Document:

EXHIBIT 10.17

 Exhibit 10.17 
 DOMINION RESOURCES, INC. 
 NEW RETIREMENT BENEFIT RESTORATION PLAN 
 Originally Effective January 1, 2005 
 and

 Amended and Restated Effective January 1, 2009 
  

 TABLE OF CONTENTS 
  

					
	Purpose	  		  	1
			
	Article I	  	Definitions	  	2
			
	Article II	  	Eligibility and Participation	  	5
			
	Article III	  	Basic Benefits	  	6
			
	Article IV	  	Cash Balance Benefits	  	7
			
	Article V	  	Death Benefits	  	8
			
	Article VI	  	Beneficiary	  	10
			
	Article VII	  	Coordination of Benefits	  	11
			
	Article VIII	  	Amendment or Termination of Plan	  	12
			
	Article IX	  	Plan Administration	  	13
			
	Article X	  	Confidentiality and Noncompetition Provisions	  	15
			
	Article XI	  	Miscellaneous	  	16

 DOMINION RESOURCES, INC. 
 NEW RETIREMENT BENEFIT RESTORATION PLAN 
 As Amended and Restated Effective
January 1, 2009 
 Purpose 
 The Board of Directors of Dominion Resources, Inc. (the “Board”) adopted the New Retirement Benefit Restoration Plan effective January 1, 2005 to assist it in attracting and retaining those employees whose judgment, abilities
and experience will contribute to the Company’s 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 Company has amended the
Dominion Pension Plan to add a cash balance feature to the Retirement Plan for employees hired on or after January 1, 2008. In order to allow newly hired employees to benefit under the Plan, it is necessary to amend the Plan to reflect the
Dominion Pension Plan amendment. 
 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. 
 The Board has determined that
the benefits to be provided under the Plan are reasonable and appropriate compensation for the services rendered and to be rendered by Plan Participants. 
  

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 Article I 
 Definitions 
 Whenever used in the Plan, the following phrases and terms shall have the meanings set
forth below: 
 1.1 “Account” means the Participant’s Account as defined under the Cash Balance Supplement. 
 1.2 “Account Balance” means the balance in the Participant’s Account under the Cash Balance Supplement. 
 1.3 “Administrative Benefits Committee” means the Administrative Benefits Committee of Dominion Resources, Inc., which shall manage and
administer the Plan in accordance with the provisions of Article IX. 
 1.4 “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). 
 1.5 “Beneficiary” means the individual, individuals, entity, entities or the
estate of a Participant entitled to receive the benefits payable under the Plan, if any, upon the Participant’s death. 
 1.6
“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. 
 1.7 “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. 
 1.8 “Cash Balance Benefit” means the lump sum amount determined under Article IV. 
 1.9 “Cash Balance Supplement” means the Dominion Pension Plan Cash Balance Supplement, effective January 1, 2008, as amended from time to
time. 
 1.10 “CGN Committee” means the Compensation, Governance and Nominating Committee of the Board of Directors of Dominion
Resources, Inc. Actions designated as CGN Committee actions in this Plan may be taken by a duly authorized delegate, consistent with the CGN Committee’s charter. 
  

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 1.11 “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. 
 1.12 “Code” means the Internal Revenue Code of 1986, as amended. 
 1.13 “Company” means Dominion Resources, Inc., its predecessor, a subsidiary or an Affiliate. 
 1.14 “Lump Sum Equivalent” means a single lump sum payment that is actuarially determined as the amount required to provide an after-tax monthly payment equal to the after-tax amount of the Monthly Benefit payable for the period
determined under Section 3.1(b). Effective for distributions occurring on or after January 1, 2007 and on or before December 31, 2009, unless otherwise determined by the Administrative Benefits Committee, the actuarial discount rate
for determinations of the Lump Sum Equivalent shall be four percent (4%). Beginning January 1, 2010, the actuarial discount rate shall be determined by the Administrative Benefit Committee. The actuarial determination shall be computed using
actuarial and other factors 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 Benefits Committee. The Lump Sum Equivalent of the Monthly Benefit determined under Section 5.1 shall be appropriately discounted if the date of payment under Section 5.1(b) is earlier than the
date of commencement of the Qualified Pre-Retirement Survivor Annuity under the Retirement Plan to the Participant’s Spouse. 
 1.15
“Monthly Benefit” means the monthly amount determined under Section 3.1(a) used for purposes of calculating the Lump Sum Equivalent. 
 1.16 “Participant” means an employee who is eligible to participate under Section 2.1 and who is designated by the CGN Committee to participate in the Plan pursuant to Article II. 
 1.17 “Plan” means the Dominion Resources, Inc. New Retirement Benefit Restoration Plan. 
 1.18 “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. 
 1.19 “Retirement” and “Retire” mean a Participant’s Separation from Service with the Company at a time when the Participant is entitled to begin receiving an Early Retirement or Normal
Retirement benefit under the Retirement Plan or would be entitled to begin such benefit if any Benefit Enhancement were applied under the Retirement Plan. 
 1.20 “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. 
  

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 1.21 “Separation from Service” means a termination of employment with the Participant’s
employer (Dominion Resources, Inc. or any Affiliate, as the case may be) and all other persons that would be treated as a single employer with the Participant’s employer under Code Sections 414(b) or (c) (applying a 50% rather than an 80%
ownership test), within the meaning of Treasury Regulation Section 1.409A-1(h). 
 1.22 “Spouse” means the person to whom a
Participant is legally married, determined in accordance with the laws of the state in which both parties reside, at the first to occur of (a) the date of the Participant’s Separation from Service or (b) the date of the
Participant’s death. 
 1.23 The following terms shall have the meaning provided in the Retirement Plan: Early Retirement Date, Normal
Retirement Date, and Qualified Pre-Retirement Survivor Annuity. 
  

