administrative Committee for the Claimant to perfect the claim, and an
            explanation of why such material or information is necessary; and

           

                    
            (e)           an
            explanation of the claims review procedure under the Plan.

           

          
            
              
              

            

            
              23

              
                

              

            

            
              
              

            

          

          

           

                     If
            the notice described above is not furnished and if the claim has not
            been
            granted within the time specified above for payment of the claim, the
            claim will
            be deemed denied and will be subject to review as set forth in
            Section

          

          9.3.    Review
            of Claim

                     If
            a claim for benefits is denied, in whole or in part, the Claimant may
            request to
            have the claim reviewed. The Claimant will have one hundred eighty (180)
            days in
            which to request a review of a claim regarding Disability, and will have
            sixty
            (60) days in which to request a review of all other claims. The request
            must be
            in writing and delivered to the Compensation Committee. If no such review
            is
            requested, the initial decision of the Compensation Committee will be
            considered
            final and binding.

          

                     The
            request for review must specify the reason the Claimant believes the
            denial
            should be reversed. He or she may submit additional written comments,
            documents,
            records, and other information relating to and in support of the claim;
            all
            information submitted will be reviewed whether or not it was available
            for the
            initial review. The Claimant may request reasonable access to and copies
            of, all
            documents, records, and other information relevant to the Claimant’s claim for
            benefits. A member of the Compensation Committee may not participate
            in the
            review of his or her own claim. In addition, if the Claimant requests
            a review,
            a member who is a subordinate of the original decision maker shall not
            participate in the review of the claim. The review will not defer to
            the initial
            adverse determination. If the denial was based in whole or in part on
            a medical
            judgment, the Compensation Committee will consult with an appropriate
            health
            care professional who was not consulted in the initial determination
            of his or
            her claim and who is not the subordinate of someone consulted in the
            initial
            determination. Names of the health care professionals will be available
            on
            request.

          

                     Upon
            receipt of a request for review, the Compensation Committee may schedule
            a
            hearing within thirty (30) days of its receipt of such request, subject
            to
            availability of the Claimant and the availability of the Compensation
            Committee,
            at a time and place convenient for all parties at which time the Claimant
            may
            appear before the person or committee designated by the Compensation
            Committee
            to hear appeals for a full and fair review of the Administrative Committee’s
            initial decision. The Claimant may indicate in writing at the time the
            Compensation Committee attempts to schedule the hearing, that he or she
            wishes
            to waive the right to a hearing. If the Claimant does not waive his or
            her right
            to a hearing, he or she must notify the Compensation Committee in writing,
            at
            least fifteen (15) days in advance of the date established for such hearing,
            of
            his or her intention to appear at the appointed time and place. The Claimant
            must also specify any persons who will accompany him or her to the hearing,
            or
            such other persons will not be admitted to the hearing. If written notice
            is not
            timely provided, the hearing will be automatically canceled. The Claimant
            or the
            Claimant’s duly authorized representative may review all pertinent documents
            relating to the claim in preparation for the hearing and may submit issues,
            documents, affidavits, arguments, and comments in writing prior to or
            during the
            hearing.

          
            
              
              

            

            
              24

              
                

              

            

            
              
              

            

          

          

                     The
            Compensation Committee will notify the Claimant of its decision following
            the
            reviews. In the case of a claim regarding Disability, the Compensation
            Committee
            will render its final decision within forty-five (45) days of receipt
            of an
            appeal or such shorter period as may be required by law. If the Compensation
            Committee determines that an extension of the time for processing the
            claim is
            needed, it will notify the Claimant of the reasons for the extension
            and the
            date by which the Compensation Committee expects a decision will by made.
            The
            extended date may not exceed ninety (90) days after the date of the filing
            of
            the appeal.

          

                     In
            the case of all other claims, the Compensation Committee will render
            its final
            decision within sixty (60) days of receipt of an appeal. If the Compensation
            Committee determines that an extension of the time for processing the
            claim is
            needed, it will notify the Claimant of the reasons for the extension and
            the date by which the Compensation Committee expects a decision will
            be made.
            The extended date may not exceed one hundred twenty (120) days after
            the date of
            the filing of the appeal

          

                     If
            after the review the claim continues to be denied, the Claimant will
            be provided
            a notice of the denial of the appeal which will contain the following
            information:

           

                    
            (a)           The
            specific reasons for the denial of the appeal;

           

                    
            (b)           A reference
            to the specific provisions of the Plan on which the denial was
            based;

           

                   
            (c)           A statement
            that the Claimant is entitled to receive, upon request and free of charge,
            reasonable access to, and copies of, all documents, records, and other
            information relevant to the claim for benefits;

           

                    
            (d)           A statement
            disclosing any internal rule, guidelines, protocol or similar criterion
            relied
            on in making the denial (or a statement that such information would be
            provided
            free of charge upon request); and

           

                    
            (e)           A statement
            describing the Claimant’s right to bring a civil suit under Federal law and a
            statement concerning other voluntary alternative dispute resolutions
            options.

           

          
            
              
              

            

            
              25

              
                

              

            

            
              
              

            

          

          

           

          9.4     Review
            of Claims on and after a Change in Control

                     Upon
            and after the occurrence of a Change in Control, the Compensation Committee,
            as
            constituted immediately prior to a Change in Control, shall be the Appeals
            Committee. In the event any member of the Appeals Committee resigns or
            is unable
            to perform the duties of a member of the Appeals Committee, successors
            to such
            members shall be selected by the Ex-CEO. Upon and after a Change in Control,
            the
            Appeals Committee shall have all discretionary authorities and powers
            granted
            the Compensation Committee under this Plan to review denied claims as
            provided
            in Section 9.3. A member of the Appeals Committee may not participate
            in the
            review of his or her own claim and may not participate in the review
            a claim if
            he or she is a subordinate of the original decision maker. Upon and after
            the
            occurrence of a Change in Control, the Company must: (1) pay all reasonable
            administrative expenses and fees of the Appeals Committee; (2) indemnify
            the
            Appeals Committee against any costs, expenses and liabilities including,
            without
            limitation, attorney’s fees and expenses arising in connection with the
            performance of the Appeals Committee hereunder, except with respect to
            matters
            resulting from the gross negligence or willful misconduct of the Appeals
            Committee or its employees or agents; and (3) supply full and timely
            information
            to the Appeals Committee on all matters relating to the Plan, the Participants
            and their Beneficiaries, the Account balances of the Participants, the date
            and circumstances of the Retirement, Disability, death or Separation
            from
            Service of the Participants, and such other pertinent information as
            the Appeals
            Committee may reasonably require. Upon and after a Change in Control,
            a member
            of the Appeals Committee may only be removed (and a replacement may only
            be
            appointed) by the Ex-CEO.

          

           

          ARTICLE
            10—AMENDMENT
            AND TERMINATION OF PLAN

           

          

          10.1   Right
            to Amend

                     The
            Plan may be amended any time by action of the Board or the Compensation
            Committee or by a writing executed on behalf of the Board or Compensation
            Committee by the Company’s duly elected officers, except that:

           

                    
            (a)           No
            amendment shall be effective to decrease or restrict any Participant’s Account
            balance or Supplemental Pension Benefit accrued to that date, and

           

                    
            (b)           No
            amendment shall be effective to restrict the right of a Participant to
            elect to
            receive a lump-sum form of benefit payment of his or her Account upon
            Retirement, death, Disability or other separation of employment,
            and

           

                    
            (c)           No
            amendment to the method for calculating earnings on the portion of the
            Retirement Account allocated to the investment option described in Section
            4.2(c)(i) of the Plan shall decrease the interest rate credited to the
            Retirement Account balance of any Participant below the Moody’s Average
            Long-Term Corporate Bond Yield Index less one (1) percentage point; otherwise
            the Retirement Account balance that is accrued and vested as of December
            31,
            2004 including earnings credited thereon after that date shall be paid
            to all
            Participants within sixty (60) days of the effective date of such
            amendment.

           

          
            
              
              

            

            
              26

              
                

              

            

            
              
              

            

          

          

           

          Such
            amendment shall
            be effective on the first (1st) day
            of the
            calendar year following the adoption by the Company of such amendment,
            provided
            that all Participants are notified of such amendment no later than November
            15
            of the year in which such amendment is adopted.

           

          10.2   Right
            to Terminate

                     The
            Board or the Compensation Committee may at any time terminate the Plan
            if, in
            its sole judgment, the tax, accounting or other effects of the continuance
            of
            the Plan or potential payments thereunder would not be in the best interests
            of
            the Company. Such termination shall not adversely affect any Plan Participant’s
            Account balance or accrued Supplemental Pension Benefit. Each Employer
            shall pay
            the balances of a Participant’s Accounts that were accrued and vested as of
            December 31, 2004 including earnings, gains and losses credited thereon
            after
            that date, and earned while employed by such Employer within sixty (60)
            days
            after the effective date of the Plan termination.

          

          10.3   Distribution
            of Benefits on Plan Termination

                     In
            the event the Corporation elects to amend, modify or terminate the Plan
            as
            provided under Section 10.2 and solely with respect to Account balances
            that
            accrue and/or vest after December 31, 2004, including deemed earnings,
            gains and
            losses credited thereon after that date, no right to the payment of benefits
            shall arise as a result of a Plan Termination;

           

                    
            (a)           The Company
            may, in its discretion, provide by amendment to the Plan a right to the
            payment
            of all such Account balances as a result of the liquidation and termination
            of
            the Plan where:

           

                                     (i)        
               the termination and liquidation does not occur proximate to a
            downturn in the financial health of the Company and the participating
            Employers;

           

                                    
            (ii)           the Plan
            and all arrangements required to be aggregated with the Plan under Code
            Section
            409A are terminated and liquidated;

           

                                   
            (iii)           no
            payments, other than those that would be payable under the terms of the
            Plan and
            the aggregated arrangements if the termination and liquidation had not
            occurred,
            are made within twelve (12) months of the date the Company takes all
            necessary
            action to irrevocably terminate and liquidate the Plan;

           

                                 
              
(iv)           all
            payments are made within twenty-four (24) months of the date the Company
            takes
            all necessary action to irrevocably terminate and liquidate the Plan;
            and

           

                                    
            (v)           the Company
            and the Employers do not adopt a new arrangement that would be aggregated
            with
            any terminated arrangement under Code Section 409A, at any time within
            three (3)
            years following the date the Company takes all necessary action to irrevocably
            terminate and liquidate the Plan.

