Document:

Exhibit

Exhibit 10.2

LEGACY WISCONSIN ENERGY CORPORATION
EXECUTIVE DEFERRED COMPENSATION PLAN 

Amended and Restated Effective as of January 1, 2018

TABLE OF CONTENTS

	
					
	 
	 
	 
	Page
	

	 
	 
	 
	 

	PURPOSE
	1
	

	 
	 
	 
	 

	ARTICLE 1 DEFINITIONS
	2
	

	 
	 
	 
	 

	 
	1.1
	"Account Balance"
	2
	

	 
	1.2
	"Annual or Long-Term Performance Award"
	2
	

	 
	1.3
	"Annual Company Contribution Amount"
	2
	

	 
	1.4
	"Annual Company Matching Amount"
	2
	

	 
	1.5
	"Annual Deferral Amount"
	2
	

	 
	1.6
	"Annual Installment Method"
	2
	

	 
	1.7
	"Annual Performance Share Amount"
	3
	

	 
	1.8
	"Annual Restricted Stock Amount"
	3
	

	 
	1.9
	"Annual Stock Option Amount"
	3
	

	 
	1.10
	"Base Annual Salary"
	3
	

	 
	1.11
	"Beneficiary"
	4
	

	 
	1.12
	"Beneficiary Designation Form"
	4
	

	 
	1.13
	"Board"
	4
	

	 
	1.14
	"Change in Control"
	4
	

	 
	1.15
	"Chief Executive Officer"
	5
	

	 
	1.16
	"Claimant"
	5
	

	 
	1.17
	"Code"
	5
	

	 
	1.18
	"Committee"
	5
	

	 
	1.19
	"Company"
	6
	

	 
	1.20
	"Company Contribution Account"
	6
	

	 
	1.21
	"Company Matching Account"
	6
	

	 
	1.22
	"Deduction Limitation"
	6
	

	 
	1.23
	"Deferral Account"
	6
	

	 
	1.24
	"Disability"
	6
	

	 
	1.25
	"Disability Benefit"
	7
	

	 
	1.26
	"Dividend Deferral Account"
	7
	

	 
	1.27
	"Election Form"
	7
	

	 
	1.28
	"Eligible Stock Option"
	7
	

	 
	1.29
	"Employee"
	7
	

	 
	1.30
	"Employer(s)"
	7
	

	 
	1.31
	"ERISA"
	7
	

	 
	1.32
	"In Service Payout"
	7
	

	 
	1.33
	"Inactive Participant"
	7
	

	 
	1.34
	"401(k) Plan"
	7
	

	 
	1.35
	"Measurement Funds"
	7
	

	 
	1.36
	"Participant"
	7
	

	 
	1.37
	"Performance Shares"
	8
	

	 
	1.38
	"Performance Share Account"
	8
	

	 
	1.39
	"Performance Share Amount"
	8
	

	 
	1.40
	"Plan"
	8
	

	 
	1.41
	"Plan Year"
	8
	

i

	
					
	 
	1.42
	"Pre-Retirement Survivor Benefit"
	8
	

	 
	1.43
	"Qualifying Gain"
	8
	

	 
	1.44
	"Restricted Stock"
	8
	

	 
	1.45
	"Restricted Stock Account"
	9
	

	 
	1.46
	"Restricted Stock Amount"
	9
	

	 
	1.47
	"Retirement", "Retire(s)" or "Retired"
	9
	

	 
	1.48
	"Retirement Benefit"
	9
	

	 
	1.49
	"Rollover Account"
	9
	

	 
	1.50
	"Rollover Amount"
	9
	

	 
	1.51
	"Severance Payments"
	9
	

	 
	1.52
	"SERP Payments"
	9
	

	 
	1.53
	"Stock"
	9
	

	 
	1.54
	"Stock Option Account"
	9
	

	 
	1.55
	"Stock Option Amount"
	10
	

	 
	1.56
	"Termination Benefit"
	10
	

	 
	1.57
	"Termination of Employment"
	10
	

	 
	1.58
	"Trust"
	10
	

	 
	1.59
	"Unforeseeable Financial Emergency"
	10
	

	 
	 
	 
	 

	ARTICLE 2 SELECTION, ENROLLMENT, ELIGIBILITY
	10
	

	 
	 
	 
	 

	 
	2.1
	Selection by Committee
	10
	

	 
	2.2
	Enrollment Requirements
	10
	

	 
	2.3
	Eligibility; Commencement of Participation
	11
	

	 
	2.4
	Termination of Participation and/or Deferrals
	11
	

	 
	 
	 
	 

	ARTICLE 3 DEFERRAL COMMITMENTS/COMPANY MATCHING/CREDITING/TAXES
	11
	

	 
	 
	 
	 

	 
	3.1
	Maximum Deferral
	11
	

	 
	3.2
	Election to Defer; Effect of Election Form
	12
	

	 
	3.3
	Withholding of Annual Deferral Amounts
	14
	

	 
	3.4
	Annual Company Contribution Amount
	14
	

	 
	3.5
	Annual Company Matching Amount
	15
	

	 
	3.6
	Stock Option Amount
	16
	

	 
	3.7
	Restricted Stock Amount
	16
	

	 
	3.8
	Performance Share Amount
	16
	

	 
	3.9
	Deferred Dividend Equivalents
	16
	

	 
	3.10
	Rollover Amount
	16
	

	 
	3.11
	Investment of Trust Assets
	17
	

	 
	3.12
	Sources of Stock
	17
	

	 
	3.13
	Vesting
	17
	

	 
	3.14
	Crediting/Debiting of Account Balances
	18
	

	 
	3.15
	FICA and Other Taxes
	21
	

	 
	3.16
	Distributions
	22
	

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

ii

	
					
	ARTICLE 4 IN SERVICE PAYOUT; UNFORESEEABLE FINANCIAL EMERGENCIES; WITHDRAWAL ELECTION
	22
	

	 
	 
	 
	 

	 
	4.1
	In Service Payout
	22
	

	 
	4.2
	Other Benefits Take Precedence Over In Service
	23
	

	 
	4.3
	Withdrawal Payout/Suspensions for Unforeseeable Financial Emergencies
	23
	

	 
	4.4
	Withdrawal Election
	23
	

	 
	 
	 
	 

	ARTICLE 5 RETIREMENT BENEFIT
	24
	

	 
	 
	 
	 

	 
	5.1
	Retirement Benefit
	24
	

	 
	5.2
	Payment of Retirement Benefit
	24
	

	 
	5.3
	Death Prior to Completion of Retirement Benefit
	24
	

	 
	5.4
	Special "Make Whole" Benefit
	24
	

	 
	 
	 
	 

	ARTICLE 6 PRE-RETIREMENT SURVIVOR BENEFIT
	26
	

	 
	 
	 
	 

	 
	6.1
	Pre-Retirement Survivor Benefit
	26
	

	 
	6.2
	Payment of Pre-Retirement Survivor Benefit
	26
	

	 
	 
	 
	 

	ARTICLE 7 TERMINATION BENEFIT
	27
	

	 
	 
	 
	 

	 
	7.1
	Termination of Benefit
	27
	

	 
	7.2
	Payment of Termination Benefit
	27
	

	 
	 
	 
	 

	ARTICLE 8 DISABILITY WAIVER AND BENEFIT
	27
	

	 
	 
	 
	 

	 
	8.1
	Disability Waiver
	27
	

	 
	8.2
	Continued Eligibility; Disability Benefit
	28
	

	 
	 
	 
	 

	ARTICLE 9 BENEFICIARY DESIGNATION
	28
	

	 
	 
	 
	 

	 
	9.1
	Beneficiary
	28
	

	 
	9.2
	Beneficiary Designation; Change
	28
	

	 
	9.3
	Acknowledgment
	29
	

	 
	9.4
	No Beneficiary Designation
	29
	

	 
	9.5
	Doubt as to Beneficiary
	29
	

	 
	9.6
	Discharge of Obligations
	29
	

	 
	 
	 
	 

	ARTICLE 10 LEAVE OF ABSENCE
	29
	

	 
	 
	 
	 

	 
	10.1
	Paid Leave of Absence
	29
	

	 
	10.2
	Unpaid Leave of Absence
	29
	

	 
	 
	 
	 

	ARTICLE 11 TERMINATION, AMENDMENT OR MODIFICATION
	29
	

	 
	 
	 
	 

	 
	11.1
	Termination
	29
	

	 
	11.2
	Amendment
	30
	

	 
	11.3
	Effect of Payment
	31
	

iii

	
					
	ARTICLE 12 ADMINISTRATION
	31
	

	 
	 
	 
	 

	 
	12.1
	Committee Duties
	31
	

	 
	12.2
	Administration Upon Change In Control
	32
	

	 
	12.3
	Agents
	32
	

	 
	12.4
	Binding Effect of Decisions
	32
	

	 
	12.5
	Indemnity of Committee
	32
	

	 
	12.6
	Employer Information
	32
	

	 
	12.7
	Coordination with Other Benefits
	33
	

	 
	 
	 
	 

	ARTICLE 13 CLAIMS PROCEDURES
	33
	

	 
	 
	 
	 

	 
	13.1
	Presentation of Claim
	33
	

	 
	13.2
	Decision on Initial Claim
	33
	

	 
	13.3
	Right to Review
	34
	

	 
	13.4
	Decision on Review
	34
	

	 
	13.5
	Form of Notice and Decision
	35
	

	 
	13.6
	Legal Action
	35
	

	 
	 
	 
	 

	ARTICLE 14 TRUST
	35
	

	 
	 
	 
	 

	 
	14.1
	Establishment of the Trust
	35
	

	 
	14.2
	Interrelationship of the Plan and the Trust
	35
	

	 
	14.3
	Distributions From the Trust
	35
	

	 
	 
	 
	 

	ARTICLE 15 MISCELLANEOUS
	35
	

	 
	 
	 
	 

	 
	15.1
	Status of Plan
	35
	

	 
	15.2
	Unsecured General Creditor
	36
	

	 
	15.3
	Employer's Liability
	36
	

	 
	15.4
	Nonassignability
	36
	

	 
	15.5
	Not a Contract of Employment
	36
	

	 
	15.6
	Furnishing Information
	36
	

	 
	15.7
	Terms
	36
	

	 
	15.8
	Captions
	37
	

	 
	15.9
	Governing Law
	37
	

	 
	15.10
	Notice
	37
	

	 
	15.11
	Successors
	37
	

	 
	15.12
	Validity
	37
	

	 
	15.13
	Incompetent
	37
	

	 
	15.14
	Court Order
	37
	

	 
	15.15
	Distribution in the Event of Taxation
	38
	

	 
	15.16
	Insurance
	38
	

	 
	15.17
	Legal Fees To Enforce Rights After Change in Control
	38
	

	 
	15.18
	Payout Under Special Circumstances
	39
	

iv

LEGACY WISCONSIN ENERGY CORPORATION 
 
EXECUTIVE DEFERRED COMPENSATION PLAN
PURPOSE
The purpose of this Plan is to provide specified benefits to a select group of management and highly compensated Employees who contributed materially to the continued growth, development and business success of Wisconsin Energy Corporation, the predecessor of WEC Energy Group, Inc., and its former subsidiaries, if any, that sponsored this Plan.  This Plan shall be unfunded for tax purposes and for purposes of Title I of ERISA.  The Plan was amended and restated effective as of July 23, 2004 (except as otherwise specifically provided, including amendments approved for equity‐based deferrals or Company stock investments credited on or after November 2, 2005). 
Except as provided in the next sentence, any amounts that are earned, deferred and vested under the Plan as of December 31, 2004 are "grandfathered" (within the meaning of, and as determined in accordance with Code section 409A and the Treasury Regulations thereunder). Grandfathered pension make-whole benefits provided under section 5.4 are those benefits derived from compensation paid and credited to the Plan before January 1, 2005, provided such benefits were vested as of December 31, 2004.  Therefore, such grandfathered amounts are not subject to Code section 409A and shall continue to be governed by the terms set forth herein. Effective as of January 1, 2005, the Company renamed the Plan the Legacy Wisconsin Energy Corporation Executive Deferred Compensation Plan.  The Company also established the WEC Energy Group Executive Deferred Compensation Plan (previously, the Wisconsin Energy Corporation Executive Deferred Compensation Plan) (the "EDCP") as a new nonqualified deferred compensation plan and as a replacement plan for the portion of the Plan that maintained account balances during the Code section 409A transition period from January 1, 2005 through December 31, 2008 and that are subject to provisions of Code section 409A.  As a result, no new employees shall participate in the Plan effective as of January 1, 2005, but shall begin participation in the EDCP if otherwise eligible pursuant to the terms of the EDCP. 
The Plan was restated effective as of January 1, 2015, to reference any rabbi trust established by the Company and make other minor changes to administrative provisions which do not constitute material modifications to the Plan under Code section 409A.  Effective as of January 1, 2016, the Plan was again restated to reflect the change in the name of the Company, to update information on Measurement Funds, to modify administrative provisions when no valid beneficiary designation exists and to update the claims procedures.  Effective as of January 1, 2018, the Plan was restated to modify the definition of disability and related provisions to rely on the disability determination made under the Company's long-term disability plan.  These changes do not constitute material modifications to the Plan under Code section 409A and are not intended to be material modifications for purposes of Code Section 162(m) as described in Internal Revenue Service Notice 2018-68.

1

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, (ii) the vested Company Contribution Account balance, (iii) the Company Matching Account balance, (iv) the Stock Option Account balance, (v) the Restricted Stock Account balance, (vi) Performance Share Account balance, (vii) the Dividend Deferral Account balance and (viii) the Rollover 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 or Long‐Term Performance Award" 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 Form W‐2 for such calendar year, payable to a Participant as an Employee under any Employer's annual performance award and cash incentive plans, including any long‐term incentive plans as may be in existence from time to time, but excluding Severance Payments, SERP Payments and any stock options, restricted stock, performance shares, dividends and dividend equivalents provided under a plan or arrangement of any Employer.

		
	1.3
	"Annual Company Contribution Amount" shall mean, for any one Plan Year, the amount determined in accordance with section 3.4.

		
	1.4
	"Annual Company Matching Amount" for any one Plan Year shall be the amount determined in accordance with section 3.5.

		
	1.5
	"Annual Deferral Amount" shall mean that portion of a Participant's Base Annual Salary, Annual or Long‐Term Performance Award, Severance Payments and/or SERP Payments that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year.  Except with respect to Severance Payments and SERP Payments, in the event of a Participant's Retirement, Disability (if deferrals cease in accordance with section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

		
	1.6
	"Annual Installment Method" shall be an annual installment payment over the number of years selected by the Participant, not to exceed 20, in accordance with this Plan, as set forth below.  In each case for purposes of determining the amount of the installment payment to be made, the Account Balance of the Participant shall be valued as of the close of business on the last business day of the year preceding the year for which the payment is to be made.  Each annual installment, regardless of the method selected, shall be payable within 60 days after February 1st of each year.  The alternative methods allowable are as follows:

2

		
	(a)
	Fractional Method.  The annual installment shall be calculated by multiplying this balance by a fraction, the numerator of which is one, and the denominator of which is the remaining number of annual payments due the Participant.  By way of example, if the Participant elects a 10 year Annual Installment Method, the first payment shall be 1/10 of the Account Balance, calculated as described in this definition.  The following year, the payment shall be 1/9 of the Account Balance, calculated as described in this definition.

		
	(b)
	Percentage or Fixed Dollar Method.  The annual installment shall be calculated by multiplying this balance in the case of the percentage method, by the percentage selected by the Participant and paying out the resulting amount, or in the case of the fixed dollar method, by paying out the fixed dollar amount selected by the Participant, for the number of years selected by the Participant.  However, in the event the dollar amount selected is greater than the Account Balance in any given year, the entire Account Balance will be distributed.  Further, regardless of the method selected by the Participant, the final installment payment will include 100% of the then remaining Account Balance.

		
	(c)
	Special Installment Method.  Under this alternative method, the Participant selects both the number of years and a specified interest rate, which is then used to calculate a level fixed dollar amount of annual payouts which would exhaust the Account Balance over such number of years, if actual performance of the elected Measurement Funds were identical to the specified interest rate.  However, in recognition of the fact that such exact conformity is unlikely, in the event the calculated level fixed dollar amount is greater than the Account Balance in any given year, the entire Account Balance will be distributed.  Further, the final installment payment will include 100% of the then remaining Account Balance.

		
	1.7
	"Annual Performance Share Amount" shall mean, with respect to a Participant for any one Plan Year, that portion of the Performance Share Amount attributable to Performance Shares which would otherwise vest during that year under a plan or arrangement of any Employer, but which is instead deferred in accordance with section 3.1(d) of this Plan.

		
	1.8
	"Annual Restricted Stock Amount" shall mean, with respect to a Participant for any one Plan Year, that portion of the Restricted Stock Amount attributable to Restricted Stock which would otherwise vest during that year and which is deferred in accordance with section 3.1(c) of this Plan.

		
	1.9
	"Annual Stock Option Amount" shall mean, with respect to a Participant for any one Plan Year, that portion of the Stock Option Amount which is attributable to Eligible Stock Option exercise during that year and which is deferred in accordance with section 3.1(b) of this Plan.

		
	1.10
	"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 Form W‐2 for such calendar year, excluding Severance Payments, SERP Payments, performance awards, bonuses, commissions, overtime, fringe benefits,

3

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), stock options, restricted stock, performance shares, dividends and dividend equivalents provided under a plan or arrangement of any Employer.  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.
		
	1.11
	"Beneficiary" shall mean one or more persons, trusts, estates or other entities, designated in accordance with Article 9, that are entitled to receive benefits under this Plan upon the death of a Participant.

		
	1.12
	"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.

		
	1.13
	"Board" shall mean the board of directors of the Company.

		
	1.14
	"Change in Control" with respect to the Company shall mean the occurrence of any one of the events set forth below:

		
	(a)
	any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its affiliates) representing 20% or more of the combined voting power of the Company's then outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (i) of paragraph (c) below; or

		
	(b)
	the following individuals cease for any reason to constitute a majority of the number of directors then serving individuals who, on the date hereof, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company's shareholders was approved or recommended by a vote of at least two‐thirds (2/3) of the directors then still in office who either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved or recommended; or

		
	(c)
	there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation, other than (i) a 

4

merger or consolidation immediately following which the directors of the Company immediately prior to such merger or consolidation continue to constitute at least a majority of the board of directors of the Company, the surviving entity or any parent thereof or (ii) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its affiliates) representing 20% or more of the combined voting power of the Company's then outstanding securities; or
		
	(d)
	the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement (or series of related agreements) for the sale or disposition by the Company of all or substantially all of the Company's assets, disregarding any sale or disposition to a company at least a majority of the directors of which were directors of the Company immediately prior to such sale or disposition; or

		
	(e)
	the Board of Directors of the Company determines in its sole and absolute discretion that there has been a Change in Control of the Company.

For purposes of this Change in Control definition, the terms set forth below shall have the following meanings:
"Beneficial Owner" shall have the meaning set forth in Rule 13d‐3 under the Exchange Act.
"Exchange Act" shall mean the Securities Exchange Act of 1934, as amended from time to time.
"Person" shall have the meaning given in section 3(a)(9) of the Exchange Act, as modified and used in sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its affiliates, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of the stock of the Company.
		
	1.15
	"Chief Executive Officer" shall mean the Chief Executive Officer of the Company.

		
	1.16
	"Claimant" shall have the meaning set forth in section 13.1.

		
	1.17
	"Code" shall mean the Internal Revenue Code of 1986, as it may be amended from time to time.

		
	1.18
	"Committee" shall mean an internal administrative committee appointed by the Chief Executive Officer to administer the Plan in accordance with Article 12.

5

		
	1.19
	"Company" shall mean WEC Energy Group, Inc., a Wisconsin corporation, and any successor to all or substantially all of the Company's assets or business.  Prior to June 29, 2015, the Company was known as Wisconsin Energy Corporation.

		
	1.20
	"Company Contribution Account" shall mean (i) the sum of the Participant's Annual Company Contribution Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Contribution 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 Contribution Account.

		
	1.21
	"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.

		
	1.22
	"Deduction Limitation" shall mean the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan.  Except as otherwise provided, this limitation shall be applied to all distributions that are "subject to the Deduction Limitation" under this Plan.  If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan.  Any amounts deferred pursuant to this limitation shall continue to be credited/debited with additional amounts in accordance with section 3.13 below, even if such amount is being paid out in installments.  The amounts so deferred and amounts credited thereon shall be distributed to the Participant or his or her Beneficiary (in the event of the Participant's death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by section 162(m), or if earlier, the effective date of a Change in Control.  Notwithstanding anything to the contrary in this Plan, the Deduction Limitation shall not apply to any distributions made after a Change in Control.

		
	1.23
	"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.

		
	1.24
	"Disability" shall mean a Participant is receiving disability benefits under a long-term disability plan sponsored or maintained by the Company or an affiliate. 

6

		
	1.25
	"Disability Benefit" shall mean the benefit set forth in Article 8. 

		
	1.26
	"Dividend Deferral Account" shall mean (i) the sum of the Participant's deferrals made pursuant to section 3.1(e) plus (ii) amounts credited/debited in accordance with all the applicable crediting/debiting provisions of this Plan that relate to the Participant's Dividend Deferral Account, less (iii) all distributions made to the Participant or his or her beneficiary pursuant to this Plan that relate to the Participant's Dividend Deferral Account.

		
	1.27
	"Election Form" shall mean the form established from time to time by the Committee that a Participant completes and submits in accordance with procedures established by the Committee to make an election under the Plan.  To the extent authorized by the Committee, such form may be electronic or set forth in some other media or format.

		
	1.28
	"Eligible Stock Option" shall mean one or more non‐qualified stock option(s) selected by the Committee in its sole discretion and exercisable under a plan or arrangement of any Employer permitting a Participant under this Plan to defer gain with respect to such option.

		
	1.29
	"Employee" shall mean a person who is an employee of any Employer.