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 Article II 
 Eligibility and Participation 
 2.1 Eligibility. An employee of the Company shall be eligible
to participate in this Plan if the employee: (a) is a member of management or a highly compensated employee; (b) is designated by the CGN Committee as a Participant; and (c) has a Retirement Plan benefit that is or has been reduced or
limited by Code Section 401(a)(17) or Code Section 415, or both. 
 2.2 Participation. Participation in this Plan shall be
determined by the CGN Committee, in its sole discretion. An eligible employee designated to participate in the Plan by the CGN Committee shall become a Participant in the Plan as of the date his or her Retirement Plan benefit is or has been limited
by Code Section 401(a) (17) or Code Section 415, unless another date is provided by the CGN Committee. A Participant who remains an employee of the Company shall continue to participate in the Plan until (a) the CGN Committee
declares that he or she is no longer a Participant or (b) he or she has a Separation from Service. Except as otherwise specifically provided in the Plan, a Participant who ceases to participate in the Plan shall forfeit all rights to any
benefits under the Plan. 
 2.3 Revocation of Participation. Unless such action is prohibited by Section 8.1(c), the CGN
Committee may revoke or rescind the designation of an individual as a Participant at its discretion. All rights of any individual who was a Participant and whose designation as a Participant is revoked or rescinded by the CGN Committee shall cease
upon such action. 
 2.4 Termination of Participation. A Participant who ceases to be an eligible employee under Section 2.1
while remaining employed by the Company 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 Separation from Service be entitled to any
benefit under the Plan. A Participant on authorized leave of absence from the Company for up to six months shall be deemed to not have had a Separation from Service or to lose the eligibility status as a result of such leave of absence. 

2.5 Change in Control. 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. 
  

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 Article III 
 Basic Benefits 
 This Article III shall apply to all Participants who have a benefit under a
Retirement Plan other than under the Cash Balance Supplement. Subject to the provisions of Articles VIII and X, a Participant who is subject to this Article III shall be entitled to benefits under this Plan as follows: 
 3.1 Calculation of Monthly Benefit. 
 (a) The Monthly Benefit of a Participant who has a Separation from Service 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; 
 (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. Retirement Benefit Restoration Plan frozen as of December 31, 2004, expressed as a monthly benefit for the life of the Participant. 
 (b) If a Participant has a Spouse at the time of his or her Separation from Service, the Monthly Benefit under Section 3.1(a) shall be computed based on the Qualified Joint and Survivor Annuity benefit determined
under the Retirement Plan. If a Participant does not have a Spouse at the time of his or her Separation from Service, the Monthly Benefit under Section 3.1(a) shall be computed based on the Single Life Annuity benefit determined under the
Retirement Plan. 
 (c) If the Participant’s Separation from Service occurs before the Participant’s Normal
Retirement Date, the Monthly Benefit shall be calculated in accordance with the applicable reduction factors provided under the Retirement Plan. 
 3.2 Form of Payment. The Participant’s Monthly Benefit under this Plan based on the form of benefit under Section 3.1(b) shall be paid in the form of the Lump Sum Equivalent. 
 3.3 Time of Payment. 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 Separation from Service, but not later than 90 days after such date. 
  

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 Article IV 
 Cash Balance Benefits 
 This Article IV is effective as of January 1, 2008 and shall apply only
to those Participants who have a benefit under the Cash Balance Supplement. Subject to the provisions of Articles VIII and X, a Participant who is subject to this Article IV shall be entitled to benefits under this Plan as follows: 
 4.1 Benefit Calculation. 
 (a) The Cash Balance Benefit of a Participant who Separates from Service shall be a lump sum payment equal to (x) minus (y) below where: 
 (x) = the Participant’s Account Balance that would have accrued 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;

 (y) = the Participant’s actual Account Balance. 
 (b) In all cases, the Cash Balance Benefit under Section 4.1(a) shall be computed based on the same crediting factors as in the Cash
Balance Supplement. 
 4.2 Form of Benefit Payment. The Cash Balance Benefit payable to a Participant under the Plan shall be paid in
the form of a lump sum. 
 4.3 Time of Payment. The Cash Balance Benefit shall be distributed to the Participant as soon as
administratively practicable after the date which is six months after the Participant’s Separation from Service, but not later than 90 days following such date. 
  

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 Article V 
 Death Benefits 
 5.1 Lump Sum Equivalent Death Benefit Before a Separation From Service.

 (a) If a Participant entitled to a Retirement Plan benefit other than the Cash Balance Supplement dies during employment on
a date that is on or after his or her Early Retirement Date, the Participant’s Beneficiary shall be entitled to the Lump Sum Equivalent that would have been payable to the Participant under this Plan. The Beneficiary’s benefit shall be
calculated under Section 3.1 as if the Participant had Retired on his or her date of death. A death benefit shall be payable under this Plan whether or not the Participant’s Beneficiary is entitled to a benefit under the Retirement Plan.
Payment shall be made as soon as administratively practicable, but not later than 90 days after the identity of the Participant’s Beneficiary has been confirmed. 
 (b) If a Participant entitled to a Retirement Plan benefit other than the Cash Balance Supplement dies during employment on a date that is
before his or her Early Retirement Date, a pre-retirement survivor benefit shall be payable to the surviving Spouse of the Participant if the Participant’s surviving Spouse is entitled to a Qualified Pre-Retirement Survivor Annuity under the
Retirement Plan. 
 (i) The Monthly Benefit of a surviving Spouse shall be a monthly amount equal to (x) minus
(y) below where: 
 (x) = the benefit that would have been payable monthly to the Spouse 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; and 
 (y) =
the benefit that the Spouse is entitled to receive monthly under the Retirement Plan. 
 (ii) The Monthly Pre-Retirement death
benefit payable to the Participant’s Spouse shall be paid in the form of the Lump Sum Equivalent as soon as administratively practicable, but not later than 90 days, after the identity of the Participant’s Spouse has been confirmed.

