Document:

Amendment No. 2, dated as of December 19, 2008

 Exhibit 10.3 
 EXECUTION VERSION 
 Conformed 
  
  
 AMENDMENT NO. 2 
 Dated as of December 19, 2008 
 to and under the 
 CREDIT AGREEMENT 
 dated as of December 17, 2004 
 among

 AVISTA CORPORATION, 
 THE BANKS
PARTY THERETO, 
 BANK OF AMERICA, N.A., 
 as Managing Agent, 
 KEYBANK NATIONAL ASSOCIATION and U.S. BANK, NATIONAL ASSOCIATION, 
 as Documentation Agents, 
 WELLS FARGO BANK,

 as Documentation Agent and an Issuing Bank, 
 UNION BANK OF CALIFORNIA, N.A., 
 as Syndication Agent and an Issuing Bank, 
 and 
 THE BANK OF NEW YORK MELLON f/k/a The
Bank of New York, 
 as Administrative Agent and an Issuing Bank 
  
  
 THE BANK OF NEW YORK MELLON and UNION BANK OF CALIFORNIA, N.A. 
 Co-Lead Arrangers and
Co-Book Managers 
  
  

 AMENDMENT NO. 2 
 Dated as of December 19, 2008 
 to 
 CREDIT AGREEMENT 
 Dated as of December 17, 2004 
 AVISTA CORPORATION, a Washington corporation, the Banks listed on the signature pages hereof, BANK OF AMERICA, N.A., as Managing Agent, KEYBANK NATIONAL
ASSOCIATION, as Documentation Agent, U.S. BANK, NATIONAL ASSOCIATION, as Documentation Agent, WELLS FARGO BANK, as Documentation Agent and an Issuing Bank, UNION BANK OF CALIFORNIA, N.A., as Syndication Agent and an Issuing Bank, and THE BANK OF NEW
YORK MELLON f/k/a The Bank of New York, as Administrative Agent and an Issuing Bank, agree as follows: 
 1. Credit Agreement.
Reference is made to the Credit Agreement, dated as of December 17, 2004, among Avista Corporation, a Washington corporation, the Banks party thereto, Bank of America, N.A., as Managing Agent, KeyBank National Association and U.S. Bank,
National Association, as Documentation Agents, Wells Fargo Bank, as Documentation Agent and an Issuing Bank, Union Bank of California, N.A., as Syndication Agent and an Issuing Bank, and The Bank of New York Mellon f/k/a The Bank of New York, as
Administrative Agent and an Issuing Bank, as amended by Amendment No. 1 dated as of April 6,2006 to Credit Agreement, among Avista Corporation, the Banks party thereto, Bank of America, N.A., as Managing Agent, KeyBank National
Association, as Documentation Agent, U.S. Bank, National Association, as Documentation Agent, Wells Fargo Bank, as Documentation Agent and an Issuing Bank, Union Bank of California, N.A., as Syndication Agent and an Issuing Bank, and The Bank of New
York Mellon f/k/a The Bank of New York, as Administrative Agent and an Issuing Bank (as so amended, the “Credit Agreement”). Definitions of terms in the Credit Agreement apply to terms that are used and not otherwise defined herein.

 2. Amendments. Subject to satisfaction of the conditions precedent set forth in Section 4 below, effective as of
December 19, 2008 (the “Effective Date”), the Credit Agreement shall be amended as follows: 
 (a) The following new
definitions shall be inserted in proper alphabetical order in Section 1.01 of the Credit Agreement. 
 ““Second Amendment” shall mean Amendment No. 2 to this Agreement, dated as of December 19, 2008.” 
 ““Second Amendment Effective Date” shall mean the “Effective Date” as defined in the Second Amendment.” 
 (b) The definition of “Agreement” contained in Section 1.01 of the Credit Agreement shall be deleted in its entirety and replaced by the
following: 
 ““Agreement” shall mean this Agreement, including all exhibits and schedules hereto, as
amended by the First Amendment and the Second Amendment.” 
  

 1 

 (c) Section 3.11 of the Credit Agreement is hereby replaced with the following: 
 “Section 3.11 Employee Benefit Plans. Each of the Borrower and its ERISA Affiliates is in compliance in all material respects with the
applicable provisions of ERISA and the regulations and published interpretations thereunder. No Reportable Event has occurred as to which the Borrower or any ERISA Affiliate was required to file a report with the PBGC. The value of the assets of
each Plan is at least 80% of the “funding target” (as defined in Code Section 430(d)(1)) of such Plan as of the last annual valuation date applicable thereto.” 
 (d) Section 5.06 of the Credit Agreement is hereby replaced with the following: 
 “Section 5.06 ERISA. The Borrower shall, and shall cause each Significant Subsidiary to, comply in all material respects with the applicable
provisions of ERISA, and the Borrower shall furnish to the Administrative Agent and each Bank and Issuing Bank (a) as soon as possible, and in any event within 30 days after any Responsible Officer of the Borrower or any ERISA Affiliate either
knows or has reason to know that any Reportable Event has occurred that alone or together with any other Reportable Event could reasonably be expected to result in liability of the Borrower to the PBGC in an aggregate amount exceeding $25,000,000, a
statement of a Financial Officer of the Borrower setting forth details as to such Reportable Event and the action proposed to be taken with respect thereto, together with a copy of the notice, if any, of such Reportable Event given to the PBGC,
(b) as soon as possible, and in any event within 30 days after any Responsible Officer of the Borrower or any ERISA Affiliate either knows or has reason to know that the value of the assets of any Plan is less than 80% of the “funding
target” (as defined in Code Section 430(d)(1)) of such Plan as of the last annual valuation date applicable thereto, a statement of a Financial Officer of the Borrower setting forth details as to such event, (c) promptly after receipt
thereof, a copy of any notice the Borrower or any ERISA Affiliate may receive from the PBGC relating to the intention of the PBGC to terminate any Plan or Plans (other than a Plan maintained by an ERISA Affiliate which is considered an ERISA
Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code) or to appoint a trustee to administer any Plan or Plans and (d) within 10 days after the due date for filing with the PBGC pursuant to
Section 430(k) of the Code of a notice of failure to make a required installment or other payment with respect to a Plan, a statement of a Financial Officer of the Borrower setting forth details as to such failure and the action proposed to be
taken with respect thereto, together with a copy of such notice given to the PBGC.” 
 (e) Subparagraph (j) of Article VII is
hereby replaced with the following: 
 “(j) a Reportable Event or Reportable Events, or a failure to make a required installment or other
payment (within the meaning of Section 430(k)(1) of the Code), shall have occurred with respect to any Plan or Plans that reasonably could be expected to result in liability of the Borrower to the PBGC or to any Plan or Plans in an aggregate

  

 2 

 
amount exceeding $25,000,000, or the value of the assets of any Plan is less than 80% of the “funding target” (as defined in Code
Section 430(d)(1)) of such Plan as of the last annual valuation date applicable thereto, and within 30 days after the reporting of any such Reportable Event to the Administrative Agent or after the receipt by the Administrative Agent of a
statement required pursuant to Section 5.06, the Administrative Agent shall have notified the Borrower in writing that (i) the Required Banks have made a determination that, on the basis of such Reportable Event or Reportable Events, such
failure to make a required installment or other payment or the fact that the value of the assets of a Plan is less than 80% of the “funding target” (as defined in Code Section 430(d)(1)) of such Plan as of the last annual valuation
date applicable thereto, there are reasonable grounds (A) for the termination of any such Plan by the PBGC, (B) for the appointment by the appropriate United States District Court of a trustee to administer any such Plan or (C) for
the imposition of a Lien in favor of any such Plan, and (ii) as a result thereof an Event of Default exists hereunder; or a trustee shall be appointed by a United States District Court to administer any such Plan; or the PBGC shall institute
proceedings to terminate any such Plan;” 
 3. Representations and Warranties. In order to induce the Banks and the Issuing Banks
to enter into this Amendment, the Borrower represents and warrants as follows: 
 (a) The Borrower has the corporate power and authority
(i) to execute and deliver this Amendment, (ii) to perform its obligations hereunder and the Credit Agreement as amended hereby, and (iii) to borrow Loans and have Letters of Credit issued in the maximum amount available under the
Credit Agreement as amended hereby. 
 (b) The execution and delivery by the Borrower of this Amendment, the performance by the Borrower of
its obligations under this Amendment and the Credit Agreement as amended hereby, and the borrowing of Loans and procurement of Letters of Credit in the maximum amount available under the Credit Agreement as amended hereby (collectively, the
“Transactions”) (i) have been duly authorized by all requisite corporate and, if required, stockholder action, and (ii) will not (A) violate (I) any provision of law, statute, rule or regulation the violation of
which could reasonably be expected to impair the validity and enforceability of this Amendment or the Credit Agreement as amended thereby or materially impair the rights of or benefits available to the Administrative Agent, the Banks or the Issuing
Banks under this Amendment or the Credit Agreement as amended hereby, or of the certificate or articles of incorporation or other constitutive documents or by laws of the Borrower or any Significant Subsidiary, (II) any order of any Governmental
Authority the violation of which could reasonably be expected to impair the validity or enforceability of this Amendment or the Credit Agreement as amended hereby, or materially impair the rights of or benefits available to the Administrative Agent,
the Banks or the Issuing Banks under this Amendment or the Credit Agreement as amended hereby, or (III) any provision of any indenture or other material agreement or instrument evidencing or relating to borrowed money to which the Borrower or any
Significant Subsidiary is a party or by which any of them or any of their property is or may be bound in a manner which could reasonably be expected to impair the validity and enforceability of this Amendment or the Credit Agreement as amended
hereby or materially impair the rights of or benefits available to the Administrative Agent, the Banks or the Issuing Banks under this Amendment or the Credit Agreement as amended hereby, (B) be in conflict 

