Document:

New Retirement Benefit Restoration Plan

 Exhibit 10.9 
  
 DOMINION RESOURCES, INC. 
  
 NEW RETIREMENT BENEFIT RESTORATION PLAN 
  
 Effective January 1, 2005 

 DOMINION RESOURCES, INC. 
 NEW RETIREMENT BENEFIT RESTORATION PLAN 
  
 Purpose 
  
 The Board of Directors of Dominion
Resources, Inc. determined that the adoption of the New Retirement Benefit Restoration Plan effective January 1, 2005 would assist it in attracting and retaining those employees whose judgment, abilities and experience would contribute to its
continued progress. The Plan is intended to be a plan that is unfunded and maintained primarily for the purpose of providing deferred compensation for a “select group of management or highly compensated employees” (as such phrase is used
in the Employee Retirement Income Security Act of 1974). 
  
 The
Plan is intended to qualify under the provisions of Code Section 409A and any regulations and other guidance under that section. The Plan shall be interpreted to qualify under Code Section 409A. 
  
 Article I 
  
 Definitions 
  
 As defined herein, the following phrases or terms shall have the indicated
meanings: 
  
 1.1 “Administrative Benefit Committee”
means the Administrative Benefit Committee of Dominion Resources, Inc., which shall manage and administer the Plan in accordance with the provisions of Article XI. 
  
 1.2 “Affiliate” means any entity that is (i) a member of a controlled group of corporations as defined in Section
1563(a) of the Code, determined without regard to Code Sections 1563(a)(4) and 1563(e)(3)(C), of which Dominion Resources, Inc. is a member according to Code Section 414(b); (ii) an unincorporated trade or business that is under common control with
Dominion Resources, Inc., as determined according to Code Section 414(c); or (iii) a member of an affiliated service group of which Dominion Resources, Inc. is a member according to Code Section 414(m). 
  
 1.3 “Annuity” means either a Single Life Annuity or a Joint and
Survivor Annuity. 
  
 1.4 “Beneficiary” means the
individual, individuals, entity, entities or the estate of a Participant which, in accordance with the provisions of Article V, is entitled to receive the benefits payable under the Plan, if any, upon the Participant’s death. 
  
 1.5 “Benefit Agreement” means any agreement between the Company and
a Participant or any declaration by the Company under which a Participant is to be provided one or more Benefit Enhancements. 
  

 1 

 1.6 “Benefit Enhancement” means the crediting of deemed additional years of age or service, the
use of a different definition of any factor used to calculate benefits, different eligibility provisions, or any other provision that enhances the benefit that would otherwise be payable under the Retirement Plan as provided in a Benefit Agreement.

  
 1.7 “Change in Control” means with regard to each
Participant at any time an event that constitutes a “Change in Control” for purposes of the Employment Continuity Agreement between the Participant and Dominion Resources, Inc. as in effect at that time, if any. 
  
 1.8 “Code” means the Internal Revenue Code of 1986, as amended.

  
 1.9 “Company” means Dominion Resources, Inc., its
predecessor, a subsidiary or an Affiliate. 
  
 1.10 “Eligible
Employee” means an individual (i) who is employed by Dominion Resources, Inc. or an Affiliate, (ii) who is a member of management or a highly compensated employee, and (iii) whose Retirement Plan benefit accrued after December 31, 2004 is or
has been reduced or limited by Code Section 401(a)(17), Code Section 415, or both. 
  
 1.11 “Joint and Survivor Annuity” means an annuity which is the actuarial equivalent of the Monthly Benefit under which an amount is payable for the lifetime of the Participant with a survivor annuity for
the lifetime of his surviving Spouse. A 50% Joint and Survivor Annuity provides a benefit to the surviving Spouse that is equal to 50% of the amount payable during the joint lives of the Participant and the Spouse. A 100% Joint and Survivor Annuity
provides a benefit to the surviving Spouse that is equal to 100% of the amount payable during the joint lives of the Participant and the Spouse. 
  
 1.12 “Lump Sum Equivalent” means a single lump sum payment that is actuarially determined as the amount required to purchase a commercial
annuity that would provide an after-tax monthly payment equal to the after-tax amount of the Monthly Benefit. The actuarial determination shall be computed using actuarial and other factors, adjusted annually, as determined by the Administrative
Benefit Committee. The after-tax amounts shall be based on Federal income and FICA tax rates and the state income tax rate for the residence of the Participant at the date of the payment, as determined by the Administrative Benefit Committee.

  
 1.13 “Monthly Benefit” means the monthly amount
determined under Section 3.1(a) used for purposes of calculating the Lump Sum Equivalent. 
  
 1.14 “OCN Committee” means the Organization, Compensation and Nominating Committee of the Board of Directors of Dominion Resources, Inc. 
  
 1.15 “Participant” means an Eligible Employee who is designated by the OCN Committee to participate in the Plan.

  
 1.16 “Plan” means the Dominion Resources, Inc. New
Retirement Benefit Restoration Plan. 
  

 2 

 1.17 “Potential Change in Control” means with regard to each Participant at any time an event
that constitutes a “Potential Change in Control” for purposes of the Employment Continuity Agreement between the Participant and Dominion Resources, Inc. as in effect at that time, if any. 
  
 1.18 “Retirement” and “Retire” mean a Participant’s
termination of employment with the Company at a time when the Participant is entitled to begin receiving an immediate annuity benefit under the Retirement Plan (regardless of whether the Participant actually elects to begin receiving an immediate
annuity benefit), or would be entitled to begin receiving an immediate annuity if any Benefit Enhancement were applied under the Retirement Plan, and which also constitutes a separation from service for purposes of Code Section 409A. 
  
 1.19 “Retirement Plan” means with regard to each Participant a
defined benefit pension plan that is qualified under Code Section 401(a), that is maintained by Dominion Resources, Inc. or an Affiliate, and in which the Participant participates. 
  
 1.20 “Single Life Annuity” means an annuity of the Monthly Benefit payable in monthly installments for the
Participant’s lifetime with no survivor benefits. 
  
 1.21
“Spouse” means the person to whom a Participant is legally married at the date on which a Joint and Survivor Annuity commences. 
  
 1.22 “Totally and Permanently Disabled” means a condition that renders a Participant disabled for purposes of Code Section 409A(a)(2)(C).

  
 Article II 
  
 Participation 
  
 An Eligible Employee who is designated to participate in the Plan by the OCN
Committee shall become a Participant in the Plan as of the date specified by the OCN Committee on or after January 1, 2005. A Participant who remains an employee of the Company shall continue to participate in the Plan until (a) the OCN Committee
declares that he or she is no longer a Participant or (b) he or she is no longer an Eligible Employee, including by termination of employment other than Retirement. Except as otherwise specifically provided in the Plan, a Participant who cease to
participate in the Plan shall forfeit all rights to any benefits under the Plan. 
  
