Document:

Exhibit 10.20

 Exhibit 10.20 
 A.T. MASSEY COAL COMPANY, INC. 
 SUPPLEMENTAL BENEFIT PLAN 
 Amended and Restated Effective January 1, 2009 

 TABLE OF CONTENTS 
  

					
	INTRODUCTION	  	1
		
	ARTICLE I DEFINITIONS	  	1
			
	 1.01.
	  	Actuarial Equivalent	  	1
	 1.02.
	  	Affiliate	  	1
	 1.03.
	  	Beneficiary	  	2
	 1.04.
	  	Board	  	2
	 1.05.
	  	Code	  	2
	 1.06.
	  	Committee	  	2
	 1.07.
	  	Company	  	2
	 1.08.
	  	Credited Service	  	2
	 1.09.
	  	Delayed Retirement Date	  	2
	 1.10.
	  	Disability or Disabled	  	2
	 1.11
	  	Disability Retirement Date	  	3
	 1.12.
	  	Early Retirement Date	  	3
	 1.13.
	  	Eligible Employee	  	3
	 1.14.
	  	Normal Retirement Age	  	3
	 1.15.
	  	Normal Retirement Date	  	3
	 1.16.
	  	Participant	  	3
	 1.17.
	  	Pension Plan	  	3
	 1.18.
	  	Plan	  	4
	 1.19.
	  	Qualified Preretirement Survivor Annuity	  	4
	 1.20.
	  	Retirement and Retire	  	4
	 1.21.
	  	Separation from Service	  	4
	 1.22
	  	Surviving Spouse or Spouse	  	5
		
	ARTICLE II PARTICIPATION	  	5
		
	ARTICLE III BENEFITS	  	5
			
	 3.01.
	  	Amount of Benefit	  	5
	 3.02.
	  	Timing and Form of Payment	  	6
	 3.03.
	  	Disability	  	7
	 3.04.
	  	Death Benefits	  	8
	 3.05.
	  	Six Month Delay in Payment Commencement to Participants	  	8
		
	ARTICLE IV GUARANTEES	  	8
		
	ARTICLE V TERMINATION OF EMPLOYMENT	  	9
			
	 5.01.
	  	Termination of Employment	  	9

  

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	 5.02.
	  	Vesting and Benefit Entitlement	  	9
	 5.03.
	  	Reemployment	  	9
		
	ARTICLE VI TERMINATION, AMENDMENT OR MODIFICATION OF PLAN	  	10
			
	 6.01.
	  	Amendment or Termination	  	10
	 6.02.
	  	Notice Requirement	  	10
	 6.03.
	  	Limitation on Amendment, Termination, etc.	  	10
	 6.04.
	  	Effect of Plan Termination	  	10
		
	ARTICLE VII OTHER BENEFITS AND AGREEMENTS	  	11
		
	ARTICLE VIII RESTRICTIONS ON TRANSFER OF BENEFITS	  	11
		
	ARTICLE IX ADMINISTRATION OF THE PLAN	  	11
			
	 9.01.
	  	The Committee	  	11
	 9.02.
	  	Indemnification of the Committee	  	11
	 9.03.
	  	Powers of the Committee	  	12
	 9.04.
	  	Information	  	12
	 9.05.
	  	Claims Procedure	  	12
		
	ARTICLE X MISCELLANEOUS	  	12
			
	 10.01.
	  	Binding Nature	  	12
	 10.02.
	  	Governing Law	  	12
	 10.03.
	  	Use of Masculine and Feminine; Singular and Plural	  	12
	 10.04.
	  	No Guarantee of Employment	  	12
	 10.05.
	  	Deferred Compensation Plan Omnibus Provision	  	13
		
	ARTICLE XI ADOPTION	  	13

  

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 INTRODUCTION 
 The Board of Directors of A.T. Massey Coal Company, Inc. adopted the Supplemental Benefit Plan effective January 1, 1995, amended it effective November 22, 2000 and January 1, 2006 and amended and
restated it effective January 1, 2009 as set forth herein. The Board has determined that the Plan assists A.T. Massey Coal Company in attracting and retaining those employees whose judgment, abilities and experience will contribute to its
continued progress. The purpose of the Plan is to provide a benefit for those employees whose benefits under the Company’s Pension Plan are limited by the application of sections 415 and 401(a)(17) of the Code and who are selected by the
Committee to participate in the Plan. 
 The Plan is intended to be 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 as amended). The Plan must be administered and construed in a manner that is
consistent with that intent. 
 The terms of the Plan as amended and restated herein are effective January 1, 2009, unless otherwise
stated herein. 
 ARTICLE I 
 DEFINITIONS 
 The following phrases or terms have the indicated meanings: 
  

	1.01.	Actuarial Equivalent 

 Actuarial Equivalent
means a benefit of equivalent value based on the factors and assumptions employed in determining actuarial equivalencies to the normal form of benefit under the Pension Plan. 
  

	1.02.	Affiliate 

 Affiliate means (i) any
entity that is a member of a controlled group of corporations as defined in Code Section 1563(a), determined without regard to Code Sections 1563(a)(4) and 1563(e)(3)(c), of which the Company is a member according to Code section 414(b);
(ii) an unincorporated trade or business that is under common control with the Company as determined according to Code Section 414(c); (iii) a member of an affiliated service group of which the Company is a member according to Code
section 414(m); or (iv) any entity that is required to be aggregated with the Company according to Section 414(o). 
  

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	1.03.	Beneficiary 

 Beneficiary means the person,
persons, entity, entities or the estate of a Participant, which in accordance with the provisions of the Pension Plan, is entitled to receive benefits under the Pension Plan on account of the Participant’s death. 
  

	1.04.	Board 

 Board means the Board of Directors of
A.T. Massey Coal Company, Inc. 
  

	1.05.	Code 

 Code means the Internal Revenue Code
of 1986, as amended, and, to the extent not inconsistent therewith, regulations and other guidance issued thereunder. 
  

	1.06.	Committee 

 Committee means the Executive
Benefit Committee appointed by the Board which shall, in accordance with the provisions of Article IX hereof, be responsible for the management and administration of the Plan. 
  

	1.07.	Company 

 Company means A.T. Massey Coal
Company, Inc. 
  

	1.08.	Credited Service 

 Credited Service shall
have the same meaning such term has under the Pension Plan as in effect on January 1, 2009. 
  

	1.09.	Delayed Retirement Date 

 Delayed Retirement
Date means the first day of the month coinciding with or next following the Participant’s Separation from Service for any reason other than death after his Normal Retirement Date, provided the Participant has at least five (5) years of
Credited Service. 
  

	1.10	Disability or Disabled 

 Disability or
Disabled shall have the same meanings such terms have under the Pension Plan as in effect on January 1, 2009. 
  

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	1.11.	Disability Retirement Date 

 Disability
Retirement Date means the date of the Participant’s Separation from Service on account of his Disability before his death or Early Retirement Date, provided the Participant has at least ten (10) years of Credited Service. 
  