  

 3 

 
with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under any such indenture, agreement or other instrument
in a manner which could reasonably be expected to impair the validity and enforceability of this Amendment or the Credit Agreement as amended hereby or materially impair the rights of or benefits available to the Administrative Agents, the Banks or
the Issuing Banks under this Amendment or the Credit Agreement as amended hereby or (C) result in the creation or imposition under any such indenture, agreement or other instrument of any Lien upon or with respect to any property or assets now
owned or hereafter acquired by the Borrower. 
 (c) This Amendment has been duly executed and delivered by the Borrower and constitutes, and
the Credit Agreement as amended hereby, will constitute, legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with its terms. 
 (d) No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection
with the Transactions, except such as have been made or obtained and are in full force and effect. 
 (e) Each representation and warranty
made in the Loan Documents is true and correct at and as of the date hereof after giving effect to this Amendment, except to the extent such representations and warranties expressly relate to an earlier date. 
 (f) No Default or Event of Default has occurred and is continuing after giving effect to this Amendment. 
 4. Conditions to Effectiveness. The amendments provided for in Section 2 above shall become effective as of the Effective Date, but shall not
become effective as of such date unless and until each of the following conditions precedent shall have been satisfied: 
 (a) The
Administrative Agent shall have received each of the following, in form and substance satisfactory to it: 
 (i) This
Amendment duly executed by the Borrower and all of the Banks. 
 (ii) [Reserved]. 
 (iii) Evidence satisfactory to the Administrative Agent that the Borrower shall have obtained all consents and approvals of, and shall
have made all filings and registrations with, any Governmental Authority required in order to consummate the Transactions, in each case without the imposition of any condition which, in the judgment of the Banks or the Issuing Banks, could adversely
affect their rights or interests under this Amendment or the Credit Agreement as amended hereby. 
 (iv) A copy of the
certificate or articles of incorporation, including all amendments thereto, of the Borrower, certified as of a recent date by the Secretary of State of the state of its organization, and a certificate as to the good standing of the Borrower as of a
recent date, from such Secretary of State. 
  

 4 

 (v) A certificate of the Secretary or Assistant Secretary of the Borrower dated the date
of this Amendment and certifying (A) that attached thereto is a true and complete copy of the by-laws of the Borrower as in effect on the date of this Amendment and at all times since a date prior to the date of the resolutions described in
clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors of the Borrower authorizing the Transactions, and that such resolutions have not been modified, rescinded or
amended and are in full force and effect, (C) that the certificate or articles of incorporation of the Borrower have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to
clause (iv) above, and (D) as to the incumbency and specimen signature of each officer executing this Amendment or any other document delivered in connection herewith on behalf of the Borrower. 
 (vi) A certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the
certificate pursuant to clause (iv) above. 
 (vii) A certificate, dated the date of this Amendment and signed by a
Financial Officer of the Borrower, confirming compliance with the conditions precedent set forth in paragraphs (e) and (f) of Section 3 hereof. 
 (viii) Such other documents as the Administrative Agent, the Banks, the Issuing Banks or their respective legal counsel may reasonably
request. 
 (b) All fees payable by the Borrower to the Administrative Agent, the Issuing Banks, the Banks or any of their Affiliates on or
prior to the date of this Amendment with respect to this Amendment, and all amounts payable by the Borrower pursuant to Section 9.05 of the Credit Agreement for which invoices have been delivered to the Borrower on or prior to such date, shall
have been paid in full or arrangements satisfactory to the Administrative Agent shall have been made to cause them to be paid in full concurrently with the disbursement of the proceeds of any Borrowing to be made on such date. 
 (c) All legal matters incident to this Amendment and the Credit Agreement as amended hereby and the transactions contemplated thereby shall be reasonably
satisfactory to the Administrative Agent, the Banks, the Issuing Banks and their respective legal counsel. 
 5. Confirmation of Amended
Agreement. The Credit Agreement as amended by this Amendment is and shall continue to be in full force and effect and is hereby in all respects confirmed, approved and ratified. 
 6. Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York. 
 7. Counterparts. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the
signatures thereto were upon the same instrument. 
  

 5 

 8. Headings. Section headings in this Amendment are included herein for convenience and reference
only and shall not constitute a part of this Amendment for any other purpose. 
 [The next page is the signature page] 
  

 6 

 WITNESS the due execution hereof as of the date first above written. 
  

			
	AVISTA CORPORATION
		
	By:	 	 /s/    Diane C. Thoren

	Name:	 	Diane C. Thoren
	Title:	 	Assistant Treasurer

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	THE BANK OF NEW YORK MELLON f/k/a The Bank of New York, as Administrative Agent, an Issuing Bank and a Bank
		
	By:	 	 /s/    Mark W. Rogers

	Name:	 	Mark W. Rogers
	Title:	 	Vice President

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	UNION BANK OF CALIFORNIA, N.A.,
		 	as Syndication Agent, an Issuing Bank and a Bank
		
	By:	 	 /s/    Bryan Read

	Name:	 	Bryan Read
	Title:	 	Vice President

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	WELLS FARGO BANK,
		 	as Documentation Agent, an Issuing Bank and a Bank
		
	By:	 	 /s/    Tom Beil

	Name:	 	Tom Beil
	Title:	 	Vice President

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	BANK HAPOALIM B.M.
	NEW YORK BRANCH,
		 	as a Bank
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	BANK OF AMERICA, N.A.,
		 	as Managing Agent and a Bank
		
	By:	 	 /s/    Mark N. Crawford

	Name:	 	Mark N. Crawford
	Title:	 	Senior Vice President

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	COMERICA WEST INCORPORATED,
		 	as a Bank
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	FIRST COMMERCIAL BANK, NEW YORK
AGENCY,
		 	as a Bank
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	GOLDMAN SACHS CREDIT PARTNERS L.P.,
		 	as a Bank
		
	By:	 	 /s/    Andrew Caditz

	Name:	 	Andrew Caditz
	Title:	 	Authorized Signatory

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	KEYBANK NATIONAL ASSOCIATION,
		 	as Documentation Agent and a Bank
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	MIZUHO CORPORATE BANK, LTD.,
		 	as a Bank
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	SOCIÉTÉ GÉNÉRALE
		 	as a Bank
		
	By:	 	 /s/    Yao Wang

	Name:	 	Yao Wang
	Title:	 	Vice President

 Amendment No. 2 to and under Credit Agreement dated as of December 17, 2004

 WITNESS the due execution hereof as of the date first above written. 
  

