Document:

Unassociated Document

    AMERICAN
ELECTRIC POWER SYSTEM

    EXCESS
BENEFIT PLAN

    

    (As
Amended and Restated as of January 1, 2008)

    

    

    ARTICLE
I

    Purposes
and Effective Date

    

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

    

    1.2           Effective
Date.  The original effective date of this Plan was January 1,
1990, and the effective date of the changes made by this amended and restated
Plan document is January 1, 2008, unless otherwise specified.

    

    ARTICLE
II

    Definitions

    

    The following terms shall have the
meanings set forth in this Article II.  Any undefined capitalized term
in this Plan shall have the meaning set forth in the Retirement
Plan.

    

    2.1           “Accredited Service”
means the period of time taken into account under the terms of the Retirement
Plan for the purpose of computing a Retirement Plan benefit under the Final
Average Pay Formula.

    

    2.2           “Actuarial
Equivalence” or “Actuarially
Equivalent” will be determined using the assumptions and methods that are
used in connection with the Cash Balance Formula under the Retirement Plan,
regardless of whether the benefits under this Plan are determined under the Cash
Balance Formula.

    

    2.3           “Base Compensation”
means a Participant's regular base salary or base wage Earned through the date
of the termination of employment of the Participant with the Associated
Companies.  Base Compensation shall be determined (i) without
adjustment for any salary or wage elections made pursuant to Sections 125
(regarding cafeteria plans, including pre-tax contributions for premiums and
flexible spending accounts) and 402(e)(3) (regarding elective deferrals,
including before-tax contributions under a Section 401(k) retirement savings
plan) of the Code, (ii) without reduction for any contributions to the
Supplemental Savings Plan; and (iii) excluding bonuses (such as, but not limited
to, project bonuses and sign-on bonuses), compensation paid pursuant to the
terms of an annual compensation plan, performance pay awards, severance pay,
relocation payments, or any other form of additional compensation that is not
part of regular base salary or base wage.

    

    2.4           “Beneficiary” means
the person or entity designated in accordance with the provisions of Section
7.3, to receive the distribution of death benefits provided for in Article
VII.

    

    2.5           “Cash Balance Formula”
means the formula under the Retirement Plan by which Participants accrue
benefits through credits to his or her Cash Balance Account (as defined in the
Retirement Plan).  The Cash Balance Formula is effective for Plan
Years commencing after December 31, 2000.

    

    2.6           “Code” means the
Internal Revenue Code of 1986, as amended from time to time.

    

    2.7           “Committee” means for
the period ending May 26, 2004, the Employee Benefit Trusts Committee of the
Company. Effective beginning May 27, 2004, the Committee shall be the committee
designated by the Company (or by a person duly authorized to act on behalf of
the Company) as responsible for the administration of the Plan.

    

    2.8           “Company” means the
American Electric Power Service Corporation.

    

    2.9           “Corporation” means
the American Electric Power Company, Inc., a New York corporation, and its
affiliates and subsidiaries.

    

    2.10           “Determination Date”
means the first day of the month immediately following the Participant's
Termination.

    

    2.11           “Earned”

    

    
      	
               
      

            	
              (a)

            	
              when
      referring to Base Compensation and Premium Pay, means the date such amount
      is paid, and

            

    

    

    
      	
               
      

            	
              (b)

            	
              when
      referring to Incentive Compensation,
means

            

    

    

    
      	
               
      

            	
              (i)

            	
              for
      purposes of the Cash Balance Formula, the date such amount is paid or such
      earlier date it would have been paid by an Associated Company if the
      payment had not been effectively deferred according to the terms of the
      American Electric Power System Incentive Compensation Deferral Plan or
      such other applicable plan or agreement;
or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              for
      purposes of the Final Average Pay Formula, the Incentive Compensation
      shall be considered Earned in equal monthly installments during the
      applicable period of the calendar year for which the awarded amount had
      been calculated, without regard to when such amount is paid, provided that
      the amount ultimately becomes payable to the
  Participant.

            

    

    

    2.12           “Employee” means such
persons employed by an Associated Company who are designated in the records of
the Associated Company in a classification that is eligible to participate in
the Retirement Plan.

    

    2.13           “Employment Contract”
means an agreement between an Associated Company and an Employee that provides
the Employee with a non-qualified retirement benefit attributable to this
Plan.

    

    2.14           “ERISA” means the
Employee Retirement Income Security Act of 1974 as amended from time to
time.

    

    2.15           “Final Average Pay
Formula” means the formula designated as the final average pay formula by
the Retirement Plan and by which Participants accrue normal retirement benefits
by taking into account the Participant’s Accredited Service, average annual
earnings and such other factors as are set forth in the Retirement
Plan.

    

    2.16           “First Date Available”
or “FDA” means
(a) with respect to a Participant who is a Key Employee as of the date of such
Participant’s Termination, the first day of the month next following the date
that is six (6) months after the Participant’s Termination; and (b) with respect
to all other Participants, the first day of the month next following the
Participant’s Termination.

    

    2.17           “HR Committee” means
the Human Resources Committee of the board of directors of the Corporation (or
any successor to such committee).

    

    2.18           “Incentive
Compensation” means incentive compensation Earned pursuant to the terms
of an annual incentive compensation plan, provided that Incentive Compensation
shall not include non-annual bonuses (such as but not limited to project bonuses
and sign-on bonuses and amounts earned under a long-term incentive plan),
severance pay, relocation payments, or any other form of additional compensation
that is not considered to be part of Base Compensation.

    

    2.19           “Key Employee” means a
Participant who is classified as a “specified employee” at the time of
Termination in accordance with policies adopted by the HR Committee in order to
comply with the requirements of Section 409A(a)(2)(B)(i) of the Code and the
guidance issued thereunder.

    

    2.20           “Maximum Benefit”
means the vested retirement benefit payable from the Retirement Plan under
either the Final Average Pay Formula or the Cash Balance Formula, as provided in
Article IV and as calculated based upon the Participant’s marital status,
Beneficiary, credited service, and earnings for services rendered to the
Company, to the extent such are permitted by the Code and the Retirement Plan to
be taken into account under the Final Average Pay Formula or the Cash Balance
Formula, as applicable.

    

    2.21           “Maximum Disability
Period” means the last date any disability benefits may become payable
under the terms of the American Electric Power System Long-Term Disability Plan
in effect as of the later of December 31, 2008 or the last day on which the
Participant’s initial payment election may be made in accordance with Section
6.3.

    

    2.22           “Next Date Available”
or “NDA” means
the July 1 of the calendar year immediately following the calendar year in which
falls the Participant’s Termination.

    

    2.23           “Participant” means
any exempt salaried Employee of an Associated Company who has entered the Plan
in accordance with Article III of this Plan and has accrued a benefit under the
Plan.

    

    2.24           “Associated Company”
means the Company and those of its subsidiaries and affiliates of the
Corporation who are considered an “Associated Company” as defined under the
Retirement Plan.

    

    2.25           “Plan” means this
American Electric Power System Excess Benefit Plan, as amended or restated from
time to time.

    

    2.26           “Plan Year” means the
calendar year commencing each January 1 and ending each December
31.

    

    2.27           “Premium Pay” means
overtime pay and shift differential pay that is Earned during the relevant time
period, but that is not a part of the Participant’s Base Compensation or
Incentive Compensation.

    

    2.28           “Present Value” means
the current value of a future payment or future stream of payments, calculated
using the Applicable Mortality Table and Applicable Interest Rate.

    

    2.29           “Retirement Date”
means the date the Participant terminates employment with all Associated
Companies after the Participant has attained age 55 and completed at least five
years of service with the Associated Companies.

    

    2.30           “Retirement Plan”
means the American Electric Power System Retirement Plan, as amended from time
to time.

    

    2.31           “Supplemental Retirement
Benefit” means the basic retirement benefit determined under Article IV
of this Plan.

    

    2.32           “Supplemental Savings
Plan” means the American Electric Power System Supplemental Retirement
Savings Plan, as amended from time to time.

    

    2.33           “Termination” means
termination of employment with the Company and its subsidiaries and affiliates
for any reason; provided that effective with respect to Participants whose
employment terminates on or after January 1, 2005, determinations as to the
circumstances that will be considered a Termination (including a disability and
leave of absence) shall be made in a manner consistent with the written policies
adopted by the HR Committee from time to time to the extent such policies are
consistent with the requirements imposed under Code
409A(a)(2)(A)(i).

    

    2.34           “Unrestricted Benefit”
means the vested retirement benefit that would be payable from the Retirement
Plan under either the Final Average Pay Formula or the Cash Balance Formula, as
described in Article IV, assuming Sections 401(a)(17) (Compensation Limit) and
415 (Limitation on Benefits) of the Code are not applicable.  The
calculation of the Unrestricted Benefit also shall take into account other
adjustments specified in an Employment Contract.

    

    

    ARTICLE
III

    Participation
in the Plan

    

    3.1           Eligibility.  All
exempt salaried Employees of an Associated Company shall be eligible to
participate in this Plan so long as such Employee is either (A) entitled to a
Supplemental Retirement Benefit under the terms of an Employment Contract, or
(B) both (1) a participant in the Retirement Plan, and (2) satisfies one of the
following conditions below:

    

    
      	
               
      

            	
              (a)

            	
              The
      Employee’s Base Compensation for the current or any prior Plan Year
      exceeds the limitation of Section 401(a)(17) of the
  Code,

            

    

    

    
      	
               
      

            	
              (b)

            	
              The
      Employee was a Participant in this Plan as of December 31,
      2000,

            

    

    

    
      	
               
      

            	
              (c)

            	
              The
      Employee’s Base Compensation plus Incentive Compensation plus Premium Pay
      for the current or any prior Plan Year (that begins on or after January 1,
      2000, in that such amounts were taken into account for the calendar year
      2000 in calculating the opening balance for Participants under the Cash
      Balance Formula) exceeds the limitation of Section 401(a)(17) of the Code,
      or

            

    

    

    
      	
               
      

            	
              (d)

            	
              Otherwise
      becomes entitled to a benefit under Article V of this
  Plan.