 Article III 
  
 Benefits 
  
 Subject to the provisions of
Articles VII and VIII, a Participant (or the Participant’s Beneficiary, if applicable) shall be entitled to benefits under this Plan as follows: 
  
 3.1 (a) The Monthly Benefit of a Participant who Retires shall be a monthly amount equal to (x) minus (y) minus (z) below where: 
  

	 	(x)  =	the benefit that would have been payable monthly to the Participant under the Retirement Plan but for the application of the limits set forth in Code Sections 401(a)(17) and 415 and
after the application of any Benefit Enhancements; 

  

 3 

	 	(y)  =	the benefit that the Participant is entitled to receive monthly under the Retirement Plan; and 

  

	 	(z)  =	if applicable, the benefit payable to the Participant under the Dominion Resources, Inc. Benefit Restoration Plan frozen as of December 31, 2004 expressed as a monthly benefit for
the life of the Participant. 

  
 (b) Except as
otherwise specifically provided, the Monthly Benefit under Section 3.1(a) shall be computed based on the same annuity form as the Participant’s annuity benefit is determined under the Retirement Plan. 
  
 3.2 Unless the Participant makes an election to receive an Annuity under
Section 3.3, the Monthly Benefit payable to a Participant under the Plan shall be paid in the form of the Lump Sum Equivalent. 
  
 3.3 In lieu of the Lump Sum Equivalent, a Participant may elect to receive an Annuity under the provisions of this Section 3.3. 
  
 (a) The Participant may elect to receive either a Single Life Annuity, a 50%
Joint and Survivor Annuity, or a 100% Joint and Survivor Annuity. 
  
 (b) If a Participant elects a Joint and Survivor Annuity and the Participant does not have a Spouse when the Participant Retires, the Participant’s Annuity shall be paid in the form of a Single Life Annuity. 
  
 (c) To receive an Annuity, a Participant must make an irrevocable election
within the first 30 days after the Participant became a Participant. The election must include the form of Annuity that will be paid. If a Participant does not make an irrevocable election to receive an Annuity within the first 30 days after
becoming a Participant, the Participant shall receive the Lump Sum Equivalent. 
  
 3.4 (a) If a Participant becomes Totally and Permanently Disabled prior to Retirement, the Participant shall be entitled to a Monthly Benefit equal to the amount described in Section 3.1. The Monthly Benefit shall be
payable as a Lump Sum Equivalent unless the Participant has made an election to receive an Annuity under Section 3.3. If the Participant has elected to receive an Annuity, the Monthly Benefit shall be payable in the form of Annuity chosen by the
Participant. 
  
 (b) If a Participant dies before the commencement
of benefit payments under this Plan, the Participant’s Beneficiary shall be entitled to the Lump Sum Equivalent that would have been payable to the Participant under Section 3.1 if the Participant had Retired on his or her date of death. The
amount payable shall be determined as of the date of the Participant’s death. 
  

 4 

 (c) If a Participant dies after the commencement of a Joint and Survivor Annuity under this Plan and is
survived by the Participant’s Spouse, the Participant’s Spouse shall receive the survivor portion of the Joint and Survivor Annuity for the life of the Spouse. The payment to the Spouse shall begin with the first Annuity payment due after
the date of the Participant’s death. 
  
 (d) If the
Participant has received a Lump Sum Equivalent or if the Participant has commenced payments under a Single Life Annuity under this Plan, the Participant’s Beneficiary shall not be entitled to receive any benefit under this Plan after the
Participant’s death. 
  
 3.5 Payments under the Plan shall be
made at the times provided in this Section 3.5. 
  
 (a) The Lump
Sum Equivalent shall be distributed to the Participant as soon as administratively practicable after the date which is six months after the Participant’s Retirement. The Lump Sum Equivalent shall be distributed to the Participant’s
Beneficiary or Beneficiaries as soon as administratively practicable after the date of the Participant’s death. 
  
 (b) If a Participant makes an election to receive an Annuity, the Annuity shall commence on the first of the month that is at least six months after the
Participant’s Retirement. All future Annuity payments shall be made on the first of each succeeding month. 
  
 (c) Payment of the benefit described in Section 3.4(a) shall commence on (or as soon as practicable after) the first day of the month next following the
Administrative Benefit Committee’s determination of the Participant’s Total and Permanent Disability. 
  
 3.6 It is not intended that a Participant or Beneficiary receive duplicate benefits under this Plan. Anything herein to the contrary notwithstanding,
therefore, the following provisions shall apply after a Participant has received a payment of any benefits under this Plan: 
  
 (a) If a Participant ceases to be employed by the Company, receives a distribution of part or all of the benefits payable under this Plan,
and is subsequently reemployed by the Company, the amount of any benefit subsequently payable to the Participant from this Plan shall be appropriately adjusted to reflect the earlier distribution. 
  
 (b) Any adjustment under this Section 3.6 shall be made in
accordance with rules established by the Administrative Benefit Committee and applied in a uniform and nondiscriminatory manner. 
  
 3.7 All payments under the Plan shall be subject to any applicable payroll and withholding taxes. 
  

 5 

 Article IV 
  
 Coordination of Benefit Payments 
  
 Any amount payable to a Participant or a Beneficiary under the Plan may be paid in part or in whole from any trust which is
maintained by or on behalf of Dominion Resources, Inc. or an Affiliate or to which Dominion Resources, Inc or an Affiliate contributes, including without limitation any so-called “rabbi” or “secular” trust established from time
to time. Dominion Resources, Inc. shall have the complete discretion to determine the source of any payment due under the Plan to any Participant or Beneficiary. 
  
 Article V 
  
 Designation of Beneficiary 
  
 5.1 A Participant may designate a Beneficiary to receive benefits due under the Plan, if any, upon the Participant’s death. Designation of a
Beneficiary shall be made by execution of a form approved or accepted by the Administrative Benefit Committee. In the absence of an effective Beneficiary designation, a Participant’s surviving spouse, if any, and if none, the Participant’s
estate, shall be the Beneficiary. 
  
 5.2 A Participant may change
a prior Beneficiary designation made under Section 5.1 by a subsequent execution of a new Beneficiary designation form. The change in Beneficiary will be effective upon receipt by the Administrative Benefit Committee or its designee. 
  
 Article VI 
  
 Guarantees 
  
 The Company has only a contractual obligation to make payments of the
benefits described in Article III. All benefits paid by the Company are to be satisfied solely out of the general corporate assets of the Company, which assets shall remain subject at all times to the claims of its creditors. No assets of the
Company will be segregated or committed to the satisfaction of its obligations to any Participant or Beneficiary under this Plan. 
  
 Article VII 
  
 Termination of Employment 
  
 7.1 The Plan does not in any way limit the right of the Company at any time and for any reason to terminate either a Participant’s employment or a Participant’s status as an Eligible Employee. In no event
shall the Plan, by its terms or by implication, constitute an employment contract of any nature whatsoever between the Company and a Participant. 
  

 6 

 7.2 Except as otherwise provided in Section 7.3, a Participant (a) who ceases to be an Eligible Employee
while remaining employed by the Company or (b) whose employment with the Company terminates for any reason other than death, Retirement, or Total and Permanent Disability, shall in either case immediately cease to be a Participant under this Plan
and shall forfeit all rights under this Plan. In no event shall an individual who was a Participant but who is not a Participant at the time of such individual’s death, Retirement, or Total and Permanent Disability, be entitled to any benefit
under the Plan. A Participant on authorized leave of absence from the Company shall not be deemed to have terminated employment or to lose the status of an Eligible Employee solely as a result of such leave of absence. 
  