			
	U.S. BANK, NATIONAL ASSOCIATION,
		 	as Documentation Agent and a Bank
		
	By:	 	 /s/    Kurban H. Merchant

	Name:	 	Kurban H. Merchant
	Title:	 	Vice PresidentExecutive Deferral Plan of the Company

 Exhibit 10.33 
 Avista Corporation 
 Executive Deferral Plan 
 (2005 Component) 
 Effective
January 1, 2005 

 Avista Corporation 
 Executive Deferral Plan 
 (2005 Component) 
  
 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	PURPOSE	  	1
		
	ARTICLE 1. DEFINITIONS	  	1
		
	ARTICLE 2. SELECTION, ENROLLMENT, ELIGIBILITY	  	6
			
	2.1  	  	Selection by Committee	  	6
	2.2  	  	Enrollment Requirements	  	6
	2.3  	  	Eligibility; Commencement of Participation	  	7
		
	ARTICLE 3. DEFERRAL COMMITMENTS/COMPANY MATCHING/CREDITING/TAXES	  	7
			
	3.1  	  	Minimum Deferrals.	  	7
	3.2  	  	Maximum Deferrals.	  	7
	3.3  	  	Election to Defer.	  	8
	3.4  	  	Withholding of Annual Deferral Amounts	  	9
	3.5  	  	Annual Company Matching Amount	  	9
	3.6  	  	Performance Award Amount	  	9
	3.7  	  	Vesting	  	9
	3.8  	  	Crediting/Debiting of Account Balances	  	9
	3.9  	  	FICA and Other Taxes.	  	11
	3.10	  	Distributions	  	11
		
	ARTICLE 4. PAYOUT AT A SPECIFIED TIME	  	11
			
	4.1  	  	Payout at a Specified Time	  	11
	4.2  	  	Other Benefits Take Precedence Over Payout at a Specified Time	  	12
		
	ARTICLE 5. BENEFIT AT TERMINATION OF EMPLOYMENT	  	12
			
	5.1  	  	Benefit At Termination of Employment	  	12
	5.2  	  	Payment of Termination Benefit	  	12
	5.3  	  	Death Prior to Complete Payment of Termination Benefit	  	13
		
	ARTICLE 6. PRE-TERMINATION SURVIVOR BENEFIT	  	13
			
	6.1  	  	Pre-Termination Survivor Benefit	  	13
	6.2  	  	Payment of Pre-Termination Survivor Benefit	  	13

  

 -i- 

 Avista Corporation 
 Executive Deferral Plan 
 (2005 Component) 
  
  

					
	 ARTICLE 7. BENEFICIARY DESIGNATION
	  	13
			
	 7.1  
	  	Beneficiary	  	13
	 7.2  
	  	Beneficiary Designation; Change; Spousal Consent	  	14
	 7.3  
	  	Acknowledgment	  	14
	 7.4  
	  	No Beneficiary Designation	  	14
	 7.5  
	  	Doubt as to Beneficiary	  	14
	 7.6  
	  	Discharge of Obligations	  	14
		
	 ARTICLE 8. TERMINATION, AMENDMENT OR MODIFICATION
	  	14
			
	 8.1  
	  	Termination	  	14
	 8.2  
	  	Amendment	  	15
	 8.3  
	  	Effect of Payment	  	15
		
	 ARTICLE 9. ADMINISTRATION
	  	15
			
	 9.1  
	  	Committee Duties	  	15
	 9.2  
	  	Administration Upon Change In Control	  	15
	 9.3  
	  	Agents	  	16
	 9.4  
	  	Binding Effect of Decisions	  	16
	 9.5  
	  	Indemnity of Committee	  	16
	 9.6  
	  	Employer Information	  	16
		
	 ARTICLE 10. OTHER BENEFITS AND AGREEMENTS
	  	16
		
	 ARTICLE 11. CLAIMS PROCEDURES
	  	16
			
	 11.1
	  	Presentation of Claim	  	16
	 11.2
	  	Notification of Decision	  	16
	 11.3
	  	Review of a Denied Claim	  	17
	 11.4
	  	Decision on Review	  	17
	 11.5
	  	Legal Action	  	17
		
	 ARTICLE 12. TRUST
	  	17
			
	 12.1
	  	Establishment of the Trust	  	17
	 12.2
	  	Interrelationship of the Plan and the Trust	  	18
	 12.3
	  	Distributions From the Trust	  	18
		
	 ARTICLE 13. MISCELLANEOUS
	  	18
			
	 13.1
	  	Status of Plan	  	18

  

 -ii- 

 Avista Corporation 
 Executive Deferral Plan 
 (2005 Component) 
  
  

					
	13.2  	  	Unsecured General Creditor	  	18
	13.3  	  	Employer’s Liability	  	18
	13.4  	  	Nonassignability	  	18
	13.5  	  	Not a Contract of Employment	  	18
	13.6  	  	Furnishing Information	  	19
	13.7  	  	Terms	  	19
	13.8  	  	Captions	  	19
	13.9  	  	Governing Law	  	19
	13.10	  	Notice	  	19
	13.11	  	Successors	  	19
	13.12	  	Spouse’s Interest	  	19
	13.13	  	Validity	  	20
	13.14	  	Incompetent	  	20
	13.15	  	Payment On Earlier Payment Date	  	20

  

 -iii- 

 AVISTA CORPORATION 
 EXECUTIVE DEFERRAL PLAN 
 (2005 Component) 
 Effective January 1, 2005 
 Purpose 
 The purpose of this Plan, effective January 1, 2005, is to provide specified benefits to a select group of
management and highly compensated Employees who contribute materially to the continued growth, development and future business success of Avista Corporation, a Washington corporation, and its affiliates, if any, that sponsor this Plan. This Plan is
a component of the Avista Corporation Executive Deferral Plan and shall be unfunded for tax purposes and for purposes of Title I of ERISA. 
 ARTICLE 1. 
 DEFINITIONS 
 For purposes of this Plan, unless otherwise clearly apparent from the context, the following phrases or terms shall have the following indicated meanings: 
  

	1.1	“Account Balance” shall mean, with respect to a Participant, a credit on the records of the Employer equal to the sum of (i) the Deferral Account balance and
(ii) the Company Matching Account balance. The Account Balance, and each other specified account balance, shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid
to a Participant, or his or her designated Beneficiary, pursuant to this Plan. 

  

	1.2	“Annual Bonus” shall mean any compensation, in addition to Base Annual Salary relating to services performed during any calendar year, whether or not paid in such calendar
year or included on the Federal Income Tax Form W-2 for such calendar year, payable to a Participant as an Employee under any Employer’s annual bonus and cash incentive plans, excluding stock options. 

  

	1.3	“Annual Company Matching Amount” for any one Plan Year shall be the amount determined in accordance with Section 3.5. 

  

	1.4	“Annual Deferral Amount” shall mean that portion of a Participant’s Base Annual Salary and/or Annual Bonus and/or Performance Award Amount that a Participant elects
to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant’s death or other Separation from Service prior to the end of a Plan Year, such year’s Annual Deferral Amount (other than any
Performance Award Amount) shall be the actual amount withheld prior to such event. 

  

	1.5	 “Annual Installment Method” shall be an annual installment form of payment over the number of years selected by the Participant in accordance with this
Plan, calculated as follows: (a) during the Plan Year in which such payments begin, each payment shall equal the Account Balance to be distributed under the Annual Installment Method divided by the total number of installment payments to be
made; and (b) during the remaining benefit payment period, the amount of each installment to be paid during each such subsequent Plan Year shall equal the remaining Account 

  

 -1- 

	 	 
Balance as of December 31 of the prior year divided by the number of installment payments to be made in and after such subsequent Plan Year.
Notwithstanding the foregoing, the final installment shall be the Participant’s Account Balance as of the date of payment. 

  

	1.6	“Base Annual Salary” shall mean the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included
on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other
allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or
contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 402(e)(3), 402(h),
or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  

	1.7	“Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with Article 7, that are entitled to receive benefits under
this Plan upon the death of a Participant. 

  

	1.8	“Beneficiary Designation Form” shall mean the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to
designate one or more Beneficiaries. 

  

	1.9	“Board” shall mean the board of directors of the Company. 

  

	1.10	“Change of Control” shall mean: 

  

	 	(a)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of twenty percent (20%) or more of either (i) the then outstanding shares of common stock of the Company
(the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting
Securities”); provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company,
(iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (iv) any acquisition by any corporation pursuant to a transaction which complies
with clauses (i), (ii) and (iii) of subsection (c) of this Section 1.10; or 

  

	 	(b)	 Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board;
provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at 

  

 -2- 

	 	 
least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors, or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board; or 

  

	 	(c)	Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”),
in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than fifty percent (50%) of, respectively, the then outstanding shares of common stock and the combined voting power of the then
outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such
transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of
the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or employee benefit plan (or related trust) of the Company or
such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, twenty percent (20%) or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business
Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members of the board
of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or

  

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

  

	1.11	“Claimant” shall have the meaning set forth in Section 11.1. 