 5.2 Lump Sum Equivalent Death Benefit Following a Separation from Service. If a Participant entitled to a benefit under
Section 3.1 dies following a Separation from Service but before he or she has received payment of his or her Lump Sum Equivalent benefit pursuant to Section 3.3, payment of the Lump Sum Equivalent benefit shall be made to the
Participant’s Beneficiary. Payment shall be made as soon as administratively practicable, but not later than 90 days after the identity of the Participant’s Beneficiary has been confirmed. 
 5.3 Cash Balance Supplement Death Benefit. lf a Participant entitled to a Cash Balance Benefit under Article IV dies before receiving his or her
lump sum benefit payment, the Participant’s Beneficiary shall be entitled to the lump sum that would otherwise have been payable to the Participant under Section 4.1. The amount payable shall be determined as of the date of the
Participant’s 

  

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death. Payment shall be made as soon as administratively practicable, but not later than 90 days after the identity of the Participant’s Beneficiary has
been confirmed. If the Participant received a lump sum payment of the Cash Balance Benefit prior to his or her death, the Participant’s Beneficiary shall not be entitled to receive any benefit under this Plan after the Participant’s death.

  

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 Article VI 
 Beneficiary 
 6.1 Designation of Beneficiary. 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 Benefits Committee. In the absence of a valid Beneficiary
designation, a Participant’s surviving Spouse, if any, and if none, the Participant’s estate, shall be the Beneficiary. 
 6.2
Changing a Beneficiary Designation. A Participant may change a prior Beneficiary designation made under Section 6.1 by a subsequent execution of a new Beneficiary designation form. The change in Beneficiary will be effective upon receipt
by the Administrative Benefits Committee or its designee. 
 6.3 Proper Beneficiary. Any payment made to a Beneficiary under this Plan
by the Administrative Benefits Committee or its designee in good faith shall fully discharge the Company from all further obligations with respect to that payment. If the Administrative Benefits Committee or its designee has any doubt as to the
proper Beneficiary to receive a payment under this Plan, the Administrative Benefits Committee shall have the right to withhold such payment until the matter is fully adjudicated. 
 6.4 Minor or Incompetent Beneficiary. In making any payment to or for the benefit of any minor or an incompetent Beneficiary, the Administrative
Benefits Committee or its designee, in its sole and absolute discretion, may make a distribution to a legal or natural guardian or other relative of a minor or court-appointed representative of such incompetent. Alternatively, it may make a payment
to any adult with whom the minor or incompetent temporarily or permanently resides. The receipt by a guardian, representative, relative or other person shall be a complete discharge of the Company’s obligations under the Plan. The Company shall
have no responsibility to see to the proper application of any payment so made. 
  

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 Article VII 
 Coordination of Benefits 
 7.1 No Duplication of Benefits. It is not intended that a
Participant, Beneficiary, or Spouse receive duplicate benefits under this Plan. Notwithstanding anything in this Plan to the contrary, 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 7.1 shall be made in accordance with rules established by the Administrative Benefits Committee and applied
in a uniform and nondiscriminatory manner. 
 7.2 Other Benefits and Agreements. The benefits provided for a Participant and the
Participant’s Beneficiary or Spouse under the Plan are in addition to any other benefits available to such Participant, Beneficiary or Spouse 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. 
  

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 Article VIII 
 Amendment or Termination of Plan 
 8.1 Right to Amend or Terminate. Except as otherwise
specifically provided, the CGN Committee reserves the right to amend or terminate this Plan, in whole or in part, at any time and from time to time; provided, however, that: 
 (a) No such amendment 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; 
 (b) No such amendment or termination may create an
additional tax liability for a Participant under Code Section 409A; and 
 (c) 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 the Company, if any, shall apply to limit the ability of the CGN
Committee to amend or terminate this Plan with regard to the affected Participant unless the Participant agrees to such amendment or termination in writing. 
 8.2 Notice of Termination. 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 Effect of Termination. Except as otherwise provided in Sections 2.5 and 8.1 (c) relating to a Change
in Control or Potential Change in Control, 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. 
  

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 Article IX 
 Plan Administration 
 9.1 Interpretation and Finality of Determination. The Plan shall be
administered by the Administrative Benefits 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 Benefits Committee may adopt such rules and regulations as it may
deem necessary or desirable to carry out the purposes of the Plan. The Administrative Benefits 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. 
 9.2 Indemnification. The Company shall indemnify and save harmless each member of the
Administrative Benefits Committee and each member of the CGN 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 CGN Committee or the Administrative Benefits 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.

 9.3 Delegation. Any responsibility or authority given under this Plan to either the Administrative Benefits Committee or the CGN
Committee may be delegated by the respective committee, consistent with such Committee’s charter. Any such delegation shall be prospectively revocable at any time. 
 9.4 Claims Procedure. 
 (a) Benefits under the Plan typically will be paid in
accordance with the Plan’s terms without the need for a formal claim for benefits. However, any Participant, retired Participant, or Beneficiary of a Participant who believes he or she is entitled to a benefit that he or she has not received
shall be entitled to file with the Administrative Benefits Committee a claim for benefits under the Plan. Such 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 Benefits 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 Benefits 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 Benefits Committee expects to render the benefit determination. 
  