 7.3 Anything herein to the contrary notwithstanding, if a Participant is in
the employ of a Company on the date of a Change in Control or a Potential Change in Control relating to that Company, the provisions of the Employment Continuity Agreement between the Participant and Dominion Resources, Inc., if any, shall control
(a) the Participant’s subsequent participation in this Plan and (b) the eligibility for, computation of, and payment of any benefits under this Plan to the Participant. 
  
 Article VIII 
  
 Termination, Amendment or Modification of Plan 
  
 8.1 Except as otherwise specifically provided, Dominion Resources, Inc. reserves the right to amend, modify or terminate this Plan, wholly or partially,
at any time and from time to time by action of its Board of Directors or its delegate; provided, however, that: 
  
 (a) No such amendment, modification or termination may decrease the benefit that has already been earned by a Participant as of the date
of the change, except for an amendment required to comply with Code Section 409A; and 
  
 (b) If a Participant is in the employ of a Company on the date of a Change in Control or a Potential Change in Control relating to that
Company, the provisions of the Employment Continuity Agreement between the Participant and Dominion Resources, Inc., if any, shall apply to limit the ability of Dominion Resources, Inc. to amend, modify or terminate this Plan with regard to the
affected Participant unless the Participant agrees to such amendment, modification or termination in writing. 
  
 8.2 Section 8.1 notwithstanding, no action to terminate the Plan shall be taken except upon written notice to each Participant to be affected thereby,
which notice shall be given not less than thirty (30) days prior to such action. 
  
 8.3 Any notice which shall be or may be given under the Plan shall be in writing and shall be mailed by United States mail, postage prepaid. If notice is to be given to Dominion Resources, Inc., such notice shall be
addressed to the corporate offices and sent to the attention of the Corporate Secretary. If notice is to be given to a Participant, such notice shall be addressed to the Participant’s last known address. 
  

 7 

 8.4 Except as otherwise provided in Sections 7.3 and 8.1, upon the termination of this Plan, the Plan
shall no longer be of any further force or effect and neither Dominion Resources, Inc. nor any Participant or Beneficiary shall have any further obligation or right under this Plan. 
  
 8.5 Unless such action is prohibited by Section 8.1(b), the OCN Committee may revoke or rescind the designation of an
individual as a Participant at its discretion. The rights of any individual who was a Participant and whose designation as a Participant is revoked or rescinded by the OCN Committee shall cease upon such action. 
  
 Article IX 
  
 Other Benefits and Agreements 
  
 Except as provided in Section 3.1 and Article IV with regard to the
coordination of benefit payments, the benefits provided for a Participant and the Participant’s Beneficiary under the Plan are in addition to any other benefits available to such Participant under any other plan or program of the Company for
its employees, and, except as may otherwise be expressly provided for, the Plan shall supplement and shall not supersede, modify or amend any other plan or program of the Company in which a Participant is participating. 
  
 Article X 
  
 Restrictions on Transfer of Benefits 
  
 No right or benefit under the Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities, or torts of the person entitled to
such benefit. If any Participant or Beneficiary under the Plan should become bankrupt or attempt to anticipate, alienate, sell, assign, pledge, encumber or charge any right to a benefit hereunder, then such right or benefit, in the discretion of the
OCN Committee, shall cease and terminate, and, in such event, the OCN Committee may hold or apply the same or any part thereof for the benefit of such Participant or Beneficiary, his or her spouse, children, or other dependents, or any of them, in
such manner and in such portion as the OCN Committee may deem proper. 
  
 Article XI 
  
 Administration of the
Plan 
  
 11.1 The Plan shall be administered by the
Administrative Benefit Committee, which shall have the discretionary authority to interpret the terms of the Plan and to decide factual and other questions relating to the Participant and the Participant’s benefits, including without limitation
questions relating to eligibility for, calculation of, and payment of benefits under the Plan. Subject to the provisions of the Plan, the Administrative Benefit Committee may adopt such rules and regulations as it may deem necessary or desirable to
carry out the purposes of the Plan. The Administrative Benefit Committee’s interpretation and construction of any provision of the Plan shall be final, conclusive and binding upon the Company and upon Participants and their Beneficiaries.

  

 8 

 11.2 Dominion Resources, Inc. shall indemnify and save harmless each member of the Administrative Benefit
Committee and each member of the OCN Committee against any and all expenses and liabilities arising out of membership on the respective Committee, excepting only expenses and liabilities arising out of the member’s own willful misconduct.
Expenses against which a member of the OCN Committee or the Administrative Benefit Committee shall be indemnified hereunder shall include without limitation, the amount of any settlement or judgment, costs, counsel fees, and related charges
reasonably incurred in connection with a claim asserted, or a proceeding brought or settlement thereof. The foregoing right of indemnification shall be in addition to any other rights to which any such member may be entitled. 
  
 11.3 In addition to the powers specified in Section 11.1 and other provisions
of this Plan, the Administrative Benefit Committee shall have the specific discretionary authority to compute and certify the amount and kind of benefits from time to time payable to Participants and their Beneficiaries under the Plan, to authorize
all disbursements for such purposes, and to determine whether a Participant is Totally and Permanently Disabled so as to be entitled to a benefit under Section 3.4(a). 
  
 11.4 To enable the Administrative Benefit Committee to perform its functions, the Company shall supply full and timely
information to the Administrative Benefit Committee on all matters relating to the compensation of all Participants, their retirement, death or other cause for termination of employment, and such other pertinent facts as the Administrative Benefit
Committee may require. 
  
 11.5 Any responsibility or authority
given under this Plan to either the Administrative Benefit Committee or the OCN Committee may be delegated by the respective committee. Any such delegation shall be in writing and shall be prospectively revocable at any time. 
  
 11.6 (a) Every Participant, retired Participant, or Beneficiary of a
Participant shall be entitled to file with the Administrative Benefit Committee a claim for benefits under the Plan. The claim is required to be in writing. For purposes of this section, any action required or authorized to be taken by the claimant
may be taken by a representative authorized in writing by the claimant to represent the claimant. 
  
 (b) If the claim is denied by the Administrative Benefit Committee, in whole or in part, the claimant shall be furnished written notice of the denial of
the claim within ninety (90) days after the Administrative Benefit Committee’s receipt of the claim or within one hundred eighty (180) days after such receipt if special circumstances require an extension of time. If special circumstances
require an extension of time, the claimant shall be furnished written notice prior to the termination of the initial ninety-day period explaining the special circumstances that require an extension of time and the date by which the Administrative
Benefit Committee expects to render the benefit determination. 
  
 (c) Within sixty (60) days following the date the claimant receives written notice of the denial of the claim, the claimant may request the OCN Committee to review the 
  

 9 

 denial. For purposes of this section, any action required or authorized to be taken by the claimant may be taken by a
representative authorized in writing by the claimant to represent the claimant. 
  
 (d) The OCN Committee shall afford the claimant a full and fair review of the decision denying the claim and shall: 
  
 (i) Provide, upon request and free of charge, reasonable access to and copies of all documents, records and other information relevant to
the claim; 
  
 (ii) Permit the claimant to submit
written comments, documents, records and other information relating to the claim; and 
  
 (iii) Provide a review that takes into account all comments, documents, records and other information submitted by the claimant relating
to the claim, without regard to whether such information was submitted or considered in the initial determination. 
  
