Document:

Exhibit 10.18

 Exhibit 10.18 
 MASSEY ENERGY COMPANY 
 DEFERRED DIRECTORS’ FEES PROGRAM 
 Amended and Restated Effective January 1, 2009 

 TABLE OF CONTENTS 
  

							
	 	 	 	 	 	  	Page
	   Section
	  	
		
	PURPOSE	  	1
		
	ARTICLE I DEFINITIONS	  	1
				
		 	1.01.	 	Administrator	  	1
				
		 	1.02.	 	Beneficiary or Beneficiaries	  	1
				
		 	1.03.	 	Board	  	1
				
		 	1.04.	 	Common Stock	  	1
				
		 	1.05.	 	Company	  	1
				
		 	1.06.	 	Compensation	  	1
				
		 	1.07.	 	Deferral Year	  	1
				
		 	1.08.	 	Deferred Account	  	2
				
		 	1.09.	 	Deferred Benefit	  	2
				
		 	1.10.	 	Directors	  	2
				
		 	1.11.	 	Election Date	  	2
				
		 	1.12.	 	Election Form	  	2
				
		 	1.13.	 	Fair Market Value	  	2
				
		 	1.14.	 	Meeting Fees	  	3
				
		 	1.15.	 	Participant	  	3
				
		 	1.16.	 	Plan	  	3
				
		 	1.17.	 	Restricted Stock	  	3
				
		 	1.18.	 	Restricted Stock Cash Dividends	  	3
				
		 	1.19.	 	Retainer Fee	  	3
				
		 	1.20.	 	Terminate, Terminating, or Termination	  	3
		
	ARTICLE II PARTICIPATION	  	4
		
	ARTICLE III DEFERRAL ELECTION	  	4
				
		 	3.01.	 	Elections	  	4
				
		 	3.02.	 	Effect of No Election	  	5
		
	ARTICLE IV BENEFITS	  	5
				
		 	4.01.	 	Benefits	  	5
				
		 	4.02.	 	Distributions	  	5
		
	ARTICLE V INVESTMENT OPTIONS	  	6
				
		 	5.01.	 	Investment Options	  	6

							
		 	5.02.	 	Election of Investment Options	  	7
				
		 	5.03.	 	Method of Crediting Earnings	  	7
		
	ARTICLE VI GENERAL PROVISIONS	  	8
				
		 	6.01.	 	Company’s Obligation	  	8
				
		 	6.02.	 	Control by Participant	  	8
				
		 	6.03.	 	Claims Against Participant’s Deferred Benefits	  	8
				
		 	6.04.	 	Amendment or Termination	  	8
				
		 	6.05.	 	Notices	  	9
				
		 	6.06.	 	Waiver	  	9
				
		 	6.07.	 	Construction	  	9
				
		 	6.08.	 	Omnibus Section 409A Provisions	  	9
				
		 	6.09	 	Effectiveness	  	9

 PURPOSE 
 The Massey Energy Company Deferred Directors’ Fees Program (the “Plan”), is intended to constitute a deferred compensation plan for corporate directors’ fees and cash dividends paid on restricted
stock held by Directors. 
 ARTICLE I 
 DEFINITIONS 
 The following definitions apply to this Plan and to the Election Forms.

  

	1.01.	Administrator 

 Administrator means the
Company’s General Counsel. 
  

	1.02.	Beneficiary or Beneficiaries 

 Beneficiary or
Beneficiaries means a person or persons or other entity designated on an Election Form by a Participant to receive a Deferred Benefit. If there is no valid designation by the Participant, or if the designated Beneficiary or Beneficiaries fail to
survive the Participant or otherwise fail to take the benefit, the Participant’s Beneficiary is the first of the following who survives the Participant: a Participant’s spouse (the person legally married to the Participant when the
Participant dies); the Participant’s children in equal shares and the Participant’s estate. 
  

	1.03.	Board  

 Board means the board of directors
of the Company. 
  

	1.04.	Common Stock  

 Common Stock means the common
stock of the Company. 
  

	1.05.	Company 

 Company means Massey Energy Company
and any successor business by merger, purchase, or otherwise that maintains the Plan. 
  

	1.06.	Compensation  

 Compensation means a
Director’s Meeting Fees and Retainer Fees for the Deferral Year. 
  

	1.07.	Deferral Year 

 Deferral Year means a
calendar year for which a Director has an operative Election Form. 
  

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	1.08.	Deferred Account 

 Deferred Account means
that bookkeeping record established for each Participant who elects a Deferred Benefit. A Deferred Account is established only for purposes of measuring a Deferred Benefit and not to segregate assets or to identify assets that may or must be used to
satisfy a Deferred Benefit. A Deferred Account will be credited with the Participant’s Compensation deferred as a Deferred Benefit according to an Election Form. 
  

	1.09.	Deferred Benefit 

 Deferred Benefit means the
benefit available under the Plan for a Participant who has submitted a valid Election Form to defer his Retainer Fees, Meeting Fees, Restricted Stock Cash Dividends or any combination of the foregoing. 
  

	1.10.	Directors 

 Directors means those duly
elected members of the Board who are not employees of the Company. 
  

	1.11.	Election Date 

 Election Date means the date
established by this Plan as the date before which a Director must submit a valid Election Form to the Administrator. For each Deferral Year, the Election Date is December 31 of the preceding calendar year. However, for an individual who becomes
a Director during a Deferral Year, the Election Date is the thirtieth day following the date that he becomes a Director to the extent permitted by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

 

	1.12.	Election Form 

 Election Form means the form
used by a Participant according to this Plan to establish the duration of deferral and the frequency of payments of a Deferred Benefit. A Participant’s distribution election, investment election and Beneficiary designation are part of a
Participant’s Election Form. 
  

	1.13.	Fair Market Value 

 Fair Market Value means,
on any given date, the closing price of a share of Common Stock as reported on the New York Stock Exchange composite tape on such day or, if the Common Stock was not traded on the New York Stock Exchange on such day, then the next preceding day that
the Common Stock was traded on such exchange, all as reported by such source as the Administrator may select. If shares of Common Stock are not then traded on the New York Stock Exchange, the Fair Market Value shall be determined by the
Administrator using any reasonable method in good faith. 
  

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	1.14.	Meeting Fees 

 Meeting Fees means the portion
of a Director’s Compensation that is based upon his attendance at Board meetings and meetings of the Company’s committees, according to the Company’s established rules and procedures for compensating Directors. 
  

	1.15.	Participant 

 Participant means, with respect
to any Deferral Year, a Director whose Election Form is operative for that Deferral Year. 
  

	1.16.	Plan 

 Plan means the Massey Energy Company
Deferred Directors’ Fees Program. 
  

	1.17.	Restricted Stock 

 Restricted Stock means any
shares of Common Stock awarded to a Director in connection with his service as Director that is non-transferable and subject to a substantial risk of forfeiture. 
  

	1.18.	Restricted Stock Cash Dividends 

 Restricted
Stock Cash Dividends means any cash dividends paid on any Restricted Stock that a Director holds at a time when the Restricted Stock is non-transferable and subject to a substantial risk of forfeiture. Restricted Stock Cash Dividends include regular
quarterly dividends, special extraordinary dividends or any other dividends that may be paid on the Restricted Stock. 
  

	1.19	Retainer Fee  

 Retainer Fee means that
portion of a Director’s Compensation that is fixed and paid without regard to his attendance at meetings. 
  

	1.20.	Terminate, Terminating, or Termination 

 Terminate, Terminating, or Termination, with respect to a Participant, mean cessation of his relationship with the Company and its affiliates taken into account for purposes of Section 409A of the Code as a Director whether by death,
disability or severance for any other reason, which cessation constitutes a “separation from service” within the meaning of Section 409A of the Code. For this purpose, if Participant, after cessation of his relationship with the
Company as a Director, provides services as an employee, the services provided as an employee are not to be taken into account in determining whether the Participant has a separation from service as a Director for purposes of the Plan unless
otherwise required by Section 409A of the Code. 
  

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 ARTICLE II 
 PARTICIPATION 
 A Director becomes a Participant for any Deferral Year by filing a valid
Election Form on or before the Election Date for that Deferral Year, but only if his Election Form is operative according to Article III. 
 ARTICLE III 
 DEFERRAL ELECTION 
  

	3.01.	Elections 

 A deferral election is valid when
an Election Form is completed, signed by the electing Director, and received by the Administrator. Deferral elections are governed by the provisions of this section. 
  

	 	(a)	A Participant may elect a Deferred Benefit for any Deferral Year if he is a Director at the beginning of that Deferral Year or becomes a Director during that Deferral Year.