            

    

    

    Additionally,
an eligible Employee may become a Participant if he or she is designated to be a
Participant by the Committee.  All such eligibility determinations
generally shall be made by December 31 of each year or such other time as set
forth in an Employee Contract.

    

    3.2           Duration.  An
Employee who becomes a Participant shall continue to be a Participant until his
or her Termination or the date he or she is no longer entitled to receive a
Supplemental Retirement Benefit under this Plan.

    

    ARTICLE
IV

    Benefits

    

    4.1           General
Benefits.  Upon a Participant's Termination, the Participant
shall be entitled to a Supplemental Retirement Benefit calculated as of the
Participant’s Determination Date, as determined under this Article IV, to the
extent vested, to be paid at the time and in the form determined in accordance
with Article VI of this Plan.  Except as otherwise specified in
Article X, a Participant’s Supplemental Retirement Benefit shall become vested
at the same time and to the same extent as may be provided under the terms of
the Retirement Plan.  Notwithstanding the foregoing, the amount,
calculation methodology, or vesting of a Participant’s Supplemental Retirement
Benefit may be reduced or otherwise modified in the manner described in an
Employment Contract.  Additionally, if the Committee determines that a
Participant has incurred a liability to, or otherwise damaged, the Corporation,
the Company or any Associated Company, the Committee shall have the authority
and power, in its sole discretion, to reduce any portion or all of the amounts
that might otherwise become payable to such Participant under the terms of this
Plan by the amount of such liability or damage, as reasonably determined by the
Committee.

    

    4.2           Calculation
Methodology.  For purposes of calculating the Supplemental
Retirement Benefit under Section 4.3 or 4.4 of this Plan, the following rules
shall apply.  To the extent a Participant’s form of benefit under
Article VI is a lump sum or installments, this calculation shall be based on the
lump sum of the Unrestricted Benefit and Maximum Benefit.  To the
extent a Participant’s form of benefit under Article VI is an annuity, this
calculation shall be based on the single life annuity of the Unrestricted
Benefit and Maximum Benefit.  If a Participant’s form of benefit under
Article VI is a combination lump sum distribution and life annuity [as set forth
in Section 6.2(b)(5)], both calculations shall be made and the appropriate
elected percentage applied to each.

    

    4.3           Amount of Benefit for Final
Average Pay Participants.  A Participant in this Plan whose
Retirement Plan benefit takes into account the Final Average Pay Formula shall
be entitled to receive a benefit equal to the excess (if any) of the benefit
determined under paragraph (a) below over the benefit determined under paragraph
(b) below.

    

    
      	
               
      

            	
              (a)

            	
              The
      greater of (i) if the Participant’s Base Compensation for the current or
      any prior Plan Year exceeds the limitation of Section 401(a)(17) of the
      Code, the Unrestricted Benefit calculated (A) using the Final Average Pay
      Formula and (B) based upon the sum of the rate of the Participant’s Base
      Compensation (as determined from month to month) and Earned Incentive
      Compensation, or (ii) the Unrestricted Benefit calculated (A) using the
      Cash Balance Formula and (B) based upon the sum of the Participant’s
      Earned Base Compensation, Earned Incentive Compensation, and Earned
      Premium Pay; provided however, that

            

    

    

    
      	
               
      

            	
              (1)

            	
              such
      calculation shall not take into account any amounts Earned with respect to
      any period after the date of the Participant’s Termination with all
      Associated Companies; and

            

    

    

    
      	
               
      

            	
              (2)

            	
              with
      regard to Participants who have an annual incentive opportunity in excess
      of 250% of Base Compensation for the Plan Year in which the Incentive
      Compensation is Earned (per Section 2.11(b)(ii)), the amount of Incentive
      Compensation that will be considered Earned with respect to that Plan Year
      for purposes of Section 4.3(a)(i) shall not exceed 100% of the highest
      annualized rate of the Employee’s Base Compensation that was in effect
      with respect to that Employee at any time during that Plan Year; provided,
      however, that this limitation shall not apply to the extent of any
      Incentive Compensation provided through the American Electric Power System
      Senior Officer Incentive Plan; and

            

    

    

    
      	
               
      

            	
              (3)

            	
              for
      purposes of Section 4.3(a)(ii), the sum of compensation shall be limited
      to the greater of $1,000,000 or 200% of the Participant’s annualized rate
      of Base Compensation in effect on the last day of the Plan Year (or, if
      earlier, the date of Termination).

            

    

    

    
      	
               
      

            	
              (b)

            	
              The
      greater of (1) the Maximum Benefit calculated using the Final Average Pay
      Formula, or (2) the Maximum Benefit calculated using the Cash Balance
      Formula.

            

    

    

    4.4           Amount of Benefit for Cash
Balance Participants.  A Participant in this Plan whose
Retirement Plan benefit takes into account only the Cash Balance Formula shall
be entitled to receive a benefit equal to the excess (if any) of the benefit
calculated under paragraph (a) below over the benefit calculated under paragraph
(b) below.

    

    
      	
               
      

            	
              (a)

            	
              The
      Unrestricted Benefit calculated (A) using the Cash Balance Formula and (B)
      based upon the sum of the Participant’s Earned Base Compensation, Earned
      Incentive Compensation, and Earned Premium Pay.  This sum shall
      be limited to the greater of $1,000,000 or 200% of the Participant’s
      annualized rate of Base Compensation in effect on the last day of the Plan
      Year (or, if earlier, the date of
Termination).

            

    

    

    
      	
               
      

            	
              (b)

            	
              The
      Maximum Benefit, calculated using the Cash Balance
  Formula.

            

    

    

    4.5           Disability
Accruals.  Notwithstanding anything in the Plan to the
contrary, if a Participant incurs a disability (under the terms of the
Retirement Plan), the Participant may continue to accrue a benefit under this
Plan from the date of such disability through the Maximum Disability Period to
the extent the Participant is receiving such disability accruals under the
Retirement Plan, as paid in accordance with Section 6.6.

    

    4.6           Adjustments to Supplemental
Retirement Benefit.

    

    
      	
               
      

            	
              (a)

            	
              The
      amount of a Participant’s Supplemental Retirement Benefit shall be reduced
      or otherwise modified in the manner described in an Employment Contract
      (e.g., by any qualified or non-qualified retirement benefits the
      Participant may be entitled to receive from one or more prior
      employers).

            

    

    

    
      	
               
      

            	
              (b)

            	
              If
      the Participant’s Unrestricted Benefit under Section 4.3(a) was the amount
      payable under the Final Average Pay Formula, the following shall apply as
      of the date Incentive Compensation is awarded to the Participant, to the
      extent such Incentive Compensation is attributable to the calendar year
      that includes the Participant’s date of
  Termination:

            

    

    

    
      	
               
      

            	
              (1)

            	
              The
      Participant’s Determination Date Supplemental Retirement Benefit shall be
      recalculated to take into account the amount of such Incentive
      Compensation that is considered Earned during the period ending on such
      Participant’s Termination Date;
then

            

    

    

    
      	
               
      

            	
              (2)

            	
              The
      amount(s) payable to the Participant in accordance with the payment
      schedule applicable to the Participant as set forth in Section 6.2 shall
      be increased to reflect the Supplemental Retirement Benefit as
      recalculated pursuant to paragraph (1);
and

            

    

    

    
      	
               
      

            	
              (3)

            	
              To
      the extent the adjustment to the amount(s) payable to the Participant
      pursuant to paragraph (2) relates to any amount that had already been paid
      to the Participant under the applicable payment schedule, the amount of
      the increase of each such payment shall receive interest credits at the
      interest rate then being credited for the Cash Balance Formula from the
      date such original payment had been made through the date of the
      recalculation, and the aggregate amount of the increases, plus interest,
      shall be paid in a single sum as soon as administratively
      practicable.

            

    

    

    4.7           Freeze of
Benefits.  No Participant shall accrue any additional Maximum
Benefit or Unrestricted Benefit under the Final Average Pay Formula after
December 31, 2010.

    

    ARTICLE
V

    Enhanced
Vested Lump Sum Benefit

    

    5.1           Severance
Benefit.  The benefits set forth in this Article V shall be
treated as a severance benefit under ERISA.

    

    5.2           Eligibility.  An
Employee who incurs a Termination before age 55 due to a restructuring,
consolidation, or downsizing of the Corporation shall be eligible for a special
benefit under this Article V if he or she, at the time of Termination, (i) has
completed 25 or more years of Accredited Service under the Retirement Plan, or
(ii) has attained age 50 and has completed 10 or more years of Accredited
Service under the terms of the Retirement Plan.

    

    5.3           Enhanced Supplemental Plan
Benefit.

    

    
      	
               
      

            	
              (a)

            	
              If
      (i) a Participant described in Section 5.2 has Base Compensation in excess
      of the limitation under Section 401(a)(17) of the Code for any current or
      prior Plan Year, (ii) such Participant is entitled to a Supplemental
      Retirement Benefit calculated under Section 4.3, and (iii) such
      Participant elects to receive at least some portion of his or her
      Supplemental Retirement Benefit in the form of an annuity, the Participant
      shall receive an enhanced vested lump sum benefit equal to the Annuity
      Portion of the Present Value of the excess (if any) of the benefit
      determined under paragraph (1) below over the benefit determined under
      paragraph (2) below, calculated as of the Determination
    Date.