		
	1.30
	"Employer(s)" shall mean the Company and/or any of its subsidiaries that have been selected by the Board to participate in the Plan and have adopted the Plan as a sponsor.

		
	1.31
	"ERISA" shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time.

		
	1.32
	"In Service Payout" shall mean the payout set forth in section 4.1.

		
	1.33
	"Inactive Participant" shall mean an individual who at one point was a Participant in the Plan or a predecessor non‐qualified deferred compensation plan and has an undistributed Account Balance, but is no longer eligible to make deferral elections under the Plan by reason of such individual's removal under section 2.4 hereof or otherwise.

		
	1.34
	"401(k) Plan" shall refer to all tax‐qualified profit sharing plans maintained by an Employer that incorporate provisions for elective deferral contributions by participating employees in accordance with section 401(k) of the Code.

		
	1.35
	"Measurement Funds" shall mean the hypothetical investment funds available under the Plan, as provided in section 3.14, to determine the earnings and losses credited to a Participant's Account Balance.

		
	1.36
	"Participant" shall mean any Employee or Retired Employee of any Employer (i) who is selected to participate in the Plan and who has not been removed, and (ii) who commences participation in the Plan.  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.

7

		
	1.37
	"Performance Shares" shall mean unvested performance shares with respect to Stock selected by the Committee in its sole discretion and awarded to the Participant under a plan or arrangement of any Employer.

		
	1.38
	"Performance Share Account" shall mean (i) the sum of the Participant's Annual Performance Share Amounts, plus (ii) amounts credited/debited in accordance with all the applicable crediting/debiting provisions of this Plan that relate to the Participant's Performance Share Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Performance Share Account.

		
	1.39
	"Performance Share Amount" shall mean, for any grant of Performance Shares, an amount equal to the value of Stock which would have been distributed to the Participant upon vesting of such Performance Shares, calculated using the average of the reported high and low prices for the Stock as of the day such Performance Shares would otherwise vest (if a business day) or as of the next following business day. Effective for Performance Shares deferred on or after November 2, 2005, such value shall be calculated using the closing price for the Stock as of the day such Performance Shares would otherwise vest (if a business day) or as of the next following business day.  

		
	1.40
	"Plan" shall mean the Legacy Wisconsin Energy Corporation Executive Deferred Compensation Plan.  Prior to January 1, 2005, the Plan was known as the Wisconsin Energy Corporation Executive Deferred Compensation Plan.

		
	1.41
	"Plan Year" shall mean a period beginning on January 1 of each calendar year and continuing through December 31 of such calendar year.

		
	1.42
	"Pre‐Retirement Survivor Benefit" shall mean the benefit set forth in Article 6.

		
	1.43
	"Qualifying Gain" shall mean the value accrued upon exercise of an Eligible Stock Option (i) using a Stock‐for‐Stock payment method and (ii) having an aggregate fair market value in excess of the total Stock purchase price necessary to exercise the option.  In other words, the Qualifying Gain upon exercise of an Eligible Stock Option equals the total market value of the shares (or share equivalent units) acquired minus the total stock purchase price.  For example, assume a Participant elects to defer the Qualifying Gain accrued upon exercise of an Eligible Stock Option to purchase 1000 shares of Stock at an exercise price of $20 per share, when Stock has a current fair market value of $25 per share.  Using the Stock‐for‐Stock payment method, the Participant would deliver 800 shares of Stock (worth $20,000) to exercise the Eligible Stock Option and receive, in return, 800 shares of Stock plus a Qualifying Gain (in this case, in the form of an unfunded and unsecured promise to pay money or property in the future) equal to $5,000 (i.e., the current value of the remaining 200 shares of Stock).

		
	1.44
	"Restricted Stock" shall mean unvested shares of Stock which is restricted stock selected by the Committee in its sole discretion and awarded to the Participant under any stock incentive plan or arrangement of any Employer.

8

		
	1.45
	"Restricted Stock Account" shall mean (i) the sum of the Participant's Annual Restricted Stock Amounts, plus (ii) amounts credited/debited in accordance with all the applicable crediting/debiting provisions of this Plan that relate to the Participant's Restricted Stock Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Restricted Stock Account.

		
	1.46
	"Restricted Stock Amount" shall mean, for any grant of Restricted Stock, an amount equal to the value of such Restricted Stock, calculated using the average of the reported high and low prices for the Stock as of the day such Restricted Stock would otherwise vest (if a business day) or as of the next following business day. Effective for Restricted Stock deferred on or after November 2, 2005, such value shall be calculated using the closing price for the Stock as of the day such Restricted Stock would otherwise vest (if a business day) or as of the next following business day. 

		
	1.47
	"Retirement", "Retire(s)" or "Retired" shall mean, with respect to an Employee, severance from employment from all Employers for any reason other than a leave of absence, death or Disability on or after the attainment of age fifty‐five (55).

		
	1.48
	"Retirement Benefit" shall mean the benefit set forth in Article 5.

		
	1.49
	"Rollover Account" shall mean a Participant's Rollover Amount, plus amounts credited/debited in accordance with all the applicable crediting/debiting provisions of this Plan that relate to the Participant's Rollover Account, less all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Rollover Account

		
	1.50
	"Rollover Amount" shall mean the amount determined in accordance with section 3.8.

		
	1.51
	"Severance Payments" shall mean any post‐termination amounts due a Participant in any calendar year under the Company's Special Executive Severance Policy or Executive Severance Policy or under any change in control contract between the Company and an Employee, on account of his or her Termination of Employment, whether or not paid in such calendar year or included on the Form W‐2 for such calendar year.

		
	1.52
	"SERP Payments" shall mean any distributions due a Participant in any calendar year resulting from his or her participation in the Legacy Wisconsin Energy Corporation Supplemental Executive Retirement Plan (prior to January 1, 2005, the Wisconsin Energy Corporation Supplemental Executive Retirement Plan), whether or not paid in such calendar year or included on the Form W‐2 for such calendar year.

		
	1.53
	"Stock" shall mean WEC Energy Group, Inc. common stock.  Prior to June 29, 2015, "Stock" means Wisconsin Energy Corporation common stock.

		
	1.54
	"Stock Option Account" shall mean the sum of (i) the Participant's Annual Stock Option Amounts, plus (ii) amounts credited/debited in accordance with all the applicable crediting/debiting provisions of this Plan that relate to the Participant's Stock Option Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Stock Option Account.

9

		
	1.55
	"Stock Option Amount" shall mean, for any Eligible Stock Option, the amount of Qualifying Gains, calculated using the average of the reported high and low prices for the Stock as of the day of exercise (if a business day) or as of the next following business day. Effective for Eligible Stock Option deferrals on or after November 2, 2005, such value shall be calculated using the closing price for the Stock as of the day of exercise (if a business day) or as of the next following business day. 

		
	1.56
	"Termination Benefit" shall mean the benefit set forth in Article 7.

		
	1.57
	"Termination of Employment" shall mean the severing of employment with all Employers, voluntarily or involuntarily, for any reason other than Retirement, Disability, death or an authorized leave of absence.  However, if an Employee leaves employment with all Employers in connection with such Employee's immediate transfer to and acceptance of employment with another employer which is providing services essential to the utilities business conducted by the Company or an Employer, then such Employee will not be considered to have incurred a Termination of Employment.  Instead, such Employee will be deemed to be continuing in the employ of an Employer for purposes of the Plan for so long as such Employee remains in the employ of such other employer and such employer continues to provide such services.

		
	1.58
	"Trust" shall mean any fund created by a rabbi trust agreement established by the Company, and as amended from time to time.

		
	1.59
	"Unforeseeable Financial Emergency" shall mean an unanticipated emergency that is caused by an event beyond the control of the Participant that would result in severe financial hardship to the Participant resulting from (i) a sudden and unexpected illness or accident of the Participant or a dependent of the Participant, (ii) a loss of the Participant's property due to casualty, or (iii) such other extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, all as determined in the sole discretion of the Committee.

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.  From that group, the Committee shall select Employees to participate in the Plan.  The Committee may determine to limit a Participant's eligibility under the Plan to certain portions of the Plan as, for example, to permit a Participant to be eligible under the Plan for the purpose of deferring only Performance Share dividend equivalents pursuant to section 3.1(e) and for no other purpose.  Notwithstanding anything in the Plan to the contrary, effective as of January 1, 2005, no new employees shall be eligible to participate in the Plan.  

		
	2.2
	Enrollment Requirements.  As a condition to participation, each selected Employee shall complete, timely submit an Election Form in accordance with procedures established by the Committee, and any other relevant forms within such time periods as

10

the Committee may prescribe.  In addition, the Committee shall establish from time to time such other enrollment requirements as it determines in its sole discretion are necessary.
		
	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.

		
	2.4
	Termination of Participation and/or Deferrals.  If the Committee determines in good faith that a Participant no longer qualifies as a member of a select group of management or highly compensated employees, as membership in such group is determined in accordance with sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, the Committee shall have the right, in its sole discretion, to take any or all of the following actions:  (i) terminate any deferral election the Participant has made for the remainder of the Plan Year in which the Participant's membership status changes, (ii) prevent the Participant from making future deferral elections and/or (iii) immediately distribute the Participant's then Account Balance as a Termination Benefit and terminate the Participant's participation in the Plan.  The Committee may also remove a Participant from continuing participation in the Plan at any time in its sole discretion and such individual shall become an Inactive Participant to the extent he or she still has an undistributed Account Balance.

ARTICLE 3 
DEFERRAL COMMITMENTS/COMPANY MATCHING/CREDITING/TAXES
		
	3.1
	Maximum Deferral.

		
	(a)
	Base Annual Salary, Annual or Long‐Term Performance Award, Severance Payments SERP Payments and/or Make Whole Pension Supplements.  For each Plan Year, a Participant may elect to defer, as his or her Annual Deferral Amount, Base Annual Salary, Annual or Long‐Term Performance Award, Severance Payments, SERP Payments and/or Make Whole Pension Supplements (as referenced in section 5.4(d)) up to the following maximum percentages for each deferral elected:

	
		
	Deferral
	Maximum Percentage

	Base Annual Salary
	100%

	Annual or Long‐Term Performance Award
	100%

	Severance Payments
	100%

	SERP Payments
	100%

	Make Whole Pension Supplements
	100%

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Notwithstanding the foregoing, the Participant may change his or her election with respect to the Base Annual Salary portion of the Annual Deferral Amount on a monthly basis, by timely delivering to the Committee in accordance with its rules and procedures, before the end of the month preceding the month for which the election will be effective, a new Election Form for such purpose.  Notwithstanding any other provision of this Plan, any Election form or revocation will be given prospective effect only and may not affect prior deferrals.
		
	(b)
	For each Eligible Stock Option, a Participant may elect to defer up to 100% of his or her Stock Option Amount.

		
	(c)
	For any grant of Restricted Stock, a Participant may elect to defer up to 100% of his or her Restricted Stock Amount.

		
	(d)
	For any grant of Performance Shares, a Participant may elect to defer up to 100% of his or her Performance Share Amount.

		
	(e)
	A Participant may elect to defer up to 100% of the dividend equivalents on any unvested Performance Shares under a plan or arrangement of any Employer.

		
	(f)
	Deferral of Stock Option Amounts, Restricted Stock Amounts, Performance Share Amounts and dividend equivalents on Performance Shares may also be limited by other terms or conditions as set forth in the plan or agreement under which such items may be granted.

		
	3.2
	Election to Defer; Effect of Election Form.

		
	(a)
	Base Annual Salary.  A Participant's Election Form with respect to Base Annual Salary shall be filed with the Committee in accordance with its rules, but in no event later than the end of the month preceding the month for which the election will be effective.  As noted above in section 3.1(a), a Participant may subsequently change or revoke his or her election with respect to Base Annual Salary, but only with prospective effect only, to take effect as of the first day of the month immediately following receipt of the new Election Form by the Committee.  Therefore, any Election Form shall be irrevocable with respect to the portion of Base Annual Salary deferral during the period of time covered by such Form.

		
	(b)
	Annual or Long‐Term Performance Award.  A Participant's Election Form with respect to Annual Performance Award shall be filed with the Committee in accordance with its rules, but in no event later than November 30 of any calendar year with respect to all or any part of an Annual Performance Award that might otherwise become payable on account of a Participant's services during such calendar year and in all events prior to the time that the Participant has earned an absolute and unconditional right to payment.  Any such Election Form which is on file with the Committee on November 30 of a calendar year shall become irrevocable as of such date.  When and as a Long‐Term Performance Award

12

program is put into place, the Committee will establish rules for a Participant's Election Form similar to the above, and providing that such Election Form must be filed in all events prior to the time that the Participant has earned an absolute and unconditional right to payment and that such Election Form may not be revoked by the Participant once the filing deadline date has passed.
		
	(c)
	Severance Payments.  A Participant's Election Form with respect to Severance Payments shall be filed with the Committee in accordance with its rules and the rules for a prior deferral election set forth in the documents or contracts providing for Severance Payments.

		
	(d)
	SERP Payments.  A Participant's Election Form with respect to SERP Payments shall be filed with the Committee in accordance with its rules and any rules for a prior deferral election set forth in the SERP.  However, notwithstanding any contrary provisions in the SERP, a Participant who is a participant in the SERP shall be allowed to both elect that a lump‐sum method of payment be made to such Participant at the time when payments are to commence under the terms of the SERP (the "SERP Starting Date") for the SERP "A" or "B" benefits or that such a lump sum be determined and then credited to such Participant's Account Balance under this Plan as of the SERP Starting Date with such Participant to be treated as having then "Retired" for purpose of this Plan (so that the Participant's election for a method of payout under Article 5 shall govern), provided that such an Election Form filed by the Participant with regard to the SERP is submitted to the Committee at least one year prior to the SERP Starting Date. Notwithstanding any other provision of this Plan to the contrary and notwithstanding any Election Form executed by any Participant at any time to the contrary, no SERP Payments which would have been made on or after April 1, 2004, in the absence of deferral shall be deferred to the Plan.

		
	(e)
	Make Whole Pension Supplements.  Section 5.4(d) provides the rules applicable to Election Forms regarding Make Whole Pension Supplements.

		
	(f)
	Stock Option Deferral.  For an election to defer Stock Option Amounts to be valid:  (i) a separate irrevocable Election Form must be completed and signed by the Participant with respect to the Eligible Stock Option; (ii) the Election Form must be timely delivered to the Committee and accepted by the Committee at least six months prior to the date the Participant elects to exercise the Eligible Stock Option; (iii) the Election Form shall be irrevocable from and after the date which is six months prior to the date the Participant elects to exercise the Eligible Stock Option; and (iv) the Eligible Stock Option must be exercised using the Stock‐for‐Stock payment method (directly or by attestation).

		
	(g)
	Restricted Stock.  For an election to defer Restricted Stock Amounts to be valid:  (i) a separate irrevocable Election Form must be completed and signed by the Participant, with respect to the Restricted Stock to which such amounts relate; and (ii) such Election Form must be timely delivered to the Committee and accepted by the Committee at least six months prior to the date such Restricted Stock vests

13

under the terms of the plan or arrangement pursuant to which it was granted; and (iii) the Election Form shall be irrevocable from and after the date which is six months prior to the date such Restricted Stock vests under the terms of the plan or arrangement pursuant to which it was granted.
		
	(h)
	Performance Shares.  For an election to defer Performance Share Amounts to be valid:  (i) a separate irrevocable Election Form must be completed and signed by the Participant, with respect to the Performance Shares to which such amounts relate; and (ii) such Election Form must be timely delivered to the Committee and accepted by the Committee at least six months prior to the date such Performance Shares vest under the terms of the plan or arrangement pursuant to which they were issued; and (iii) the Election Form shall be irrevocable from and after the date which is six months prior to the date such Performance Shares vest under the terms of the plan or arrangement pursuant to which they were issued. 

		
	(i)
	Performance Share Dividend Equivalents.  A Participant's election form with respect to deferral of dividend equivalents with respect to Performance Shares shall be filed with the Committee in accordance with its rules, but in no event later than the day preceding the date for which the election will be effective.  A Participant may subsequently change or revoke his or her election with respect to deferral of dividend equivalents with respect to Performance Shares, but only with prospective effect, to take effect as of the day following receipt of the new election form by the Committee.  Therefore, any election form shall be irrevocable with respect to dividend equivalents relating to dividends declared during the period of time covered by an election form.

		
	3.3
	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 or Long‐Term Performance Award, Severance Payments and SERP Payments portion of the Annual Deferral Amount shall be withheld at the time the Annual or Long‐Term Performance Award, Severance Payments and/or SERP Payments are or otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself.

		
	3.4
	Annual Company Contribution Amount.  For each Plan Year, an Employer, in its sole discretion, may, but is not required to, credit any amount it desires to any Participant's Company Contribution Account under this Plan, which amount shall be for that Participant the Annual Company Contribution Amount for that Plan Year.  The amount so credited to a Participant may be smaller or larger than the amount credited to any other Participant, and the amount credited to any Participant for a Plan Year may be zero, even though one or more other Participants receive an Annual Company Contribution Amount for that Plan Year.  The Annual Company Contribution Amount, if any, shall be credited as of the last day of the Plan Year, unless the Employer in its sole discretion determines otherwise.  If a Participant is not employed by an Employer as of the last day of a Plan Year other than by reason of his or her Retirement or death while employed, any Annual 

14

Company Contribution Amount previously credited for that Plan Year shall be forfeited and become zero, unless the Employer in its sole discretion determines otherwise.
		
	3.5
	Annual Company Matching Amount.  A Participant's Annual Company Matching Amount for any Plan Year shall be made for any Participant who elects some deferral of Base Annual Salary into this Plan.  Prior to January 1, 2002, the Annual Company Matching Amount will depend on the structure of the relevant Employer's 401(k) Plan which applies to the Participant.  To determine the Annual Company Matching Amount, it is necessary to identify the relevant Employer 401(k) Plan matching rate (the "Matching Rate") and the percentage of compensation subject to such matching rate (the "Eligible Compensation Percentage").  From and after January 1, 2002, the Annual Company Matching Amount will be determined by using the Matching Rate and the Eligible Compensation Percentage that applies to the Wisconsin Energy Corporation Employee Retirement Savings Plan, regardless of the actual 401(k) plan, if any, that applies to the Participant.  In the Wisconsin Energy Corporation Employee Retirement Savings Plan, the Matching Rate is 50% and the Eligible Compensation Percentage is 6%.  The formula for a Participant's Annual Company Matching Amount is the Matching Rate multiplied times "X", where X is the difference between the Eligible Compensation Percentage times the Participant's gross compensation eligible for matching under the relevant Employer 401(k) Plan before any reduction for deferrals of Base Annual Salary under this Plan and without regard to any Code limitations, and the Participant's "Deemed Maximum Elective Deferral ("DMED").  The DMED for any Participant is equal to the Eligible Compensation Percentage multiplied by such Participant's gross compensation eligible for matching under the relevant Employer 401(k) Plan, reduced by deferrals of Base Annual Salary under this Plan [but limited to the maximum compensation that can be considered under Code section 401(a)(17) ($200,000 for 2002)], provided that the result must be limited to the maximum allowable elective deferral permitted under Code section 402(g) ($11,000 for 2002) plus the maximum allowable catch‐up contribution under Code section 414(v) ($1,000 for 2002).

For example, assume Participant A, who is age 50 or older and eligible for catch‐up contributions, and Participant B, who is under 50, with gross Annual Base Salary of $300,000 and $150,000, each choose to defer 6% into this Plan.  Both are covered or deemed to be covered by the Wisconsin Energy Corporation Employee Retirement Savings Plan.  The Annual Company Matching Amount for each under this Plan is calculated as follows:
	
	
	   Matching Rate 50% Eligible Compensation Percentage 6%

	DMED for A is 6% x $200,000 or $12,000 
DMED for B is 6% x [$150,000 ‐ 9,000] or $8,460

	Annual Matching Amount for A is 50% of "X,"

	   where "X" is 6% x $300,000 or $18,000 
   less DMED of 12,000
   Therefore A's Annual Matching Amount is 6,000 

15

	
	
	   50% x $6,000 or $3,000

	Annual Matching Amount for B is 50% of "X,"
   where "X" is 6% of $150,000 or $9,000
                                  less DMED of 8,460
                                                                         540

	Therefore B's Annual Matching Amount is  
50% x $540 or $270

For the year 2001 only, notwithstanding any other provision of this Plan, a Participant will automatically receive a Company Matching Amount equal to X times Y, where X equals the Matching Rate multiplied by the Eligible Compensation Percentage, and Y equals the amount of any Annual Performance Award, without regard to whether any part of the same is deferred under this Plan.
If in any case the relevant 401(k) Plan does not operate on the calendar year, the Committee in its sole discretion shall determine how the Participant's Annual Company Matching Amount shall be determined for any Participant who elects some deferral of Base Annual Salary into this Plan.  The Committee may modify the method of calculating the Annual Matching Amount to take into account periodic credits rather than annual calculations, consistent with the principles expressed herein.
		
	3.6
	Stock Option Amount.  Deferred Stock Option Amounts shall be credited to the Participant on the books of the Employer at the time Stock would otherwise have been delivered to the Participant pursuant to the Eligible Stock Option exercise, but for the election to defer.

		
	3.7
	Restricted Stock Amount.  Deferred Restricted Stock Amounts shall be credited to the Participant on the books of the Employer at the time the Restricted Stock would otherwise vest under the terms of the plan or arrangement pursuant to which the Restricted Stock was granted, but for the election to defer.

		
	3.8
	Performance Share Amount.  Deferred Performance Share Amounts shall be credited to the Participant on the books of the Employer at the time the Performance Shares would otherwise vest under the terms of the plan or arrangement pursuant to which the Performance Shares were granted, but for the election to defer.

		
	3.9
	Deferred Dividend Equivalents.  Deferred dividend equivalents shall be credited to the Participant on the books of the Employer at the time the deferred dividend equivalents would otherwise have been paid in cash, but for the election to defer.