           

          
            
              
              

            

            
              27

              
                

              

            

            
              
              

            

          

          

           

                    
            (b)           Similarly,
            the Company may, in its discretion, provide by amendment to liquidate
            and
            terminate the Plan where the termination and liquidation occurs within
            twelve
            (12) months of a corporate dissolution taxed under Code Section 331,
            or with the
            approval of a bankruptcy court pursuant to 11 United States Code § 503(b)(1)(A),
            provided that all amounts deferred under the Plan are included in the
            Participants’ gross incomes in the latest of the following years (or, if
            earlier, the taxable year in which the amount is actually or constructively
            received):

           

                                    
            (i)            the
            calendar year in which the termination occurs;

           

                                    
            (ii)           the
            calendar year in which the amount is no longer subject to a substantial
            risk of
            forfeiture; or

           

                                    
            (iii)           the first
            calendar year in which the payment is administratively practicable.

           

          

          ARTICLE
            11—MISCELLANEOUS

           

          

          11.1   Unfunded
            Plan

                     This
            Plan is intended to be an unfunded plan for federal income tax purposes
            and for
            purposes of ERISA, maintained primarily to provide deferred compensation
            benefits for a select group of management employees or highly compensated
            employees. This Plan is not intended to create an investment contract,
            but to
            provide tax planning opportunities and retirement benefits to eligible
            individuals who have elected to participate in the Plan. Eligible individuals
            are select members of management who, by virtue of their position with
            an
            Employer, have the ability to materially affect the Employer’s profitability and
            operations.

          

          11.2   Liability
            for Benefits

                     Except
            as otherwise agreed in writing, liability for the payment of a Participant’s
            benefit under this Plan shall be borne solely by the participating Employer
            that
            employs the Participant and reports the Participant as being on its payroll
            during the accrual or increase in the benefit. No liability for the payment
            of
            any Deferred Compensation Benefit or any Supplemental Pension Benefit
            shall be
            incurred by reason of Plan sponsorship or participation except for benefits
            of a
            participating Employer’s own employees. Nothing in this Section shall be
            interpreted as prohibiting any participating Employer from expressly
            agreeing in
            writing to the assumption of liability or guarantee of payment of any
            benefit
            under this Plan.

          

          11.3   Unsecured
            General Creditor

                     Participants
            and their Beneficiaries, heirs, successors and assigns shall have no
            legal or
            equitable rights, interest or claims in any property or assets of any
            Employer.
            Any and all assets of each Employer shall be, and remain, the general,
            unpledged, unrestricted assets of the Employer. An Employer’s obligations under
            the Plan shall be merely that of an unfunded and unsecured promise of
            the
            Employer to pay money in the future.

          
            
              
              

            

            
              28

              
                

              

            

            
              
              

            

          

          

          11.4   Obligations
            to Employer

                     If
            a Participant becomes entitled to the payment of a benefit under the
            Plan and
            the Participant has outstanding any debt, obligation, or other liability
            representing an amount owing to the Employer obligated to pay the benefit
            at the
            time of payment, then the Employer may offset such amount owing to it
            against
            the amount of benefits otherwise distributable to the Participant or
            Beneficiary. Such determination shall be made by the Administrative
            Committee.

          

          11.5   Nonassignability

                  (a)           Except
            as stated in subsection (b) below, neither a Participant nor any other
            person
            shall have any right to commute, sell, assign, transfer, pledge, anticipate,
            mortgage or otherwise encumber, transfer, hypothecate or convey in advance
            of
            actual receipt the amounts, if any, payable hereunder, or any part thereof,
            which are, and all rights to which are, expressly declared to be unassignable
            and nontransferable. No part of the amounts payable shall, prior to actual
            payment, be subject to seizure or sequestration for the payment of any
            debts,
            judgments, alimony or separate maintenance owed by a Participant or any
            other
            person, nor be transferable by operation of law in the event of a Participant’s
            or any other person’s bankruptcy or insolvency.

           

                   
            (b)           Domestic
            Relations Order.  An Employer may pay benefits to an alternate payee
            pursuant to a domestic relations order provided the Administrative Committee
            determines such order meets the requirements of a Qualified Domestic
            Relations
            Order pursuant to Code Section 414(p)(1)(B).

           

          11.6   Not
            a Contract of Employment

                     The
            terms and conditions of this Plan shall not be deemed to constitute a
            contract
            of employment between any Employer and the Participant, and neither the
            Participant nor any Beneficiary shall have any rights against any Employer
            except as may otherwise be specifically provided herein. Moreover, nothing
            in
            this Plan shall be deemed to give a Participant the right to be retained
            in the
            service of any Employer or to interfere with the right of any Employer
            to
            discipline or discharge such Participant at any time.

          

          11.7   Protective
            Provisions

                     A
            Participant shall cooperate with each Employer by furnishing any and
            all
            information requested by any Employer in order to facilitate the payment
            of
            benefits under this Plan.

          

          11.8   Captions

                     The
            captions of the articles, sections and subsection of this Plan are for
            convenience only and shall not control or affect the meaning or construction
            of
            any of its provisions.

          

          11.9   Governing
            Law

                     The
            provisions of this Plan shall be construed, administered, and enforced
            according
            to and governed by the laws (other than conflict of law provisions) of
            the state
            of Ohio, except to the extent such laws are superseded by
            ERISA.

          
            
              
              

            

            
              29

              
                

              

            

            
              
              

            

          

          

          11.10 
            Validity

                  
                In case any provision of this Plan shall be held illegal or
            invalid for any reason, such illegality or invalidity shall not affect
            the
            remaining parts hereof, but this Plan shall be construed and enforced
            as if such
            illegal and invalid provision had never been inserted herein.

          

          11.11 
            Notice

                   
              Any notice or filing required or permitted to be given to the
            Administrative Committee under the Plan shall be sufficient if in writing
            and
            hand delivered, or sent by registered or certified mail to any member
            of the
            Administrative Committee, or to the statutory agent of Company. Notice
            to the
            Administrative Committee may be given to any member of the Administrative
            Committee and if mailed shall be addressed to the principal executive
            offices of
            Company. Notice mailed to the Participant shall be sent to the address
            set out
            in the Participant’s most recent Participation Agreement or such other address
            as is given to the Administrative Committee by notice. Notices shall
            be deemed
            given as of the date of delivery or, if delivery is made by mail, as
            of the date
            shown on the postmark, or the receipt for registration or
            certification.

          

          11.12 
            Successors

                     
            The provisions of this Plan shall bind and inure to the benefit of each
            Employer
            and its successors and assigns. The term successors as used herein shall
            include
            any corporate or other business entity which shall, whether by merger,
            consolidation, purchase or otherwise acquire all or substantially all
            of the
            business and assets of an Employer, and successors of any such corporation
            or
            other business entity.

          

          11.13 
Code
            Section 409A

                     
            Notwithstanding anything to the contrary in the provisions of this Plan
            regarding the benefits payable hereunder and the time and form thereof,
            this
            Plan is intended to meet any applicable requirements of Code Section
            409A and
            this Plan shall be construed and administered in accordance with Section
            409A of
            the Code, Department of Treasury regulations and other interpretive guidance
            issued thereunder, including without limitation any such regulations
            or other
            guidance that may be issued after the Effective Date. In the event that
            the
            Company determines that any provision of this Plan or the operation thereof
            may
            violate Section 409A of the Code and related Department of Treasury guidance,
            the Company may in its sole discretion adopt such amendments to this
            Plan and
            appropriate policies and procedures, including amendments and policies
            with
            retroactive effect, or take such other actions, as the Company determines
            necessary or appropriate to comply with the requirements of Section 409A
            of the
            Code.

          
            
              
              

            

            
              30

              
                

              

            

            
              
              

            

          

          APPENDIX
            A

          

          

          
            	
                    1

                    Participating
                      Employer

                  	
                    2

                    Adoption
                      Date

                  	
                    3

                    Termination
                      Date

                  
	
                     

                    American
                      Transmissions Systems, Inc.

                  	
                     

                    January
                      1,
                      2003

                  	 
	
                     

                    Cleveland
                      Electric Illuminating Company

                  	
                     

                    July
                      1,
                      1998

                  	 
	
                     

                    FirstEnergy
                      Corp.

                  	
                     

                    January
                      1,
                      1998

                  	 
	
                     

                    FirstEnergy
                      Facilities Services Group, Inc.

                  	
                     

                    January
                      1,
                      2003

                  	 
	 	 	 
	
                     

                    FirstEnergy
                      Generation Corp.

                  	
                     

                    January
                      1,
                      2003

                  	 
	
                     

                    FirstEnergy
                      Nuclear Operating Company

                  	
                     

                    January
                      1,
                      1999

                  	 
	
                    FirstEnergy
                      Service Company

                     

                  	
                     

                    January
                      1,
                      1999

                  	 
	
                     

                    FirstEnergy
                      Solutions Corp.

