Document:

Oncor Supplemental Retirement Plan

 Exhibit 10(q) 
 ONCOR 
 SUPPLEMENTAL RETIREMENT PLAN 

Effective as of January 1, 2010 

 Contents 
  
  
  

			
	 ARTICLE ONE Purposes of the Plan
	  	1
	 ARTICLE TWO Definitions
	  	2
	 ARTICLE THREE Allocation of Costs
	  	4
	 ARTICLE FOUR Benefits
	  	5
	 ARTICLE FIVE Miscellaneous
	  	7

  

 i 

 ONCOR 
 SUPPLEMENTAL RETIREMENT PLAN 
 (Effective as of January 1, 2010) 

ARTICLE ONE 
 Purposes of the Plan 
 1.1 The Oncor Supplemental Retirement Plan (“Plan”) is hereby
established effective as of January 1, 2010. The Plan is being established as a combination of two separate spin-off plans: (1) the EFH Second Supplemental Retirement Plan (“EFH Plan”); and (2) the Retirement Income
Restoration Plan of ENSERCH Corporation and Participating Subsidiaries (“ENSERCH Plan”). The Plan, therefore, will assume and provide for the satisfaction of benefit liabilities accrued under the EFH Plan and the ENSERCH Plan as of
December 31, 2008, with respect to certain employees of the Company and its subsidiaries and certain other individuals as designated by the Company. The principal purpose of the Plan is to provide benefits for Participants in excess of the
limitations on contributions and benefits imposed by relevant provisions of the Internal Revenue Code of 1986, as amended (the “Code”), on qualified defined benefit plans. 
 1.2 The Plan is established for the benefit of Participants as an unfunded compensation arrangement; provided, however, Supplemental
Retirement Benefits for Participants shall be provided, in whole or in part, under the Trust Agreement. Any Supplemental Retirement Benefit not paid under the Trust Agreement shall be paid by the Participating Employer under the provisions of the
Plan. 
 1.3 The Plan does not give Participants any rights not expressly granted them in the Plan. 
  

 1 

 ARTICLE TWO 
 Definitions 
 The following definitions apply to the Plan unless the
context clearly indicates otherwise: 
 2.1 “Adjusted Retirement Benefit” shall mean the Retirement Income
Allowance which would have been payable under the provisions of Article VI or VII of the Retirement Plan without regard to the benefit limitations of Article IX of the Retirement Plan (or its successor provision) and without excluding from Earnings:
(i) amounts awarded under the EFH Executive Annual Incentive Plan or the Oncor Executive Annual Incentive Plan (collectively, the “Executive AIP”) or amounts deferred under nonqualified executive compensation plans and arrangements
adopted from time to time by Participating Employers (including any amounts deferred by any Participant under the Oncor Salary Deferral Program; provided, however, that any such amounts shall not be taken into account more than once in calculating a
Participant’s benefit hereunder); and (ii) amounts in excess of the dollar maximum imposed on Earnings, as defined in the Retirement Plan. Adjusted Retirement Benefit shall also mean and include special retirement compensation not payable
under the Retirement Plan that a Participating Employer is contractually committed to pay to a Participant pursuant to an individually negotiated agreement between the Participating Employer and the Participant. For purposes of this Plan, such
special retirement compensation shall be referred to as “Special Contractual Retirement Compensation.” 
 2.2
“Board of Directors” shall mean the Board of Directors of the Company. 
 2.3 “Affiliated Entity”
shall mean any entity, more than 50% of the equity interest or profit interest of which is owned, directly or indirectly by the Company; any company which is in a controlled group of corporations (within the meaning of Code section 414(b)) that
includes any such Affiliated Entity; any entity that is under common control (within the meaning of Code section 414(c)) that includes any such Affiliated Entity; and any entity that is within an affiliated service group (determined in accordance
with Code section 414(m)) that includes any such Affiliated Entity. 
  

 2 

 2.4 “Committee” means the Plans Administrative Committee whose members are
appointed from time to time by the Board of Directors or the Chief Executive of the Company. 
 2.5 “Company”
shall mean Oncor Electric Delivery Company LLC, its successors and assigns. 
 2.6 “EFH” shall mean Energy
Future Holdings Corp. 
 2.8 “Participant” shall mean (a) an employee of a Participating Employer who is
entitled to receive a benefit under the Retirement Plan and whose Retirement Benefit is less than his Adjusted Retirement Benefit; and (b) an individual whose benefits under the EFH Plan or the ENSERCH Plan have been assumed by this Plan.