 (e) The decision on review by the OCN Committee shall be in writing and shall be issued within sixty (60) days following receipt of the request for
review. The period for decision may be extended to a date not later than one hundred twenty (120) days after such receipt if the Committee determines that special circumstances require extension. If special circumstances require an extension of
time, the claimant shall be furnished written notice prior to the termination of the initial sixty-day period explaining the special circumstances that require an extension of time and the date by which the Committee expects to render its decision
on review. 
  
 Article XII 
  
 Confidentiality and Noncompetition Provisions 
  
 12.1 By receiving a benefit under this Plan, a Participant agrees never
directly or indirectly to disclose to any third party or use for such Participant’s own personal benefit any confidential information or trade secret of the Company except and to the extent (a) disclosure is ordered by a court of competent
jurisdiction or (b) the information otherwise becomes public through no action of the Participant. 
  
 12.2 By receiving a benefit under this Plan, a Participant further agrees that for a period of one (1) year following termination of employment with the
Company for any reason, the Participant will not, without the specific written permission of the Company, be directly employed in, or otherwise provide services in any capacity to, any business or enterprise (including but not limited to the
Participant’s own business or enterprise) that engages in direct competition with the Company in any state in which the Company is at the time of the Participant’s termination of employment either carrying on business or actively
negotiating to enter business. 
  
 12.3 The OCN Committee (or its
delegate) in its sole discretion has the authority to interpret and administer this Article XII and to determine whether a business is in competition 
  

 10 

 with the Company as described in Section 12.2. In addition, a terminated Participant may request the OCN Committee to
determine in advance whether a specific contemplated business or enterprise would be in competition with the Company for purposes of Section 12.2, and a response shall be provided to the Participant within a reasonable time after all relevant
information is provided to enable the OCN Committee to make its determination. 
  
 12.4 If the OCN Committee determines that a terminated Participant who is receiving or has received benefits under this Plan is, within one (1) year following termination of employment and without the specific written
permission of the Company, directly employed in, or otherwise providing services in any capacity to, a business or enterprise that engages in direct competition with the Company in any state in which the Company is at the time of the
Participant’s termination of employment either carrying on business or actively negotiating to enter business, then (a) all payments to the Participant under this Plan shall cease, (b) the Participant and his or her Beneficiaries shall forfeit
all rights to any further payments under the Plan, and (c) the Participant shall be responsible for repaying to the Plan any payments already made to the Participant that represent (i) amounts paid or payable with regard to any period for which the
Participant was in competition with the Company as described herein and/or (ii) any amounts already paid that are in excess of the amount that would have been paid before the period of competition began as a Single Life Annuity to a Participant.

  
 12.5 As a condition to receiving payments under the Plan, the
OCN Committee may require that Participant to enter into a separate confidentiality and/or noncompetition agreement in a form acceptable to the Company. 
  
 Article XIII 
  
 Miscellaneous 
  
 13.1 The Plan shall inure to the benefit of, and shall be binding upon, Dominion Resources, Inc. and its successors and assigns, and upon a Participant, a Beneficiary, and either of their assigns, heirs, executors and
administrators. 
  
 13.2 To the extent not preempted by federal
law, the Plan shall be governed and construed under the laws of the Commonwealth of Virginia, without regard to its choice of law provisions. 
  
 13.3 Masculine pronouns wherever used shall include feminine pronouns and the use of the singular shall include the plural. 
  

 11New Deferred Compensation Plan

 Exhibit 10.10 
  
 DOMINION RESOURCES, INC. 
  
 NEW DEFERRED COMPENSATION PLAN 
  
  
  
  
 EFFECTIVE JANUARY 1, 2005 
  
  
  
 For the Participants of: 
  
 Dominion Resources, Inc.

 And Affiliates 

 TABLE OF CONTENTS 
  

			
	 Section

	  	Page

	 1. DEFINITIONS.
	  	1
		
	 2. PURPOSE.
	  	4
		
	 3. PARTICIPATION
	  	4
		
	 4. DEFERRED BENEFITS.
	  	5
		
	 5. MATCH BENEFITS.
	  	6
		
	 6. SPECIAL BENEFITS.
	  	7
		
	 7. TOOL KIT BENEFITS.
	  	7
		
	 8. INVESTMENT FUNDS.
	  	7
		
	 9. DISTRIBUTION ELECTION FORM.
	  	8
		
	 10. DISTRIBUTIONS.
	  	9
		
	 11. COMPANY’S OBLIGATION..
	  	12
		
	 12. CONTROL BY PARTICIPANT.
	  	12
		
	 13. CLAIMS AGAINST PARTICIPANT’S BENEFIT.
	  	12
		
	 14. AMENDMENT OR TERMINATION.
	  	12
		
	 15. ADMINISTRATION.
	  	12
		
	 16. NOTICES.
	  	13
		
	 17. WAIVER.
	  	13
		
	 18. CONSTRUCTION.
	  	13

  

 i 

 DOMINION RESOURCES, INC. 
  
 NEW DEFERRED COMPENSATION PLAN 
  
 1. DEFINITIONS. The following definitions apply to this Plan and to any related documents. 
  

	 	(a)	Account or Accounts means, collectively, a Participant’s Deferred Account, Match Account, Special Account, and Tool Kit Account. 

  

	 	(b)	Administrator means Dominion Resources Services, Inc. 

  

	 	(c)	Beneficiary or Beneficiaries means a person or persons or other entity that a Participant designates on a Beneficiary Designation Form to receive Benefit
payments. If a Participant does not execute a valid Beneficiary Designation Form, or if the designated Beneficiary or Beneficiaries fail to survive the Participant or otherwise fail to take the Benefit, the Participant’s Beneficiary or
Beneficiaries shall be the first of the following persons who survive the Participant: a Participant’s spouse (the person legally married to the Participant when the Participant dies); the Participant’s children in equal shares. If none of
these persons survive the Participant, the Beneficiary shall be the Participant’s estate. 

  

	 	(d)	Beneficiary Designation Form means the form that a Participant uses to name the Participant’s Beneficiary or Beneficiaries. 

  

	 	(e)	Benefit or Benefits means, collectively, a Participant’s Deferred Benefit, Match Benefit, Special Benefit, and Tool Kit Benefit. 

  

	 	(f)	Board means the Board of Directors of Dominion. 

  

	 	(g)	Change of Control is intended to have the same meaning as that term is defined under Code section 409A and the regulations thereunder. 

  

	 	(h)	Code means the Internal Revenue Code of 1986, as amended. 

  

	 	(i)	Committee means the Organization, Compensation and Nominating Committee of the Board. 

  

	 	(j)	Company means Dominion and any Dominion Company that is designated by the Administrator as covered by this Plan, and any successor business by merger, purchase, or
otherwise that maintains the Plan. 

  

	 	(k)	Compensation means a Participant’s annual base salary and Profit Sharing Award. Compensation does not include stock, stock options or spot awards. The
Administrator may determine whether to include or exclude an item of income from Compensation. 