  

	 	(b)	Before each Deferral Year’s Election Date, each Director will be provided with an Election Form. Under the Election Form for a single Deferral Year, a Director may elect on or
before the Election Date to defer the receipt of all or part of his Retainer Fee (in 10% multiples or a fixed dollar amount) or all or part of his Meeting Fees (in 10% multiples or a fixed dollar amount), or both for the Deferral Year that will be
earned and payable after the Election Date and/or all part of his Restricted Stock Cash Dividends (in 10% multiples or a fixed dollar amount) to be paid on Restricted Stock granted during the Deferral Year that will be declared and payable after the
Election Date (whether paid in that Deferral Year or later). If he does so on or before December 31, 2008, a Director may elect to defer all or part of his Restricted Stock Cash Dividends (in 10% multiples or a fixed dollar amount) to be paid
on Restricted Stock granted on or before December 31, 2008 that will be declared and payable after December 31, 2008 (whether paid in 2009 or later). A Director may make separate elections with respect to quarterly cash dividends, special
extraordinary dividends or other dividends that may be paid on his Restricted Stock. 

  

	 	(c)	 If he does so on or before the Election Date for the Deferral Year, the Administrator may reject any Election Form, and the Administrator is not required to state a
reason for any rejection. The Administrator may modify any Election Form at any time to the extent necessary to comply with any federal securities laws or regulations and as permitted by Section 409A of the Code. However, the
Administrator’s rejection of any Election Form or the Administrator’s modification of any Election Form must be based upon action taken without regard to any vote of the Director whose Election Form is under consideration, and the
Administrator’s rejections must be made on a uniform basis with respect to similarly situated 

  

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Directors. If the Administrator rejects an Election Form, the Director must be paid the amounts he would then have been entitled to receive if he had not
submitted the rejected Election Form. 

  

	 	(d)	A Director may not revoke an Election Form after the Election Date for the Deferral Year. A Director may not revoke an Election Form after December 31, 2008 under which he
elected to defer the receipt of all or part of his Restricted Stock Cash Dividends to be paid on Restricted Stock granted on or before December 31, 2008 (whether paid in 2009 or later). Any revocation on or before the Election Date is the same
as a failure to submit an Election Form. Any writing signed by a Director expressing an intention to revoke his Election Form and delivered to the Administrator before the close of business on the relevant Election Date is a revocation.

  

	3.02.	Effect of No Election  

 A Director who has
not submitted a valid Election Form to the Administrator on or before the relevant Election Date may not defer his Compensation for, or Restricted Stock Cash Dividends payable with respect to Restricted Stock granted during, the Deferral Year under
this Plan. 
 ARTICLE IV 
 BENEFITS 

	4.01.	Benefits 

 Deferred Benefits shall be
credited to a Deferred Account for each Participant and credited with earnings as described in Article V. 
  

	4.02.	Distributions 

  

	 	(a)	According to a Participant’s Election Form, a Deferred Benefit shall be distributed in cash except with respect that portion of a Deferred Benefit which is credited as an
investment in Common Stock. In such case, the Deferred Benefit, or portion thereof, shall be distributed in shares of Common Stock equal to the number of whole shares of Common Stock credited to the Participant’s Deferred Account on the last
day of the month preceding the month of distribution. Any shares of Common Stock issued under the Plan must be issued from the Company’s treasury shares. However, cash must be paid in lieu of a fractional share of Common Stock credited the
Participant’s Deferred Account on the last day of the month preceding the month of distribution. 

  

	 	(b)	 Deferred Benefits will be paid in a lump sum unless the Participant’s Election Form specifies annual installment payments 

  

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over a period of up to 20 years. A Deferred Benefit payable in installments will continue to be credited with earnings and losses on the unpaid balance of a
Deferred Account through the end of the month preceding the month of distribution. 

  

	 	(c)	Except where the Participant Terminates on account of his death, any lump sum payment will be paid or installment payments will begin to be paid as follows:

 (i) on December 31 of the year the Director Terminates, if his Termination occurs on a date from
January 1 through June 30 of such year; or 
 (ii) on the February 15 following the year of the
Director’s Termination, if his Termination occurs on a date from July 1 through December 31. 
 Notwithstanding anything to the
contrary herein, if a Participant is a “specified employee” with respect to the Company and its affiliates for purposes of Section 409A of the Code on the date he Terminates, no payment shall be made to the Participant until the date which
is six months following the date of his separation from service. A Participant may use only one Beneficiary Designation Form to designate one or more Beneficiaries for all of his Deferred Benefits under the Plan. Any lump sum payment will be paid to
the Beneficiary, or installment payments will begin to be paid to each Beneficiary on February 15 of the year following the Participant’s death. Multiple Beneficiaries will be paid pursuant to a single distribution method. 
  

	 	(d)	Deferred Benefits may not be assigned by a Participant or Beneficiary. 

  

	 	(e)	Any Common Stock distributed pursuant to the Plan shall have been acquired from the Company’s treasury shares. 

 ARTICLE V 
 INVESTMENT OPTIONS

  

	5.01.	Investment Options 

 The Company has selected
the following investment options (Investment Options), any of which may be changed, modified or deleted, or additional Investment Options may be added, from time to time by the Committee: 
 Interest Fund: Interest will be credited to a Participant’s investment in the Interest Fund based on average three-month United States
Treasury Bill rates Auction Average (Investment) as published by the Federal Reserve Board for the month immediately preceding the day the interest is credited. Notwithstanding the preceding sentence, the Administrator may change the basis on which
the interest rate is determined. 
 Common Stock: A hypothetical investment in shares of Massey Energy Common Stock. 
  

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	5.02.	Election of Investment Options 

  

	 	(a)	At the time that an Eligible Employee first becomes a Participant, the Participant shall allocate deferrals among the Investment Options. Such Investment Options will be used as a
measure of the investment performance of his Deferred Account. A Participant may specify that all or any 10% multiple of his Deferred Account be deemed to be invested in one or more of the Investment Options. 

  

	 	(b)	A Participant may reallocate the Investment Options for his Deferred Account once every six months in 10% multiples. Any reallocation will be effective as of the first day of the
month following the month in which an appropriately completed form is received by the Committee. Until a Participant delivers a new Investment Option form to the Committee, his prior Investment Options shall control. If a Participant fails to select
an Investment Option for his Deferred Account, he shall be deemed to have elected the Interest Fund. 

  

	 	(c)	Anything in this Plan to the contrary notwithstanding, in no event shall any Participant, until six months after Termination, reallocate his Investment Options between Common Stock
and the Interest Fund unless at least six months has elapsed since the date of the Director’s most recent “Opposite Way” transaction either under this Plan or in any transaction outside the Plan. 

  

	5.03.	Method of Crediting Earnings 

  

	 	(a)	Interest Fund. Interest will be credited as of the last day of each month in which any amount remains credited to the Deferred Account of a Participant, or debited with an
amount equal to that determined by multiplying the balance of such portion of such account as of the last day of the preceding month by the return rate for that month. As to the applicable amount distributed, the Company shall cease crediting or
debiting adjustments to the Participant’s Deferred Account on the last day of the month of the date of distribution of a Deferred Benefit. 

  

	 	(b)	Common Stock. 

 (i) A
Participant’s investment in the Common Stock Fund attributable to a Retainer Fee is credited to the Participant’s Deferred Account as a number of whole and fractional shares of Common Stock on the date of each calendar quarter of the
Deferral Year in which such Compensation is earned based on the Fair Market Value on that date. A Participant’s investment in Common Stock attributable to a Meeting Fee is credited to the Participant’s Deferred Account as a number of whole
and fractional shares of Common Stock on the day of the month in which a meeting occurs based on the Fair Market Value on that date. A Participant’s investment in Common Stock attributable to any Restricted Stock Cash Dividends is credited to
the Participant’s Deferred Account as a number of whole and fractional shares of Common Stock on the date of the month on which such Restricted Stock Cash Dividends otherwise would be paid based on the Fair Market Value on that date.

  

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 (ii) The basis for additional credits to a Participant’s investment in Common Stock
(in whole and fractional shares of Common Stock) will be variable rates based on the value of dividends paid on Common Stock and the Fair Market Value on the date that such dividends are paid on Common Stock. The value of a Participant’s
investment in Common Stock at any relevant time equals the value of the shares of Common Stock as if the Compensation and Restricted Stock Cash Dividends deferred by the Participant under the Plan and any additional credits under this subsection had
been used to purchase Common Stock at the Fair Market Value on the date those amounts were credited to an investment in Common Stock. Additional credits are accrued through the end of the month preceding the month of distribution of a Deferred
Benefit. 
 ARTICLE VI 
 GENERAL PROVISIONS 
  

	6.01.	Company’s Obligation 

 The Plan is
unfunded. A Deferred Benefit is at all times a mere contractual obligation of the Company. A Participant and his Beneficiaries have no right, title, or interest in the Deferred Benefits or any claim against them. The Company will not segregate any
funds or assets for Deferred Benefits nor issue any notes or security for the payment of any Deferred Benefit. 
  

