Document:

EX-10.S

 Exhibit 10(s) 
 RETENTION AGREEMENT 
 This RETENTION AGREEMENT
(“Agreement”), dated and entered into effective as of February 12, 2013 is between Oncor Electric Delivery Company LLC (“Company”) and E. Allen Nye, Jr. (“Executive”). 

WHEREAS, Executive is a valuable Executive whom the Company wishes to retain and motivate; 

WHEREAS, Executive is willing to continue in such employment; and 

WHEREAS the Company and Executive desire to enter into this Agreement setting forth the terms and conditions of Executive’s
retention; and 
 WHEREAS, it is important that the terms and conditions of this Agreement be and remain strictly confidential.

 NOW THEREFORE, in consideration of the foregoing and the mutual promises contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Retention Bonus. Subject to the terms and
conditions of this Agreement, and in consideration of Executive’s remaining in the active employment of the Company and continuing the satisfactory performance of Executive’s job duties as directed by the Company through December 31,
2014 (the “Retention Period”), the Company agrees to pay Executive a one-time lump-sum cash bonus in the amount of three-hundred thousand dollars ($300,000) (the “Retention Bonus”). The Company shall pay any earned Retention
Bonus to Executive in accordance with its normal payroll practices and procedures on, or as soon as administratively possible after, December 31, 2014. 
 2. Treatment of Retention Bonus Under Certain Circumstances. 
 (a)
Termination of Employment for Cause and Without Good Reason. In the event that Executive’s employment with the Company is terminated before the end of the Retention Period either: (i) by the Company for “Cause” (as defined
below); or (ii) by the Executive without “Good Reason” (as defined below), then any unpaid Retention Bonus shall be immediately forfeited by Executive. Upon such forfeiture, Executive shall have no further right, title, or interest in
or to the unpaid Retention Bonus or any portion thereof. 
 (b) Termination of Employment Without Cause or for Good
Reason. In the event that Executive’s employment with the Company is terminated before the end of the Retention Period by the Company without Cause or by Executive for Good Reason, the unpaid Retention Bonus shall immediately vest and be
paid in accordance with the Company’s normal payroll practices after termination of Executive’s employment. 

 (c) Termination of Employment for Death or Disability. In the event that
Executive’s employment with the Company is terminated due to death or disability prior to the end of the Retention Period, the unpaid Retention Bonus shall immediately vest and be paid in accordance with the Company’s normal payroll
practices after termination of Executive’s employment. 
 (d) Definitions. For purposes of this Agreement,

 (i) a termination for “Cause” means a termination for any one or more of the following: (A) Executive’s
breach of any fiduciary duty to the Company; (B) Executive’s gross negligence in the performance of Executive’s duties; (C) Executive’s failure or refusal to faithfully and diligently carry out the duties of Executive’s
position with the Company; (D) any action or failure to act on the part of Executive that results in material injury to the assets, business prospects, or reputation of the Company or any “Affiliate” (as defined below);
(E) Executive’s appropriation of a material business opportunity of the Company or any Affiliate of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered into by, or on
behalf of, the Company or an Affiliate; (F) Executive’s breach of the Company’s Code of Conduct or a material employment policy or rule of the Company governing Executive conduct; or (G) Executive’s indictment or plea of
nolo contendere or guilty for a felony or other crime involving fraud, theft, embezzlement, or moral turpitude. 
 (ii)
the term “Affiliate” means any entity that controls, is controlled by, or is under common control with the Company; and 
 (iii) the term “Good Reason” means any one or more of the following events or actions which are taken without the express, voluntary consent of the Executive: (A) a reduction in the
Executive’s base salary, other than a broad-based reduction of base salaries of all similarly situated Executives of the Company unless such broad-based reduction only applies to Executives who had been employed by Energy Future Holdings Corp.
or any of its subsidiaries; or (B) a material reduction in the aggregate level or value of benefits for which the Executive is eligible, other than a broad-based reduction applicable on a comparable basis to all similarly situated Executives.

 3. Employment At-Will. This Agreement shall not be construed as giving Executive any right of employment or continued employment with
the Company or any Affiliate. Executive recognizes and agrees that his employment is of an at-will nature and that this Agreement does not restrict or limit the Company’s right to terminate Executive, or Executive’s right to resign, at any
time for any or no reason. Executive also understands that he is bound by all employment rules, policies, and procedures applicable to Executives of the Company. 