	1.12	Early Retirement Date 

 Early Retirement Date
means the first day of the month coinciding with or next following the Participant’s Separation from Service for any reason other than death before his Normal Retirement Date and on or after the first day of the month coincident with or next
following the date on which the Participant attains age fifty-five (55), provided the Participant has at lest five (5) years of Credited Service. 
  

	1.13.	Eligible Employee 

 Eligible Employee means
an individual who (i) is employed by the Company or an Affiliate; (ii) is a member of management or is a highly compensated employee; and (iii) whose Pension Plan benefits are limited by Code sections 415 or 401(a)(17) or both.

  

	1.14.	Normal Retirement Age 

 Normal Retirement Age
means the age which the Participant must attain to reach “Normal Retirement Age” within the meaning of the Pension Plan as in effect on January 1, 2009. 
  

	1.15.	Normal Retirement Date 

 Normal Retirement
Date means the first date of the month coinciding with or next following the Participant’s attaining his Normal Retirement Age, provided the Participant has at least five (5) years of Credited Service. 
  

	1.16.	Participant 

 Participant means an Eligible
Employee who is designated by the Committee to participate in the Plan in accordance with Article II. An individual shall remain a Participant only so long as the individual remains an Eligible Employee and his designation as a Participant has not
been revoked or rescinded by the Committee. 
  

	1.17.	Pension Plan 

 Pension Plan means the Coal
Company Employees’ Pension Plan through October 1, 2001. On and after October 1, 2001 (when the Coal Company Employees’ Pension Plan was amended and restated, and renamed, as the Massey Energy Retirement Plan), Pension Plan means
the “Coal Company Plan” component of the Massey Energy Retirement Plan for “Coal Company Participants” (as defined therein) unless otherwise expressly provided herein. The Massey Energy Retirement Plan includes several component
plans, including the “Coal Company Plan” component, the “Central Appalachian Plan” component, and the “MERP” component. 
  

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 Effective November 22, 2000, Pension Plan includes the Mingo-Pike Employees’ Pension Plan with
respect to the Eligible Employees who are employed by the Company or an Affiliate on or after November 22, 2000. 
  

	1.18.	Plan 

 Plan means the A.T. Massey Coal
Company, Inc. Supplemental Benefit Plan as amended and restated hereafter. 
  

	1.19.	Qualified Preretirement Survivor Annuity 

 Qualified Preretirement Survivor Annuity means the monthly benefit payable to the Surviving Spouse, if any, for the life of the Surviving Spouse on the death of a Participant prior to his Disability Retirement Date and Retirement calculated
consistent with the methodology for a Qualified Preretirement Survivor Annuity described in the Pension Plan as in effect on January 1, 2009. 
  

	1.20.	Retirement and Retire 

 Retirement and Retire
mean the Participant’s Separation from Service for any reason other than death with the Company and all Affiliates on or after his Early Retirement Date or Normal Retirement Date, as applicable, except as provided in Article V of the Plan.

  

	1.21.	Separation from Service 

 (a) Separation from
Service means the Participant dies, retires or otherwise has a termination of employment with the Company and all Affiliates. The employment relationship is treated as continuing intact while the Participant is on military leave, sick leave, or
other bona fide leave of absence if the period of such leave does not exceed six (6) months, of if longer, so long as the Participant retains the right to reemployment with the Company or an Affiliate under an applicable statute or by contract.
For purposes of the Plan, a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for the Company or an Affiliate. If the period of leave exceeds six
(6) months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed terminated on the first date immediately following such six (6)-month period. 

(b) Whether a termination of employment has occurred is based on whether the facts and circumstances indicate that the Company and its Affiliates and
Participant reasonably anticipate that no further services would be performed after a certain date or that the level of bona fide services the Participant would perform after such date (whether as an employee or as an independent contractor) would
permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or as an independent contractor) over the immediately preceding thirty-six (36) months (or the full
period of service to the Company and its Affiliates if the Participant has been providing services to the Company and its Affiliates less than thirty-six (36) months). 
  

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 (c) If the Participant provides services both as an employee as an independent contractor of the Company
or an Affiliate, the Participant must separate from service both as an employee and as an independent contractor to be treated as having separated from service. If the Participant ceases providing services as an independent contractor and begins
providing services as an employee, or ceases providing services as an employee and begins providing services as an independent contractor, the Participant will not be considered to have separation from service until the Participant has ceased
providing services in both capacities. 
 (d) Notwithstanding the foregoing, if the Participant provides services both as an employee of the
Company and an Affiliate and as a member of the board of directors of the Company or an Affiliate, the services provided as a director will not be taken into account in determining whether the Participant has a separation from service as an employee
for purposes of this Plan provided the Plan is not aggregated with any other plan in which the Participant participates as a director. 
  

	1.22.	Surviving Spouse or Spouse 

 Surviving Spouse
or Spouse means the person to whom the Participant was legally married on his Disability Retirement Date, Retirement or death, as applicable. 
 ARTICLE II 
 PARTICIPATION 
 An Eligible Employee who is designated to participate in the Plan by the Committee shall become a Participant in the Plan as of the date specified by the Committee. A Participant shall continue to participate until
such date as the Committee declares he is no longer a Participant or until the date that he is no longer an Eligible Employee. 
 ARTICLE
III 
 BENEFITS 
  

	3.01.	Amount of Benefit 

 A Participant shall be
entitled upon Retirement to a monthly Retirement benefit which is equal to the Actuarial Equivalent (determined as a straight life annuity) of the difference between (a) and (b) below where: 
 (a) equals the Pension Plan benefit that would have been payable to the Participant under the Pension Plan at that time, but for the limits set forth in
Code section 401(a)(17) and 415, if applicable, and 
  

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 (b) equals the benefit that the Participant is entitled to receive under the Pension Plan at that time
assuming the Participant had a Separation from Service and commenced receipt of his benefits under the Pension Plan. 
 With respect to any
Participant who is a participant in the Mingo-Pike Employees’ Pension Plan, the amount in (a) above shall be determined assuming such Participant participated in the “Coal Company Plan” component of the Massey Energy Retirement
Plan (including the “Central Appalachian Plan” component thereof), as determined by the Committee, and the amount in (b) above is the Actuarial Equivalent (using the factors and assumptions set forth in the “Coal Company
Plan” component or the “Central Appalachian Plan” component, whichever is applicable) of the Participant’s account balance under the Mingo-Pike Employees’ Pension Plan as of the date of determination. 
 Notwithstanding any other provision in the Plan, if the Participant is provided special benefit provisions relating to the calculation of his monthly
Retirement benefit under the Plan in an employment or similar agreement between the Participant and the Company or any of its Affiliates where the Employment Agreement is either approved by the Compensation Committee or Board of Directors of Massey
Energy Company if the Participant is an executive officer of Massey Energy company or is approved by the Board of Directors of the Company if the Participant is not an executive officer of Massey Energy Company (an “Approved Employment
Agreement”), the applicable provisions of such Approved Employment Agreement shall be incorporated by reference into the Plan and applied in determining the amount of the Participant’s monthly Retirement benefit or other applicable
entitlements under the Plan. Any Approved Employment Agreement shall be scheduled on the attached Exhibit II. 
  

