Document:

Exhibit 10(i)(2)

                      American Electric Power Company, Inc.
                          Stock Unit Accumulation Plan
                           For Non-Employee Directors
                            (As Amended June 1, 2000)

                                    Article 1
                                     Purpose

      The purposes of this American  Electric  Power  Company,  Inc.  Stock Unit
Accumulation  Plan For  Non-Employee  Directors  (the  "Plan") are to enable the
Company  to  attract  and  retain  qualified  persons  to serve as  Non-Employee
Directors,  to solidify the common interests of its  Non-Employee  Directors and
shareholders by enhancing the equity  interest of Non-Employee  Directors in the
Company, and to encourage the highest level of Non-Employee Director performance
by providing  such  Non-Employee  Directors  with a proprietary  interest in the
Company's  performance  and progress by paying a portion of the  compensation of
the Non-Employee Directors in deferred Stock Units.

                                    Article 2
                                 Effective Date

The Plan shall be effective as of January 1, 1997.

                                    Article 3
                                   Definitions

Whenever  used in the  Plan,  the  following  terms  shall  have the  respective
meanings set forth below:

3.1   "Account"  means,  with  respect to each  Participant,  the  Participant's
      separate  individual account  established and maintained for the exclusive
      purpose of accounting for the Participant's award of Stock Units.

3.2   "Beneficiary"  means, with respect to each  Participant,  the recipient or
      recipients  designated by the Participant who are, upon the  Participant's
      death,  entitled  in  accordance  with the  Plan's  terms to  receive  the
      benefits to be paid with respect to the Participant.

3.3   "Board" means the Board of Directors of the Company.

3.4   "Committee" means the Committee on Directors of the Board.

3.5   "Common Stock" means the common stock, $6.50 par value, of the Company.

3.6   "Company"  means  American  Electric  Power  Company,  Inc.,  a New York
      corporation, and any successor thereto.

3.7   "Director" means an individual who is a member of the Board.

3.8   "Market  Value" means the closing price of the Common Stock,  as published
      in The Wall  Street  Journal  report  of the New  York  Stock  Exchange  -
      Composite  Transactions  on the date in question  or, if the Common  Stock
      shall not have been traded on such date or if the New York Stock  Exchange
      is closed on such  date,  then the  first day prior  thereto  on which the
      Common Stock was so traded.

3.9   "Non-Employee  Director"  means any person who serves on the Board and who
      is not an officer of the Company or employee of its Subsidiaries.

3.10  "Participant" means any Non-Employee  Director who has received an award
      of Stock Units.

3.11  "Retainer"  means the  designated  annual cash  retainer,  currently  paid
      quarterly, for Non-Employee Directors established from time to time by the
      Board  as  annual   compensation  for  services  rendered,   exclusive  of
      compensation  for service as a member of any  committee  designated by the
      Board  or  in  connection  with  any  meeting  of  the  Board  or  special
      assignment,  and  exclusive of  reimbursements  for  expenses  incurred in
      performance of service as a Director.

3.12  "Stock  Unit"  means a measure  of value,  expressed  as a share of Common
      Stock, credited to a Participant under this Plan. No certificates shall be
      issued with respect to such Stock Units,  but the Company shall maintain a
      bookkeeping  Account  in the name of the  Participant  to which  the Stock
      Units shall relate.

3.13  "Subsidiary"  means any  corporation in which the Company owns directly or
      indirectly  through  its  Subsidiaries,  at least 50  percent of the total
      combined  voting  power of all  classes  of  stock,  or any  other  entity
      (including,  but not limited to, partnerships and joint ventures) in which
      the Company owns at least 50 percent of the combined equity thereof.

3.14  "Termination" means retirement from the Board or termination of service as
      a Director for any other reason.

                                    Article 4
                                Stock Unit Awards

4.1   Annual Awards

Each Non-Employee  Director's  Account shall be credited with 750 Stock Units as
of the  first day of the  month in which  the  Director  becomes a member of the
Board, and on the first day of such month for each year thereafter. In the event
of a change in the  Retainer,  the Committee  may  reconsider  the amount of the
annual  awards  and may  recommend  to the Board  changes in the number of Stock
Units to be awarded.

4.2   Retirement Program Termination Awards

On and as of December 31, 1996, each Non-Employee  Director serving as such on
such date who makes or has made an  irrevocable  election  by January 31, 1997
to waive  participation  in, and any and all  benefits  under,  the  Company's
Retirement  Plan for  Directors,  shall have  credited  to the Account of such
Participant,  as of January 1, 1997,  the number of vested and  nonforfeitable
Stock  Units as  follows:  R. M.  Duncan  3,000;  R. W. Fri 600;  A. G. Hansen
3,000;  L. A. Hudson,  Jr. 3,000;  A. E. Peyton 3,000;  D. G. Smith 900; L. G.
Stuntz 1,200; M. Tanenbaum 2,400; and A. H. Zwinger 3,000.