                  	
                     

                    January
                      1,
                      2003

                  	 
	 	 	 
	
                     

                    Jersey
                      Central
                      Power and Light

                  	
                     

                    January
                      1,
                      2003

                  	 
	
                     

                    Metropolitan
                      Edison

                  	
                     

                    January
                      1,
                      2003

                  	 
	
                     

                    Ohio
                      Edison
                      Company

                  	
                     

                    January
                      1,
                      1983

                  	 
	
                     

                    Pennsylvania
                      Electric

                  	
                     

                    January
                      1,
                      2003

                  	 
	
                     

                    Pennsylvania
                      Power Company

                  	
                     

                    January
                      1,
                      1983

                  	 
	
                     

                    Toledo
                      Edison
                      Company

                  	
                     

                    July
                      1,
                      1998

                  	 

          

          

          
            
              
              

            

            
              31

              
                

              

            

            
              
              

            

          

          APPENDIX
            B

          

          Change
            in
            Control

          

                    
            Effective as of the date approved by shareholders and for purposes of
            the Plan,
            a “Change in Control” means:

          

                     1.     
                   An acquisition by any individual, entity,
            or group (within the meaning of

          Section
            13(d)(3) or
            14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
            (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3
            promulgated under the Exchange Act) of fifty percent (50%) (twenty-five
            percent
            (25%) if such Person proposes any individual for election to the Board
            of
            Directors or any member of the Board is the representative of such Person)
            or
            more of either (i) the then outstanding shares of common stock of the
            Company
            (“Outstanding Company Common Stock”), or (ii) the combined voting power of the
            then outstanding voting securities of the Company entitled to vote generally
            in
            the election of directors (“Outstanding Company Voting Securities”); provided,
            however, that the following acquisitions will not constitute a Change
            in
            Control:

          

                     (a)           Any
            acquisition directly from the Company (excluding an acquisition by virtue
            of the
            exercise of a conversion privilege);

          

                     (b)           Any
            acquisition by the Company;

          

                     (c)           Any
            acquisition by an employee benefit plan (or related trust) sponsored
            or
            maintained by the Company or any corporation controlled by the Company;
            or

          

                     (d)           Any
            acquisition by any corporation pursuant to a reorganization, merger,
            or
            consolidation if, following such reorganization, merger, or consolidation,
            the
            conditions described in clauses 3(b), 3(c) and 3(d) of this Appendix
            B are
            satisfied.

          

                     2.           
             Individuals who, as of the date hereof, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the
            Board; provided, however, that any individual becoming a director subsequent
            to
            the date hereof whose election, or nomination for election by the Company’s
            shareholders, was approved by a vote of at least a majority of the directors
            then comprising the Incumbent Board shall be considered as though such
            individual were a member of the Incumbent Board, but excluding, for this
            purpose, any such individual whose initial assumption of office occurs
            as a
            result of either an actual or threatened election contest (as such terms
            are
            used in Rule 14a-11 of Regulation 14A 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; or

          

          
            
              
              

            

            
              32

              
                

              

            

            
              
              

            

          

          APPENDIX
            B

          

          Change
            in
            Control

          (Continued)

          

                     3.            
            Consummation of a reorganization, merger, or consolidation or sale or
            other
            disposition of all or substantially all of the assets of the Company,
            in each
            case, unless, following such reorganization, merger, or consolidation
            or sale or
            other disposition of assets:

          

                     (a)           More
            than seventy-five percent (75%) of, respectively, the then outstanding
            shares of
            common stock of the corporation resulting from such reorganization, merger,
            consolidation, or acquiring such assets and the combined voting power
            of the
            then outstanding voting securities of such corporation entitled to vote
            generally in the election of directors is then beneficially owned, directly
            or
            indirectly, by all or substantially all of the individuals and entities
            who were
            the beneficial owners, respectively, of the Outstanding Company Common
            Stock and
            Outstanding Company Voting Securities immediately prior to such reorganization,
            merger, consolidation, or sale or other disposition of assets in substantially
            the same proportions as their ownership, immediately prior to such
            reorganization, merger, consolidation, or sale or other disposition of assets,
            of the Outstanding Company Common Stock and Outstanding Company Voting
            Securities, as the case may be;

           

                    
            (b)           No Person
            (excluding the Company, any employee benefit plan (or related trust)
            of the
            Company or such corporation resulting from such reorganization, merger,
            consolidation, or sale or other disposition of assets, and any Person
            beneficially owning, immediately prior to such reorganization, merger,
            consolidation, or sale or other disposition of assets, directly or indirectly,
            twenty-five percent (25%) or more of the Outstanding Company Common Stock
            or
            Outstanding Voting Securities, as the case may be) beneficially owns,
            directly
            or indirectly, twenty-five percent (25%) or more of, respectively, the
            then
            outstanding shares of common stock of the corporation
            resulting from such reorganization, merger, or consolidation or acquiring
            such
            assets or the combined voting power of the then outstanding voting securities
            of
            such corporation entitled to vote generally in the election of directors;
            and

          

                     (c)           At
            least a majority of the members of the Board of Directors of the corporation
            resulting from such reorganization, merger, or consolidation or acquiring
            such
            assets were members of the Incumbent Board at the time of the execution
            of the
            initial agreement providing for such reorganization, merger, consolidation
            or
            sale or other disposition of assets; or

          

                     (d)           Approval
            by the shareholders of the Company of a complete liquidation or dissolution
            of
            the Company.

          
            
              
              

            

            
              33

              
                

              

            

            
              
              

            

          

          

          However,
            in no event
            will a Change in Control be deemed to have occurred, with respect to
            a
            Participant, if the Participant is part of a purchasing group which consummates
            the Change in Control transaction. The Participant will be deemed “part of a
            purchasing group” for purposes of the preceding sentence if the Participant is
            an equity participant or has agreed to become an equity participant in
            the
            purchasing company or group (excluding passive ownership of less than
            five
            percent (5%) of the voting securities of the purchasing company or ownership
            of
            equity participation in the purchasing company or group which is otherwise
            not
            deemed to be significant, as determined prior to the Change in Control
            by a
            majority of the nonemployee continuing members of the Board of
            Directors).

          
            
              
              

            

            
              34Unassociated Document

    
      

      

    

     

    
      

      

      

      

      

      

      

      

      

      

      FIRSTENERGY
        CORP.

      

      SUPPLEMENTAL
        EXECUTIVE RETIREMENT PLAN

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      Effective
        September
        29, 1985

      

      Amended
        and Restated
        as of January 1, 2005

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      TABLE
        OF CONTENTS

      

      

      
        	 	 	 	 	
                Page

              
	 	 	 
	
                ARTICLE
                  1 –
                  PURPOSE

              	 	
                1

              
	 	 	 	 	 
	
                ARTICLE
                  2 –
                  ELIGIBILITY AND PARTICIPATION

              	
                1

              
	 	
                2.1

              	
                Eligibility

              	 	
                1

              
	 	
                2.2

              	
                Participation

              	 	
                2

              
	 	
                2.3

              	
                Designation
                  of
                  Participating Companies

              	
                2

              
	 	
                2.4

              	
                Withdrawal
                  From Plan of Participating Employer

              	
                2

              
	 	
                2.5

              	
                Delegation
                  of
                  Authority

              	 	
                2

              
	 	 	 	 	 
	
                ARTICLE
                  3 –
                  TYPE AND LEVEL OF BENEFITS

              	
                2

              
	 	
                3.1

              	
                Supplemental
                  Benefit After Separation From Service

              	
                2

              
	 	
                3.2

              	
                Separation
                  From Service

              	 	
                3

              
	 	
                3.3

              	
                Affiliate

              	 	
                3

              
	 	
                3.4

              	
                Month
                  of
                  Service; Year of Service

              	
                3

              
	 	
                3.5

              	
                Eligible
                  Spouse

              	
                3

              
	 	
                3.6

              	
                Conditions
                  of
                  Benefits

              	 	
                3

              
	 	
                3.7

              	
                Forfeiture
                  of
                  Benefits

              	 	
                7

              
	 	
                3.8

              	
                Change
                  in
                  Control

              	 	
                8

              
	 	
                3.9

              	
                Commencement
                  of Payments

              	 	
                8

              
	 	 	 	 	 
	
                ARTICLE
                  4 –
                  UNFUNDED PLAN

              	 	
                9

              
	 	
                4.1

              	
                Unfunded
                  Plan

              	 	
                9

              
	 	
                4.2

              	
                Nontransferability

              	 	
                9

              
	 	 	 	 	 
	
                ARTICLE
                  5 –
                  ADMINISTRATION

              	
                9

              
	 	
                5.1

              	
                Committee;
                  Duties

              	 	
                9

              
	 	
                5.2

              	
                Agents

              	 	
                10

              
	 	
                5.3

              	
                Indemnity
                  of
                  Committees

              	 	
                10

              
	 	 	 	 	 
	
                ARTICLE
                  6 –
                  CLAIMS PROCEDURE

              	
                11

              
	 	
                6.1

              	
                Claim

              	 	
                11

              
	 	
                6.2

              	
                Initial
                  Claim
                  Review

              	 	
                11

              
	 	
                6.3

              	
                Review
                  of
                  Claim

              	 	
                12

              
	 	
                6.4

              	
                Review
                  of
                  Claims on and After a Change in Control

              	
                14

              

      

      

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

      

      
        	
                ARTICLE
                  7 –
                  MISCELLANEOUS

              	
                14

              
	 	
                7.1

              	
                Unsecured
                  General Creditor

              	 	
                14

              
	 	
                7.2

              	
                Liability
                  for
                  Benefits

              	 	
                14

              
	 	
                7.3

              	
                Obligations
                  to
                  Company and Participating Companies

              	
                15

              
	 	
                7.4

              	
                Not
                  a Contract
                  of Employment

              	 	
                15

              
	 	
                7.5

              	
                Protective
                  Provisions

              	 	
                15

              
	 	
                7.6

              	
                Captions

              	 	
                15

              
	 	
                7.7

              	
                Governing
                  Law

              	 	
                15

              
	 	
                7.8

              	
                Validity

              	 	
                15

              
	 	
                7.9

              	
                Mistaken
                  Information

              	 	
                16

              
	 	
                7.10

              	
                Taxes
                  and
                  Expenses

              	 	
                16

              
	 	
                7.11

              	
                Notice

              	 	
                16

              
	 	 	 	 	 
	
                ARTICLE
                  8 –
                  EFFECTIVE DATE, TERMINATION AND AMENDMENT

              	
                16

              
	 	
                8.1

              	
                Effective
                  Date

              	
                16

              
	 	
                8.2

              	
                Termination
                  of
                  the Plan

              	 	
                16

              
	 	
                8.3

              	
                Distribution
                  of Benefits on Plan Termination

              	
                17

              
	 	 	 	 	 
	
                ARTICLE
                  9 –
                  SUCCESSORS

              	 	
                18

              
	 	 	 	 	 
	
                ARTICLE
                  10 –
                  CODE SECTION 409A

              	
                18

              
	 	 	 	 	 
	
                APPENDIX
                  A

              	 	
                20

              
	 	 	 	 	 
	
                APPENDIX
                  B

              	 	
                21

              

      

      

      

      

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

    

     

     

    FIRSTENERGY
      CORP.