	3.02.	Timing and Form of Payment 

 (a) Except as
provided in Section 3.02(b) and subject to Section 3.05, the payment of any benefit to a Participant under this Article shall begin as of the first day of the month coinciding with or next following the later of the Participant’s
Retirement or his attaining age fifty-five (55). Notwithstanding the forgoing, the Committee may permit the Participant (i) to make an election within thirty (30) days after he is first designated as a Participant to the extent permitted
by Code Section 409A and/or (ii) make an election pursuant to the transition rule under Code Section 409A not later than December 31, 2008 (which election under (ii) shall be effective January 1, 2009), pursuant to
which the Participant can elect to receive payment commencing on the first day of the month coinciding with or next following the later of the date on which the Participant Separates from Service or the Participant’s Normal Retirement Date,
subject to Section 3.05. 
 (b) Subject to Section 3.05 and with the consent of the Committee, a Participant may make an
irrevocable election to defer commencement of his benefit for a period of not less than five (5) years from the date such payments would otherwise have been paid (or in the case of an annuity, five (5) years from the date the first amount
is scheduled to be paid), so long as (i) the election is made not less than twelve (12) months prior to the date the payment is scheduled to be paid (or in the case of an annuity, twelve (12) months from the date the first amount is
scheduled to be paid), (ii) such election does not take effect until at least twelve (12) months after the date on which the election is made, and (iii) the deferral will not provide for a commencement date that falls 

  

 6 

 
after the date the Participant attains age seventy and one-half (70  1/2). When making the election, a Participant must elect a date certain on which the payments will commence as soon as administratively practicable in accordance with the procedures established by
the Committee. 
 (c) The normal form of benefit payable under the Plan is a single life annuity. Notwithstanding the foregoing, a
Participant may elect one of the alternative forms of payment set forth below 
 (i) Joint and Last Survivor Option that provides monthly
payments for the life of Participant with a survivor annuity (in the form of monthly payments) for the life of the Participant’s Beneficiary which is either fifty percent (50%), seventy-five percent (75%) or one hundred percent
(100%) of the amount of the annuity payable during the life of the Participant; or 
 (ii) Ten Year Certain Option that provides for
monthly payments for the Participant’s lifetime, guaranteed for a total of ten (10) years. In the event the Participant dies before the end of the ten (10) year period, payments shall continue to his Beneficiary until the end of the
ten (10) year period. 
 (d) A Participant may elect at any time to change the form of benefit among the single life annuity, the
various joint and last survivor annuity options and the ten year certain option, provided the election is made before the date the first amount is scheduled to be paid. 
 (e) Benefits not payable in the form of a single life annuity or commencing prior to what would have been the Participant’s Normal Retirement Date must be the Actuarial Equivalent of a single life annuity and
reduced to reflect early commencement based on the factors and assumptions employed under the Pension Plan. Benefits that are to commence after the Participant’s Normal Retirement Date will be increased on an Actuarially Equivalent basis, using
the applicable factors and rules employed under the Pension Plan. All of the forms of benefit must be Actuarially Equivalent to the single life annuity. 
  

	3.03.	Disability 

 Subject to Section 3.05, a
Participant shall be entitled upon his Disability Retirement Date to receive a benefit calculated in the same manner as set forth in Sections 3.01 and 3.02 based on the years of Credited Service earned by the Participant as of such date (as if the
Participant’s Disability Retirement Date were the Participant’s Early Retirement Date) and paid in the same manner as set forth in Sections 3.01 and 3.02 (with the delay required by Section 3.05, as applicable). Notwithstanding the
foregoing, in the event that the Participant either : (i) has elected to commence payment upon the later of the first day of the month coinciding with or next following his Retirement or his Normal Retirement Date pursuant to
Section 3.02(a) or (ii) has elected to defer commencement to a date certain that is not less than five (5) years from the date such payment would otherwise have been paid pursuant to Section 3.02(b), the commencement date of the
Participant’s benefit under this Section 3.03 shall be in accordance with Participant’s applicable election, subject to Section 3.05. 
  

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	3.04.	Death Benefits 

 (a) If a Participant dies
prior to his applicable benefit commencement date under Section 3.02 (taking into account any delay required by Section 3.05), and if he has attained a vested or nonforfeitable interest in his Plan benefit pursuant to Section 5.02
hereof, the Participant’s Surviving Spouse will be entitled to receive a Qualified Preretirement Survivor Annuity commencing as of the first day of the month coinciding with or next following (i) the date of the Participant’s death if
he attained age fifty-five (55) on or before the date of his death or (ii) the date on which the Participant would have attained age fifty-five (55) if he dies prior to age fifty-five (55). The amount of the Qualified Preretirement
Survivor Annuity will be calculated as set forth in Plan section 3.01 and 3.02 and based on the years of Credited Service earned by the Participant as of his death. 
 (b) If a Participant dies after his benefit commencement date under Section 3.02 (taking into account any delay required by Section 3.05), benefits will continue to be paid in accordance with the form of
payment at commencement of the benefit. 
  

	3.05.	Six Month Delay in Payment Commencement to Participants 

 Notwithstanding anything to the contrary in the foregoing, effective January 1, 2009, if a Participant is entitled to benefits under this Plan upon a Separation from Service, then no payments may be made
hereunder to the Participant before the first day of the month coinciding with or next following the date which is six (6) months after the Participant’s Separation from Service for any reason other than death or, if earlier, his date of
death. All such amounts which would have otherwise (but for this Section) been required to be paid to the Participant during such six (6) months or, if earlier, the Participant’s death, shall be paid in one lump payment (without interest)
on the first day of the month coinciding with or next following the date which is six (6) months after the Participant’s Separation from Service for any reason other than death or, if earlier, the Participant’s death. Any other
payments scheduled to be made after such period shall be made at the same times otherwise designated herein disregarding the delay for payments required pursuant to this Section 3.05. This provision is intended to comply with the
“specified employee” rule of Code Section 409A and shall be interpreted accordingly. 
 ARTICLE IV 
 GUARANTEES 
 The Company has
only a contractual obligation to pay the benefits described in Article III. All benefits are to be satisfied solely out of the general corporate assets of the Company which shall remain subject 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. 
  

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 ARTICLE V 
 TERMINATION OF EMPLOYMENT 
  

	5.01.	Termination of Employment 

 Except as
provided in section 5.02 below, a Participant who ceases to be an Eligible Employee or whose employment with the Company and its Affiliates is terminated either with or without cause or for any reason whatsoever, and is not otherwise entitled to
receive a benefit pursuant to Article III of the Plan, shall immediately cease to be a Participant under this Plan and shall forfeit all rights under this Plan. Further, except as provided in section 5.02 below, in no event shall an individual who
was a Participant but is not a Participant at the time of such individual’s death, Retirement or Disability Retirement Date, be entitled to any benefit under the Plan. A Participant on authorized leave of absence from the Company or an
Affiliate shall not be deemed to have terminated employment or lost his status as an Eligible Employee for the duration of such leave of absence. 
  