  

	1.12	“Code” shall mean the Internal Revenue Code of 1986, as it may be amended from time to time. 

  

	1.13	“Committee” shall mean the committee described in Article 9. 

  

	1.14	“Company” shall mean Avista Corporation, a Washington corporation, and any business which assumes the obligations of the Company hereunder. 

  

	1.15	“Company Matching Account” shall mean (i) the sum of all of a Participant’s Annual Company Matching Amounts, plus (ii) amounts credited in accordance with
all the applicable crediting provisions of this Plan that relate to the Participant’s Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the
Participant’s Company Matching Account. 

  

 -3- 

	1.16	“Deferral Account” shall mean (i) the sum of all of a Participant’s Annual Deferral Amounts, plus (ii) amounts credited in accordance with all the
applicable crediting provisions of this Plan that relate to the Participant’s Deferral Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to his or her Deferral
Account. 

  

	1.17	“Disability” shall mean that a Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months or is, by reason of any medically determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering Employees.

  

	1.18	“Distribution Election Form” shall mean the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to elect
the form and timing of distributions to the Participant under the Plan. 

  

	1.19	“Eligible Performance Award” shall mean a Performance Award pursuant to which the Committee, in its sole discretion, has determined the Performance Award Amount to be
deferrable in accordance with Article 3. 

  

	1.20	“Employee” shall mean a person who is an employee of any Employer. 

  

	1.21	“Employer(s)” shall mean the Company and/or any other Related Employer (now in existence or hereafter formed or acquired) that participates in the Plan with respect to its
Employees. 

  

	1.22	“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as it may be amended from time to time. 

  

	1.23	“401(k) Plan” shall be The Investment and Employee Stock Ownership Plan of Avista Corporation, as amended from time to time. 

  

	1.24	“LTIPs” shall mean either the Company’s Long Term Incentive Plan or the 2000 Non-Officer Employee Long Term Incentive Plan. 

  

	1.25	“Monthly Installment Method” shall be a monthly installment form of payment over the number of months selected by the Participant in accordance with this Plan, calculated
as follows: (a) during the Plan Year in which such payments begin, each payment shall equal the Account Balance to be distributed under the Monthly Installment Method divided by the total number of installment payments to be made; and
(b) during the remaining benefit payment period, the amount of each installment to be paid during each such subsequent Plan Year shall equal the remaining Account Balance as of December 31 of the immediately preceding Plan Year divided by
the number of installment payments to be made in and after such subsequent Plan Year. Notwithstanding the foregoing, the final installment shall be the Participant’s Account Balance as of the date of payment. 

  

	1.26	 “Participant” shall mean any Employee (i) who is selected to participate in the Plan, (ii) who elects to participate in the Plan, (iii) who
signs a deferral election form, (iv) whose signed deferral election form is accepted by the Committee, (v) who commences participation in the 

  

 -4- 

	 	 
Plan, and (vi) whose deferral election form has not terminated. A spouse or former spouse of a Participant shall not be treated as a Participant in the
Plan or have an account balance under the Plan, even if he or she has an interest in the Participant’s benefits under the Plan as a result of applicable law or property settlements resulting from legal separation or divorce.

  

	1.27	“Payout at a Specified Time” shall mean the payout set forth in Section 4.1. 

  

	1.28	“Performance Award” shall mean the grant of an award by the Company to a Participant pursuant to an LTIP. 

  

	1.29	“Performance Award Agreement” shall mean the agreement evidencing the grant of a Performance Award. 

  

	1.30	“Performance Award Amount” shall mean the total cash amount or cash equivalent earned by a Participant under an Eligible Performance Award upon the achievement of certain
performance criteria set forth in the Performance Award Agreement related thereto. 

  

	1.31	“Performance Cycle” shall mean that period of time during which a Performance Award may be earned, as set forth in a Participant’s Performance Award Agreement.

  

	1.32	“Plan” shall mean the Company’s Executive Deferral Plan (2005 Component), which shall be evidenced by this document and by each Participant’s deferral election
form, as they may be amended from time to time. The Plan is a component of the Avista Corporation Executive Deferral Plan and governs deferrals under such plan that are made with respect to Base Annual Salary, Annual Bonuses and Performance Awards
that are earned on and after on January 1, 2005. 

  

	1.33	“Plan Year” shall mean a period beginning on January 1 of each calendar year and continuing through the last day of December of the same calendar year.

  

	1.34	“Pre-Termination Survivor Benefit” shall mean the benefit set forth in Article 6. 

  

	1.35	“Related Employer” shall mean a corporation which is a member of the same controlled group of corporations (as defined in Code Section 414(b)) as the Company and a
trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c)) with the Company. 

  

	1.36	“Separation from Service” shall mean that an Employee has died, retired or otherwise has incurred a termination of employment. An Employee will not incur a Separation from
Service while he is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as the individual retains a right to reemployment under an applicable statute or
contract. A leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the Employee will return to perform services. Notwithstanding the foregoing, where a leave of absence is due to any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Employee to be unable to perform the duties of his
position of employment or any substantially similar position of employment, a 29 month period of absence is substituted for such six month period. 

  

	 	 “Termination of employment” means that it is reasonably anticipated based on the facts and circumstances that an Employee will perform no further services
after a certain date or that the 

  

 -5- 

	 	 
level of bona fide services he would perform after such date would permanently decrease to no more than 20 percent of the average level of bona fide services
performed over the immediately preceding 36 month period (or the full period of services if the Employee has been providing services for less than 36 months). An Employee shall incur a Separation from Service when the level of bona fide services
performed decreases to a level equal to 20 percent or less of the average level of services performed by him during the immediately preceding 36 month period. 

  

	1.37	“Stock” shall mean Avista Corporation common stock, zero par value, or any other equity securities of the Company designated by the Committee. 

  

	1.38	“Survivor Benefit Payment Election Form” shall mean the form established from time to time by the Committee that a Participant completes, signs and returns to the
Committee to elect the form of payment to his or her Beneficiary in the event of his or her death under Article 6. 

  

	1.39	“Termination Benefit” shall mean the benefit set forth in Article 5. 

  

	1.40	“Trust” shall mean one or more trusts established pursuant to that certain Master Trust Agreement, effective as of March 1, 2000 between the Company and the trustee
named therein, as amended from time to time. 

  

	1.41	“Years of Service” shall mean the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of
employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee’s date of hiring and that, for any subsequent year, commences on an anniversary of that hiring
date. Any partial year of employment shall not be counted. 

 ARTICLE 2.  
 SELECTION, ENROLLMENT, ELIGIBILITY 
  

	2.1	Selection by Committee. Participation in the Plan shall be limited to a select group of management and highly compensated Employees of the Employers, as determined by
the Committee in its sole discretion. From that group, the Committee shall select, in its sole discretion, Employees to participate in the Plan. 

  

	2.2	Enrollment Requirements. As a condition to participation, each selected Employee shall complete, execute and return to the Committee a deferral election form, a
Distribution Election Form and a Beneficiary Designation Form, all within 30 days after he or she is selected to participate in the Plan. An Employee may not elect to participate in the Plan within the 30 day period described above if on the date he
or she becomes eligible to participate he or she already participates in another non-qualified elective “account balance plan” of the Employer (as such term is defined in Treasury Regulation Section 1.409A-1(c)(2)(i)(A), other than a
plan described in Treasury Regulation Sections 1.409A-1(c)(2)(i)(D), (E), (F), (G) or (H) relating to separation pay plans, rights to in-kind benefits or reimbursements, split dollar life insurance arrangements, modified foreign earned
income, and stock rights). In such case, the Employee may enroll in the Plan for the next following Plan Year. In addition, the Committee shall establish from time to time such other enrollment requirements as it determines in its sole discretion
are necessary. 

  

 -6- 

	2.3	Eligibility; Commencement of Participation. Provided an Employee selected to participate in the Plan has met all enrollment requirements set forth in this Plan and
required by the Committee, including returning all required documents to the Committee within the specified time period, that Employee shall commence participation in the Plan on the first day of the month following the month in which the Employee
completes all enrollment requirements. If an Employee fails to meet all such requirements within the period required, in accordance with Section 2.2, that Employee shall not be eligible to participate in the Plan until the first day of the Plan
Year following the delivery to and acceptance by the Committee of the required documents. 