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 (c) Within sixty (60) days following the date the claimant receives written notice
of the denial of the claim, the claimant may request the CGN Committee to review the 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 CGN 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 CGN 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. 
  

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 Article X 
 Confidentiality and Noncompetition Provisions 
 10.1 Confidentiality. 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. 
 10.2 Noncompetition Requirement. 
 (a) By receiving a benefit under this Plan, a
Participant agrees that for a period of one (1) year following Separation from Service 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 Separation from Service either carrying on business or actively negotiating to enter business. 
 (b)
The CGN Committee (or its delegate) in its sole discretion has the authority to interpret and administer this Article X and to determine whether a business is in competition with the Company. In addition, a terminated Participant may request the CGN
Committee (or its delegate) to determine in advance whether a specific contemplated business or enterprise would be in competition with the Company for purposes of the Plan, and a response shall be provided to the Participant within a reasonable
time after all relevant information is provided to enable the CGN Committee (or its delegate) to make its determination. 
 10.3 Remedy
for Violation of Noncompetition Requirement. If the CGN Committee (or its delegate) determines that a terminated Participant who is entitled to receive or has received benefits under this Plan is, within one (1) year following Separation
from Service 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 Separation from Service either carrying on business or actively negotiating to enter business, then (a) the Participant shall forfeit all rights to any payment under the Plan, and (b) the
Participant shall be responsible for repaying to the Plan any payment already made to the Participant. 
 10.4 Company Right to Condition
Benefit. As a condition to receiving a benefit under the Plan, the CGN Committee may require the Participant to enter into a separate confidentiality and/or noncompetition agreement in a form acceptable to the Company. 
  

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 Article XI 
 Miscellaneous 
 11.1 No Funding. The Company has only a contractual obligation to make benefit
payments under this Plan. Nothing contained in this Plan shall require the Company to segregate any assets from its general fund, or to create any trusts, or to make any special deposits for any amounts to be paid to any Participant, former
Participant, Beneficiary, or Spouse. This Plan does not give a Participant, former Participant, Beneficiary or Spouse any interest, lien or claim against any specific assets of the Company. A Participant, former Participant, Beneficiary, or Spouse
shall have only the rights of general creditors of the Company, and their interest shall be that of a general creditor. 
 11.2 Source of
Benefit Payments. The Administrative Benefits Committee shall have the complete discretion to determine the source of any payment due under the Plan to any Participant, Beneficiary or Spouse; provided, however, that 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. Any amount payable to a Participant, Beneficiary or Spouse under the Plan may be paid in
part or in whole from a so-called “rabbi” trust maintained by or on behalf of the Company or to which the Company contributes. 
 11.3 Restrictions on Transfer. Benefits to which a Participant, Beneficiary, or Spouse may become entitled under the Plan are not subject in any manner to anticipation, alienation, sale, assignment, pledge, encumbrance or charge, and
any attempt to do is void. Benefits are not subject to attachment or legal process for the debts, contracts, liabilities, or torts of a Participant, Beneficiary, or Spouse. If any Participant, Beneficiary or Spouse becomes bankrupt or attempts 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 CGN Committee, shall cease and terminate, and, in such event, the CGN Committee may hold or apply
the same or any part thereof for the benefit of such Participant or Beneficiary, or Spouse, children, or other dependents, or any of them, in such manner and in such portion as the CGN Committee may deem proper. 
 11.4 Binding Upon Successors and Assigns. The Plan shall inure to the benefit of, and shall be binding upon, the Company and its successors and
assigns, and upon a Participant, a Beneficiary, a Spouse, and either of their assigns, heirs, executors and administrators. 
 11.5
Withholding Taxes. All payments under this Plan shall be subject to and net of an amount sufficient to satisfy all federal, state, and local withholding tax requirements. 
 11.6 Construction. Masculine pronouns wherever used shall include feminine pronouns and the use of the singular shall include the plural.

 11.7 Form of Communications. Any notice, claim, or other communication required or permitted to be made under the Plan shall be in
writing and in such form as the Administrative Benefits Committee shall prescribe. If a communication is to be given to the Company, such notice shall be 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, which may be an electronic mail address. 
  

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 11.8 No Contract of Employment. 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 employee eligible to participate in the Plan. The existence of this Plan does not constitute a contract for continued employment between
a Participant and the Company or any subsidiary or affiliate. 
 11.9 Governing Law. 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. 
  

 - 17 -EXHIBIT 10.21

 Exhibit 10.21 
 DOMINION RESOURCES, INC. 
 NON-EMPLOYEE DIRECTORS COMPENSATION PLAN 
 Originally Effective January 1, 2005 
 Amended and Restated Effective as of January 1, 2009 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	1.	  	PURPOSE	  	1
			
	2.	  	DEFINITIONS	  	1
			
	3.	  	PARTICIPATION IN THE PLAN	  	3
			
	4.	  	STOCK RESERVED FOR THE PLAN	  	4
			
	5.	  	DEFERRAL OF ANNUAL RETAINER AND MEETING FEES	  	4
			
	6.	  	DEFERRED ACCUMULATION BENEFIT	  	6
			
	7.	  	STOCK UNIT ACCOUNT	  	6
			
	8.	  	DISTRIBUTIONS	  	7
			
	9.	  	TRUST	  	7
			
	10.	  	NO ACCELERATION OF BENEFITS	  	8
			
	11.	  	RESTRICTED STOCK AND STOCK OPTIONS	  	8
			
	12.	  	EFFECT OF STOCK DIVIDENDS AND OTHER CHANGES TO COMPANY STOCK	  	8
			
	13.	  	INTERPRETATION AND ADMINISTRATION OF THE PLAN	  	9
			
	14.	  	TERM OF THE PLAN	  	9
			
	15.	  	AMENDMENT OF THE PLAN	  	9
			
	16.	  	RIGHTS UNDER THE PLAN	  	9
			
	17.	  	BENEFICIARY	  	9
			
	18.	  	NOTICE	  	10
			
	19.	  	CONSTRUCTION	  	10

  

