Document:

Amended and Restated Charter for the Compensation Committee

 Exhibit 10.49 
 ALLIANCE RESOURCE PARTNERS, L.P. 
 COMPENSATION
COMMITTEE CHARTER 
 Adopted: February 28, 2007 
 Amended and Restated: February 22, 2008 
 Amended and Restated: January 27, 2009 
 Amended and Restated: February 23, 2010 
  

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 COMPENSATION COMMITTEE CHARTER 
 Adopted February 28, 2007 
 Amended and Restated
February 22, 2008 
 Amended and Restated January 27, 2009 
  

	I.	Purpose of Committee 

 The purpose of the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Alliance Resource Management GP, LLC (the “Company”), the managing general partner of Alliance Resource
Partners, L.P. (the “Partnership”), is to discharge the Board’s responsibilities relating to compensation of the Partnership’s executives and the Company’s directors and to produce an annual report relating to the CD&A
(as defined below) for inclusion in the Partnership’s Annual Report on Form 10-K, in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). 
  

	II.	Committee Membership 

 The Committee shall be composed of all members of the Board whom the Board has determined (i) have no material relationship with the Company, the Partnership or any of its consolidated subsidiaries and (ii) are otherwise
“independent” under the NASDAQ rules. 
 All matters before the Committee shall be determined by a majority vote of
the Committee members present. 
 Members shall be appointed by the Board and shall serve at the pleasure of the Board and for
such terms as the Board may determine. 
  

	III.	Committee Structure and Operations 

 The Board shall designate one member of the Committee as its chairperson. The Committee shall meet in person or telephonically at least four times a year at a time and place determined by the Committee
chairperson, with further meetings to occur, or actions to be taken by unanimous written consent, when deemed necessary or desirable by the Committee or its chairperson. The Committee shall produce a report that summarizes the actions taken at each
Committee meeting, and such report shall be presented to the Board at the next Board meeting. 
 The Committee may invite such
members of management to its meetings, as it may deem desirable or appropriate, consistent with the maintenance of the confidentiality of compensation discussions. The Partnership’s President and Chief Executive Officer (the “CEO”)
should attend all meetings of the Committee, including any meeting where the CEO’s performance or compensation is discussed, unless specifically excused by the Committee. 
  

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	IV.	Committee Duties and Responsibilities 

 The following are the duties and responsibilities of the Committee: 
  

	 	1.	To review corporate goals and objectives relative to the CEO. 

  

	 	2.	To set the CEO’s compensation level. 

  

	 	3.	To review corporate goals and objectives relative to the Partnership’s senior executive officers, including the Partnership’s named executive officers.

  

	 	4.	To set the compensation level of the Partnership’s senior executive officers. 

  

	 	5.	Review and approve, in consultation with senior management, the Partnership’s general compensation philosophy, strategy, policies and programs.

  

	 	6.	Review and approve, in consultation with senior management, the Partnership’s executive compensation programs including the establishment of salaries and other
compensation for the Partnership’s CEO, Chief Financial Officer and the other executive officers, including those named in the Summary Compensation Table. 

  

	 	7.	Review and approve the Partnership’s management incentive compensation plans, and equity-based plans, including, without limitation, the Partnership’s
short-term incentive plan (STIP), long-term incentive plan (LTIP) and supplemental executive retirement plan (SERP). 

  

	 	8.	Review and approve grants of restricted units under the LTIP or other awards pursuant to such plan and any other equity-based plans, if applicable.

  

	 	9.	Periodically review senior management’s recommendations with respect to the Partnership’s ERISA-qualified benefit plans and retirement program.

  

	 	10.	Review perquisites or other personal benefits to the Partnership’s executive officers and the Company’s directors and recommend any changes to the
Company’s Board of Directors. 

  

	 	11.	Review expense statements of executive officers. 

  

	 	12.	To the extent we have any employment agreements or any of the following arrangements, review and approve any employment agreements, severance or termination
arrangements or change of control arrangements to be made with any executive officer of the Partnership. 

  

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	 	13.	Approve a policy regarding director compensation and recommend to the Company’s Board of Directors annual retainer amounts consistent with the director
compensation policy. 

  

	 	14.	In connection with the Partnership’s Annual Report on Form 10-K or other applicable SEC filing: 

  

	 	(A)	review and discuss with management the Compensation Discussion and Analysis (“CD&A”) required by SEC Regulation S-K, Item 402. Based on such review
and discussion, recommend to the Company’s Board of Directors that the CD&A be included in the Partnership’s Annual Report on Form 10-K or other applicable SEC filing. 