 ARTICLE 3. 

 DEFERRAL COMMITMENTS/COMPANY MATCHING/CREDITING/TAXES 
  

	3.1	Minimum Deferrals. 

  

	 	(a)	Base Annual Salary and/or Annual Bonus. Prior to each Plan Year, a Participant may elect to defer, as his or her Annual Deferral Amount, Base Annual Salary and/or
Annual Bonus in the following minimum amounts for each deferral elected: 

  

				
	 Deferral
	  	Minimum
Amount
	 Base Annual Salary
	  	$	2,000
	 Annual Bonus
	  	$	2,000

 If an election is made for less than stated minimum amounts, or if no election is made, the
amount deferred shall be zero. 
  

	 	(b)	Eligible Performance Award. For each Eligible Performance Award, a Participant may elect to defer the following minimum percentage of a Performance Award Amount:

  

				
	 Deferral
	  	Minimum
Percentage	 
	 Performance Award Amount
	  	10	%

 If an election is made for less than the stated minimum percentage, or if no election is made,
the amount deferred shall be zero. 
  

	3.2	Maximum Deferrals. 

  

	 	(a)	Base Annual Salary and/or Annual Bonus. For each Plan Year, a Participant may elect to defer, as his or her Annual Deferral Amount, Base Annual Salary and/or Annual
Bonus up to the following maximum percentages for each deferral elected: 

  

				
	 Deferral
	  	Maximum
Amount	 
	 Base Annual Salary
	  	75	%
	 Annual Bonus
	  	100	%

 Notwithstanding the foregoing, if a Participant first becomes a Participant after the first day
of a Plan Year, the maximum Annual Deferral Amount, with respect to Base Annual Salary and Annual Bonus shall be limited to the amount of compensation paid for services to be performed subsequent to the date the Participant submits a deferral
election to the Committee for acceptance. 
  

 -7- 

	 	(b)	Eligible Performance Award. For each Eligible Performance Award, a Participant may elect to defer the following maximum percentage of a Performance Award Amount:

  

				
	 Deferral
	  	Maximum
Percentage	 
	 Performance Award Amount
	  	100	%

 The amount of a Performance Award Amount that may be deferred may also be limited by other terms
or conditions set forth in a LTIP or Performance Award Agreement related thereto. 
  

	3.3	Election to Defer. 

  

	 	(a)	First Plan Year. In connection with a Participant’s commencement of participation in the Plan, the Participant shall make an irrevocable deferral election for the
Plan Year in which the Participant commences participation in the Plan. For the election to be valid, the election must be completed in writing and signed by the Participant, timely delivered to the Committee (in accordance with Section 2.2
above) and accepted by the Committee. In the case of compensation that is earned based upon a specified performance period (for example, an Annual Bonus), where a Distribution Election Form is submitted in the first year of eligibility but after the
beginning of the service period, the Distribution Election Form will apply to the portion of the compensation equal to the total amount of the compensation for the service period multiplied by the ratio of the number of days remaining in the
performance period after the Distribution Election Form is submitted over the total number of days in the performance period. 

  

	 	(b)	Subsequent Plan Years. For each succeeding Plan Year, an irrevocable deferral election for that Plan Year, shall be made by timely delivering to the Committee, in
accordance with its rules and procedures, before the end of the Plan Year preceding the Plan Year for which the election is made, a new election. If no such election is timely delivered for a Plan Year, the Annual Deferral Amount shall be zero for
that Plan Year. 

  

	 	(c)	Eligible Performance Award. For an election to defer amounts earned under an Eligible Performance Award, and for such deferral to become effective: (i) a separate
election must be completed in writing and signed by a Participant with respect to deferral of some or all of the Performance Award Amount pursuant to Section 3.1 or Section 3.2; (ii) the election must be timely delivered and accepted
by the Committee in accordance with its rules and procedures at least six (6) months before the end of the Performance Cycle; (iii) the Participant must perform services continuously from the later of the beginning of the Performance Cycle
or the date the performance criteria are established through the date an election is made under this Section 3.3(c); and (iv) the election is not made after the Performance Award Amount has become readily ascertainable. Notwithstanding the
previous sentence, if a portion of such Performance Award Amount is readily ascertainable when a Distribution Election Form is filed, such election shall only apply to the portion of the Performance Award Amount that is not yet ascertainable.

  

 -8- 

	3.4	Withholding of Annual Deferral Amounts. For each Plan Year, the Base Annual Salary portion of the Annual Deferral Amount shall be withheld from each regularly
scheduled Base Annual Salary payroll in equal amounts, as adjusted from time to time for increases and decreases in Base Annual Salary. The Annual Bonus portion of the Annual Deferral Amount shall be withheld at the time the Annual Bonus is or
otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself. 

  

	3.5	Annual Company Matching Amount. A Participant’s Annual Company Matching Amount for any Plan Year shall be equal to 75% (or such other percentage used by the
Participant’s Employer to determine his matching contribution under the 401(k) Plan) of the Participant’s Annual Deferral Amount for the immediately prior Plan Year, up to an amount that does not exceed 6% of the Participant’s Base
Annual Salary for the prior Plan Year, reduced by the amount of any matching contributions made to the 401(k) Plan on his or her behalf for such prior Plan Year of the 401(k) Plan, assuming that the Participant had contributed the maximum amount
permitted to the 401(k) Plan under the provisions of Code Sections 402(g) and 401(a)(17). If a Participant is not employed by an Employer as of the last business day of a Plan Year, the Annual Company Matching Amount for such Plan Year shall be
zero. Notwithstanding anything to the contrary in this Section 3.5, no Performance Award Amount shall be included in any Participant’s Annual Deferral Amount for the purposes of (i) calculating the Annual Company Matching Amount, or
(ii) calculating whether or not the maximum Annual Company Matching Amount has been reached or exceeded. 

  

	3.6	Performance Award Amount. Performance Award Amounts deferred under the Plan shall be credited/debited to a Participant on the books of the Employer at such time as
such Performance Award Amount would otherwise have been paid or delivered to a Participant pursuant to the Performance Award Agreement, but for the election to defer. 

  

	3.7	Vesting. A Participant shall at all times be 100% vested in his or her Deferral Account and Company Matching Account. 

  

	3.8	Crediting/Debiting of Account Balances. In accordance with, and subject to, the rules and procedures that are established from time to time by the Committee, in its
sole discretion, amounts shall be credited or debited to a Participant’s Account Balance in accordance with the following rules: 

  

	 	(a)	 Election of Measurement Funds. A Participant, in connection with his or her initial deferral election in accordance with Section 3.3(a) above,
shall elect one or more Measurement Fund(s) (as described in Section 3.8(c) below) to be used to determine the additional amounts to be credited to his or her Account Balance for the first day in which the Participant commences participation in
the Plan and continuing thereafter for each subsequent day in which the Participant participates in the Plan, unless changed in accordance with the next sentence. Commencing with the first business day that follows the Participant’s
commencement of participation in the Plan and continuing thereafter for each subsequent business day in which the Participant participates in the Plan, the Participant may (but is not required to) elect, in the form and manner that is accepted by
the Committee, to add or delete one or more Measurement Fund(s) to be used to determine the additional amounts to be credited to his or her Account Balance, or to change the portion of his or her Account Balance allocated to each previously or newly

  

 -9- 

	 	 
elected Measurement Fund. If an election is made in accordance with the previous sentence, it shall apply to the next business day and continue thereafter
for each subsequent day in which the Participant participates in the Plan, unless changed in accordance with the previous sentence. 

  

	 	(b)	Proportionate Allocation. In making any election described in Section 3.8(a) above, the Participant shall specify in increments of one percentage point (1%), the
percentage of his or her Account Balance to be allocated to a Measurement Fund (as if the Participant was making an investment in that Measurement Fund with that portion of his or her Account Balance). 

  

	 	(c)	Measurement Funds. The Participant may elect one or more measurement funds, based on certain mutual funds (the “Measurement Funds”) listed on Exhibit 1
hereof, incorporated herein by this reference, for the purpose of crediting additional amounts to his or her Account Balance; provided, however, that the Committee must always select as a Measurement Fund the Company Stock Fund (described as a
mutual fund 100% invested in Stock, with all dividends deemed invested in additional shares of Stock. As necessary, the Committee may, in its sole discretion, discontinue, substitute or add a Measurement Fund; provided, however, that the Committee
may never discontinue or delete the Company Stock Fund. Each such action will take effect as of the first day of the calendar quarter that follows by thirty (30) days the day on which the Committee gives Participants advance written notice of
such change. 