 -i- 

 DOMINION RESOURCES, INC. 
 NON-EMPLOYEE DIRECTORS COMPENSATION PLAN 
  

	 	1.	Purpose  

 The Dominion Resources, Inc. Non-Employee
Directors Compensation Plan (the “Plan”) provides a mechanism for the Board of Directors of Dominion Resources, Inc. to pay compensation to its non-employee directors in cash or Dominion common stock. The Plan also allows such directors to
defer receipt of such compensation until a future date, if desired. The Plan is intended to constitute a deferred compensation plan for non-employee Directors that meets the requirements of Section 409A of the Internal Revenue Code (the
“Code”) and any regulations and other guidance thereunder. The Plan shall be interpreted to qualify under Code Section 409A. 
  

	 	2.	Definitions  

 As used in the Plan, the following
terms have the meanings indicated: 
 (a) “Annual Meeting” means the annual meeting of shareholders at which members of the
Board are routinely elected. 
 (b) “Annual Cash Retainer” means that portion of a Director’s Annual Retainer payable
in cash. 
 (c) “Annual Retainer” means the annual base retainer paid to a Director for service on the Board and/or a Board
committee, consisting of the Annual Cash Retainer and the Annual Stock Retainer. 
 (d) “Annual Stock Retainer” means that
portion of a Director’s Annual Retainer payable in Company Stock. 
 (e) “Board” means the Board of Directors of the
Company. 
 (f) “Code” means the Internal Revenue Code of 1986, as amended. 
 (g) “Company” means Dominion Resources, Inc., or any successor business by merger, purchase or otherwise that maintains the Plan.

 (h) “Company Stock” means the common stock of Dominion Resources, Inc. In the event of a change in the capital structure
of the Company, the shares resulting from such a change shall be deemed to be the Company Stock (as provided in Section 12) within the meaning of the Plan. 
 (i) “Deferral Election” has the meaning provided in Section 5(a). 
  

 -1- 

 (j) “Deferred Accumulation Benefit” has the meaning provided in Section 6(a).

 (k) “Deferred Cash” means the amount credited to a Director’s Deferred Compensation Account pursuant to an election
to defer an Annual Cash Retainer or cash Meeting Fees. 
 (l) “Deferred Cash Account” means the bookkeeping account for
Deferred Cash established for a Director pursuant to Section 5. 
 (m) “Director” means a member of the Company’s
Board who is not (i) a current employee of the Company, or (ii) a former employee of the Company entitled to compensation for current or prior services. For purposes of this Section 2(m) the term “compensation” shall exclude
payments to which the Director is entitled pursuant to the terms of any tax-qualified or non-qualified retirement plan or program sponsored by the Company. 
 (n) “Eligible Director” means a Director first elected to the Company’s (or wholly-owned subsidiary’s) Board between January 1, 1995 and January 1, 2004 who had not reached age 62
at the date of election. 
 (o) “Fair Market Value” means the closing price of a share of Company Stock, as reported in the
Wall Street Journal, on a specified date. 
 (p) “Meeting Fees” means the fees paid to a Director for attending Board
and Committee meetings, as determined by the Board according to the Company’s established rules for compensating Directors, excluding any expense reimbursements or similar items. 
 (q) “Plan Year” means a calendar year. 
 (r) “Restricted Stock” means Company Stock awarded upon the terms and subject to the restrictions set forth in Section 11. 
 (s) “Separation from Service” is intended to have the same meaning as this term is defined under Treasury Regulation section
1.409A-1(h). 
 (t) “Stock Accumulation Plan” means the Dominion Resources, Inc. Stock Accumulation Plan for Outside
Directors. 
 (u) “Stock Option” means a right to purchase Company Stock granted under the Plan, at a price determined in
accordance with Section 11. 
 (v) “Stock Unit” means a hypothetical share of Company Stock. Each Stock Unit held in a
Stock Unit Account shall be deemed to have the same value, from time to time, as a share of Company Stock, provided that Stock Units shall not confer upon any Director any of the rights associated with Company Stock, including, without limitation,
the right to vote or to receive distributions. 
  

 -2- 

 (w) “Stock Unit Account” means the bookkeeping account for all of a Director’s
Stock Units. 
 (x) “Trading Day” means a day in which the New York Stock Exchange (“NYSE”) is open and not listed
as a recognized holiday as reported on the NYSE’s web site. 
 (y) “Trust” has the meaning provided in Section 9.

  

	 	3.	Participation in the Plan 

 (a) Annual
Retainer. For service during a Plan Year, a Director may receive an Annual Retainer, consisting of the Annual Cash Retainer and the Annual Stock Retainer. The Board shall determine the amount of each portion of the Annual Retainer, if any.

 (i) The Annual Cash Retainer shall be paid as soon as administratively feasible following the Annual Meeting. 