    

    SUPPLEMENTAL
      EXECUTIVE RETIREMENT PLAN

    

    

    

    ARTICLE
      1—PURPOSE

     

    

    The
      Supplemental Executive Retirement Plan (the
“Plan”) was established on September 29, 1985 as part of an integrated
      executive compensation program that is intended to attract, retain, and motivate
      certain key executives (“Executives”) who are in positions to make significant
      contributions to the operation and profitability of FirstEnergy Corp. (the
      “Company”) for the benefit of stockholders and customers.

    

    The
      Plan was amended and restated as of January
      1, 1996 and again as of January 1, 1999. Each Executive who was eligible to
      participate in the Plan on December 31, 1998 and who is employed by the Company
      on January 1, 2005 shall be entitled to receive (i) the supplemental benefits
      calculated in accordance with Section 3.6 of this
      Plan; or (ii) the supplemental benefits calculated in accordance with Section
      II
      of the Ohio Edison System Supplemental Executive Retirement Plan, amended and
      restated as of January 1, 1996, whichever is greater.

    

    This
      Plan is hereby amended and restated
      effective as of January 1, 2005 in order to comply with Code Section 409A of
      the
      Internal Revenue Code of 1986, as amended (the “Code”) and to make other changes
      to the Plan. The terms of this Plan shall govern all benefits payable with
      respect to Executives who have not separated from service with the Company
      as of
      January 1, 2005, except as stated above. The terms of the Plan prior to this
      2005 amendment and restatement shall govern the benefits of Executives who
      separated from service prior to January 1, 2005.

    

    The
      Plan provides for the payment of
      supplemental retirement, death, and disability benefits to or in respect of
      key
      senior Executives who are designated by the Compensation Committee of the Board
      of Directors of the Company (“Compensation Committee”) as eligible.

    

    Except
      as otherwise provided in Section 5.1, the Chief Executive Officer of the Company
      (“Chief Executive Officer”) shall appoint an Administrative Committee (the
“Committee”) to administer this Plan. The Committee shall consist of three or
      more individuals.

    

    

    ARTICLE
      2—ELIGIBILITY AND PARTICIPATION

     

    2.1           Eligibility

     

    Eligibility
      to participate in the Plan shall be
      limited to those Executives who are designated by the Compensation Committee
      as
      eligible, except that any Executive who is participating in the Plan on January
      1, 2005 shall continue to participate, notwithstanding the above.

    

    
      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

    

    

    

    2.2           Participation

     

    An
      Executive’s participation in the Plan shall
      be effective on January 1 of the year following the year in which he or she
      becomes eligible.

    

    2.3           Designation
      of Participating Companies

     

    The
      Compensation Committee or the Chief
      Executive Officer may allow other corporations or other entities affiliated
      with
      or subsidiary to the Company to participate in the Plan without approval or
      ratification by the Company’s Board of Directors. Such companies (“Participating
      Companies”) and their adoption dates shall be added to Appendix A, which is
      attached hereto and incorporated herein by reference.

    

    2.4           Withdrawal
      From Plan of Participating Employer

     

    Any
      Participating Company may at any time, by
      resolution of its Board of Directors (with notice thereof to the Company’s Board
      of Directors if the terminating company is not FirstEnergy Corp.), terminate
      its
      participation in the Plan. Participating Companies which cease to be
      Participating Companies shall be shown in Appendix A together with their
      adoption dates and termination dates.

    

    2.5           Delegation
      of Authority

     

    The
      Company is hereby fully empowered to act on
      behalf of itself and the other Participating Companies as it may deem
      appropriate in maintaining the Plan. Furthermore, the adoption by the Company
      of
      any amendment to the Plan or the termination thereof will constitute and
      represent, without any further action on the part of any Participating Company,
      the approval, adoption, ratification or confirmation by each Participating
      Company of any such amendment or termination. In addition, the appointment
      of or
      removal by the Company of any Committee member or other person under the Plan
      shall constitute and represent, without any further action on the part of any
      Participating Company, the appointment or removal by each Participating Company
      of such person.

    

    

    ARTICLE
      3—TYPE AND
      LEVEL OF BENEFITS

     

    3.1           Supplemental
      Benefit After Separation From Service

     

    An
      Executive included in the Plan shall,
      subject to the terms and conditions set forth herein, be eligible to receive
      a
      supplemental benefit under the Plan after a Separation from Service due to
      retirement, death, Disability or involuntary separation as set forth in this
      Plan.

    

    
      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

    

    

    

    3.2           Separation
      from Service.

     

                   
      For the purposes of this Plan, “Separation from Service” shall mean with respect
      to any Executive, the separation from service within the meaning of Section
      409A
      of the Internal Revenue Code, of the Executive with the Company and all of
      its
      Affiliates, for any reason, including without limitation, quit, discharge,
      retirement, leave of absence (including military leave, sick leave, or other
      bona fide leave of absence such as temporary employment by the government if
      the
      period of such leave exceeds the greater of six months, or the period for which
      the Executive’s right to reemployment is provided either by statute or by
      contract) or permanent decrease in service to a level that is no more than
      twenty percent (20%) of its prior level. For this purpose, whether a Separation
      from Service has occurred is determined based on whether it is reasonably
      anticipated that no further services will be performed by the Executive after
      a
      certain date or that the level of bona fide services the Executive will perform
      after such date (whether as an employee or as an independent contractor) would
      permanently decrease to no more than twenty percent (20% of the average level
      of
      bona fide services performed (whether as an employee or an independent
      contractor) over the immediately preceding 36-month period (or the full period
      of services if the Executive has been providing services for less than 36
      months).

     

    3.3           Affiliate

     

    For
      the purposes of this Plan, “Affiliate” shall mean a member of the affiliated
      group of corporations that includes the Company as defined in Section 414(b)
      and
      (c) of the Internal Revenue Code except that in applying Section 1563 of the
      Internal Revenue Code, “50 percent” shall be substituted for “80
      percent.”

    

    3.4           Month
      of Service; Year of Service

     

    For
      the purposes of this Plan, a “Month of
      Service” shall be a whole month of service with a Participating Company based
      upon the Executive’s service anniversary date with the Company. Further, a “Year
      of Service” shall be equal to twelve (12) “Months of Service,” with a
      Participating Company based upon the Executive’s service anniversary date with
      the Company.

    

    3.5           Eligible
      Spouse

     

    For
      the purposes of this Plan, “Eligible
      Spouse” shall mean the spouse to whom the Executive is married at the time
      payment of a supplemental benefit from the Plan commences and who is so
      designated, or deemed to have been designated in accordance with the FirstEnergy
      Corp. Pension Plan (“Pension Plan”).

    

    3.6           Conditions
      of Benefits

     

    A
      supplemental benefit under this Plan will be
      determined in accordance with and shall be non- forfeitable upon the date the
      Executive terminates employment under the conditions described in the following
      sections:

    

    
      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

    

    

    (a)           Retirement
      Benefits

     

    (i)        
          An Executive retiring from the Company or any Participating
      Company on or after age fifty-five (55) who has completed ten (10) Years of
      Service will be entitled to receive, commencing at retirement, a monthly
      supplemental retirement benefit under the Plan equal to sixty-five percent
      (65%)
      of the Executive’s Highest Average Monthly Base Earnings or fifty-five percent
      (55%) of the Executive’s Highest Average Monthly Total Compensation, whichever
      is greater, multiplied by the number of Months of Service the Executive has
      completed after having completed ten (10) Years of Service, up to a maximum
      of
      sixty (60) months, divided by sixty (60). The benefit shall be paid by the
      Company or the Participating Company at which the benefit was earned. This
      amount shall be reduced by:

     

    (A)           The
      monthly primary Social Security benefit to which the Executive may be entitled
      at such retirement (or the projected age sixty-two (62) benefit if retirement
      occurs prior to age sixty-two (62)), irrespective of whether the Executive
      actually receives such benefit at the time of retirement, and

     

    (B)           The
      monthly early, normal or deferred retirement income benefit to which the
      Executive may be entitled at such retirement, under the Pension Plan, the
      monthly supplemental pension benefit under the Deferral Plan and the monthly
      benefit, or actuarial equivalent, under the tax-qualified or nonqualified
      defined benefit pension plans of previous employers, all calculated by an
      actuary selected by the Company, with the following assumptions based on the
      Executive’s marital status at the time of such retirement:

     

    a)           in
      the form of a fifty percent (50%) joint and survivor annuity if the Executive
      is
      married, and

     

    b)           in
      the form of a single-life annuity if the Executive is not married.

     

    (C)           This
      benefit amount shall be reduced by one-fourth (1/4) of one percent (1%) for
      each
      month the commencement of benefits under this Plan precedes the month the
      Executive attains age sixty-five (65).