  

	 	(d)	Crediting or Debiting Method. The performance of each elected Measurement Fund (either positive or negative) will be determined by the Committee, in its reasonable
discretion, based on the performance of the Measurement Funds themselves. A Participant’s Account Balance shall be credited or debited on a daily basis based on the performance of each Measurement Fund selected by the Participant, as determined
by the Committee in its sole discretion, as though (i) a Participant’s Account Balance were invested in the Measurement Fund(s) selected by the Participant, in the percentages applicable to such day, as of the close of business on such
date; (ii) the portion of the Annual Deferral Amount that was actually deferred during any day were invested in the Measurement Fund(s) selected by the Participant, in the percentages applicable to such day, no later than the close of business
on the business day after the day on which such amounts are actually deferred from the Participant’s Base Annual Salary through reductions in his or her payroll, at the closing price on such date; and (iii) any distribution made to a
Participant that decreases such Participant’s Account Balance ceased being invested in the Measurement Fund(s), in the percentages applicable to such day, no earlier than one business day prior to the distribution, at the closing price on such
date. The Participant’s Annual Company Matching Amount shall be credited to his or her Company Matching Account as of the close of business on the last business day of the Plan Year to which it relates. 

  

	 	(e)	 No Actual Investment. Notwithstanding any other provision of this Plan that may be interpreted to the contrary, the Measurement Funds are to be used
for measurement purposes only, and a Participant’s election of any such Measurement Fund, the allocation to his or her Account Balance thereto, the calculation of additional amounts and the 

  

 -10- 

	 	 
crediting or debiting of such amounts to a Participant’s Account Balance shall not be considered or construed in any manner as an actual investment of
his or her Account Balance in any such Measurement Fund. In the event that the Company or the Trustee (as that term is defined in the Trust), in its own discretion, decides to invest funds in any or all of the Measurement Funds, no Participant shall
have any rights in or to such investments themselves. Without limiting the foregoing, a Participant’s Account Balance shall at all times be a bookkeeping entry only and shall not represent any investment made on his or her behalf by the Company
or the Trust; the Participant shall at all times remain an unsecured creditor of the Company. 

  

	3.9	FICA and Other Taxes. 

  

	 	(a)	Annual Deferral Amounts. Unless otherwise previously withheld, for each Plan Year in which an Annual Deferral Amount is being withheld from a Participant, the
Participant’s Employer(s) shall withhold from that portion of the Participant’s Base Annual Salary and Bonus that is not being deferred, in a manner determined by the Employer(s), the Participant’s share of FICA and other employment
taxes on such Annual Deferral Amount. If necessary, the Committee may reduce the Annual Deferral Amount in order to comply with this Section 3.9. 

  

	 	(b)	Company Matching Amounts. When a participant becomes vested in a portion of his or her Company Matching Account, the Participant’s Employer(s) shall withhold from
the Participant’s Base Annual Salary and/or Bonus that is not deferred, in a manner determined by the Employer(s), the Participant’s share of FICA and other employment taxes. If necessary, the Committee may reduce the vested portion of the
Participant’s Company Matching Account in order to comply with this Section 3.9. 

  

	3.10	Distributions. The Participant’s Employer(s), or the trustee of the Trust, shall withhold from any payments made to a Participant under this Plan all federal,
state and local income, employment and other taxes required to be withheld by the Employer(s), or the trustee of the Trust, in connection with such payments, in amounts and in a manner to be determined in the sole discretion of the Employer(s) and
the trustee of the Trust. 

 ARTICLE 4. 
 PAYOUT AT A SPECIFIED TIME 
  

	4.1	Payout at a Specified Time. 

  

	 	(a)	Distribution Election. A Participant in connection with his or her commencement of participation in the Plan shall irrevocably elect in a Distribution Election Form to
receive a future “Payout at a Specified Time” of his or her Account Balance from the Plan. The Payout at a Specified Time shall be made or commenced at the time elected by the Participant and shall be distributed in a lump sum or pursuant
to a Monthly Installment Method of 60, 120 or 180 months or an Annual Installment Method of five, ten or fifteen years, as elected by the Participant. The Participant shall make such elections when he or she submits his or her first irrevocable
deferral election as described in Section 3.3(a). If a Participant does not make any such form of payment election with respect to the Payout at a Specified Time, then such benefit shall be paid in a lump sum. 

  

 -11- 

	 	(b)	Delay or Change of Distribution. A Participant may amend his or her Distribution Election Form to delay a Payout at a Specified Time or to change the form of payment
by submitting a new Distribution Election Form in accordance with the Committee’s rules and procedures, provided that: (i) the amended Distribution Election Form is submitted at least one year prior to the date on which the first payment
of the Payout at a Specified Time would have otherwise become payable; and (ii) the amended Distribution Election Form will result in a delay of the Participant’s receipt of such benefit by at least five additional years.

  

	4.2	Other Benefits Take Precedence Over Payout at a Specified Time. Should an event occur that triggers a benefit under Article 5 or 6, an Account Balance that is
subject to a Payout at a Specified Time election under Section 4.1 shall not be paid at the time elected by the Participant under Section 4.1 but shall be paid at the time set forth under the other applicable Article.

 ARTICLE 5. 
 BENEFIT AT TERMINATION OF EMPLOYMENT 
  

	5.1	Benefit At Termination of Employment. A Participant who experiences a Separation from Service for reasons other than death shall receive, as a Termination Benefit, his
or her Account Balance unless the Participant’s Account Balance is subject to a Payout at a Specified Time election that requires payments to be made or commenced prior to the Participant’s Separation from Service.

  

	5.2	Payment of Termination Benefit. A Participant in connection with his or her commencement of participation in the Plan, may elect on a Distribution Election Form to
receive a Termination Benefit in a lump sum or pursuant to a Monthly Installment Method of 60, 120 or 180 months or an Annual Installment Method of five, ten or fifteen years. The Participant shall elect the payment form when he or she submits his
or her first irrevocable deferral election as described in Section 3.3(a). If a Participant does not make any election with respect to the payment of the Termination Benefit, then such benefit shall be paid in a lump sum. A Termination Benefit
shall be paid, or installment payments shall commence, upon the Participant’s Separation from Service, except that the payment of a Termination Benefit to a Participant who is a “specified person” shall not be paid or commence prior
to a date that is six (6) months after the date of his or her Separation from Service. A Participant is a “specified person” if he is a key employee under Code Sections 416(i)(1)(A)(i), (ii) or (iii) at any time during the
12 month period ending on a “specified employee identification date.” If the Participant is a key employee on such a date, he will be treated as a key employee for the entire 12 month period beginning on the “specified employee
effective date.” For purposes of this Section 5.2, the “specified employee identification date” is December 31 and the “specified employee effective date” is the following April 1. The accumulated value of
deferred payments (including accumulated earnings) will be paid to an Employee who is a specified person in a single sum at the beginning of the seventh calendar month after the date of his Separation from Service. 

  

	  	 Termination Benefits shall commence or be paid as soon as reasonably practicable following the payment date specified in this Section 5.2, but in no event
later than 90 days from such date. A Participant may amend his or her Distribution Election Form to change the payment form by submitting a new Distribution Election Form in accordance with the Committee’s rules and 

  

 -12- 

	 	 
procedures, provided that: (i) unless the Participant’s Separation from Service is due to Disability, the amended Distribution Election Form is
submitted at least one year prior to the date on which such benefit would have otherwise become payable; and (ii) the amended Distribution Election Form will result in a delay of the Participant’s receipt of such benefit by at least five
additional years. 

  

	5.3	Death Prior to Complete Payment of Termination Benefit. If a Participant dies after his or her Termination Benefit commences, but before it is paid in full, the
Participant’s unpaid Termination Benefit payments shall continue and shall be paid to the Participant’s Beneficiary over the remaining number of years and in the same amounts as that benefit would have been paid to the Participant had the
Participant survived. 

 ARTICLE 6. 
 PRE-TERMINATION SURVIVOR BENEFIT 
  

	6.1	Pre-Termination Survivor Benefit. The Participant’s Beneficiary shall receive a Pre-Termination Survivor Benefit equal to the Participant’s Account Balance
if the Participant dies before he or she commences receiving his or her Termination Benefit. 