	6.02.	Control by Participant 

 A Participant has no
control over Deferred Benefits except according to his Election Form. 
  

	6.03.	Claims Against Participant’s Deferred Benefits 

 A Deferred Account relating to a Participant under this Plan is not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to do so is void. Deferred Benefits are not
subject to attachment or legal process for a Participant’s debts or other obligations. Nothing contained in this Plan gives any Participant any interest, lien, or claim against any specific asset of the Company. A Participant or his Beneficiary
has no rights to receive Deferred Benefits other than as a general creditor. 
  

	6.04.	Amendment or Termination 

 Except as
otherwise provided in this section, this Plan may be altered, amended, suspended, or terminated at any time by the Board, Except for a termination of the Plan caused by the determination of the Board that the laws upon which the Plan is based have
changed in a manner that negates the Plan’s objectives and as otherwise permitted by Section 409A of the Code, the Board may not alter, amend, suspend, or terminate this Plan without the majority consent of all Directors who are
Participants if that action would 

  

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result either in a distribution of all Deferred Benefits in any manner other than as provided in this Plan or that would result in immediate taxation of
Deferred Benefits to Participants. Notwithstanding the preceding sentence, if any amendment to the Plan, subsequent to the date the Plan becomes effective, adversely affects Deferred Benefits elected hereunder, after the effective date of any such
amendment, and the Internal Revenue Service declines to rule favorably on any such amendment or to rule favorably only if the Board makes amendments to the Plan not acceptable to the Board, the Board, in its sole discretion, may accelerate the
distribution of part or all amounts attributable to affected Deferred Benefits due Participants and Beneficiaries hereunder to the extent permitted by Section 409A of the Code. 
  

	6.05.	Notices 

 Notices and elections under this
Plan must be in writing. A notice or election is deemed delivered if it is delivered personally or if it is mailed by registered or certified mail to the person at his last known business address. 
  

	6.06.	Waiver 

 The waiver of a breach of any
provision in this Plan does not operate as and may not be construed as a waiver of any later breach. 
  

	6.07.	Construction 

 This Plan is created, adopted,
and maintained according to the laws of Delaware (except its choice-of-law rules). It is governed by those laws in all respects. Headings and captions are only for convenience; they do not have substantive meaning. If a provision of this Plan is not
valid or not enforceable, that fact in no way affects the validity or enforceability of any other provision. Use of the one gender includes all, and the singular and plural include each other. 
  

	6.08.	Omnibus Section 409A Provision 

 It is
intended that any compensation, benefits and other remuneration to be provided pursuant to or in connection with this Plan which is considered to be “deferred compensation” subject to Section 409A of the Code shall be provided and
paid in a manner, and at such time and in such form, as complies with the applicable requirements of Section 409A of the Code to avoid the unfavorable tax consequences provided therein for non-compliance. The Administrator is authorized to
amend the Plan or any Election Form as the Administrator may determine to be necessary or appropriate to evidence or further evidence required compliance with Section 409A of the Code. It is specifically intended that any elections and
modifications under the Plan will comply with the requirements of Section 409A of the Code. 
  

	6.09	Effectiveness 

 The amended and restated Plan
is effective January 1, 2009. 
 As evidence of its adoption of this restatement
of the Plan, Massey Energy Company has caused this document to be signed by its undersigned officer, this 23RD day of December, 2008, effective
January 1, 2009. 
  

			
	MASSEY ENERGY COMPANY
		
	By:	 	 /s/ John M. Poma

		 	John M. Poma
	Its:	 	Vice President - Human Resources

  

 - 9 -Exhibit 10.19

 Exhibit 10.19 
 A.T. MASSEY COAL COMPANY, INC. 
 EXECUTIVE DEFERRED COMPENSATION PLAN 
 (Amended and Restated as of January 1, 2009) 

 TABLE OF CONTENTS 
  

					
	 	  	 Page

	 INTRODUCTION
	  	1
		
	 ARTICLE I
	  	
	 DEFINITIONS
	  	
	   1.01.
	  	Affiliate	  	1
	   1.02.
	  	Beneficiary	  	1
	   1.03.
	  	Board	  	1
	   1.04.
	  	Bonus Award	  	2
	   1.05.
	  	Change of Control	  	2
	   1.06.
	  	Code	  	2
	   1.07.
	  	Committee	  	2
	   1.08.
	  	Company	  	2
	   1.09.
	  	Deferred Account	  	2
	   1.10.
	  	Deferred Benefit	  	2
	   1.11.
	  	Election Date	  	2
	   1.12.
	  	Election Form	  	2
	   1.13.
	  	Eligible Employee	  	2
	   1.14.
	  	Excess Benefit	  	3
	   1.15.
	  	Excess Benefit Account	  	3
	   1.16.
	  	409A Funds	  	3
	   1.17.
	  	Incentive Award	  	3
	   1.18.
	  	Investment Options	  	3
	   1.19.
	  	Non-409A Funds	  	3
	   1.20.
	  	Participant	  	3
	   1.21.
	  	Plan	  	3
	   1.22.
	  	Profit Sharing Plan	  	3
	   1.23.
	  	Salary	  	3
	   1.24.
	  	Terminate, Terminating, or Termination	  	3
		
	 ARTICLE II
	  	
	 PARTICIPATION
	  	
	   2.01.
	  	Excess Benefits	  	4
	   2.02.
	  	Salary Deferrals	  	4
	   2.03.
	  	Incentive Award Deferrals	  	4
	   2.04.
	  	Bonus Award Deferrals	  	4
	   2.05.
	  	Cessation of Deferrals	  	4
		
	 ARTICLE III
	  	
	 EXCESS BENEFITS
	  	
	   3.01.
	  	Applicability	  	4
	   3.02.
	  	Amount of Benefit	  	4
	   3.03.
	  	Deferral Periods	  	5

  

 -i- 

					
		
	 ARTICLE IV
	  	
	 DEFERRAL ELECTIONS
	  	
	   4.01.
	  	Amounts Subject to Deferral	  	5
	   4.02.
	  	Elections	  	5
	   4.03.
	  	Deferral Periods	  	7
	   4.04.
	  	Automatic Cancellation of Deferral Elections upon Receipt of Hardship Withdrawal from a 401(k) Plan	  	7
		
	 ARTICLE V
	  	
	 BENEFITS
	  	
	   5.01.
	  	Accounts	  	8
	   5.02.
	  	Distributions	  	8
		
	 ARTICLE VI
	  	
	 INVESTMENT OPTIONS
	  	
	   6.01.
	  	Investment Options	  	10
	   6.02.
	  	Election of Investment Options	  	10
	   6.03.
	  	Method of Crediting Interest Adjustments	  	10
		
	 ARTICLE VII
	  	
	 OTHER DISTRIBUTION EVENTS
	  	
	   7.01.
	  	Change of Control	  	11
	   7.02.
	  	Unforeseeable Emergency	  	11
	   7.03.
	  	Withdrawals of Non-409A Funds	  	12
		
	 ARTICLE VIII
	  	
	 PARTICIPANT RIGHTS IN THE UNFUNDED PLAN
	  	
		
	 ARTICLE IX
	  	
	 TERMINATION OF EMPLOYMENT
	  	
	   9.01.
	  	Termination of Employment	  	13
	   9.02.
	  	Vesting	  	13
	   9.03.
	  	Reemployment	  	13
		
	 ARTICLE X
	  	
	 TERMINATION, AMENDMENT OR MODIFICATION OF PLAN
	  	
	 10.01.
	  	Amendment or Termination	  	13
	 10.02.
	  	Notice Requirement	  	13
	 10.03.
	  	Limitation on Amendment, Termination, etc.	  	14
	 10.04.
	  	Effect of Plan Termination	  	14
		
	 ARTICLE XI
	  	
	 OTHER BENEFITS AND AGREEMENTS
	  	
		
	 ARTICLE XII
	  	
	 RESTRICTIONS ON TRANSFER OF BENEFITS
	  	

  

 -ii- 

					
		
	 ARTICLE XIII
	  	
	 ADMINISTRATION OF THE PLAN
	  	
	 13.01.
	  	The Committee	  	15
	 13.02.
	  	Indemnification of the Committee	  	15
	 13.03.
	  	Powers of the Committee	  	15
	 13.04.
	  	Information	  	15
		
	 ARTICLE XIV
	  	
	 MISCELLANEOUS
	  	
	 14.01.
	  	Binding Nature	  	15
	 14.02.
	  	Governing Law.	  	15
	 14.03.
	  	Use of Masculine and Feminine; Singular and Plural	  	16
	 14.04.
	  	No Guarantee of Employment	  	16
	 14.05.
	  	Electronic Administration	  	16
	 14.06.
	  	Deferred Compensation Plan Omnibus Provision	  	16
		
	 ARTICLE XV
	  	
	 ADOPTION
	  	
		
	 EXHIBIT I
	  	
	 PLAN INVESTMENT OPTIONS
	  	

  

 -iii- 

 INTRODUCTION 
 The Board of Directors of A.T. Massey Coal Company, Inc. adopted the Executive Deferred Compensation Plan effective August 1, 1995. The Board determined that the adoption of the Plan would assist it in attracting
and retaining those employees whose judgment, abilities and experience will contribute to its continued progress. The purpose of the Plan is to permit eligible employees to defer a portion of their salary, bonus and incentive awards and to provide a
benefit for these employees whose benefits under the Company’s Profit Sharing Plan are limited by the application of certain limitation provisions of the Code. Eligible Employees are selected by the Committee to participate in the Plan.