		
	3.10
	Rollover Amount.  If a Participant or an individual was a participant in the Company's Executive Deferred Compensation Plan, the Wisconsin Gas Company Restoration Plan or any other non‐qualified deferred compensation plan of the Company or its affiliates (the "Prior Plans") and had an undistributed account balance in such plans as of a relevant determination date, and such person has become a Participant or Inactive Participant in this Plan, then such account balance, determined as of that date, shall be transferred on

16

such date to and be added to the Participant's or Inactive Participant's Account Balance under this Plan, and shall thereafter, subject to any necessary consents due to the terms of the Prior Plans, be governed by the terms and conditions of this plan, and shall be referred to as the "Rollover Amount."  However, notwithstanding any other provisions of this Plan, the Account Balance of any Inactive Participant (or beneficiary thereof) who was not a continuing employee of an Employer on or after January 1, 2001 shall continue to be administered and distributed as provided under the terms of the relevant Prior Plan (unless and to the extent otherwise determined by the Committee in its sole discretion in a manner consistent with the terms of the relevant Prior Plan).  Further, the Account Balance of any individual who was a participant in any Prior Plan who continues as an employee of an employer on or after January 1, 2001 and has become a Participant or Inactive Participant in this Plan will remain subject to the distribution method elected under the relevant Prior Plan unless and until a new distribution method has been elected under this Plan and become effective.
		
	3.11
	Investment of Trust Assets.  The Trustee of the Trust shall be authorized, upon written instructions received from the Committee or investment manager appointed by the Committee, to invest and reinvest the assets of the Trust in accordance with the applicable Trust Agreement, including the disposition of Stock and reinvestment of the proceeds in one or more investment vehicles designated by the Committee.

		
	3.12
	Sources of Stock.  If Stock is credited under the Plan in the Trust in connection with a deferral of Stock Option, Restricted Stock or Performance Share Amounts, the shares so credited shall be deemed to have originated, and shall be counted against the number of shares reserved, under such other plan, program or arrangement which awarded the Eligible Stock Option, Restricted Stock and Performance Shares.

		
	3.13
	Vesting.

		
	(a)
	A Participant shall at all times be 100% vested in his or her Deferral Account, Stock Option Account, Restricted Stock Account, Performance Share Account, Dividend Deferral Account, Company Matching Account and Rollover Account.

		
	(b)
	A Participant shall be vested in his or her Company Contribution Account in accordance with the vesting schedule, if any, contained in his or her Election Form.

		
	(c)
	In the event of a Change in Control, a Participant's Company Contribution Account shall immediately become 100% vested. 

		
	(d)
	Notwithstanding subsection (c), the vesting schedule for a Participant's Company Contribution Account shall not be accelerated to the extent that the Committee determines that such acceleration would cause the deduction limitations of section 280G of the Code to become effective.  In the event that all of a Participant's Company Contribution Account is not vested pursuant to such a determination, the Participant may request independent verification of the Committee's calculations with respect to the application of Code section 280G.  In 

17

such case, the Committee must provide to the Participant within 15 business days of such a request an opinion (which need not be unqualified) of the Company's independent auditors which opinion shall state that any limitation in the vested percentage hereunder is necessary to avoid the limits of Code section 280G and contain supporting calculations.  The cost of such opinion shall be paid for by the Company.
		
	3.14
	Crediting/Debiting of Account Balances.  Subject to section 3.14(f) and (g) below, and 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.  Subject to section 3.14(f) and (g) below, a Participant, in connection with his or her initial deferral election in accordance with section 3.2 above, shall elect, on the Election Form, Measurement Fund(s) to be used to determine the additional amounts to be credited to his or her Account Balance, unless changed in accordance with the next sentence.  Subject to section 3.14(f) and (g) below, commencing with the Participant's commencement of participation in the Plan and continuing thereafter, the Participant may (but is not required to) elect, by submitting an Election Form to the Committee that is accepted by the Committee, to add or delete 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 elected Measurement Fund.  If an election is made in accordance with the previous sentence, it shall apply thereafter in accordance with the rules of the Committee for all subsequent periods in which the Participant participates in the Plan, unless changed in accordance with the previous provisions.

		
	(b)
	Proportionate Allocation.  In making any election described in section 3.14(a) above, the Participant shall specify on the Election Form, 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.  Amounts credited to each Participant's Account Balance shall be deemed invested, in accordance with the Participant's directions, in Measurement Funds that are available under the Plan.  The hypothetical investment funds available under the Plan shall be those designated by the Committee, from time to time in its discretion, following recommendations by the WEC Energy Group Investment Trust Policy Committee.  Subject to section 3.14(f) and (g) below, the Participant may elect one or both of the following Measurement Funds for the purpose of crediting additional amounts to his or her Account Balance:  (i) the Prime Rate Fund (described as a mutual fund that is 100% invested in a hypothetical debt instrument which earns interest at an annualized interest rate equal to the "Prime Rate" as reported each business day by the Wall Street Journal, with interest deemed reinvested in additional units of such hypothetical debt instrument); or (ii) a Company Stock Measurement Fund

18

(described as a mutual fund that is 100% invested in shares of Stock, with dividends deemed reinvested in additional shares of Stock).  Effective for transactions into and out of the Company Stock Measurement Fund that are credited to a Participant's Account Balance on and after November 2, 2005, each share of Stock shall be valued using the closing price for the Stock on the day such transaction is credited. 
Prior to January 1, 2015, additional Measurement Funds selected the Committee were available under the Plan.  Investment allocations in place on December 31, 2014 for discontinued Measurement Funds shall remain in effect until changed by the Participant.  A Participant may change the allocation of the Participant's Account Balance from the discontinued Measurement Funds to either the Prime Rate Fund or the Company Stock Measurement Fund in accordance with paragraph (a) above; no other changes are permitted.  Once a Participant elects to change the allocation of amounts from discontinued Measurement Funds to the Prime Rate Fund or the Company Stock Measurement Fund, such amounts cannot be reallocated to the discontinued Measurement Funds.
Subject to section 3.14(f) and (g) below, as necessary, the Committee may, in its sole discretion, discontinue, substitute or add a Measurement Fund, subject to advance notice to Participants if the Committee determines, in its sole discretion, that such notice is necessary.  The Committee also may suspend (i.e., freeze) an existing Measurement Fund at any time, subject to advance notice if the Committee determines necessary, thereby freezing the Measurement Fund as to the crediting of additional deemed investments subsequent to the effective date of the suspension.  
		
	(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 periodic basis based on the performance of each Measurement Fund selected by the Participant, as determined by the Committee in its sole discretion.  The Participant's Annual Company Matching Amount shall be credited to his or her Company Matching Account for purposes of this section 3.14(d) no later than the end of the month following the month to which such amount relates.  The Participant's Annual Stock Option Amount shall be credited to his or her Stock Option Account no later than the close of business on the first business day after the day on which the Eligible Stock Option was exercised or otherwise disposed of.  The Participant's Annual Restricted Stock Amount shall be credited to his or her Restricted Stock Account no later than the close of business on the first business day after the day on which the Participant would have become vested in the Restricted Stock to which such amount relates, but for the election to defer.  The Participant's Annual Performance Share Amount shall be credited to his or her Performance Share Account no later than the close of business on the first business day after the day on which the Participant would have become vested in the Performance Shares to which such amount relates but for the election to defer. 

19

Deferrals of dividend equivalents pursuant to section 3.1(e) shall be credited to his or her Dividend Deferral Account no later than the close of business on the first business day after the day on which those amounts would have been paid to the Participant but for the election to defer.
		
	(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 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.

		
	(f)
	Special Rule for Stock Option, Restricted Stock and Performance Share Accounts.  Notwithstanding any provision of this Plan that may be construed to the contrary, the Participant's Stock Option, Restricted Stock and Performance Share Accounts shall be deemed invested in the Company Stock Measurement Fund at all times prior to distribution from this Plan.  Further, the Participant's Stock Option, Restricted Stock and Performance Share Accounts shall be distributed from this Plan in the form of cash.

		
	(g)
	Special Considerations for Participants Subject to section 16 of the Securities Exchange Act of 1934.  Prior to March 1, 2002, different rules pertained with respect to amounts allocated to the Company Stock Measurement Fund.  The Company Matching Account had to be deemed invested in the Company Stock Measurement Fund at all times prior to distribution from the Plan.  Such restriction was dropped from the Plan effective as of March 1, 2002.  In order that any election by a Participant who is an officer or director subject to the reporting requirements and trading restrictions of Section 16 of the Securities Exchange Act of 1934 ("Section 16") will conform to Section 16, such a Participant should consult with the designated individual at the Company responsible for Section 16 reporting and compliance prior to making any election to move any part of his or her Account Balance into or out of the Company Stock Measurement Fund.  In general, compliance with Section 16 will require that:

		
	(i)
	Any election to move any part of an Account Balance into or out of the Company Stock Measurement Fund (including any election to receive a payout in service under section 4.1, in the event of Unforeseeable Financial Emergency under section 4.3, or under the 10% withdrawal penalty rules of section 4.4), which elections will be deemed made for 

20

purposes of these provisions only as of the date of such deemed investment transfers or proposed payouts, should only be effected if made at least six months following the date of the most recent "opposite way" election (as explained below) made by such Participant with respect to this Plan or any plan of the Company or its affiliates that also constituted a "discretionary transaction" within the meaning of Rule 16b‐3(b)(1) under Section 16.
		
	(ii)
	An "opposite way" election means (x) in case of an election by a Participant to move any part of an Account Balance into the Company Stock Measurement Fund, an election that was a disposition of Company Stock or an interest in a phantom Company Stock fund or similar security, or (y) in case of any election by a Participant to move any part of an Account Balance out of the Company Stock Measurement Fund, an election that was an acquisition of Stock or an interest in a phantom Company Stock fund or similar security.

		
	(iii)
	Any change of election to an alternative payout period made under section 5.2 or 7.2 by such a Participant may only be given effect if it is approved by the Compensation Committee or the Board of Directors of the Company.

The Company reserves the right to impose such restrictions as it determines to be appropriate, in is sole discretion, on any elections, dispositions or other matters under this Plan relating to the Company Stock Measurement Fund in order to comply with or qualify for exemption under Section 16.
		
	3.15
	FICA and Other Taxes.

		
	(a)
	Annual Deferral Amounts.  For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant or an Annual Company Matching Amount is Credited to a Participant, the Participant's Employer(s) shall withhold from that portion of the Participant's non‐deferred compensation, in a manner determined by the Employer(s), the Participant's share of FICA and other employment taxes on such amounts.  If necessary, the Committee may reduce the Annual Deferral Amount in order to comply with this section 3.15.

		
	(b)
	Company Contribution Amounts.  When a participant becomes vested in a portion of his or her Company Contribution Account, the Participant's Employer(s) shall withhold from the Participant's non‐deferred compensation, 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 Contribution Account in order to comply with this section 3.15.

		
	(c)
	Annual Stock Option, Restricted Stock, Performance Share and Similar Amounts.  For each Plan Year in which an Annual Stock Option Amount, Annual Restricted

21

Stock Amount, Annual Performance Share Amount and/or deferred dividend equivalent is being first credited to a Participant's Account Balance, the Participant's Employer(s) shall withhold from that portion of the Participant's non‐deferred compensation, in a manner determined by the Employer(s), the Participant's share of FICA and other employment taxes on such Annual Stock Option Amount, Annual Restricted Stock Amount, Annual Performance Share Amount and/or deferred dividend equivalent.  If necessary, the Committee may reduce such deferrals in order to comply with this section 3.15.
		
	3.16
	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.  All lump‐sum payments and final payments of the remaining balance of any Account Balance shall be calculated based upon the value of the Account Balance determined (unless and until the Company chooses another ending valuation date) as of the last business day of the calendar year quarter immediately preceding the date of payment (the "Ending Valuation Date").  All rights on the part of a Participant or any other person to elect or change the Measurement Funds under section 3.14 shall be deemed to have ceased as of such Ending Valuation Date and no adjustment in the value of an Account Balance shall be considered for any purpose under the Plan after such Ending Valuation Date.

ARTICLE 4 
IN SERVICE PAYOUT; UNFORESEEABLE FINANCIAL EMERGENCIES;  
WITHDRAWAL ELECTION 
		
	4.1
	In Service Payout.

		
	(a)
	In connection with and at the time of each election to defer an Annual Deferral Amount, a Participant may irrevocably elect, on a prospective basis only, to receive a future "In Service Payout" from the Plan with respect to such Annual Deferral Amount.  Subject to the Deduction Limitation, the In Service Payout shall be a lump‐sum payment in an amount that is expressed either as a fixed dollar amount or as a percentage of the Annual Deferral Amount plus amounts credited or debited thereto, determined at the time that the In Service Payout becomes payable (rather than the date of a Termination of Employment).  Subject to the Deduction Limitation and the other terms and conditions of this Plan, each In Service Payout elected shall be paid out during a 90 day period commencing immediately after the last day of any Plan Year designated by the Participant that is at least two Plan Years after the Plan Year in which the Annual Deferral Amount is actually deferred.  By way of example, if a two year In Service Payout is elected with respect to an Annual Performance Award relating to services in 2002 that would otherwise be payable in 2003 but is actually deferred in 2003, the two year In Service Payout would become payable during a 90 day period commencing January 1, 2006.

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	(b)
	A Participant's election to defer dividends under section 3.1(e) must be made annually and a Participant shall have the ability to elect to receive a future In Service Payout with respect to each year's annual Performance Share dividend equivalent deferrals pursuant to the same rules as described in paragraph (a) above.

		
	(c)
	If a Participant makes an election pursuant to paragraph (a) above with respect to the Annual Deferral Amount for any year, such election shall also apply to and shall result in an In Service Payout of the Annual Company Matching Amount for that year plus amounts credited or debited thereto, determined at the time the In Service Payout becomes payable.  Such In Service Payout shall be made at the same time as the In Service Payout with respect to the Annual Deferral Amount for that year.

		
	4.2
	Other Benefits Take Precedence Over In Service.  Should an event occur that triggers a benefit under Article 5, 6, 7 or 8, any Annual Deferral Amount, Annual Company Matching Amount and/or annual dividend equivalent deferral amount, plus amounts credited or debited thereon, that is subject to a In Service Payout election under section 4.1 shall not be paid in accordance with section 4.1 but shall be paid in accordance with the other applicable Article.

		
	4.3
	Withdrawal Payout/Suspensions for Unforeseeable Financial Emergencies.  If the Participant experiences an Unforeseeable Financial Emergency, the Participant may petition the Committee to (i) suspend any deferrals required to be made by a Participant and/or (ii) subject to the Deduction Limitation, receive a partial or full payout from the Plan.  The payout shall not exceed the lesser of the Participant's Account Balance, calculated as if such Participant were receiving a Termination Benefit, or the amount reasonably needed to satisfy the Unforeseeable Financial Emergency.  If, subject to the sole discretion of the Committee, the petition for a suspension and/or payout is approved, suspension shall take effect upon the date of approval and any payout shall be made within 90 days of the date of approval.

		
	4.4
	Withdrawal Election.  Subject to the Deduction Limitation, a Participant (or, after a Participant's death, his or her Beneficiary) may elect, at any time, to withdraw part or all of his or her Account Balance, calculated as if there had occurred a Termination of Employment as of the day of the election, less a withdrawal penalty equal to 10% of such amount (the net amount shall be referred to as the "Withdrawal Amount").  This election can be made at any time, before or after Retirement, Disability, death or Termination of Employment, and whether or not the Participant (or Beneficiary) is in the process of being paid pursuant to an installment payment schedule.  If made before Retirement, Disability or death, a Participant's Withdrawal Amount shall be calculated based on his or her Account Balance as if there had occurred a Termination of Employment as of the day of the election.  Any partial withdrawal must be at least equal to $25,000, or such higher amount as the Committee may establish from time to time.  The Participant (or his or her Beneficiary) shall make this election by giving the Committee advance written notice of the election in a form determined from time to time by the Committee.  The Participant

23

(or his or her Beneficiary) shall be paid the Withdrawal Amount within 90 days of his or her election.
ARTICLE 5 
RETIREMENT BENEFIT
		
	5.1
	Retirement Benefit.  Subject to the Deduction Limitation, a Participant who Retires shall receive, as a Retirement Benefit, his or her Account Balance.

		
	5.2
	Payment of Retirement Benefit.  A Participant, in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive the Retirement Benefit in a lump sum or pursuant to an Annual Installment Method.  The Participant may annually change his or her election to an allowable alternative payout period by submitting a new Election Form to the Committee, provided that any such Election Form is submitted at least one year prior to the Participant's Retirement and is accepted by the Committee in its sole discretion.  Any change to an alternative payout is also subject to the rules in section 3.14(g)(iii).  The Election Form most recently accepted by the Committee shall govern the payout of the Retirement Benefit.  Notwithstanding a Participant's election, if the Participant's Account Balance at the time of his or her Retirement is less than $10,000, payment of his or her Retirement Benefit shall be paid in a lump sum.  If a Participant does not make any election with respect to the payment of the Retirement Benefit, then such benefit shall be payable in a lump sum.  The lump‐sum payment shall be made, or installment payments shall commence, no later than 90 days after the last day of the Plan Year in which the Participant Retires.  Any payment made shall be subject to the Deduction Limitation.

		
	5.3
	Death Prior to Completion of Retirement Benefit.  If a Participant dies after Retirement but before the Retirement Benefit is paid in full, the Participant's unpaid Retirement Benefit payments shall continue and shall be paid to the Participant's Beneficiary (a) 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, or (b) in a lump sum, if requested by the Beneficiary and allowed in the sole discretion of the Committee, that is equal to the Participant's unpaid remaining Account Balance.

		
	5.4
	Special "Make Whole" Benefits.

		
	(a)
	"Make Whole" Pension Benefit With Respect to Deferrals of Base Annual Salary.  Base Annual Salary which is deferred pursuant to this Plan cannot be included in the compensation base for calculating retirement income under the qualified defined benefit pension plans of the Company and its affiliates (the "Pension Plans").  Therefore, a "make whole" benefit will be paid from this Plan as a pension supplement to or with respect to a Participant whose deferrals of Base Annual Salary result in a lesser pension payment under the Pension Plans.  Such pension supplement shall equal the amount by which such Participant's pension under the Pension Plans (calculated for this purpose without regard to any limitation or benefits imposed by section 415 of the Code, or any limitation on annual compensation imposed by section 401(a)(17) of the Code; hereinafter,

24

the "IRS Limitations") was less because deferrals of Base Annual Salary under this Plan were not taken into account in the calculation of such participant's pension (but the amount of any supplemental pension benefit "A" applicable to the Participant under the Company's SERP shall be taken into account to avoid any duplication of the pension supplement provided hereunder).  This section applies to all forms of pension payable under the Pension Plans, including pre‐retirement death benefits.
		
	(b)
	"Make Whole" Pension Benefit With Regard to Performance and Incentive Awards.  Performance awards under the Company's prior Short‐Term Performance Plan and incentive awards made under a former incentive plan of the Company known as the Executive Incentive Compensation Plan are excluded from the compensation base under the Retirement Account Plan, a tax qualified defined benefit plan of Wisconsin Electric Power Company (the "Retirement Account Plan").  Similarly, special awards made from time to time as determined by the Board are likewise excluded.  A "make whole" pension supplement was provided for under the terms of Article IX(2) of the prior Wisconsin Energy Corporation Executive Deferred Compensation Plan as amended and restated as of January 1, 1994 (the "Prior Company Plan") for any Participant in that plan whose pension benefit under the Retirement Account Plan would have been greater had such performance awards, incentive awards or special awards been included in the compensation base of the Retirement Account Plan, calculated without regard to the IRS limitations.  As with section 5.4(a) above, supplemental pension benefit "A" shall be considered in order to avoid duplication.  It is the intent of this section to continue to provide such "make whole" pension supplement and the provisions of such Article IX(2) of the Prior Company Plan are incorporated by reference and continue to apply hereunder, except as modified by other provisions of this section 5.4.

		
	(c)
	"Make Whole" Long‐Term Disability Benefit.  It is the intent of this Plan that a Participant not suffer any loss with respect to a disability benefit under the disability benefit applicable to employees of the Company and its affiliates, if the Participant is eligible for and participating in the long‐term disability benefit plan of an Employer (the "LTD Plan") because of either the exclusion of Base Annual Salary deferred under this Plan from the compensation base under the LTD Plan (the "Salary Deferral Limit") or the special limitation on annual compensation which can be taken into account under the LTD Plan imposed by section 505(b)(7) of the Code (the "IRS Special Limit").  Therefore, in the event such a Participant becomes eligible for and begins to receive a disability benefit from the LTD Plan and the amount of such disability benefit is limited because of the application of the Salary Deferral Limit or the IRS Special Limit, a "make whole" disability benefit shall be paid from this Plan as a supplement to the disability limit paid from the LTD Plan.  Such LTD supplement shall equal the monthly amount by which such Participant's disability benefit under the LTD Plan was less because of the application of the Salary Deferral Limit and the IRS Special Limit.  Such LTD supplement shall commence at the same time as the disability benefit paid under the LTD Plan and continue for so long as such 

25

disability benefit is paid.  Such LTD supplement shall be paid out of general corporate assets or out of a grantor trust, but not out of any voluntary employees' beneficiary association or trust covered by section 501(c)(9) of the Code.
		
	(d)
	Form of Payment and Deferral Option.  The "make whole" pension supplements provided for in this section 5.4(a) and (b) shall be payable in lump‐sum form at the same time as the benefit becomes payable to or with respect to the Participant under the relevant Pension Plan (as to the section 5.4(a) supplement) or under the Retirement Account Plan (as to the section 5.4(b) supplement).  The terms and conditions of the relevant Pension Plan or the Retirement Account Plan shall provide the governing principles as to the calculation of the pension supplements arising under this section 5.4, except that the amount of the pension supplement shall not be actuarially adjusted if payment of the Participant's benefit under the relevant Pension Plan or the Retirement Account Plan occurs subsequent to the Participant's attainment of normal retirement age (as defined under the relevant Pension Plan or Retirement Account Plan).  In lieu of receiving a lump-sum payment of the pension supplement, a Participant who becomes entitled to a pension supplement pursuant to section 5.4(a) or (b) will be allowed to elect that the relevant lump‐sum payment be determined and then credited to such Participant's Account Balance under this Plan as of the date the same would have otherwise been paid (the "Supplement Payment Date") (with such Participant to be treated as having then "Retired" for purposes of this Plan, so that the Participant's election for a method of payout under Article 5 shall govern), provided that such an Election Form filed by the Participant with regard to such pension supplement(s) is submitted to the Committee at least one year prior to the Supplemental Payment Date.