            

    

    

    
      	
               
      

            	
              (1)

            	
              The
      Participant’s monthly Unrestricted Benefit calculated as a single life
      annuity under the Final Average Pay Formula using the early retirement
      reduction factors from age 65 to age 55 and, if necessary, calculated with
      a full actuarial reduction from age 55 to the Determination Date, reduced
      by (but not to an amount less than zero) the Participant’s monthly
      Unrestricted Benefit calculated under Section
  4.3(a).

            

    

    

    
      	
               
      

            	
              (2)

            	
              The
      Participant’s monthly Maximum Benefit calculated as a single life annuity
      under the Final Average Pay Formula with a full actuarial reduction from
      age 65 to the Determination Date, reduced by (but not to an amount less
      than zero) the Participant’s monthly Maximum Benefit calculated under
      Section 4.3(b).

            

    

    

    
      	
               
      

            	
              (b)

            	
              For
      purposes of this Section 5.3, the term “Annuity Portion” means the
      percentage of the Participant’s Supplemental Retirement Benefit that the
      Participant has elected under Article VI to receive in the form of an
      annuity.

            

    

    

    
      	
               
      

            	
              (c)

            	
              The
      special benefit payable hereunder shall be payable in a lump sum as soon
      as practicable after the annuity benefit under this Plan commences as
      provided under Article VI.  The amount of the lump sum shall be
      credited with interest at the rate at which Interest Credits are applied
      under the Retirement Plan from the Determination Date to the date such
      lump sum is distributed.  If the Participant dies before the
      date of payment and the Participant’s Spouse is the Participant’s sole
      Beneficiary, then the Participant’s Beneficiary will receive the lump sum
      payable under this Section 5.3 as soon as practicable after the
      Participant’s death.

            

    

    

    

    ARTICLE
VI

    Payment
of Vested Supplemental Retirement Benefits

    

    6.1           Determination of
Supplemental Retirement Benefit.  Upon a Participant’s
Termination for any reason other than the Participant’s death, the Participant’s
Supplemental Retirement Benefit shall be calculated as of the Participant’s
Determination Date, shall be adjusted in the manner described in Section 4.6,
and, to the extent vested, distributed to the Participant in the manner
described in Section 6.2.  If the Supplemental Retirement Benefit is
payable in the form of a lump sum or installments, any unpaid balance shall be
credited with interest at the rate at which Interest Credits are applied under
the Retirement Plan from the Determination Date until the date of
payment.

    

    6.2           General Timing of
Payment.  A Participant generally is entitled to receive a
Supplemental Retirement Benefit upon Termination (or, in a manner specified in
an Employment Contract to the extent compliant with Code Section 409A so as to
prevent the participant from incurring current federal income tax penalties
under Code Section 409A).  Payment generally will be made at the
following times and in the following forms, as specified in a Participant’s
payment election as provided under this Article VI.

    

    
      	
               
      

            	
              (a)

            	
              Elections with
      Determination Dates On or Before December 1,
      2007.  Effective with respect to distribution election
      forms with Determination Dates on or before December 1, 2007, the forms of
      distribution available to each Participant shall be limited to the
      following:

            

    

    

    
      	
               
      

            	
              (1)

            	
              A
      single lump sum distribution

            

    

    

    (a)         as
of the First Date Available; or

    

    (b)         as
of the Next Date Available; or

    

    (c)         as
of the fifth anniversary of the First Date Available; or

    

    (d)         as
of the fifth anniversary of the Next Date Available; or

    

    (2)       In
five (5) annual installments commencing

    

    (a)         as
of the First Date Available; or

    

    (b)         as
of the Next Date Available; or

    

    (c)         as
of the fifth anniversary of the First Date Available; or

    

    (d)         as
of the fifth anniversary of the Next Date Available; or

    

    (3)       In
ten (10) annual installments commencing

    

    (a)         as
of the First Date Available; or

    

    (b)         as
of the Next Date Available;

    

    
      	
               
      

            	
              (4)

            	
              As
      a single life annuity commencing on the First Date Available, or any
      Actuarially Equivalent “life annuity,” as described in Treasury Regulation
      1.409A-2(b)(ii) and as available as an annuity option under the Retirement
      Plan, but excluding any pop-up feature or level income option under the
      Retirement Plan.

            

    

    

    
      	
               
      

            	
              (5)

            	
              A
      combination of a 50% monthly annuity and a 50% lump sum distribution,
      payable beginning on the First Date
Available.

            

    

    

    (b)        Elections with Determination
Dates After December 1, 2007.

    

    
      	
               
      

            	
              (1)

            	
              A
      single lump sum distribution

            

    

    

    (a)         as
of the First Date Available; or

    

    (b)         as
of the Next Date Available; or

    

    (c)         as
of the fifth anniversary of the First Date Available; or

    

    (d)         as
of the fifth anniversary of the Next Date Available; or

    

    (2)       In
five (5) annual installments commencing

    

    (a)         as
of the First Date Available; or

    

    (b)         as
of the Next Date Available; or

    

    (c)         as
of the fifth anniversary of the First Date Available; or

    

    (d)         as
of the fifth anniversary of the Next Date Available; or

    

    (3)       In
ten (10) annual installments commencing

    

    (a)         as
of the First Date Available; or

    

    (b)         as
of the Next Date Available;

    

    
      	
               
      

            	
              (4)

            	
              As
      a single life annuity commencing on the First Date Available, or any
      Actuarially Equivalent “life annuity,” as described in Treasury Regulation
      1.409A-2(b)(ii) and as available as an annuity option under the Retirement
      Plan, but excluding any pop-up feature or level income option under the
      Retirement Plan;

            

    

    

    
      	
               
      

            	
              (5)

            	
              Effective
      with respect to distribution election forms applicable to Determination
      Dates on or after January 1, 2009, a combination lump sum distribution and
      “life annuity” [as described in paragraph (b)(4), above] commencing as of
      the First Date Available, allocated in one of the following
      proportions:

            

    

    

    (a)         25%
as a lump sum distribution and 75% as a life annuity;

    

    (b)         50%
as a lump sum distribution and 50% as a life annuity; or

    

    (c)         75%
as a lump sum distribution and 25% as a life annuity.

    

    (c)           Surviving Spouse
Benefit.  Notwithstanding the foregoing, the calculation of any
annuity shall be enhanced if (1) a Participant is at least age 55 with five (5)
years of service at the time of Termination, (2) has been married continuously
to his or her Spouse throughout the one-year period ending on the Determination
Date, (3) the Participant elected to receive at least a portion of his or her
Supplemental Retirement Benefit in the form of an annuity, and (4) the
Participant’s Final Average Pay Formula provided the greater benefit under
Section 4.3(a).  The enhanced benefit shall be calculated to provide a
fully-subsidized 30% survivor annuity, known as the “Surviving Spouse Benefit,”
with respect to the percentage of the Participant’s Supplemental Retirement
Benefit that the Participant has elected under Article VI to receive in the form
of an annuity, and shall be determined in the same manner as is set forth under
the Retirement Plan.

    

    (d)           Key
Employees.  Notwithstanding the foregoing, with respect to any
Participant who is a Key Employee, to the extent that any payments otherwise
would have been made in the form of an annuity before the First Date Available,
such payments shall be aggregated and paid on the First Date
Available.

    

    6.3           Participant
Elections.  Each Participant in the Plan may make an election
as to the time and form of payment of his or her Supplemental Retirement
Benefit, as provided in Section 6.2.  Participants must make such an
election in accordance with the following deadlines.

    

    
      	
               
      

            	
              (a)

            	
              Generally.  Except
      as otherwise provided in this Plan, a Participant must make his or her
      payment election by December 31 of the calendar year before the calendar
      year in which he or she first becomes a Participant in this
      Plan.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Newly Eligible
      Participants.  If an individual first becomes a
      Participant during a calendar year, and the Participant has not previously
      become a Participant in another plan that is required to be aggregated
      with this Plan under Treasury Regulation Section 1.409A-1(c)(2) or other
      guidance under Section 409A of the Code, the Participant may make an
      election by no later than the 30th
      day after becoming a Participant in the
Plan.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Excess Benefit
      Plan
      Participants.  If an individual first becomes a
      Participant on or after January 1, 2005, and participation in this Plan is
      considered participation in an “excess benefit plan,” the Participant may
      make an election no later than the 30th
      day after the last day of the first calendar year in which the Participant
      satisfied the requirements to become a Participant, provided that such
      individual has neither an accrued benefit nor been allocated any deferral
      under any other excess benefit plan.  For this purpose, the term
      “excess benefit plan” means all nonqualified deferred compensation plans
      in which the individual participates, to the extent such plans do not
      provide for an election between the current compensation and deferred
      compensation and solely provide deferred compensation equal to the excess
      of the benefits the individual would have accrued under a qualified
      employer plan in which the individual also participates, in the absence of
      one or more of the limits incorporated into the plan to reflect one or
      more of the limits on contributions or benefits applicable to the
      qualified employer plan under the Code, over the benefits the individual
      actually accrues under the qualified employer plan, as described in
      Treasury Regulation Section
1.409A-2(a)(7)(iii).

            

    

    

    
      	
               
      

            	
              (d)

            	
              Actuarially Equivalent
      Life Annuities.  A Participant who elected an annuity
      option described in Section 6.2(b)(4) or (5) of this Plan may make an
      irrevocable election within 60 days after the Determination Date to
      receive his or her benefits in the form of any other annuity option
      available under Section 6.2(b)(4) or (5) of this Plan.  If the
      Participant fails to make a timely election as to the form of annuity, the
      Participant shall be deemed to have selected a 100% joint and survivor
      annuity with the Participant’s Beneficiary as the survivor
      annuitant.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Default.  If
      a Participant fails to make an initial payment election in the times
      provided in this Section 6.3, the Participant shall be deemed to have
      elected to receive payment of his or her Supplemental Retirement Benefit
      in a lump sum on the First Date
Available.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Examples.