     

    (ii)           Grandfathered
      Participants. Each employee who is a Participant in this Plan on January 1,
      1999, shall be entitled to Retirement Benefits as follows:

     

    Each
      such Participant retiring from the Company
      or any Participating Company on or after age fifty-five (55) will be entitled
      to
      receive, commencing on the first day of the month following retirement, a
      monthly supplemental retirement benefit under the Plan equal to sixty-five
      percent (65%) of the Executive’s Highest Average Monthly Base Earnings or
      fifty-five percent (55%) of the Executive’s Highest Average Monthly Total
      Compensation, whichever is greater, multiplied by the number of Months of
      Service the Executive has with the Company up to a maximum of sixty (60) months,
      divided by sixty (60). This amount will be reduced by one-fourth (1/4) of one
      percent (1%) for each month the commencement of benefits under this Plan
      precedes the month the Executive attains age sixty-five (65). This amount will
      be reduced by those items specified in Section 3.6(a)(i)(A) and (B)
      above.

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    (iii)           After
      commencement of supplemental retirement benefits to the Executive, such payments
      shall continue in monthly installments thereafter ending with a payment for
      the
      month in which such Executive’s death occurs. At death, benefits under Section
3.6(c)(ii) may be paid to the Executive’s surviving
      Eligible Spouse.

     

    (b)           Disability
      Benefits

     

    (i)          
        An Executive who becomes Disabled while employed by the Company will
      be entitled to receive, commencing on the first day of the month following
      the
      Executive’s Separation from Service by reason of Disability, a monthly
      supplemental Disability benefit under the Plan equal to sixty-five percent
      (65%)
      of the Executive’s Highest Base Earnings or fifty-five (55%) of the Executive’s
      Highest Total Compensation, whichever is greater, less:

     

    (A)           The
      monthly Social Security disability benefit to which the Executive may become
      entitled due to such Disability.

     

    (B)           The
      monthly disability pension payment under the Pension Plan, the monthly benefit
      provided by the Long-Term Disability Plan of the Company and the monthly
      disability or pension benefits, or actuarial equivalent, from plans of previous
      employers to which the Executive may be entitled at termination of
      employment.

     

    “Disabled”
and
“Disability”
mean
      (i) the
      Executive is unable to engage in any substantial gainful activity by reason
      of
      any medically determinable physical or mental impairment which can be expected
      to result in death or can be expected to last for a continuous period of not
      less than twelve (12) months; or (ii) the Executive is, by reason of any
      medically determinable physical or mental impairment which can be expected
      to
      result in death or can be expected to last for a continuous period of not less
      than twelve (12) months, receiving income replacement benefits for a period
      of
      not less than three (3) months under an accident and health plan covering
      employees of the Company.

    

    (ii)           After
      commencement of supplemental Disability benefits to the Executive, such payments
      shall continue in monthly installments thereafter ending with a payment in
      the
      month in which the Executive attains age sixty-five (65) or retires from the
      Company, dies, or is no longer Disabled, whichever first occurs. Upon
      retirement, benefits under Section 3.4(a) may be paid. At death, benefits under
      Section 3.6(c) may be paid to the Executive’s
      surviving Eligible Spouse.

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     

     

    (c)           Death
      Benefits

     

    (i)           
      If an Executive, including an Executive receiving a supplemental Disability
      benefit under the Plan, dies prior to retiring from the Company, the Executive’s
      surviving Eligible Spouse shall be entitled to receive, commencing on the first
      day of the month following the Executive’s death, a monthly supplemental
      surviving spouse benefit under the Plan equal to fifty percent (50%) of the
      monthly supplemental retirement benefit, calculated in accordance with Section
      3.6(a), which the Executive would have received had
      he or she retired in the month of death, except that if the Executive dies
      prior
      to attaining age fifty-five (55), such monthly supplemental retirement benefit
      will be calculated as if the Executive had attained age fifty-five (55) and
      retired on the date of his or her death. In addition, if at the time of his
      or
      her death the deceased Executive had completed less than ten (10) Years of
      Service with a Participating Company, the death benefit, if any, shall be
      calculated as if the Executive had been credited with five (5) Years of Service
      at the time of his/her employment with the Company.

     

    The
      surviving spouse benefit payment shall be
      paid in monthly installments thereafter ending with a payment for the month
      in
      which such surviving Eligible Spouse’s death occurs.

    

    (ii)           If
      an Executive dies after retiring from the Company, the Executive’s surviving
      Eligible Spouse shall be entitled to receive a monthly supplemental surviving
      spouse benefit under the Plan equal to fifty percent (50%) of the supplemental
      retirement benefit which the deceased Executive was receiving on the day before
      his or her death.

     

    This
      monthly supplemental surviving spouse
      benefit payment shall commence on the first day of the month following the
      Executive’s death and shall be paid in monthly installments thereafter ending
      with a payment for the month in which such surviving Eligible Spouse’s death
      occurs.

    

    (d)           Involuntary
      Separation Benefits

     

    An
      Executive under age fifty-five (55) with ten
      (10) or more Years of Service at the time of an involuntary Separation from
      Service, due to the closing of a facility, corporate restructuring, reduction
      in
      the work force, or job elimination, will be entitled to receive, beginning
      on
      the first day of the month following the attainment of age fifty-five (55),
      a
      supplemental retirement benefit under the Plan calculated in accordance with
      Section 3.6(a). If the Executive dies prior to or
      after commencement of his or her supplemental retirement benefit, the
      Executive’s surviving Eligible Spouse shall be entitled to receive a monthly
      supplemental surviving spouse benefit under the Plan calculated in accordance
      with Section 3.6(c). Such supplemental benefits
      will be calculated using the number of Months of Service the Executive had
      with
      the Company at his or her Separation from Service. However, the Executive will
      not be eligible for a supplemental retirement benefit beginning at age
      fifty-five (55) if the separation is due to any other reason including but
      not
      limited to: voluntary resignation; discharge for misconduct or poor job
      performance; failure to return from a leave of absence; or as a result of a
      merger or acquisition of the Company or any of its assets and the Executive’s
      employment with the acquiring or merging company is continued and the Executive
      does not suffer unemployment.

     

     

    

    
      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

    

    

    (e)           Minimum
      Benefit

     

    Notwithstanding
      the above provisions in Section
3.6, the Chief Executive Officer in consultation
      with the Compensation Committee or the Compensation Committee, in their sole
      discretion, may authorize a minimum supplemental benefit payable to the
      Executive upon retirement or Disability, or to the Executive’s spouse upon
      death.

    

    (f)           For
      the purposes of this Plan, the following terms shall be defined as:

     

    (i)     
            Highest Average Monthly Base Earnings is the
      average of the highest twelve (12) consecutive full months of base salary
      earnings paid to the Executive in the one hundred twenty (120) consecutive
      full
      months prior to Separation from Service, including any salary deferred in the
      FirstEnergy Corp. Executive Deferred Compensation Plan (“Deferral Plan”) or the
      FirstEnergy Corp. Savings Plan (“Savings Plan”), but excluding any incentive
      payments.

     

    (ii)           Highest
      Average Monthly Total Compensation is the average of the highest thirty-six
      (36)
      consecutive full months of base salary earnings paid to the Executive in the
      one
      hundred twenty (120) consecutive full months prior to Separation from Service,
      including any salary deferred under the Deferral Plan and Savings Plan. Highest
      Total Compensation shall also include any Annual Incentive Award from the
      Executive Incentive Compensation Plan either paid to the Executive or deferred
      under the Deferral Plan after January 1, 1996.

     

    3.7           Forfeiture
      of Benefits

     

    If
      it is determined, in the sole discretion of
      the Compensation Committee or its delegate, that the Executive has engaged
      in
      any of the following enumerated actions within twenty-four (24) months after
      Separation from Service with the Company, and unless such engagement has been
      approved by the Compensation Committee or its delegate in writing, all future
      benefit payments under this Plan shall be immediately forfeited. Notwithstanding
      any other provision of this paragraph, the forfeiture of benefits will only
      apply to those supplemental retirement benefits accrued on or after January
      1,
      1999 and shall not apply to supplemental benefits accrued before January 1,
      1999.

    

    (a)           Participate
      or engage, directly or indirectly, in the business of selling, servicing, and/or
      manufacturing products, supplies or services of the kind, nature or description
      of those sold by the Company or any Affiliate except pursuant to his/her
      employment with Company or an Affiliate;

     

    (b)           Directly
      participate or engage, on the behalf of other parties, in the purchase of
      products, supplies or services of the kind, nature or description of those
      sold
      by the Company or any Affiliate except pursuant to his/her employment with
      the
      Company or an Affiliate.

     

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

     

    (c)           Solicit,
      divert, take away or attempt to take away any of the Company’s or any
      Affiliate’s Customers or the business or patronage of any such Customers of the
      Company or an Affiliate;

     

    (d)           Solicit,
      entice, lure, employ or endeavor to employ any of the Company’s or any
      Affiliate’s employees;

     

    (e)           Divulge
      to others or use for his/her own benefit any confidential information obtained
      during the course of his /her employment with Company or any Affiliate relative
      to sales, services, processes, methods, machines, manufacturers, compositions,
      ideas, improvements, patents, trademarks, or inventions belonging to or relating
      to the affairs of Company or any Affiliate;

     

    (f)         
        Divulge to others or use to his/her own benefit any trade secrets
      belonging to the Company or any Affiliate obtained during the course of his/her
      employment or that he/she became aware of as a consequence of his/her
      employment.

     

    The
      term “Customer” shall mean any person,
      firm, association, corporation or other entity to which the Executive or the
      Company has sold the Company’s or an Affiliate’s products or services within the
      twenty-four (24) month period immediately preceding the Executive’s Separation
      from Service, to which the Executive, the Company or an Affiliate is in the
      process of selling its products or services, or to which the Executive, the
      Company or any Affiliate has submitted a bid, or is in the process of submitting
      a bid to sell the Company’s or an Affiliate’s products or services.

    

    Should
      it be necessary for the Company or an
      Affiliate to initiate legal action to recover any amounts due, the Company
      or
      the Affiliate shall be entitled to recover from the Executive, in addition
      to
      such amounts due, all costs, including reasonable attorneys fees, incurred
      as a
      result of such legal action.