ARTICLE 6 
PRE‐RETIREMENT SURVIVOR BENEFIT
		
	6.1
	Pre‐Retirement Survivor Benefit.  Subject to the Deduction Limitation, the Participant's Beneficiary shall receive a Pre‐Retirement Survivor Benefit equal to the Participant's Account Balance if the Participant dies before he or she Retires, experiences a Termination of Employment or suffers a Disability.

		
	6.2
	Payment of Pre‐Retirement Survivor Benefit.  A Participant, in connection with his or her commencement of participation in the Plan, shall elect on an Election Form whether the Pre‐Retirement Survivor Benefit shall be received by his or her Beneficiary in a lump sum or pursuant to an Annual Installment Method.  The Participant may annually change this election to an allowable alternative payout period by submitting a new Election Form to the Committee, which form is accepted by the Committee in its sole discretion.  The Election Form most recently accepted by the Committee prior to the Participant's death shall govern the payout of the Participant's Pre‐Retirement Survivor Benefit.  If a Participant does not make any election with respect to the payment of the Pre‐Retirement Survivor Benefit, then such benefit shall be paid in a lump sum.  Despite the foregoing, if the Participant's Account Balance at the time of his or her death is less than $25,000, payment of the Pre‐Retirement Survivor Benefit may be made, in the sole discretion of 

26

the Committee, in a lump sum.  The lump‐sum payment shall be made, or installment payments shall commence, no later than 90 days after the last day of the Plan Year in which the Committee is provided with proof that is satisfactory to the Committee of the Participant's death.  Any payment made shall be subject to the Deduction Limitation.
ARTICLE 7 
TERMINATION BENEFIT
		
	7.1
	Termination Benefit.  Subject to the Deduction Limitation, the Participant shall receive a Termination Benefit, which shall be equal to the Participant's Account Balance if a Participant experiences a Termination of Employment prior to his or her Retirement, death or Disability.

		
	7.2
	Payment of Termination Benefit.  A Participant, in connection with his or her participation in the Plan, shall elect on an Election Form to receive the Termination Benefit in a lump sum or over a period of five years in annual installments using the Fractional Method specified in section 1.6.  The Participant may annually change his or her election to an allowable alternative by submitting a new Election Form to the Committee, provided that any such Election Form is submitted at least one year prior to the Participant's Termination of Employment and is accepted by the Committee in its sole discretion.  Any change to an alternative payout is also subject to the rules in section 3.14(g)(iii).  However, notwithstanding a Participant's election, if the Participant's Account Balance at the time of his or her Termination of Employment is less than $25,000, payment of his or her Termination Benefit shall be paid in a lump sum.  If a Participant does not make any election with respect to the payment of the Termination Benefit, then such benefit shall be payable in a lump sum.  The lump‐sum payment shall be made, or installment payments shall commence, no later than 90 days after the last day of the Plan Year in which the Participant experiences the Termination of Employment.  Any payment made shall be subject to the Deduction Limitation.

ARTICLE 8 
DISABILITY WAIVER AND BENEFIT
		
	8.1
	Disability Waiver.

		
	(a)
	Waiver of Deferral.  A Participant who is determined to be suffering from a Disability shall be (i) excused from fulfilling that portion of the Annual Deferral Amount commitment that would otherwise have been withheld from a Participant's Base Annual Salary, Annual or Long‐Term Performance Award, Severance Payments and/or SERP Payments for the Plan Year during which the Participant first suffers a Disability and (ii) excused from fulfilling the deferral of any Restricted Stock Amount, Performance Share Amount, Stock Option Amount or dividend equivalent deferral which would otherwise take place  following the determination of Disability.  During the period of Disability, the Participant shall not be allowed to make any additional deferral elections, but will continue to be considered a Participant for all other purposes of this Plan.

27

		
	(b)
	Return to Work.  If a Participant returns to employment after a Disability ceases, the Participant may elect to defer an Annual Deferral Amount, Stock Option Amount, Restricted Stock Amount, Performance Share Amount and dividend equivalents for the Plan Year following his or her return to employment or service and for every Plan Year thereafter while a Participant in the Plan; provided such deferral elections are otherwise allowed and an Election Form is delivered to and accepted by the Committee for each such election in accordance with section 3.2 above.

		
	8.2
	Continued Eligibility; Disability Benefit.  A Participant suffering a Disability shall, for benefit purposes under this Plan, continue to be considered to be employed and shall be eligible for the benefits provided for in Articles 4, 5, 6 or 7 in accordance with the provisions of those Articles.  Notwithstanding the above, the Committee shall have the right to, in its sole and absolute discretion and for purposes of this Plan only, to deem the Participant to have experienced a Termination of Employment at any time.  Further, in the case of a Participant who is otherwise eligible to Retire, the Committee shall treat such Participant as having Retired as soon as practicable after such Participant is determined to be suffering a Disability.  In either case the Participant shall receive a Disability Benefit equal to his or her Account Balance at the time of the determination of Disability; provided, however, that should the Participant otherwise have been eligible to Retire, he or she shall be paid in accordance with Article 5.  If the Disability Benefit is not payable in accordance with Article 5, it shall be paid in a lump sum within 90 days of the Committee's exercise of such right.  Any payment made shall be subject to the Deduction Limitation.

ARTICLE 9 
BENEFICIARY DESIGNATION 
		
	9.1
	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.

		
	9.2
	Beneficiary Designation; Change.  A Participant shall designate his or her Beneficiary by completing a 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.  Upon the acceptance by the Committee of a new Beneficiary Designation Form, all Beneficiary designations previously submitted shall be canceled.  The Committee shall be entitled to rely on the last Beneficiary Designation Form submitted by the Participant and accepted by the Committee prior to his or her death.  In the event of a Participant's divorce, any designation of the Participant's former spouse as a Beneficiary shall be deemed void unless after the divorce the Participant completes a new designation naming such former spouse as a Beneficiary.  

28

		
	9.3
	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.

		
	9.4
	No Beneficiary Designation.  If a Participant fails to designate a Beneficiary as provided in sections 9.1, 9.2 and 9.3 above or, if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefits, then the remaining benefits in the Participant's Account Balance shall be paid to the Participant's surviving spouse, if none, to the Participant's descendants by right of representation or, if none, to the Participant's next of kin determined pursuant to the laws of the state in which the Company's principal place of business is located as if the Participant had died unmarried and intestate.  

		
	9.5
	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.

		
	9.6
	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 Election Form(s) shall terminate upon such full payment of benefits.

ARTICLE 10 
LEAVE OF ABSENCE 
		
	10.1
	Paid Leave of Absence.  If a Participant is authorized by the Participant's Employer for any reason to take a paid leave of absence from the employment of the Employer, the Participant shall continue to be considered employed by the Employer and the Annual Deferral Amount shall continue to be withheld during such paid leave of absence in accordance with section 3.2.

		
	10.2
	Unpaid Leave of Absence.  If a Participant is authorized by the Participant's Employer for any reason to take an unpaid leave of absence from the employment of the Employer, the Participant shall continue to be considered employed by the Employer and the Participant shall be excused from making deferrals until the earlier of the date the leave of absence expires or the Participant returns to a paid employment status.  Upon such expiration or return, deferrals shall resume for the remaining portion of the Plan Year in which the expiration or return occurs, based on the deferral election, if any, made for that Plan Year.  If no election was made for that Plan Year, no deferral shall be withheld.

ARTICLE 11 
TERMINATION, AMENDMENT OR MODIFICATION 
		
	11.1
	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 

29

any time with respect to all of its participating Employees, by action of its board of directors or compensation committee.  Upon the termination of the Plan with respect to any Employer, the Election Form(s) of the affected Participants who are employed by that Employer shall terminate.  The terminating Employer may decide that the Account Balances of its participating Employees shall continue to be held under the provisions of this Plan (but with no further deferrals to be made after termination of the Plan by such Employer as to its participating Employees) until an event occurs which would otherwise cause a payout to be made hereunder.  Any Company Contribution amounts which are not fully vested may continue to be so held under the Plan, even if other amounts in the Account Balances are not so held.  Alternatively, the Employer may determine to distribute all Account Balances of affected Participants in a lump sum as soon as administratively practicable after the date of Plan termination.  As a third alternative, the Employer may determine to proceed with distribution of Account Balances of the affected Participant's determined as if they had experienced a Termination of Employment on the date of Plan termination or, if Plan termination occurs after the date upon which a Participant was eligible to Retire, then with respect to that Participant as if he or she had Retired on the date of Plan termination.  However, if an Employer terminates the Plan as to its participating Employees after a Change in Control, the Employer shall be required to pay such benefits in a lump sum, except as otherwise provided in section 15.18.  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; provided however, that the Employer shall have the right to accelerate installment payments without a premium or prepayment penalty by paying the Account Balance in a lump sum or using fewer years (provided that the present value of all payments that will have been received by a Participant at any given point of time under the different payment schedule shall equal or exceed the present value of all payments that would have been received at that point in time under the original payment schedule).
		
	11.2
	Amendment.  The Company has the sole right to amend or modify the Plan and may do so at any time, in whole or in part, by the action of its Board of Directors, Compensation Committee or the Committee referred to in Article 12 below; provided, however, that:  (i) no amendment shall be effective to decrease the value of a Participant's Account Balance in existence at the time the amendment or modification is made, and (ii) no amendment shall adversely affect any Participant or Beneficiary who has become entitled to benefits as of the date of the amendment.  Further, during the pendency of a Potential Change in Control (as defined below) and at all times following a Change in Control, no amendment or modification may be made which in any way adversely affects the interests of any Participant with respect to amounts credited to such Participant's Account Balance as of the date of the amendment.  A "Potential Change in Control" shall be deemed to have occurred if the event set forth in any one of the following paragraphs shall have occurred:

		
	(a)
	the Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control;

30

		
	(b)
	the Company or any Person publicly announces an intention to take or to consider taking actions which, if consummated, would constitute a Change in Control;

		
	(c)
	any Person becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 15% or more of either the then outstanding shares of common stock of the Company or the combined voting power of the Company's then outstanding securities (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its affiliates); or

		
	(d)
	the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred.

The capitalized terms in the above definition have the same meaning as in the "Change in Control" definition set forth in section 1.14 of the Plan. The Company's power to amend or modify the Plan includes the power to suspend and, if it determines to do so, re‐institute the ability of any Participant or group of Participants to make deferrals under Article 3 at any time (any such suspension of the ability to make deferrals shall also suspend continued accruals of the make whole retirement benefits under section 5.4 as of the date deferrals are suspended or such other date as shall be specified by the Company) and such action may be taken by the Company's Board, the Compensation Committee or the Committee referred to in Article 12 herein.
		
	11.3
	Effect of Payment.  The full payment of the applicable benefit under any provision of the Plan shall completely discharge all obligations to a Participant and his or her designated Beneficiaries under this Plan and the Participant's Election Form(s) shall terminate.

ARTICLE 12 
ADMINISTRATION
		
	12.1
	Committee Duties.  Except as otherwise provided in this Article 12, this Plan shall be administered by the Committee.  Members of the Committee may be Participants under this Plan.  The Committee (or the Chief Executive Officer if such individual chooses to so act) shall also have full and complete discretionary 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 claims procedures set forth in Article 13 or otherwise with regard to 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.  The Chief Executive Officer may not act on any matter involving such officer's own participation in the Plan.  All references to the Committee shall be deemed to include reference to the Chief Executive Officer.  When making a determination or calculation, the Committee shall be entitled to rely on information furnished by a Participant or the Company.  Notwithstanding any other provision of this Plan, the Committee shall have the power, in its sole and absolute discretion, to grant or deny a request from any Participant, Inactive Participant or Beneficiary for acceleration in payment of any Account Balance held with 

31

respect to such person.  This discretionary power shall reside with the Committee under this section 12.1 and with Administrator under section 12.2.
		
	12.2
	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 individual who, at any time prior to such event, was the Company's Chief Executive Officer or, if there is no such officer or such officer does not act, by the Company's then highest ranking officer (the "Appointing Officer").  Upon the occurrence of a Change in Control, the Administrator shall have full and complete 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) of whatsoever kind and nature which may be imposed on, asserted against or incurred by the Administrator 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 on all matters relating to the Plan, the Trust, the Participants and their Beneficiaries, the Account Balances of the Participants, including the dates of Retirement, Disability, death or Termination of Employment 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) only by either individual who was or could have been an Appointing Officer.  Upon and after a Change in Control, the Administrator may not be terminated by the Company.

		
	12.3
	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.

		
	12.4
	Binding Effect of Decisions.  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.

		
	12.5
	Indemnity of Committee.  All Employers shall indemnify and hold harmless the members of the Committee, and any other 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.

		
	12.6
	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 

32

the Committee and/or Administrator, as the case may be, on all matters relating to the compensation of its Participants, the dates of the Retirement, Disability, death or Termination of Employment of its Participants, and such other pertinent information as the Committee or Administrator may reasonably require.
		
	12.7
	Coordination with Other Benefits.  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 13 
CLAIMS PROCEDURES 
		
	13.1
	Presentation of Claim.  Any Participant or Beneficiary (such Participant or Beneficiary being referred to below as a "Claimant") may deliver to the Committee a written claim for benefits.  If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within 90 days after such notice was received by the Claimant.  All other claims shall be made within 180 days of the date on which the event that caused the claim to arise occurred.  The claim shall state with particularity the determination desired by the Claimant.  A claim shall be considered to have been made when a written communication made by the Claimant or the Claimant's representative is received by the Committee.

		
	13.2
	Decision on Initial Claim.  The Committee shall consider a Claimant's claim and provide written notice to the Claimant of any denial within a reasonable time, but no later than 90 days after receipt of the claim.  If an extension of time beyond the initial 90-day period for processing is required, written notice of the extension shall be provided to the Claimant before the initial 90-day period expires indicating the special circumstances requiring an extension of time and the date by which the Committee expects to render a final decision.  In no event shall the period, as extended, exceed 180 days.  If the Committee denies, in whole or in part, the claim, the notice shall set forth in a manner calculated to be understood by the Claimant:

		
	(a)
	The specific reasons for the denial of the claim, or any part thereof;

		
	(b)
	Specific references to pertinent Plan provisions upon which such denial was based;

		
	(c)
	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

		
	(d)
	An explanation of the claim review procedure set forth in section 13.3 below, which explanation shall also include a statement of the Claimant's right to bring a civil action under ERISA section 502(a) following a denial of the claim upon review.

33

		
	13.3
	Right to Review.  A Claimant is entitled to appeal any claim that has been denied in whole or in part.  To do so, the Claimant must submit a written request for review with the Committee within 60 days after receiving a notice from the Committee that a claim has been denied, in whole or in part.  Absent receipt by the Committee of a written request for review within such 60‐day period, the claim shall be deemed to be conclusively denied.  The Claimant (or the Claimant's duly authorized representative) may:

		
	(a)
	Review and/or receive copies of, upon request and free of charge, all documents, records, and other information relevant to the Claimant's claim; 

		
	(b)
	Submit written comments, documents, records or other information relating to the Claimant's claim, which the Committee shall take into account in considering the claim on review, without regard to whether such information was submitted or considered in the initial review of the claim; and/or

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

If a Claimant requests to review and/or receive copies of relevant information pursuant to paragraph (a) above before filing a written request for review, the 60-day period for submitting the written request for review will be tolled during the period beginning on the date the Claimant makes such request and ending on the date the Claimant reviews or receives such relevant information.
		
	13.4
	Decision on Review.  The Committee shall render its decision on review promptly, and not later than 60 days after it receives a written request for review of the denial, unless a hearing is held or other special circumstances require additional time.  In such case, the Committee will notify the Claimant, before the expiration of the initial 60-day period and in writing, of the need for additional time, the reason the additional time is necessary, and the date (no later than 60 days after expiration of the initial 60-day period) by which the Committee expects to render its decision on review.  Notwithstanding the foregoing, if the Committee determines that an extension of the initial 60-day period is required due to the Claimant's failure to submit information necessary for the Committee to decide the claim, the time period by which the Committee must make its determination on review shall be tolled from the date on which the notification of the extension is sent to the Claimant until the date on which the Claimant responds to the request for additional information.  The decision on review shall be written in a manner calculated to be understood by the Claimant, and shall contain:

		
	(a)
	Specific reasons for the decision;

		
	(b)
	Specific references to the pertinent Plan provisions upon which the decision was based; 

		
	(c)
	A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records or other information relevant (within the meaning of Department of Labor Regulation section 2560.503-1(m)(8)) to the Claimant's claim;

34

		
	(d)
	A statement of the Claimant's right to bring a civil action under ERISA section 502(a) following a wholly or partially denied claim for benefits; and

		
	(e)
	Such other matters as the Committee deems relevant.

		
	13.5
	Form of Notice and Decision.  Any notice or decision by the Committee under this Article 10 may be furnished electronically in accordance with Department of Labor Regulation section 2520.104b-(1)(c)(i), (iii) and (iv). 

		
	13.6
	Legal Action.  Any final decision by the Committee shall be binding on all parties.  A Claimant's compliance with the foregoing provisions of this Article 13 is a mandatory prerequisite to a Claimant's right to commence any legal action with respect to any claim for benefits under this Plan.  If a final determination of the Committee is challenged in court, such determination shall not be subject to de novo review and shall not be overturned unless proven to be arbitrary and capricious based on the evidence considered by the Committee at the time of such determination.

ARTICLE 14 
TRUST
		
	14.1
	Establishment of the Trust.  The Company shall establish a Trust and each Employer shall contribute such amounts to the Trust from time to time as it deems desirable.  Notwithstanding the preceding sentence, each Employer shall at least annually transfer over to the Trust such assets as the Company determines, in its sole discretion, are necessary so that Trust assets are at least equal at the time of transfer to the balances in the Deferral, Company Contribution, Company Matching, Stock Option and Restricted Stock Accounts of Participants and Beneficiaries who had become entitled to benefits prior to November 1, 2003.

		
	14.2
	Interrelationship of the Plan and the Trust.  The provisions of the Plan 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.

		
	14.3
	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 15 
MISCELLANEOUS
		
	15.1
	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 employees" within the meaning of ERISA.  The Plan shall be administered and interpreted to the extent possible in a manner consistent with that intent.

35

		
	15.2
	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.

		
	15.3
	Employer's Liability.  An Employer's liability for the payment of benefits shall be defined only by the Plan and any Election Form(s), as entered into between the Employer and a Participant.  An Employer shall have no obligation to a Participant under the Plan except as expressly provided in the Plan.

		
	15.4
	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 to the maximum extent allowed by law.  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, nor shall any part of the same, to the maximum extent allowed by law, 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.

		
	15.5
	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 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.

		
	15.6
	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.

		
	15.7
	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.

36

		
	15.8
	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.

		
	15.9
	Governing Law.  Subject to ERISA, the provisions of this Plan shall be construed and interpreted according to the internal laws of the State of Wisconsin without regard to its conflicts of laws principles.

		
	15.10
	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:

Corporate Secretary
WEC Energy Group, Inc. 
231 West Michigan Street
Milwaukee, Wisconsin 53203
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.
		
	15.11
	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.

		
	15.12
	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.

		
	15.13
	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.

		
	15.14
	Court Order.  The Committee is authorized to make any payments directed by court order in any action in which the Plan or the Committee has been named as a party.  In addition, if a court determines that a spouse or former spouse of a Participant has an interest in the Participant's benefits under the Plan in connection with a property settlement or otherwise, the Committee in its sole discretion, shall have the right,

37

notwithstanding any election made by a Participant, to immediately distribute the spouse's or former spouse's interest in the Participant's benefits under the Plan to that spouse or former spouse.
		
	15.15
	Distribution in the Event of Taxation.

		
	(a)
	In General.  If, for any reason, all or any portion of a Participant's benefits under this Plan becomes taxable to the Participant prior to receipt, a Participant may petition the Committee before a Change in Control, or the third party administrator after a Change in Control, for a distribution of that portion of his or her benefit that has become taxable.  Upon the grant of such a petition, which grant shall not be unreasonably withheld (and, after a Change in Control, shall be granted), a Participant's Employer shall distribute to the Participant immediately available funds in an amount equal to the taxable portion of his or her benefit (which amount shall not exceed a Participant's unpaid Account Balance under the Plan).  If the petition is granted, the tax liability distribution shall be made within 90 days of the date when the Participant's petition is granted.  Such a distribution shall affect and reduce the benefits to be paid under this Plan.

		
	(b)
	Trust.  If the Trust terminates in accordance with its terms and benefits are distributed from the Trust to a Participant in accordance therewith, the Participant's benefits under this Plan shall be reduced to the extent of such distributions.

		
	15.16
	Insurance.  The Employers, on their own behalf or on behalf of the trustee of the Trust, and, in their sole discretion, may apply for and procure insurance on the life of the Participant, in such amounts and in such forms as the Trust may choose.  The Employers or the trustee of the Trust, as the case may be, shall be the sole owner and beneficiary of any such insurance.  The Participant shall have no interest whatsoever in any such policy or policies, and at the request of the Employers shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to whom the Employers have applied for insurance.  The Participant may elect not to be insured.