            

    

    

    
      	
               
      

            	
              (1)

            	
              If
      an individual’s Employment Contract is effective May 31, 2009, and the
      Employment Contract provides that the Participant will receive a
      Supplemental Retirement Benefit in a manner that causes this Plan not to
      be considered an Plan for that Participant, the Participant must make a
      payment election by June 30, 2009.

            

    

    

    
      	
               
      

            	
              (2)

            	
              If
      an Employee is designated a Participant in 2009 because his or her
      compensation exceeded the limit under Section 401(a)(17) of the Code as of
      October 31, 2009, the Participant generally may make such an election by
      January 30, 2010.

            

    

    

    
      	
               
      

            	
              (3)

            	
              A
      Participant made an election within 30 days of becoming eligible to
      participate in this Plan to receive his or her benefits in the form of a
      single life annuity under Section 6.2(b)(4).  The Participant
      expects to retire June 30, 2012.  At a reasonable time before
      the Determination Date, the Participant may make an election to receive an
      actuarially equivalent joint and survivor annuity, excluding any pop-up
      feature or level income option under the Retirement
  Plan.

            

    

     

        6.4           Rehired
Employees.  An Employee whose employment is Terminated and then
subsequently hired as an Employee of an Associated Company may become a
Participant in this Plan and accrue a Supplemental Retirement Benefit
attributable to the Employee’s period of service after such rehire date only if
and when the Employee thereafter becomes a Participant under Article
III.  The time and form of payment of any such rehired Participant
will be governed by the elections of the Participant that had become effective
with the Employer during his or her prior employment with the Employer,
including elections made under the Central and South West System Special
Executive Retirement Plan or any other Plan sponsored by the Employer, but in no
event will the benefit become payable earlier than the First Date
Available.

    

    6.5           Changes to Time and Form of
Payment.  A Participant will not be permitted to change the
form of payment of his or her Supplemental Retirement Benefit unless (a) such
election does not take effect until at least 12 months after the date on which
the election is made, (b) in the case of an election related to payment not due
to the Participant’s Disability or death, the first payment with respect to
which such new election is effective is deferred for a period of not less than
five (5) years from the date such payment would otherwise have been made, and
(c) any election related to a payment based upon a specific time or pursuant to
a fixed schedule may not be made less than 12 months prior to the date of
Termination; provided, however, that the selection of an annuity payment among
actuarially equivalent annuity payments shall not be considered a change to the
form of payment for purposes of applying the restrictions and clauses in Section
6.2 or 6.5.

    

    Notwithstanding the preceding paragraph
of this Section 6.5, a Participant may change an election with respect to the
time and form of payment of a Supplemental Retirement Benefit, without regard to
the restrictions imposed under the preceding paragraph, on or before December
31, 2008; provided that such election (a) applies only to amounts that would not
otherwise be payable in the calendar year in which such election is made, and
(b) shall not cause an amount to be paid in the calendar year in which the
election is made that would not would otherwise be payable in such
year.

    

    6.6           Disability
Payments.  If a Participant incurs a disability that results in
a Termination, the payment(s) of any accruals through such Termination will be
governed by Section 6.2.  A Participant who is receiving disability
accruals under Section 4.5 after Termination shall receive payment of the
Supplemental Retirement Benefits accrued after Termination in a lump sum as soon
as practicable after the Maximum Disability Period.

    

    6.7           Cash-Outs.  Notwithstanding
any election made under this Plan,

    

    
      	
               
      

            	
              (a)

            	
              if
      the Participant’s Supplemental Retirement Benefit has a value of $10,000
      or less on the Participant’s First Date Available, the Committee may
      require that the full value of the Participant’s Supplemental Retirement
      Benefit be distributed as of the First Date Available in a single, lump
      sum distribution regardless of the form elected by such Participant,
      provided that such payment is consistent with the limited cash-out right
      described in Treasury Regulation Section 1.409A-3(j)(4)(v) or other
      guidance of the Code in that the payment results in the termination and
      liquidation of the entirety of the Participant’s interest under each
      nonqualified deferred compensation plan (including all agreements,
      methods, programs, or other arrangements with respect to which deferrals
      of compensation are treated as having been deferred under a single
      nonqualified deferred compensation plan under Treasury Regulation
      1.409A-1(c)(2) or other guidance of the Code) that is associated with this
      Plan; and the total payment with respect to any such single nonqualified
      deferred compensation plan is not greater than the applicable dollar
      amount under Code Section 402(g)(1)(B).  Provided,
      however,

            

    

    

    
      	
               
      

            	
              (b)

            	
              Payment
      to a Participant under any provision of this Plan will be delayed at any
      time that the Committee reasonably anticipates that the making of such
      payment will violate Federal securities laws or other applicable law;
      provided however, that any payments so delayed shall be paid at the
      earliest date at which the Committee reasonably anticipates that the
      making of such payment will not cause such
  violation.

            

    

    

    

    ARTICLE
VII

    Death
Benefits

    

    7.1           Death of Participant Before
Determination Date.  Upon the death of a Participant prior to
the Participant's Determination Date, the Participant’s Beneficiary shall be
entitled to a supplemental death benefit as follows:

    

    
      	
               
      

            	
              (a)

            	
              Calculation
      Methodology.  Except as otherwise set forth herein, the
      death benefits payable under Section 7.1 of this Plan shall be calculated
      using the applicable methodology and subject to all limitations as
      provided in Article IV as of the first day of the month immediately
      following the Participant’s death.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Amount.

            

    

    

    
      	
               
      

            	
              (1)

            	
              If
      either (i) the Participant’s Beneficiary is not his or her Spouse or (ii)
      the Participant’s Supplemental Retirement Benefit does not take into
      account the Final Average Pay Formula under Section 4.3(a)(i), the amount
      of the benefit under this Section 7.1 is the amount equal to the excess
      (if any) of.

            

    

    

    
      	
               
      

            	
              (a)

            	
              The
      Unrestricted Benefit with respect to the Participant calculated using the
      Cash Balance Formula; over

            

    

    

    
      	
               
      

            	
              (b)

            	
              The
      Maximum Benefit with respect to the Participant calculated using the Cash
      Balance Formula.

            

    

    

    
      	
               
      

            	
              (2)

            	
              If
      both (i) the Participant’s Beneficiary is his or her Spouse and (ii) the
      Participant’s Supplemental Retirement Benefit takes into account the Final
      Average Pay Formula under Section 4.3(a)(i), the benefit under this
      Section 7.1 is the amount equal to the excess (if any)
  of:

            

    

    

    
      	
               
      

            	
              (a)

            	
              the
      greater of the Unrestricted Benefit with respect to the Participant
      calculated using the Cash Balance Formula or the pre-retirement survivor
      annuity calculated from the Unrestricted Benefit using the Final Average
      Pay Formula; over

            

    

    

    
      	
               
      

            	
              (b)

            	
              the
      greater of the Maximum Benefit with respect to the Participant calculated
      using the Cash Balance Formula or the pre-retirement survivor annuity
      calculated from the Maximum Benefit using the Final Average Pay
      Formula.

            

    

    

    
      
        	
                 
      

              	
                (c)

              	
                Form.  The
      death benefit under this Section 7.1 shall be paid
      in the same form applicable to the Participant in accordance with the
      provisions of Article VI as of the date of the Participant’s death;
      provided to the extent that the distribution would be in the form of an
      annuity, the death benefit shall be paid to the Beneficiary in the form of
      a single life annuity.

              

      

    

    

    
      	
               
      

            	
              (d)

            	
              Timing.  The
      death benefit under this Section 7.1 shall commence within 90 days after
      the Committee has made a final determination identifying the Participant’s
      Beneficiary.

            

    

    

    7.2           Death of Participant After
the Determination Date.  Upon the death of the Participant
after the Determination Date, the Participant’s Beneficiary or Beneficiaries
shall receive the balance, if any, of the distributions payable under the form
of distribution then in effect with respect to the Participant.  If
the Beneficiary is receiving benefits, the Beneficiary shall be entitled to
designate a beneficiary for benefits payable upon the death of the
Beneficiary.

    

    7.3           Beneficiary
Designation.  Each Participant (or Beneficiary) may designate a
Beneficiary or Beneficiaries who shall receive the benefits payable under this
Plan following the death of the Participant.  Any designation, or
change or rescission of a beneficiary designation shall be made by the
Participant’s completion, signature and submission to the Committee of the
appropriate beneficiary designation form prescribed by the
Committee.  A beneficiary designation form shall take effect as of the
date the form is signed, provided that the Committee receives it before taking
any action or making any payment to another Beneficiary named in accordance with
this Plan and any procedures implemented by the Committee.  If any
payment is made or other action is taken before the Committee receives a
beneficiary designation form, any changes made on a form received thereafter
will not be given any effect.  If a Participant (or Beneficiary) fails
to designate a Beneficiary, or if all Beneficiaries named by the Participant (or
Beneficiary) do not survive the Participant (or Beneficiary), the Participant’s
(or Beneficiary’s) benefit will be paid to the Participant’s Beneficiary or
Beneficiaries as determined under the terms of the Retirement Plan as of the
date of the Participant’s death, but no later than the latest benefit
commencement date with respect to the Participant under the Retirement
Plan.  The designation by a Participant of the Participant’s spouse as
a Beneficiary shall be considered automatically revoked as to that spouse upon
the legal termination of the Participant’s marriage to that spouse unless a
qualified domestic relations order that provides otherwise is received by the
Committee a reasonable time before the benefits commence.

    

    ARTICLE
VIII

    Administration

    

    8.1           Authority of
Committee.  The Committee shall administer this
Plan.  The Committee shall have the full power, authority and
discretion to interpret this Plan and to prescribe, amend and rescind rules and
regulations relating to the administration of this Plan (including, but not
limited to, procedures for submitting distribution election forms and the
designation of beneficiaries), and all such interpretations, rules and
regulations shall be conclusive and binding on all Participants.