  
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 4. Non-Disclosure and Non-Solicitation. Executive understands and agrees that Executive currently
has, and in connection with the retention hereunder, will continue to acquire additional information of a proprietary and/or confidential nature relating to the business of the Company and its Affiliates. Executive further understands that Executive
would not be allowed to gain access to proprietary and/or confidential information without the promises and agreements contained in this Section 4. 
 (a) Non-Disclosure Generally. Executive acknowledges and agrees that, in Executive’s capacity as an Executive of the Company, Executive is obligated to maintain all such proprietary and/or
confidential information in the strictest confidence and not to use such information in any way except in the course and scope of properly carrying out Executive’s duties to the Company. Without in any way limiting the foregoing, Executive
hereby expressly confirms agreement to follow all Company policies and procedures, including the Code of Conduct, the Confidentiality Procedures, and the Data Privacy Procedures. 

(b) Non-Disclosure of Agreement. Executive agrees that the existence of this Agreement and the terms hereof are confidential.
Executive agrees, given the confidential and sensitive nature of this Agreement, to keep this Agreement strictly confidential and not to publish or disclose, or authorize anyone else to publish or disclose, either its terms or existence to any party
other than Executive’s family, attorney, or accountant, unless such disclosure is required by law or regulation. 
 (c)
Non-Solicitation. Executive agrees that, during Executive’s employment with the Company or any Affiliate and for a period of twelve (12) months thereafter, Executive will not, directly or indirectly, either as an Executive,
employer, independent contractor, consultant, agent, principal, partner, stockholder, officer, director, or in any other individual or representative capacity either for his own benefit or the benefit of any other person or entity, solicit, recruit,
induce, encourage or in any way cause any Executive of the Company or an Affiliate to terminate his employment with the Company or such Affiliate. 
 5. Injunctive Relief. Executive understands that in the event of Executive’s violation of the provisions of Section 4, the Company and/or its Affiliates, will suffer immediate and
irreparable harm and that monetary damages alone will be inadequate to compensate the Company, or its Affiliates, for such violation. Accordingly, Executive agrees that the Company, and or its Affiliates, will, in addition to any other remedies
available to it at law or in equity, be entitled to temporary, preliminary, and permanent injunctive relief and specific performance to enforce the provisions of Section 4 without the necessity of proving inadequacy of legal remedies or
irreparable harm or posting bond. 
 6. Beneficiary Designation. Executive may name any beneficiary or beneficiaries (who may be named
contingently or successively) to receive the Retention Bonus granted under this Agreement in case of Executive’s death before such payment. Each such designation shall be in a form prescribed by the Company, and shall be effective only
when filed by the Executive with the Company during the Executive’s lifetime. In the absence of any such beneficiary designation, benefits payable, or rights exercisable, following Executive’s death shall be paid or exercised by the
Executive’s executor, administrator, or legal representative. 

  
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 7. Assignment. No right of the Executive hereunder may be assigned, sold, transferred, pledged,
hypothecated or otherwise disposed of and any attempt to effect any such assignment, sale, transfer, pledge, hypothecation or disposition shall be null and void and of no force or effect whatsoever. This Agreement is assignable by the Company to any
Affiliate or to a non-affiliated successor in interest. 
 8. Withholding. Executive understands and agrees that the Company may withhold
from any amounts payable under this Agreement such federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation as well as any amounts owed to the Company by Executive on any Company issued or
sponsored travel or credit cards or any other expenses or payments for which the Company is entitled to be reimbursed. 
 9. Governing
Law. This Agreement shall be governed, construed, interpreted, and administered in accordance with the laws of the State of Texas. This Agreement is being entered into and shall be performed, in whole or in part, in Dallas County, Texas, and the
parties hereby acknowledge and agree that, in any dispute involving or arising under this Agreement, venue shall be in the appropriate court in Dallas County, Texas. 
 10. Severability. In the event any provision of this Agreement shall be held invalid, illegal or unenforceable, in whole or in part, for any reason, such determination shall not affect the
validity, legality, or enforceability of any remaining provision or portion of any provision, which shall remain in full force and effect as if this Agreement had not contained the invalid, illegal, or unenforceable provision or portion. 