		
	15.17
	Legal Fees To Enforce Rights After Change in Control.  The Company and each Employer is aware that upon the occurrence of a Change in Control, the Company Board or the board of directors of a Participant's Employer (which might then be composed of new members) or a shareholder of the Company or the Participant's Employer, or of any successor corporation might then cause or attempt to cause the Company, the Participant's Employer or such successor to refuse to comply with its obligations under the Plan and might cause or attempt to cause the Company or the Participant's Employer to institute, or may institute, litigation seeking to deny Participants the benefits intended under the Plan.  In these circumstances, the purpose of the Plan could be frustrated.  Accordingly, if, following a Change in Control, it should appear to any Participant that the Company, the Participant's Employer or any successor corporation has failed to comply with any of its obligations under the Plan or any agreement thereunder or, if the Company, such Employer or any other person takes any action to declare the Plan void or 

38

unenforceable or institutes any litigation or other legal action designed to deny, diminish or to recover from any Participant the benefits intended to be provided, then the Company and the Participant's Employer irrevocably authorize such Participant to retain counsel of his or her choice at the expense of the Company and the Participant's Employer (who shall be jointly and severally liable for all reasonable fees of such counsel) to represent such Participant in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company, the Participant's Employer or any director, officer, shareholder or other person affiliated with the Company, the Participant's Employer or any successor thereto in any jurisdiction.
		
	15.18
	Payout Under Special Circumstances.  Notwithstanding any other provision of this Plan, upon the happening of either of the following events, the Account Balances of all Participants, Inactive Participants and Beneficiaries shall be forthwith paid in a single lump sum, except in the case of an event constituting a Change in Control for any individual who has previously filed a special written irrevocable deferral election form under the SERP, or under a special written contract with the Company (including, without limitation, the senior officer change in control, severance and non‐compete agreements currently in effect) electing not to receive such an immediate lump sum but to instead be paid on another basis:

		
	(a)
	the occurrence of a Change in Control; or

		
	(b)
	should at any time Moody's or Standard & Poor's investment rating services classify the senior debt obligations of the Company as less than "investment grade" (which term shall mean senior debt obligations of the Company which are assigned to the top four grades, which as of the date of this document are AAA, AA, A and BBB by Standard & Poor's and Aaa, Aa, A and Baa by Moody's.

39Exhibit

Exhibit 10.3

WEC ENERGY GROUP 
EXECUTIVE DEFERRED COMPENSATION PLAN

Amended and Restated Effective as of January 1, 2018

TABLE OF CONTENTS

	
					
	 
	 
	 
	Page
	

	 
	 
	 
	 

	INTRODUCTION
	1
	

	 
	 
	 
	 

	ARTICLE 1 DEFINITIONS
	2
	

	 
	 
	 
	 

	ARTICLE 2 ELIGIBILITY AND PARTICIPATION
	9
	

	 
	 
	 
	 

	 
	2.1
	Selection by Committee
	9
	

	 
	 
	 
	 

	 
	2.2
	Participation
	9
	

	 
	 
	 
	 

	 
	2.3
	Deferral Elections
	9
	

	 
	 
	 
	 

	 
	2.4
	Form of Payment Elections
	9
	

	 
	 
	 
	 

	 
	2.5
	Cessation of Participation
	10
	

	 
	 
	 
	 

	ARTICLE 3 DEFERRALS AND CONTRIBUTIONS
	11
	

	 
	 
	 
	 

	 
	3.1
	Base Annual Salary
	11
	

	 
	 
	 
	 

	 
	3.2
	Annual Incentive Plan, STPP or Long-Term Performance Awards
	11
	

	 
	 
	 
	 

	 
	3.3
	Restricted Stock
	12
	

	 
	 
	 
	 

	 
	3.4
	Performance Shares or Units
	12
	

	 
	 
	 
	 

	 
	3.5
	Dividend Equivalents
	13
	

	 
	 
	 
	 

	 
	3.6
	Newly-Eligible Employees
	13
	

	 
	 
	 
	 

	 
	3.7
	Annual Company Contribution Amount
	14
	

	 
	 
	 
	 

	 
	3.8
	Company Matching Amount
	14
	

	 
	 
	 
	 

	 
	3.9
	Company Contributions for RSP Participants
	15
	

	 
	 
	 
	 

	ARTICLE 4 ACCOUNTS
	18
	

	 
	 
	 
	 

	 
	4.1
	Establishment of Accounts
	18
	

	 
	 
	 
	 

	 
	4.2
	Vesting
	18
	

	 
	 
	 
	 

	 
	4.3
	Deemed Investments
	19
	

	 
	 
	 
	 

	 
	4.4
	Taxes
	22
	

	 
	 
	 
	 

i

	
					
	TABLE OF CONTENTS

	(cont)

	 
	 
	 
	 

	ARTICLE 5 DISTRIBUTION OF ACCOUNT
	22
	

	 
	 
	 
	 

	 
	5.1
	Time for Distribution
	22
	

	 
	 
	 
	 

	 
	5.2
	In-Service Payout
	22
	

	 
	 
	 
	 

	 
	5.3
	Benefits Upon Retirement
	23
	

	 
	 
	 
	 

	 
	5.4
	Benefits Upon Separation from Service
	23
	

	 
	 
	 
	 

	 
	5.5
	Benefits Upon Death
	24
	

	 
	 
	 
	 

	 
	5.6
	Changes to Form of Payment
	25
	

	 
	 
	 
	 

	 
	5.7
	Changes to Timing of In-Service Payout
	25
	

	 
	 
	 
	 

	 
	5.8
	Unforeseeable Emergency
	26
	

	 
	 
	 
	 

	 
	5.9
	Change in Control
	26
	

	 
	 
	 
	 

	 
	5.10
	Discretion to Accelerate Distribution
	27
	

	 
	 
	 
	 

	ARTICLE 6 LEAVE OF ABSENCE
	27
	

	 
	 
	 
	 

	ARTICLE 7 BENEFICIARY DESIGNATION
	28
	

	 
	 
	 
	 

	 
	7.1
	Beneficiary
	28
	

	 
	 
	 
	 

	 
	7.2
	Beneficiary Designation; Change
	28
	

	 
	 
	 
	 

	 
	7.3
	No Beneficiary Designation
	28
	

	 
	 
	 
	 

	 
	7.4
	Doubt as to Beneficiary
	29
	

	 
	 
	 
	 

	 
	7.5
	Discharge of Obligations
	29
	

	 
	 
	 
	 

	ARTICLE 8 TERMINATION, AMENDMENT OR MODIFICATION
	29
	

	 
	 
	 
	 

	 
	8.1
	Termination
	29
	

	 
	 
	 
	 

	 
	8.2
	Amendment
	29
	

	 
	 
	 
	 

	 
	8.3
	Effect of Payment
	30
	

	 
	 
	 
	 

	ARTICLE 9 ADMINISTRATION
	30
	

	 
	 
	 
	 

	 
	9.1
	Plan Administration
	30
	

	 
	 
	 
	 

	 
	9.2
	Powers, Duties and Procedures
	30
	

	 
	 
	 
	 

ii

	
					
	TABLE OF CONTENTS

	(cont)

	 
	 
	 
	 

	 
	9.3
	Administration Upon Change In Control
	31
	

	 
	 
	 
	 

	 
	9.4
	Agents
	31
	

	 
	 
	 
	 

	 
	9.5
	Binding Effect of Decisions
	31
	

	 
	 
	 
	 

	 
	9.6
	Indemnity of Committee
	32
	

	 
	 
	 
	 

	 
	9.7
	Employer Information
	32
	

	 
	 
	 
	 

	 
	9.8
	Coordination with Other Benefits
	32
	

	 
	 
	 
	 

	ARTICLE 10 CLAIMS PROCEDURES
	32
	

	 
	 
	 
	 

	 
	10.1
	Presentation of Claim
	32
	

	 
	 
	 
	 

	 
	10.2
	Decision on Initial Claim
	32
	

	 
	 
	 
	 

	 
	10.3
	Right to Review
	33
	

	 
	 
	 
	 

	 
	10.4
	Decision to Review
	33
	

	 
	 
	 
	 

	 
	10.5
	Form of Notice and Decision
	34
	

	 
	 
	 
	 

	 
	10.6
	Legal Action
	34
	

	 
	 
	 
	 

	ARTICLE 11 TRUST
	34
	

	 
	 
	 
	 

	 
	11.1
	Establishment of the Trust
	34
	

	 
	 
	 
	 

	 
	11.2
	Interrelationship of the Plan and the Trust
	34
	

	 
	 
	 
	 

	 
	11.3
	Distributions from the Trust
	35
	

	 
	 
	 
	 

	ARTICLE 12 MISCELLANEOUS
	35
	

	 
	 
	 
	 

	 
	12.1
	Status of Plan
	35
	

	 
	 
	 
	 

	 
	12.2
	Unsecured General Creditor
	35
	

	 
	 
	 
	 

	 
	12.3
	Employer's Liaiblity
	35
	

	 
	 
	 
	 

	 
	12.4
	Nonassignability
	35
	

	 
	 
	 
	 

	 
	12.5
	Not a Contract of Employment
	35
	

	 
	 
	 
	 

	 
	12.6
	Furnishing Information
	36
	

	 
	 
	 
	 

	 
	12.7
	Receipt and Release
	36
	

	 
	 
	 
	 

iii

	
					
	TABLE OF CONTENTS

	(cont)

	 
	 
	 
	 

	 
	12.8
	Incompetent
	36
	

	 
	 
	 
	 

	 
	12.9
	Governing Law and Severability
	36
	

	 
	 
	 
	 

	 
	12.10
	Notices and Communications
	36
	

	 
	 
	 
	 

	 
	12.11
	Successors
	37
	

	 
	 
	 
	 

	 
	12.12
	Insurance
	37
	

	 
	 
	 
	 

	 
	12.13
	Legal Fees to Enforce Rights After Change in Control
	37
	

	 
	 
	 
	 

	 
	12.14
	Terms
	37
	

	 
	 
	 
	 

	 
	12.15
	Headings
	37
	

iv

WEC ENERGY GROUP 
EXECUTIVE DEFERRED COMPENSATION PLAN
INTRODUCTION
The Plan was established effective January 1, 2005 and is known as the "WEC Energy Group Executive Deferred Compensation Plan."  Prior to January 1, 2016, the Plan was known as the Wisconsin Energy Corporation Executive Deferred Compensation Plan.  
The Plan is maintained by WEC Energy Group, Inc. (the "Company") to provide benefits to a select group of management and highly compensated employees who contribute materially to the continued growth, development and future business success of the Employers.  The Plan shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA").
The Plan is intended to comply with the provisions of section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), and any guidance and regulations issued thereunder.  The Plan shall be interpreted and administered consistent with this intent and shall apply to all amounts deferred under the Plan on or after January 1, 2005.  Such amounts include any amounts previously earned and deferred but not vested as of December 31, 2004 under the Legacy Wisconsin Energy Corporation Executive Deferred Compensation Plan, which the Company froze effective December 31, 2004, and is considered a "grandfathered" plan within the meaning of Code section 409A.  Notwithstanding the foregoing, during the Code section 409A transition period in effect from January 1, 2005 through December 31, 2008, the Company permitted distribution elections and changes consistent with IRS transition relief, the elections and changes of which are otherwise documented via completed election forms.
The Plan was amended and restated effective as of September 8, 2009 to generally require Participants to elect a percentage of various compensation items to be deferred to the Plan for each Plan Year, rather than allowing Participants to elect to defer a fixed dollar amount.  The Plan was further amended and restated effective as of January 1, 2015, to reflect administrative changes and reference a new rabbi trust established by the Company.  Effective as of January 1, 2016, the Plan was again restated to reflect the change in the name of the Company and Plan, to update information on Measurement Funds and to clarify other administrative provisions.  Effective January 1, 2017, the Plan was restated to provide for participation by Former Integrys Employees, to add contributions credits for those employees, to update the definition of Employer and to allow election changes for In-Service Payouts as permitted under Code section 409A.  Effective as of January 1, 2018, the Plan was amended to clarify certain definitions, clarify eligibility for contribution credits for participants in the WEC Energy Group Retirement Savings Plan and to update the claims procedures to reflect changes to the claims procedures for the qualified plans.  These changes are not intended to be material modifications for purposes of Code Section 162(m) as described in Internal Revenue Service Notice 2018-68.

1

ARTICLE 1
DEFINITIONS
Whenever used herein, the following terms have the meanings set forth below, unless a different meaning is clearly required by the context:
		
	1.1
	"Account" shall mean a bookkeeping account established for the benefit of a Participant under Article 4 utilized solely to measure and determine the amounts credited under the Plan on behalf of a Participant or Beneficiary.  A Participant's Account may include one or more of the following sub Accounts, as more fully described in Article 4.

		
	(a)
	Company Contribution Account,

		
	(b)
	Company Matching Account,

		
	(c)
	Deferral Account,

		
	(d)
	Dividend Deferral Account,

		
	(e)
	Performance Share Account,

		
	(f)
	Performance Unit Account, and

		
	(g)
	Restricted Stock Account.

The Account of a Former Integrys Employee or other RSP Participant may include one or more of the following additional sub-Accounts:
		
	(h)
	RSP Matching Contribution Account,

		
	(i)
	Defined Contribution Restoration Account, and

		
	(j)
	Age/Service Point Contribution Account.

		
	1.2
	"Age/Service Point Contribution Credits" shall mean, for any one Plan Year, the amount determined in accordance with section 3.9(b)(ii)(B).

		
	1.3
	"Annual Incentive Plan Award" shall mean any compensation relating to services performed during any Plan Year, whether or not paid in such Plan Year or included on the Form W-2 for such Plan Year, payable to a Participant under the WEC Energy Group Annual Incentive Pay Plan for Non-Executives, as amended from time to time, or any successor to such plan.

		
	1.4
	"Annual Company Contribution Amount" shall mean, for any one Plan Year, the amount determined in accordance with section 3.7.

		
	1.5
	"Annual Deferral Amount" shall mean the portion of a Participant's Base Annual Salary, Annual Incentive Plan Award, STPP Award, and/or Long-Term Performance

2

Award that a Participant elects to defer in accordance with Article 3 for any one Plan Year.
		
	1.6
	"Annual Installment Method" shall mean an annual installment payment over a specified number of years as further described in sections 5.3 and 5.4.  To determine the value of the Participant's Account balance for calculating an installment payment, the Participant's Account balance shall be valued as of the close of business on the last business day of the Plan Year preceding the Plan Year for which payment is to be made.  Notwithstanding the foregoing, when determining the Account balance for calculating the first installment payment for a Participant who is a "specified employee" within the meaning of Code section 409A subject to a payment delay pursuant to section 5.3 or 5.4, the Participant's Account balance shall be valued as of the close of business on the last business day of the calendar quarter preceding the date the first payment is scheduled to occur.  Each annual installment shall be calculated by multiplying the Account balance determined above, as the case may be, by a fraction, the numerator of which is one, and the denominator of which is the remaining number of annual payments due to the Participant.  For example, if a 10 year Annual Installment Method is specified, the first payment shall be 1/10 of the Account balance, valued as described herein.  The following Plan Year, the payment shall be 1/9 of the Account balance, valued as described herein.

		
	1.7
	"Base Annual Salary" shall mean the annual cash compensation relating to services performed during a Plan Year, whether or not paid in, or included on the Form W-2 for, such Plan Year, excluding severance payments, non-qualified supplemental pension payments, performance awards, bonuses, commissions, overtime, fringe benefits, relocation expenses, incentive payments, non-monetary awards, directors' fees and other fees, automobile and other allowances paid to an Eligible Employee for employment services rendered (whether or not such allowances are included in the Eligible Employee's gross income), stock options, restricted stock, performance shares or units, dividends, dividend equivalents and any other equity-based award provided under a plan or arrangement of an Employer.  Base Annual Salary shall include only amounts payable during the Plan Year, shall be calculated before it is deferred or contributed by the Eligible Employee under a qualified or non-qualified plan of an Employer and shall include amounts not otherwise included in the Eligible Employee's gross income under Code sections 125, 132(f)(4), 402(e)(3), 402(h) or 403(b) pursuant to plans established by an Employer; provided, however, that all such amounts shall be included in Base Annual Salary only to the extent that, had there been no such plan, the amount would have been paid in cash to the Eligible Employee during the Plan Year.

		
	1.8
	"Beneficiary" shall mean one or more persons, trusts, estates or other entities designated by the Participant in accordance with Article 7 that are entitled to receive benefits under this Plan upon the death of a Participant.

		
	1.9
	"Board" shall mean the board of directors of the Company.

3

		
	1.10
	"Change in Control" shall mean, with respect to the Company, the occurrence of any one of the following dates, interpreted consistent with Treasury Regulation section 1.409A 3(i)(5).

		
	(a)
	Change in Ownership.  The date any one Person, or more than one Person Acting as a Group, acquires ownership of stock of the Company that, together with stock held by such Person or Group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company.  Notwithstanding the foregoing, for purposes of this paragraph, if any one Person, or more than one Person Acting as a Group, is considered to own more than 50% of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same Person or Persons is not considered to cause a Change in Control.

		
	(b)
	Change in Effective Control.

		
	(i)
	The date any one Person, or more than one Person Acting as a Group, acquires (or has acquired during the 12‐month period ending on the date of the most recent acquisition by such Person or Persons) ownership of stock of the Company possessing 30% or more of the total voting power of the stock of the Company.  Notwithstanding the foregoing, for purposes of this subparagraph, if any one Person, or more than one Person Acting as a Group, is considered to effectively control the Company, the acquisition of additional control of the Company by the same Person or Persons is not considered to cause a Change in Control; or

		
	(ii)
	The date a majority of the members of the Company's Board is replaced during any 12‐month period by directors whose appointment or election is not endorsed by a majority of the members of the Company's Board before the date of the appointment or election.

		
	(c)
	Change in Ownership of a Substantial Portion of the Company's Assets.  The date any one Person, or more than one Person Acting as a Group, acquires (or has acquired during the 12‐month period ending on the date of the most recent acquisition by such Person or Persons) assets from the Company that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions.  For purposes of this paragraph (c), "gross fair market value" means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.  Notwithstanding the foregoing, a transfer of assets is not treated as a Change in Control if the assets are transferred to:

		
	(i)
	An entity that is controlled by the shareholders of the transferring corporation;

4

		
	(ii)
	A shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its stock;

		
	(iii)
	An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company;

		
	(iv)
	A Person, or more than one Person Acting as a Group, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of the Company; or

		
	(v)
	An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (iv).

		
	(d)
	"Person" and "Acting as a Group."

		
	(i)
	For purposes of this section, "Person" shall have the meaning set forth in sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended.

		
	(ii)
	For purposes of this section, Persons shall be considered to be "Acting as a Group" if they are owners of a corporation that enter into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company.  If a Person, including an entity, owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of stock, or similar transaction, such shareholder is considered to be Acting as a Group with the other shareholders only with respect to the ownership in that corporation before the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.  Notwithstanding the foregoing, Persons shall not be considered to be Acting as a Group solely because they purchase or own stock of the same corporation at the same time, or as a result of the same public offering.

		
	1.11
	"Chief Executive Officer" shall mean the Chief Executive Officer of the Company.

		
	1.12
	"Code" shall mean the Internal Revenue Code of 1986, as amended from time to time.

		
	1.13
	"Committee" shall mean an internal administrative committee appointed by the Chief Executive Officer to administer the Plan in accordance with Article 9.

		
	1.14
	"Company" shall mean WEC Energy Group, Inc., a Wisconsin corporation, and any successor to all or substantially all of the Company's assets or business.  Prior to June 29, 2015, the Company was known as Wisconsin Energy Corporation.

		
	1.15
	"Company Matching Amount" shall mean, for any one Plan Year, the amount determined in accordance with section 3.8.

5

		
	1.16
	"Defined Contribution Restoration Credits" shall mean, for any one Plan Year, the amount determined in accordance with section 3.9(b)(ii)(A).

		
	1.17
	"Election Form" shall mean the form or forms established from time to time by the Committee that a Participant completes and submits in accordance with Committee rules to make a deferral election, make or change a payment form election, and/or make or change an investment election.  To the extent authorized by the Committee, such form may be electronic or set forth in some other media or format.

		
	1.18
	"Eligible Employee" shall mean an employee of an Employer who satisfies the eligibility requirements set forth in Article 2.

		
	1.19
	"Employer" shall mean the Company, and/or any of its subsidiaries (now in existence or hereafter formed or acquired) that have employees participating in the Plan.  The Chief Executive Officer or the Board, in its discretion, may exclude one or more subsidiaries from participating in the Plan.

		
	1.20
	"Ending Valuation Date" shall mean the last business day of the Plan Year immediately preceding the Plan Year of distribution of a lump sum payment or final installment payment, as the case may be.

		
	1.21
	"ERISA" shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time.

		
	1.22
	"Former Integrys Employee" shall mean an individual who was employed by an affiliate of Integrys Energy Group, Inc. immediately prior to the merger of the Company with Integrys Energy Group, Inc. on June 29, 2015.

		
	1.23
	"401(k) Plan" shall mean all tax qualified defined contribution retirement plans maintained by the Employer that permit employee elective deferral contributions in accordance with Code section 401(k).

		
	1.24
	"In Service Payout" shall mean distribution of all or a portion of an Annual Deferral Amount (including the related Company Matching Amount or RSP Matching Contribution Credit, if any), as of a specified date elected by a Participant.

		
	1.25
	"Long-Term Performance Award" shall mean any compensation, in addition to Base Annual Salary, Annual Incentive Plan Awards, and/or STPP Awards, relating to services performed during any Plan Year, whether or not paid in such Plan Year or included on the Form W-2 for such Plan Year, payable to a Participant under an Employer's long-term incentive plans as may be in existence from time to time, but excluding severance payments, non-qualified supplemental pension payments, and any stock options or related gains, restricted stock, performance shares or units, dividends, dividend equivalents and any other equity-based award provided under a plan or arrangement of any Employer.

		
	1.26
	"Measurement Funds" shall mean the hypothetical investment funds available under the Plan, as provided in section 4.3, to determine the earnings and losses credited to a Participant's Account.

6

		
	1.27
	"Participant" shall mean a current or former Eligible Employee who participates in the Plan in accordance with Article 2 and maintains an Account balance hereunder.  A spouse or former spouse of a Participant shall not be treated as a Participant in the Plan or have an Account under the Plan, even if the spouse or former spouse has an interest in the Participant's Account as a result of applicable law or property settlements resulting from legal separation or divorce.