    

    8.2           Ability of Committee to
Delegate Authority.  The Committee may employ agents,
attorneys, accountants, or other persons and allocate or delegate to them
powers, rights, and duties all as the Committee determines, in its sole
discretion, may be necessary or advisable to properly carry out the
administration of this Plan.

    

    ARTICLE
IX

    Amendment
or Termination

    

    9.1           Authority to Amend or
Terminate Plan.  The Company intends this Plan to be permanent
but reserves the right to amend or terminate this Plan when, in the sole opinion
of the Company, such amendment or termination is advisable.  Any such
amendment or termination shall be made in accordance with a resolution of the
Board of Directors of the Company.

    

    9.2           Limitations on Amendment and
Termination Authority.  No amendment or termination of this
Plan shall directly or indirectly (a) deprive any current or former Participant
or Beneficiary of all or any portion of any Supplemental Retirement Benefit
which commenced prior to the effective date of such amendment or termination or
(b) reduce any Participant’s Unrestricted Benefit that had accrued as of such
effective date.

    

    ARTICLE
X

    Change
In Control

    

    10.1           Vesting.  Notwithstanding
any provisions of the Plan to the contrary, if a Change in Control, as defined
in Section 10.2, of the Corporation occurs, all Supplemental Retirement Benefits
accrued as of the date of the Change in Control shall be fully vested and
non-forfeitable.

    

    10.2           Definition.  A
“Change in Control” of the Corporation shall be deemed to have occurred if and
as of such date that (i) any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (“Exchange
Act”)), other than any Corporation owned, directly or indirectly, by the
shareholders of the Corporation in substantially the same proportions as their
ownership of stock of the Corporation or a trustee or other fiduciary holding
securities under any employee benefit plan of the Corporation, becomes
“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of more than one-third (1⁄3) of the then outstanding voting stock
of the Corporation; or (ii) the consummation of a merger or consolidation of the
Corporation with any other entity, other than a merger or consolidation which
would result in the voting securities of the Corporation outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity) at least
two-thirds (2⁄3) of the total voting power represented by the voting securities of
the Corporation or such surviving entity outstanding immediately after such
merger or consolidation; or (iii) the consummation of the complete liquidation
of the Corporation or the sale or disposition by the Corporation (in one
transaction or a series of transactions) of all or substantially all of the
Corporation’s assets.

    

    For purposes of this Section 10.2,
“Board” shall mean the Board of Directors of the Corporation, and “Director”
shall mean an individual who is a member of the Board.

    

    ARTICLE
XI

    Claims
Procedure

    

    11.1           Procedure for Submitting a
Claim for Benefits.  The following procedures shall apply with
respect to claims for benefits under the Plan.

    

    
      	
               
      

            	
              (a)

            	
              Any
      Participant or Beneficiary who believes he or she is entitled to receive a
      distribution under the Plan which he or she did not receive or that the
      amount calculated to be his or her Supplemental Retirement Benefit is
      inaccurate, may file a written claim signed by the Participant,
      Beneficiary or authorized representative with the Company’s Director -
      Compensation and Executive Benefits, specifying the basis for the
      claim.  The Director - Compensation and Executive Benefits shall
      provide a claimant with written or electronic notification of its
      determination on the claim within ninety days after such claim was filed;
      provided, however, if the Director - Compensation and Executive Benefits
      determines special circumstances require an extension of time for
      processing the claim, the claimant shall receive within the initial
      ninety-day period a written notice of the extension for a period of up to
      ninety days from the end of the initial ninety day period.  The
      extension notice shall indicate the special circumstances requiring the
      extension and the date by which the Plan expects to render the benefit
      determination.

            

    

    

    
      	
               
      

            	
              (b)

            	
              If
      the Director - Compensation and Executive Benefits renders an adverse
      benefit determination under Section 11.1(a), the notification to the
      claimant shall set forth, in a manner calculated to be understood by the
      claimant:

            

    

    

    
      	
               
      

            	
              (1)

            	
              The
      specific reasons for the denial of the
claim;

            

    

    

    
      	
               
      

            	
              (2)

            	
              Specific
      reference to the provisions of the Plan upon which the denial of the claim
      was based;

            

    

    

    
      	
               
      

            	
              (3)

            	
              A
      description of any additional material or information necessary for the
      claimant to perfect the claim and an explanation of why such material or
      information is necessary, and

            

    

    

    
      	
               
      

            	
              (4)

            	
              An
      explanation of the review procedure specified in Section 11.2, and the
      time limits applicable to such procedures, including a statement of the
      claimant’s right to bring a civil action under Section 502(a) of ERISA,
      following an adverse benefit determination on
  review.

            

    

    

    11.2           Procedure for Appealing an
Adverse Benefit Determination.  The following procedures shall
apply with respect to the review on appeal of an adverse determination on a
claim for benefits under the Plan.

    

    
      	
               
      

            	
              (a)

            	
              Within
      sixty days after the receipt by the claimant of an adverse benefit
      determination, the claimant may appeal such denial by filing with the
      Committee a written request for a review of the claim.  If such
      an appeal is filed within the sixty day period, the Committee, or a duly
      appointed representative of the Committee, shall conduct a full and fair
      review of such claim that takes into account all comments, documents,
      records and other information submitted by the claimant relating to the
      claim, without regard to whether such information was submitted or
      considered in the initial benefit determination.  The claimant
      shall be entitled to submit written comments, documents, records and other
      information relating to the claim for benefits and shall be provided, upon
      request and free of charge, reasonable access to, and copies of all
      documents, records and other information relevant to the claimant’s claim
      for benefits.  If the claimant requests a hearing on the claim
      and the Committee concludes such a hearing is advisable and schedules such
      a hearing, the claimant shall have the opportunity to present the
      claimant’s case in person or by an authorized representative at such
      hearing.

            

    

    

    
      	
               
      

            	
              (b)

            	
              The
      claimant shall be notified of the Committee’s benefit determination on
      review within sixty days after receipt of the claimant’s request for
      review, unless the Committee determines that special circumstances require
      an extension of time for processing the review.  If the
      Committee determines that such an extension is required, written notice of
      the extension shall be furnished to the claimant within the initial
      sixty-day period.  Any such extension shall not exceed a period
      of sixty days from the end of the initial period. The extension notice
      shall indicate the special circumstances requiring the extension and the
      date by which the Plan expects to render the benefit
      determination.

            

    

    

    
      	
               
      

            	
              (c)

            	
              The
      Committee shall provide a claimant with written or electronic notification
      of the Plan’s benefit determination on review.  The
      determination of the Committee shall be final and binding on all
      interested parties.  Any adverse benefit determination on review
      shall set forth, in a manner calculated to be understood by the
      claimant:

            

    

    

    
      	
               
      

            	
              (1)

            	
              The
      specific reason(s) for the adverse
  determination;

            

    

    

    
      	
               
      

            	
              (2)

            	
              Reference
      to the specific provisions of the Plan on which the determination was
      based;

            

    

    

    
      	
               
      

            	
              (3)

            	
              A
      statement that the claimant is entitled to receive, upon request and free
      of charge, reasonable access to, and copies of, all documents, records and
      other information relevant to the claimant’s claim for benefits;
      and

            

    

    

    
      	
               
      

            	
              (4)

            	
              A
      statement of the claimant’s right to bring an action under Section 502(a)
      of ERISA.

            

    

    

    ARTICLE
XII

    Miscellaneous

    

    12.1           No Right of
Employment.  Nothing in this Plan shall interfere with or limit
in any way the right of any Associated Company to terminate any Participant's
employment at any time, nor confer upon a Participant any right to continue in
the employ of the Associated Company.

    

    12.2           Incompetence.  In
the event the Committee, in its sole discretion, shall find that a Participant,
former Participant or Beneficiary is unable to care for his or her affairs
because of illness or accident, or is a minor, or has died, the Committee may
direct that any payment due the Participant or the Beneficiary be paid, unless a
prior claim shall have been made by a duly appointed legal representative, to
the Participant’s Spouse, a child, a parent or other blood relative, or to a
person with whom the Participant resides, and any such payment so made shall be
a complete discharge of the liabilities of the Plan and the Company and the
Associated Company with respect to such Participant or Beneficiary.

    

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

    

    12.4           Unsecured General
Creditor.  The Supplemental Retirement Benefits paid under the
Plan shall not be funded, but shall constitute liabilities of the applicable
Associated Company to be paid out of general corporate
assets.  Nothing contained in the Plan shall constitute a guaranty by
any of the Associated Companies or any other entity or person that the assets of
a particular Associated Company will be sufficient to pay any benefit
hereunder.  Participants and their Bene­ficiaries, heirs,
successors and assigns shall have no legal or equitable rights, interests or
claims in any property or assets of an Associated Company.  For
purposes of the payment of benefits under this Plan, any and all of an
Associated Company’s assets shall be, and remain, the general, unrestricted
assets of the Associated Company.  An Associated Company’s obligation
under the Plan shall be merely that of an unfunded and unsecured promise to pay
money in the future.

    

    12.5           Non-Assignability.  Neither
a Participant nor any other person shall have any right to sell, assign,
transfer, pledge, mortgage or otherwise encumber, transfer, alienate or convey
in advance of actual receipt, the amounts, if any, payable under this
Plan.  Such amounts payable, or any part thereof, and all rights to
such amounts payable are not assignable and are not transferable.  No
part of the amounts payable shall, prior to actual payment, be subject to
seizure, attachment, garnishment or sequestration for the payment of any debts,
judgments, alimony or separate maintenance owed by a Participant or any other
person.  Additionally, no part of any amounts payable shall, prior to
actual payment, be transferable by operation of law in the event of a
Participant’s or any other person’s bankruptcy or insolvency or be transferable
to a spouse as a result of a property settlement or otherwise, except that if
necessary to comply with a “qualified domestic relations order,” as defined in
ERISA Section 206(d), pursuant to which a court has determined that a Spouse or
former Spouse of a Participant has an interest in the Participant’s benefits
under the Plan, the Committee shall distribute the Spouse’s or former spouse’s
interest in the Participant’s benefits under the Plan to such Spouse or former
Spouse in accordance with the Participant’s election under this Plan as to the
time and form of payment; provided, however, that the Spouse’s or former
Spouse’s benefit will be subject to the automatic cash-out provisions of Section
6.7 as a separate benefit.