  

	6.2	Payment of Pre-Termination Survivor Benefit. A Participant, in connection with his or her commencement of participation in the Plan, shall elect on a Survivor Benefit
Payment Election Form whether the Pre-Termination Survivor Benefit shall be received by his or her Beneficiary in a lump sum or pursuant to a Monthly Installment Method of 60, 120 or 180 months or Annual Installment Method of five, ten or fifteen
years. The Participant shall elect the payment form when he or she submits his or her first irrevocable deferral election as described in Section 3.3(a). If a Participant does not make any election with respect to the payment of the
Pre-Termination Survivor Benefit, then such benefit shall be paid in a lump sum. The lump sum payment shall be made, or installment payments shall commence, as soon as reasonably practicable following the Participant’s death, but in no event
later than 90 days from such date. A Participant may amend his or her Survivor Benefit Payment Election Form to change the payment form of a Pre-Termination Survivor Benefit by submitting a new Survivor Benefit Payment Election Form in accordance
with the Committee’s rules and procedures, provided that the amended Survivor Benefit Payment Election Form is not effective for 12 months after it is submitted. 

 ARTICLE 7. 
 BENEFICIARY DESIGNATION 
  

	7.1	Beneficiary. Each Participant shall have the right, at any time, to designate his or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits
payable under the Plan to a beneficiary upon the death of a Participant. The Beneficiary designated under this Plan may be the same as or different from the Beneficiary designation under any other plan of an Employer in which the Participant
participates. 

  

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	7.2	Beneficiary Designation; Change; Spousal Consent. A Participant shall designate his or her Beneficiary by completing and signing the Beneficiary Designation
Form, and returning it to the Committee or its designated agent. A Participant shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Committee’s
rules and procedures, as in effect from time to time. If the Participant names someone other than his or her spouse as a Beneficiary, a spousal consent, in the form designated by the Committee, must be signed by that Participant’s spouse and
returned to the Committee. Upon the acceptance by the Committee of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be canceled. The Committee shall be entitled to rely on the last Beneficiary Designation Form
filed by the Participant and accepted by the Committee prior to his or her death. 

  

	7.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received and acknowledged in writing by the Committee or its
designated agent. 

  

	7.4	No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided in Sections 8.1, 8.2 and 8.3 above or, if all designated Beneficiaries
predecease the Participant or die prior to complete distribution of the Participant’s benefits, then the Participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse,
the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the Participant’s estate. 

  

	7.5	Doubt as to Beneficiary. If the Committee has any doubt as to the proper Beneficiary to receive payments pursuant to this Plan, the Committee shall have the
right, exercisable in its discretion, to cause the Participant’s Employer to withhold such payments until this matter is resolved to the Committee’s satisfaction. 

  

	7.6	Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge all Employers and the Committee from all
further obligations under this Plan with respect to the Participant, and that Participant’s deferral election shall terminate upon such full payment of benefits. 

 ARTICLE 8. 
 TERMINATION, AMENDMENT OR MODIFICATION 
  

	8.1	Termination. Although each Employer anticipates that it will continue the Plan for an indefinite period of time, there is no guarantee that any Employer will
continue the Plan or will not terminate the Plan at any time in the future. Accordingly, each Employer reserves the right to discontinue its sponsorship of the Plan and/or to terminate the Plan at any time with respect to any or all of its
participating Employees, by action of its governing body. Upon the termination of the Plan with respect to any Employer, the deferral elections of the affected Participants who are employed by that Employer shall terminate and their Account
Balances, determined as if they had experienced a Separation from Service for reasons other than death on the date of Plan termination, shall be paid to the Participants in a lump sum as soon as reasonably practicable following the Plan termination
in accordance with Code Section 409A. The termination of the Plan shall not adversely affect any Participant or Beneficiary who has become entitled to the payment of any benefits under the Plan as of the date of termination.

  

 -14- 

	8.2	Amendment. Any Employer may, at any time, amend or modify the Plan in whole or in part with respect to that Employer by the action of its board of directors; provided,
however, that: (i) no amendment or modification shall be effective to decrease or restrict the value of a Participant’s Account Balance in existence at the time the amendment or modification is made, calculated as if the Participant had
experienced a Separation from Service for reasons other than death as of the effective date of the amendment or modification, and (ii) no amendment or modification of this Section 8.2 or Section 9.2 of the Plan shall be effective. The
amendment or modification of the Plan shall not affect any Participant or Beneficiary who has become entitled to the payment of benefits under the Plan as of the date of the amendment or modification. 

  

	8.3	Effect of Payment. The full payment of the applicable benefit under Articles 4, 5, or 6 of the Plan shall completely discharge all obligations to a Participant
and his or her designated Beneficiaries under this Plan and the Participant’s deferral election shall terminate. 

 ARTICLE 9. 
 ADMINISTRATION 
  

	9.1	Committee Duties. Except as otherwise provided in this Article 9, this Plan shall be administered by a Committee which shall consist of the Board, or such
committee as the Board shall appoint. Members of the Committee may be Participants under this Plan. The Committee shall also have the discretion and authority to (i) make, amend, interpret, and enforce all appropriate rules and regulations for
the administration of this Plan and (ii) decide or resolve any and all questions including interpretations of this Plan, as may arise in connection with the Plan. Any individual serving on the Committee who is a Participant shall not vote or
act on any matter relating solely to himself or herself. When making a determination or calculation, the Committee shall be entitled to rely on information furnished by a Participant or the Company. 

  

	9.2	Administration Upon Change In Control. For purposes of this Plan, the Company shall be the “Administrator” at all times prior to the occurrence of a Change
in Control. Upon and after the occurrence of a Change in Control, the “Administrator” shall be an independent third party selected by the Trustee and approved by the individual who, immediately prior to such event, was the Company’s
Chief Executive Officer or, if not so identified, the Company’s highest ranking officer (the “Ex-CEO”). The Administrator shall have the discretionary power to determine all questions arising in connection with the administration of
the Plan and the interpretation of the Plan and Trust including, but not limited to benefit entitlement determinations. Upon and after the occurrence of a Change in Control, the Company must: (1) pay all reasonable administrative expenses and
fees of the Administrator; (2) indemnify the Administrator against any costs, expenses and liabilities including, without limitation, attorney’s fees and expenses arising in connection with the performance of the Administrator hereunder,
except with respect to matters resulting from the gross negligence or willful misconduct of the Administrator or its employees or agents; and (3) supply full and timely information to the Administrator or all matters relating to the Plan, the
Trust, the Participants and their Beneficiaries, the Account Balances of the Participants, the date of circumstances of the Disability, death or other Separation from Service of the Participants, and such other pertinent information as the
Administrator may reasonably require. Upon and after a Change in Control, the Administrator may be terminated (and a replacement appointed) by the Trustee only with the approval of the Ex-CEO. Upon and after a Change in Control, the Administrator
may not be terminated by the Company. 

  

 -15- 

	9.3	Agents. In the administration of this Plan, the Committee may, from time to time, employ agents and delegate to them such administrative duties as it sees fit
(including acting through a duly appointed representative) and may from time to time consult with counsel who may be counsel to any Employer. 

  

	9.4	Binding Effect of Decisions. Subject to Article 11 below, the decision or action of the Administrator with respect to any question arising out of or in connection
with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan. 

  

	9.5	Indemnity of Committee. All Employers shall indemnify and hold harmless the members of the Committee, and any Employee to whom the duties of the Committee may be
delegated, and the Administrator against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to this Plan, except in the case of willful misconduct by the Committee, any of its members,
any such Employee or the Administrator. 

  

	9.6	Employer Information. To enable the Committee and/or Administrator to perform its functions, the Company and each Employer shall supply full and timely information to
the Committee and/or Administrator, as the case may be, on all matters relating to the compensation of its Participants, the date and circumstances of the death or other Separation from Service of its Participants, and such other pertinent
information as the Committee or Administrator may reasonably require. 

 ARTICLE 10. 
 OTHER BENEFITS AND AGREEMENTS 
   The benefits provided for a Participant and Participant’s Beneficiary under the Plan are in addition to any other benefits available to such Participant under any other plan or program for employees of the
Participant’s Employer. The Plan shall supplement and shall not supersede, modify or amend any other such plan or program except as may otherwise be expressly provided. 
 ARTICLE 11. 
 CLAIMS PROCEDURES 
  

	11.1	Presentation of Claim. Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”) may
deliver to the Committee a written claim for a determination with respect to the amounts distributable to such Claimant from the Plan. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within
60 days after such notice was received by the Claimant. All other claims must be made within 180 days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination desired
by the Claimant. 