 2.9 “Participating Employer” shall mean the Company or any Affiliated Entity which has been approved for
participation in, and which has adopted, the Plan. “Participating Employers” shall be used to refer to such entitles jointly or severally. 
 2.10 “Plan” shall mean this Oncor Supplemental Retirement Plan, as amended from time to time. 
 2.11 “Plan Administrator” shall mean the Committee. 
 2.12
“Plan Year” shall be the calendar year. 
 2.13 “Retirement Benefit” shall mean the Retirement
Income Allowance payable to a Participant under the Retirement Plan. 
 2.14 “Retirement Plan” shall mean the
EFH Retirement Plan, as amended from time to time. 
  

 3 

 2.15 “Separation from Service” shall mean termination of employment under
circumstances that would qualify as a separation from service for purposes of Code section 409A and the regulations issued thereunder. 
 2.16 “Specified Employee” shall have the meaning as defined in Code section 409A, and the regulations issued thereunder. 
 2.17 “Supplemental Retirement Benefit” or “Benefit” shall mean the benefit equal in amount to: (a) the difference between the Participant’s Adjusted Retirement Benefit
and the Participant’s Retirement Benefit; and (b) any Special Contractual Retirement Compensation applicable to the Participant, if any. The Supplemental Retirement Benefit shall be determined by the actuary for the Retirement Plan using
assumptions consistent with those used in determining benefits under the Retirement Plan. 
 2.18 “Trust
Agreement” shall mean the Oncor Supplemental Retirement Plan Trust, established as of January 1, 2010, for the purpose of funding benefits under the Plan. 
 2.19 “Trustee” shall mean the entity appointed by the Plan Administrator to serve as trustee of the Trust. 
 ARTICLE THREE 
 Allocation of Costs 
 3.1 The cost of providing the benefits payable under the Plan shall be allocated to the Participating Employer which is the employer
of the Participant. 
 3.2 If a Participant has service with more than one of the Participating Employers which is
relevant to benefits provided thereunder, the costs of providing the benefits payable to such Participant shall be apportioned in a manner determined by the Participating Employers. 
 3.3 The Company, as agent for the Participating Employers, will pay all Benefits provided hereunder and administer all transactions
relating to the Plan, except Benefits payable under the Trust Agreement shall be paid by the respective Trustee of each such trust in accordance with the terms of the Trust Agreement. 
  

 4 

 ARTICLE FOUR 
 Benefits 
 4.1 A Participant shall be entitled to receive a
Supplemental Retirement Benefit, pursuant to the provisions of the Plan; provided, however, Benefits payable to Participants under the Trust Agreement shall be subject to additional provisions set forth in the Trust Agreement, as applicable, which
provisions shall be controlling. 
 4.2 Supplemental Retirement Benefits shall be payable in the form, and at such times,
as follows: 
 (a) With respect to a Participant entitled to a benefit under the Traditional Retirement Plan Formula or under
Appendix B of the Retirement Plan, in the form of a single life annuity or any other actuarially equivalent life annuity form available under the Retirement Plan (which shall specifically exclude payment in a lump sum or any Social Security leveling
option), commencing upon the later of (i) the first day of the second month following such Participant’s Separation from Service (i.e., separation on April 30 with first payment on June 1), or (ii) the earliest date at which
such Participant would be eligible to commence benefits under the Retirement Plan; or 
 (b) With respect to a Participant
entitled to a benefit under the Cash Balance Plan Formula of the Retirement Plan, a single, lump-sum payment, payable upon the later of (i) such Participant’s Separation from Service, or (ii) the date such Participant would have
achieved ten (10) years of Accredited Service under the Retirement Plan (as defined therein) if such Participant had remained in continuous employment and not experienced a Separation from Service. 
  