                                    Article 5
                            Dividends and Adjustments

5.1   Reinvestment of Dividends

On each dividend payment date with respect to the Common Stock, the Account of a
Participant, with Stock Units held pursuant to Article 4, shall be credited with
an  additional  number of whole and  fractional  Stock Units,  computed to three
decimal  places,  equal to the product of the dividend  per share then  payable,
multiplied by the number of Stock Units then  credited to such Account,  divided
by the Market Value on the dividend payment date.

5.2   Adjustments

The number of Stock  Units  credited  to a  Participant's  Account  pursuant  to
Article 4 shall be appropriately  adjusted for any change in the Common Stock by
reason of any merger, reclassification,  consolidation,  recapitalization, stock
dividend, stock split or any similar change affecting the Common Stock.

                                    Article 6
                             Payment of Stock Units

6.1   Manner of Payment Upon Termination

Stock Units held in a Participant's  Account shall be paid to the Participant in
a lump sum in cash within 10 days after the Participant's Termination unless the
Participant  has filed an  election  with the  Company to defer such  payment as
provided in the following  sentence.  The Participant may elect (a) to defer the
lump sum payment  for one or more years up to a maximum of five years  following
Termination  or (b) to  receive  payment  of the Stock  Units in up to 10 annual
installments commencing within 10 days after Termination or the deferred payment
date  elected by the  Participant  pursuant  to part (a) of this  sentence.  The
election to defer payment beyond the  Participant's  Termination must be made at
least one year prior to such Termination.

6.2   Manner of Payment Upon Death

Notwithstanding  the Participant's  election,  if a Participant dies while Stock
Units are held in the Participant's Account, such Stock Units, whether vested or
unvested and forfeitable, will be paid in a lump sum in cash within 90 days from
the date of the  Participant's  death to the  Beneficiary  or the  Participant's
estate,  as the case may be. Upon  application  of the  Beneficiary or the legal
representative of the Participant's estate, the lump sum payment may be deferred
beyond 90 days for good cause if the Committee consents to such deferral.

6.3   Determination

Any cash payments of Stock Units shall be calculated on the basis of the average
of the Market  Value of the Common  Stock for the last 20 trading  days prior to
the  Participant's   Termination,   deferred   distribution   date,   respective
installment  payment dates or the date of the  Participant's  death, as the case
may be.

                                    Article 7
                             Beneficiary Designation

Each  Participant  shall be entitled to designate a Beneficiary or Beneficiaries
(which  may be an  entity  other  than a  natural  person)  who,  following  the
Participant's  death,  will be entitled to receive any payments to be made under
Section 6.2. At any time, and from time to time, any  designation may be changed
or  cancelled by the  Participant  without the consent of any  Beneficiary.  Any
designation,  change,  or cancellation  must be by written notice filed with the
Company and shall not be effective until received by the Company.  Payment shall
be made in accordance with the last unrevoked written designation of Beneficiary
that has been signed by the  Participant and delivered by the Participant to the
Company prior to the  Participant's  death. If the  Participant  designates more
than one Beneficiary,  any payments under Section 6.2 to the Beneficiaries shall
be made in equal shares unless the  Participant  has  designated  otherwise,  in
which  case the  payments  shall be made in the  proportions  designated  by the
Participant.  If no  Beneficiary  has been  named by the  Participant  or if all
Beneficiaries  predecease  the  Participant,   payment  shall  be  made  to  the
Participant's estate.

                                    Article 8
                          Transferability Restrictions

The Plan shall not in any  manner be liable  for,  or subject  to, the debts and
liabilities of any Participant or  Beneficiary.  No payee may assign any payment
due such party under the Plan.  No benefits at any time  payable  under the Plan
shall be subject  in any manner to  anticipation,  alienation,  sale,  transfer,
assignment, pledge, attachment,  garnishment, levy, execution, or other legal or
equitable process, or encumbrance of any kind.

                                    Article 9
                                 Funding Policy

The Company's  obligations  under the Plan shall be totally unfunded so that the
Company or any  Subsidiary is under merely a  contractual  duty to make payments
when due under the Plan.  The promise to pay shall not be  represented  by notes
and shall not be secured in any way.

                                   Article 10
                                Change in Control

Notwithstanding  any  provision  of this Plan to the  contrary,  if a "Change in
Control"  (as  defined  below) of the  Company  occurs,  Stock  Units  held in a
Participant's Account, whether vested or unvested and forfeitable,  will be paid
in a lump sum in cash to the  Participant  not later than 15 days after the date
of the Change in Control.  For this purpose, the balance in the Account shall be
determined  by the higher of (a) the  average of the Market  Value of the Common
Stock for the last 20 trading days prior to such Change in Control or (b) if the
Change in  Control  of the  Company  occurs as a result of a tender or  exchange
offer or  consummation of a corporate  transaction,  then the highest price paid
per share of Common Stock pursuant thereto.  Any  consideration  other than cash
forming  a part or all of the  consideration  for the  Common  Stock  to be paid
pursuant to the applicable  transaction  shall be valued at the valuation  price
thereon determined by the Board.