    

    3.8           Change
      in Control

     

    In
      the event of a Change in Control, as defined
      in Appendix B, the Forfeiture of Benefit provisions in Section 3.7 will not apply to an Executive who has a
      Separation from Service within twenty-four (24) months after a Change in
      Control.

    

    3.9           Commencement
      of Payments

     

    Notwithstanding
      anything herein to the
      contrary, benefits payable to an Executive shall commence as soon as
      administratively feasible, but not more than ninety (90) days following the
      date
      of retirement, termination, death or Disability, except that an Executive who
      is
      a “specified employee” as defined in Code Section 409A(a)(2)(B)(i) on his date
      of Separate from Service (except due to death) shall not receive a distribution
      before the date which is six (6) months after the date of Separation from
      Service. In the event a distribution must be deferred, the first installment
      payment shall include an amount equal to the sum of the monthly payments which
      would have been paid to the Participant but for the payment deferral mandated
      pursuant to Code Section 409A(a)(2)(B)(i).

    

    
      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

    

    

    

    ARTICLE
      4—UNFUNDED
      PLAN

     

    

    4.1           Unfunded
      Plan

     

    The
      Plan shall be unfunded. The Plan is
      intended to benefit key senior Executives who are considered to be a select
      group of management or highly compensated employees within the meaning of the
      Employee Retirement Income Security Act of 1974, as amended.

    

    4.2           Nontransferability

     

    Neither
      an Executive nor any other person shall
      have any right to transfer, pledge, or otherwise encumber, in advance of actual
      receipt, any amounts payable hereunder. No part of the amounts payable shall,
      prior to actual payment, be subject to seizure or sequestration for the payment
      of any debts, judgments, alimony, or separate maintenance owed by an Executive
      or any other person, nor be transferable by operation of law in the event of
      an
      Executive’s or any other person’s bankruptcy or insolvency.

    

    

    ARTICLE
      5—ADMINISTRATION

     

    5.1           Committee;
      Duties

     

    This
      Plan shall be administered by and under
      the direction of the Committee. Members of the Committee may be participants
      in
      this Plan. However, no member of the Committee may participate in a review
      of
      his or her own claim under Article 6. The Committee
      shall administer the Plan and shall have the power and the duty to take all
      action and to make all decisions necessary or proper to carry out the Plan.
      The
      determination of the Committee as to any question involving the general
      administration and interpretation of the Plan shall be final, conclusive, and
      binding except as otherwise provided in Article 6.
      A majority vote of the Committee members shall control any decision. Any
      discretionary actions to be taken under the Plan by the Committee with respect
      to the Executives’ benefits shall be uniform in nature and applicable to all
      persons similarly situated. Without limiting the generality of the foregoing,
      the Committee shall have the following discretionary authority, powers and
      duties:

    

    (a)           To
      require any person to furnish such information as it may request for the purpose
      of the proper administration of the Plan as a condition to receiving any benefit
      under the Plan;

     

    (b)           To
      make and enforce such rules and regulations and prescribe the use of such forms
      as it deems necessary for the efficient administration of the Plan;

     

    (c)           To
      interpret the Plan and to resolve ambiguities, inconsistencies and
      omissions;

     

    

    
      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

    

    

    

     

    (d)           To
      decide all questions concerning the Plan and any questions concerning the
      eligibility of any Employee to participate in the Plan; and

     

    (e)           To
      determine the amount of benefits which will be payable to any person in
      accordance with the provisions of the Plan.

     

                 
        Upon and after the occurrence of a Change in Control, the
“Committee” shall be at least three (3) independent third parties selected by
      the individual who, immediately prior to such event, was the Company’s Chief
      Executive Officer or, if not so identified, the Company’s highest ranking
      officer (the “Ex-CEO”); provided, however, the Committee, as constituted
      immediately prior to a Change in Control, shall continue to act as the Committee
      for this Plan until the date on which the independent third parties selected
      by
      the Ex-CEO accept the responsibilities as members of the Committee for this
      Plan. Upon and after a Change in Control, the Committee shall have all
      discretionary authorities and powers granted to the Committee under this Plan
      including the discretionary authority to determine all questions arising in
      connection with the administration of the Plan and the interpretation of the
      Plan except benefit entitlement determinations upon appeal. Upon and after
      the
      occurrence of a Change in Control, the Company must: (1) pay all reasonable
      administrative expenses and fees of the Committee; (2) indemnify the Committee
      against any costs, expenses and liabilities including, without limitation,
      attorney’s fees and expenses arising in connection with the performance of the
      Committee hereunder, except with respect to matters resulting from the gross
      negligence or willful misconduct of the Committee or its employees or agents;
      and (3) supply full and timely information to the Committee on all matters
      relating to the Plan, the Participants and their Beneficiaries, the Account
      balances of the Participants, the date and circumstances of the Retirement,
      Disability, death or Separation from Service of the Participants, and such
      other
      pertinent information as the Committee may reasonably require. Upon and after
      a
      Change in Control, a member of the Committee may only be removed (and a
      replacement may only be appointed) by the Ex-CEO.

    

    5.2           Agents

     

    In
      the administration of this Plan, the
      Committee may, from time to time, employ agents and delegate to them such
      administrative duties as it sees fit, and may from time to time consult with
      counsel, who may be counsel to the Company.

    

    5.3           Indemnity
      of Committees

     

    The
      Company and the Participating Companies,
      jointly and severally, shall indemnify and hold harmless members of the
      Committee and the Compensation Committee against any and all claims, loss,
      damage, expense of liability arising from any action or failure to act with
      respect to this Plan, except in the case of intentional misconduct.

    

    

    
      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

    

    

    

    ARTICLE
      6—CLAIMS
      PROCEDURE

     

    6.1           Claim

     

    Any
      person claiming a benefit (“Claimant”)
      under the Plan shall present the request in writing to the
      Committee.

    

    6.2           Initial
      Claim Review

     

              
           In the case of a claims regarding Disability, the
      Committee will make a benefit determination within forty-five (45) days of
      its
      receipt of an application for benefits.  This period may be extended
      up to an additional thirty (30) days, if the Committee provides the Claimant
      with a written notice of the extension within the initial forty-five (45)-day
      period.  The extension notice will explain the reason for the
      extension and the date by which the Committee expects a decision will be
      made.  The Committee may obtain a second thirty (30)-day extension by
      providing you written notice of such second extension within the thirty (30)-day
      extension.  The second extension notice must include an explanation of
      the special circumstances necessitating the second extension and the date by
      which the Committee’s decision will be made.  If the extension is
      necessary because additional information is needed to decide the claim, the
      extension notice will describe the required information.  The Claimant
      will have forty-five (45) days after receiving the extension notice to provide
      the required information.

    

    In
      the case of all other claims, the Committee
      will make a benefit determination within ninety (90) days of its receipt of
      an
      application for benefits.  This period may be extended up to an
      additional ninety (90) days, if the Committee provides the Claimant with a
      written notice of the extension within the initial ninety (90)-day
      period.  The extension notice will explain the reason for the
      extension and the date by which the Committee expects a decision will be
      made.

    

    The
      Committee will notify the Claimant in
      writing, delivered in person or mailed by first-class mail to the Claimant’s
      last known address, if any part of a claim for benefits under the Plan has
      been
      denied.  The notice of a denial of any claim will
      include:

    

    (a)           the
      specific reason for the denial;

     

    (b)           reference
      to specific provisions of the Plan upon which the denial is based;

     

    (c)           a
      description of any internal rule, guidelines, protocol or similar criterion
      relied on in making the denial (or a statement that such internal criterion
      will
      be provided free of charge upon request);

     

    

    
      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

    

    

    

     

    (d)           a
      description of any additional material or information deemed necessary by the
      Committee for the Claimant to perfect the claim, and an explanation of why
      such
      material or information is necessary; and

     

    (e)           an
      explanation of the claims review procedure under the Plan.

     

    If
      the notice described above is not furnished and if the claim has not been
      granted within the time specified above for payment of the claim, the claim
      will
      be deemed denied and will be subject to review as set forth in Section
      9.3.

    

    6.3           Review
      of Claim

     

    If
      a claim for benefits is denied, in whole or in part, the Claimant may request
      to
      have the claim reviewed.  The Claimant will have one hundred eighty
      (180) days in which to request a review of a claim regarding Disability, and
      will have sixty (60) days in which to request a review of all other
      claims.  The request must be in writing and delivered to the
      Compensation Committee.  If no such review is requested, the initial
      decision of the Compensation Committee will be considered final and
      binding.

    

    The
      request for review must specify the reason the Claimant believes the denial
      should be reversed.  He or she may submit additional written comments,
      documents, records, and other information relating to and in support of the
      claim; all information submitted will be reviewed whether or not it was
      available for the initial review.  The Claimant may request reasonable
      access to and copies of, all documents, records, and other information relevant
      to the Claimant’s claim for benefits.  A member of the Compensation
      Committee may not review his or her own claim.  In addition, if the
      Claimant requests a review, a full and fair review of the decision will be
      made
      by a different person who is not a subordinate of the original decision
      maker.  The review will not defer to the initial adverse
      determination.  If the denial was based in whole or in part on a
      medical judgment, the Compensation Committee will consult with an appropriate
      health care professional who was not consulted in the initial determination
      of
      his or her claim and who is not the subordinate of someone consulted in the
      initial determination.  Names of the health care professionals will be
      available on request.

    

    
      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

    

    

    

    Upon
      receipt of a
      request for review, the Compensation Committee may schedule a hearing within
      thirty (30) days of its receipt of such request, subject to availability of
      the
      Claimant and the availability of the Compensation Committee, at a time and
      place
      convenient for all parties at which time the Claimant may appear before the
      person or committee designated by the Compensation Committee to hear appeals
      for
      a full and fair review of the Administrative Committee’s initial
      decision.  The Claimant may indicate in writing at the time the
      Compensation Committee attempts to schedule the hearing, that he or she wishes
      to waive the right to a hearing.  If the Claimant does not waive his
      or her right to a hearing, he or she must notify the Compensation Committee
      in
      writing, at least fifteen (15) days in advance of the date established for
      such
      hearing, of his or her intention to appear at the appointed time and
      place.  The Claimant must also specify any persons who will accompany
      him or her to the hearing, or such other persons will not be admitted to the
      hearing.  If written notice is not timely provided, the hearing will
      be automatically canceled.  The Claimant or the Claimant’s duly
      authorized representative may review all pertinent documents relating to the
      claim in preparation for the hearing and may submit issues, documents,
      affidavits, arguments, and comments in writing prior to or during the
      hearing.