11. Retention Bonus Not Benefit Eligible. Executive understands and agrees that the Retention Bonus shall be considered as extraordinary, special
incentive compensation, and it will not be included as “earnings,” “wages,” “salary” or “compensation” in any pension, welfare, life insurance, or other Executive benefit plan or arrangement of the Company.

 12. Entire Agreement, Modification, and Waiver. This Agreement contains the entire understanding of the parties regarding the subject
matter hereof, and it may not be amended or modified other than by a written agreement executed by the parties, nor may a provision hereof be waived except by a writing signed by the party waiving such provision. 

13. Headings. Headings of the several sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or
construction of any of the provisions hereof. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	ONCOR ELECTRIC DELIVERY COMPANY
LLC
		
	By:	 	 /s/ Robert S. Shapard

		 	Robert S. Shapard
		 	Chairman of the Board and Chief Executive
	
	ONCOR O&C COMMITTEE
		
	By:	 	 /s/ Richard W. Wortham, III

		 	Richard W. Wortham, III
		 	Chair
	
	EXECUTIVE
	
	 E. Allen Nye, Jr.

	E. Allen Nye, Jr.

  
 5EX-10.T

 Exhibit 10(t) 
 ONCOR ELECTRIC DELIVERY COMPANY LLC 
 LONG-TERM INCENTIVE PLAN

 SECTION 1. PURPOSE: The purpose of this Oncor Electric Delivery Company LLC Long-Term Incentive Plan is to provide the
Company’s executive officers and other select key employees with the opportunity to earn cash-based long-term incentive compensation contingent upon the Company’s or Participant’s attainment of pre-established performance objectives
and the Participant’s completion of designated service periods. Consistent with the authority and discretion reserved under Section 4, the Plan Administrator may designate eligible Participants pursuant to Section 5 and establish the
applicable Performance Goals and terms and conditions of Long-Term Incentive Awards pursuant to Section 6. The Board may amend or terminate the Plan, or any outstanding Long-Term Incentive Award, in accordance with the procedures and
limitations described in Section 9. 
 SECTION 2. EFFECTIVE DATE: The Plan is effective as of January 1, 2013. 

SECTION 3. DEFINITIONS: As used in this Plan, unless the context otherwise requires, each of the following terms shall have the meaning set forth
below. 
  

	 	(a)	“Affiliate” means with respect to any person (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934) , any entity
directly or indirectly controlling, controlled by or under common control with such person. 

  

	 	(b)	“Board” shall mean the Board of Directors of the Company. 

 

	 	(c)	“Cause” shall have the meaning as defined in any employment agreement or change-in-control agreement in effect at the time of termination of employment
between the Participant and the Company or any of its subsidiaries or Affiliates, or, if there is no such employment or change-in-control agreement, “Cause” means, with respect to a Participant: (i) if, in carrying out his or her
duties to the Company, Participant engages in conduct that constitutes (a) a breach of his or her fiduciary duty to the Company, its subsidiaries or its shareholders, (b) gross neglect or (c) gross misconduct resulting in material
economic harm to the Company and its subsidiaries, taken as a whole, or (ii) upon the indictment of the Participant, or the plea of guilty or nolo contendere by Participant to, a felony or a misdemeanor involving moral turpitude.