 5 

 4.3 Special Contractual Retirement Compensation shall be paid at such time and in
such form as provided in the underlying agreement or as elected by the Participant pursuant to the terms thereof; provided, however that if the Plan Administrator determines that the terms of such agreement, or the circumstances of such election, do
not meet the requirements of Code section 409A or any applicable transition relief, such Special Contractual Retirement Compensation shall be paid pursuant to the applicable provisions of Section 4.2 above, or, if no provision of said sections
is otherwise applicable, such Special Contractual Retirement Compensation shall be paid in the form of a single lump-sum payment as of the date of such Participant’s Separation from Service. 
 4.4 With respect to any Participant who is a Specified Employee, payment of any benefit shall not commence earlier than the date that
is six (6) months following the date of such Specified Employee’s Separation from Service. In the event that any benefit payable in the form of a life annuity is delayed by application of this Section 4.4, then, upon commencement, the
monthly benefit payable to the Participant shall be determined based upon the Participant’s age at his Separation from Service, and the first payment shall include all payments that would have otherwise become payable during the period of such
delay. 
 4.5 The provisions of Section 4.4 shall not apply (a) with respect to any distribution made on
account of the death of the Participant, or (b) if, at the time of such Participant’s Separation from Service, no stock of either the Company or the Participant’s employer is publicly traded on an established securities market or
otherwise. 
 4.6 Any Benefit payable under the Plan shall constitute a general unsecured obligation of the Company, and
shall be subject to the claims of the Company’s creditors. 
  

 6 

 ARTICLE FIVE 
 Miscellaneous 
 5.1 The Board of Directors shall be vested with full
power and authority to amend the Plan or to terminate the Plan at any time; provided that no act of amendment or termination shall reduce any Benefit accrued to the date such act is adopted. 
 5.2 The Plan Administrator shall have the same powers, duties and responsibilities with respect to the administration of the Plan as
provided to the Plan of Administrator under the Retirement Plan for purposes of administering the terms thereof. Furthermore, the Plan Administrator may appoint one or more persons to assist in carrying out the day-to-day operation of the Plan or
the Trust Agreement. The powers, duties and responsibilities of the Plan Administrator shall include specifically, but not by way of limitation, the authority to carry out the policy of the Company that applicable remuneration for a taxable year
beginning after December 31, 1993, with respect to a Participant, shall not exceed the level of deductibility provided for in Section 162(m) of the Internal Revenue Code or any successor provision. 
 5.3 Notwithstanding Section 5.1 or any other provision of the Plan or the Trust to the contrary, the Plan Administrator may
authorize the Trustee to make the following payments even if they would otherwise not be permitted by the Trust, and a Participating Employer may refrain from making any contributions or payments otherwise required or permitted to be made by the
Plan or the Trust, to the extent necessary to satisfy the following requirements. 
 (a) No amount shall be set
aside or reserved directly or indirectly (under the Trust or otherwise), during any restricted period (as defined in Section 409A(b)(3)(B) of the Code) for the purpose of paying a Benefit under the Plan to any Participant who is an applicable
covered employee (as defined in Section 409A(b)(3)(D) of the Code). It is understood that a restricted period will generally occur in a Plan Year if any single-employer

  

 7 

 
defined benefit plan (an “Applicable Plan”) maintained by the Company or any company that is in a controlled group that includes the Company (within the meaning of Sections 414(b) and
(c) of the Code and guidance issued by the Internal Revenue Service) is “at risk” within the meaning of Section 430(i) of the Code for the preceding Plan Year. “Applicable covered employee” generally includes any
Participant who is, with respect to the Company or any entity under common control with the Company, described in section 162(m)(3) of the Code or subject to the requirements of Section 16(a) of the Securities Exchange Act of 1934. All such
persons are referred to herein as “Covered Employees.” 
 (b) The Plan Administrator shall monitor the
funding status of each Applicable Plan and will determine whether a restricted period exists with respect to any such plan. If the Plan Administrator determines that a restricted period exists for a Plan Year, it shall determine whether any amount,
including earnings, has been set aside or reserved during that period for the purpose of paying a Benefit to any Covered Employee or would be set aside but for the action of the Plan Administrator. The Plan Administrator may request the Trustee to
pay such amount to the Company or to any other person designated by the Plan Administrator or to otherwise segregate such amount from the assets of the Trust. The foregoing shall not apply, however, to the extent that the Company elects to treat the
amount set aside or reserved as a transfer of property for tax purposes and taxable to the Covered Employee accordingly. 
 (c) Subject to any guidance issued by the Internal Revenue Service, the Plan Administrator may use any method it deems appropriate to calculate the amount set aside or reserved for any Covered Employee
during a restricted period. The determination

  