In addition,  the Company shall  reimburse a Participant  for the legal fees and
expenses  incurred if the  Participant  is required to seek to obtain or enforce
any  right  to  distribution.  In the  event  that it is  determined  that  such
Participant  is  properly  entitled  to  a  cash  distribution  hereunder,  such
Participant  shall also be  entitled  to  interest  thereon at the prime rate of
interest as published in The Wall Street  Journal plus two percent from the date
such  distribution  should have been made to and  including the date it is made.
Notwithstanding  any provisions of this Plan to the contrary,  the provisions of
this  Article may not be amended by an  amendment  effected  within  three years
following a Change in Control.

A "Change in Control" of the Company shall be deemed to have occurred if (a) any
"person" or "group"  (as such terms are used in Sections  13(d) and 14(d) of the
Securities  Exchange Act of 1934,  as amended  ("Exchange  Act")),  other than a
trustee or other fiduciary holding  securities under an employee benefit plan of
the Company,  becomes the "beneficial owner" (as defined in Rule 13d-3 under the
Exchange  Act),  directly  or  indirectly,  of more than 25  percent of the then
outstanding  voting  stock  of  the  Company;  (b)  during  any  period  of  two
consecutive  years,  individuals who at the beginning of such period  constitute
the Board,  together with any new  Directors  whose  election or nomination  for
election was approved by a vote of at least  two-thirds  of the  Directors  then
still in office who were  either  Directors  at the  beginning  of the period or
whose election or nomination for election was previously so approved,  cease for
any reason to constitute at least a majority of the Board;  or (c) the Company's
shareholders  approve a merger or  consolidation  of the Company  with any other
corporation,  other than a merger or  consolidation  which  would  result in the
voting  securities  of  the  Company   outstanding   immediately  prior  thereto
continuing to represent  (either by remaining  outstanding or by being converted
into voting securities of the surviving entity) at least 75 percent of the total
voting  power  represented  by the  voting  securities  of the  Company  or such
surviving entity outstanding immediately after such merger or consolidation;  or
(d) the  shareholders of the Company  approve a plan of complete  liquidation of
the Company,  or an agreement for the sale or disposition by the Company (in one
transaction  or a series of  transactions)  of all or  substantially  all of the
Company's assets.

Notwithstanding the foregoing,  a Change in Control shall not be deemed to occur
as a result of any event  described in (a) or (c) above, if Directors who were a
majority  of the  members of the Board  prior to such event and who  continue to
serve as  Directors  after  such  event  determine  that  the  event  shall  not
constitute a Change in Control.

                                   Article 11
                                 Administration

The Plan  shall be  administered  by the  Committee.  The  Committee  shall have
authority to interpret the Plan,  and to prescribe,  amend and rescind rules and
regulations   relating  to  the   administration  of  the  Plan,  and  all  such
interpretations,  rules and  regulations  shall be conclusive and binding on all
Participants. The Committee may employ agents, attorneys,  accountants, or other
persons (who also may be employees of a Subsidiary)  and allocate or delegate to
them powers,  rights, and duties, all as the Committee may consider necessary or
advisable to properly carry out the administration of the Plan.

                                   Article 12
                            Amendment and Termination

The Company,  by  resolution  duly  adopted by the Board,  shall have the right,
authority  and power to alter,  amend,  modify,  revoke,  or terminate the Plan;
except as provided in Article 10; and  provided  further,  that no  amendment or
termination  of the Plan shall  adversely  affect the rights of any  Participant
with respect to any Stock Units held in such Participant's  Account,  unless the
Participant shall consent thereto in writing.

                                   Article 13
                                  Miscellaneous

13.1  No Right to Continue as a Director

Nothing in this Plan shall be construed as  conferring  upon a  Participant  any
right to continue as a member of the Board.

13.2  No Interest as a Shareholder

Stock Units do not give a  Participant  any rights  whatsoever  with  respect to
shares of Common Stock.

13.3  No Right to Corporate Assets

Nothing  in this  Plan  shall  be  construed  as  giving  the  Participant,  the
Participant's  designated  Beneficiaries  or any  other  person  any  equity  or
interest of any kind in the assets of the Company or any  Subsidiary or creating
a trust of any kind or a fiduciary  relationship of any kind between the Company
or any  Subsidiary  and any person.  As to any claim for  payments due under the
provisions of the Plan, a Participant,  Beneficiary and any other persons having
a claim  for  payments  shall  be  unsecured  creditors  of the  Company  or any
Subsidiary.