		
	1.28
	"Performance Shares" shall mean unvested shares with respect to Stock the amount of which vests based on achievement of certain performance criteria, all as determined under the applicable plan or arrangement of an Employer.

		
	1.29
	"Performance Share Amount" shall mean, for any grant of Performance Shares, the amount that would have been distributed to the Participant, but for an election to defer such amount under the Plan.

		
	1.30
	"Performance Units" shall mean unvested units representing the right to receive a cash payment whereby one unit has a value equal to one share of Stock, the amount of which vests based on achievement of certain performance criteria, all as determined and established pursuant to the applicable plan or arrangement of an Employer.

		
	1.31
	"Performance Unit Amount" shall mean, for any grant of Performance Units, the amount that would have been distributed to the Participant, but for an election to defer such amount under the Plan.

		
	1.32
	"Plan" shall mean the WEC Energy Group Executive Deferred Compensation Plan, including any amendments adopted hereto.  Prior to January 1, 2016, the Plan was known as the Wisconsin Energy Corporation Executive Deferred Compensation Plan.

		
	1.33
	"Plan Year" shall mean the calendar year.

		
	1.34
	"Restricted Stock" shall mean unvested shares of Stock which is restricted stock selected by the Company's Compensation Committee, approved by the Board in its sole discretion, and awarded to the Participant under any Company stock incentive plan or arrangement.

		
	1.35
	"Restricted Stock Amount" shall mean, for any grant of Restricted Stock, the amount equal to the value of such Restricted Stock, calculated using the closing price for the Stock as of the day such Restricted Stock would otherwise vest (if a business day) or as of the next following business day.

		
	1.36
	"Retirement," "Retire(s)" or "Retired" shall mean an Employee's Separation from Service on or after attaining age 55 for any reason other than death. 

		
	1.37
	"RSP Matching Contribution Credits" shall mean, for any one Plan Year, the amount determined in accordance with section 3.9(a).

7

		
	1.38
	"RSP Participant" shall mean a Participant who is also eligible to participate in the WEC Energy Group Retirement Savings Plan, regardless of whether the Participant elected to make elective deferrals to such Plan.

		
	1.39
	"Separation from Service" shall mean the Participant's termination of employment with all Employers and other entities affiliated with the Company, voluntarily or involuntarily, for any reason other than on account of death, or as otherwise provided by the Department of Treasury in regulations promulgated under Code section 409A.  For purposes of the foregoing, whether an entity is affiliated with the Company shall be determined pursuant to the controlled group rules of Code section 414, as modified by Code section 409A.  Unless the employment relationship is terminated earlier by the Employer or the Participant, the following shall apply for determining a Separation from Service under the Plan:

		
	(a)
	Except as provided in paragraph (b), the Participant's employment relationship with the Employer shall be treated as continuing intact while the individual is on a military leave, sick leave or other bona fide leave of absence if the period of such leave does not exceed six months (or longer, if required by statute or contract).  If the period of the leave exceeds six months and the Participant's right to reemployment is not provided either by statute or contract, the employment relationship is deemed to terminate on the first date immediately following such six‐month period.

		
	(b)
	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 Participant to be unable to perform the duties of the Participant's position of employment or any substantially similar position of employment, the Participant's relationship with the Employer shall be treated as continuing intact for a period of 29 months and will be deemed to terminate on the first date immediately following such 29‐month period.

		
	1.40
	"Stock" shall mean WEC Energy Group, Inc. common stock.  Prior to June 29, 2015, "Stock" means Wisconsin Energy Corporation common stock.

		
	1.41
	"STPP Award" shall mean any compensation relating to services performed during any Plan Year, whether or not paid in such Plan Year or included on the Form W-2 for such Plan Year, payable to a Participant under the WEC Energy Group Short-Term Performance Plan, as amended from time to time, or any successor to such plan.

		
	1.42
	"Trust" shall mean any fund created by a rabbi trust agreement established by the Company referencing the Plan, and as amended from time to time.

		
	1.43
	"Unforeseeable Emergency" shall mean, as determined by the Committee in its sole discretion, a severe financial hardship to the Participant resulting from (i) an illness or accident of the Participant, the Participant's spouse, the Participant's Beneficiary, or the Participant's dependent (as defined in Code section 152, without regard to Code section

8

152(b)(1), (b)(2), and (d)(1)(B)); (ii) loss of the Participant's property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by insurance); or (iii) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.
ARTICLE 2
ELIGIBILITY AND PARTICIPATION
		
	2.1
	Selection by Committee.  Participation in the Plan shall be limited to a select group of management and highly compensated employees of the Employer (as defined in ERISA sections 201(2), 301(a)(3) and 401(a)(1)), as determined by the Committee in its sole discretion.  From that group, the Committee shall select the Eligible Employees to participate in the Plan.  The Committee may limit the types of deferrals (identified in Article 3) an Eligible Employee may make under the Plan.  Effective January 1, 2017, Former Integrys Employees and employees hired after June 29, 2015 by former subsidiaries of Integrys Energy Group, Inc. shall be eligible to participate in the Plan, provided such individuals are Eligible Employees.

		
	2.2
	Participation.  To begin participation in the Plan, an Eligible Employee shall properly complete and timely submit an Election Form in accordance with the Committee's rules.  An Eligible Employee shall become a Participant on the first day on which a deferral of an elected amount is first credited to the Participant's Account.  The Committee or its delegate may establish from time to time such other enrollment requirements as it determines in its sole discretion are necessary.  Such Participant shall remain a Participant in the Plan until the Participant's Account balance is paid in full.

		
	2.3
	Deferral Elections.  Election Forms shall be completed and submitted by the time periods set forth in Article 3 for the particular type of compensation elected for deferral or during such other enrollment period as the Committee determines in accordance with such Article.  A Participant may change or revoke a deferral election any time before such election becomes irrevocable, which shall occur as of the applicable deadline specified in Article 3 unless the Committee establishes an earlier deadline.  Unless the Committee determines otherwise, a new Election Form shall be required for each Plan Year in which a Participant requests to defer a type of compensation eligible for deferral.  

		
	2.4
	Form of Payment Elections.  A Participant's Election Form shall specify the form of payment, which shall be paid at the times specified in Article 5.  

		
	(a)
	Duration of Election.  The form of payment elected by the Participant shall govern all amounts credited to the Participant's Account for the Plan Year to which the Election Form applies, and earnings or losses on such amounts.  The form of payment election shall also apply to each subsequent Plan Year's deferrals, and earnings or losses on such amounts, until changed on either a prospective or retroactive basis by the Participant pursuant to section 5.6.  

9

		
	(b)
	Default Form of Payment.  In the event the Participant has not elected a form of payment, all amounts credited to the Participant's Account for the Plan Year, and earnings or losses on such amounts, shall be paid in a single lump sum.  This default form of payment shall apply to each subsequent Plan Year's deferrals, and earnings or losses on such amounts, unless and until the Participant elects a form of payment on a prospective basis or changes the form of payment on a retroactive basis pursuant to section 5.6.

		
	(c)
	Section 409A Transition Period Elections.  Distribution elections made during the Code section 409A transition period that relate to amounts deferred in Plan Years 2005, 2006, 2007 and 2008, as the case may be, shall be honored for such respective amounts, even if such amounts are not credited to a Participant's Account until a later Plan Year.

		
	2.5
	Cessation of Participation.

		
	(a)
	The Committee shall have the sole discretionary authority to exclude a Participant from making further deferrals under the Plan with such exclusion becoming effective as of the first day of the immediately following Plan Year.  Such Participant shall remain a Participant in the Plan until the Participant's Account balance is paid in full.

		
	(b)
	Elective deferrals made by a Participant or Beneficiary who receives a distribution due to an Unforeseeable Emergency pursuant to section 5.8 shall be cancelled due to such distribution if the Committee so decides in its discretion.  In either event, the Participant (or Beneficiary, as applicable) shall remain a Participant in the Plan until the Participant's Account balance is paid in full.

		
	(c)
	Deferrals of Base Annual Salary made by a Participant who receives a distribution from a 401(k) Plan on account of a financial hardship shall be cancelled (and not merely suspended) for the Plan Year due to such distribution if the 401(k) Plan requires the Participant to cease qualified and non-qualified deferrals as a condition of receiving the distribution.  Any deferral election under this Plan that relates to any other type of compensation to be paid within six months following the date of the hardship distribution shall also be cancelled (and not merely suspended).  After the cancellation of a deferral election under this paragraph, a Participant may elect to defer Base Annual Salary to be paid in subsequent Plan Years and other types of compensation to be paid more than six months following the date of the hardship distribution in accordance with the requirements of Article 3, and the rules of Code section 409A and the regulations issued thereunder with respect to "initial deferral elections."    

		
	(d)
	Notwithstanding anything in the Plan to the contrary, upon the earlier to occur of a Participant's Separation from Service or death, any outstanding deferral election shall be given effect to the extent any amounts covered by such election are paid after such event.  Payment of deferred amounts shall be made pursuant to Article 5.

10

ARTICLE 3 
DEFERRALS AND CONTRIBUTIONS
		
	3.1
	Base Annual Salary.

		
	(a)
	For each Plan Year, a Participant may elect to defer in any whole percentage up to 50% of the Participant's Base Annual Salary.  Notwithstanding the foregoing, the Committee, in its sole discretion, may permit a Participant to elect to defer a fixed dollar amount instead of a percentage of the Participant's Base Annual Salary; however such amount may not exceed 50% of the Participant's Base Annual Salary payable for such Plan Year.

		
	(b)
	A Participant's Election Form with respect to the deferral of Base Annual Salary shall be submitted in accordance with procedures established by the Committee before the beginning of each Plan Year in which the Base Annual Salary is earned.

		
	(c)
	Subject to section 2.3, such deferral elections shall be irrevocable as of the first day of the Plan Year to which the Election Form relates.  Elections for Participants are separate and independent elections from an election to defer compensation under the 401(k) Plan.

		
	3.2
	Annual Incentive Plan, STPP or Long‐Term Performance Awards.

		
	(a)
	For each Plan Year, a Participant may elect to defer in any whole percentage up to 50% of the Participant's Annual Incentive Plan, STPP and/or Long‐Term Performance Awards.  Notwithstanding the foregoing, the Committee, in its sole discretion, may permit a Participant to elect to defer a fixed dollar amount instead of a percentage of the Participant's Annual Incentive Plan, STPP and/or Long‐Term Performance Awards; however, such amount may not exceed 50% of the Participant's Annual Incentive Plan, STPP or Long‐Term Performance Award payable for such Plan Year.

		
	(b)
	A Participant's Election Form with respect to the deferral of an Annual Incentive Plan, STPP or Long‐Term Performance Award shall be submitted in accordance with procedures established by the Committee before the beginning of the Plan Year in which the Award is earned.  Notwithstanding the foregoing, to the extent the Committee determines that an Annual Incentive Plan, STPP or Long‐Term Performance Award constitutes "performance based compensation" (within the meaning of Code section 409A and regulations issued thereunder), the Committee may permit a Participant to submit an Election Form on or before a date that occurs no later than six months before the end of the performance period.  In no event shall an Election Form for performance based compensation be submitted and accepted when such compensation is readily ascertainable (within the meaning of Code section 409A and regulations issued thereunder).

11

		
	(c)
	Subject to section 2.3, such deferral elections shall be irrevocable as of the first day of the Plan Year to which the Election Form relates or the deadline established by the Committee for performance‐based compensation, as the case may be.

		
	3.3
	Restricted Stock.

		
	(a)
	The Committee, in its sole discretion, may allow Participants to elect to defer a portion of the Participant's Restricted Stock Amount.  To the extent permitted by the Committee for any applicable grant of Restricted Stock, a Participant may elect to defer in any whole percentage up to 50% of the Participant's Restricted Stock Amount, subject to such other terms or conditions as set forth in the plan or agreement under which such Restricted Stock was granted.  Notwithstanding the foregoing, the Committee, in its sole discretion, may permit a Participant to elect to defer a fixed dollar amount instead of a percentage of the Participant's Restricted Stock Amount.

		
	(b)
	A Participant's Election Form with respect to the deferral of Restricted Stock Amounts shall be submitted in accordance with procedures established by the Committee before the beginning of the Plan Year in which the Restricted Stock is awarded, as determined under the terms of the plan or arrangement.  Notwithstanding the foregoing, at the discretion of the Committee, an Election Form may be submitted within 30 days after the Restricted Stock is awarded, provided that the Restricted Stock's first vesting date is at least 12 months after the date the completed Election Form is delivered to and accepted by the Committee (taking into account any automatic vesting provisions upon certain terminations from employment that may occur before such 12 month period).

		
	(c)
	Subject to section 2.3, such deferral elections shall be irrevocable as of the first day of the Plan Year to which the Election Form relates, or the 30th day after the Restricted Stock is awarded, as the case may be.

		
	3.4
	Performance Shares or Units.

		
	(a)
	The Committee, in its sole discretion, may allow Participants to elect to defer a portion of the Participant's Performance Share or Unit Amount.  To the extent permitted by the Committee, a Participant may elect to defer in any whole percentage up to 50% of the Participant's Performance Share or Unit Amount, as the case may be, subject to such other terms or conditions as set forth in the plan or arrangement under which such Performance Shares were granted.  Notwithstanding the foregoing, the Committee, in its sole discretion, may permit a Participant to elect to defer a fixed dollar amount instead of a percentage of the Participant's Performance Share or Unit Amount.

		
	(b)
	A Participant's Election Form with respect to the deferral of Performance Share Amounts or Performance Unit Amounts shall be submitted in accordance with

12

procedures established by the Committee at the following times, determined at the Committee's discretion:
		
	(i)
	Before the beginning of the Plan Year in which the Performance Shares or Performance Units are awarded, as determined under the terms of the plan or arrangement; or

		
	(ii)
	A date that occurs no later than six months before the end of the performance period for such Award to the extent that the Committee determines that Performance Shares or Performance Units constitute "performance based compensation" (within the meaning of Code section 409A and regulations issued thereunder).  In no event shall an Election Form for performance based compensation be submitted and accepted when such compensation is readily ascertainable (within the meaning of Code section 409A and regulations issued thereunder).

		
	(c)
	Subject to section 2.3, such deferral elections shall be irrevocable as of: (i) the first day of the Plan Year to which the Election Form relates, (ii) the 30th day after the Performance Share or Unit Award was granted, or (iii) the deadline established by the Committee for performance‐based compensation, as the case may be.

		
	3.5
	Dividend Equivalents.

		
	(a)
	The Committee, in its sole discretion, may allow Participants to elect to defer a portion of the dividend equivalents on unvested Performance Shares or Performance Units.  Prior to January 1, 2010, a Participant could elect to defer up to 100% (in whole percentage) of the dividend equivalents on any unvested Performance Shares or Performance Units under a plan or arrangement of an Employer.  

		
	(b)
	If dividend equivalents on Performance Shares and Performance Units were earned and paid annually, a Participant's Election Form with respect to the deferral of such dividend equivalents could be filed with the Committee before the beginning of the Plan Year in which the dividend equivalents to be deferred are otherwise earned and paid.

		
	(c)
	Subject to section 2.3, such deferral elections were irrevocable as of the first day of the Plan Year to which the Election Form relates.

		
	3.6
	Newly‐Eligible Employees.  Notwithstanding anything in the Plan to the contrary, if the Committee, in its sole discretion, designates an employee as newly‐eligible to participate in the Plan effective as of any date other than January 1, the newly-Eligible Employee shall be given 30 days from the date the newly-Eligible Employee becomes eligible to participate in the Plan to complete and submit an Election Form with respect to Base Annual Salary, Annual Incentive Plan Award, STPP Award and/or Long‐Term Performance Award deferrals, and such election shall apply only to amounts paid for services performed after the date on which the election is effective.  Newly‐eligible for

13

participation in the Plan shall be determined under the plan aggregation rules of Code section 409A.
		
	3.7
	Annual Company Contribution Amount.  For each Plan Year, an Employer, in its sole discretion, may, but is not required to, credit any amount it desires as an Annual Company Contribution Amount to the Company Contribution Account of one or more Eligible Employees.  The Annual Company Contribution Amount credited to a Participant may be smaller or larger than the amount credited to any other Participant, and the amount credited to any Participant for a Plan Year may be zero, even though one or more other Participants receive an Annual Company Contribution Amount for that Plan Year.  Crediting of an Annual Company Contribution Amount for one Plan Year does not guarantee an Annual Company Contribution Amount for subsequent Plan Years.  Notwithstanding the foregoing, if any portion of the Annual Company Contribution Amounts credited to a Participant's Company Contribution Account under the Legacy Wisconsin Energy Corporation Executive Deferred Compensation Plan remains unvested as of December 31, 2004, such Amounts shall be treated as contributed under this Plan, and shall be subject to the terms and conditions set forth herein.  Participants shall be permitted to make changes to payment form elections previously filed with respect to such amounts pursuant to section 5.6(c).  

		
	3.8
	Company Matching Amount.  A Company Matching Amount shall be made for a Participant (other than an RSP Participant) for any month in which Base Annual Salary, an Annual Incentive Plan Award and/or an STPP Award is credited to a Participant's Account under this Plan.  If no Base Annual Salary, Annual Incentive Plan Award and/or STPP Award is credited to a Participant's Account in a month, then no Company Matching Amount will be provided for such month. 

		
	(a)
	The Company Matching Amount shall be determined by using the "matching contribution formula" under the WEC Energy Group Employee Retirement Savings Plan (the "ERSP") (previously, the Wisconsin Energy Corporation Employee Retirement Savings Plan), regardless of the actual 401(k) Plan, if any, that applies to the Participant.  Between January 1, 2005 and December 31, 2007 (inclusive), the matching contribution formula under the ERSP is 50% on 6% of eligible compensation.  On and after January 1, 2008, the matching contribution formula under the ERSP is 100% on up to 1% of eligible compensation and 50% on the next 6% of eligible compensation.  Such matching contribution formula is subject to change under the ERSP.  In this regard, any amendment to the ERSP that makes such change shall be incorporated herein by reference effective as of the date of any such change.

		
	(b)
	The formula for a Participant's Company Matching Amount is the applicable matching rate multiplied by "X."  For purposes of the formula, X is the difference between (i) and (ii):

		
	(i)
	the result of the matching contribution formula calculated using the Participant's gross compensation for the month that is eligible under the relevant Employer 401(k) Plan determined before any reduction for

14

deferrals of Base Annual Salary, Annual Incentive Plan Awards and/or STPP Awards, if applicable, under this Plan and without regard to any Code limitations, and
		
	(ii)
	the Participant's "Deemed Maximum Match" ("DMM").  The DMM for any Participant is equal to the result of the matching contribution formula calculated using the Participant's gross compensation for the month that is eligible for matching under the relevant Employer 401(k) Plan.  For purposes of this clause (ii), such Participant's gross compensation shall first be reduced by Base Annual Salary, Annual Incentive Plan Award and/or STPP Award deferrals under this Plan.  Further, for each month in which the DMM is calculated, it will be assumed that the Participant is contributing the necessary elective deferral amount to the relevant 401(k) Plan for such month so that the Participant would receive the maximum match under the ERSP.  Notwithstanding the foregoing, when determining the DMM, the Plan will apply the relevant Code limitations, determined on an annual basis, including maximum Compensation that can be considered under Code section 401(a)(17), and the maximum allowable elective deferral permitted under Code section 402(g).

If the relevant 401(k) Plan does not operate on the calendar year, the Committee in its sole discretion shall determine how the Participant's Company Matching Amount shall be calculated.  The Committee may modify the method of calculating the Company Matching Amount, as it determines necessary, in its sole discretion.
		
	3.9
	Company Contributions for RSP Participants.  RSP Participants (including, but not limited to, Former Integrys Employees) are eligible to receive the following contribution credits:

		
	(a)
	RSP Matching Contribution Credits.

		
	(i)
	Eligibility.  A Participant who also participates in the WEC Energy Group Retirement Savings Plan ("RSP") and who makes Base Annual Salary, Annual Incentive Plan Award and/or STPP Award deferrals under this Plan, shall be entitled to an RSP Matching Contribution Credit if the Participant’s election to defer Base Annual Salary, an Annual Incentive Plan Award and/or an STPP Award under this Plan in any year causes the Participant to receive a smaller matching contribution under the RSP than the matching contribution that the Participant would have received under the RSP for that year if the Participant had instead elected not to defer any portion of the Participant’s Base Annual Salary, Annual Incentive Plan Award and/or STPP Award.  The RSP Matching Contribution Credit will be determined annually and will be allocated to the Participant’s Account as of December 31 of each year.  

15

		
	(ii)
	Amount of Credit.  The RSP Matching Contribution Credit will equal the difference (if any) between:

		
	(A)
	The value of the matching contribution that the Participant would have received under the RSP for the calendar year, based on amounts actually contributed to the RSP, if Base Annual Salary, Annual Incentive Plan Award and STPP Award deferrals made by the Participant under this Plan were instead treated as “compensation” under the RSP for purposes of calculating the Participant’s maximum matching contribution under the RSP;  provided that all limits and restrictions otherwise imposed under the RSP, including the maximum compensation limit under section 401(a)(17) of the Code, shall continue to apply; and

		
	(B)
	The value of the matching contribution actually received by the Participant for that year under the RSP.

Notwithstanding anything to the contrary, a Participant will not be eligible for RSP Matching Contribution Credits if (A) the Participant has been specifically excluded by the Committee, or (B) the Participant is covered under an employment contract or agreement that excludes the Participant from receiving pension restoration, supplemental retirement or similar restoration benefits or credits, or (C) the Participant is covered under an employment contract or agreement that references the Participant’s participation in the Plan generally but does not specifically provide for  the Participant as being eligible for pension restoration, supplemental retirement or similar restoration benefits or credits.

		
	(b)
	Defined Contribution Restoration and Age/Service Point Contribution Credits. 