	 	(l)	Deferral Election Form means the form that a Participant uses to elect to defer Compensation pursuant to Plan Section 4. 

  

	 	(m)	Deferred Account means a bookkeeping record established for each Participant who is eligible to receive a Deferred Benefit. A Deferred Account shall be established
only for purposes of measuring a Deferred Benefit and not to segregate assets or to identify assets that may be used to satisfy a Deferred Benefit. A Deferred Account shall be credited with that amount of a Participant’s Compensation deferred
according to a Participant’s Deferral Election Form. 

  

	 	(n)	Deferred Benefit means the benefit available to a Participant who has executed a valid Deferral Election Form under Plan Section 4. 

  

	 	(o)	Disability or Disabled means a medically determinable physical or mental impairment which can be expected to result in death or to last for a continuous
period of not less than 12 months (i) which prevents the affected Participant from engaging in any substantial gainful activity or (ii) on account of which the affected Participant receives income replacement benefits for a period of not less than 3
months under a Company-sponsored accident and health plan. “Disability” is intended to have the same meaning as this term is defined under Code section 409A and the regulations thereunder. 

  

	 	(p)	Distribution Election Form means a form that a Participant uses to establish the timing and method of payments of Benefits from all Accounts except the
Participant’s Tool Kit Account and, when specified by the Company, Special Account. If a Participant does not execute a valid Distribution Election Form, the distribution of Benefits shall be governed by Plan Section 9(d).

  

	 	(q)	Dominion means Dominion Resources, Inc. 

  

	 	(r)	Dominion Company means Virginia Electric and Power Company, Dominion Energy, Inc., Dominion Resources Services, Inc., Consolidated Natural Gas Company, or another
corporation in which Dominion owns stock possessing at least 50% of the combined voting power of all classes of stock or which is in a chain of corporations with Dominion in which stock possessing at least 50% of the combined voting power of all
classes of stock is owned by one or more other corporations in the chain. 

  

	 	(s)	Dominion Stock means the common stock, no par value, of Dominion. 

  

	 	(t)	Dominion Stock Fund means an Investment Fund in which the deemed investment is Dominion Stock. 

  

	 	(u)	Dominion Tool Kit means the Dominion Resources, Inc. Executive Stock Purchase Tool Kit. 

  

	 	(v)	Effective Date with respect to the Plan means January 1, 2005. 

  

 2 

	 	(w)	Election Date means the date by which a Participant must submit a valid Deferral Election Form for Compensation earned and vested during the Plan Year. For each Plan
Year, the Election Date shall be December 31 of the preceding calendar year unless the Administrator sets an earlier Election Date. 

  

	 	(x)	Investment Election Form means the form that a Participant uses to elect the Investment Fund in which all Benefits, except the Tool Kit Benefit and Special Benefit if
restricted, held in the Participant’s Accounts will be deemed invested. 

  

	 	(y)	Investment Fund means one or more deemed investment alternatives offered to Participants from time to time. The Company may compute deemed investment gain or loss
under the Investment Funds based on the actual investment performance of assets that it has deposited in a grantor trust (as described in Plan Section 11). The Dominion Stock Fund shall be one of the Investment Funds. 

  

	 	(z)	Match Account means a bookkeeping record established for each Participant who is eligible to receive a Match Benefit. A Match Account shall be established only for
purposes of measuring a Match Benefit and not to segregate assets or to identify assets that may be used to satisfy a Match Benefit. 

  

	 	(aa)	Match Benefit means the benefit available to an eligible Participant under Plan Section 5. 

  

	 	(bb)	Participant with respect to any Plan Year means an employee of the Company who has a base salary of at least $100,000 as of a date within 120 days preceding the
Election Date for the Plan Year, as established by the Administrator. 

  

	 	(cc)	Plan means the Dominion Resources, Inc. New Deferred Compensation Plan. 

  

	 	(dd)	Plan Year means a calendar year beginning on or after the Effective Date. 

  

	 	(ee)	Profit Sharing Award means any cash bonus, annual cash incentive award, cash incentive payment or pre-scheduled one-time cash payment, which is designated as such by
the Administrator. 

  

	 	(ff)	Retirement means any Separation from Service on account of age on or after age 55. 

  

	 	(gg)	Savings Plan means the Dominion Resources, Inc. Employee Savings Plan. 

  

	 	(hh)	Separation from Service means the cessation of the Participant’s employment with the Company, including Retirement. “Separation from Service” is
intended to have the same meaning as that term is defined under Code section 409A and the regulations thereunder. 

  

	 	(ii)	Special Account means a bookkeeping record established for each Participant who receives a Special Benefit. A Special Account shall be established only for purposes of
measuring a Participant’s Special Benefit and not to segregate assets or to identify assets that may be used to satisfy a Special Benefit. 

  

 3 

	 	(jj)	Special Benefit means the benefit a Participant may be awarded under Plan Section 6. 

  

	 	(kk)	Specified Employee means any elected officer of the Company. “Specified Employee” is intended to meet the requirements of Code section 409A and the
regulations thereunder. 

  

	 	(ll)	Tool Kit Account means a bookkeeping record established for each Participant who is eligible to receive a Tool Kit Benefit. A Tool Kit Account shall be established
only for purposes of measuring a Tool Kit Benefit and not to segregate assets or to identify assets that may be used to satisfy a Tool Kit Benefit. 

  

	 	(mm)	Tool Kit Benefit means the benefit available to a Participant as described in Plan Section 7. 

  

	 	(nn)	Unforeseeable Emergency means a severe financial hardship to the Participant resulting from an illness affecting the Participant or the Participant’s Spouse or
Dependent, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstance arising as a result of events beyond the Participant’s control. Any amount distributed to the Participant under
this Plan in connection with an Unforeseeable Emergency shall not exceed the amount necessary to satisfy the emergency plus incidental costs. “Unforeseeable Emergency” is intended to have the same meaning as this term is defined under Code
section 409A and the regulations thereunder. 

  
 2. PURPOSE. The Plan is intended to benefit a “select group of management or highly compensated employees,” as that term is used under Title I of the Employee Retirement Income Security Act of 1974, as amended. The
Plan is intended to permit Participants to defer their Compensation, and for related purposes. The Plan is also intended to meet the requirements of Code section 409A and the regulations thereunder. 
  
 3. PARTICIPATION. A Participant is eligible to participate in
this Plan if, with respect to any Plan Year, the Participant: 
  

	 	(i)	submits a valid Deferral Election Form on or before the Election Date for that Plan Year as provided in Plan Section 4; 

  

	 	(ii)	is eligible for a Match Benefit as provided in Plan Section 5; 

  

	 	(iii)	receives a Special Benefit as provided in Plan Section 6; or 

  

	 	(iv)	receives a Tool Kit Benefit as provided in Plan Section 7. 

  

 4 

 4. DEFERRED BENEFITS. A Participant may elect on or before the Election Date to defer
receipt of a portion of the Participant’s Compensation for the Plan Year. The following provisions apply to deferral elections: 
  

	 	(a)	A Participant may defer up to 50% of the Participant’s annual base salary and up to 85% of the Participant’s Profit Sharing Award for each Plan Year. The amounts of such
deferrals may be reduced in accordance with rules established by the Administrator for the coordination of this Plan with other compensation-related plans or programs operated by the Company. 