13.4  Payment to Legal Representative for Participant

In the event the Committee  shall find that a Participant  is unable to care for
his or her affairs because of illness or accident, the Committee may direct that
any payment due the  Participant  be paid to the  Participant's  duly  appointed
legal representative, and any such payment so made shall be a complete discharge
of the liabilities of the Plan.

13.5  No Limit on Further Corporate Action

Nothing contained in the Plan shall be construed so as to prevent the Company or
any Subsidiary  from taking any corporate  action which is deemed by the Company
or any Subsidiary to be appropriate or in its best interest.

13.6  Governing Law

The Plan shall be construed and administered  according to the laws of the State
of New York to the extent that those laws are not  preempted  by the laws of the
United States of America.

13.7  Headings

The headings of articles,  sections,  subsections,  paragraphs or other parts of
the  Plan are for  convenience  of  reference  only  and do not  define,  limit,
construe, or otherwise affect its contents.EXHIBIT 10(j)(1)(A)
                         AMERICAN ELECTRIC POWER SYSTEM
                               EXCESS BENEFIT PLAN

                  AMENDED AND RESTATED AS OF JANUARY 1, 2001

                                    ARTICLE I

                           Purposes and Effective Date

      1.1 The American  Electric Power System Excess Benefit Plan is established
to  provide  Supplemental  Retirement  Benefits  for  eligible  employees  whose
retirement  benefits from the American Electric Power System Retirement Plan are
restricted due to limitations imposed by provisions of the Internal Revenue Code
or who are entitled to  Supplemental  Retirement  Benefits under the terms of an
employment agreement between the eligible employee and an employer.

      1.2 The effective  date of the Excess  Benefit Plan is January 1, 1990 and
the effective date of this amended and restated Plan is January 1, 2001.

                                   ARTICLE II

                                   Definitions

      2.1 "Accredited Service" means the period of time taken into account under
the terms of the Retirement  Plan for the purpose of computing a Retirement Plan
benefit under either the Cash Balance Formula or the Final Average Pay Formula.

      2.2 "Base Compensation" means a Participant's  regular base salary or wage
including  any salary or wage  reductions  made  pursuant  to  sections  125 and
402(e)(3) of the Code and  contributions  to the American  Electric Power System
Supplemental  Retirement  Savings Plan;  and excluding  bonuses (such as but not
limited to project bonuses and sign-on  bonuses),  compensation paid pursuant to
the terms of an annual compensation plan, performance pay awards, severance pay,
relocation  payments,  or any other form of additional  compensation that is not
considered to be part of base salary or base wage.

      2.3 "Cash Balance  Formula" means the cash balance benefit formula used to
calculate benefits under the Retirement Plan effective for Plan Years commencing
after December 31, 2000.

      2.4 "Code" means the Internal  Revenue Code of 1986,  as amended from time
to time.

      2.5  "Committee" means the Employee Benefit Trusts Committee.

      2.6 "Company"  means the American  Electric Power Service  Corporation and
its subsidiaries and affiliates who adopt the Excess Benefit Plan.

      2.7  "Corporation" means the American Electric Power Company, Inc., a
New York corporation, and its affiliates and subsidiaries.

      2.8  "Employment  Contract"  means a contract  between  the  Company and a
Participant  that  provides  the  Participant  with a  non-qualified  retirement
benefit.

      2.9 "ERISA" means the Employee  Retirement  Income Security Act of 1974 as
amended from time to time.

      2.10 "Excess Benefit Plan" means the American Electric Power System Excess
Benefit Plan, as amended or restated from time to time.

      2.11  "Final  Average  Pay  Formula"  means the final  average pay benefit
formula used to calculate benefits under the Retirement Plan.

      2.12 "Incentive  Compensation" means incentive  compensation paid pursuant
to  the  terms  of  an  annual  incentive   compensation  plan,   provided  that
compensation  shall not include  non-annual  bonuses (such as but not limited to
project bonuses and sign-on bonuses), severance pay, relocation payments, or any
other form of additional  compensation that is not considered to be part of Base
Compensation.  An Incentive Compensation award, the payment of which is deferred
according to the terms of the plan or by the election of the Participant,  shall
be  deemed  earned at the end of the Plan  Year for the  Incentive  Compensation
Plan.