 8 

 
made by the Plan Administrator shall be binding on the Trustee and each Covered Employee and any person claiming any interest in or payment from the Trust related to such Covered Employee. The
Plan Administrator may also utilize any program approved by the Internal Revenue Service to correct any amount that was improperly set aside under the Trust, and may adopt such rules and procedures as it deems necessary to comply with
Section 409A(b)(3) of the Code. 
 (d) The Plan Administrator shall maintain a record of any amount
transferred from the Trust pursuant to paragraph (b), or that a Participating Employer does not contribute to the Trust. Such amount shall be credited with interest or earnings based on what would have been allocable to such amounts if they had been
held in the Trust. Such amount shall be paid to the Trust as soon as possible after the Plan Administrator determines that no Applicable Plan remains in a restricted period. If any payment from the Trust to a Covered Employee or the Covered
Employee’s beneficiary has been reduced or withheld as a result of the restrictions of this Section, such amount shall be paid to such employee in a lump sum as soon as possible after the amount contemplated in the foregoing sentence is paid to
the Trustee. The Company may also make such payments directly. 
 (e) The purpose of this Section is to comply
with the restrictions of Section 409A(b)(3) of the Code and shall be interpreted accordingly. This provision is intended to impose only those restrictions that are required by that Section and only on the persons covered by the Section. The
Plan Administrator shall interpret and apply this Section accordingly. 
  

 9 

 5.4 Any Participating Employer, as defined herein, may participate under this Plan
upon approval of the Board of Directors and approval of the appropriate governing body of such Participating Employer. Any Participating Employer may, by action of its appropriate governing body, withdraw from participation in the Plan upon thirty
(30) days prior notice to the Company. 
 5.5 The Plan is intended to satisfy the requirements of Code section 409A
and the regulations adopted thereunder, and shall be construed to that end. Except as otherwise preempted by Federal law, the Plan shall be construed under the laws of Texas. 
 Executed effective as of the effective date first set forth above. 
  

			
	ONCOR ELECTRIC DELIVERY COMPANY LLC
		
	By:	 	 /s/ Debra L. Elmer

		 	Debra L. Elmer
		 	Vice President, Human Resources

  

 10Oncor Split Dollar Life Insurance Program

 Exhibit 10(r) 
 ONCOR 
 SPLIT-DOLLAR LIFE INSURANCE PROGRAM

  

	SECTION 1.	PURPOSE 

  

	1.1	Purpose. The Oncor Split-Dollar Life Insurance Program (“Plan”) is established effective as of January 1, 2010 (“Effective Date”), as a
spin-off plan and partial assumption by Oncor of certain frozen benefits previously provided for under the EFH Split-Dollar Life Insurance Program (“Prior Plan”). Oncor has been a participating employer under the Prior Plan. Effective as
of the Effective Date of this Plan, Oncor has ceased its participation in the Prior Plan. This Plan assumes and provides for the satisfaction of the frozen benefits of Oncor’s employees and retirees previously provided for under the Prior Plan.
This Plan is not intended to modify the frozen benefits of Participants as previously provided for under the Prior Plan, but is merely an assumption of such benefits hereunder. 

 The purpose of the Plan is to provide Participants with insurance on the life of each such Participant in recognition of his/her
contributions to the Company, and for the purpose of continuing to maintain a competitive level of benefits. This Plan is designed as an “unfunded or insured welfare” plan maintained by the Company “for the purpose of providing
benefits for a select group of management or highly compensated employees” and, therefore, is designed to be exempt from the reporting and disclosure requirements of Part 1 of Title I of the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”). 
  

	SECTION 2.	DEFINITIONS 

  

	2.1	Definitions. Whenever used hereinafter, the following terms shall have the meanings set forth below: 

  

	 	(a)	“Beneficiary” means the person or persons designated by the Participant to receive the Benefit payable from the Policy upon the death of the
Participant. 

  

	 	(b)	“Benefit” means the amount specified for each Participant on Schedule “A” attached hereto and made a part hereof, which Benefit is payable
from the Policy of life insurance issued on the life of the Participant under this Plan. 

  

	 	(c)	“Board of Directors” means the Board of Directors of the Company. 

  

	 	(d)	“Business Unit” means a subsidiary, division or operating unit of the Company designated by the Committee which will focus on its own unique products,
services and markets. 