(ii) The Annual Stock Retainer shall be issued as of the date of the Annual Meeting. If the Board designates the Annual Stock Retainer
as a cash amount rather than a number of shares, then the number of shares shall be determined by dividing the cash amount of the Annual Stock Retainer by the Fair Market Value of a share of Company Stock on the last Trading Day before the
Company’s Annual Meeting and the amount of the Annual Stock Retainer shall be rounded to the nearest whole share. 
 (iii) Notwithstanding Sections 3(a)(i) and (ii) above, a Director may elect to defer receipt of all or a portion of the Annual Retainer in accordance with the procedures set forth in Section 5. 
 (b) Meeting Fees. In addition to any Annual Retainer, a Director may also receive Meeting Fees based on his or her attendance at Company Board and
Committee meetings during a Plan Year. The Board shall determine the amount of Meeting Fees, if any, for each meeting. A Director may elect to receive all or a portion of his or her Meeting Fees in the form of cash or Company Stock, as elected by a
Director. If a Director does not make an election, Meeting Fees shall be paid in cash. 
 (i) Meeting Fees paid in cash shall
be paid as soon as administratively feasible after the day of the meeting for which the fee has been earned. 
 (ii) If a
Director has elected to receive all or a portion of his or her Meeting Fees in the form of Company Stock, the number of shares attributable to Meeting Fees paid in Company Stock shall be determined by dividing the amount of the Meeting Fee by the
Fair Market Value of a share of Company Stock on the last Trading Day of the month in which the meeting occurs and the number of shares shall be rounded to the nearest whole share. The Company Stock shall be issued as of the last Trading Day of the
month in which the meeting occurs. 
  

 -3- 

 (iii) A Director also may elect to defer receipt of all or a portion of his or her
Meeting Fees in accordance with the procedures set forth in Section 5. 
 (c) Deferred Accumulation Benefit. On January 1,
2005, a Deferred Accumulation Benefit was provided to each Eligible Director who, prior to January 1, 2005, was a participant in the Stock Accumulation Plan and who was not vested, in whole or in part, in either of his or her accounts under the
Stock Accumulation Plan as of December 31, 2004, as provided in Section 6. 
 (d) Other Compensation. The Board may provide
other compensation to a Director as it determines appropriate, to the extent consistent with any legal or regulatory requirements, including Restricted Stock and Stock Options as provided in Section 11. 
  

	 	4.	Stock Reserved for the Plan  

 The aggregate number
of shares of Company Stock authorized for distribution to Directors and Eligible Directors under Section 3 is 1,000,000, subject to adjustment pursuant to Section 12. 
  

	 	5.	Deferral of Annual Retainer and Meeting Fees 

 (a)
Deferral Election Procedure. A Director may elect to defer the receipt of all or a portion of his or her Annual Retainer and/or Meeting Fees by completing a deferral election form provided by the Company for this purpose (“Deferral
Election”). A Deferral Election must be in writing and delivered to the Corporate Secretary of the Company by December 31 of the year prior to the start of the Plan Year to which the Deferral Election pertains. A Director who first becomes
eligible to participate in the Plan during a Plan Year may submit a Deferral Election within 30 days of the date on which he or she becomes eligible to participate. A Deferral Election once made for a Plan Year shall be irrevocable. A Deferral
Election may be made for a single Plan Year or may be made applicable to all future Plan Years until revoked. Any revocation shall be effective as of the first day of the next Plan Year after the revocation is made. 
 (b) Deferral of Annual Retainer. 
 (i) A Director may elect to defer all or a portion of his or her Annual Stock Retainer in increments of 10%. A deferred Annual Stock Retainer shall be credited in the form of Stock Units to the Director’s Stock Unit Account as of the
day of the Company’s Annual Meeting. The number of Stock Units credited to the Stock Unit Account shall be equal to the number of shares of Company Stock that would have been issued to the Director in the absence of a Deferral Election.

  

 -4- 

 (ii) A Director may elect to defer all or a portion of his or her Annual Cash Retainer in increments of
10%. A Director may elect to have the deferred Annual Cash Retainer credited to his or her Deferred Cash Account or Stock Unit Account, or a combination of the two accounts. The Director’s Deferral Election shall specify the portion to be
deferred to each account in increments of 10% and the Deferral Election shall be irrevocable. Once the Deferral Election has been made, a Director may not elect to convert deferred Stock Units to Deferred Cash or vice versa. 
 (iii) The number of Stock Units credited to the Director’s Stock Unit Account attributable to a deferred Annual Cash Retainer shall be determined
by dividing the amount of the deferred Annual Cash Retainer by the Fair Market Value of a share of Company Stock on the last Trading Day before the Company’s Annual Meeting and the amount of the deferred Annual Cash Retainer shall be rounded to
the nearest whole share. 
 (iv) Deferrals of the Annual Cash Retainer in the form of Deferred Cash shall be credited to the Director’s
Deferred Cash Account as of the day the Annual Cash Retainer would have been paid to the Director but for the deferral. 
 (c) Deferral of
Meeting Fees. 
 (i) A Director may elect to defer the receipt of all or a portion of his or her Meeting Fees in increments of 10%.