      2.13 "Lump Sum  Benefit"  means  under the Final  Average  Pay Formula the
present  value  of  the  difference   between  the  Participant's   Supplemental
Retirement  Benefit  calculated  using  the  Retirement  Plan  early  retirement
reduction factors from age 65 to age 55 and, if necessary,  actuarially  reduced
from age 55 to the  date the  Supplemental  Retirement  Benefit  is paid and the
Participant"s Supplemental Retirement Benefit actuarially reduced from age 65 to
the date the  Supplemental  Retirement  Benefit is paid; or, when applicable for
computing the pre-retirement  surviving spouse annuity, the present value of the
difference  between 50% of the  Participant's  Supplemental  Retirement  Benefit
calculated using the Retirement Plan early retirement reduction factors from age
65 to  age  55  and,  if  necessary,  actuarially  reduced  from  age  55 to the
Participant's  date  of  death  and (b)  50% of the  Participant's  Supplemental
Retirement Benefit actuarially reduced from age 65 to the date the Participant's
date of death.

      2.14 "Maximum  Benefit"  means the maximum  early,  normal,  disability or
deferred  vested  retirement  benefit  permitted  by the  Code  to be  paid to a
Participant  from the Retirement Plan under either the Final Average Pay Formula
or the Cash Balance Formula upon the Participant's early, normal,  disability or
deferred retirement or the pre-retirement  surviving spouse annuity permitted by
the Code to be paid to the Surviving Spouse upon the death of the Participant.

      2.15  "Participant"  means any exempt salaried employee of the Company who
is a  participant  in the  Retirement  Plan,  and  for  purposes  of  earning  a
Supplemental Retirement Benefit under:

(a)      the Final  Average Pay Formula,  whose Base  Compensation  for the Plan
         Year exceeds the  limitation of section  401(a)(17) of the Code, or who
         is entitled to a Supplemental  Retirement Benefit under the terms of an
         Employment Contract, or

(b)      the Cash  Balance  Formula,  whose  Base  Compensation  plus  Incentive
         Compensation  for the Plan  Year  exceeds  the  limitation  of  section
         401(a)(17) of the Code.

If in any Plan  Year  after a  salaried  employee  becomes  a  Participant,  the
Participant's Base Compensation or Base Compensation plus Incentive Compensation
is lower than the compensation  limits imposed by section 401(a)(17) of the Code
due to an increase in the 401(a)(17)  limits, the Participant shall nevertheless
continue  as a  Participant  in the Excess  Benefit  Plan until the  Participant
terminates employment or the Excess Benefit Plan is terminated.

      2.16 "Plan Year" means the  calendar  year  commencing  each January 1 and
ending each December 31.

      2.17 "Retirement Plan" means the American Electric Power System Retirement
Plan, as amended from time to time.

      2.18  "Supplemental  Retirement  Benefit" means the difference between the
Participant's  Unrestricted Benefit and the Participant's  Maximum Benefit under
either the Cash Balance Formula or Final Average Pay Formula.

      2.19  "Surviving  Spouse" means the spouse of a Participant who is legally
married to the  Participant  and whose marriage to the  Participant  occurred at
least  one  year  prior  to the  earlier  of the  Participant's  termination  of
employment or death.

      2.20  "Unrestricted  Benefit"  means  the  early,  normal,  disability  or
deferred vested retirement benefit payable to a Participant upon a Participant's
early,  normal,  disability or deferred vested retirement or the  pre-retirement
surviving  annuity  payable  to the  Surviving  Spouse  upon  the  death  of the
Participant under the terms of the Retirement Plan Cash Balance Formula or Final
Average Pay Formula  assuming (i) the Code  restrictions on benefits that can be
provided by the Retirement  Plan under either benefit formula are not applicable
and (ii)  the  maximum  compensation  upon  which  the  benefit  is based is the
Participant's  Base  Compensation  and Incentive  Compensation up to one million
dollars or the  non-qualified  retirement  benefit provided for in an Employment
Agreement.

                                   ARTICLE III

                                    Benefits

      3.1 An employee  who was a  Participant  in the Excess  Benefit Plan as of
December 31, 2000 shall accrue a benefit under both the Cash Balance Formula and
the Final  Average Pay Formula as of January 1, 2001 and shall be entitled to an
account  balance  adjustment for the  Participant"s  cash balance account in the
Excess Benefit Plan as described in the Retirement Plan

      An employee  who was not a  Participant  in the Excess  Benefit Plan as of
December 31, 2000 and who becomes a  Participant  after  December 31, 2000 shall
accrue a benefit under the Excess Benefit Plan as follows:

(a)       If  the  Participant's  Base  Compensation  exceeds  the  compensation
          limitation  of section  401(a)(17)  of the Code prior to December  31,
          2010, the  Participant  shall accrue a benefit under the Final Average
          Pay Formula, or

(b)       If the Participant's  Base  Compensation  plus Incentive  Compensation
          exceeds  the  compensation  limit  of  401(a)(17)  of  the  Code,  the
          Participant shall accrue a benefit under the Cash Balance Formula.

No Participant  shall accrue a benefit under the Final Average Pay Formula after
December 31, 2010.