	 	(e)	“Change in Control” means, in one or a series of related transactions, (i) the sale of all or substantially all of the consolidated assets or
capital stock of EFH Corp., Oncor Holdings or Oncor to a person (or group of persons acting in concert) who is not an Affiliate of any member of the Sponsor Group (defined below); (ii) a merger, recapitalization or other sale by EFH Corp., any
member of the Sponsor Group or their Affiliates (defined below), to a person (or group of persons acting in concert) of the common stock of EFH , no par value (“EFH Common Stock”) that results in more than 50% of the EFH Common Stock (or
any resulting company after a merger) being held by a person (or group of persons acting in concert) that does not include any member of the Sponsor Group or any of their respective Affiliates; or (iii) a merger, recapitalization or other sale
of EFH Common Stock by EFH, any member of the Sponsor Group or their Affiliates, after which the Sponsor Group owns less than 20% of the EFH Common Stock, and has the ability to appoint less than a majority of the directors to the board of directors
of EFH (or of any resulting company after a merger); and with respect to any of the events described in clauses (i) and (ii) above, such event results in any person (or group of persons acting in concert) gaining control of more seats on
the board of directors of EFH than the Sponsor Group; provided however, that not withstanding the foregoing, (x) clause (i) above shall be deemed not to include any reference to EFH, and clauses (ii) and (iii) shall
not apply, in each case, for purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions upon Transfers of Oncor Units or equity units of Oncor Holdings, (y) clause (i) above shall be
deemed not to include any reference to Oncor Holdings for purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions upon Transfers of Oncor Units and (z) clause (i) above shall be
deemed not to include any reference to Oncor for the purposes of interpreting the termination or applicability of any puts, calls or release from transfer restrictions upon Transfer of equity units of Oncor Holdings. For purpose of this plan,
“Sponsor Group” means investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P., TPG Capital, L.P. and Goldman, Sachs & Co., “Transfers” means to, directly or indirectly, transfer, sell, assign,
pledge, hypothecate or otherwise dispose of Oncor Units, “Affiliates” means with respect to any Person, any entity directly or indirectly controlling, controlled by or under common control with such Person; provided, however, for purposes
of this Agreement, Texas Energy Future Co-Invest, LP shall not be deemed to be an Affiliate of the Sponsor Group or any member of the Sponsor Group, and “Oncor Units” means equity interests in Oncor or any Affiliate of Oncor (the material
assets of which consist only of its direct or indirect interest in Oncor, or the assets of Oncor) used for the purposes of effecting a public offering of the vehicle holding the assets of Oncor. 

  

	 	(f)	“Collateral Assignment” means the document assigning an interest in the Policy to the Company, as set forth in Section 4.4 herein, the terms of
which are hereby incorporated by reference herein. 

  

	 	(g)	“Committee” means the Oncor Plans Administrative Committee whose members are appointed from time to time by the Board of Directors or the Chief
Executive of the Company. 

	 	(h)	“Company” or “Oncor” means Oncor Electric Delivery Company LLC, its successors and assigns. 

  

	 	(i)	“Disability Plan” means the group long-term disability income plan sponsored by the Company or an affiliate of the Company, and covering Participants.

  

	 	(j)	“Early Termination” means any one or more of the following: (1) termination of employment with the Company prior to reaching age fifty-five
(55) and obtaining at least fifteen (15) years of Accredited Service (as defined in the Retirement Plan); or (2) termination for cause, as determined solely in the discretion of the Plan Administrator. 

  

	 	(k)	“Executive Officer” means an executive officer within the meaning of Section 402 of the Sarbanes-Oxley Act of 2002. 

  

	 	(l)	“Insurer” means the insurance company or companies selected by the Committee to issue Policies pursuant to the Participation Agreements hereunder.

  

	 	(m)	“Participant” means an individual who is a former Participant under the Prior Plan, and who is an employee or retiree of Oncor and is listed on
Schedule A to this Plan. Participation in the Plan is frozen. Thus, no new Participants will be admitted to the Plan after the Effective Date. 

  

	 	(n)	“Participation Agreement” or “Agreement” means the agreement between the Participant and the Company (as successor to EFH), which was
originally executed under the Prior Plan and is being assumed by Oncor hereunder and is incorporated herein by reference. The form of the Participation Agreement may be changed from time to time by the Committee. 

  

	 	(o)	“Plan Administrator” means the person(s) or entities appointed to assist the Committee in carrying out the operations of the Plan.