 The Plan is intended to be unfunded and maintained primarily for the purpose of providing deferred compensation for a “select group
of management or highly compensated employees” (as such phrase is used in the Employee Retirement Income Security Act of 1974, as amended). The Plan must be administered and construed in a manner that is consistent with that intent. 

The Company amended and restated the Plan effective January 1, 2005 and now desires to amend and restate the Plan again in order to provide for
compliance with the final regulations under Code Section 409A effective January 1, 2009, to the extent applicable to accounts under the Plan; 
 NOW, THEREFORE, the Company hereby declares that the current terms and conditions of the A.T. Massey Coal Company, Inc. Executive Deferred Compensation Plan as amended and restated effective January 1, 2009 are
as follows: 
 ARTICLE I 
 DEFINITIONS 
 The following phrases or terms have the indicated meanings: 
 1.01. Affiliate means (i) any entity that is a member of a controlled group of corporations as defined in Code Section 1563(a), determined without
regard to Code Sections 1563(a)(4) and 1563(e)(3)(c), of which the Company is a member according to Code Section 414(b); (ii) an unincorporated trade or business that is under common control with the Company as determined according to Code
Section 414(c); (iii) a member of an affiliated service group of which the Company is a member according to Code Section 414(m); or (iv) any entity required to be aggregated with the Company according to Code Section 414(o).

 1.02. Beneficiary means the person, persons, entity, entities or the estate of a Participant, who is designated by the Participant on a form
provided by the Company to receive benefits on account of the Participant’s death, or in the absence of any designation, the personal representative of the Participant’s estate. 
 1.03. Board means the Board of Directors of A.T. Massey Coal Company, Inc. 
  

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 1.04. Bonus Award shall mean any bonus, pay adjustment, or other similar payment from the Company or any
Affiliate designated by the Committee. 
 1.05. Change of Control shall be deemed to have occurred if, (i) a third person, including a
“group” as defined in Section 1.409A-3(i)(5)(v)(B) of the Treasury Regulations, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such third person or group) shares of Massey
Energy Company (formerly named Fluor Corporation) having 30% or more of the total voting power of the stock of Massey Energy Company; or (ii) as the result of any cash tender or exchange offer, merger or other business combination or any
combination of the foregoing transactions (a “Transaction”), the persons who were directors of Massey Energy Company before the Transaction are replaced during any 12-month period as directors of Massey Energy Company or any successor to
Massey Energy Company by directors whose appointment or election is not endorsed by a majority of the directors of Massey Energy Company before the Transaction. 
 1.06. Code means the Internal Revenue Code of 1986, as amended, and, to the extent not inconsistent therewith, regulations and other guidance issued thereunder. 
 1.07. Committee means the Executive Benefit Committee appointed by the Board which shall, in accordance with the provisions of Article XII hereof, be responsible for the management and administration of
the Plan. 
 1.08. Company means A.T. Massey Coal Company, Inc. 
 1.09. Deferred Account means a bookkeeping record established for each Participant who elects to receive a Deferred Benefit. A Deferred Account shall be established only for purposes of measuring a
Deferred Benefit and not to segregate assets or to identify assets that may be used to satisfy a Deferred Benefit. A Deferred Account shall be credited with that amount of a Participant’s Salary, Bonus Award or Incentive Award deferred as a
Deferred Benefit according to a Participant’s Election Form. A Deferred Account also shall be credited periodically with interest under Plan Article VI. 
 1.10. Deferred Benefit means the benefit available to an Eligible Employee who has executed a valid Election Form to defer his Salary, Bonus Award or Incentive Award. 
 1.11. Election Date means the date by which an Eligible Employee must submit a valid Election Form. An Eligible Employee’s Election Date, for Salary
to be deferred, shall be a date that is at least fifteen (15) days prior to the payroll period for which his Salary will be reduced and as specified in Plan Section 4.02 or, for a Bonus Award or Incentive Award to be deferred, the date
specified in Plan Section 4.02. 
 1.12. Election Form means the form that a Participant uses to elect to receive a Deferred Benefit
pursuant to Plan Section 4.01. A Participant’s distribution election, investment election and Beneficiary designation are part of the Participant’s Election Form. 
 1.13. Eligible Employee means an individual who (i) is employed by the Company or an Affiliate; and (ii) is a member of management or is a highly compensated employee. 
  

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 1.14. Excess Benefit means the benefit available to an Eligible Employee pursuant to Plan
Section 3.02. 
 1.15. Excess Benefit Account means the bookkeeping record established for each Participant who is entitled to receive an
Excess Benefit. An Excess Benefit Account shall be established only for purposes of measuring an Excess Benefit and not to segregate or to identify assets that may be used to satisfy an Excess Benefit. An Excess Benefit Account also shall be
credited periodically with interest under Plan Article VI. 
 1.16. 409A Funds shall mean that part of any Deferred Account or Excess Benefit
Account considered to be deferred compensation and covered by the rules of Code Section 409A. 
 1.17. Incentive Award means any cash
award made pursuant to the terms of the Massey Energy Company 1999 Executive Performance Incentive Plan or any other incentive plan or arrangement of Massey Energy Company, the Company or any Affiliate designated by the Committee. 
 1.18. Investment Options shall mean the investment options shown on Exhibit I. 
 1.19. Non-409A Funds shall mean that part of any Deferred Account or Excess Benefit Account not considered to be deferred compensation covered by the rules of Code Section 409A including the part of
any Deferred Account or Excess Benefit Account as of December 31, 2004, the right to which is earned and vested as of such date, plus any future contributions to such accounts, the right to which was earned and vested as of such date, to the
extent such contributions are actually made, and applicable earnings (less losses) on such amounts. 
 1.20. Participant means an Eligible
Employee who satisfies the requirements for participation set forth in Article II. An individual shall remain a Participant only so long as the individual remains an Eligible Employee and he continues to satisfy such requirements. 
 1.21. Plan means the A.T. Massey Coal Company, Inc. Executive Deferred Compensation Plan, as amended and restated hereafter. 
 1.22. Profit Sharing Plan means the Coal Company Salary Deferral and Profit Sharing Plan. 
 1.23. Salary means a Participant’s base salary and does not include commissions, bonuses, incentive pay, equity compensation or other irregular payments from the Company or any Affiliate designated
by the Committee. 
 1.24. Terminate, Terminating, or Termination with respect to a Participant, mean the cessation of Participant’s
employment with the Company and its Affiliates on account of death, disability, severance or any other reason. Cessation of employment shall be interpreted consistent with the rules for a “separation from service” for purposes of Code
Section 409A, and the Company and each Affiliate shall be treated as a single employer. 
  