      3.2 Upon a Participant's  normal retirement,  in accordance with the terms
of the  Retirement  Plan,  the  Participant  shall be entitled to a Supplemental
Retirement  Benefit  under either the Cash Balance  Formula or the Final Average
Pay  Formula,  as  elected  by the  Participant,  reduced  by any  qualified  or
non-qualified  retirement  benefits the  Participant is entitled to receive from
any prior employer as identified in an Employment Contract.

      3.3 Upon a Participant's early retirement, in accordance with the terms of
the  Retirement  Plan,  the  Participant  shall be  entitled  to a  Supplemental
Retirement  Benefit  under either the Cash Balance  Formula or the Final Average
Pay Formula,  as elected by the  Participant,  adjusted by the early  retirement
factors  contained  in  the  Retirement  Plan,  if  applicable,  reduced  by any
qualified or  non-qualified  retirement  benefits the Participant is entitled to
receive from any prior employer as identified in an Employment Contract.

      3.4 Upon a Participant's termination of employment prior to qualifying for
early retirement  under the terms of the Retirement Plan, the Participant  shall
be entitled to a Supplemental  Retirement  Benefit under either the Cash Balance
Formula or the Final Average Pay Formula, as elected by the Participant, that is
adjusted in accordance with the reductions  specified in the Retirement Plan for
deferred vested  Retirement  Plan  participants,  if applicable,  reduced by any
qualified or  non-qualified  retirement  benefits the Participant is entitled to
receive from any prior employer as identified in an Employment Contract.

      3.5 A Participant  whose employment is terminated prior to age 55 due to a
restructuring,  consolidation  or downsizing of the Company and who, at the time
of termination,  has (i) completed 25 or more years of Accredited  Service under
the terms of the  Retirement  Plan or (ii) has attained age 50 and has completed
10 or more years of Accredited  Service under the terms of the  Retirement  Plan
and (iii) who elects to receive his or her benefit  under the Final  Average Pay
Formula shall be entitled to an early retirement Supplemental Retirement Benefit
as described in section 3.3 above and a Lump Sum Benefit, the sum of which shall
be reduced by any qualified or non-qualified retirement benefits the Participant
is entitled to receive from any prior  employer as  identified  in an Employment
Contract.

                                   ARTICLE IV

                                 Death Benefits

      4.1 Upon the death of a Participant prior to the Participant's termination
of  employment  or  commencement  of  benefits,  the  Surviving  Spouse shall be
entitled to a Supplemental  Retirement Benefit paid as either an annuity or lump
sum,  as  elected  by  the  Surviving  Spouse,   reduced  by  any  qualified  or
non-qualified  retirement  benefits the Surviving  Spouse is entitled to receive
from  the  Participant's  prior  employer  or  employers  as  identified  in  an
Employment Contract.

      4.2  Upon  the  death  of  the  Participant  after   commencement  of  the
Participant's  Supplemental  Retirement  Benefit,  the Surviving Spouse shall be
entitled to a Supplemental  Retirement Benefit elected by the Participant at the
time of the  Participant's  retirement or termination of employment,  reduced by
any  qualified or  non-qualified  retirement  benefits the  Surviving  Spouse is
entitled  to receive  from the  Participant's  prior  employer or  employers  as
identified in an Employment Contract

      4.3 Upon the death of a Participant  described in section 3.5 prior to the
Participant's  election to commence  benefits,  the  Surviving  Spouse  shall be
entitled  to a  Supplemental  Retirement  Benefit  that  would  be  paid  to the
Surviving Spouse of a Participant described in section 3.4 and shall be entitled
to a Lump Sum  Benefit  the sum of which is to be  reduced by any  qualified  or
non-qualified  retirement  benefits the Surviving  Spouse is entitled to receive
from  the  Participant's  prior  employer  or  employers  as  identified  in  an
Employment  Contract;  provided that, the Surviving Spouse elects to receive his
or her benefit under the Final Average Pay Formula.

      4.4  The  Participant,  with  the  consent  of the  spouse,  may  name  an
individual or trust as the  beneficiary of any death benefit that may be payable
under the Final Average Pay Formula or the Cash Balance Formula. The beneficiary
shall be designated on a form provided by the Committee. If the Participant does
not designate a beneficiary,  the default beneficiary shall be the Participant's
Spouse,  or if the  Participant  is  not  married  at the  time  of  death,  the
Participant's estate.

                                    ARTICLE V

                 Payment of Supplemental Retirement Benefits

      5.1 Except as provided in section 5.2, a Participant's  election under the
Retirement Plan of a single life annuity,  a 50% joint and survivor annuity,  or
an optional form of payment (with the valid consent of the Participant's  spouse
where required under the terms of the Retirement Plan) shall be deemed to be the
election made by the Participant for the Supplemental Retirement Benefit payable
under the Excess Benefit Plan. The payment of a Supplemental  Retirement Benefit
as an annuity shall commence at the same time annuity benefit  payments from the
Retirement Plan commence.