  

	 	(B)	prepare the compensation committee report in accordance with all applicable rules and regulations of the SEC for inclusion above the names of the members of the
compensation committee in the Partnership’s Annual Report on Form 10-K. This report shall state the Committee (i) reviewed and discussed with management the CD&A and (ii) based on such review and discussion, recommended to the
Company’s Board of Directors that the CD&A be included in the Partnership’s Annual Report on Form 10-K or other applicable SEC filing. 

  

	 	15.	In its sole discretion, have the ability to retain experts, consultants and other advisors, including without limitation, independent counsel, compensation consulting
firms and legal or other advisors as the Committee deems necessary, to aid in the Committee’s discharge of its duties. 

  

	 	16.	Perform such other activities consistent with the Committee’s charter, the Partnership’s partnership agreement, the Partnership’s Certificate of Limited
Partnership, the Company’s Certificate of Formation, governing law, the rules and regulations of the NASDAQ and such other requirements applicable to us as the Committee or the Company’s Board of Directors deem necessary or appropriate.

  

	 	17.	Review and reassess the adequacy of the Committee’s charter annually and submit recommended changes, if any, to the Company’s Board of Directors for its
consideration and approval. 

  

	 	18.	Annually perform an evaluation of itself. 

  

	V.	Delegation to Subcommittee 

 The Committee may, in its discretion, delegate all or a portion of its duties and responsibilities to a subcommittee of the Committee. In particular, the Committee may delegate the approval of certain transactions to a subcommittee composed
solely of one or more members of the Committee who are (i) “Non-Employee Directors” for the purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as in effect from time to time, and (ii) “outside directors”
for the purposes of Section 162(m) of the Internal Revenue Code, as in effect from time to time. 
  

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	VI.	Resources and Authority of the Committee 

 The Committee shall have the resources and authority appropriate to discharge its duties and responsibilities, including the authority to select, retain, terminate, and approve the fees and other
retention terms of special counsel or other experts or consultants, as it deems appropriate, without seeking approval of the Board or management. With respect to consultants retained to assist in the determination or evaluation of director, CEO or
senior executive compensation, this authority shall be vested solely in the Committee. 
  

 5 of 5Amendment to Morgan Stanley 401(k) Plan, dated as of December 29, 2009

 Exhibit 10.9 
 AMENDMENT TO 
 MORGAN STANLEY 401(k) PLAN

 Morgan Stanley & Co. Incorporated (the “Corporation”) hereby amends the Morgan Stanley 401(k) Plan
(the “401(k) Plan”) as follows: 
 1. Effective January 1, 2010, Section 2, Definitions, shall be amended by
deleting clause (f) in the third sentence of the first paragraph of the definition of “Earnings” and inserting the following in lieu thereof: 
 “(f)(1) for a Participant whose employment with the Affiliated Group terminates on or after January 1, 2010,
amounts paid after the 10th day of the month following the
month in which the Participant’s employment with the Affiliated Group terminates; (2) for a Participant whose employment with the Affiliated Group terminates on or before December 1, 2009, amounts paid more than 30 days after the date
on which the Participant’s employment with the Affiliated Group terminates; and (3) for a Participant whose employment terminates within the 30 days prior to January 1, 2010, the provision in (f)(1) or (f)(2) that results in the
larger amount of Earnings for such Participant,” 
 2. Effective November 30, 2009, Section 2, Definitions, shall
be amended by adding the following at the end of the definitions of “Discover Stock Fund” and “Investment Funds”: 
 “Effective November 30, 2009, the Discover Stock Fund shall no longer be an Investment Fund under the Plan.” 
 3. Effective December 23, 2009, Section 5(a)(iii), Catch-Up Contributions, is amended by inserting the following as the penultimate sentence thereof: 
 “Effective December 23, 2009, to the extent permitted by the Plan Administrator, catch-up contributions made by a Participant may be designated as Roth catch-up contributions, which shall be
separately accounted for by the Plan Administrator.” 
 4. Effective January 1, 2008, Section 5(d), Distribution
of Excess Elective Deferrals, is amended by deleting the parenthetical phrase in the third sentence thereof and inserting “(adjusted for any income or loss allocable through the end of the tax year for which such Excess Elective Deferral was
made)” in lieu thereof. 
 5. Effective January 1, 2008, Section 5(f)(i), Distribution of Excess Contributions, is
amended by deleting the phrase “up to the date of distribution” in the second sentence thereof and inserting “through the end of the tax year in which such Excess Contribution is made” in lieu thereof. 
 6. Effective January 1, 2008, Section 5(h)(i), Distribution of Excess Aggregate Contributions, is amended by deleting the word
“thereto” in the first sentence thereof and inserting “through the end of the tax year in which such Excess Aggregate Contribution is made” in lieu thereof. 