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 ARTICLE II 
 PARTICIPATION 
 2.01. Excess Benefits 
 The Committee shall designate the Eligible Employees who are entitled to accrue Excess Benefits under the Plan and shall determine the date such Eligible
Employees may begin participation. A Participant shall continue to participate and accrue Excess Benefits until such date as the Committee may declare he is no longer a Participant entitled to accrue Excess Benefits or until the date that he is no
longer an Eligible Employee. 
 2.02. Salary Deferrals 
 The Committee shall select the Eligible Employees who are entitled to defer all or a portion of their Salary pursuant to the provisions of Plan Section 4.02(a). 
 2.03. Incentive Award Deferrals 
 The Committee
shall select the Eligible Employees who will be entitled to defer all or a portion of their Incentive Award pursuant to the provisions of Plan Section 4.02(b). 
 2.04. Bonus Award Deferrals 
 The Committee shall select the Eligible Employees who are
entitled to defer all or a portion of their Bonus Award pursuant to the provisions of Plan Section 4.02(c). 
 2.05. Cessation of
Deferrals 
 Elections of Eligible Employees to defer all or a portion of their Salary, Incentive Award and Bonus Award will cease as
soon as permissible under Section 409A of the Code on and after such date the Committee declares that the Eligible Employee is no longer a Participant entitled to defer all or any portion of his Salary, Incentive Award or Bonus Award or he is
no longer an Eligible Employee. 
 ARTICLE III 
 EXCESS BENEFITS 
 3.01. Applicability 
 This Article III applies only to those Participants who are eligible for an Excess Benefit pursuant to Plan Section 2.01. 
 3.02. Amount of Benefit 
 As of each
December 31, the Company shall credit the Excess Benefit Account of each Eligible Employee who is entitled to accrue an Excess Benefit with an amount equal to the sum of: 
 (a) the excess of the amount of Company matching contributions which would have been made to the account of such Participant for such calendar year under
the Profit Sharing Plan, if such Participant had received a Company matching contribution at the percentage rate applicable to non-highly compensated participants, over the actual amount of Company matching contributions allocated to his accounts
for such calendar year; plus 
  

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 (b) the amount of Company matching contributions which would have been made to the account of such
Participant for such calendar year under the Profit Sharing Plan, but for the limitations imposed by Code Sections 401(a)(17), 402(g) and 415 if the Participant had contributed to the Profit Sharing Plan the amounts deferred under Article IV of this
Plan and had received a Company matching contribution at the percentage rate applicable to non-highly compensated participants; provided, however, that in no event shall any Company matching contribution apply to amounts deferred, in excess of ten
percent of the Participant’s total cash compensation (Salary, Bonus Awards and Incentive Awards combined), minus amounts contributed by the Participant under the Profit Sharing Plan. Interest shall accrue on a Participant’s Excess Benefit
Account in accordance with Article VI. 
 3.03. Deferral Periods 
 Unless otherwise permitted by the Committee, any time of payment election for Salary deferrals shall also apply to a Participant’s Excess Benefit. This rule may be applied for separate years or portions of a
Participant’s Excess Benefit Account on such basis as it determines. 
 The time for filing a specified deferral period election for a
Participant’s Excess Benefit attributable to a year is the same as for filing a Salary deferral election for that same year, provided, however, that the Committee may not permit a specified deferral period election to be made for a
Participant’s Excess Benefit later than the last day of the calendar year immediately preceding the calendar year for which the Excess Benefit will be credited or any earlier date required therefor under Code Section 409A. 
 ARTICLE IV 
 DEFERRAL ELECTIONS

 4.01. Amounts Subject to Deferral 
 Subject to the effect of any previously authorized or required deductions, reductions or income or employment tax withholdings applicable to such compensation, an Eligible Employee who is selected to be a Participant
may elect to defer all or any portion of his Salary, any Incentive Award or any Bonus Award, as applicable. 
 4.02. Elections 
 (a) Salary Deferrals. The amount of Salary to be deferred for future payroll periods must be specified by the Participant in writing on an Election
Form delivered to his corporate employer as a fixed percentage of his Salary. A deferral election for a calendar year must be filed by the date designated by the Committee but in no event later than the last day of the calendar year immediately
preceding the calendar year it is to become effective and will continue in effect until a subsequent election or termination of the election is received by the Company and becomes effective, provided, however, that a deferral election may be filed
through thirty 

  

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(30) days after the Eligible Employee is first designated as a Participant to the extent permitted by Code Section 409A for a Participant’s first
year of eligibility. Thereafter, a new Election Form may be filed annually by the date designated by the Committee but in no event later than the last day of the calendar year immediately preceding the calendar year it is to become effective, and
any modification or revocation shall be effective on the first day of the calendar year to which such modification or revocation relates. Any Salary deferral election for a calendar year may not be changed, revoked or re-initiated after the latest
time for making it or during the calendar year for which made. 
 (b) Incentive Awards Deferrals. The amount of any Incentive Award to
be deferred must be specified by the Participant in writing on an Election Form delivered to his corporate employer no later than the last day of the calendar year immediately preceding the calendar year that includes the beginning of the period for
which performance is measured in determining the amount of the Incentive Award. The amount to be deferred may be a fixed dollar amount or a percentage of the Incentive Award. Notwithstanding the foregoing, the Committee may permit deferral elections
for any amount of an Incentive Award which is performance-based compensation based on services to be performed over a period of at least twelve (12) months (within the meaning of Code Section 409A(a)(4)(B)(iii)) to be made not later than
six (6) months prior to the end of the period for which the performance is to be measured to determine the amount of the Incentive Award that will become payable. Any Incentive Award deferral election may not be modified or revoked by the
Participant after the latest time for making the election. 
 (c) Bonus Awards Deferrals. The amount of any Bonus Award to be deferred
must be specified by the Participant in writing on an Election Form delivered to his corporate employer no later than the last day of the calendar year preceding the calendar year that includes the beginning of the period for which the Bonus Award
is paid. The amount to be deferred may be a fixed dollar amount or a percentage of the Bonus Award. Notwithstanding the foregoing, the Committee may permit deferral elections for any amount of a Bonus Award which is performance-based compensation
based on services performed over a period of at least twelve (12) months (within the meaning of Code Section 409A(a)(4)(B)(iii)) to be made not later than six (6) months prior to the end of the period for which the performance is to
be measured to determine the amount of the Bonus Award that will become payable. Any Bonus Award deferral election may not be modified or revoked by the Participant after the latest time for making the election. 
 (d) Initial Deferrals with respect to Certain Forfeitable Rights. In addition to the foregoing deferral election options, the Committee may offer
a deferral right under the Plan with respect to a legally binding right to any Incentive and/or Bonus Award payment otherwise scheduled to be made in a subsequent year that is subject to a forfeiture condition requiring the Participant’s
continued services for a period of at least thirteen (13) months from the date the Participant obtains the legally binding right, through a deferral election in writing on an Election Form delivered to his corporate employer no later than the
30th day after the Participant obtains the legally binding right to the compensation, provided that the election is effective at least twelve (12) months in advance of the earliest date at which the forfeiture condition could lapse. Any such
Incentive or Bonus Award deferral election may not be modified or revoked by the Participant after the latest time for making the election. 
  

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 (e) Initial Deferral Election with Respect to Short-term Deferrals. In addition to the foregoing
deferral election options, the Committee may offer a deferral right under the Plan with respect to a legally binding right to any Incentive and/or Bonus Award payment in a subsequent taxable year that, absent a deferral election, would not be
treated as a deferral of compensation under Code Section 409A by reason of the “short-term deferral” provisions of Treas. Reg. Section 1.409A-1(b)(4), through a deferral election in writing on an Election Form delivered to his
corporate employer, provided that the election is made at least twelve (12) months in advance of the date the “short-term deferral” amount would otherwise be paid, the election is not effective for twelve (12) months and payment
is deferred at least five (5) years from the date the “short-term deferral” amount would otherwise be paid. Any such Incentive or Bonus Award deferral election may not be modified or revoked by the Participant after the latest time
for making the election. 
 4.03. Deferral Periods 
 Unless otherwise specified by the Participant at the time of his deferral election, payment of such
amounts shall be deferred until such Participant’s Termination. The Participant may specify a deferral period which may not extend beyond the date upon which such Participant reaches age 70 1/2. If a specific deferral period has been selected, the deferral period shall end upon the earlier to occur of: (i) the Participant’s Termination or (ii) the
expiration of the specified deferral period. Any specified deferral period may not be modified or revoked by the Participant after the latest time for making the deferral election in question. The Committee may permit separate deferral period
elections for separate years or deferrals on such basis as it determines. 
 The time for filing a specified deferral period election
is the same as for filing the Salary, Incentive Award or Bonus Award deferral election to which it relates. 
 4.04. Automatic Cancellation of Deferral
Elections upon Receipt of Hardship Withdrawal from a 401(k) Plan 
 (a) A Participant’s deferral elections under this Plan in
effect at the time of a 401(k) hardship withdrawal shall be cancelled (rather than postponed or delayed) prospectively so that no further deferrals from his Salary, Incentive Award and Bonus Award shall be made during the 401(k) hardship withdrawal
required cancellation period or with respect to the calendar year in which the 401(k) hardship withdrawal required cancellation period begins. Such cancellation shall be effected in accordance with the requirements of Code Section 409A and, to
the extent not inconsistent therewith, the provisions of this Plan Section 4.04. 
 (b) A Participant whose deferral elections under
this Plan are canceled pursuant to this Section 4.04 may file a new deferral election in order to commence or recommence making deferrals under the Plan from his Salary, Incentive Award and Bonus Award at the later of (i) the first payroll
period that commences after the end of the 401(k) hardship withdrawal required cancellation period or (ii) the Participant’s next election period under the Plan. The new election shall be made in the same manner as other elections under
the Plan, but no later than the last day required for filing the Participant’s next or any subsequent election on or following which the Participant’s deferrals from his compensation will commence or recommence, and shall apply only to
Salary, Incentive Award and Bonus Award earned after the new election becomes effective as and to the extent required by Code Section 409A. 
  