    

    12.6           Captions.  The
captions of the articles, sections and paragraphs of this Plan are for
convenience only and shall not control or affect the meaning or construction of
any of its provisions.

    

    12.7           Governing
Law.  The Plan shall be construed and administered according to
the applicable provisions of ERISA and the laws of the State of
Ohio.

    

    12.8           Validity.  In
case any provision of this Plan shall be illegal or invalid for any reason, the
illegality or invalidity shall not affect the remaining parts of this
Plan.  Instead, this Plan shall be construed and enforced as if such
illegal or invalid provision had never been inserted herein.

    

    12.9           Successors.  The
provisions of this Plan shall bind and inure to the benefit of the Participant's
Employer and its successors and assigns and the Participant and the
Participant's designated Beneficiaries.

    

    12.10         Notice.  Any
notice or filing required or permitted to be given to the Committee under this
Plan shall be sufficient if in writing and hand-delivered, or sent by registered
or certified mail, to the address below:

    

    
      	
              American
      Electric Power Service Corporation

            
	
              Attn:  Executive
      Benefits

            
	
              One
      Riverside Plaza

            
	
              Columbus,
      Ohio  43215

            

    

    

    Such
notice shall be deemed given as of the date of delivery or, if delivery is made
by mail, as of the date shown on the postmark on the receipt for registration or
certification.  Any notice or filing required or permitted to be given
to a Participant under this Plan shall be sufficient if in writing and
hand-delivered, or sent by mail, to the last known address of the
Participant.

     

    12.11          Tax
Withholding.  There shall be deducted from each payment made
under this Plan or any other compensation payable to the Participant (or
Beneficiary) all taxes that are required to be withheld by an Associated Company
in respect to any payment under this Plan.  The Associated Company
shall have the right to reduce any payment (or compensation) by the amount of
cash sufficient to provide the amount of such taxes.

    

    IN WITNESS WHEREOF, the Company has
caused this Plan to be signed by its authorized officer as of this 31st day of
December, 2008.

    

    AMERICAN
ELECTRIC POWER

    SERVICE
CORPORATION

    

    

    

    By: /s/ Genevieve A.
Tuchow        

    Genevieve
A. Tuchow,

    Vice
President – Human ResourcesUnassociated Document

    AMERICAN
ELECTRIC POWER SYSTEM

    SUPPLEMENTAL
RETIREMENT SAVINGS PLAN

    

    (As
Amended and Restated Effective January 1, 2008)

    

    

    ARTICLE
I

    

    PURPOSES
AND EFFECTIVE DATE

    

    1.1  The American Electric
Power System Supplemental Retirement Savings Plan was established to provide to
eligible employees a tax-deferred savings opportunity otherwise not available to
them under the terms of the American Electric Power System Retirement Savings
Plan because of contribution restrictions imposed by the Internal Revenue
Code.

    

    1.2  The original effective
date of the American Electric Power System Supplemental Retirement Savings Plan
is January 1, 1994.  The Plan was most recently amended and restated
effective January 1, 2005 pursuant to a document that was signed on December 28,
2006.  Except as otherwise specified herein, the effective date of
this Amended and Restated American Electric Power System Supplemental Retirement
Savings Plan is January 1, 2008. This amended and restated Plan continues to
apply to all deferrals of compensation made under the Plan, unless specifically
provided otherwise herein.

    

    

    ARTICLE
II

    

    DEFINITIONS

    

    2.1  “Account” means the
separate memo account established and maintained by the Company or the
recordkeeper employed by the Company to record Contributions allocated to a
Participant's Account and to record any related Investment Income on the Fund or
Funds selected by the Participant. The portion of the Account attributable to
Compensation earned and vested prior to January 1, 2005 (excluding, for this
purpose incentive compensation attributable to 2004 that was subject to
discretionary adjustment and first available for payment subsequent to December
31, 2004) shall be referred to as the Participant’s “Legacy SRSP Account
Balance.” The portion of the Account attributable to Compensation other than
that described in the immediately preceding sentence shall be referred to as the
Participant’s “Active SRSP Account Balance.”

    

    2.2  “Applicable Federal
Rate” means 120% of the applicable federal long-term rate, with monthly
compounding (as prescribed under Section 1274(d) of the Code), published for the
December immediately prior to the Plan Year.

    

    2.3  “Claims Reviewer” means
the person or committee designated by American Electric Power Service
Corporation (or by a duly authorized person) as responsible for the review of
claims for benefits under the Plan in accordance with Section 7.1. Until
changed, the Claims Reviewer shall be the Director – Compensation and Executive
Benefits.

    

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

    

    2.5  “Committee” means the
committee designated by American Electric Power Service Corporation (or by a
duly authorized person) as responsible for the administration of the
Plan.

    

    2.6  “Company”
means the American Electric Power Service Corporation and its subsidiaries and
affiliates.

    

    2.7  “Company Contributions”
means the matching contributions made by the Company pursuant to section
3.2.

    

    2.8  “Compensation” means the
sum of a Participant's regular base salary or wage including any salary or wage
reductions made pursuant to sections 125 and 402(e)(3) of the Code and
contributions to this Plan, overtime pay and incentive compensation paid
pursuant to the terms of annual incentive compensation plans up to a Plan Year
maximum of two million dollars ($2,000,000), but effective only with respect to
such sums paid on or after September 1, 2004,1 provided that Compensation shall not include
non-annual bonuses (such as but not limited to project bonuses and sign-on
bonuses), severance pay, relocation payments, or any other form of additional
compensation that is not considered to be part of base salary, base wage,
overtime pay or annual incentive compensation.  For this purpose,
safety focus payouts shall be considered paid pursuant to the terms of an annual
incentive plan, although such payouts may be determined and paid on a quarterly
basis.  Notwithstanding anything stated in the preceding sentences to
the contrary, Compensation shall be determined  after any deferral thereof
pursuant to the American Electric Power System Stock Ownership Requirement Plan,
as amended, or pursuant to a pay reduction agreement under the American Electric
Power System Incentive Compensation Deferral Plan, as
amended.  

    

    2.9  “Contributions” means,
as the context may require, Participant Contributions and Company
Contributions.

    

    2.10  “Corporation” means the
American Electric Power Company, Inc., a New York corporation.

    

    2.11  “Eligible Employee”
means any employee of the Company who is designated by the Company as eligible
to participate in this Plan, provided that effective for deferral election
periods that begin after June 1, 2005, such employee must be employed at exempt
salary grade 28 or higher.  Individuals not directly compensated by
the Company or who are not treated by the Company as an active employee shall
not be considered Eligible Employees.

    

    2.12  “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to
time.

    

    2.13 “Executive Officer” means
Participant who, with respect to AEP, is subject to the disclosure requirements
set forth in Section 16 of the Securities Exchange Act of 1934, as
amended.

    

    2.14  “First
Date Available” or “FDA” means (a) with respect to Key Employees, the last day
of the month coincident with or next following the date that is six (6) months
after the date of the Participant’s or Former Participant’s Termination; and (b)
with respect to all other Participants and Former Participants, the last day of
the month coincident with or next following the date that is one (1) month after
the date of the Participant’s Termination; provided, however, that the FDA with
respect to an Executive Officer shall be no earlier than the December 31 of the
calendar year of such Executive Officer’s Termination.

    

    2.15  “Former Participant”
means a Participant whose employment has Terminated or a Participant who is no
longer an Eligible Employee, but whose Account has a balance greater than
zero.

    

    2.16  “Fund” means, except as
the Committee may otherwise specify, the Interest Bearing Account and the investment options
made available to participants in the Savings Plan, as revised from time to
time.  The investment options under the Savings Plan were revised
effective on or about July 5, 2006 in connection with a transition of the
recordkeeping and trustee services from Fidelity Management Trust Company to
affiliates of JP Morgan Chase Bank, NA.  The investments made
available through the self-directed brokerage account option thereupon being
offered under the Savings Plan shall not be available to Participants in this
Plan.

    

    2.17  “Investment Income”
means with respect to Participant Contributions and Company Contributions the
earnings, gains and losses that would be attributable to the investment of such
Contributions in a Fund or Funds.

    

    2.18  “Interest Bearing
Account” means an investment option to be made available to Participants in this
Plan in which the Contributions attributed to this option are credited with
interest at the Applicable Federal Rate.

    

    2.19  “Key Employee” means a
Participant who is classified as a “specified employee” at the time of
Termination in accordance with the policies adopted by the Committee in order to
comply with the requirements of Section 409A(a)(2)(B)(i) of the Code and the
guidance issued thereunder.

    

    2.20  “Next Date Available”
or “NDA” means the June 30 of the calendar year immediately following the
calendar year in which falls the Participant’s Termination.

    

    2.21  “Participant” means an
Eligible Employee who elects to defer part or all of his or her Incentive
Compensation.  Except to the extent otherwise specified in this Plan,
references to a Participant shall be considered to include a Former
Participant.

    

    2.22  “Participant
Contributions” means contributions made by the Participant pursuant to an
executed Pay Reduction Agreement subject to the Participant Contribution limits
contained in Article III.