	5.02.	Vesting and Benefit Entitlement 

 A
Participant’s right to a benefit under this Plan shall be fully vested and nonforfeitable after the completion of five (5) years of Credited Service. If a Participant Separates from Service prior to attaining age fifty-five (55) but
after the completion of five (5) years of Credited Service, he shall be entitled to a benefit calculated in the same manner as set forth in Sections 3.01 and 3.02 based on the years of Credited Service earned by the Participant as of such date
(as if the date of the Participant’s Separation from Service were the Participant’s Early Retirement Date) will be paid in the same manner as set forth in Sections 3.01 and 3.02 (with the delay required by Section 3.05, as
applicable), but in no event prior to date that would have been his first available Early Retirement Date (assuming he had not Separated from Service). If the Participant dies before his applicable benefit commencement date under Section 3.02
(taking into account any delay required by Section 3.05), his Surviving Spouse will be entitled to receive a Qualified Preretirement Survivor Annuity as provided in Section 3.04. 
  

	5.03.	Reemployment 

 A Participant who ceases to be
an employee of the Company or an Affiliate and who is subsequently reemployed by the Company or an Affiliate shall not accrue any additional benefits on account of such later service for periods in which he is not a Participant and any benefits to
which Participant became entitled on his earlier termination of employment shall commence or continue to be paid as otherwise set forth in the Plan. 
  

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 ARTICLE VI 
 TERMINATION, AMENDMENT OR MODIFICATION OF PLAN 
  

	6.01.	Amendment or Termination 

 Except as
otherwise specifically provided, the Company reserves the right to terminate, amend or modify this Plan, wholly or partially, at any time and from time to time. Such right to terminate, amend or modify the Plan shall be exercised by the Board.

  

	6.02.	Notice Requirement 

 (a) Plan section 6.01
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. 
 (b) 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 the Company such notice shall be addressed to it at 4 North Fourth Street, Richmond, Virginia 23219; addressed to the attention of the Senior Vice President and General Counsel. If notice is to be given to a Participant, such notice
shall be addressed to the Participant’s last known address. 
  

	6.03.	Limitation on Amendment, Termination, etc. 

 The rights of the Company set forth in Plan section 6.01 are subject to the condition that the Board or its delegate shall take no action to terminate the Plan or decrease the benefit that has commenced prior to the effective date of the
amendment or termination or would become payable if the Participant terminated for any reason (other than for cause) including death, on such effective date. Additionally, no such amendment or termination shall be effective to the extent it is not
permitted by Code Section 409A. 
  

	6.04.	Effect of Plan Termination 

 Except as
provided in Plan sections 6.01 and 6.03 and in the following sentence, upon the termination of this Plan by the Board, the Plan shall no longer be of any further force or effect, and neither the Company, any Affiliate nor any Participant shall have
any further obligation or right under this Plan. Likewise, the rights of any individual who was a Participant and whose designation as a Participant is revoked or rescinded by the Committee shall cease upon such action except with respect to
benefits that have accrued for such individual as of the date of revocation or rescission, provided that such individual has satisfied the requirement of Plan section 5.02 at the time of revocation or rescission. Notwithstanding the foregoing, no
amounts may be distributed under the Plan earlier than the time otherwise permitted by Code Section 409A. 
  

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 ARTICLE VII 
 OTHER BENEFITS AND AGREEMENTS 
 The benefits provided for a Participant and his 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 VIII

 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 Committee, shall cease and terminate, and, in such event, the 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 Committee may deem proper. 
 ARTICLE IX 
 ADMINISTRATION OF THE PLAN 
  

	9.01.	The Committee 

 The Plan shall be
administered by the Committee. Subject to the provisions of the Plan, the Committee may adopt such rules and regulations as may be necessary to carry out the purposes hereof. The Committee’s interpretation and construction of any provision of
the Plan shall be final and conclusive. 
  

	9.02.	Indemnification of the Committee 

 The
Company shall indemnify and save harmless each member of the Committee against any and all expenses and liabilities arising out of membership on the Committee, excepting only expenses and liabilities arising out of a member’s own willful
misconduct. Expenses against which a member of the 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. 
  

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	9.03.	Powers of the Committee 

 In addition to the
powers hereinabove specified, the Committee shall have the power 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 entitled to a benefit under the Plan. 
  

	9.04.	Information 

 To enable the Committee to
perform its functions, the Company shall supply full and timely information to the 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 Committee may require. 
  

	9.05.	Claims Procedure 

 The benefit claims review
procedure set forth in the Pension Plan, as amended from time to time, is incorporated herein by reference and made applicable to the Plan. 
 ARTICLE X 
 MISCELLANEOUS 
  

	10.01.	Binding Nature 

 The Plan shall be binding
upon the Company, any participating Affiliates and its successors and assigns; subject to the powers set forth in Article VI, and upon a Participant, his or her Beneficiary, and either of their assigns, heirs, executors and administrators.

  

	10.02.	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 (including its choice of law rules, except to the extent those rules would require the application of the law of a state other than Virginia) as
in effect at the time of their adoption and execution, respectively. 
  

	10.03.	Use of Masculine and Feminine; Singular and Plural 

 Masculine pronouns wherever used shall include feminine pronouns and the use of the singular shall include the plural. 
  

	10.04.	No Guarantee of Employment 

 The Plan does
not in any way limit the right of the Company or an Affiliate at any time and for any reason to terminate the Participant’s employment or such 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 or an Affiliate and a Participant. 
  

 12 

	10.05	Deferred Compensation Plan Omnibus Provision 

 It is intended that any compensation, benefits and other remuneration to be provided pursuant to or in connection with this Plan which is considered to be nonqualified deferred compensation subject to Code Section 409A shall be
provided and paid in a manner, and at such time and in such form, as complies with the applicable requirements of Code Section 409A to avoid the unfavorable tax consequences provided therein for non-compliance. The Committee is authorized to
amend the Plan or any election under the Plan as may be determined by it to be necessary or appropriate to evidence or further evidence required compliance with Code Section 409A. 
 It is specifically intended that all elections, consents and modifications thereto under the Plan will comply with the requirements of Code
Section 409A (including any transition or grandfather rules thereunder). The Committee is authorized to adopt rules or regulations deemed necessary or appropriate in connection therewith to anticipate and/or comply with the requirements of Code
Section 409A (including any transition or grandfather rules thereunder). 
 ARTICLE XI 
 ADOPTION 
 The Company has
adopted this Plan pursuant action taken by the Board. 
 As evidence of its adoption
of this restatement of the Plan, A.T. Massey Coal Company, Inc. has caused this document to be signed by the below named authorized person, this 23RD day of December, 2008, effective January 1, 2009. 
  

			
	A.T. MASSEY COAL COMPANY, INC.
		