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 (c) For purposes hereof, the following terms have the following meanings: 
 (i) A “401(k) hardship withdrawal” is a hardship withdrawal from a 401(k) plan which requires a suspension of employee contributions and
elective deferrals as a result of receipt of the hardship withdrawal in order to satisfy the regulations under Code Section 401(k). 
 (ii) The “401(k) hardship withdrawal required cancellation period” means the 6 month period (or other stated period in the 401(k) plan) during which employee contributions and elective deferrals must be suspended as a result of
receipt of a 401(k) hardship withdrawal in order to satisfy the regulations under Code Section 401(k). 
 (iii) A “401(k)
Plan” means a plan qualified under Code Section 401(a) that contains a cash or deferral arrangement described in Code Section 401(k) maintained by the Company or any Affiliate or successor thereto. 
 ARTICLE V 
 BENEFITS

 5.01. Accounts 
 (a)
Deferred Benefit Account. Deferred Benefits shall be credited to a Deferred Account as of the last day of the payroll period in which the deferred Salary would have been paid and with respect to any Bonus or Incentive Award, as of the date
such award would have been paid. Interest shall accrue monthly on the balance in a Deferred Account as described in Article VI. 
 (b)
Excess Benefit Account. Excess Benefits shall be credited to an Excess Benefit Account as of the time specified in Article III. Interest shall accrue monthly on the balance in a Excess Benefit Account as described in Article VI. 

5.02. Distributions 
 (a) Except as set
forth in Plan Section 5.02(f), all Deferred Benefits and Excess Benefits, less withholding for applicable income and employment taxes, shall be paid or commence being paid in cash on the earlier of (i) January 31 of the year
immediately following the Participant’s termination date or (ii) the date specified in the Participant’s applicable Election Form timely filed in accordance with Plan Section 4.02. 
 (b) Deferred Benefits and Excess Benefits shall be paid in a lump sum unless the Participant’s applicable Election Form specifies annual installment
payments over a period of up to twenty (20) years. Installment payments will be made in approximately equal amounts during each year of the installment period with any increase (or decrease) in the amount that reflects the earnings (or losses)
on such unpaid balances through the date of payment. For a Deferred Benefit or an Excess Benefit payable in installments, interest under Article VI shall continue to accrue on the unpaid balance of a Deferred Account or Excess Benefit Account, as
applicable. 
  

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 Unless otherwise permitted by the Committee (but in compliance with Code Section 409A), any form of
payment election for Salary deferrals shall also apply to a Participant’s Excess Benefit. Otherwise, the time for filing a form of payment election for a Participant’s Excess Benefit attributable to a year is the same as for filing a
Salary deferral election for that same year. This rule may be applied for separate years or portions of a Participant’s Excess Benefit Account on such basis as it determines. 
 Any specified form of payment may not be modified or revoked by the Participant after the latest time for making the deferral election in question. The
Committee may permit separate form of payment elections for separate years or deferrals on such basis as it determines. 
 (c) If the Company
reasonably anticipates that the Company’s deduction with respect to any distribution from this Plan of all or part of a Deferred Benefit or Excess Benefit would be limited or eliminated by application of Code Section 162(m), then to the
extent permitted by Treas. Reg. Section 1.409A-2(b)(7)(i), payment shall be delayed as deemed necessary to ensure that the entire amount of any such distribution from this Plan is deductible. Any amounts for which distribution is delayed
pursuant to this Section shall continue to be credited/debited with additional amounts in accordance with Article VI. The delayed amounts (and any amounts credited thereon) shall be distributed to the Participant (or his or her Beneficiary in the
event of Participant’s death) at the earliest date the Company reasonably anticipates that the deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m), subject to Plan
Section 5.02(f). 
 (d) A Participant or Beneficiary may not assign Deferred Benefits or Excess Benefits. Only one Beneficiary
designation form may be effective at any one time to designate one or more Beneficiaries for all of his Deferred Benefits or Excess Benefits under the Plan. Such designations are revocable. In the event that a Participant dies while receiving
installment payments under the Plan, each Beneficiary shall receive his portion of the Participant’s Deferred Account and the Participant’s Excess Benefit Account in the same form for the remainder of the installment period. In the event
that a Participant dies prior to the commencing payments, each Beneficiary shall receive his portion of the Participant’s Deferred Account and the Participant’s Excess Benefit Account in the same form and according to the same schedule as
the Participant would have received the payments. 
 (e) If Plan interest adjustments are not determined on a daily valuation basis, unless
otherwise determined by the Committee, any lump sum or installment payment shall be made in an initial payment and a true-up payment by paying 90% of the previous month end (or other time of valuation hereunder) balance at the designated payment
date and then making a second payment truing up the payment which shall include both the remaining 10% plus an interest adjustment for the month (or partial portion of the month if paid earlier than the end of the month) of the initial 90% payment,
which second payment shall be made during the month following the month of the initial payment. The Committee may change the 90% and 10% figures in order to anticipate substantial fluctuations in interest adjustments. 
 (f) If at any time when the Company has any stock publicly traded on an established securities market or otherwise, a Participant who is a
“specified employee” (as defined in regulations promulgated under Section 409A of the Code) is entitled to benefits under this Plan upon a “separation from service” then to the extent necessary to comply with the
“specified employee” rule of Code 

  

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Section 409A, no payments may be made hereunder before the date which is six months after the Participant’s separation from service or if earlier,
his date of death. All such amounts which would have otherwise been required to be paid to the Participant during such six (6) months or, if earlier, the Participant’s death, shall be paid in one lump sum payment as soon as
administratively practicable after the date which is six (6) months after the Participant’s separation from service or, if earlier, the Participant’s death. Any other payments scheduled to be made after such period shall be made at
the same times otherwise designated herein disregarding the delay for payments required pursuant to this Section 5.02(f). This provision is intended to comply with the “specified employee” rule of Code Section 409A and shall be
interpreted accordingly. 
 ARTICLE VI 
 INVESTMENT OPTIONS 
 6.01. Investment Options 
 The Company has selected the Investment Options described in Exhibit I any of which may be changed, modified or deleted, or additional investment options
may be added, from time to time by the Committee. 
 6.02. Election of Investment Options 
 (a) At the time that an Eligible Employee first becomes a Participant, the Participant shall allocate deferrals and accounts among the Investment Options.
Such Investment Options will be used as a measure of the investment performance of his Deferred Account and his Excess Benefit Account, if applicable. A Participant may specify that all or any 10% multiple of his Deferred Account and his Excess
Benefit Account, if applicable, be deemed to be invested in one or more of the Investment Options. 
 (b) A Participant may reallocate the
Investment Options for his Deferred Account and his Excess Benefit Account once every six months (or more frequently as the Committee may permit) in 10% multiples (or such other multiple or a specified dollar amount as the Committee may permit). Any
reallocation will be effective as of the first day of the calendar month (or such more frequent period as the Committee may provide) following the date on which an appropriately completed election form is received by the Committee. Until a
Participant delivers a new Investment Option form to the Committee (or its delegate), his prior Investment Options shall control. If a Participant fails to select an Investment Option for his Deferred Account and his Excess Benefit Account, he shall
be deemed to have elected the Default Investment Option as provided in Exhibit I. 
 6.03. Method of Crediting Interest Adjustments

 Interest will be credited to a Participant’s Deferred Account and his Excess Benefit Account as follows: As of the last day of each
month (or such more frequent period as the Committee may provide) in which any amount remains credited to the Deferred Account or the Excess Benefit Account of a Participant, each portion of such accounts deemed invested in a particular Investment
Option shall either be credited or debited with an amount equal to that determined by multiplying the balance of such portion of such account as of the last day of the preceding month (or such more frequent period as the Committee may provide) by
the return rate for 

  