  

	 	(p)	“Plan Retirement Date” means April 1 immediately following the Participant’s attainment of age sixty-five. 

  

	 	(q)	“Plan Year” means the twelve-month period beginning April 1 and ending March 31. 

  

	 	(r)	“Policy” and “Policies” means the policy or policies of life insurance issued pursuant to the Participation Agreements hereunder and shall
include any substitutions, replacements, additional or supplemental policies. 

  

	 	(s)	“Retirement Plan” means the EFH Retirement Plan, or any successor plan providing comparable pension benefits to Participants. 

 

	 	(t)	“Trust” means the rabbi trust established by the Company to assist it in meeting its obligations under the Plan. 

	 	(u)	“Trustee” means the trustee appointed by the Committee to hold assets of the Plan. 

  

	SECTION 3.	ELIGIBILITY 

 Eligibility for participation in the Plan shall be limited to those individuals identified on Schedule A hereto. No new Participants shall be admitted to the Plan after the Effective Date. 
  

	SECTION 4.	POLICIES 

  

	4.1	Issuance. Each Participant, pursuant to the Participation Agreement, will take the required actions set forth in the Participation Agreement to cause a Policy to
be issued by the Insurer on the life of the Participant and to be maintained in force at all times to provide the Benefits set forth herein. 

  

	4.2	Ownership. Subject to the Collateral Assignment of the Policy to the Company, each Participant or such Participant’s designee shall be the owner of the
Policy (“Owner”) on such Participant’s life issued pursuant to the applicable Participation Agreement and, as such Owner and subject to Sections 8.2 and 10.2 herein, may exercise all rights of ownership with respect to such Policy.

  

	4.3	Payment of Premiums. Except as set forth below with respect to Executive Officers, all premiums on the Policies acquired pursuant to Participation Agreements
shall be promptly paid by the Company when and as they become due in accordance with and subject to the applicable Participation Agreement. The Company may pay such premiums from general corporate assets or it may choose to pay such premiums from
Trust assets; provided that, upon and following a Change in Control, the provisions of Section 11 hereof shall control. Notwithstanding the foregoing, premium payments will not be paid by the Company or Trust on behalf of Executive Officers on
a split-dollar life insurance basis. Instead, although the Company or Trust will make premium payments directly to the Insurer on behalf of Executive Officers in order to maintain the Policies with the Benefits contemplated herein, the full amount
of such premium payments will constitute income to the Executive Officers and the Company will have no right to receive the amount of such compensation from the Executive Officers or the Policy. The Company’s right to recoup the amount of
premium payments made on behalf of Executive Officers shall be limited to premium payments made prior to August 1, 2002, on a split-dollar life insurance basis under the Prior Plan, if any. 

 It is the Company’s intention that the Company’s financial obligation with respect to each Policy will be
structured to be terminated upon the later of: (1) the Participant’s fifteenth (15th) year of full participation in the Plan, as set forth in Section 5.4 herein; or (2) the Participant’s attainment of age sixty-five (65), at which time the Policy is expected to have a
cash surrender value sufficient, at least, to maintain the Policy in force at its level at such time. However, the Company may continue to pay additional premiums if actual cash surrender values are not sufficient to maintain the Policy in force at
its level at such time. 

	4.4	Collateral Assignment of Policy. As security for the Participant’s obligations under the Participation Agreement, each Participant shall assign to the
Company, by Collateral Assignment, an interest in the cash value and Benefits of the Policy on such Participant’s life. The Collateral Assignment of any Policy shall be in the form(s) approved, from time to time, by the Company in its sole
discretion. 

  

	SECTION 5.	BENEFITS 

  

	5.1	Level. Benefits shall be payable from the Policy. The amount of the Benefit provided under the Policy with respect to each Participant is set forth on Schedule
“A” attached to and made a part of this Plan. 

  

	5.2	Company’s Limited Obligation. The Company shall have no further obligation to provide Benefits other than to pay premiums, as set forth under
Section 4.3 above, to maintain the Policy at the level set forth in Schedule “A” attached hereto and made a part of this Plan. The Participant, other Owner, or, in the event of the Participant’s death, the Beneficiary shall look
solely to the Insurer and the Policy for payment of Benefits under the Plan. 