    

    The
      Compensation Committee will notify the Claimant of its decision following the
      reviews.  In the case of a claim regarding Disability, the
      Compensation Committee will render its final decision within forty-five (45)
      days of receipt of an appeal or such shorter period as may be required by
      law.  If the Compensation Committee determines that an extension of
      the time for processing the claim is needed, it will notify the Claimant of
      the
      reasons for the extension and the date by which the Compensation Committee
      expects a decision will by made.  The extended date may not exceed
      ninety (90) days after the date of the filing of the appeal.

    

    In
      the case of all other claims, the Compensation Committee will render its final
      decision within sixty (60) days of receipt of an appeal.  If the
      Compensation Committee determines that an extension of the time for processing
      the claim is needed, it will notify you of the reasons for the extension and
      the
      date by which the Compensation Committee expects a decision will be
      made.  The extended date may not exceed one hundred twenty (120) days
      after the date of the filing of the appeal.

    

    If
      after the review the claim continues to be denied, the Claimant will be provided
      a notice of the denial of the appeal which will contain the following
      information:

    

    (a)           The
      specific reasons for the denial of the appeal;

     

    (b)           A
      reference to the specific provisions of the Plan on which the denial was
      based;

     

    (c)           A
      statement that the Claimant is entitled to receive, upon request and free of
      charge, reasonable access to, and copies of, all documents, records, and other
      information relevant to the claim for benefits;

     

    (d)           A
      statement disclosing any internal rule, guidelines, protocol or similar
      criterion relied on in making the denial (or a statement that such information
      would be provided free of charge upon request); and

     

     

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

     

    (e)           A
      statement describing the Claimant’s right to bring a civil suit under Federal
      law and a statement concerning other voluntary alternative dispute resolutions
      options.

     

    6.4           Review
      of Claims on and after a Change in Control

     

    Upon
      and after the occurrence of a Change in
      Control, the Compensation Committee, as constituted immediately prior to a
      Change in Control, shall be the Appeals Committee.  In the event any
      member of the Appeals Committee resigns or is unable to perform the duties
      of a
      member of the Appeals Committee, successors to such members shall be selected
      by
      the Ex-CEO.  Upon and after a Change in Control, the Appeals Committee
      shall have all discretionary authorities and powers granted the Compensation
      Committee under this Plan to review denied claims as provided in Section 6.3.  A member of the Appeals Committee may
      not review his or her own claim and may not review a claim if he or she is
      a
      subordinate of the original decision maker.  Upon and after the
      occurrence of a Change in Control, the Company must: (1) pay all reasonable
      administrative expenses and fees of the Appeals Committee; (2) indemnify the
      Appeals Committee against any costs, expenses and liabilities including, without
      limitation, attorney’s fees and expenses arising in connection with the
      performance of the Appeals Committee hereunder, except with respect to matters
      resulting from the gross negligence or willful misconduct of the Appeals
      Committee or its employees or agents; and (3) supply full and timely information
      to the Appeals Committee on all matters relating to the Plan, the Participants
      and their Beneficiaries, the Account Balances of the Participants, the date
      and
      circumstances of the Retirement, Disability, death or Separation from Service
      of
      the Participants, and such other pertinent information as the Appeals Committee
      may reasonably require.  Upon and after a Change in Control, a member
      of the Appeals Committee may only be removed (and a replacement may only be
      appointed) by the Ex-CEO.

    

    

    ARTICLE
      7—MISCELLANEOUS

     

    7.1           Unsecured
      General Creditor

     

    Participants
      and their Beneficiaries, heirs,
      successors and assigns shall have no legal or equitable rights, interest or
      claims in any property or assets of Company or any Participating Company. Any
      and all assets of the Company and the Participating Companies shall be, and
      remain, their general, unpledged, unrestricted assets. The obligation of the
      Company and the Participating Companies under the Plan shall be merely that
      of
      an unfunded and unsecured promise of Company and the Participating Companies
      to
      pay money in the future.

    

    7.2           Liability
      for Benefits

     

    Except
      as otherwise agreed in writing,
      liability for the payment of a Participant’s benefit under this Plan shall be
      borne solely by the participating Employer that employs the Participant and
      reports the Participant as being on its payroll during the accrual or increase
      in the benefit.  No liability for the payment of any benefit shall be
      incurred by reason of Plan sponsorship or participation except for benefits
      of a
      Participating Company’s own employees.  Nothing in this Section shall
      be interpreted as prohibiting any Participating Company from expressly agreeing
      in writing to the assumption of liability or guarantee of payment of any benefit
      under this Plan.

    

    
      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

    

    

    

    7.3           Obligations
      to Company and Participating Companies

     

    If
      an Executive or the Executive’s surviving
      Eligible Spouse becomes entitled to a benefit under the Plan and the Executive
      has outstanding any debt, obligation, or other liability representing an amount
      owing to the Company or a Participating Company, then the Company or
      Participating Company may offset such amount owing to it or an affiliate against
      the amount of benefits otherwise distributable. The determination of the amount
      and duration of the offset shall be made by the Committee.

    

    7.4           Not
      a Contract of Employment

     

    The
      terms and conditions of the Plan shall not
      be deemed to constitute a contract of employment between the Company or any
      Participating Company and the Executive, and the Executive (or his or her
      surviving Eligible Spouse) shall have no rights against the Company or any
      Participating Company except as may be otherwise provided specifically herein.
      Moreover, nothing in the Plan shall be deemed to give an Executive the right
      to
      be retained in the service of the Company or any Participating Company, or
      to
      interfere with the right of the Company or any Participating Company to
      discipline or discharge him or her at any time.

    

    7.5           Protective
      Provisions

     

    An
      Executive shall cooperate with the Company
      and each Participating Company by furnishing any and all information requested
      by the Company or a Participating Company in order to evaluate a claim or to
      facilitate the payment of benefits hereunder, and by taking such physical
      examinations as the Company or Participating Company may deem necessary and
      taking such other action as may be requested by the Company or a Participating
      Company.

    

    7.6           Captions

     

    The
      captions of the articles, sections and
      paragraphs of the Plan are for convenience only and shall not control or affect
      the meaning or construction of any of its provisions.

    

    7.7           Governing
      Law

     

    The
      provisions of the Plan shall be construed,
      administered, and enforced according to and governed by the laws (other than
      conflict of law provisions) of the state of Ohio, except to the extent such
      laws
      are superseded by the Employee Retirement Income Security Act of 1974, as
      amended.

    

    7.8           Validity

     

    In
      case any provision of the Plan shall be
      illegal or invalid for any reason, such illegality or in validity shall not
      affect the remaining parts hereof, but the Plan shall be construed and enforced
      as if such illegal and invalid provision had never been included
      herein.

    

    
      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

    

    

    7.9           Mistaken
      Information

     

    If
      any information upon which an Executive’s
      benefit under the Plan is misstated or otherwise mistaken, such benefit shall
      not be invalidated (unless upon the basis of the correct information the
      Executive would not be entitled to a benefit), but the amount of the benefit
      shall be adjusted to the proper amount and any overpayments shall be charged
      against future payments.

    

    7.10        Taxes
      and Expenses

     

    Any
      taxes imposed on Plan benefits shall be the
      sole responsibility of the Executive or surviving Eligible Spouse. The Company
      shall deduct from Plan benefits any amounts required by applied law to be
      withheld. All Plan administration expenses incurred by the Company or Committee
      shall be borne by the Company.

    

    7.11        Notice

     

    Any
      notice or filing required or permitted to
      be given to the Committee under the Plan shall be sufficient if in writing
      and
      hand delivered, or sent by registered or certified mail to any member of the
      Committee, or to the Statutory Agent of the Company. Notice to the Committee
      may
      be given to any member of the Committee and if mailed shall be addressed to
      the
      principal executive offices of the Company. Notice mailed to the Executive
      shall
      be sent to the last address on file with the Company. Notices shall be deemed
      given as of the date of delivery or, if delivery is made by mail, as of the
      date
      shown on the postmark on the receipt for registration or
      certification.

    

    

    ARTICLE
      8—EFFECTIVE
      DATE, TERMINATION, AND AMENDMENT

     

    8.1           Effective
      Date

     

    The
      effective date of the Plan shall be September 29, 1985.

     

    8.2           Termination
      of the Plan

     

    The
      Plan may be terminated at any time and
      amended from time to time by action of the Board or the Compensation Committee
      or by a writing executed on behalf of the Board or the Compensation Committee
      by
      the Company’s duly authorized officers, provided that neither termination nor
      any amendment of the Plan may, without the written approval of a participating
      Executive or surviving Eligible Spouse, reduce or terminate any accrued benefit
      and provided such amendment or termination is consistent with Internal Revenue
      Code Section 409A.

