Document:

OGE 2011 10-K - Ex. 10.33

Exhibit 10.33

	
	
	Amendment Number 1 to the

	OGE Energy Corp. Deferred Compensation Plan

	(As Amended and Restated Effective January 1, 2005)

OGE Energy Corp., an Oklahoma corporation (the "Company"), by action of its Benefits Oversight Committee taken in accordance with the authority granted to it by Article X of the OGE Energy Corp. Deferred Compensation Plan (As Amended and Restated Effective January 1, 2005), (the "Plan"), hereby amends the Plan in the following respects effective as of January 1, 2005:

		
	1. 
	By deleting Section 2.32 of the Plan and inserting in lieu thereof the following: 

		
	"2.3 
	"Valuation Date" means the last business day of each calendar month and such other dates as may be specified by the Administrator; provided, however, that for purpose of Article VI (other than Section 6.4) only, (i) effective January 1, 2006 through September 30, 2008, Valuation Date shall also mean the last business day of each calendar week and (ii) effective October 1, 2008, Valuation Date shall mean each day the New York Stock Exchange is open."

		
	2. 
	By deleting the first sentence of Section 4.5 of the Plan and inserting in lieu thereof the following:

"The amount of Compensation that a Participant elects to defer under the Plan shall be credited by the Company to the Participant's Account as of the date on which the Compensation would have been payable absent the Deferral Election."

		
	3. 
	By adding a new sentence after the second sentence of Section 6.1 of the Plan as follows:

"Amounts credited to a Participant's Account and applicable subaccounts as set forth in Sections 4.5, 5.1 and 5.2 shall be deemed invested in the applicable assumed investment alternatives (i) prior to October 1, 2008, subject to such rules as the Administrator or its delegate shall determine from time to time and the provisions of Section 6.2 and 6.3 and (ii) on and after October 1, 2008, subject to the provisions of Section 6.2 and 6.3, as of the Valuation Date credited to the Account based on the fair market value of such investment as of such date."

		
	4. 
	By deleting the third and fourth sentence of the first paragraph of Section 6.2 of the Plan and inserting in lieu thereof the following:

"On or before the last business day of each calendar month (or, effective on and after January 1, 2006 and prior to October 1, 2008, on or before 1:00 p.m. Pacific Time on the last business day of each calendar week or effective on an after October 28, 2008, on each Valuation Date or other such time as the Administrator or its delegate shall provide from time to time), a Participant may make a new election, to be effective immediately after the close of business on such last business day or Valuation Date, as the case may be, with respect to the assumed investments in which his or her Account shall be deemed invested in the future.  Such new election may, subject to the following sentence, (i) redirect the investment of his or her ending Account balance as of the close of business on such last business day or Valuation Date, as the case may be, among the available assumed investment alternatives and/or (ii) change the assumed investment alternatives in which future contribution credits to be made as of or after the effective date of the election will be deemed invested."

		
	5. 
	By deleting the last sentence of the first paragraph of Section 6.2 of the Plan and inserting in lieu thereof the following:

"The portion of a Participant's Account that is deemed invested in Company common stock or Partnership Units, if any, shall also be credited with deemed dividends or other distributions as of the date on which dividends or other distributions on Company common stock or Partnership Units are paid, and such deemed dividends or other distributions shall be deemed reinvested in Company common stock or Partnership Units, as the case may be, based on the fair market value thereof as provided in Section 6.3."

		
	6. 
	By deleting the third sentence of Section 6.3 of the Plan and inserting in lieu thereof the following:

"Amounts credited to a Participant's Account and applicable subaccounts as set forth in Sections 4.5, 5.1 and 5.2 and dividends or other distributions on Company common stock or Partnership Units under Section 6.2 that are deemed invested in Company common stock or Partnership Units shall be deemed so invested based on the fair market value of a share of Company common stock or Partnership Unit, as the case may be, as reported on the New York Stock Exchange composite tape at the close of business (i) prior to October 1, 2008, on the last business day of the month preceding the date on which the amount is being deemed so invested and (ii) on and after October 1, 2008, on the Valuation Date on or next preceding the date on which the amount is being deemed so invested."

IN WITNESS WHEREOF, the Company has caused this instrument to be signed by a duly authorized officer on this 15th day of December, 2008.

OGE ENERGY CORP.

By:  /s/ Carla D. BrockmanOGE 2011 10-K - Ex. 10.39

Exhibit 10.39

	
	
	Amendment Number 3 to the

	OGE Energy Corp. Deferred Compensation Plan

	(As Amended and Restated Effective January 1, 2005)

OGE Energy Corp., an Oklahoma corporation (the "Company"), by action of its Benefits Oversight Committee taken in accordance with the authority granted to it by Article X of the OGE Energy Corp. Deferred Compensation Plan (As Amended and Restated Effective January 1, 2005), as heretofore amended (the "Plan"), hereby further amends the Plan in the following respects effective as of January 1, 2012:

1.     By inserting, immediately before the last paragraph of Section 5.3 of the Plan, a new paragraph to read as follows:

Notwithstanding any provision of the Plan, with respect to Matching Credits credited to a Participant's Account on or after January 1, 2012, as adjusted for assumed investment return, the Participant's vested percentage shall be determined in accordance with the following schedule:
	
		
	Years of Service
	Percentage of
Matching Credits Vested

	Less than 3
	0%

	3 or more
	100%

IN WITNESS WHEREOF, the Company has caused this instrument to be signed by a duly authorized officer on this 18th day of November, 2011.