  

	5.3	Termination of Agreement. As set forth in the Participation Agreement, the Agreement shall terminate on the earlier of: (a) Early Termination;
(b) death of the Participant; (c) the April 1 following the later of (i) the Participant obtaining age sixty-five (65), or (ii) fifteen (15) years of full participation in the Plan by the Participant, or (iii) upon
actual cash surrender values being sufficient to maintain the Policy in force at its level at such time; or (d) termination of the Plan by the Board of Directors. 

  

	5.4	Distribution. If the Agreement terminates because of Early Termination, the Participant will pay to the Company an amount equal to the lesser of: (a) the
total amount of premiums paid by the Company; or (b) the cash surrender value of the Policy. Upon receipt of this amount, the Company will release the Collateral Assignment. The Policy or the balance, if any, payable under the Policy will then
be fully distributable according to the terms of the Policy. Notwithstanding the foregoing, this repayment obligation shall not apply to Executive Officers with respect to premium payments made by the Company on a non-split dollar life insurance
basis as provided for in Section 4.3 hereof. 

 Notwithstanding anything herein seemingly to the contrary, in
the event that the Participant: (a) retires under the Retirement Plan upon either: (i) obtaining age fifty-five (55) with fifteen (15) years of Accredited Service (as defined in the Retirement Plan), or (ii) obtaining age
sixty-five (65) with less than fifteen (15) years of Accredited Service; or (b) becomes eligible for benefits under the Disability Plan, such Participant will remain a Participant in the Plan until the Participation Agreement
otherwise terminates. 
 If the Agreement terminates because of reasons other than Early Termination, the Company will receive
the total amount of premiums paid with respect to the Policy from the cash surrender value or, in the event of the Participant’s death, the Company will receive the amount in excess of the level of the Benefit payable from the proceeds of the
Policy; provided, that such recoupment shall not apply to Executive Officers with respect

 
to premium payments made by the Company on a non-split dollar life insurance basis as provided for in Section 4.3 hereof. The Participant, if such amount is not paid directly to the Company
by the Insurer, agrees, pursuant to the Participation Agreement, to reimburse the Company for such amount. Upon receipt of this amount, the Company will release the Collateral Assignment with respect to the Policy. The Policy or the balance, if any,
payable under the Policy, or, in the event of the Participant’s death, the level of the Benefit payable from the proceeds of the Policy will be fully distributable according to the terms of the Policy. 
  

	5.5	Tax Offset Payments. Following retirement, after attaining age fifty-five (55) with at least fifteen (15) years of Accredited Service (as defined in
the Retirement Plan), or after attaining age sixty-five (65) with less than fifteen (15) years of Accredited Service, if and to the extent that a Participant may be deemed to realize gross income in any year for Federal income tax purposes
on the economic benefit of the Policy on the Participant’s life (or other applicable measures for income tax purposes), the Company, in the discretion of the Plan Administrator, may pay to such Participant such amount as will fully compensate
the Participant for all such taxes attributable to the receipt of such income and such payment in order to preserve for the Participant, on an after-tax basis, the full Benefits intended to be conferred by this Plan. 

  

	5.6	Claims. All claims for Benefits shall be filed with the Insurer. 

  

	SECTION 6.	TRANSFERABILITY AND SPEND THRIFT PROVISION

  

	6.1	Nontransferability. Any assignment of the Policy by the Participant for estate planning, tax planning or other purposes shall be subject to the Collateral
Assignment; and such Assignment shall so provide. Any rights to Benefits under the Plan are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the
Participant, other Owner or the Beneficiary. 

  

	SECTION 7.	DESIGNATION OF BENEFICIARIES 

  

	7.1	Specified Beneficiary. The Owner shall designate a Beneficiary or Beneficiaries who, upon the Participant’s death, are to receive, subject to the Collateral
Assignment, the proceeds of the Policy. All Beneficiary designations shall be in writing and signed by the Owner, and shall be effective only if and when delivered to the Insurer during the lifetime of the Participant. The Owner may, from time to
time during the Participant’s lifetime, change the Beneficiary or Beneficiaries by a signed, written instrument delivered to the Insurer. The payment of amounts shall be in accordance with the last unrevoked written designation of the
Beneficiary that has been signed and so delivered. 

  

	SECTION 8.	RIGHTS OF PARTICIPANTS 

  

	8.1	Employment. All Participants understand that they are employees at will. Therefore, nothing in the Plan or Participation Agreement shall interfere with or limit
in any way the right of the Company to terminate, for any or no reason, any Participant’s employment at any time, nor confer upon a Participant any right to continue in the employ of the Company. 