  

	 	(b)	The election to defer Compensation with respect to a Plan Year shall be made by using a Deferral Election Form. The Deferral Election Form shall specify the amount and type of
Compensation to be deferred with respect to that Plan Year. A deferral election shall be valid only when the Deferral Election Form is completed and received by the Administrator on or before the Election Date for that Plan Year. A Participant who
has not submitted a valid Deferral Election Form to the Administrator on or before the Election Date may not defer any part of the Participant’s Compensation for the Plan Year to this Plan. 

  

	 	(c)	Amounts of Compensation deferred using a valid Deferral Election Form shall be credited to the Participant’s Deferred Account. These amounts shall be credited to the Deferred
Account as of the date on which the Compensation would have been paid to the Participant, but for the deferral. The amounts credited to a Participant’s Deferred Account shall be deemed invested among a set of Investment Funds chosen by the
Participant on the Participant’s Investment Election Form, as provided under Plan Section 8. The amounts credited to a Participant’s Deferred Account shall be 100% vested. 

  

	 	(d)	Distributions from the Participant’s Deferred Account shall be governed by the Participant’s Distribution Election Form, subject to the terms and conditions of Plan
Sections 9 and 10. 

  

	 	(e)	The Administrator may reject any Deferral Election Form that does not conform to the provisions of the Plan. The Administrator’s rejection must be made on a uniform basis with
respect to similarly situated Participants. If the Administrator rejects a Deferral Election Form, the Participant shall be paid the amounts the Participant would have been entitled to receive if the Participant had not submitted the rejected
Deferral Election Form. 

  

	 	(f)	A Participant may not revoke a Deferral Election Form after the Plan Year begins. Any revocation before the beginning of the Plan Year has the same effect as a failure to submit a
Deferral Election Form. Any writing signed by a Participant expressing an intention to revoke the Participant’s Deferral Election Form and delivered to the Administrator before the close of business on the Election Date shall be a revocation.

  

 5 

 5. MATCH BENEFITS. 
  

	 	(a)	With respect to each Plan Year, the Company has the discretion to use this Plan to credit a Match (as defined below) to each eligible Participant. To be eligible for a Match, a
Participant must meet all of the following criteria: 

  

	 	(i)	be employed on December 31 of the Plan Year or have Separated from Service during the Plan Year due to retirement or early retirement (as defined by the Savings Plan), death, or
Disability; 

  

	 	(ii)	have made salary deferrals to the Savings Plan for the Plan Year; and 

  

	 	(iii)	have base salary for the Plan Year in excess of the dollar limit for the Plan Year under Code section 401(a)(17). 

  

	 	(b)	The amount of the Match will be determined under the following formula: Excess Compensation times Deferral Percentage times Match Percentage. The terms in the formula
have the following meanings. 

  

	 	(i)	Excess Compensation is the amount of the Participant’s base salary for the Plan Year in excess of the dollar limit for the Plan Year under Code section 401(a)(17).

  

	 	(ii)	Deferral Percentage is the total of the Participant’s salary deferrals to the Savings Plan for the Plan Year divided by the lesser of (i) the dollar limit for the Plan
Year under Code section 401(a)(17), or (ii) the Participant’s base salary for the Plan Year reduced by deferrals under this Plan and the Savings Plan. The Deferral Percentage may not exceed the maximum percentage of compensation on which the
Participant would be eligible to receive a match by making a deferral under the Savings Plan for the Plan Year. 

  

	 	(iii)	Match Percentage is the percentage of company match made with respect to the Participant’s salary deferral to the Savings Plan. 

  

	 	(c)	The Match awarded to an Eligible Participant shall be credited to the Participant’s Match Account. The amounts credited to a Participant’s Match Account shall be deemed
invested among a set of Investment Funds chosen by the Participant on the Participant’s Investment Election Form, as provided under Plan Section 8. A Participant shall not be required to invest any portion of the Match Account in the Dominion
Stock Fund. The Administrator may establish further procedures for the administration of the Match Account, including procedures for determining the date as of which Matches shall be credited to a Participant’s Match Account. A
Participant’s Match Account shall be 100% vested. 

  

 6 

	 	(d)	Distributions from a Participant’s Match Account shall be governed by the Participant’s Distribution Election Form, subject to the terms and conditions of Plan Sections 9
and 10. 

  
 6. SPECIAL BENEFITS. With
respect to any Plan Year, the Company may credit a Special Benefit to a separate Special Account of any Participant. The Special Benefit, if any, shall be credited to the Participant’s Special Account as of the date determined by the Company.
The Company has sole discretion regarding the amount of the Special Benefit, if any. The amounts credited to the Participant’s Special Account, if any, shall be deemed invested among a set of Investment Funds chosen by the Participant on the
Participant’s Investment Election Form, as provided under Plan Section 8, however, the Administrator shall have discretion to restrict the deemed investment of a Special Benefit to the Dominion Stock Fund only. Amounts credited to the
Participant’s Special Account, if any, shall be 100% vested. The timing and method of distributions from a Participant’s Special Account, if any, shall be governed by the Participant’s Distribution Election Form, subject to the terms
and conditions of Plan Sections 9 and 10, unless the Company specifies upon initial crediting of the Special Benefit that the Special Account will be distributed in a single lump sum to the Participant or the Participant’s Beneficiary or
Beneficiaries as soon as is practicable after the Participant’s Separation from Service. Notwithstanding the foregoing, in the case of a Participant who is a Specified Employee, no distribution from the Participant’s Special Account shall
be made until the earlier of: (i) the date which is six months after the Participant’s Separation from Service; or (ii) the Participant’s death. 
  
 7. TOOL KIT BENEFITS. With respect to any Plan Year, a Participant may submit a valid Tool Kit deferral election form to designate all or a
portion of the annual cash incentive award to be received during the Plan Year as subject to the bonus deferral program of the Dominion Tool Kit (the “Tool Kit Benefit”). The Tool Kit Benefit shall also include the match as provided under
the bonus deferral program of the Dominion Tool Kit. The Tool Kit Benefit, if any, shall be credited to the Participant’s Tool Kit Account under this Plan as of the date the annual cash incentive award would have been paid, but for the
deferral. Notwithstanding any other provision in this Plan or the Participant’s Investment Election Form to the contrary, the amounts held in a Participant’s Tool Kit Account shall be deemed invested in the Dominion Stock Fund. Amounts
credited to the Participant’s Tool Kit Account shall be 100% vested. A Participant’s Tool Kit Account shall be distributed to the Participant or the Participant’s Beneficiary or Beneficiaries in a single lump sum as soon as is
practicable after the Participant’s Separation from Service. Notwithstanding the foregoing, in the case of a Participant who is a Specified Employee, no distribution from the Participant’s Tool Kit Account shall be made until the earlier
of: (i) the date which is six months after the Participant’s Separation from Service; or (ii) the Participant’s death. 
  
 8. INVESTMENT FUNDS. 
  

	 	(a)	The Administrator shall determine the number and type of Investment Funds that will be available under the Plan in any Plan Year. At its sole discretion, the Administrator may
change the number and type of Investment Funds at any time and may establish procedures for the transition between Investment Funds. 