    

    2.23  “Pay Reduction
Agreement” means an agreement between the Company and the Participant in which
the Participant irrevocably elects to reduce his or her Compensation for the
Plan Year and the Company agrees to treat the amount of the Compensation
reduction as a Participant Contribution to this Plan.

    

    2.24  “Plan”
means this American Electric Power System Supplemental Retirement Savings Plan,
as amended from time to time.

    

    2.25  “Plan Year” means the
twelve-month period commencing each January 1 and ending the following December
31.

    

    2.26  “Savings Plan” means
the American Electric Power System Retirement Savings Plan, a plan intended to
be qualified under section 401(a) of the Code, as amended from time to
time.

    

    2.27  “Termination” means
termination of employment with the Company and its subsidiaries and affiliates
for any reason; provided that effective with respect to Participants whose
employment terminates on or after January 1, 2005, determinations as to the
circumstances that will be considered a Termination (including a disability and
leave of absence) shall be made in a manner consistent with the written policies
adopted by the HR Committee from time to time to the extent such policies are
consistent with the requirements imposed under Code
409A(a)(2)(A)(i).

    

    2.28  “2005 Distribution
Election Period” means the period or periods designated by the Committee during
which Participants (or Former Participants) are given the opportunity to select
among the distribution options set forth in Article V, provided that any such
period shall end no later than December 31, 2005.

    

    2.29  “2006
Distribution Election Period” means the period or periods designated by the
Committee during which Participants (or Former Participants) are given the
opportunity to select among the distribution options set forth in Article V,
provided that any such period shall end no later than December 31,
2006.

    

    

    ARTICLE
III

    

    PARTICIPATION

    

    3.1  An Eligible Employee
shall become a Participant by timely submitting a Pay Reduction Agreement during
an applicable deferral election period to defer part of the Eligible Employee’s
Compensation to which such election relates. The Pay Reduction Agreement shall
be in such form as may reasonably be required by the Committee and shall be
executed at the time and in the manner prescribed by the Committee.

    

    3.2  For purposes of Section
3.1, the election period during which Compensation may be subject to an
effective deferral election shall be determined as follows:

    

    (a)           To
the extent that the Compensation is “performance-based compensation” (within the
meaning of Section 409A(a)(4)(B)(iii) of the Code) that is based on services
performed over a period of at least 12 months, the election period shall end no
later than six (6) months before the end of the performance period.

    

    (b)           To
the extent that the Compensation is not described in paragraph (a), the election
period shall end on or before December 31 of the calendar year prior to the year
in which the services on which the Compensation is based are to be
performed.

    

    (c)           Notwithstanding
(a) and (b), in the case of the first year in which an Eligible Employee becomes
eligible to participate in the Plan, and the Participant has not previously
become a Participant in another plan that is required to be aggregated with this
Plan under Treasury Regulation Section 1.409A-1(c)(2) or other guidance of the
Code, the election period shall end within 30 days after the date such Eligible
Employee became eligible to participate and such election shall apply only with
respect to Compensation paid for services performed subsequent to the
election.

    

    No
election shall be effective to defer any Compensation that would otherwise be
paid to the Participant before the period for which the Pay Reduction Agreement
is effective.

    

    Notwithstanding
the foregoing, the deferral election period for an Eligible Employee identified
by the Company as having an inadequate opportunity to enroll in the Plan with
regard to the 2005 calendar year shall be extended into January 2005, provided
that such election shall be applied only to Compensation that had not been paid
nor become payable at the time the election is submitted.

    

    3.3  If a deferral election
is not made by the end of the election period prescribed by the Company with
regard to certain Compensation that may be earned by an Eligible Employee, no
portion of such Compensation shall be deferred for such Eligible
Employee.

    

    3.4  Participant
Contributions made by a Participant pursuant to an executed Pay Reduction
Agreement shall be made by payroll deductions from such Compensation payable to
the Participant to which the Pay Reduction Agreement
relates.  Participant Contributions are to be made in multiples of one
(1) whole percentage of Compensation, not to exceed 20 percent of Compensation
for any pay date.  The maximum Participant Contribution for any pay
date shall not exceed the difference between (a) twenty percent (20%) of the
Participant's Compensation for the pay date, and (b) the aggregate amount of the
Participant's Before-Tax, Roth 401(k) and After-Tax contributions to the Savings
Plan for the same pay date.

    

    3.5  Subject to the
limitation contained in section 3.6,

    

    (a)           Effective
for Plan Years ending on or before December 31, 2008, the Company shall credit
to the Plan on behalf of each Participant an amount equal to 75% of the amount
contributed to the Plan by the Participant, not in excess of 6% of a
Participant's Compensation as of each pay date.

    

    (b)           Effective
for Plan Years beginning on or after January 1, 2009, the Company shall credit
to the Plan on behalf of each Participant an amount equal to

    

    
      	
               
      

            	
              (i)

            	
              100%
      of the amount contributed to the Plan by the Participant, not in excess of
      1% of a Participant's Compensation  as of each pay date,
      plus

            

    

    

    
      	
               
      

            	
              (ii)

            	
              70%
      of the amount in excess of 1%, but not in excess of 6%, of such
      Participant's Compensation, contributed to the Plan by such Participant as
      of each pay date.

            

    

    

    3.6  The
amount of Company Contributions credited to the Plan on behalf of a Participant
in combination with the contributions made by the Company to the Savings Plan on
behalf of the Participant as of each pay date during a Plan Year, shall, in the
aggregate be equal to the lesser of (a) (i) 100% of the amount
contributed to this Plan and the Savings Plan by the Participant, not in excess
of 1% of a Participant's Compensation  as of that pay date, plus (ii)
70% of the amount in excess of 1%, but not in excess of 6%, of such
Participant's Compensation, contributed to this Plan and the Savings Plan by
such Participant as of such pay date, or (b) 4.5% of the Participant's
Compensation paid as of that pay date.  If the aggregate contributions
exceed the lesser limitation described in the preceding sentence, the Company
Contributions credited to the Participant's Account under this Plan shall be
reduced until the aggregate Company Contributions made under both the Savings
Plan and this Plan do not exceed the limitation.

    

    3.7  Participant
Contributions and Company Contributions shall be credited to the Participant’s
Account as follows:

    

    (a)           Contributions
related to Compensation that had been earned and vested prior to January 1, 2005
have been credited to the Participant’s Legacy SRSP Account
Balance.  No additional Contributions shall be credited to a Legacy
SRSP Account Balance.

    

    (b)           Contributions
related to Compensation that is earned or vested on or after January 1, 2005
shall be credited to the Participant’s Active SRSP Account
Balance.  This shall include the Contributions under this Plan
relating to incentive compensation attributable to 2004 that was subject to
discretionary adjustment and first available for payment subsequent to December
31, 2004.

    

    3.8           The
Termination (or any subsequent re-employment) of a Participant after such
Participant has submitted an election to defer any Compensation shall not affect
the terms of such election with respect to the Compensation to which such
election relates, subject, however, to the provisions for the distribution of
any such deferred Compensation pursuant to the provisions of Article
V.

    

    

    ARTICLE
IV

    

    INVESTMENT
OF CONTRIBUTIONS

    

    4.1  Participant
Contributions and Company Contributions (without regard to whether such
Contributions have been allocated to such Participant’s Legacy SRSP Account
Balance or Active SRSP Account Balance) shall be credited with earnings as if
invested in the Funds selected by the Participant.  To the extent the
Participant fails to select Funds for the investment of Contributions under the
Plan, the Participant shall be deemed to have selected the Interest Bearing
Account. The Participant may change the selected Funds by providing notification
in accordance with the Plan’s procedures.  Any change in the Funds
selected by the Participant shall be implemented in accordance with the Plan’s
procedures.

    

    4.2  A Participant may elect
to transfer all or a portion of the amounts credited to his Account from any
Fund or Funds to any other Fund or Funds by providing notification in accordance
with the Plan’s procedures.  Such transfers between Funds may be made
in any whole percentage or dollar amounts and shall be implemented in accordance
with the Plan’s procedures.

    

    4.3  The amount credited to
each Participant's Account shall be determined daily based upon the fair market
value of the Fund or Funds to which that Account is allocated.  The
fair market value calculation for a Participant's Account shall be made after
all Contributions, withdrawals, distributions, Investment Income and transfers
for the day are recorded.  A Participant’s Account, as adjusted from
time to time, shall continue to be credited with Investment Income until the
balance of the Account is zero and the Committee anticipates no additional
Contributions from such Participant.

    

    4.4  The Plan is an unfunded
non-qualified deferred compensation plan and therefore the Contributions
credited to a Participant's Account and the investment of those Contributions in
the Fund or Funds selected by the Participant are memo accounts that represent
general, unsecured liabilities of the Company payable exclusively out of the
general assets of the Company. In the event that the Company becomes insolvent,
the Participants shall be considered as general unsecured creditors of the
Company.  The Participant’s rights to benefits under this Plan shall
not be subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge encumbrance, attachment or garnishment by creditors of any
Participant or any beneficiary.

    

    

    ARTICLE
V

    

    DISTRIBUTIONS

    

    5.1           Upon
a Participant’s termination of employment with the Company and its subsidiaries
and affiliates for any reason, the Company shall cause the Participant to be
paid the full amount credited to his or her Account in accordance with the
following rules:

    

    (a)           Legacy SRSP Account
Balance. Amounts that are credited to the Participant's Legacy SRSP
Account Balance:

    

    
      	
               
      

            	
              (1)

            	
              Shall
      be distributed to the Participant in one of the following optional forms
      as selected by the Participant:

            

    

    

    
      	
               
      

            	
              (A)

            	
              A
      single lump-sum payment, or

            

    

    

    
      	
               
      

            	
              (B)

            	
              In
      annual installment payments over not less than two nor more than ten
      years.