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that month (or other provided period) for the applicable Investment Option. As to the applicable amount distributed, the Company shall make crediting or
debiting adjustments to each Participant’s Deferred Account or his Excess Benefit Account on the last day of the month (or such more frequent period as the Committee may provide) of the date of distribution. 
 ARTICLE VII 
 OTHER DISTRIBUTION
EVENTS 
 7.01. Change of Control 
 Notwithstanding any other provision of this Plan, if a Participant’s employment with the Company and its Affiliates Terminates for any reason other than death, within the two-year period beginning on the date that a Change of Control
occurs, then the Company shall pay to the Participant within the first 15 days of the month following such termination a lump sum distribution of his Deferred Account and his Excess Benefit Account. If the Participant dies after Termination but
before payment of any amount under this Plan Section, then such amount shall be paid to the Beneficiary within the first 15 days of the month following the Participant’s death. Notwithstanding the foregoing, in the case of any 409A Funds,
payment thereof shall not be made earlier than the earliest time of payment permitted under Code Section 409A as described in Plan Section 5.02(f). In addition, notwithstanding the foregoing, this Section 7.01 shall not apply to any
Non-409A Funds to which this distribution right was not available on October 3, 2004. 
 7.02. Unforeseeable Emergency 
 (a) A distribution of a portion of a Participant’s Deferred Account or Excess Benefit Account because of an Unforeseeable Emergency will be permitted
only to the extent required by the Participant to satisfy the emergency need plus, in the case of a withdrawal of 409A Funds if approved by the Committee, amounts necessary to pay taxes reasonably anticipated as a result of the distribution. Whether
an Unforeseeable Emergency has occurred will be determined solely by the Committee. Distributions in the event of a Unforeseeable Emergency may be made by and with the approval of the Committee upon written request by a Participant. 
 (b) An “Unforeseeable Emergency” is defined as a severe financial hardship to the Participant resulting from 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 152(b)(1), (b)(2) and (d)(1)(B)); a 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, for example, not as a result of a natural disaster); or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant. In addition, the need to pay for medical expenses, including non-refundable deductibles, as well as for the cost of prescription drug medication, may constitute an
Unforeseeable Emergency. Finally, the need to pay for funeral expenses of a spouse, beneficiary or dependent may also constitute an Unforeseeable Emergency. The circumstances that will constitute an Unforeseeable Emergency will depend upon the facts
of each case, but, in any event, any distribution under this Plan Section shall not exceed the amount required by the Participant to satisfy the Unforeseeable Emergency after (i) reimbursement or compensation through 

  

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insurance or otherwise, (ii) liquidation of the Participant’s assets, to the extent such liquidation would not itself cause a severe financial
hardship, or (iii) suspension, to the extent available under the Plan and not prohibited by the deferral election change rules of Code Section 409A, of deferrals under the Plan. 
 (c) Notwithstanding the foregoing, this Section shall not apply to any Non-409A Funds to which this withdrawal right was not available on October 3,
2004, and to the extent the definition of “Unforeseeable Emergency” set forth above would result in a material modification within the meaning of Code Section 409A with respect to the Non-409A Funds, the definition of
“Unforeseeable Emergency” in effect under the Plan on December 31, 2004 shall apply in lieu of the above definition. 
 7.03.
Withdrawals of Non-409A Funds 
 A Participant may elect by filing with the Company a form specified by the Committee, to
receive an amount equal to 90% of his Non-409A Funds in his Deferred Account or Excess Benefit Account at any time prior to his Termination. The amount of any withdrawal shall be distributed to the Participant in a single lump sum as soon as
administratively practical following such election. If a Participant makes an election described in this Plan Section, the balance of the Participant’s Non-409A Funds in his Deferred Account or Excess Benefit Account not distributed to the
Participant shall be forfeited to the Company; and the amount to which he is entitled under this Section 7.03 shall be distributed to the Participant in a single lump sum as soon as administratively practical following such election. In
addition, unless prohibited by the deferral election change rules of Code Section 409A, the Participant shall be prohibited from making a Salary deferral for the balance of the year in which this distribution is made and for the following year.
Unless prohibited by the deferral election change rules of Code Section 409A, any elections previously made pursuant to Plan Section 4.01 shall cease to be effective. Notwithstanding the foregoing, this Section shall not apply to any
Non-409A Funds to which this withdrawal right was not available on October 3, 2004. 
 ARTICLE VIII 
 PARTICIPANT RIGHTS IN THE UNFUNDED PLAN 
 The Company has only a contractual obligation to pay the benefits described in the Plan. All benefits are to be satisfied solely out of the general corporate assets of the Company which shall remain subject to the claims of its creditors.
No assets of the Company will be segregated or committed to the satisfaction of its obligations to any Participant or Beneficiary under this Plan. No obligation under the Plan shall be deemed to be secured by any pledge or any encumbrance on any
property of the Company. Assets segregated or identified by the Company for the purpose of paying benefits pursuant to the Plan remain general corporate assets subject to the claims of the Company’s creditors. 
  

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 ARTICLE IX 
 TERMINATION OF EMPLOYMENT 
 9.01. Termination of Employment 
 Except as provided in Plan Section 9.02, a Participant who ceases to be an Eligible Employee or whose employment with the Company and its Affiliates
is terminated either with or without cause for reasons other than death or retirement, shall immediately cease to be a Participant under this Plan and shall forfeit all non-vested rights under this Plan. Further, except as provided in Plan
Section 9.02, in no event shall an individual who was a Participant but is not a Participant at the time of such individual’s death or retirement, have any rights under the Plan. A Participant on authorized leave of absence from the
Company shall not be deemed to have terminated employment or lost his status as an Eligible Employee for the duration of such leave of absence. 
 9.02.
Vesting 
 A Participant’s right to amounts credited to his Deferred Account and his Excess Benefit Account are always
fully vested and nonforfeitable. 
 9.03. Reemployment 
 A Participant who ceases to be an employee of the Company or any Affiliate and who is subsequently reemployed by the Company or an Affiliate shall not accrue any additional benefits on account of such later service
for periods in which he is not a Participant. 
 ARTICLE X 
 TERMINATION, AMENDMENT OR MODIFICATION OF PLAN 
 10.01. Amendment or Termination 
 Except as otherwise specifically provided, the Company reserves the right to terminate, amend or modify this Plan, wholly or partially, at any time and
from time to time. Such right to terminate, amend or modify the Plan shall be exercised by the Board. 
 10.02. Notice Requirement 

(a) Plan Section 10.01 notwithstanding, no action to terminate the Plan shall be taken except upon written notice to each Participant to be
affected thereby, which notice shall be given not less than 30 days prior to such action. 
 (b) Any notice which shall be or may be given
under the Plan shall be in writing and shall be mailed by United States mail, postage prepaid. If notice is to be given to the Company such notice shall be addressed to it at 4 North Fourth Street, Richmond, Virginia 23219; addressed to the
attention of the Senior Vice President and General Counsel. If notice is to be given to a Participant, such notice shall be addressed to the Participant’s last known address. 
  

 -13- 

 10.03. Limitation on Amendment, Termination, etc. 
 The rights of the Company set forth in Plan Section 10.01 are subject to the condition that the Board or its delegate shall take no action to amend
or terminate the Plan if such amendment or termination would decrease the benefit that has commenced prior to the effective date of the amendment or termination or that would become payable if the Participant terminated for any reason (other than
for cause) including death, on such effective date, or if such amendment is otherwise prohibited by the deferral election change, distribution or other rules of Code Section 409A. 
 10.04. Effect of Plan Termination 
 Except as provided in Plan Sections 10.01 and 10.03 and in
the following sentence, upon the termination of this Plan by the Board, the Plan shall no longer be of any further force or effect, and neither the Company, any Affiliate nor any Participant shall have any further obligation or right under this
Plan. Likewise, the rights of any individual who was a Participant and whose designation as a Participant is revoked or rescinded by the Committee shall cease upon such action except with respect to benefits that have accrued for such individual as
of the date of revocation or rescission. 
 Notwithstanding any other provision herein to the contrary, in the event of Plan termination,
payment of 409A Funds in Deferred Accounts and Excess Benefit Accounts shall not occur earlier than any time permitted under Code Section 409A. 
 ARTICLE XI 
 OTHER BENEFITS AND AGREEMENTS 
 The benefits provided for a Participant and his Beneficiary under the Plan are in addition to any other benefits available to such Participant under any
other plan or program of the Company for its employees, and, except as may otherwise be expressly provided for, the Plan shall supplement and shall not supersede, modify or amend any other plan or program of the Company in which a Participant is
participating. 
 ARTICLE XII 
 RESTRICTIONS ON TRANSFER OF BENEFITS 
 No right or benefit under the Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities, or torts of the person entitled to
such benefit. If any Participant or Beneficiary under the Plan should become bankrupt or attempt to anticipate, alienate, sell, assign, pledge, encumber or charge any right to a benefit hereunder, then such right or benefit, in the discretion of the
Committee, shall cease and terminate, and, in such event, the Committee may hold or apply the same or any part thereof for the benefit of such Participant or Beneficiary, his or her spouse, children, or other dependents, or any of them, in such
manner and in such portion as the Committee may deem proper. 
  