		
	(i)
	Eligibility.  A Participant who is eligible to make contributions to the RSP may be eligible to receive an additional credit to his or her Account for each year, in accordance with the rules of this section.  Notwithstanding the foregoing, a Participant will not be eligible for  Defined Contribution Restoration Credits or Age/Service Point Contribution Credits if (A) the Participant has been specifically excluded by the Committee, or (B) the Participant is covered under an employment contract or agreement that excludes the Participant from receiving pension restoration, supplemental retirement or similar restoration benefits or credits, or (C) the Participant is covered under an employment contract or agreement that references the Participant’s participation in the Plan generally but does not specifically provide for the Participant as being eligible for pension restoration, supplemental retirement or similar restoration benefits or credits. 

16

		
	(ii)
	Amount of Credits.

		
	(A)
	Defined Contribution Restoration Credits.  If the Participant for any year is eligible to make Participant elective deferral or other contributions to the RSP and to receive a matching contribution under the RSP with respect to such amounts, the Participant shall receive a Defined Contribution Restoration Credit under this Plan equal to five percent (5%) of the Participant’s compensation for the year in excess of the Code section 401(a)(17) limitation in effect for such year.  For this purpose, the Participant’s compensation shall be the Participant’s compensation as defined in the RSP, except that Base Annual Salary, Annual Incentive Plan Award and STPP Award deferrals made by the Participant under this Plan shall be treated as if they had been paid to the Participant in cash.  This credit is to approximately reflect the matching contribution that the Participant could have received under RSP if the Participant had been permitted to make contributions to the RSP without being subject to the limitations under Code sections 401(a)(17), 402(g), 415 or any limitation under the Code.  The Defined Contribution Restoration Credit will be determined annually and will be allocated to the Participant’s Account as of December 31 of each year.

		
	(B)
	Age/Service Point Contribution Credit.  If the Participant for any year is eligible for and receives an Age/Service Point Contribution under the RSP and if the Participant’s allocation under the RSP is limited because of the limitations of Code section 401(a)(17) or 415, the Participant shall receive an additional credit under this Plan equal to the difference between (1) the Age/Service Point Contribution that would have been allocated to the Participant for the year under the RSP if the Code section 401(a)(17) and 415 limitations did not apply and if Base Annual Salary, Annual Incentive Plan Award and STPP Award deferrals made by the Participant under this Plan during such year are treated as if they had been paid to the Participant in cash, and (2) the Age/Service Point Contribution to which the Participant is actually entitled for such year under the RSP.  The Age/Service Point Contribution Credit will be determined annually and will be allocated to the Participant’s Account no later than the end of the first quarter of the calendar year following the year for which the credit is being determined.

17

ARTICLE 4 
ACCOUNTS
		
	4.1
	Establishment of Accounts.  Bookkeeping accounts shall be established for each Participant to reflect the deferrals of amounts made for the Participant's benefit, together with adjustments for income, gains or losses attributable thereto, and any payments from the Plan.  Accounts are established solely for the purpose of tracking deferrals made by Participants or contributions made by an Employer and any income adjustments thereto.  The Accounts shall not be used to segregate assets for payment of any amounts deferred or allocated under the Plan, and shall not constitute or be treated as a trust fund of any kind. 

		
	4.2
	Vesting.  A Participant shall be vested and have a nonforfeitable right to the amounts credited to the Participant's sub-Accounts, adjusted for deemed income, gains and losses attributable thereto, as follows:

		
	(a)
	Company Contribution Account. 

		
	(i)
	Vesting Schedule.  A Participant shall be vested and have a nonforfeitable right to amounts credited, if any, in  the Participant's Company Contribution Account in accordance with the vesting schedule, if any, set forth in the Participant's Election Form or other written agreement with such Participant.  

		
	(ii)
	Separation from Service.  If a Participant Separates from Service for any reason other than Retirement or death before the last day of a Plan Year, any Annual Company Contribution Amount previously credited for that Plan Year shall be forfeited and become zero, unless the Employer in its sole discretion determines otherwise.

		
	(iii)
	Change in Control.  In the event of a Change in Control, amounts credited to a Participant's Company Contribution Account shall immediately become 100% vested.  Notwithstanding the foregoing, the vesting schedule for a Participant's Annual Company Contribution Amounts shall not be accelerated to the extent that the Committee determines that such acceleration would cause the deduction limitations of Code section 280G to become effective.  If all of a Participant's Annual Company Contribution Amounts are not vested pursuant to such a determination, the Participant may request independent verification of the Committee's calculations with respect to the application of Code section 280G.  In such case, the Committee shall provide to the Participant within 15 business days of such request an opinion (which need not be unqualified) of the Company's independent auditors, which opinion shall state that any limitation in the vested percentage hereunder is necessary to avoid the limits of Code section 280G and contain supporting calculations.  The cost of such opinion shall be paid by the Company.

18

		
	(b)
	Defined Contribution Restoration Account and Age/Service Point Contribution Account.  A Participant will have a vested and nonforfeitable right to the credits made to the Participant's Defined Contribution Restoration Account and/or Age/Service Point Contribution Account, and any deemed investment gains or losses, if the Participant terminates employment with the Company and its Affiliates after having completed at least three (3) years of service.  If the Participant terminates employment prior to completing three (3) years of service, the credits made to the Participant's Defined Contribution Restoration Account and/or Age/Service Point Contribution Account, together with all deemed investment gains or losses, shall be forfeited.

		
	(c)
	Other Accounts.  A Participant shall at all times be 100% vested and have a nonforfeitable right to amounts credited to the Participant's Company Matching Account, RSP Matching Contribution Account, Deferral Account, Dividend Deferral Account, Performance Share Account, Performance Unit Account and Restricted Stock Account. 

		
	4.3
	Deemed Investments.  Subject to paragraphs (b) and (h) below, and 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 in accordance with the following rules.  The Committee's discretion includes the right to supersede the specific rights identified below, with or without retroactive effect:

		
	(a)
	Measurement Funds.  Amounts credited to each Participant's Account shall be deemed invested, in accordance with the Participant's directions, in Measurement Funds that are available under the Plan.  The hypothetical investment funds available under the Plan shall be those designated by the Committee, from time to time in its discretion, following recommendations by the WEC Energy Group Investment Trust Policy Committee.  Subject to paragraphs (b) and (h) below, a Participant may elect one or both of the following Measurement Funds for the purpose of crediting additional amounts to the Participant's Account:   (i) the Prime Rate Fund (described as a mutual fund that is 100% invested in a hypothetical debt instrument which earns interest at an annualized interest rate equal to the "Prime Rate" as reported each business day by the Wall Street Journal, with interest deemed reinvested in additional units of such hypothetical debt instrument), or (ii) a Company Stock Measurement Fund (described as a mutual fund that is 100% invested in shares of Stock, with dividends deemed reinvested in additional shares of Stock).  

Prior to January 1, 2015, additional Measurement Funds selected the Committee were available under the Plan.  Investment allocations in place on December 31, 2014 for discontinued Measurement Funds shall remain in effect until changed by the Participant.  However, such investment allocations shall not apply to any deferrals or contributions credited under the Plan after December 31, 2014.  A Participant may change the allocation of the Participant's Account from the discontinued Measurement Funds to either the Prime Rate Fund or the Company Stock Measurement Fund in accordance with paragraph (c) below; no other

19

changes are permitted.  Once a Participant elects to change the allocation of amounts from discontinued Measurement Funds to the Prime Rate Fund or the Company Stock Measurement Fund, such amounts cannot be reallocated to the discontinued Measurement Funds.
Subject to paragraphs (b) and (h) below, the Committee may, in its sole discretion, discontinue, substitute or add a Measurement Fund, subject to advance notice to Participants if the Committee determines, in its sole discretion, that such notice is necessary.  The Committee also may suspend (i.e., freeze) an existing Measurement Fund at any time, subject to advance notice if the Committee determines necessary, thereby freezing the Measurement Fund as to the crediting of additional deemed investments subsequent to the effective date of the suspension.
		
	(b)
	Special Rule for Restricted Stock and Performance Share Amounts.  Notwithstanding any provision of this Plan to the contrary, the Participant's Restricted Stock Amounts and Performance Share Amounts deferred under the Plan that would have otherwise been distributed in Stock shall be deemed invested in the Company Stock Measurement Fund at all times before distribution from this Plan.  Further, the Participant's Restricted Stock and Performance Share Amounts shall be distributed from this Plan in the form of cash.

		
	(c)
	Election of Measurement Funds.  Subject to paragraphs (b) and (h), a Participant shall elect on the Participant's initial Election Form Measurement Funds to be used to determine the additional amounts to be credited to the Participant's Account, unless changed pursuant to rules as the Committee shall determine, in its discretion, from time to time.  However, subject to paragraphs (b) and (h) and any rules and procedures established from time to time by the Committee in its sole discretion, the Participant may elect to add or delete one or more Measurement Funds to be used to determine the additional amounts to be credited to the Participant's Account, or to change the portion of the Account allocated to each previously or newly elected Measurement Fund.  Such rules may include, but are not limited to, rules and/or trading policies that govern the timing, frequency, and manner in which elections are made to allocate or reallocate deemed investment amounts among the Measurement Funds, and may be modified at any time and from time to time by the Committee in its sole discretion.  If an election is made to change a Measurement Fund, it shall become effective and apply thereafter in accordance with the rules of the Committee for all subsequent periods in which the Participant participates in the Plan, unless changed in accordance with the previous provisions.  All rights of a Participant or any other person to elect or change the Measurement Funds under this section shall be deemed to have ceased as of the Ending Valuation Date and no adjustment in the value of an Account balance shall be considered for any purpose under the Plan after such Ending Valuation Date.  If a Participant fails to elect a Measurement Fund for all or a portion of the Participant's Account, the amounts for which there is no valid election shall be deemed invested in the Prime Rate Fund.

20

		
	(d)
	Proportionate Allocation.  In making any election described in paragraph (c) above, the Participant shall specify on the Election Form, in increments of 1%, the percentage of the Participant's 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 the Participant's Account balance).

		
	(e)
	Crediting or Debiting Method.  The performance of each elected Measurement Fund (either positive or negative) shall be determined by the Committee, in its sole discretion, based on the performance of the Measurement Funds themselves.  A Participant's Account shall be credited or debited on a periodic basis based on the performance of each Measurement Fund selected by the Participant, as determined by the Committee in its sole discretion, provided that no adjustment in the value of a Participant's Account balance shall be considered after the Ending Valuation Date.

		
	(f)
	No Actual Investment.  Notwithstanding any other provision of this Plan to the contrary, the Measurement Funds shall be used for measurement purposes only, and a Participant's election of any Measurement Fund, the allocation of the Participant's Account thereto, the calculation of additional amounts and the crediting or debiting of such amounts to a Participant's Account shall not be considered or construed in any manner as an actual investment of the Participant's Account balance in any such Measurement Fund.  If the Employer or the trustee of the Trust, in its sole 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.  Notwithstanding the foregoing, a Participant's Account balance shall at all times be a bookkeeping entry only and shall not represent any investment made on the Participant's behalf by the Employer or the trustee; the Participant shall at all times remain an unsecured creditor of the Company.

		
	(g)
	Investment of Trust Assets.  If the Committee deposits amounts in a Trust, the trustee of the Trust shall be authorized, upon written instructions received from the Committee or an investment manager appointed by the Committee, to invest and reinvest the assets of the Trust in accordance with the applicable Trust Agreement, including the disposition of Stock and reinvestment of the proceeds in one or more investment vehicles designated by the Committee.

		
	(h)
	Special Considerations for Participants Subject to Section 16 of the Securities Exchange Act of 1934.  In order for any deferral election under this Plan by a Participant who is an officer subject to the reporting requirements and trading restrictions of Section 16 of the Securities Exchange Act of 1934 ("Section 16") to conform to Section 16, the Participant shall consult with the Company's designated individual responsible for Section 16 reporting and compliance before making any election to move any part of the Participant's Account into or out of the Company Stock Measurement Fund.  The Company reserves the right to impose such restrictions as it determines necessary, in its sole discretion, on any elections, transactions or other matters under this Plan relating to the Company

21

Stock Measurement Fund to comply with or qualify for exemption under Section 16.
		
	4.4
	Taxes.  A Participant's Employer shall withhold from a Participant's non‐deferred compensation any employment taxes the Employer is required to withhold with respect to amounts deferred under the Plan at the times required under applicable regulations promulgated by the Department of the Treasury.  To the extent not previously withheld, the Employer, 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, 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 or the trustee of the Trust, as the case may be.

ARTICLE 5 
DISTRIBUTION OF ACCOUNT
		
	5.1
	Time for Distribution.  Except as otherwise provided in section 5.8, distribution of a Participant's Account shall be made on the earliest to occur of:

		
	(a)
	The date elected by a Participant under section 5.2 with respect to an In‐Service Payout;

		
	(b)
	The date set forth in section 5.3 with respect to the Participant's Retirement;

		
	(c)
	The date set forth in section 5.4 with respect to the Participant's Separation from Service;

		
	(d)
	The date set forth in section 5.5 with respect to the Participant's death; or

		
	(e)
	The date set forth in section 5.9 with respect to a Separation from Service after a Change in Control.

Notwithstanding any other provision of the Plan to the contrary, in no event shall the distribution of any Account be accelerated to a time earlier than which it would otherwise have been paid, whether by amendment of the Plan, exercise of the Committee's discretion or otherwise, except as permitted by section 5.10 or Treasury Regulations issued pursuant to Code section 409A.
		
	5.2
	In‐Service Payout.  A Participant may irrevocably select, on the Participant's Election Form, a Plan Year to receive a lump‐sum In‐Service Payout of all or part of an Annual Deferral Amount (including Company Matching Amounts or RSP Matching Contribution Credits thereto).  The earliest Plan Year in which a Participant can elect an In‐Service Payout is the third Plan Year after the Plan Year in which the deferral actually occurs.  For example, an election to defer Base Annual Salary in December 2015 that is actually deferred in 2016 may be distributed no earlier than in 2019.  Payment shall be made during the first 90 days of the Plan Year elected for distribution.

22

		
	5.3
	Benefits Upon Retirement.  Upon a Participant's Retirement, the Participant's Account shall be paid or begin to be paid during the first 90 days of the Plan Year following the Plan Year of the Participant's Retirement.  Notwithstanding the foregoing, distributions made to "specified employees" (determined pursuant to Treasury Regulation section 1.409A‐1(i)) upon Retirement shall be paid or begin to be paid no earlier than the first day of the seventh month following the Participant's Retirement, unless the Participant dies during such six‐month period in which case section 5.5 shall apply.  Subsequent installment payments shall be made thereafter during the first 90 days of the Plan Year in which the installment is due.

Payment shall be made in such form as determined below, taking into account any changes to an elected form of payment pursuant to section 5.6.
		
	(a)
	A Participant's Account balance shall be paid in a lump sum if:

		
	(i)
	timely elected by the Participant pursuant to the Plan,

		
	(ii)
	the Participant's Account balance at the time of Retirement is $10,000 or less even if the Participant elected an installment payment form, or

		
	(iii)
	no valid payment election is in effect when distribution is to be made.

		
	(b)
	Subject to paragraph (a)(ii) and section 5.9, a Participant may elect to receive payment of the Participant's Account balance in any number of installments up to ten.  The amount of each installment shall be determined using the Annual Installment Method.

		
	5.4
	Benefits Upon Separation from Service.  Upon a Participant's Separation from Service for any reason other than Retirement or death, the Participant's Account shall be paid or begin to be paid during the first 90 days of the Plan Year following the Plan Year of the Participant's Separation from Service.  Notwithstanding the foregoing, distributions made to "specified employees" (determined pursuant to Treasury Regulation section 1.409A‐1(i)) upon such separation shall be paid or begin to be paid no earlier than the first day of the seventh month following the Participant's Separation from Service unless the Participant dies during such six‐month period in which case section 5.5 shall apply.  If an Annual Installment Method is in effect, subsequent installment payments shall be made thereafter during the first 90 days of the Plan Year in which the installment is due.

Payment shall be made in such form as determined below, taking into account any changes to an elected form of payment pursuant to section 5.6.
		
	(a)
	A Participant's Account balance shall be paid in a lump sum if:

		
	(i)
	timely elected by the Participant pursuant to the Plan,

23

		
	(ii)
	the Participant's Account balance at the time of Separation from Service is $25,000 or less even if the Participant elected an installment payment form, or

		
	(iii)
	no valid payment election is in effect when distribution is to be made.

		
	(b)
	Subject to paragraph (a)(ii) and section 5.9, a Participant may elect to receive payment of the Participant's Account balance in five installments.  The amount of each installment shall be determined using the Annual Installment Method.

		
	5.5
	Benefits Upon Death.  Upon the Participant's death, the Plan Administrator shall pay to the Participant's Beneficiary a benefit equal to the remaining balance in the Participant's Account.  Payment shall be made in accordance with the provisions below.

		
	(a)
	Death While In Pay Status or After a Separation from Service.  If the Participant dies after commencing an installment form of payment, but before the entire benefit is paid in full, the Participant's unpaid installment payments shall continue to be paid to the Participant's Beneficiary over the remaining number of years as that benefit would have been paid to the Participant had the Participant survived.  In the event a Participant dies after a Separation from Service, but before actual payment is made or begins, this paragraph shall apply and payment to the Participant's Beneficiary shall be paid or begin to be paid at the same time as if the Participant had survived.

		
	(b)
	Death Prior to a Separation from Service.  If a Participant dies prior to a Separation from Service, the Participant's Account shall be paid or begin to be paid to the Participant's Beneficiary during the first 90 days of the Plan Year following the Plan Year of the Participant's death, regardless of whether the Participant is a specified employee.  Payment shall be made in such form as determined below, taking into account any changes to an elected form of payment pursuant to section 5.6. 

		
	(i)
	A Participant's Account balance shall be paid to the Participant's Beneficiary in a lump sum if:

(A)    timely elected by the Participant pursuant to the Plan,
		
	(B)
	the Participant's Account balance at the time of death is $25,000 or less even if the Participant elected an installment payment form, or

		
	(C)
	no valid payment election is in effect when distribution is to be made.

		
	(ii)
	Subject to clause (i)(B), a Participant may elect payment of the Participant's Account balance upon death in any number of installments up to ten.  The amount of each installment shall be determined using the Annual Installment Method.

24

		
	5.6
	Changes to Form of Payment.

		
	(a)
	Prospective Changes.  A Participant may select an alternate form of payment for amounts not yet subject to an irrevocable election in accordance with the rules for completing and submitting elections in section 2.3 and Article 3.

		
	(b)
	Retroactive Changes.  A Participant may elect to change the form of payment for amounts that are subject to a deferral election that is irrevocable:

		
	(i)
	A Participant who has elected a lump sum distribution may later change such election to an installment payment, provided the first installment payment shall be deferred to a date that is at least five years after the date the lump sum distribution would otherwise have been made.

		
	(ii)
	A Participant who has an installment election in effect may change such election to a lump sum payment, provided the lump sum payment shall be deferred to a date that is at least five years after the date the initial installment payment would otherwise have commenced.

		
	(iii)
	A Participant who has an installment election for payment upon Retirement, may change the number of installments, provided that the first installment payment shall be deferred to a date that is at least five years after the date the initial installment payment would otherwise have commenced.

Any such election changes pursuant to this paragraph shall be completed in accordance with Committee rules and must be made at least 12 months before the event triggering distribution occurs.  Therefore, if the event triggering distribution occurs before such 12 month period has elapsed, then the election to change the payment form shall not take effect.  Notwithstanding anything in this paragraph (b) to the contrary, the five‐year delay described above shall not apply to changes in the form of payment upon death.
		
	(c)
	Changes Pursuant to Section 409A Transition Relief.  Notwithstanding the foregoing provisions of this section, on or before December 31, 2008, Participants may make changes to payment form elections previously filed with respect to amounts deferred under the Plan that relate to Plan Years 2005, 2006, 2007 and 2008 consistent with transition relief provided by the Department of the Treasury in Notice 2006‐79, Notice 2007‐86 and proposed regulations promulgated under Code section 409A.  If a Participant makes such a change, then the last election validly in effect as of December 31, 2008 shall be treated as the "initial" election for purposes of applying the rules set forth in paragraph (b).

		
	5.7
	Changes to Timing of In-Service Payout.

		
	(a)
	Prospective Changes.  A Participant may select a Plan Year to receive a lump‐sum In‐Service Payout for amounts not yet subject to an irrevocable election in

25

accordance with the rules for completing and submitting elections in section 2.3 and Article 3.
		
	(b)
	Retroactive Changes.  Effective January 1, 2017, a Participant may elect to change the Plan Year to receive a lump‐sum In‐Service Payout for amounts that are subject to a deferral election that is irrevocable, provided the payment shall be deferred at least five Plan Years after the Plan Year the lump sum distribution would otherwise have been made.

Any such election changes pursuant to this paragraph shall be completed in accordance with Committee rules, must be made no less than 12 months prior to the Plan Year for the In-Service Payout (e.g., no later than January 1, 2018 to defer an In-Service Payout payable for the 2019 Plan Year) and cannot take effect until at least 12 months after the election change is made.  
		
	5.8
	Unforeseeable Emergency.  A Participant may request that all or a portion of the Participant's Account be distributed in a lump sum at any time by submitting a request to the Committee in a form and manner acceptable to the Plan Administrator demonstrating that the Participant has suffered an Unforeseeable Emergency, and that the distribution is necessary to alleviate the financial hardship created by the Unforeseeable Emergency.  

		
	(a)
	The Committee shall have the sole discretionary authority to determine whether a Participant has suffered an Unforeseeable Emergency, which shall be determined based on the relevant facts and circumstances of each case.  In making such a determination, no distribution pursuant to this section shall be made to the extent that such Unforeseeable Emergency is or may be relieved through reimbursement or compensation by insurance or otherwise, or by liquidation of the Participant's assets (unless such liquidation itself would cause a severe financial hardship), or by the cessation of deferrals under the Plan.  In this regard, all deferral elections scheduled for the remainder of the Plan Year in which such distribution is made shall be cancelled.  If a Participant's outstanding deferral election is cancelled, a Participant shall be required to make a new election pursuant to Articles 2 and 3 to resume active participation in the Plan.