	 	(d)	“Change in Control” means, in one or a series of related transactions, (i) the sale of all or substantially all of the consolidated assets or
capital stock of Energy Future Holdings Corp. (“EFH”), Oncor Electric Delivery Company Holdings LLC (“Oncor Holdings”), or the Company to a person (or group of persons acting in concert) who is not an Affiliate of any member of
the Sponsor Group; (ii) a merger, recapitalization or other sale by EFH, any member of the Sponsor Group or their Affiliates, to a person (or group of persons acting in concert) of the common stock of EFH no par value (“EFH Common
Stock”) that results in more than 50% of EFH Common Stock (or any resulting company after a merger) being held by a person (or group of persons acting in concert) that does not include any member of the Sponsor Group or any of their respective
Affiliates; or (iii) a merger, recapitalization or other sale of common stock by EFH, any member of the Sponsor Group or their Affiliates, after which the Sponsor Group owns less than 20% of the common stock of, and has the ability to
appoint less than a majority of the directors to the board of directors of, EFH (or any resulting company after a merger); and with respect to any of the events described in clauses (i) and (ii) above, such event results in any person (or
group of persons acting in concert) gaining control of more seats on the board of directors of EFH than the Sponsor Group; provided, however, that notwithstanding the foregoing, (x) clause (i) above shall be deemed not to include any
reference to EFH, and clauses (ii) and (iii) shall not apply, in each case, for the purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions upon Transfers of Company Units or
equity units of Oncor Holdings, (y) clause (i) above shall be deemed not to include any reference to Oncor Holdings for the purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions
upon Transfers of Company Units and (z) clause (i) above shall be deemed not to include any reference to the Company for the purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions
upon Transfers of equity units of Oncor Holdings. For this purpose, “Transfers” means to, directly or indirectly, transfer, sell, assign, pledge, hypothecate, or otherwise dispose of Company Units and “Company Units” means equity
interests in the Company or any Affiliate of the Company (the material assets of which consist only of its direct or indirect interest in the Company, or the assets of the Company) used for the purposes of effecting a public offering of the vehicle
holding the assets of the Company. Notwithstanding the foregoing, should a Change in Control occur under clauses (i) through (iii) above with respect to the assets or capital stock of EFH, a Change in Control will not be deemed to have
occurred unless such Change in Control would result in the material amendment or interference with the Separateness Undertakings under Section 10(i)(vi) of the Second Amended and Restated Limited Liability Company Agreement of the Company and
any amendments thereto (the “LLC Agreement”), or would adversely change or modify the definition of an Independent Director under Schedule A to the LLC Agreement. 

  
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	 	(e)	“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any references to a particular section of the Code shall be
deemed to include any successor provision thereto. 

  

	 	(f)	“Company” shall mean Oncor Electric Delivery Company LLC and any successor or assignee corporation. 

 

	 	(g)	“Disability” shall mean that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. 

  

	 	(h)	“Eligible Employee” shall mean an executive officer or other key employee of the Company or any subsidiary who the Plan Administrator designates as
eligible to participate in the Plan. 

  

	 	(i)	“Good Reason” shall have the meaning as defined in any employment agreement or change-in-control agreement in effect at the time of termination of
employment between the Participant and the Company or any of its subsidiaries or Affiliates, or, if there is no such employment or change-in-control agreement, “Good Reason” means, with respect to a Participant: (i) a reduction in the
Participant’s base salary or the Participant’s annual incentive compensation opportunity (other than a general reduction in base salary or annual incentive compensation opportunities that affects all salaried employees of the Company
equally); (ii) a transfer of the Participant’s primary workplace by more than thirty-five (35) miles from the current workplace; or (iii) a substantial and sustained adverse change in the Participant’s duties and
responsibilities. 

  

	 	(j)	“Long-Term Incentive Award” shall mean the cash award to which the Participant may become entitled with respect to a particular Performance Period on
the basis of the Company’s or Participant’s attainment of the Performance Goals that the Plan Administrator establishes for that Performance Period. 

 

	 	(k)	“Participant” shall mean an Eligible Employee selected by the Plan Administrator as eligible to receive one or more Long-Term Incentive Awards under
the Plan. 

  

	 	(l)	 “Performance Goals” shall mean one or more specific performance objectives designated by the Plan Administrator that must be satisfied
during a particular Performance Period for an affected Participant to become entitled to a Long-Term Incentive Award for the Performance Period. Performance Goals may be designated with respect to the Company as a whole, or one or more operating
units or groups, and may be determined on an absolute basis or relative to internal goals, or relative to levels attained in prior years, or relative to other companies or indices, or as ratios expressing relationships between two or more
Performance Goals, in each case as the Plan Administrator may determine. Unless otherwise specified by the Plan Administrator in connection with the establishment of a Performance Goal, a Performance Goal shall be adjusted by the Plan Administrator
to the extent necessary to prevent unintended dilution or enlargement of any Long-Term Incentive Award as a result of (i) extraordinary 

  
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events or circumstances or to exclude the effects of extraordinary, unusual, or non-recurring items, (ii) changes in applicable laws, regulations, or accounting principles,
(iii) currency fluctuations, (iv) discontinued operations, (v) asset impairment, or (vi) any recapitalization, restructuring, reorganization, merger, acquisition, divestiture, consolidation, spin-off, split-up, combination,
liquidation, dissolution, sale of assets, or other similar corporate transaction, in each case as determined by the Plan Administrator. 