	By:	 	 /s/ John M. Poma

	Name:	 	John M. Poma
	Title:	 	Vice President - Human Resources

  

 13 

 EXHIBIT I 
 PARTICIPANTS IN THE A.T. MASSEY COAL COMPANY, INC. 
 SUPPLEMENTAL BENEFIT PLAN 
 February 20, 1995 
 Donald L. Blankenship 
 L. Ellis Dusenbury, Jr. 
 Jerry E. Eyster 
 James L. Gardner 
 Bennett K. Hatfield 
 Wynston D. Holbrook 
 David C. Hughart 
 Oren E, Kitts 
 E. Drexel Short 
 James D. Slater 
 Thomas J. Smith 
 Stanley C. Suboleski 
 James S. Twigg 
 Baxter F. Phillips 
 October 8, 1997 
 Dennis R. Hatfield 
 Richard M. Hendrick 
 Richard D. Zigmond 
 John C. Adkins 
 Charles I. Bearse III 
 March 19, 1998 
 Michael C. Allen 
 Berry Hale 
 Jeffrey A. Wilson 
 March 29, 2001 
 Roger L. Nicholson 

 EXHIBIT II 
 APPROVED EMPLOYMENT AGREEMENT SCHEDULE 
 1. That certain Retention and Change in Control Agreement,
effective as of November 1, 2005, made between Massey Energy Company and Baxter F. Phillips, Jr., which provides in section 3.7 thereof special provisions relating to the Plan, is hereby designated as an Approved Employment Agreement for
purposes of the Plan. The applicable provisions of such Approved Employment Agreement (capitalized terms are defined in the Employment Agreement) are as follows: 
 3.7 Pension Credit, The following rules shall apply in determining creditable service and compensation taken into account in determining covered compensation and average compensation for benefit accrual purposes under the defined
benefit provisions of the Company’s non-qualified supplemental benefit plan (currently known as the A. T. Massey, Inc, Supplemental Benefit Plan). Multiple rules may apply depending on the circumstances, but no compensation shall be taken into
account more than once. In each case, the annual salary paid pursuant to Section 3.1 (to the extent not otherwise taken into account) shall be considered compensation taken into account in determining covered compensation and average
compensation when paid. 
 (a) In the event Executive’s employment by the Company continues through November 1,
2008, the annual bonus (if any) paid to Executive in 2006 for 2005, the annual bonus(es) paid (if any) in 2007 and 2008 under Section 3.2, and the long-term cash incentive bonus paid under Section 3.5 shall be considered compensation taken
into account in determining covered compensation and average compensation when paid. 
 (b) In the event Executive’s
employment by the Company terminates prior to November 1, 2008 for any reason, the annual bonus (if any) paid to Executive in 2006 for 2005, and the annual bonus(es) paid (if any) in 2007 and 2008 under Section 3.2 shall be considered
compensation taken into account in determining covered compensation and average compensation when paid. 
 (c) In the event
either (i) Executive’s employment by the Company terminates prior to November 1, 2008 on account of death or Disability or (ii) an actual Change in Control occurs prior to November 1, 2008 during Executive’s continued
employment by the Company, the long-term cash incentive bonus paid under Section 3.5 shall be considered compensation taken into account in determining covered compensation and average compensation when paid. 

 (d) In the event Executive’s employment by the Company terminates during the Term of Employment
under circumstances which constitute an Involuntary Termination Associated With a Change in Control, (i) the remaining period in the Term of Employment, if any, shall be considered to be creditable service for benefit accrual purposes,
(ii) the amount of all unpaid salary amounts for the remaining period in the Term of Employment which would have been payable to Executive under Section 3.1 if he had continued employment shall be considered compensation taken into
account, and (iii) the Target Bonus shall be considered compensation taken into account for any one or more of 2006, 2007 and 2008 for which no annual bonus (whether or not pursuant to Section 3.2) is paid in such year on account of
Executive’s termination of employment. Such unpaid salary and any such Target Bonus shall be considered compensation taken into account in determining covered compensation and average compensation when such annual bonus would have otherwise
have been payable had Executive’s employment continued. 
 2. That certain Employment and Change in Control Agreement, effective as of
November 1, 2008, made between Massey Energy Company and Baxter F. Phillips, Jr., which provides in section 3.7 thereof special provisions relating to the Plan, is hereby designated as an Approved Employment Agreement for purposes of the Plan.
The applicable provisions of such Approved Employment Agreement (capitalized terms are defined in the Employment Agreement) are as follows: 
 3.7 Pension
Credit. The following rules shall apply in determining creditable service and compensation taken into account in determining covered compensation and average compensation for benefit accrual purposes under the defined benefit provisions of the
Company’s non-qualified supplemental benefit plan (currently known as the A. T. Massey, Inc. Supplemental Benefit Plan). Multiple rules may apply depending on the circumstances, but no compensation shall be taken into account more than once. In
each case, the annual salary paid pursuant to Section 3.1 (to the extent not otherwise taken into account) shall be considered compensation taken into account in determining covered compensation and average compensation when paid. 

(a) Whether or not Executive’s employment by the Company continues through November 1, 2011, the annual bonus (if any) paid
to Executive in 2009 for 2008, the annual bonus(es) paid (if any) in 2010 and 2011 under Section 3.2, and the long-term cash Retention Bonus Installment(s) paid under Section 3.5, shall be considered compensation taken into account in
determining covered compensation and average compensation when paid. 
 (b) In the event either (i) Executive’s
employment by the Company terminates prior to November 1, 2011 on account of death or Disability or (ii) an actual Change in Control occurs prior to November 1, 2011 during Executive’s continued employment by the Company, the
long-term cash Retention Bonus Installment(s) paid under Section 3.5 shall be considered compensation taken into account in determining covered compensation and average compensation when paid. 

 (c) In the event Executive’s employment by the Company terminates during the Term of
Employment under circumstances which constitute either an Involuntary Termination Associated With a Change in Control or an involuntary termination of employment by the Company for any reason other than for “Cause” (as defined in
Section 19) or Disability, (i) the remaining period in the Term of Employment, if any, shall be considered to be creditable service for benefit accrual purposes, (ii) the amount of all unpaid salary amounts for the remaining period in
the Term of Employment which would have been payable to Executive under Section 3.1 if he had continued employment shall be considered compensation taken into account, and (iii) the Target Bonus shall be considered compensation taken into
account for any one or more of 2009, 2010 and 2011 for which no annual bonus (whether or not pursuant to Section 3.2) is paid in such year on account of Executive’s termination of employment. Such unpaid salary and any such Target Bonus
shall be considered compensation taken into account in determining covered compensation and average compensation when such annual bonus would have otherwise have been payable had Executive’s employment continued.Exhibit 10.21

 Exhibit 10.21 
 MASSEY ENERGY COMPANY 
 STOCK PLAN FOR 
 NON-EMPLOYEE DIRECTORS 
 As Amended and Restated Effective January 1,
2008 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	 Page

	 ARTICLE I DEFINITIONS
	  	1
			
	 Section 1.1.
	  	DEFINITIONS	  	1
		
	 ARTICLE II GENERAL
	  	2
			
	 Section 2.1.
	  	NAME	  	2
	 Section 2.2.
	  	PURPOSE	  	2
	 Section 2.3.
	  	EFFECTIVE DATE	  	3
	 Section 2.4.
	  	LIMITATIONS	  	3
	 Section 2.5.
	  	AWARDS GRANTED UNDER PLAN	  	3
		