      5.2 A Participant may elect to receive his or her Supplemental  Retirement
Benefit as a partial  lump sum with the balance of the  Supplemental  Retirement
Benefit  paid as an  annuity  as  provided  in  section  5.1,  a total  lump sum
distribution  or as  installment  payments over a period of at least two and not
more than ten years. The Participant may elect to defer the payment of a partial
or lump sum distribution or the start date of installment  payments to a date no
later than the date the  Participant  attains  age 70-1/2.  During any  deferral
period and during an installment  period, the unpaid balance of the Supplemental
Retirement  Benefit  shall  receive  interest  credits at the interest rate then
being credited for the Cash Balance  Formula.  Supplemental  Retirement  Benefit
payments for Participants who terminate employment during the 2001 Plan Year and
elect a lump sum or  installment  payment  option shall commence no earlier than
January 1, 2002.

      5.3 A Participant described in section 3.5, may elect to commence payments
of the Participant's  Supplemental Retirement Benefit as of the first day of any
month following the Participant's  termination of employment,  provided that the
Participant also elects to receive retirement  benefits from the Retirement Plan
as of the same date. Supplemental Retirement Benefits that commence prior to age
55 shall be reduced actuarially from age 55 to the Participant's age at the time
the  Supplemental  Retirement  Benefit payments  commence.  The Lump Sum Benefit
payable  to the  Participant  shall  be  calculated  and paid as of the date the
Participant elects to receive payment of the Supplemental Retirement Benefits.

                                   ARTICLE VI

                                 Administration

      6.1 The Committee shall  administer the Excess Benefit Plan. The Committee
shall have the authority to interpret the Excess  Benefit Plan and to prescribe,
amend and rescind rules and regulations  relating to the  administration  of the
Excess Benefit plan, and all such  interpretations,  rules and regulations shall
be conclusive and binding on all Participants.

      6.2 The  Committee may employ  agents,  attorneys,  accountants,  or other
persons and allocate or delegate to them powers,  rights,  and duties all as the
Committee  may  consider  necessary  or  advisable  to  properly  carry  out the
administration of the Excess Benefit Plan.

                                   ARTICLE VII

                            Amendment or Termination

      7.1 The  Company  intends  the Excess  Benefit  Plan to be  permanent  but
reserves the right to amend or terminate  the Excess  Benefit Plan when,  in the
sole opinion of the Company,  such amendment or  termination  is advisable.  Any
such  amendment or  termination  shall be made  pursuant to a resolution  of the
Board of Directors of the Company.

      7.2 No amendment or  termination of the Excess Benefit Plan shall directly
or indirectly  deprive any current or former  Participant or Surviving Spouse of
all or any portion of any Supplemental  Retirement Benefit which commenced prior
to the effective date of such amendment or termination or which would be payable
if the Participant  terminated  employment for any reason,  including  death, on
such effective date.

                                  ARTICLE VIII

                                  Miscellaneous

      8.1 Nothing in this Excess  Benefit Plan shall  interfere with or limit in
any way the right of the Company to terminate  any  Participant's  employment at
any time,  nor confer upon a Participant  any right to continue in the employ of
the Company.

      8.2 In the event the Committee  shall find that a Participant or Surviving
Spouse is unable to care for his or her affairs  because of illness or accident,
the Committee may direct that any payment due the  Participant  or the Surviving
Spouse be paid to the duly appointed legal  representative of the Participant or
Surviving Spouse,  and any such payment so made shall be a complete discharge of
the liabilities of the Excess Benefit Plan.

      8.3 Except as otherwise  expressly provided herein, all terms,  conditions
and actuarial  assumptions of the Retirement Plan applicable to benefits payable
under  the  terms  of the  Retirement  Plan  shall  also  be  applicable  to the
Supplemental  Retirement  Benefits  paid under the terms of the  Excess  Benefit
Plan.

      8.4 The  Supplemental  Retirement  Benefits paid under the Excess  Benefit
Plan shall not be funded, but shall constitute  liabilities of the Company to be
paid out of general  corporate  assets.  Nothing contained in the Excess Benefit
Plan shall  constitute  a guaranty by the Company or any other  entity or person
that the assets of the Company will be sufficient to pay any benefit hereunder.

      8.5 The Excess Benefit Plan shall be construed and administered  according
to the laws of the State of Ohio.

                                   ARTICLE IX

                                Change In Control

      9.1  Notwithstanding  any  provisions  of the Excess  Benefit  Plan to the
contrary,  if a Change in Control, as defined in Section 9.2, of the Corporation
occurs,  all  Supplemental  Retirement  Benefits  accrued  as of the date of the
Change in Control shall be fully vested and non-forfeitable.