  

	 	(m)	“Performance Period” shall mean the period established by the Plan Administrator over which performance is measured in relation to the Performance
Goals. Unless determined otherwise by the Plan Administrator in its discretion, the Performance Period shall be the 36-month period beginning each January 1. 

 

	 	(n)	“Plan” shall mean this Oncor Electric Delivery Company LLC Long-Term Incentive Plan, as amended and restated from time to time.

  

	 	(o)	“Plan Administrator” shall mean the Organization & Compensation Committee or such other committee designated by the Board to administer the
Plan. If no committee is appointed, Plan Administrator shall mean the Board. 

  

	 	(p)	“Retirement” shall mean a Participant’s separation from service on or after age 55 with at least fifteen (15) years of accredited service
with the Company. 

  

	 	(q)	“Separation from Service” shall mean a complete termination of employment or permanent reduction in service level of at least 80% by the Participant
with respect to the Company or any Affiliate, as determined pursuant to the requirements of section 409A of the Code. 

  

	 	(r)	“Sponsor Group” means the investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P., TPG Capital, L.P. and Goldman, Sachs &
Co. 

  

	 	(s)	“Termination following a Change in Control” shall mean a Separation from Service within two years after a Change in Control that is:

  

	 	(i)	initiated by the Company for any reason other than for Cause; or 

  

	 	(ii)	initiated by the Participant for Good Reason. 

SECTION 4. ADMINISTRATION: The Plan shall be administered by the Plan Administrator, which shall have the full power and authority to administer
the Plan, including, but not limited to, the power and authority to (a) select the Eligible Employees who are to participate in the Plan, (b) interpret the Plan, (c) prescribe, amend, and rescind rules and regulations relating to the
Plan, (d) determine the terms and conditions of Long-Term Incentive Awards, (e) determine the entitlement to benefits hereunder and the amount of any such benefit entitlement, and (f) make all other determinations deemed necessary or
advisable for the administration of the Plan. In exercising its discretion, the Plan Administrator may use such objective or subjective factors as it determines to be appropriate in its sole discretion. The determinations of the Plan Administrator
pursuant to its authority under the Plan shall be conclusive and binding. The Plan Administrator may delegate to one or more officers of the Company the authority, subject to the terms and conditions as the Plan Administrator shall determine, to
grant Long-Term Incentive Awards to employees who are not executive officers of the Company. 

  
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 SECTION 5. PARTICIPATION: 

 

	 	(a)	Eligibility. The Plan Administrator shall have absolute discretion in selecting the Eligible Employees who are to participate for each Performance Period
implemented under the Plan. The initial Participants for each Performance Period shall be selected not later than the 90th day after the commencement date of that Performance Period. The Plan Administrator may select additional Participants for the
Performance Period after such 90 day period, provided, however, that the Plan Administrator may, in its sole discretion, pro-rate the Long-Term Incentive Award that the Participant may earn for that Performance Period, to reflect the
Participant’s actual period of service during that Performance Period. Unless otherwise specifically determined by the Plan Administrator, individuals hired or promoted during a Performance Period into positions that qualify for Plan
participation (“Newly Eligible Employees”) will begin participating in the Plan for the Performance Period which starts following hire or promotion. However, the Plan Administrator may designate a Newly Eligible Employee to participate in
one or more open Performance Periods on a full basis or on a pro-rated basis based on the Newly Eligible Employee’s date of hire or promotion. 

  

	 	(b)	Cessation of Participation. The Plan Administrator shall have complete discretion to exclude one or more individuals from Participant status for one or more
subsequent Performance Periods implemented under the Plan. If any individual is excluded from Participant status for one or more Performance Periods, then such individual shall not be entitled to any Long-Term Incentive Award for those Performance
Periods. 