	8.2	Loans. Prior to the termination of the Participation Agreement, the Participant or other Owner shall not have the right to pledge the Policy as security for a
loan or to obtain from the Insurer a loan against the cash surrender value of the Policy. 

  

	SECTION 9.	ADMINISTRATION 

  

	9.1	Administration. The Committee shall be responsible for the administration of the Plan. The Committee is authorized to interpret the Plan, to prescribe, amend,
and rescind rules and regulations relating to the Plan, provide for conditions and assurances deemed necessary or advisable to protect the interests of the Company, and to make all other determinations necessary or advisable for the administration
of the Plan. The determination of the Committee, interpretation or other action made or taken pursuant to the provisions of the Plan, shall be final, binding and conclusive for all purposes and upon all persons whomsoever. The Committee shall
appoint a Plan Administrator to assist in carrying out the operations of the Plan. 

  

	SECTION 10.	RIGHTS OF COMPANY 

  

	10.1	Amendment or Termination of the Plan. The Board of Directors may amend, terminate, or suspend the Plan at any time. Any such amendment, termination, or
suspension of the Plan shall be effective on such date as the Board of Directors may determine. An amendment or modification of the Plan may affect Participants at the time thereof, but no amendment or modification of the Plan for any reason may
diminish any Participant’s Benefit as of the effective date thereof, including without limitation any of the provisions of Section 11 hereof. Upon Plan termination, all Participation Agreements shall terminate. 

  

	10.2	Loans. The Company shall have the right to obtain from the Insurer a loan against the cash surrender value of each Policy issued hereunder.

  

	SECTION 11.	CHANGE IN CONTROL 

  

	11.1	 Funding of Vested Portion of Benefit Upon and Following Change in Control. Notwithstanding any other provision of this Plan or any Agreement
seemingly to the contrary, in the event of a Change in Control: (i) the Company or its successor shall promptly, and in any event within thirty (30) days following such Change in Control, make an irrevocable contribution to the Trust in an
amount determined by the Committee sufficient to fully pay from Trust assets, the premiums on the then vested portion of all Policies in the manner described in Section 4.3 hereof until such time as each Policy has a cash surrender value
sufficient, at least, to continue to maintain the then vested portion of the Policies in force in an amount at least equal to the Benefit level as of the date of the Change in Control; and (ii) no Agreement shall terminate by reason of Early
Termination or the termination of this Plan, but each Agreement shall continue in effect until otherwise terminated upon the death of the Participant or the April 1 following the later of: (i) the Participant obtaining age sixty-five (65);
or (ii) fifteen (15) years of full

 
participation in the Plan and/or under the Agreement; or (iii) upon actual cash surrender values being sufficient to maintain the Policy in force at its level at such time, it being the
intent of this provision that, following a Change in Control, the Benefits provided for in this Plan shall be fully funded in the Trust and nonforfeitable. Thereafter, the Committee shall direct the Trustee to promptly pay the premiums on all
Policies when and as they become due. At least annually prior to the premium due date of the Policies, the Committee shall evaluate the amount of assets held in the Trust and shall make additional irrevocable contributions to the Trust, in amounts
determined by the Committee, such that, at all times, the Trust shall maintain assets which, at a minimum, shall be sufficient to pay the premiums on at least the vested portion of all Policies as of the date of the Change in Control until such time
as each Policy has a cash surrender value sufficient, at least, to continue to maintain the Policies in force in an amount at least equal to the vested level as of the date of the Change in Control. Upon the occurrence of a Change in Control, each
outstanding Agreement shall automatically, and without any action on the part of any party, be deemed to incorporate the provisions of this Section 11, and the provisions of this Section 11 shall control and take precedence over any
contrary or seemingly conflicting provision (or absence of a provision) elsewhere in this Plan or in any Agreement. 
  

	SECTION 12.	REQUIREMENTS OF LAW 

  

	12.1	Governing Law. The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Texas.

 EXECUTED effective as of the effective date first set forth above. 
  

			
	ONCOR ELECTRIC DELIVERY COMPANY LLC
		
	By:	 	 /s/ Debra L. Elmer

		 	Debra L. Elmer
		 	Senior Vice President, Human Resources

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