  

 7 

	 	(b)	Each Participant shall submit an Investment Election Form to govern the deemed investment of all Benefits held in each Participant’s Accounts, except the Tool Kit Benefit and
the Special Benefit if restricted. The Participant shall specify on the Investment Election Form the percentage of the total amount in the Participant’s Accounts to be allocated among each of the available Investment Funds under the Plan.

  

	 	(c)	Percentage amounts from a Participant’s Accounts shall be deemed invested in the Investment Funds chosen by the Participant on the Participant’s Investment Election Form
as of the date on which these amounts are credited to the Participant’s Accounts. Once allocated among the Investment Funds in accordance with the Participant’s Investment Election Form, the balances of a Participant’s Accounts shall
be maintained in the form of hypothetical Investment Fund shares, determined by dividing the cash value of each allocated amount by the closing market value, or net asset value, of the Investment Fund to which the amount has been allocated. These
hypothetical shares shall be charged and credited as the case may be with net earnings, gains (including dividends and capital gains), losses, and expenses, as well as any appreciation or depreciation in market value during each Plan Year for the
deemed investments in the Investment Funds. The Administrator may charge or credit such earnings, gains, losses, appreciation, and depreciation based on the actual investment performance of assets that it has deposited in the grantor trust (as
described in Section 11). 

  

	 	(d)	Pursuant to procedures established by the Administrator uniformly applied, a Participant may elect to reallocate deemed investments among the available Investment Funds at least
once in each Plan Year by submitting a new Investment Election Form. In this case, transfers of deemed investments between Investment Funds shall be charged and credited as the case may be to each of the Participant’s Accounts. The transfer of
deemed investments involving the Dominion Stock Fund may be subject to such restrictions, including prior approval, as determined appropriate by Dominion. 

  
 9. DISTRIBUTION ELECTION FORM. 
  

	 	(a)	Distributions of all Benefits from a Participant’s Accounts, except for the Tool Kit Account and, when specified by the Company, Special Account, shall be governed by the
Participant’s single Distribution Election Form. A Participant may amend or revoke an existing Distribution Election Form only by submitting a subsequent Distribution Election Form, subject to the terms and conditions of subsection (b). If a
Participant does not submit a Distribution Election Form, distributions from such Participant’s Accounts shall be governed by subsection (d) of this Section. 

  

	 	(b)	A subsequent Distribution Election Form may only be made for the payment of Benefits set to commence at a specified time. The subsequent Distribution Election Form must be submitted
at least twelve months prior to the previously specified time and shall take effect twelve months after the date on which it is 

  

 8 

 submitted. The subsequent Distribution Election Form must postpone the specified time for at least an
additional five years. The Administrator may establish additional procedures, conditions, and limitations relating to the submission of a subsequent Distribution Election Form. 
  

	 	(c)	The Administrator may reject any Distribution Election Form which does not conform to the provisions of this Plan or modify any Distribution Election Form in order to comply at any
time with any federal securities laws or regulations, provided that such modification will not result in an acceleration of payments of any Benefits under this Plan. The Administrator’s rejection or modification must be made on a uniform basis
with respect to similarly situated Participants. 

  

	 	(d)	A Participant who has failed to submit a valid Distribution Election Form shall be deemed to have elected to receive a distribution of all Benefits from such Participant’s
Accounts in a single lump sum to the Participant or, in the case of death, to the Participant’s Beneficiary as soon as is practicable after the Participant’s Separation from Service. Notwithstanding the foregoing, in the case of a
Participant who is a Specified Employee, a distribution from the Participant’s Accounts shall not be made until the earlier of: (i) the date which is six months after the Participant’s Separation from Service, or (ii) the
Participant’s death. 

  
 10.
DISTRIBUTIONS. 
  

	 	(a)	All Benefits, less withholding for applicable income and employment taxes, shall be paid in cash by the Company or its designee. 

  

	 	(b)	A Participant’s Distribution Election Form shall specify the timing of distributions of Benefits from the Participant’s Accounts. Distributions from a Participant’s
Accounts shall commence in the method specified in subsection (c) no earlier than one of the following specified events: 

  

	 	(i)	the Participant’s Separation from Service for any reason other than death (including severance, resignation or Retirement); 

  

	 	(ii)	a specified time or times (such as the Participant’s attainment of a certain age); 

  

	 	(iii)	the Participant’s death; 

  

	 	(iv)	the Participant’s Disability; 

  

	 	(v)	an Unforeseeable Emergency; or 

  

	 	(vi)	a Change in Control. 

  

 9 

 Notwithstanding any other provision in this Plan or the Participant’s Distribution Election Form to
the contrary, distributions from a Participant’s Accounts shall be completed no later than February 28th of the
tenth calendar year following the Plan Year in which the Participant’s Retirement occurs. The Administrator may establish additional procedures, conditions, and limitations relating to the timing of distributions from a Participant’s
Accounts. 
  

	 	(c)	A Participant’s Distribution Election Form shall also specify the method of distributions of Benefits from the Participant’s Accounts. The possible methods of
distributions shall be limited to either a single lump sum payment or a series of annual installment payments for a period of between two and ten years. Installment payments shall be made in such amounts and at such times as specified in the
Participant’s Distribution Election Form. During the installment payment period, the unpaid balance of a Participant’s Accounts, if any, shall continue to be maintained in the Participant’s Accounts. In the event of the
Participant’s death after installment payments under this Section have already commenced, the installment payments shall continue to be made to the Participant’s Beneficiary or Beneficiaries in the manner provided by the Participant on the
Participant’s Distribution Election Form. 

  

	 	(d)	If a Participant has elected to begin receiving annual installment payments at a specified time, the Participant’s Distribution Election Form shall provide that the installment
payments shall commence on February 28th of the Plan Year in which the specified time occurs, and shall continue to
be paid on the February 28th of each succeeding calendar year, but for no more than ten calendar years, until the
balance in the Participant’s Accounts is exhausted. If a Participant has elected to receive annual installment payments upon Retirement, the Participant’s Distribution Election Form shall specify that the installment payments shall
commence on February 28th of the calendar year after the Plan Year in which the Retirement occurs, and shall
continue to be paid on the February 28th of each succeeding calendar year, bur for no more than ten calendar years,
until the balance in the Participant’s Accounts is exhausted, subject to subsection (i). 

  

	 	(e)	If a Participant has elected to take a single lump sum distribution at a specified time, the Participant’s Distribution Election Form shall specify that the single lump sum
shall be paid on February 28th of the Plan year in which the specified time occurs. If a Participant has elected to
take a single lump sum distribution upon Retirement, the Participant’s Distribution Election form shall specify that the single lump sum shall be paid as soon as is practicable after the Retirement, subject to subsection (i).

  

	 	(f)	In the event that a Participant has a Separation from Service due to Retirement prior to the specified date or event in respect to which the Participant elected to receive or begin
receiving distributions, the balance of the Participant’s Accounts shall be distributed upon the Retirement in the method as provided in the Participant’s Distribution Election Form, subject to subsection (i). 

  

 10 

	 	(g)	In the event that a Participant has a Separation from Service on account of death prior to the specified date or event in respect to which the Participant elected to receive or
begin receiving distributions, the balance of the Participant’s Accounts shall be distributed in a single lump sum to the Participant’s Beneficiary or Beneficiaries on February 28th of the calendar year following the Plan Year in which the Participant’s death occurs. 