		
	(b)
	Upon a finding that the Participant has suffered an Unforeseeable Emergency, the Committee shall distribute to the Participant the lesser of (i) the portion of the Participant's Account that is necessary to satisfy the Unforeseeable Emergency, plus taxes attributable thereto or (ii) the Account balance.  Distributions made pursuant to this section shall be made within 90 days after the Committee has reviewed and approved the request.

		
	5.9
	Change in Control.  Notwithstanding any other provision of the Plan to the contrary, in the event a Participant incurs a Separation from Service within 18 months after a Change in Control, the Employer shall distribute the Participant's entire Account in a lump sum payment within 90 days after such Separation from Service.  Notwithstanding the foregoing, distributions made to "specified employees" (determined pursuant to Treasury Regulation section 1.409A‐1(i)) upon Separation from Service shall be paid or begin to

26

be paid no earlier than the first day of the seventh month following the Participant's Separation from Service, unless the Participant dies during such six‐month period in which case section 5.5 shall apply.
		
	5.10
	Discretion to Accelerate Distribution.

		
	(a)
	The Committee shall have the discretion to make a distribution, or accelerate the time or schedule of payment, from a Participant's Account if payment is required for:

		
	(i)
	FICA, FUTA and/or the corresponding withholding provisions of applicable state and local taxes with respect to compensation deferred under the Plan.  Any such distribution shall not exceed the aggregate of such tax withholding and shall reduce the Participant's Account balance to the extent of such distributions; or

		
	(ii)
	payment of state, local or foreign tax obligations arising from participation in the Plan that apply to an amount deferred under the Plan and FUTA resulting from such payment.  Any such payment shall not exceed the amount of such taxes due as a result of Plan participation.

		
	(b)
	The Committee or a Plan representative is authorized to accelerate the time or schedule of a payment under the Plan to an individual other than the Participant, or to make a payment under the Plan to an individual other than the Participant, to the extent necessary to fulfill a domestic relations order (as defined in Code section 414(p)(1)(B)).  Payment to an alternate payee under a domestic relations order shall be made in a lump sum within 90 days after the Committee or Plan representative approves such order.

		
	(c)
	The Committee shall have the discretion to accelerate the time or schedule of a payment under the Plan if the Plan fails to meet the requirements of Code section 409A and regulations promulgated thereunder, provided that any such payment does not exceed the amount required to be included in income as a result of such failure.

ARTICLE 6 
LEAVE OF ABSENCE
If a Participant is authorized by an Employer to take a paid or unpaid bona fide leave of absence for any reason, the employment relationship is treated as continuing intact and deferral elections shall remain in force if the period of such leave does not exceed six months, or, if longer, so long as the Participant retains a right to reemployment under an applicable statute or by contract.  If the Participant is on a leave of absence during the time for filing Election Forms, the Participant shall be permitted to complete an Election Form for the upcoming Plan Year.  Upon return from leave, deferrals shall occur pursuant to the Election Form in effect for that Plan

27

Year.  If no election was made for the Plan Year in which the Participant returns from leave, no deferral shall be withheld.
If the leave of absence exceeds six months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the Participant shall be deemed to have incurred a Separation from Service as of the first date immediately following such six‐month period.  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 Participant to be unable to perform the duties of the Participant's position of employment or any substantially similar position of employment, the Participant's relationship with the Employer shall be treated as continuing intact for a period of up to 29 months, unless earlier terminated by the Employer or Participant.  In this event, the Participant's Account shall be distributed pursuant to section 5.3 or 5.4, as applicable.
ARTICLE 7
BENEFICIARY DESIGNATION 
		
	7.1
	Beneficiary.  Each Participant may, at any time, designate one or more Beneficiaries (both primary as well as contingent) to receive any benefits payable under the Plan upon the Participant's death.  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.

		
	7.2
	Beneficiary Designation; Change.  A Participant shall designate a Beneficiary by submitting a Beneficiary designation in a form and manner approved by the Committee or its designated agent.  To the extent authorized by the Committee, such designation may be electronic or set forth in some other media or format.  A Participant may change a Beneficiary designation in accordance with the Committee's rules and procedures, as in effect from time to time.  Upon the acceptance by the Committee of a new Beneficiary designation, all Beneficiary designations previously submitted shall be canceled.  The Committee shall rely on the last completed Beneficiary designation submitted by the Participant before the Participant's death.  In the event of a Participant's divorce, any designation of the Participant's former spouse as a Beneficiary shall be deemed void unless after the divorce the Participant completes a new designation naming such former spouse as a Beneficiary.  

		
	7.3
	No Beneficiary Designation.  If a Participant fails to designate a Beneficiary as provided in this Article 7 or, if all designated Beneficiaries predecease the Participant or die before complete distribution of the Participant's Account, then the remaining benefits in the Participant's Account shall be paid to the Participant's surviving spouse, if none, to the Participant's descendants by right of representation or, if none, to the Participant's next of kin determined pursuant to the laws of the state in which the Company's principal place of business is located as if the Participant had died unmarried and intestate.  

28

		
	7.4
	Doubt as to Beneficiary.  If the Committee has any doubt as to the proper Beneficiary to receive payments under this Plan, the Committee may, in its sole discretion, require the Participant's Employer to withhold such payments until the matter is resolved to the Committee's satisfaction. 

		
	7.5
	Discharge of Obligations.  The complete 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 the Participant's Election Form shall terminate upon such full payment of benefits.  

ARTICLE 8
TERMINATION, AMENDMENT OR MODIFICATION 
		
	8.1
	Termination.

		
	(a)
	Although each Employer anticipates that it will continue the Plan for an indefinite period of time, there is no guarantee that an 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 participation in the Plan and/or to terminate the Plan at any time with respect to all of its participating Eligible Employees, by action of its board of directors or compensation committee.  Upon the termination of the Plan with respect to any Employer, any elections to defer compensation under the Plan of Participants who are employed by that Employer shall terminate as of the last day of the Plan Year containing the termination date.  The termination of the Plan shall not reduce the amount of any benefit the Participant or Beneficiary is entitled to receive under the Plan as of the termination date.  Except as provided in paragraph (b) below, Account balances shall be maintained under the Plan until such amounts would otherwise have been distributed in accordance with the terms of the Plan and Participants' validly filed payment elections.

		
	(b)
	Notwithstanding any provision in the Plan to the contrary, upon termination of the Plan, the Board or Compensation Committee of the Company reserves the discretion to accelerate distribution of Participants' Account (including those Participants in pay status pursuant to an installment election) in accordance with regulations promulgated by the Department of the Treasury under Code section 409A.

		
	8.2
	Amendment.  The Company may, in its sole discretion, amend or modify the Plan at any time, in whole or in part, by action of its Board, Compensation Committee or the Committee; provided, however, that no amendment shall decrease the amount of any Participant's Account as of the date of the amendment.  Further, during the pendency of a Potential Change in Control (as defined below) and at all times following a Change in Control, no amendment or modification may be made which in any way adversely affects the interests of any Participant with respect to amounts credited to such Participant's

29

Account as of the date of the amendment.  A "Potential Change in Control" shall be deemed to have occurred if one of the following events occurs:
		
	(a)
	The Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control;

		
	(b)
	The Company or any Person publicly announces an intention to take or to consider taking actions which, if consummated, would constitute a Change in Control;

		
	(c)
	Any Person becomes the Beneficial Owner (within the meaning of Rule 13d‐3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of Stock representing 15% or more of either the then outstanding shares of stock of the Company or the combined voting power of the Company's then outstanding Stock (not including the Stock beneficially owned by such Person or any Stock acquired directly from the Company or its affiliates); or

		
	(d)
	The Board adopts a resolution to the effect that, for purposes of this Plan, a Potential Change in Control has occurred.

Except as otherwise noted, the capitalized terms in the above definition have the same meaning as set forth in section 1.10.  The Company's power to amend or modify the Plan includes the power to suspend or freeze participation in the Plan, provided such suspension or freeze does not cause a prohibited acceleration of compensation under Code section 409A.  In such circumstance, the Company may, in its sole discretion, reinstitute the ability of any Participant or group of Participants to make deferrals under Article 3 at any time, provided such action is taken consistent with Code section 409A.  Such action may be taken by the Board, the Company's Compensation Committee or the Committee.
		
	8.3
	Effect of Payment.  The full payment of the Participant's Account under any provision of the Plan shall completely discharge the Plan's and Employer's obligations to the Participant and the Participant's Beneficiaries under this Plan and the Participant's Election Forms shall terminate.

ARTICLE 9
ADMINISTRATION
		
	9.1
	Plan Administration.  Except as otherwise provided in this Article 9, the Plan shall be administered by the Committee.  Members of the Committee may be Participants under this Plan.  Any individual serving on the Committee who is a Participant shall not vote or act on any matter relating solely to such individual.  The Chief Executive Officer may not act on any matter involving such officer's own participation in the Plan.  All references to the Committee shall be deemed to include reference to the Chief Executive Officer.

		
	9.2
	Powers, Duties and Procedures.  The Committee (or the Chief Executive Officer if such individual chooses to so act) shall have full and complete discretionary authority to

30

(i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of the Plan, and (ii) decide or resolve any and all questions including interpretations of the Plan, as may arise in connection with the claims procedures set forth in Article 10 or otherwise with regard to the Plan.  The Committee shall have complete control and authority to determine the rights and benefits of all claims, demands and actions arising out of the provisions of the Plan of any Participant or Beneficiary or other person having or claiming to have any interest under the Plan.  When making a determination or calculation, the Committee may rely on information furnished by a Participant or the Employer.  Benefits under the Plan shall be paid only if the Committee decides in its sole discretion that the Participant or Beneficiary is entitled to them.  The Committee or the Chief Executive Officer may delegate such powers and duties as it determines for the efficient administration of the Plan.
		
	9.3
	Administration Upon Change In Control.  For purposes of this Plan, the Company shall be the "Administrator" at all times before a Change in Control.  Upon and after a Change in Control, the Administrator shall be an independent third party selected by the individual who, at any time before such event, was the Company's Chief Executive Officer or, if there is no such officer or such officer does not act, by the Company's then highest ranking officer (the "Appointing Officer").  Upon a Change in Control, the Administrator shall have full and complete 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 a Change in Control, the Company shall (i) pay all reasonable administrative expenses and fees of the Administrator; (ii) indemnify the Administrator against any costs, expenses and liabilities (including, without limitation, attorney's fees) of whatever kind and nature which may be imposed on, asserted against or incurred by the Administrator in connection with the performance of the duties hereunder, except with respect to matters resulting from the gross negligence or willful misconduct of the Administrator or its employees or agents; and (iii) supply full and timely information to the Administrator on all matters relating to the Plan, the Trust, the Participants and their Beneficiaries, the Account balances of the Participants, including the dates of Retirement, Disability, death or Separation from Service 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) only by an Appointing Officer.  Upon and after a Change in Control, the Administrator may not be terminated by the Company.

		
	9.4
	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 an Employer.

		
	9.5
	Binding Effect of Decisions.  Notwithstanding any other provision of the Plan to the contrary, the Committee or its delegate shall have complete discretion to interpret the Plan and to decide all matters under the Plan.  Any such interpretation shall be final, conclusive and binding on all Participants, Beneficiaries and any person claiming under

31

or through any Participant, in the absence of clear and convincing evidence that the Committee acted arbitrarily and capriciously.
		
	9.6
	Indemnity of Committee.  All Employers shall indemnify and hold harmless the members of the Committee, and any other employee to whom the duties of the Committee may be delegated, and the Administrator, as defined in section 9.3, 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 or any such employee or the Administrator.  

		
	9.7
	Employer Information.  To enable the Committee and/or Administrator to perform its functions, each Employer shall supply full and timely information to the Committee on all matters relating to the compensation of its Participants, the dates of the Retirement, disability, death or Separation from Service and such other pertinent information as the Committee may reasonably require.

		
	9.8
	Coordination with Other Benefits.  The benefits provided to a Participant and the Beneficiary under the Plan are in addition to any other benefits available to such Participant under any other plan or program for employees of an 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 10
CLAIMS PROCEDURES 
		
	10.1
	Presentation of Claim.  Any Participant or Beneficiary (such Participant or Beneficiary being referred to below as a "Claimant") may deliver to the Committee a written claim for benefits.  If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within 90 days after such notice was received by the Claimant.  All other claims shall be made within 180 days of the date on which the event that caused the claim to arise occurred.  The claim shall state with particularity the determination desired by the Claimant.  A claim shall be considered to have been made when a written communication made by the Claimant or the Claimant's representative is received by the Committee.

		
	10.2
	Decision on Initial Claim.  The Committee shall consider a Claimant's claim and provide written notice to the Claimant of any denial within a reasonable time, but no later than 90 days after receipt of the claim.  If an extension of time beyond the initial 90‐day period for processing is required, written notice of the extension shall be provided to the Claimant before the initial 90‐day period expires indicating the special circumstances requiring an extension of time and the date by which the Committee expects to render a final decision.  In no event shall the period, as extended, exceed 180 days.  If the Committee denies, in whole or in part, the claim, the notice shall set forth in a manner calculated to be understood by the Claimant:

		
	(a)
	The specific reasons for the denial of the claim, or any part thereof;

32

		
	(b)
	Specific references to pertinent Plan provisions upon which such denial was based;

		
	(c)
	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

		
	(d)
	An explanation of the claim review procedure set forth in section 10.3 below, which explanation shall also include a statement of the Claimant's right to bring a civil action under ERISA section 502(a) following a denial of the claim upon review.

		
	10.3
	Right to Review.  A Claimant is entitled to appeal any claim that has been denied in whole or in part.  To do so, the Claimant must submit a written request for review with the Committee within 60 days after receiving a notice from the Committee that a claim has been denied, in whole or in part.  Absent receipt by the Committee of a written request for review within such 60‐day period, the claim shall be deemed to be conclusively denied.  The Claimant (or the Claimant's duly authorized representative) may:

		
	(a)
	Review and/or receive copies of, upon request and free of charge, all documents, records, and other information relevant to the Claimant's claim;

		
	(b)
	Submit written comments, documents, records or other information relating to the Claimant's claim, which the Committee shall take into account in considering the claim on review, without regard to whether such information was submitted or considered in the initial review of the claim; and/or

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

If a Claimant requests to review and/or receive copies of relevant information pursuant to paragraph (a) above before filing a written request for review, the 60‐day period for submitting the written request for review will be tolled during the period beginning on the date the Claimant makes such request and ending on the date the Claimant reviews or receives such relevant information.
		
	10.4
	Decision on Review.  The Committee shall render its decision on review promptly, and not later than 60 days after it receives a written request for review of the denial, unless a hearing is held or other special circumstances require additional time.  In such case, the Committee will notify the Claimant, before the expiration of the initial 60‐day period and in writing, of the need for additional time, the reason the additional time is necessary, and the date (no later than 60 days after expiration of the initial 60‐day period) by which the Committee expects to render its decision on review.  Notwithstanding the foregoing, if the Committee determines that an extension of the initial 60‐day period is required due to the Claimant's failure to submit information necessary for the Committee to decide the claim, the time period by which the Committee must make its determination on review shall be tolled from the date on which the notification of the extension is sent to the Claimant until the date on which the Claimant responds to the request for additional

33

information.  The decision on review shall be written in a manner calculated to be understood by the Claimant, and shall contain:
		
	(a)
	Specific reasons for the decision;

		
	(b)
	Specific references to the pertinent Plan provisions upon which the decision was based;

		
	(c)
	A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records or other information relevant (within the meaning of Department of Labor Regulation section 2560.503‐1(m)(8)) to the Claimant's claim;

		
	(d)
	A statement of the Claimant's right to bring a civil action under ERISA section 502(a) following a wholly or partially denied claim for benefits; and

		
	(e)
	Such other matters as the Committee deems relevant.

		
	10.5
	Form of Notice and Decision.  Any notice or decision by the Committee under this Article 10 may be furnished electronically in accordance with Department of Labor Regulation section 2520.104b‐(1)(c)(i), (iii) and (iv).

		
	10.6
	Legal Action.  Any final decision by the Committee shall be binding on all parties.  A Claimant's compliance with the foregoing provisions of this Article 10 is a mandatory prerequisite to a Claimant's right to commence any legal action with respect to any claim for benefits under this Plan.  Any such legal action must be initiated no later than 365 days after the Committee renders its final decision.  If a final determination of the Committee is challenged in court, such determination shall not be subject to de novo review and shall not be overturned unless proven to be arbitrary and capricious based on the evidence considered by the Committee at the time of such determination.  Any claim or action by a Claimant relating to or arising under the Plan can only be brought in the U.S. District Court for the Eastern District of Wisconsin, and this court has personal jurisdiction over any Claimant named in the action.

ARTICLE 11
TRUST
		
	11.1
	Establishment of the Trust.  The Company may establish a Trust and, if established, each Employer shall contribute such amounts to the Trust from time to time as it deems desirable.

		
	11.2
	Interrelationship of the Plan and the Trust.  The provisions of the Plan 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.

34

		
	11.3
	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 12
MISCELLANEOUS 
		
	12.1
	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 for tax purposes and "is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees" (within the meaning of ERISA).  The Plan shall be administered and interpreted in a manner consistent with that intent.

		
	12.2
	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, Company or of any other person and nothing in the Plan shall be construed to give any employee or any other person such rights.  The Plan constitutes a mere promise by the Company or Employer to make payments in accordance with the terms of the Plan and Participants and Beneficiaries shall have the status of general unsecured creditors solely of the Employer employing the Participant.

		
	12.3
	Employer's Liability.  The liability of an Employer for the payment of benefits shall be defined only by the Plan and any Election Forms, as entered into between the Employer and a Participant.  An Employer shall have no obligation to a Participant under the Plan except as expressly provided in the Plan.

		
	12.4
	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 to the maximum extent allowed by law.  No part of the amounts payable shall, before 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, nor shall any part of the same, to the maximum extent allowed by law, be transferable by operation of law in the event of a Participant's or any other person's bankruptcy or insolvency or, except as provided in section 5.10(b), be transferable to a spouse as a result of a property settlement or otherwise.

		
	12.5
	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 notice, unless expressly provided in a written employment agreement between an Employer and a Participant.  Nothing in this Plan shall be deemed to give a Participant the right to be retained in the service of any

35

Employer as an employee, or to interfere with the right of any Employer to discipline or discharge the Participant at any time, with or without cause, or to modify the Base Annual Salary, Annual Incentive Plan Awards, STPP Awards, or Long‐Term Performance Awards at any time.
		
	12.6
	Furnishing Information.  A Participant or Beneficiary shall 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.

		
	12.7
	Receipt and Release.  Any payment to any Participant or Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against the Employer, the Committee and a trustee (if any) under the Plan, and the Committee may require such Participant or Beneficiary, as a condition precedent to such payment, to execute a receipt and release to such effect.

		
	12.8
	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 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.

		
	12.9
	Governing Law and Severability.  To the extent not preempted by ERISA, the provisions of this Plan shall be construed, administered and interpreted according to the internal laws of the State of Wisconsin without regard to its conflicts of laws principles.  If any provision is held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions hereof shall continue to be fully effective.

		
	12.10
	Notices and Communications.  All notices, statements, reports and other communications from the Committee to any employee, Participant, Beneficiary or other person required or permitted under the Plan shall be deemed to have been duly given when personally delivered to, when transmitted via facsimile or other electronic media or when mailed overnight or by first‐class mail, postage prepaid and addressed to, such employee, Participant, Beneficiary or other person at the last known address on the Employer's or Company's records.  All elections, designations, requests, notices, instructions and other communications from a Participant, Beneficiary or other person to the Committee required or permitted under the Plan shall be in such form as is prescribed from time to time by the Committee, and shall be mailed by first‐class mail, transmitted via facsimile or other electronic media or delivered to such location as shall be specified by the Committee.  Such communication shall be deemed to have been given and delivered only upon actual receipt by the Committee at such location.

36

		
	12.11
	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.

		
	12.12
	Insurance.  An Employer, on its own behalf or on behalf of the trustee of the Trust, and, in its sole discretion, may apply for and procure insurance on the life of the Participant, in such amounts and in such forms as the Employer may choose.  The Employer or the trustee of the Trust, as the case may be, shall be the sole owner and beneficiary of any such insurance.  The Participant shall have no interest whatsoever in any such policy or policies, and at the request of the Employer shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to whom the Employer has applied for insurance.  The Participant may elect not to be insured.

		
	12.13
	Legal Fees to Enforce Rights After Change in Control.  The Employer is aware that upon the occurrence of a Change in Control, the Board (which might then be composed of new members) or a shareholder of the Employer, or of any successor corporation, might then cause or attempt to cause the Employer or such successor to refuse to comply with its obligations under the Plan and might cause or attempt to cause the Employer to institute, or may institute, litigation seeking to deny Participants the benefits intended under the Plan.  In these circumstances, the purpose of the Plan could be frustrated.  Accordingly, if, following a Change in Control, it should appear to any Participant that the Employer or any successor corporation has failed to comply with any of its obligations under the Plan or any agreement thereunder or, if the Employer or any other person takes any action to declare the Plan void or unenforceable or institutes any litigation or other legal action designed to deny, diminish or to recover from any Participant the benefits intended to be provided, then the Employer irrevocably authorizes such Participant to retain counsel of the Participant's choice at the expense of the Employer (who shall be jointly and severally liable for all reasonable fees of such counsel) to represent such Participant in connection with the initiation or defense of any litigation or other legal action, whether by or against the Employer or any director, officer, shareholder or other person affiliated with the Employer or any successor thereto in any jurisdiction.  If paid by the Participant, the Employer shall reimburse such legal fees no later than December 31st of the year following the year in which the expense was incurred.

		
	12.14
	Terms.  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.

		
	12.15
	Headings.  Headings and subheadings in the Plan are inserted for convenience only and shall not control or affect the meaning or construction of any of its provisions.

37

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