 SECTION 6. LONG-TERM INCENTIVE AWARDS: 

 

	 	(a)	Timing and Nature of Awards. The Plan Administrator shall have complete discretion to implement one or more Performance Periods under the Plan. The Plan
Administrator shall, within the first 90 days of each Performance Period, establish the specific Performance Goals that must be attained for that Performance Period. For each Performance Goal, the Plan Administrator may set threshold, target, and
above-target levels of attainment. The Plan Administrator shall then establish for each Participant compensation levels for the Long-Term Incentive Award to which he or she may become entitled for that Performance Period based on the level at which
each Performance Goal is actually attained. Such compensation levels may be a specified dollar amount or tied to a percentage or multiple of the annual rate of base salary in effect for the Participant for the applicable Performance Period. The
maximum Long-Term Incentive Award payable for a Performance Period shall not exceed 150% of the target Long-Term Incentive Award compensation level. 

  
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	 	(b)	Determination of Award Amount. As soon as practicable, but not later than 90 days following the completion of the Performance Period, the Plan
Administrator shall determine the actual level of attainment of each Performance Goal established for that Performance Period and shall then measure and certify that level of attainment against the levels of attainment established for that
Performance Goal. Except to the extent determined otherwise by the Plan Administrator at the time each Performance Goal is established, to the extent the actual level of attainment for any Performance Goal is at a point between two of the levels
established by the Plan Administrator, the compensation amount attributable to that Performance Goal shall be determined by linear interpolation between the two specified compensation levels on a straight-line basis. On the basis of the foregoing
measurements and certification, the Plan Administrator shall determine the actual Long-Term Incentive Award for each Participant entitled to a Long-Term Incentive Award for the Performance Period. 

SECTION 7. PAYMENT OF LONG-TERM INCENTIVE AWARDS: 
  

	 	(a)	Payment. The Participant’s Long-Term Incentive Award, if any, shall be paid on or about April 1 following the end of the Performance Period, but in no
event later than the end of the calendar year following the end of the applicable Performance Period, provided that except as otherwise specified in this Section 7, a Participant must remain continuously employed by the Company through the last
day of the Performance Period to receive a Long-Term Incentive Award for the Performance Period. Amounts paid pursuant to the Plan are extraordinary compensation and are not benefits eligible (i.e., payments under the Plan are excluded from eligible
compensation for purposes of determining retirement, thrift savings, life insurance benefits, etc.). 

  

	 	(b)	Separation After the End of the Performance Period. If a Participant is employed by the Company on the last day of the Performance Period, and the
Participant’s employment with the Company terminates for any reason other than by the Company for Cause prior to payment of the Long-Term Incentive Award for such closed Performance Period, the Participant will receive the Long-Term Incentive
Award (if any) for such closed Performance Period at the same time as paid to current employees. Notwithstanding anything to the contrary, a Participant will forfeit any unpaid Long-Term Incentive Award upon a termination for Cause.

  

	 	(c)	Termination for Reasons Other Than Death, Disability, Retirement, or Termination following a Change in Control. Upon a Participant’s Separation from
Service for reasons other than the Participant’s death, Disability, Retirement, or a Termination following a Change-in-Control, except as provided in subsection (b) above, all of the Participant’s outstanding and unpaid Long-Term
Incentive Awards shall be canceled, and the Participant shall have no further rights of any kind with respect to such Long-Term Incentive Awards as of the Participant’s termination date unless otherwise specified by the Plan Administrator in
its sole and absolute discretion. 

  

  
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	 	(d)	Termination Due to Death, Disability, or Retirement. If a Participant has a Separation from Service due to death, Disability, or Retirement (other than a
Retirement that also is a Termination following a Change in Control), the Participant, or the Participant’s beneficiary in the case of death, shall be entitled to an amount, for each outstanding and unpaid Long-Term Incentive Award, equal to
the product of: (i) a fraction, the numerator of which is the number of days in the Performance Period up to and including the date of the Participant’s Separation from Service and the denominator of which is the number of days in the
entire Performance Period; and (ii) the Long-Term Incentive Award based on actual performance, which amount shall be paid at the same time as paid to current Participants. 