	 ARTICLE III PARTICIPANTS
	  	3
			
	 Section 3.1.
	  	ELIGIBILITY	  	3
		
	ARTICLE IV ADMINISTRATION	  	3
			
	 Section 4.2.
	  	DUTIES AND POWERS OF COMMITTEE	  	3
	 Section 4.3.
	  	MAJORITY RULE	  	3
	 Section 4.4.
	  	COMPANY ASSISTANCE	  	4
		
	 ARTICLE V AWARDS
	  	4
			
	 Section 5.1.
	  	AWARD GRANT AND RESTRICTED STOCK AGREEMENT	  	4
	 Section 5.2.
	  	CONSIDERATION FOR ISSUANCE	  	4
	 Section 5.3.
	  	RESTRICTIONS ON SALE OR OTHER TRANSFER	  	4
	 Section 5.4.
	  	LAPSE OF RESTRICTIONS	  	5
	 Section 5.5.
	  	EARLY RETIREMENT	  	5
	 Section 5.6.
	  	RIGHTS AS STOCKHOLDER	  	5
		
	ARTICLE VI RESTRICTED UNIT AWARDS	  	6
			
	 Section 6.1.
	  	RESTRICTED UNIT AWARD GRANT AND AGREEMENT	  	6
	 Section 6.2.
	  	AWARD TERMS AND CONDITIONS	  	6
	 Section 6.3.
	  	EFFECT OF RESIGNATION, REMOVAL, DEATH OR RETIREMENT	  	6
		
	ARTICLE VII STOCK CERTIFICATES	  	7
			
	 Section 7.1.
	  	STOCK CERTIFICATES	  	7
		
	ARTICLE VIII TERMINATION, AMENDMENT AND MODIFICATION OF PLAN	  	7
			
	 Section 8.1.
	  	TERMINATION, AMENDMENT AND MODIFICATION OF PLAN	  	7

  

 i 

					
	ARTICLE IX MISCELLANEOUS	  	8
			
	 Section 9.1.
	  	ADJUSTMENT PROVISIONS	  	8
	 Section 9.2.
	  	CONTINUATION OF BOARD SERVICE	  	8
	 Section 9.3.
	  	COMPLIANCE WITH GOVERNMENT REGULATIONS	  	8
	 Section 9.4.
	  	PRIVILEGES OF STOCK OWNERSHIP	  	8
	 Section 9.5.
	  	WITHHOLDING	  	8
	 Section 9.6.
	  	DEFERRED COMPENSATION PLAN OMNIBUS PROVISION	  	9
	 Section 9.7.
	  	NONTRANSFERABILITY	  	9
	 Section 9.8.
	  	OTHER COMPENSATION PLANS	  	9
	 Section 9.9.
	  	PLAN BINDING ON SUCCESSORS	  	9
	 Section 9.10.
	  	SINGULAR, PLURAL; GENDER	  	9
	 Section 9.11.
	  	HEADINGS, ETC., NO PART OF PLAN	  	9

  

 ii 

 ARTICLE I 
 DEFINITIONS 
 Section 1.1. DEFINITIONS 
 The following terms shall have the meanings set forth herein unless the context clearly indicates to the contrary: 
 (a) “Age for Board Retirement” shall mean the age for mandatory retirement of members of the Board as specified in the Bylaws of
the Company, as applied to Eligible Directors on the date of such Eligible Directors’ retirement from the Board. 
 (b)
“Award” shall mean an award of Restricted Stock pursuant to the provisions of Article V hereof. 
 (c)
“Awardee” shall mean an Eligible Director to whom Restricted Stock has been awarded hereunder. 
 (d)
“Board” shall mean the Board of Directors of the Company. 
 (e) “Change of Control” Of the Company shall
be deemed to have occurred if, (i) a third person, including a “group” as defined in Section 13(d) (3) of the Securities Exchange Act of 1934, as amended, acquires (or has acquired during the twelve (12)-month period ending
on the date of the most recent acquisition by such person) shares of the Company having thirty (30) percent or more of the total number of votes that may be cast for the election of directors of the Company; or (ii) as the result of any
cash tender or exchange offer, merger or other business combination, or any combination of the foregoing transactions, (a “Transaction”), the persons who were directors of the Company before the Transaction shall cease to constitute a
majority of the Board of the Company or any successor to the Company and be replaced by persons whose appointment or election is not endorsed by a majority of directors before the Transaction. To the extent that a participant must consent to a
change of this definition, the change will not be effective unless such consent is obtained. To the extent that a participant’s consent has not been obtained, the definition in effect immediately prior to this amendment shall be controlling
with regard to such participant. 
 (f) “Committee” shall mean members of the Board who are not eligible to
participate in the Plan. 
 (g) “Company” shall mean Massey Energy Company. 
 (h) “Eligible Director” shall mean a director of the Company who is not an employee of the Company or any of its Subsidiaries.

 (i) “Fair Market Value” shall mean the average of the highest price and the lowest price per share at which the
Stock is sold in the regular way on the New York Stock Exchange on the day such value is to be determined hereunder or, in the absence of any reported sales on such day, the first preceding day on which there were such sales. 
  

 1 

 (j) “Plan” shall mean the Massey Energy Company Stock Plan for Non-Employee
Directors as amended and restated, effective November 30, 2000, the current terms of which are set forth herein. 
 (k)
“Restricted Stock” shall mean Stock that may be awarded to an Eligible Director by the Committee pursuant to Article V hereof, which is nontransferable and subject to a substantial risk of forfeiture until specific conditions are met.

 (l) “Restricted Stock Agreement” and “Restricted Unit Agreement” shall mean the agreement between the
Company and the Awardee with respect to Restricted Stock and Restricted Units, respectively, awarded hereunder. 
 (m)
“Restricted Unit Award” shall mean amounts awarded pursuant to Article VI hereof. 
 (n) “Stock” shall
mean the Common Stock of the Company or, in the event that the outstanding shares of Stock are hereafter changed into or exchanged for shares of a different stock or securities of the Company or some other corporation, such other stock or
securities. 
 (o) “Subsidiary” shall mean any corporation, the majority of the outstanding capital stock of which
is owned, directly or indirectly, by the Company or any partnership or joint venture in which either the Company or such a corporation is at least a twenty percent (20%) equity participant. 
 ARTICLE II 
 GENERAL 
 Section 2.1. NAME 
 This Plan shall be known as
the “Massey Energy Company Stock Plan for Non-Employee Directors.” 
 Section 2.2. PURPOSE  
 The purpose of the Plan is to advance the interests of the Company and its stockholders by affording to Eligible Directors of the Company an opportunity
to acquire or increase their proprietary interest in the Company by the grant to such directors of Awards under the terms set forth herein. By encouraging non-employee directors to become owners of Company shares, the Company seeks to increase their
incentive for enhancing shareholder value and to motivate, retain and attract those highly competent individuals upon whose judgment, initiative, leadership and continued efforts the success of the Company in large measure depends. 
  