 (ii) If a Director has elected to receive Meeting Fees in the form of Company Stock, deferred stock Meeting Fees shall be credited to his
or her Stock Unit Account as of the last Trading Day of the month in which the meeting occurs. The number of Stock Units credited to the Stock Unit Account shall be equal to the number of shares of Company Stock that would have been issued to the
Director if a Deferral Election had not been made. 
 (iii) If a Director has elected to receive Meeting Fees in the form of cash, the
Director may elect to have deferred cash Meeting Fees credited to his or her Deferred Cash Account or Stock Unit Account, or a combination of the two accounts. The Director’s Deferral Election shall specify the portion to be deferred to each
account in increments of 10% and the election shall be irrevocable. Once the Deferral Election has been made, a Director may not elect to convert deferred Stock Units to Deferred Cash or vice versa. 
 (iv) The number of Stock Units attributable to cash Meeting Fees shall be determined by dividing the amount of the deferred Meeting Fee by the Fair
Market Value of a share of Company Stock on the last day of the month in which the meeting occurs and the Stock Units shall be credited to the Director’s Stock Unit Account as of that date and the amount of deferred cash Meeting Fees shall be
rounded to the nearest whole share. 
 (v) Deferrals of cash Meeting Fees in the form of Deferred Cash shall be credited to the
Director’s Deferred Cash Account as of the day the Meeting Fees would have been paid to the Director in the absence of a Deferral Election. 
  

 -5- 

 (d) Interest Credits to Deferred Cash Accounts. Interest is credited to a Deferred Cash Account on
the last day of each calendar quarter of the Plan Year based on the balance in the Deferred Cash Account at the end of the preceding day. Interest will be credited at the annual rate established for the fixed rate fund used for various Dominion
Resources, Inc. deferred compensation plans. Interest credits are accrued on a monthly basis through the end of the month preceding the month of distribution of a Deferred Cash Account. 
  

	 	6.	Deferred Accumulation Benefit 

 (a) Any Eligible
Director who was a participant in the Stock Accumulation Plan, who was not vested in whole or part in the Stock Accumulation Plan as of December 31, 2004, who ceased to participate in the Stock Accumulation Plan and who was a Director on
January 1, 2005 received a Deferred Accumulation Benefit. The amount of the Deferred Accumulation Benefit was the number of Stock Units equal to (i) the number of Stock Units held in the Eligible Director’s accounts under the Stock
Accumulation Plan as of December 31, 2004, divided by (ii) 17 and (iii) multiplied by the number of years the Director had been a member of the Company’s Board as of December 31, 2004. 
 (b) The Company credited the appropriate number of Stock Units as a result of the Deferred Accumulation Benefit to the Eligible Director’s Stock
Unit Account as of January 1, 2005. 
  

	 	7.	Stock Unit Account 

 (a) All Stock Units credited to
a Director’s Stock Unit Account shall be credited with hypothetical cash dividends equal to the cash dividends that are declared and paid on Company Stock. On each record date, the Company shall determine the amount of cash dividends to be paid
per share of Company Stock. On the payment date of such dividend, the Company shall credit an equal amount of hypothetical cash dividends to each Stock Unit. The hypothetical cash dividends shall be converted into Stock Units by dividing the
hypothetical cash dividends by the Fair Market Value of Company Stock for the last Trading Day preceding the day on which the Company pays dividends on its Common Stock. With respect to the March 20, 2005 dividend only, the number of Stock
Units credited to a Director’s Stock Unit Account shall be rounded to the nearest whole share. Hypothetical cash dividends shall continue to be credited to Stock Units and shall be converted into additional Stock Units as described in this
subsection until all of the Stock Units in a Director’s Stock Unit Account have been distributed. The provisions of this subsection shall also apply to any distribution of Company Stock other than cash dividends or stock dividends, the market
value of any such distributions to be determined by the Board. 
 (b) Stock Units and the Stock Unit Account may not be sold, assigned,
transferred, disposed of, pledged, hypothecated or otherwise encumbered. 
  

 -6- 

	 	8.	Distributions 

 (a) Distribution Election. A
Director may elect to receive his or her Deferred Cash Account and Stock Unit Account in a single lump sum payment or in ten (10) substantially equal annual installments. Except as permitted under any transition rule of Code section 409A for
periods prior to January 1, 2009, a distribution election shall be made at the time the Director makes his or her initial Deferral Election and shall be irrevocable. If a Director has not made a valid election with respect to distributions from
his or her Deferred Cash Account and Stock Unit Account, then such distributions shall be in the form of a lump sum payment. 
 (b) Time
of Distribution. Distribution of the Deferred Cash Account and Stock Unit Account shall be made (or in the case of installment payments, shall begin) as soon as administratively practicable after, but no later than 90 days after, the
Director’s Separation from Service. 
 (c) Distribution upon Death of Director. In the event of a Director’s Separation from
Service on account of death, payment shall be made to the Director’s Beneficiary in a single lump sum payment as soon as administratively practicable after, but no later than 90 days after, the death. If a Director dies after installment
payments have commenced, the balance of the unpaid installment payments shall be paid in a single lump sum payment as soon as administratively practicable after, but no later than 90 days after, the Director’s death. 
 (d) Form of Payment. Payment of the Deferred Cash Account shall be made in cash. Payment of the Stock Unit Account shall be made in whole shares
of Company Stock equal to the number of whole Stock Units in the Stock Unit Account. Payment for fractional shares shall be made in cash. 
  

	 	9.	Trust 

 (a) With respect to the (i) deferred
portion of the Annual Stock Retainer; (ii) the Annual Cash Retainer and Meeting Fees deferred into Stock Units; and (iii) Deferred Accumulation Benefits, the Company shall issue shares of Company Stock to a Trust equal to the number of
Stock Units. 
 (b) The Corporate Secretary of the Company shall be the trustee of the Trust unless the Board designates another person or
entity as trustee. The Trust shall secure the Company’s obligation to pay shares of Company Stock to the Director. The Trust and its assets shall remain subject to the claims of the Company’s creditors. Any interest that the Director may
be deemed to have in the Trust may not be sold, hypothecated or transferred (including, without limitation, transfer by gift), except by will or the laws of descent and distribution. Shares issued to the Trust shall be issued in the name of the
trustee and the trustee shall maintain a separate account for each Director. The trustee shall invest all cash dividends on Company Stock in additional shares of Company Stock to be held in the separate account of the Director. The Director shall
have the right to direct the trustee as to the voting of the number of shares of Company Stock equal to the number of Stock Units in the Director’s Stock Unit Account. 
  