 

	 	(e)	Termination following a Change in Control. In the event of a Participant’s Termination following a Change in Control, the Participant shall be entitled to
an amount, for each outstanding and unpaid Long-Term Incentive Award, equal to the product of: (i) a fraction, the numerator of which is the number of days in the Performance Period up to and including the date of the Participant’s
Separation from Service and the denominator of which is the number of days in the entire Performance Period; and (ii) the Long-Term Incentive Award based on target performance, which amount shall be paid within 60 days following the
Participant’s Separation from Service. 

 SECTION 8. BENEFICIARY DESIGNATION: A Participant may designate one or more
beneficiaries to receive the Participant’s Long-Term Incentive Awards in the event of the Participant’s death, by filing a form prescribed by the Plan Administrator with the Plan Administrator. If the Participant does not name a
beneficiary and the Participant has a surviving spouse, the Participant’s death benefit will be paid to the Participant’s surviving spouse. If the Participant does not name a beneficiary and the Participant does not have a surviving
spouse, the Participant’s death benefit will be paid to the Participant’s estate. 
 SECTION 9. TERMINATION AND AMENDMENT: The
Board may at any time and from time to time alter, amend, suspend, or terminate the Plan or any Long-Term Incentive Award granted pursuant to the Plan in whole or in part, provided, however, that no such termination or amendment may, without the
consent of the applicable Participant, terminate or adversely affect any material right or material obligation under a Long-Term Incentive Award previously granted under the Plan, except to bring the Plan and/or a Long-Term Incentive Award into
compliance with the requirements of section 409A of the Code or to qualify for an exemption under such section. Notwithstanding the foregoing, upon a Change in Control, the Board may, in its discretion, terminate the Plan and cancel all
outstanding and unpaid Long-Term Incentive Awards, provided that such termination complies with the requirements of Code section 409A. Upon a termination of the Plan in connection with a Change in Control, Participants shall be entitled to an
amount, for each outstanding and unpaid Long-Term Incentive Award, equal to the product of: (i) a fraction, the numerator of which is the number of days in the Performance Period up to and including the date of the Plan termination and the
denominator of which is the number of days in the entire Performance Period; and (ii) the Long-Term Incentive Award based on target performance, which amount shall be paid within 90 days following the Plan termination. 

  
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 SECTION 10. MISCELLANEOUS: 

 

	 	(a)	No Right to Long-Term Incentive Awards. No person shall have any claim to be granted any Long-Term Incentive Award under the Plan, and there is no obligation for
uniform treatment of Eligible Employees under the Plan. The terms and conditions of Long-Term Incentive Awards need not be the same with respect to different Participants. 

 

	 	(b)	No Right to Employment. The grant of a Long-Term Incentive Award shall not be construed as giving a Participant the right to be retained in the employ of the
Company or an Affiliate. The Company may at any time terminate an employee’s employment free from any liability or any claim under the Plan, unless otherwise provided in the Plan or in the written terms of a Long-Term Incentive Award.

  

	 	(c)	Benefits Not Funded. The obligation to pay each Participant’s Long-Term Incentive Award shall at all times be an unfunded and unsecured obligation of the
Company. The Company shall not have any obligation to establish any trust, escrow arrangement, or other fiduciary relationship for the purpose of segregating funds for the payment of the Long-Term Incentives Awards which become payable under the
Plan, nor shall the Company be under any obligation to invest any portion of its general assets in mutual funds, stocks, bonds, securities, or other similar investments in order to accumulate funds for the satisfaction of its respective obligations
under the Plan. The Participant (or his or her beneficiary) shall look solely and exclusively to the general assets of the Company for the payment of his or her Long-Term Incentive Award. The interest of each Participant (and his or her beneficiary)
in any benefits that become payable under the Plan shall be no greater than that of an unsecured creditor of the Company. 

  

	 	(d)	Withholding. The Plan Administrator may make such provisions and take such steps as it may deem necessary and appropriate for the withholding of any taxes that
the Company is required by law or regulation of any governmental authority, whether federal, state, local, domestic, or foreign, to withhold in connection with the grant, payment, or removal of restrictions of a Long-Term Incentive Award, including,
but not limited to, requiring the Participant to remit to the Company an amount sufficient to satisfy such withholding requirements in cash or withholding cash due or to become due with respect to the Long-Term Incentive Award at issue.