      9.2 A  "Change  in  Control"  of the  Corporation  shall be deemed to have
occurred  if (i) any  "person"  or "group"  (as such terms are used in  Sections
13(d) and 14(d) of the Securities Exchange Act of 1934 ("Exchange Act")),  other
than any company  owned,  directly or  indirectly,  by the  shareholders  of the
Corporation in substantially the same proportions as their ownership of stock of
the  Corporation or a trustee or other  fiduciary  holding  securities  under an
employee  benefit plan of the  Corporation,  becomes the "beneficial  owner" (as
defined in Rule 13d-3 under the Exchange Act),  directly or indirectly,  of more
than 25 percent of the then outstanding  voting stock of the  Corporation,  (ii)
during any period of two consecutive years,  individuals who at the beginning of
such period constitute the Board,  together with any new Directors (other than a
director  nominated by a person (x) who has entered  into an agreement  with the
Corporation to effect a transaction  described in Section 9.2(i),  (iii) or (iv)
who  publicly  announces  an  intention  to take or to consider  taking  actions
(including,  but not limited to, an actual or threatened proxy contest) which if
consummated  would  constitute a Change In Control) whose election or nomination
for election was approved by a vote of at least two-thirds of the Directors then
still in office who were  either  Directors  at the  beginning  of the period or
whose election or nomination for election was previously so approved,  cease for
any  reason  to  constitute  at least a  majority  of the  Board;  or (iii)  the
consummation  of a merger or  consolidation  of the  Corporation  with any other
entity,  other than a merger or  consolidation  which would result in the voting
securities of the Corporation  outstanding  immediately prior thereto continuing
to represent (either by remaining  outstanding or by being converted into voting
securities  of the  surviving  entity) at least 50  percent of the total  voting
power  represented by the voting securities of the Corporation or such surviving
entity outstanding  immediately after such merger or consolidation;  or (iv) the
shareholders  of the Corporation  approve a plan of complete  liquidation of the
Corporation,  or an agreement for the sale or disposition by the Corporation (in
one transaction or a series of transactions) of all or substantially  all of the
Corporation's assets.

      Notwithstanding the foregoing,  a Change in Control shall not be deemed to
occur as a result of the  consummation of the  transactions  contemplated in the
Agreement and Plan of Merger by and among the Corporation,  Augusta  Acquisition
Corporation  and Central  and South West  Corporation  dated as of December  21,
1997,  nor  thereafter  as a  result  of any  event in (i) or  (iii)  above,  if
Directors  who were  members  of the  Board  prior  to such  event  continue  to
constitute majority of the Board after such event.

For purposes of this Section 9.2,  "Board"  shall mean the Board of Directors of
the Corporation,  and "Director" shall mean an individual who is a member of the
Board.

                                    ARTICLE X

                                Claims Procedure

      10.1 If a Participant  makes a written request alleging a right to receive
benefits  under the  Excess  Benefit  Plan or  alleging  a right to  receive  an
adjustment in benefits  being paid under the Excess  Benefit Plan, the Committee
shall treat it as a claim for benefits. All claims for benefits under the Excess
Benefit Plan shall be sent to the Committee and must be received  within 75 days
after the Participant's  termination of employment.  If the Committee determines
that any Participant who has claimed a right to receive  benefits,  or different
benefits,  under the Excess  Benefit  Plan is not entitled to receive all or any
part of the  benefits  claimed,  it will  inform the  claimant in writing of its
determination  and the reasons  therefor in terms calculated to be understood by
the  claimant.  The notice will be sent  within 90 days of the claim  unless the
Committee  determines  additional  time,  not exceeding 90 days, is needed.  The
notice  shall make  specific  reference  to the  pertinent  Excess  Benefit Plan
provisions on which the denial is based, and describe any additional material or
information,  if any,  necessary  for the  claimant to perfect the claim and the
reason any such  addition  material or  information  is  necessary.  Such notice
shall,  in addition,  inform the claimant  what  procedure  the claimant  should
follow to take  advantage of the review  procedures set forth below in the event
the claimant desires to contest the denial of the claim. The claimant may within
90 days thereafter submit in writing to the Committee a notice that the claimant
contests the denial of the claim by the Committee and desires a further  review.
The Committee shall within 60 days thereafter review the claim and authorize the
claimant to appear  personally and review pertinent  documents and submit issues
and  comments  relating to the claim to the persons  responsible  for making the
determination  on behalf of the  Committee.  The Committee will render its final
decision with specific reasons  therefore in writing and will transmit it to the
claimant within 60 days of the written request for review,  unless the Committee
determines  additional  time, not exceeding 60 days, is needed,  and so notifies
the claimant.  If the Committee  fails to respond to a claim filed in accordance
with the  foregoing  within 90 days or any such extended  period,  the Committee
shall be deemed to have denied the claim.

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