 -7- 

	 	10.	No Acceleration of Benefits 

 Notwithstanding any
other provision in this Plan to the contrary, the time or schedule for any payment of the Deferred Cash Account or the Stock Unit Account under this Plan shall not be accelerated under any circumstances. 
  

	 	11.	Restricted Stock and Stock Options 

 The Plan also
permits the award of Restricted Stock and Stock Options to Directors. The Board has the power and complete discretion to select Directors to receive such awards, and, under provisions consistent with this Section 11, to determine the terms and
conditions, the nature of the award and the number of shares to be allocated as part of each award for each Director. 
 (a) The Board shall
establish as to each award of Restricted Stock, the terms and conditions upon which the restrictions shall lapse. Shares of Restricted Stock may not be sold, assigned, transferred, pledged, hypothecated, or otherwise encumbered or disposed of until
the restrictions on such shares as set forth in the restricted stock agreement have lapsed. Whenever the Board deems it appropriate to grant Restricted Stock to a Director, notice shall be given to the Director stating the number of shares of
Restricted Stock granted and the terms and conditions to which the Restricted Stock is subject. This notice shall become a grant agreement between the Company and the Director. Upon the award of Restricted Stock, the Director shall have all the
rights of a shareholder with respect to such shares of Restricted Stock, including, but not limited to, the right to vote such shares of Restricted Stock and the right to receive all dividends and other distributions paid thereon. Certificates
representing Restricted Stock shall be held by the Company until the restrictions lapse and the Director shall provide the Company with appropriate stock powers endorsed in blank. 
 (b) Whenever the Board deems it appropriate to grant Options, notice shall be given to the Director stating the number of shares for which Options are
granted, Option price per share, and the conditions to which the grant and exercise of the Options are subject. This notice shall become a stock option agreement. The exercise price of shares of Company Stock covered by a Stock Option shall be not
less than 100% of the Fair Market Value of Company Stock on the day prior to the grant of the Stock Option. Stock Options may be exercised in whole or in part at such time as may be specified in the stock option agreement; provided that no Stock
Option may be exercised after the expiration of eight (8) years from the date of the grant of the Stock Option. 
  

	 	12.	Effect of Stock Dividends and Other Changes to Company Stock  

 In the event of a stock dividend, stock split or combination of shares, recapitalization or merger in which the Company is the surviving corporation or other change in the Company’s capital stock, the number and
kind of shares of Company Stock to be subject to the Plan and the maximum number of shares which are authorized for distribution under the Plan shall be appropriately adjusted by the Board or a Committee of the Board, whose determination shall be
binding on all persons. 
  

 -8- 

	 	13.	Interpretation and Administration of the Plan  

 The
Board shall administer, construe and interpret the Plan. Any decision of the Board with respect to the Plan shall be final, conclusive and binding upon all Directors. The Board may act by a majority of its members. The Board may authorize any member
of the Board or any officer of the Company to execute and deliver documents on behalf of the Board. The Board may consult with counsel, who may be counsel to the Company, and shall not incur any liability for action taken in good faith in reliance
upon the advice of counsel. The Corporate Secretary of the Company, or his or her designate, shall be authorized to take or cause to be taken such actions of a ministerial nature as necessary to effectuate the intent and purposes of the Plan,
including issuing Company Stock for the Plan, maintaining records of the Directors accounts, and arranging for distributions of such accounts in accordance with this Plan document. The Board shall interpret this Plan for all purposes in accordance
with Code section 409A and the regulations thereunder. 
  

	 	14.	Term of the Plan  

 The Plan shall continue until
terminated at any time by action of the Board or until there are no remaining shares available for the Plan under Section 4. Any termination of the Plan by the Board shall not alter or impair any of the rights or obligations for any benefit
previously deferred under the Plan. 
  

	 	15.	Amendment of the Plan  

 The Board may suspend or
terminate the Plan or revise or amend the Plan in any respect; provided, any amendment or termination of the Plan shall not adversely affect a Director with respect to any benefit previously deferred under the Plan. 
  

	 	16.	Rights Under the Plan  

 The Plan shall not
constitute or be evidence of any agreement or understanding, express or implied, that the Company will retain any person as a director for any period of time. 
  

	 	17.	Beneficiary  

 A Director may designate in writing
delivered to the Company’s Corporate Secretary, one or more beneficiaries (which may include a trust) to receive any distributions under the Plan after the death of the Director. If a Director fails to designate a beneficiary, or no designated
beneficiary survives the Director, any payments to be made with respect to the Director after death shall be made to the personal representative of the Director’s estate. 
  

 -9- 

	 	18.	Notice  

 All notices and other communications
required or permitted to be given under this Plan shall be in writing and shall be deemed to have been duly given if delivered personally or mailed first class, postage prepaid, as follows: (a) if to the Company—at its principal business
address to the attention of the Corporate Secretary; (b) if to any Director—at the last address of the Director known to the sender at the time the notice or other communication is sent. 
  

	 	19.	Construction 

 The Plan shall be construed
and enforced according to the laws of the Commonwealth of Virginia, without regard to its choice of law provisions. Headings and captions are for convenience only and have no substantive meaning. Reference to one gender includes the other, and
references to the singular and plural include each other. 
  

 -10-

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