 2 

 Section 2.3. EFFECTIVE DATE  
 The Plan was adopted effective on March 14, 1995 upon its approval by the holders of a majority of the shares of Common Stock of Fluor Corporation, and the Plan was amended and restated effective May 24,
2005. This amendment is effective January 1, 2008. 
 Section 2.4. LIMITATIONS 
 Subject to adjustment pursuant to the provisions of Section 9.1 hereof, the aggregate number
of shares of Stock which may be issued as Awards shall not exceed 100,0001. Any such shares may be either authorized and unissued shares or shares
issued and thereafter acquired by the Company. 
 Section 2.5. AWARDS GRANTED UNDER PLAN 
 Shares of Stock received pursuant to a Restricted Stock Agreement executed hereunder with respect to which the restrictions provided for in
Section 5.3 hereof have lapsed shall not again be available for Award grant hereunder. If Restricted Stock is acquired by the Company pursuant to the provisions of paragraph (c) of Section 5.3 hereof, new Awards may be granted
hereunder covering the number of shares to which such Restricted Stock acquisition relates. 
 ARTICLE III 
 PARTICIPANTS 
 Section 3.1. ELIGIBILITY 

 Any Eligible Director shall be eligible to participate in the Plan. 
 ARTICLE IV 
 ADMINISTRATION 
 Section 4.2. DUTIES AND POWERS OF COMMITTEE 
 The
Plan shall be administered by the Committee. Subject to the express provisions of the Plan, the Committee shall also have complete authority to interpret the Plan, to prescribe, amend and rescind rules and regulations relating to it, to determine
the details and provisions of each Restricted Stock and Restricted Unit Agreement, and to make all other determinations necessary or advisable in the administration of the Plan. 
 Section 4.3. MAJORITY RULE 
 A majority of the members of the Committee shall constitute a
quorum, and any action taken by a majority present at a meeting at which a quorum is present or any action taken without a meeting evidenced by a writing executed by a majority of the whole Committee shall constitute the action of the Committee.

  

	 1
	 On February 23, 2001, the Board approved an amendment to the Plan increasing the number of shares of Stock reserved
for issuance under the Plan from 25,000 to 100,000 shares, subject to shareholder approval. On April 17, 2001, the Company’s shareholders approved the amendment. 

  

 3 

 Section 4.4. COMPANY ASSISTANCE  
 The Company shall supply full and timely information to the Committee on all matters relating to Eligible Directors, their death, retirement, removal or
resignation from the Board and such other pertinent facts as the Committee may require. The Company shall furnish the Committee with such clerical and other assistance as is necessary in the performance of its duties. 
 ARTICLE V 
 AWARDS 
 Section 5.1. AWARD GRANT AND RESTRICTED STOCK AGREEMENT 
 The Committee shall grant a one time Award of 4,0562 shares of Restricted Stock to Eligible Directors. Such Awards shall be made to each
Eligible Director on a date determined by the Committee, in its sole discretion, following such appointment to the Board. Each Award granted hereunder must be granted no later than March 10, 20073. The Awardee shall be entitled to receive the Stock subject to such Award only if the Company and the Awardee enter into a written Restricted Stock Agreement dated as of the date of
the Award, which Agreement shall set forth such terms and conditions as may be determined by the Committee consistent with the Plan. 
 Section 5.2.
CONSIDERATION FOR ISSUANCE 
 No shares of Restricted Stock shall be issued to an Awardee hereunder unless and until the Committee
shall have determined that consideration has been received by the Company, in the form of services actually rendered to the Company by the Awardee, having a fair value of not less than the then fair market value of a like number of shares of Stock
subject to all of the herein provided conditions and restrictions applicable to Restricted Stock, but in no event less than the par value of such shares. 
 Section 5.3. RESTRICTIONS ON SALE OR OTHER TRANSFER 
 Each share of Stock received pursuant to each Restricted Stock
Agreement shall be subject to acquisition by Massey Energy Company, and may not be sold or otherwise transferred except pursuant to the following provisions: 
 (a) The shares of Stock represented by the Restricted Stock Agreement shall be held in book entry form with the Company’s transfer
agent until the restrictions lapse in accordance with the conditions established by the Committee pursuant to 
  

	2	The original amount of 1,000 shares of Restricted Stock was adjusted on November 30, 2000 to reflect the distribution on such date of Fluor Corporation from the Company.

	3	On May 24, 2005, the shareholders approved an amendment to the Plan to extend the ability of the Committee to grant Restricted Stock and Restricted Unit Awards through
March 10, 2007. 

  

 4 

 
Section 5.4 hereof, or until the shares of stock are forfeited pursuant to paragraph (c) of this Section 5.3. Notwithstanding the foregoing,
the Awardee may request that, prior to the lapse of the restrictions or forfeiture of the shares, certificates evidencing such shares be issued in his name and delivered to him, and each such certificate shall bear the following legend: 

“The shares of Massey Energy Company common stock evidenced by this certificate are subject to acquisition by Massey Energy Company, and such
shares may not be sold or otherwise transferred except pursuant to the provisions of the Restricted Stock Agreement by and between Massey Energy Company and the registered owner of such shares.” 
 (b) No such shares may be sold, transferred or otherwise alienated or hypothecated so long as such shares are subject to the restriction
provided for in this Section 5.3. 
 (c) Upon an Awardee’s removal or resignation from the Board for any reason, all
of the Awardee’s Restricted Stock remaining subject to restriction shall be acquired by the Company effective as of the date of such removal or resignation. Upon the occurrence or non-occurrence of such other events as shall be determined by
the Committee and specified in the Awardee’s Restricted Stock Agreement relating to any such Restricted Stock, all of such Restricted Stock remaining subject to restriction shall be acquired by the Company upon the occurrence or non-occurrence
of such event. 
 Section 5.4. LAPSE OF RESTRICTIONS 
 The restrictions on 20% of each Award will lapse on March 14 next following the date of Award. Thereafter, the restrictions will lapse in four equal increments on the succeeding anniversary dates following the
date of lapsing of restrictions on the first 20% of the shares. In the case of a Company Change of Control, death, attainment of the Age for Board Retirement or approved early retirement in accordance with Section 5.5 below, of an Awardee, all
restrictions on all Restricted Stock held by the Awardee will lapse. 
 Section 5.5. EARLY RETIREMENT 
 An Eligible Director who leave the Board prior to the Age for Board Retirement, may, upon application to and in the sole discretion of the Committee, be
granted early retirement status. 
 Section 5.6. RIGHTS AS STOCKHOLDER 
 Subject to the provisions of Section 5.3 hereof, upon the issuance to the Awardee of Restricted Stock hereunder, the Awardee shall have all the
rights of a stockholder with respect to such Stock, including the right to vote the shares and receive all dividends and other distributions paid or made with respect thereto. 
  