 -14- 

 ARTICLE XIII 
 ADMINISTRATION OF THE PLAN 
 13.01. The Committee 
 The Plan shall be administered by the Committee. Subject to the provisions of the Plan, the Committee may adopt such rules and regulations as may be
necessary to carry out the purposes hereof. The Committee’s interpretation and construction of any provision of the Plan shall be final and conclusive. 
 13.02. Indemnification of the Committee 
 The Company shall indemnify and save harmless each member of the Committee
against any and all expenses and liabilities arising out of membership on the Committee, excepting only expenses and liabilities arising out of a member’s own willful misconduct. Expenses against which a member of the Committee shall be
indemnified hereunder shall include without limitation, the amount of any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in connection with a claim asserted, or a proceeding brought or settlement thereof. The
foregoing right of indemnification shall be in addition to any other rights to which any such member may be entitled. 
 13.03. Powers of the
Committee 
 In addition to the powers hereinabove specified, the Committee shall have the power to compute and certify the amount and
kind of benefits from time to time payable to Participants and their Beneficiaries under the Plan, to authorize all disbursements for such purposes, and to determine whether a Participant is entitled to a benefit under the Plan. 
 13.04. Information 
 To enable the Committee to
perform its functions, the Company shall supply full and timely information to the Committee on all matters relating to the compensation of all Participants, their retirement, death or other cause for termination of employment, and such other
pertinent facts as the Committee may require. 
 ARTICLE XIV 
 MISCELLANEOUS 
 14.01. Binding Nature 
 The Plan shall be binding upon the Company, any participating Affiliates and its successors and assigns, subject to the provisions set forth in Article X,
and upon a Participant, his or her Beneficiary, and either of their assigns, heirs, executors and administrators. 
 14.02. Governing Law

 To the extent not preempted by federal law, the Plan shall be governed and construed under the laws of the Commonwealth of Virginia
(including its choice of law rules, except to the extent those rules would require the application of the law of a state other than Virginia) as in effect at the time of their adoption and execution, respectively. 
  

 -15- 

 14.03. Use of Masculine and Feminine; Singular and Plural 
 Masculine pronouns wherever used shall include feminine pronouns and the use of the singular shall include the plural. 
 14.04. No Guarantee of Employment 
 The Plan
does not in any way limit the right of the Company or an Affiliate at any time and for any reason to terminate the Participant’s employment or such Participant’s status as an Eligible Employee. In no event shall the Plan, by its terms or
by implication, constitute an employment contract of any nature whatsoever between the Company or an Affiliate and a Participant. 
 14.05. Electronic
Administration 
 Notwithstanding anything to the contrary in the Plan, the Committee may provide from time to time that Participant
elections, and any other aspect of Plan administration may be made by telephonic or other electronic means rather than in paper form. 
 14.06.
Deferred Compensation Plan Omnibus Provision 
 It is intended that any compensation, benefits or other remuneration which is
provided pursuant to or in connection with the Plan which is considered to be deferred compensation subject to Code Section 409A shall be provided and paid in a manner, and at such time and in such form, as complies with the applicable
requirements of Code Section 409A to avoid the unfavorable tax consequences provided therein for non-compliance. The Committee is authorized to amend the Plan or any election under the Plan as may be determined by it to be necessary or
appropriate to evidence or further evidence required compliance with Code Section 409A. 
 It is specifically intended that all
elections, consents and modifications thereto under the Plan will comply with the requirements of Code Section 409A (including any transition or grandfather rules thereunder). The Committee is authorized to adopt rules or regulations deemed
necessary or appropriate in connection therewith to anticipate and/or comply with the requirements of Code Section 409A (including any transition or grandfather rules thereunder). 
 It is also intended that if any compensation, benefits or other remuneration which is provided pursuant to or in connection with the Plan is considered
to be deferred compensation subject to Code Section 409A but for being earned and vested as of December 31, 2004 (i.e., Non-409A Funds), then no material modification of the Plan after October 3, 2004 shall apply to such Plan benefits
which are earned and vested as of December 31, 2004 unless such modification expressly so provides and then complies with Code Section 409A. 
  

 -16- 

 ARTICLE XV 
 ADOPTION 
 The Company has adopted this restatement of the Plan pursuant to action taken by
the Board. 
 As evidence of its adoption of this restatement of the Plan, A.T. Massey
Coal Company, Inc. has caused this document to be signed by its undersigned officer, this 23RD day of December, 2008, effective January 1,
2009. 
  

	
	 A.T. MASSEY COAL COMPANY, INC.

	
	 /s/ John M. Poma

	 Name: John M. Poma

	 Title: Vice President - Human Resources

  

 -17- 

 EXHIBIT I 
 PLAN INVESTMENT OPTIONS 
 (Effective as of July 30, 2008) 
 Effective July 30, 2008, the following Investment Funds (with the description of investment objectives and strategy being as of March 31, 2008, but subject to
change by the fund managers as permitted by the applicable fund governing documents) are available under the Plan: 
  

	 	•	 	 INVESCO Stable Value Trust is managed by INVESCO Institutional (N.A.), Inc. This fund seeks the preservation of principal and interest income
reasonably obtained under prevailing market conditions and rates, consistent with seeking to maintain required liquidity. 

  

	 	•	 	 Oppenheimer Strategic Income Fund is managed by Oppenheimer Funds. This fund seeks high current income by investing mainly in debt securities. The
fund invests mainly in debt securities of issuers in three market sectors: foreign governments and companies, J.S. government securities and lower-rated high yield securities of U.S. and foreign companies (commonly called “junk bonds”).
The fund can invest 100% of its assets in any one sector at any time. 

 This fund replaces the INVESCO Core Fixed Income
Trust effective July 30, 2008; and all Plan balances held in, and all contribution investment directions allocating funds to, the INVESCO Core Fixed Income Trust otherwise in effect on July 30, 2008 shall automatically be converted to
investment directions allocating funds to the Oppenheimer Strategic Income Fund. 
  

	 	•	 	 American Balanced Fund is managed by The American Funds Group. This fund seeks capital preservation, current income, and long-term growth of capital
and income. This fund normally invests in a broad range of securities including stocks and bonds. The Fund may also invest in securities issued and guaranteed by the U.S. government. 

  

	 	•	 	 American Fundamental Investors is managed by The American Funds Group. This fund seeks long-term growth of capital and income and
invests primarily in common stocks or securities convertible into common stocks and may invest up to 80% of its assets in securities of issuers domiciled outside the U.S. and not included in the S&P 500 Composite market instruments.

  

	 	•	 	 Vanguard 500 Index Fund is managed by The Vanguard Group, Inc. This fund seeks to match the performance of a benchmark index that measures the
investment return of large-capitalization stocks. This fund employs a passive management strategy designed to track the performance of the S&P 500 Index, which is dominated by the stocks of large U.S. companies. 

  

	 	•	 	 AIM Constellation Fund is managed by AIM Investors, Inc. This fund seeks growth of capital. This fund invests primarily in common stocks of companies
the portfolio managers believe are likely to benefit from new or innovative products, services or processes as well as those that have experienced above-average, long-term growth in earnings and have excellent prospects for future growth. The fund
will invest without regard to market capitalization and may also invest up to 20% of its total assets in foreign securities. 

  

 -18- 

	 	•	 	 Allianz OpCap Renaissance Fund is managed by Allianz Global Investors Distributors, LLC. This fund seeks long-term capital growth and current income.
This fund primarily invests in common stocks of companies with below-average valuations whose business fundamentals are expected to improve. The fund may invest in foreign securities. 

  

	 	•	 	 Thornburg International Value Fund is managed by Thornburg Investment Management, Inc. The fund seeks long-term capital appreciation by investing
primarily in foreign securities or depository receipts of foreign equity and debt securities. The fund may invest in companies of any size, but invests primarily in the large and middle range of public company market capitalizations. The fund may
also invest in developing markets. 

 This Investment Fund was added as an available Investment Fund under the Plan
effective July 30, 2008. 
 Effective July 30, 2008, the following fund ceased to be an available Investment Funds under the Plan: 

 

	 	•	 	 INVESCO Core Fixed Income Trust is managed by INVESCO Institutional (N.A.), Inc. This fund seeks current income, with a secondary objective of capital
appreciation. Under normal market conditions, this fund will primarily invest in investment grade fixed income securities of varying maturities, coupon rates, issuer classes, yield characteristics, and other characteristics; however, this fund also
may invest in money market instruments or other securities. 

  

 -19-

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