OGE ENERGY CORP.

By:  /s/ Stephen E. MerrillOGE 2011 10-K - Ex. 10.40

Exhibit 10.40

	
	
	Amendment Number 1 to the

	OGE Energy Corp. 2008 Stock Incentive Plan

OGE Energy Corp., an Oklahoma corporation (the "Company'), by action of its Board of Directors taken in accordance with the authority granted to it by Section 11 of the OGE Energy Corp. 2008 Stock Incentive Plan (the "Plan"), hereby amends the Plan in the following respects effective as of January 1, 2012:

1.    By deleting the second paragraph of  Section 3 of the Plan and inserting in lieu thereof  the following:
 
Subject to Section 7(c)(iv), if any shares of Restricted Stock are forfeited for which the participant did not receive any benefits of ownership (as such phrase is construed by the Commission or its staff), or if any Stock Option (and related Stock Appreciation Right, if any) terminates without being exercised, shares subject to such Awards shall again be available for distribution in connection with Awards under the Plan. In the event that (a) any participant delivers shares of Common Stock (i) to pay the exercise price of an Award, or (ii) in satisfaction of any tax withholding requirement, or (b) any other payment made or benefit realized under the Plan is satisfied by the transfer or relinquishment of shares of Common Stock, the number of shares of Common Stock available for Awards under the Plan shall be increased by the number of shares of Common Stock so surrendered, paid or relinquished; provided, however, that, nothwithstanding the foregoing, shares of Common Stock delivered to pay the exercise price of any Stock Option or Stock Appreciation Right, shares of Common Stock delivered in satisfaction of any tax withholding requirement relating to any Stock Option or Stock Appreciation Right and shares  of Common Stock otherwise transferred or relinquished in connection with any Stock Option or Stock Appreciation Right shall not increase the number of shares of Common Stock available for Awards under the Plan.

 IN WITNESS WHEREOF, OGE Energy Corp. has caused this instrument to be signed in its name by a duly authorized officer on this 15th day of February, 2012.
 

OGE ENERGY CORP.

By:  /s/ Peter B. Delaney                
Chairman, President and Chief Executive OfficerOGE 2011 10-K - Ex. 10.41

Exhibit 10.41

OGE Energy Corp.
Director's Compensation 
Compensation of non-officer directors of the Company in 2011 included an annual retainer fee of $115,000, of which $42,000 was payable in cash in monthly installments and $73,000 was deposited in the director's account under the Company's Deferred Compensation Plan in December 2011 and converted to 1,392.068 common stock units based on the closing price of the Company's Common Stock on December 2, 2011. Directors who did not serve for the full year received a prorated amount of the annual retainer.  All non-officer directors received $1,500 for each Board meeting and $1,500 for each committee meeting attended. The lead director received an additional $15,000 cash retainer in 2011. The chairman of the Audit Committee received an additional $10,000 cash retainer in 2011.  The chairmen of the Compensation and Nominating and Corporate Governance Committees received an additional $5,000 annual cash retainer in 2011. Each chairman of a board committee also received a meeting fee of $1,500 for each meeting (either in person or by phone) with management to address committee matters. Each member of the Audit Committee also received an additional annual retainer of $5,000. These amounts represent the total fees paid to directors in their capacities as directors of the Company and OG&E in 2011. 

Under the Company's Deferred Compensation Plan, non-officer directors may defer payment of all or part of their attendance fees and the cash portion of their annual retainer fee, which deferred amounts are credited to their account as of the first day of the month in which the deferred amounts otherwise would have been paid.  Amounts credited to the accounts are assumed to be invested in one or more of the investment options permitted under the Company's Deferred Compensation Plan.  In 2011, those investment options included a Company Common Stock fund, whose value was determined based on the stock price of the Company's Common Stock, and various money market, bond and equity funds.  When an individual ceases to be a director of the Company, all amounts credited under the Company's Deferred Compensation Plan are paid in cash in a lump sum or installments.  In certain circumstances, participants may also be entitled to in-service withdrawals from the Company's Deferred Compensation Plan.

In December 2011, the Compensation Committee met to consider director compensation.  At that meeting, the Compensation Committee increased the cash portion of the annual retainer for 2012 to $45,600 from $42,000 and increased the fees for each meeting (either in person or by phone) for 2012 to $2,000 from $1,500. The other components of director compensation remained unchanged.

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