    

    
      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

    

    

    

    8.3           Distribution
      of Benefits on Plan Termination

     

                    In
      the event the Corporation elects to terminate and liquidate the Plan solely
      with
      respect to benefits that accrued and/or vested after December 31, 2004,
      including deemed earnings, gains and losses credited thereon after that date,
      no
      right to the payment of benefits shall arise as a result of a Plan
      Termination;

    

    (a)           The
      Company may, in its discretion, provide by amendment to the Plan a right to
      the
      payment of all such benefits as a result of the liquidation and termination
      of
      the Plan where:

     

    (i)        
         The termination and liquidation does not occur proximate to a
      downturn in the financial health of the Company and the Participating
      Companies;

     

    (ii)           The
      Plan and all arrangements required to be aggregated with the Plan under Code
      Section 409A are terminated and liquidated;

     

    (iii)           No
      payments, other than those that would be payable under the terms of the Plan
      and
      the aggregated arrangements if the termination and liquidation had not occurred,
      are made within twelve (12) months of the date the Company takes all necessary
      action to irrevocably terminate and liquidate the Plan;

     

    (iv)           All
      payments are made within twenty-four (24) months of the date the Company takes
      all necessary action to irrevocably terminate and liquidate the Plan;
      and

     

    (v)           The
      Company and the Affiliates do not adopt a new arrangement that would be
      aggregated with any terminated arrangement under Code Section 409A, at any
      time
      within three (3) years following the date the Company takes all necessary action
      to irrevocably terminate and liquidate the Plan.

     

    (b)           Similarly,
      the Company may, in its discretion, provide by amendment to liquidate and
      terminate the Plan where the termination and liquidation occurs within twelve
      (12) months of a corporate dissolution taxed under Code Section 331, or with
      the
      approval of a bankruptcy court pursuant to 11 United States Code Section
      503(b)(1)(A), provided that all amounts deferred under the Plan are included
      in
      the Participants’ gross incomes in the latest of the following years (or, if
      earlier, the taxable year in which the amount is actually or constructively
      received):

     

    (i)        
         The calendar year in which the termination
      occurs;

     

    (ii)           The
      calendar year in which the amount is no longer subject to a substantial risk
      of
      forfeiture; or

     

    (iii)           The
      first calendar year in which the payment is administratively
      practicable.

     

    

    
      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

    

    

    

    ARTICLE
      9—SUCCESSORS

     

    The
      provisions of this Plan shall bind and
      inure to the benefit of the Company and its successors and assigns. The term
      successors as used herein shall include any corporate or other business entity
      which shall, whether by merger, consolidation, purchase or otherwise acquire
      all
      or substantially all of the business and assets of the Company, and successors
      of any such corporation or other business entity.

    

    

    ARTICLE
      10—CODE
      SECTION 409A

     

    Notwithstanding
      anything to the contrary in the
      provisions of this Plan regarding the benefits payable hereunder and the time
      and form thereof, this Plan is intended to meet any applicable requirements
      of
      Code Section 409A and this Plan shall be construed and administered in
      accordance with Section 409A of the Code, Department of Treasury regulations
      and
      other interpretive guidance issued thereunder, including without limitation
      any
      such regulations or other guidance that may be issued after the Effective Date.
      In the event that the Company determines that any provision of this Plan or
      the
      operation thereof may violate Section 409A of the Code and related Department
      of
      Treasury guidance, the Company may in its sole discretion adopt such amendments
      to this Plan and appropriate policies and procedures, including amendments
      and
      policies with retroactive effect, or take such other actions, as the Company
      determines necessary or appropriate to comply with the requirements of Section
      409A of the Code.

    

    

    
      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, and pursuant to approval of
      the Compensation Committee of the Board, on ______________, the Company has
      caused this instrument to be executed by its duly authorized officers effective
      as of January 1, 2005.

    

    

    

    
      	 	
              FIRSTENERGY
                CORP.

            
	 	 
	 	 
	
              By:

            	 
	 	
              Its

            
	 	 
	
              Dated:

            	 
	 	 
	 	 
	
              Witness:

            	 
	 	
              Its

            
	 	 
	
              Dated:

            	 
	 	 

    

    

    

    

    
      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

    

    

    APPENDIX
      A

    

    

    
      	
              1

              Participating
                Company

            	
              2

              Adoption
                Date

            	
              3

              Termination
                Date

            
	
               

              American
                Transmissions Systems, Inc.

            	
               

              January
                1,
                2003

            	 
	
               

              Cleveland
                Electric Illuminating Company

            	
               

              July
                1,
                1998

            	 
	
               

              FirstEnergy
                Corp.

            	
               

              January
                1,
                1998

            	 
	
               

              FirstEnergy
                Facilities Services Group, Inc.

            	
               

              January
                1,
                2003

            	 
	
               

              FirstEnergy
                Generation Corp.

            	
               

              January
                1,
                2003

            	 
	
               

              FirstEnergy
                Nuclear Operating Company

            	
               

              January
                1,
                1999

            	 
	
               

              FirstEnergy
                Service Company

            	
               

              January
                1,
                1999

            	 
	
               

              FirstEnergy
                Solutions Corp.

            	
               

              January
                1,
                2003

            	 
	
               

              Jersey
                Central
                Power and Light

            	
               

              January
                1,
                2003

            	 
	
               

              Metropolitan
                Edison

            	
               

              January
                1,
                2003

            	 
	
               

              Ohio
                Edison
                Company

            	
               

              January
                1,
                1983

            	 
	
               

              Pennsylvania
                Electric

            	
               

              January
                1,
                2003

            	 
	
               

              Pennsylvania
                Power Company

            	
               

              January
                1,
                1983

            	 
	
               

              Toledo
                Edison
                Company

            	
               

              July
                1,
                1998

            	 

    

    

    

    
      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

    

    

    APPENDIX
      B

     

    Change
      in
      Control

    

    

    Effective
      as of the date approved by
      shareholders and for purposes of the Plan, a “Change in Control”
means:

    

    1.     
             An acquisition by any individual,
      entity, or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
      Securities Exchange Act of 1934, as amended (the “Exchange Act”) (a “Person”) of
      beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
      Exchange Act) of fifty percent (50%) (twenty-five percent (25%) if such Person
      proposes any individual for election to the Board of Directors or any member
      of
      the Board is the representative of such Person) or more of either (i) the then
      outstanding shares of common stock of the Company (“Outstanding Company Common
      Stock”), or (ii) the combined voting power of the then outstanding voting
      securities of the Company entitled to vote generally in the election of
      directors (“Outstanding Company Voting Securities”); provided, however, that the
      following acquisitions will not constitute a Change in Control:

    

    (a)           Any
      acquisition directly from the Company (excluding an acquisition by virtue of
      the
      exercise of a conversion privilege);

    

    (b)           Any
      acquisition by the Company;

    

    (c)           Any
      acquisition by an employee benefit plan (or related trust) sponsored or
      maintained by the Company or any corporation controlled by the Company;
      or

    

    (d)           Any
      acquisition by any corporation pursuant to a reorganization, merger, or
      consolidation if, following such reorganization, merger, or consolidation,
      the
      conditions described in clauses 3(b), 3(c) and 3(d) of this Appendix B are
      satisfied.

    

    2.          
        Individuals who, as of the date hereof, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the
      Board; provided, however, that any individual becoming a director subsequent
      to
      the date hereof whose election, or nomination for election by the Company’s
      shareholders, was approved by a vote of at least a majority of the directors
      then comprising the Incumbent Board shall be considered as though such
      individual were a member of the Incumbent Board, but excluding, for this
      purpose, any such individual whose initial assumption of office occurs as a
      result of either an actual or threatened election contest (as such terms are
      used in Rule 14a-11 of Regulation 14A 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; or

    

    3.     
             Consummation of a reorganization,
      merger, or consolidation or sale or other disposition of all or substantially
      all of the assets of the Company, in each case, unless, following such
      reorganization, merger, or consolidation or sale or other disposition of
      assets:

    

    
      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

    

    

    

    (a)           More
      than seventy-five percent (75%) of, respectively, the then outstanding shares
      of
      common stock of the corporation resulting from such reorganization, merger,
      consolidation, or acquiring such assets and the combined voting power of the
      then outstanding voting securities of such corporation entitled to vote
      generally in the election of directors is then beneficially owned, directly
      or
      indirectly, by all or substantially all of the individuals and entities who
      were
      the beneficial owners, respectively, of the Outstanding Company Common Stock
      and
      Outstanding Company Voting Securities immediately prior to such reorganization,
      merger, consolidation, or sale or other disposition of assets in substantially
      the same proportions as their ownership, immediately prior to such
      reorganization, merger, consolidation, or sale or other disposition of assets,
      of the Outstanding Company Common Stock and Outstanding Company Voting
      Securities, as the case may be;

    

    (b)           No
      Person (excluding the Company, any employee benefit plan (or related trust)
      of
      the Company or such corporation resulting from such reorganization, merger,
      consolidation, or sale or other disposition of assets, and any Person
      beneficially owning, immediately prior to such reorganization, merger,
      consolidation, or sale or other disposition of assets, directly or indirectly,
      twenty-five percent (25%) or more of the Outstanding Company Common Stock or
      Outstanding Voting Securities, as the case may be) beneficially owns, directly
      or indirectly, twenty-five percent (25%) or more of, respectively, the then
      outstanding shares of common stock of the corporation resulting from such
      reorganization, merger, or consolidation or acquiring such assets or the
      combined voting power of the then outstanding voting securities of such
      corporation entitled to vote generally in the election of directors;
      and

    

    (c)           At
      least a majority of the members of the Board of Directors of the corporation
      resulting from such reorganization, merger, or consolidation or acquiring such
      assets were members of the Incumbent Board at the time of the execution of
      the
      initial agreement providing for such reorganization, merger, consolidation
      or
      sale or other disposition of assets; or

    

    (d)           Approval
      by the shareholders of the Company of a complete liquidation or dissolution
      of
      the Company.

    

    However,
      in no event will a Change in Control
      be deemed to have occurred, with respect to a Participant, if the Participant
      is
      part of a purchasing group which consummates the Change in Control transaction.
      The Participant will be deemed “part of a purchasing group” for purposes of the
      preceding sentence if the Participant is an equity participant or has agreed
      to
      become an equity participant in the purchasing company or group (excluding
      passive ownership of less than five percent (5%) of the voting securities of
      the
      purchasing company or ownership of equity participation in the purchasing
      company or group which is otherwise not deemed to be significant, as determined
      prior to the Change in Control by a majority of the nonemployee continuing
      members of the Board of Directors).

    

    

    

    
      
        
          
          

        

        
          22

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