  

	11.2	Notification of Decision. The Committee shall consider a Claimant’s claim within a reasonable time, and shall notify the Claimant in writing:

  

	 	(a)	that the Claimant’s requested determination has been made, and that the claim has been allowed in full; or 

  

 -16- 

	 	(b)	that the Committee has reached a conclusion contrary, in whole or in part, to the Claimant’s requested determination, and such notice must set forth in a manner calculated to
be understood by the Claimant: 

  

	 	(i)	the specific reason(s) for the denial of the claim, or any part of it; 

  

	 	(ii)	specific reference(s) to pertinent provisions of the Plan upon which such denial was based; 

  

	 	(iii)	a description of any additional material or information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary; and

  

	 	(iv)	an explanation of the claim review procedure set forth in Section 11.3 below. 

  

	11.3	Review of a Denied Claim. Within 60 days after receiving a notice from the Committee that a claim has been denied, in whole or in part, a Claimant (or the
Claimant’s duly authorized representative) may file with the Committee a written request for a review of the denial of the claim. Thereafter, but not later than 30 days after the review procedure began, the Claimant (or the Claimant’s
duly authorized representative): 

  

	 	(a)	may review pertinent documents; 

  

	 	(b)	may submit written comments or other documents; and/or 

  

	 	(c)	may request a hearing, which the Committee, in its sole discretion, may grant. 

  

	11.4	Decision on Review. The Committee shall render its decision on review promptly, and not later than 60 days after the filing of a written request for review of the
denial, unless a hearing is held or other special circumstances require additional time, in which case the Committee’s decision must be rendered within 120 days after such date. Such decision must be written in a manner calculated to be
understood by the Claimant, and it must contain: 

  

	 	(a)	specific reasons for the decision; 

  

	 	(b)	specific reference(s) to the pertinent Plan provisions upon which the decision was based; and 

  

	 	(c)	such other matters as the Committee deems relevant. 

  

	11.5	Legal Action. A Claimant’s compliance with the foregoing provisions of this Article 11 is a mandatory prerequisite to a Claimant’s right to commence any
legal action with respect to any claim for benefits under this Plan. 

 ARTICLE 12. 
 TRUST 
  

	12.1	Establishment of the Trust. The Company shall establish the Trust, and each Employer shall at least annually transfer over to the Trust such assets as the Employer
determines, in its sole discretion, are necessary to provide, on a present value basis, for its respective future liabilities created with respect to the Annual Deferral Amounts and Annual Company Matching Amounts for such Employer’s
Participants for all periods prior to the transfer, as well as any debits and credits to the Participants’ Account Balances for all periods prior to the transfer, taking into consideration the value of the assets in the trust at the time of the
transfer. 

  

 -17- 

	12.2	Interrelationship of the Plan and the Trust. The provisions of the Plan and the Participant’s deferral elections and Distribution Election Form shall govern the
rights of a Participant to receive distributions pursuant to the Plan. The provisions of the Trust shall govern the rights of the Employers, Participants and the creditors of the Employers to the assets transferred to the Trust. Each Employer shall
at all times remain liable to carry out its obligations under the Plan. 

  

	12.3	Distributions From the Trust. Each Employer’s obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and
any such distribution shall reduce the Employer’s obligations under this Plan. 

 ARTICLE 13. 
 MISCELLANEOUS 
  

	13.1	Status of Plan. The Plan is intended to be a plan that is not qualified within the meaning of Code Section 401(a) and that “is unfunded and is maintained by
an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employee” within the meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1). The Plan shall be administered
and interpreted to the extent possible in a manner consistent with that intent. 

  

	13.2	Unsecured General Creditor. Participants and their Beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests or claims in any
property or assets of an Employer. For purposes of the payment of benefits under this Plan, any and all of an Employer’s assets shall be, and remain, the general, unpledged unrestricted assets of the Employer. An Employer’s obligation
under the Plan shall be merely that of an unfunded and unsecured promise to pay money in the future. 

  

	13.3	Employer’s Liability. An Employer’s liability for the payment of benefits shall be determined only by the Plan and the Participant’s deferral elections
and Distribution Election Form. An Employer shall have no obligation to a Participant under the Plan except as expressly provided in the Plan and his or her deferral elections and Distribution Election Form. 

  

	13.4	Nonassignability. Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise
encumber, transfer, hypothecate, alienate or convey in advance of actual receipt, the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are expressly declared to be, unassignable and non-transferable. No
part of the amounts payable shall, prior to actual payment, be subject to seizure, attachment, garnishment or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, be
transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency or be transferable to a spouse as a result of a property settlement or otherwise. 

  

	13.5	 Not a Contract of Employment. The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between any Employer
and the Participant. Such employment is hereby acknowledged to be an “at will” employment relationship that can be terminated at any time for any reason, or no reason, with or without cause, and with or without 

  

 -18- 

	 	 
notice, unless expressly provided in a written employment agreement. Nothing in this Plan shall be deemed to give a Participant the right to be retained in
the service of any Employer as an Employee or to interfere with the right of any Employer to discipline or discharge the Participant at any time. 

  

	13.6	Furnishing Information. A Participant or his or her Beneficiary will cooperate with the Committee by furnishing any and all information requested by the Committee and
take such other actions as may be requested in order to facilitate the administration of the Plan and the payments of benefits hereunder, including but not limited to taking such physical examinations as the Committee may deem necessary.

  

	13.7	Terms. Whenever any words are used herein in the masculine, they shall be construed as though they were in the feminine in all cases where they would so apply; and
whenever any words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases where they would so apply. 

  

	13.8	Captions. The captions of the articles, sections and paragraphs of this Plan are for convenience only and shall not control or affect the meaning or construction of
any of its provisions. 

  

	13.9	Governing Law. Subject to ERISA, the provisions of this Plan shall be construed and interpreted according to the internal laws of the State of Washington without
regard to its conflicts of laws principles. 

  

	13.10	Notice. Any notice or filing required or permitted to be given to the Committee under this Plan shall be sufficient if in writing and hand-delivered, or sent by
registered or certified mail, to the address below: 

  

	
	 BPAC
 c/o Vice President – Human
Resources

	Avista Corporation
	1411 East Mission
	Spokane, Washington 99220

  

	  	Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification.

  

	  	Any notice or filing required or permitted to be given to a Participant under this Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to the last known
address of the Participant. 

  

	13.11	Successors. The provisions of this Plan shall bind and inure to the benefit of the Participant’s Employer and its successors and assigns and the Participant and
the Participant’s designated Beneficiaries. 

  

	13.12	Spouse’s Interest. The interest in the benefits hereunder of a spouse of a Participant who has predeceased the Participant shall automatically pass to the
Participant and shall not be transferable by such spouse in any manner, including but not limited to such spouse’s will, nor shall such interest pass under the laws of intestate succession. 

  

 -19- 

	13.13	Validity. In case any provision of this Plan shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but
this Plan shall be construed and enforced as if such illegal or invalid provision had never been inserted herein. 

  

	13.14	Incompetent. If the Committee determines in its discretion that a benefit under this Plan is to be paid to a minor, a person declared incompetent or to a person
incapable of handling the disposition of that person’s property, the Committee may direct payment of such benefit to the guardian, legal representative or person having the care and custody of such minor, incompetent or incapable person. The
Committee may require proof of minority, incompetence, incapacity or guardianship, as it may deem appropriate prior to distribution of the benefit. Any payment of a benefit shall be a payment for the account of the Participant and the
Participant’s Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Plan for such payment amount. 

  

	13.15	Payment On Earlier Payment Date. Payment(s) under the Plan may be made or commenced earlier than the payment date specified in Articles 4 through 6, as applicable, in
order to fulfill a domestic relations order (as defined in Code Section 414(p)(1)(B)), to pay Federal Insurance Contributions Act (FICA) taxes imposed under Code Sections 3101, 3121(a) and 3121(v)(2), as applicable, to pay income tax at source
on wages imposed under Code Section 3401 (or the corresponding withholding provisions of applicable state, local or foreign tax laws) as a result of the payment of FICA taxes, to pay the additional income tax at source on wages attributable to
the pyramiding Code Section 3401 wages and taxes, or to pay an amount that is required to be included in income as a result of a failure of the Plan to comply with the requirements of Code Section 409A. 

  

 -20-

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