  

	 	(h)	In the event that a Participant has a Separation from Service for any reason other than Retirement or death prior to the specified date or event in respect to which the Participant
elected to receive or begin receiving distributions, the balance of the Participant’s Accounts shall be distributed in a single lump sum to the Participant as soon as is practicable after the Separation from Service, subject to subsection (i).

  

	 	(i)	Notwithstanding any other provision of this Plan to the contrary, in the case of a Participant who is a Specified Employee and who is scheduled to receive or begin receiving
distributions after a Separation from Service, including Retirement, distributions from such Participant’s Accounts, if any, shall not be made or commence to be made until the earlier of: (i) the date which is six months after the
Participant’s Separation from Service; or (ii) the Participant’s death. 

  

	 	(j)	In the event of the Participant’s Disability, distributions under this Section shall be made to the Participant in the manner provided on the Participant’s Distribution
Election Form. If the Participant has not made a distribution election with respect to a Disability, distributions shall be made to the Participant in equal annual installments over a period of ten years. If a disabled Participant returns to work
before the balance in the Participant’s Accounts is completely distributed, distribution payments shall cease and the remaining balance in the Participant’s Accounts shall be maintained until the distribution date elected by the
Participant on the Participant’s Distribution Election Form. 

  

	 	(k)	In the event of an Unforeseeable Emergency, distributions from the Participant’s Accounts may be made to the Participant in accordance with procedures established by the
Administrator, provided that any such distributions shall be made only in the amounts needed to relieve the expenses associated with the Unforeseeable Emergency, including incidental expenses. The Administrator shall have sole discretion regarding
the amount of such distributions, if any. 

  

	 	(l)	Notwithstanding any other provision of this Plan or a Participant’s Distribution Election Form to the contrary, the Committee in its sole discretion may postpone the
distribution of all or part of a Benefit to the extent that the payment would not be deductible under Code section 162(m) or any successor thereto. A Benefit distribution that is postponed pursuant to the preceding sentence shall be paid as soon as
it is possible to do so within the deduction limitations of Code section 162(m). 

  

 11 

	 	(m)	The Participant shall name a Beneficiary or Beneficiaries using the Beneficiary Designation Form. A Participant may use only one Beneficiary Designation Form to designate one or
more Beneficiaries for all of the Participant’s Benefits under the Plan. Such designations are revocable. 

  
 11. COMPANY’S OBLIGATION. The Plan shall be unfunded. Dominion shall not be required to segregate any assets that at any time may
represent a Benefit. Dominion shall establish a grantor trust (within the meaning of Code sections 671 through 679) for Participants and Beneficiaries and shall deposit the Participants’ Match Benefits with the trustee of such trust. Dominion
may deposit funds with the trustee of such trust to provide the other Benefits aside from the Match Benefit to which Participants and Beneficiaries may be entitled under the Plan. The funds deposited with the trustee or trustees of such trust, and
the earnings thereon, will be dedicated to the payment of Benefits under the Plan but shall remain subject to the claims of the general creditors of the Company. Any liability of Dominion to a Participant or Beneficiary under this Plan shall be
based solely on any contractual obligations that may be created pursuant to this Plan. No such obligation of Dominion shall be deemed to be secured by any pledge of, or other encumbrance on, any property of Dominion. 
  
 12. CONTROL BY PARTICIPANT. A Participant shall have no control
over the Participant’s Benefits except according to the Participant’s Deferral Election Form, Distribution Election Form, Investment Election Form, and Beneficiary Designation Form. 
  
 13. CLAIMS AGAINST PARTICIPANT’S BENEFIT. An Account shall
not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to do so shall be void. A Benefit shall not be subject to attachment or legal process for a Participant’s
debts or other obligations. Nothing contained in this Plan shall give any Participant any interest, lien, or claim against any specific asset of the Company. A Participant or the Participant’s Beneficiary shall have no rights other than as a
general creditor of Dominion. 
  
 14. AMENDMENT OR
TERMINATION. Except as otherwise provided, this Plan may be altered, amended, suspended, or terminated at any time by the Committee. The Committee may not alter, amend, suspend, or terminate this Plan without the consent of that Participant
if such action would result in (i) a distribution of the Participant’s Benefits in any manner not provided in the Plan or (ii) immediate taxation of a Benefit to a Participant. 
  
 15. ADMINISTRATION. 
  

	 	(a)	This Plan shall be administered by the Administrator. The Administrator shall interpret the Plan, establish regulations to further the purposes of the Plan and take any other action
necessary to the proper operation of the Plan. To the extent authorized by the Administrator, any action required to be taken by a Participant may be taken in writing, by electronic transmission, by telephone, or by facsimile, except for a
beneficiary designation which must be in writing. Prior to paying a Benefit under the Plan, the Administrator may require the Participant, former Participant or Beneficiary to provide such information or material as the 

  

 12 

 Administrator, in its sole discretion, shall deem necessary to make any determination it may be required
to make under the Plan. The Administrator may withhold payment of a Benefit under the Plan until it receives all such information and material and is reasonably satisfied of its correctness and genuineness. The Administrator may delegate all or any
of its responsibilities and powers to any persons selected by it, including designated officers or employees of the Company. 
  

	 	(b)	If for any reason a Benefit payable under this Plan is not paid when due, the Participant or Beneficiary may file a written claim with Dominion’s Administrative Benefits
Committee to review claims for Benefits under the Plan (the “ABC”). If the claim is denied or no response is received within forty-five (45) days after the date on which the claim was filed with the ABC (in which case the claim will be
deemed to have been denied), the Participant or Beneficiary may appeal the denial to the Committee within sixty (60) days of receipt of written notification of the denial or the end of the forty-five day period, whichever occurs first. In pursuing
an appeal, the Participant or Beneficiary may request that the Committee review the denial, may review pertinent documents, and may submit issues and documents in writing to the Committee. A decision on appeal will be made within sixty (60) days
after the appeal is made, unless special circumstances require the Committee to extend the period for another sixty (60) days. 

  

	 	(c)	The Administrator shall interpret this Plan for all purposes in accordance with Code section 409A and the regulations thereunder. Notwithstanding any other provision in this Plan to
the contrary, the Administrator shall not accelerate the payment of any Benefit under this Plan, except as specifically provided in Code section 409A and the regulations thereunder. 

  
 16. NOTICES. All notices or elections required under the Plan
must be in writing. A notice or election shall be deemed delivered if it is delivered personally or sent registered or certified mail to the person at the person’s last known business address. 
  
 17. WAIVER. The waiver of a breach of any provision in this
Plan does not operate as and may not be construed as a waiver of any later breach. 
  
 18. CONSTRUCTION. This Plan shall be adopted and maintained according to the laws of the Commonwealth of Virginia (except its choice-of-law rules and except to the extent that such laws are preempted by
applicable federal law). Headings and captions are only for convenience; they do not have substantive meaning. If a provision of this Plan is not valid or enforceable, the validity or enforceability of any other provision shall not be affected. Use
of one gender includes all, and the singular and plural include each other. 
  

 13

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