  

	 	(e)	Severability. If any provision of the Plan or any Long-Term Incentive Award is, becomes, or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or would disqualify the Plan or any Long-Term Incentive Award under any law deemed applicable by the Plan Administrator, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed
or deemed amended without, in the determination of the Plan Administrator, materially altering the purpose or intent of the Plan or the Long-Term Incentive Award, such provision shall be stricken as to such jurisdiction or Long-Term Incentive Award,
and the remainder of the Plan or such Long-Term Incentive Award shall remain in full force and effect. 

  
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	 	(f)	Satisfaction of Claims. Any payment made to a Participant or his or her legal representative, beneficiary, or estate in accordance with the terms of this Plan
shall to the extent thereof be in full satisfaction of all claims with respect to that payment which such person may have against the Plan, the Plan Administrator (or its designate), or the Company (or any parent or subsidiary), any of whom may
require the Participant or his or her legal representative, beneficiary, or estate, as a condition precedent to such payment, to execute a receipt and release in such form as shall be determined by the Plan Administrator. 

 

	 	(g)	Successors and Assigns. The obligation of the Company to make the payments required hereunder shall be binding upon the successors and assigns of the Company,
whether by merger, consolidation, acquisition, or other reorganization. 

  

	 	(h)	Nonassignability. Unless otherwise determined by the Plan Administrator, no Participant or beneficiary may sell, assign, transfer, discount, pledge as collateral
for a loan, or otherwise anticipate any right to payment under the Plan other than by will or by the applicable laws of descent and distribution. 

  

	 	(i)	Indemnification. In addition to such other rights of indemnification as members of the Board or the Plan Administrator or officers or employees of the Company or
an Affiliate to whom authority to act for the Board or Plan Administrator is delegated may have, such individuals shall be indemnified by the Company against all reasonable expenses, including attorneys’ fees, incurred in connection with the
defense of any action, suit, or proceeding, or in connection with any appeal thereof, to which any such individual may be a party by reason of any action taken or failure to act under or in connection with the Plan or any right granted hereunder and
against all amounts paid by such individual in a settlement thereof that is approved by the Company’s legal counsel or paid in satisfaction of a judgment in any such action, suit, or proceeding, except in relation to matters as to which it
shall be adjudged that such person is liable for gross negligence, bad faith, or intentional misconduct, provided, however, that any such individual shall give the Company an opportunity, at its own expense, to defend the same before such individual
undertakes to defend such action, suit, or proceeding. 

  

	 	(j)	Headings. Headings are given to the Sections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material
or relevant to the construction or interpretation of the Plan or any provisions thereof. 

  

	 	(k)	Applicable Law. This Plan shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its principles of conflict of
laws. 

  

	 	(l)	 Section 409A. This Plan is intended to comply with the applicable requirements of section 409A of the Code and its corresponding
regulations and related guidance (“Section 409A”), and shall be administered in accordance with Section 409A to the extent Section 409A applies to the Plan. Notwithstanding anything in the Plan to the contrary, distributions from
the Plan can only be made in a manner and upon an event permitted by Section 409A, to the extent applicable. All payments to be made upon a termination of employment under this Plan may only

  
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be made upon a “separation from service” under Section 409A. For purposes of the limitations on nonqualified deferred compensation under Section 409A, each payment of
compensation under this Plan shall be treated as a separate payment of compensation. Notwithstanding anything in this Plan to the contrary, if the Participant is a “specified employee” of a publicly traded corporation under
Section 409A and if payment of any amount under this Plan is required to be delayed for a period of six months after Separation from Service pursuant to Section 409A, payment of such amount shall be delayed as required by
Section 409A, and the accumulated postponed amount shall be paid in a lump sum payment within ten days after the end of the six-month period (or within 60 days after death, if earlier). In no event may the Participant, directly or indirectly,
designate the calendar year of a payment. No action or failure to act pursuant to this Section shall subject the Company or any Affiliate thereof to any claim, liability, or expense, and neither the Company nor any Affiliate thereof shall have any
obligation to indemnify or otherwise protect the Participant from the obligation to pay any taxes pursuant to Section 409A. 

  
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