 7. Effective January 1, 2009, Sections 5(i)(iii)(2) and 5(j), shall be amended by
inserting the following at the end thereof: 
 “Notwithstanding anything herein to the contrary, the Plan shall not accept
any Rollover Contribution from another plan sponsored or maintained by the Company or any member of the Company’s Affiliated Group.” 
 8. Effective December 23, 2009, Section 5(k), Salary Reduction and Tax Status of Pre-Tax Contributions, is amended by inserting the parenthetical “(other than Roth catch-up
contributions)” immediately following the reference to catch-up contributions therein. 
 9. Effective November 30,
2009, Sections 7(b)(i), 11(a)(i), 12(c), 12(e) and 12(g)(iii) shall be amended by inserting the following immediately following each reference to the “Discover Stock Fund” and “Discover Stock” therein: 
 “(but only through November 30, 2009)” 
 10. Effective October 23, 2009, Section 7(b)(ii)(2), shall be amended by deleting the third paragraph thereof and inserting the following in lieu thereof: 
 “The Discover Stock Fund is terminated as an investment under the Plan effective November 30, 2009. Any assets
remaining in the Discover Stock Fund as of the day that is one day after the announcement by Morgan Stanley of 3rd
 quarter, 2009 earnings (but no earlier than October 23, 2009), shall be liquidated according to a schedule determined by the Plan Administrator and the proceeds of such liquidation
shall be reinvested in units of the Morgan Stanley Stock Fund. Notwithstanding the foregoing, for any Participant who is obligated to file reports under section 16 of the Securities Exchange Act of 1934, the proceeds of such liquidation shall be
invested in the qualified default investment alternative established under Section 7(d)(i) of the Plan applicable to such Participant.” 
 11. Effective November 30, 2009, the first two paragraphs of Section 7(b)(ii)(2) shall be deleted. 
 12. Effective November 30, 2009, Section 8(d)(v), Voting and Tendering of Discover Stock, shall be amended by adding the following to the end thereof: 
 “Effective November 30, 2009, this Section 8(d)(v) shall no longer be operative.” 
 13. Effective January 1, 2008, Section 10(a), Amount of Benefit, is amended by inserting the following immediately after the first
sentence thereof: 
 “Notwithstanding anything in this Section 10(a) to the contrary, vesting is provided under the
Plan to the extent required under Code section 411(a).” 
 14. Effective June 1, 2009, Section 10(a)(iii), Vesting
in Cash Dividends, is amended by deleting the phrase “with respect to which” in the first sentence thereof and inserting the phrase “without regard to whether” in lieu thereof. 
  

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 15. Effective January 1, 2007, Section 11(g), Optional Direct Rollover of Eligible
Rollover Distributions, is amended by deleting subsection (i) and inserting the following in lieu thereof: 
 “(i) A
participant who receives a distribution described in Section 11(a) or a withdrawal described in Section 12 may direct the Plan Administrator to directly roll over all or any portion of the distribution or withdrawal as permitted by Code
sections 401(a)(31) and 402(c). 
 16. Effective January 1, 2007, Section 11(g), Optional Direct Rollover of Eligible
Rollover Distributions, is amended by deleting the second sentence of subsection (ii) and inserting the following in lieu thereof: 
 “However, such portion may be transferred only as permitted in Code section 402(c)(2).” 
 17. Effective
January 1, 2010, Section 12(g)(v), Loan Repayment Terms, is amended by inserting the following after the sixth sentence thereof: 
 “Notwithstanding the foregoing, effective January 1, 2010, in the discretion of the Plan Administrator on a nondiscriminatory basis, the note may provide (or may be amended to provide) that if a
Participant with an outstanding loan terminates employment as a result of a Release, such Participant may continue making loan repayments directly to the Benefit Center for up to the lesser of (1) the remainder of the period of such loan or
(2) a period of one year after such Participant’s termination of employment and that any outstanding principal and interest due at the end of such period shall be paid immediately thereafter.” 
 * * * * * * * * * 
 IN WITNESS WHEREOF, the Corporation has caused this Amendment to be executed on its behalf as of this 29th day of December, 2009. 
  

			
	 MORGAN STANLEY & CO.
 INCORPORATED

		
	By:	 	 /s/ KAREN JAMESLEY

	Title:	 	Global Head of Human Resources

  

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