 5 

 ARTICLE VI 
 RESTRICTED UNIT AWARDS 
 Section 6.1. RESTRICTED UNIT AWARD GRANT AND AGREEMENT 
 Each Restricted Unit Award granted hereunder shall be evidenced by minutes of a meeting or the written consent of the Committee and by a written
Restricted Unit Agreement dated as of the date of grant and executed by the Company and the Awardee, which Agreement shall set forth such terms and conditions as may be determined by the Committee consistent with the Plan. A Restricted Unit Award
may be made only in connection with an Award made hereunder. 
 Section 6.2. AWARD TERMS AND CONDITIONS 
 Each Restricted Unit Award shall have a value equal to the Fair Market Value on the date that such award, or portion thereof, becomes earned and payable.
Each Restricted Unit Award shall become earned and payable in five equal increments on each of the five dates upon which a portion of the restrictions lapse on the underlying Award, or upon such other terms and conditions as may be determined by the
Committee. The proceeds of each Restricted Unit Award shall be applied in payment of applicable federal and state withholding taxes arising from the lapse of restrictions on the related Restricted Stock and from such award (or portion thereof)
becoming earned and payable, with the balance, if any, to be remitted to the Awardee. If the outstanding shares of Stock of the Company are increased, decreased, or exchanged for a different number or kind of shares or other securities, or if
additional shares or new or different shares or other securities are distributed with respect to such shares of Stock or other securities, through merger, consolidation, sale of all or substantially all of the property of the Company,
reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other distribution with respect to such shares of Stock or other securities, an appropriate and proportionate adjustment may be made in the
number of Restricted Units subject to outstanding Restricted Stock Awards. Such adjustments will be made by the Committee, whose determination as to what adjustments will be made and the extent thereof will be final, binding, and conclusive.

 Section 6.3. EFFECT OF RESIGNATION, REMOVAL, DEATH OR RETIREMENT 
 If, prior to the date on which the Restricted Units, or any portion thereof becomes earned and payable, the Awardee is removed or resigns from the Board for any reason, then the Awardee’s rights with respect to
that portion of the Restricted Units which have not been earned as of the date of such termination shall immediately terminate and all rights thereunder shall cease; provided, however, in the case of a Company Change of Control, death, attainment of
the Age for Board Retirement, or approved early retirement in accordance with Section 5.5, the Restricted Units will become earned and payable on the date upon which all restrictions on the Award lapse. 
  

 6 

 ARTICLE VII 
 STOCK CERTIFICATES 
 Section 7.1. STOCK CERTIFICATES 
 The Company shall not be required to issue or deliver any certificate for shares of Stock received as Restricted Stock pursuant to a Restricted Stock
Agreement executed hereunder, prior to fulfillment of all of the following conditions: 
 (a) the admission of such shares to
listing on all stock exchanges on which the Stock is then listed; 
 (b) the completion of any registration or other
qualification of such shares under any federal or state law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall in its sole discretion deem necessary or
advisable; 
 (c) the obtaining of any approval or other clearance from any federal or state governmental agency which the
Committee shall in its sole discretion determine to be necessary or advisable; and 
 (d) the lapse of such reasonable period
of time following the execution of the Restricted Stock Agreement as the Committee from time to time may establish for reasons of administrative convenience. 
 ARTICLE VIII 
 TERMINATION, AMENDMENT AND MODIFICATION OF PLAN 
 Section 8.1. TERMINATION, AMENDMENT AND MODIFICATION OF PLAN 
 The Committee may at any time terminate, and may at any time and from time to time and in any respect amend or modify, the Plan, provided, however, that no such action of the Committee without approval of the
stockholders of the Company may: 
 (a) increase the total number of shares of Stock subject to the Plan except as
contemplated in Section 9.1 hereof; 
 (b) materially increase the benefits accruing to participants under the Plan;

 (c) withdraw the administration of the Plan from the Committee; or 
 (d) permit any person while a member of the Committee to be eligible to receive Restricted Stock under the Plan; and provided further,
that no termination, amendment or modification of the Plan shall in any manner affect a Restricted Stock Agreement theretofore executed pursuant to the Plan without the consent of Awardee. 
  

 7 

 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.1. ADJUSTMENT PROVISIONS 
 (a) Subject to Section 9.1(b) below, if the outstanding shares of Stock of the Company are increased, decreased, or exchanged for a
different number or kind of shares or other securities, or if additional shares or new or different shares or other securities are distributed with respect to such shares of Stock or other securities, through merger, consolidation, sale of all or
substantially all of the property of the Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other distribution with respect to such shares of Stock or other securities, an appropriate and
proportionate adjustment may be made in (i) the maximum number and kind of shares provided in Section 2.4 and (ii) the number and kind of shares or other securities subject to the outstanding Awards. 
 (b) Adjustments under Section 9.1(a) will be made by the Committee, whose determination as to what adjustments will be made and the
extent thereof will be final, binding, and conclusive. No fractional interests will be issued under the Plan resulting from any such adjustments. 
 Section 9.2. CONTINUATION OF BOARD SERVICE 
 Nothing in the plan or in any instrument executed pursuant to the Plan will
confer upon any Eligible Director any right to continue to serve on the Board. 
 Section 9.3. COMPLIANCE WITH GOVERNMENT REGULATIONS 

No shares of Stock will be issued hereunder unless and until all applicable requirements imposed by federal and state securities and other laws, rules,
and regulations and by any regulatory agencies having jurisdiction and by any stock exchanges upon which the Stock may be listed have been fully met. As a condition precedent to the issuance of shares of Stock pursuant hereto, the Company may
require the director to take any reasonable action to comply with such requirements. 
 Section 9.4. PRIVILEGES OF STOCK OWNERSHIP 
 No director and no beneficiary or other person claiming under or through such director will have any right, title, or interest in or to any shares of
Stock allocated or reserved under the Plan or subject to any Award except as to such shares of Stock, if any, that have been issued to such director. 
 Section 9.5. WITHHOLDING 
 The Company may make such provisions as it deems appropriate to withhold any taxes the
Company determines it is required to withhold in connection with any Award. The Company may require the director to satisfy any relevant tax requirements before authorizing any issuance of Stock to the director. Such settlement may be made in cash
or Stock. 
  

 8 

 Section 9.6. DEFERRED COMPENSATION PLAN OMNIBUS PROVISION 
 For purposes of Sections 5.3, 5.4, 6.2, 6.3, 7.1, 8.1, 9.1, and 9.5, actions taken by the Board or the Committee, as applicable, shall be undertaken in a
manner that either (a) will not negatively affect the status of any Awards or Restricted Unit Award intended to be excepted from treatment as deferred compensation subject to Section 409A of the Code, or (b) will otherwise comply with
Section 409A of the Code. 
 Section 9.7. NONTRANSFERABILITY. 
 An Award may be exercised during the life of the director solely by the director or the director’s duly appointed guardian or personal representative. No Award and no other right under the Plan, contingent or
otherwise, will be assignable or subject to any encumbrance, pledge, or charge of any nature. 
 Section 9.8. OTHER COMPENSATION PLANS

 The adoption of the Plan shall not affect any other stock option or incentive or other compensation plans in effect for the Company or any
Subsidiary, nor shall the Plan preclude the Company from establishing any other forms of incentive or other compensation for employees or directors of the Company or any Subsidiary. 
 Section 9.9. PLAN BINDING ON SUCCESSORS 
 The Plan shall be binding upon the successors and
assigns of the Company. 
 Section 9.10. SINGULAR, PLURAL; GENDER 
 Whenever used herein, nouns in the singular shall include the plural, and the masculine pronoun shall include the feminine gender. 
 Section 9.11. HEADINGS, ETC., NO PART OF PLAN 
 Headings of Articles and Sections hereof are inserted for convenience
and reference; they constitute no part of the Plan. 
  

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