            

    

    

    
      	
               
      

            	
              (2)

            	
              Shall
      be paid in the form of distribution selected by the Participant pursuant
      to paragraph (1) shall commence within 60 days after the date elected by
      the Participant on an effective distribution election
      form.  Such date elected by the Participant shall be either (A)
      the date of the Participant’s Termination (provided, however, if the
      Participant was an Executive Officer at the time of his or her
      Termination, the earliest commencement date (for account valuation
      purposes) shall be December 31 of the year of such Executive Officer’s
      Termination) or (2) the first, second, third, fourth or fifth anniversary
      of the Participant’s Termination, as selected by the
      Participant.

            

    

    

    Each
Participant shall select the form of distribution [as set forth in paragraph
(1)] and benefit commencement date [as set forth in paragraph (2)] with regard
to the amounts that are credited to the Participant's Legacy SRSP Account
Balance when the Participant first elects to participate in the
Plan.  The Participant may amend his or her distribution election with
regard to amounts that are credited to the Participant's Legacy SRSP Account
Balance at any time prior to the date that is at least twelve (12) months prior
to the Participant's Termination by submitting a distribution election form in
accordance with the Plan’s procedures.  If the Participant has not
submitted an effective distribution election with regard to amounts that are
credited to the Participant's Legacy SRSP Account Balance at the time of his
Termination, the distribution of the amounts that are credited to the
Participant's Legacy SRSP Account Balance shall be in the form of a single lump
sum payment made within 60 days after the Participant's
Termination.  Notwithstanding the preceding sentence, distribution to
a Participant who was an Executive Officer at the time of his Termination, but
who has not submitted an effective distribution election with regard to amounts
that are credited to the Participant's Legacy SRSP Account Balance at the time
of his Termination, shall be in the form of a single lump sum payment within 60
days after the December 31 of the calendar year of the Participant’s
Termination.

    

    (b)           Active SRSP Account
Balance.  With regard to the Participant’s Active SRSP Account
Balance the following rules shall apply:

    

    
      	
               
      

            	
              (1)

            	
              Form of
      Distribution.  The Company shall cause the Participant to
      be paid the full amount credited to his or her Active SRSP Account Balance
      in accordance with his or her effective election in one of the following
      forms:

            

    

    

    
      	
               
      

            	
              (A)

            	
              A
      single lump sum distribution

            

    

    

    
      	
               
      

            	
              (i)

            	
              as
      of the First Date Available; or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              as
      of the Next Date Available; or

            

    

    

    
      	
               
      

            	
              (iii)

            	
              as
      of the fifth anniversary of the First Date Available;
  or

            

    

    

    
      	
               
      

            	
              (iv)

            	
              as
      of the fifth anniversary of the Next Date Available;
  or

            

    

    

    
      	
               
      

            	
              (B)

            	
              In
      five (5) annual installments
commencing

            

    

    

    
      	
               
      

            	
              (i)

            	
              as
      of the First Date Available; or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              as
      of the Next Date Available; or

            

    

    

    
      	
               
      

            	
              (iii)

            	
              as
      of the fifth anniversary of the First Date Available;
  or

            

    

    

    
      	
               
      

            	
              (iv)

            	
              as
      of the fifth anniversary of the Next Date Available;
  or

            

    

    

    
      	
               
      

            	
              (C)

            	
              In
      ten (10) annual installments
commencing.

            

    

    

    
      	
               
      

            	
              (i)

            	
              as
      of the First Date Available; or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              as
      of the Next Date Available.

            

    

    

    
      	
               
      

            	
              (2)

            	
              Effective
      Election.  For this purpose, a Participant’s election
      with respect to the distribution of his or her Active SRSP Account Balance
      shall not be effective unless all of the following requirements are
      satisfied.

            

    

    

    
      	
               
      

            	
              (A)

            	
              The
      election is submitted to the Company in writing in a form determined by
      the Committee to be acceptable;

            

    

    

    
      	
               
      

            	
              (B)

            	
              The
      election is submitted timely.  For purposes of this paragraph, a
      distribution election will be considered “timely” only if it is submitted
      prior to the Participant’s Termination and it satisfies the requirements
      of (i), (ii), (iii) or (iv), below, as may be
  applicable:

            

    

    

    
      	
               
      

            	
              (i)

            	
              Submitted
      within the applicable election period (as determined in accordance with
      Section 3.2), but only if the distribution election is submitted in
      connection with the Participant’s initial deferral election under this
      Plan; or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Submitted
      during the 2005 Distribution Election Period, but only with regard to the
      first distribution election form submitted by such Participant during that
      period; or

            

    

    

    
      	
               
      

            	
              (iii)

            	
              Submitted
      during the 2006 Distribution Election Period by a Participant who then has
      an Active SRSP Account Balance but who was not an Eligible Employee for
      purposes of a deferral election for 2006 by reason of the change in the
      definition of Eligible Employee set forth in Section 2.11, but only with
      regard to the last distribution election form submitted by such
      Participant during that period; or

            

    

    

    
      	
               
      

            	
              (iv)

            	
              If
      the Participant is submitting the election to change the timing or form of
      distribution that is then in effect with respect to the Participant’s
      Active SRSP Account Balance other than an effective distribution election
      submitted as part of the 2005 Distribution Election Period or 2006
      Distribution Election Period, such election must be submitted at least one
      year prior to the date of the Participant’s
  Termination.

            

    

    

    
      	
               
      

            	
              (C)

            	
              If
      the Participant is submitting the election pursuant to paragraph
      (b)(2)(B)(iv) to change the timing or form of distribution that is then in
      effect with respect to the Participant’s Active SRSP Account Balance
      (i.e., the Participant is not submitting an election with his initial
      deferral election [(B)(i)] nor during the 2005 or 2006 Distribution
      Election Period [(B)(ii) & (B)(iii)], the newly selected option must
      result in the further deferral of the first scheduled payment from the
      Participant’s Active Account balance by at least 5 years.  For
      purposes of compliance with the rule set forth in Section 409A(a) of the
      Code (and the regulations issued thereunder), each distribution option
      described in Section 5.1(b)(1) shall be treated as a single payment as of
      the first scheduled payment date. The requirement included in the prior
      plan document that the newly elected option not result in the acceleration
      of any scheduled payment under the replaced option shall be
      disregarded.

            

    

    

    
      	
               
      

            	
              (D)

            	
              If
      the Participant is submitting the election pursuant to paragraph
      (b)(2)(B)(iii) to change the timing or form of distribution that is then
      in effect with respect to the Participant’s Active SRSP Account Balance,
      the newly selected option may not defer payments that the Participant
      would have received in 2006 if not for the new distribution election nor
      cause payments to be made in 2006 if not for the new distribution
      election.

            

    

    

    
      	
               
      

            	
              (3)

            	
              If
      a Participant fails to submit an effective distribution election with
      regard to his Active SRSP Account Balance that satisfies the requirements
      of Section 5.1(b)(2)(B)(i) (with his timely initial deferral election) or
      Section 5.1(b)(2)(B)(ii) (during the 2005 Distribution Election Period) or
      Section 5.1(b)(2)(B)(iii) (during the 2006 Distribution Election Period),
      as applicable, by the date of such initial deferral election or the last
      day of the 2005 or 2006 Distribution Election Period, respectively, as
      applicable, such Participant shall be considered to have elected a
      distribution of his or her Active SRSP Account Balance in a single lump
      sum as of the First Date Available.

            

    

    

    
      	
               
      

            	
              (4)

            	
              Notwithstanding
      any other provision of this Plan to the contrary, if a Participant whose
      Termination occurs on or before June 30, 2005 fails to submit an effective
      distribution election with regard to his Active SRSP Account Balance that
      satisfies the requirements of this Section 5.1(b), the deferral election
      with respect to Contributions credited to such Participant’s Active SRSP
      Account Balance shall terminated and the entire balance of such
      Participant’s Active SRSP Account Balance shall be distributed to such
      Participant in a single lump sum as soon as administratively practicable
      after the Termination of such
Participant.

            

    

    

    5.2           (a)           For
purposes of this Article, the amount to be distributed to a Participant shall be
based upon the value of such individual’s Legacy SRSP Account Balance or Active
SRSP Account Balance (as applicable) determined as of the applicable
distribution date (or, if that is not a business day, then as of the immediately
preceding business day) and shall be paid to such individual as soon as
administratively practicable thereafter.

    

    (b)           Notwithstanding
any other provision of this Article,

    

    
      	
               
      

            	
              (1)

            	
              if
      the Participant’s Account is $10,000 or less on the Participant’s First
      Date Available (determined without regard to any delay by reason of a
      Participant’s being an Executive Officer), the Committee may require that
      the full value of the Participant’s Account be distributed as of the First
      Date Available (determined without regard to any delay by reason of a
      Participant’s being an Executive Officer) in a single, lump sum
      distribution regardless of the form elected by such Participant, provided
      that such payment is consistent with the limited cash-out right described
      in Treasury Regulation Section 1.409A-3(j)(4)(v) or other guidance of the
      Code in that the payment results in the termination and liquidation of the
      entirety of the Participant’s interest under each nonqualified deferred
      compensation plan (including all agreements, methods, programs, or other
      arrangements with respect to which deferrals of compensation are treated
      as having been deferred under a single nonqualified deferred compensation
      plan under Treasury Regulation 1.409A-1(c)(2) or other guidance of the
      Code) that is associated with this Plan; and the total payment with
      respect to any such single nonqualified deferred compensation plan is not
      greater than the applicable dollar amount under Code Section
      402(g)(1)(B).  Provided,
however,

            

    

    

    
      	
               
      

            	
              (2)

            	
              payment
      to a Participant under any provision of this Plan will be delayed at any
      time that the Committee reasonably anticipates that the making of such
      payment will violate Federal securities laws or other applicable law;
      provided however, that any payments so delayed shall be paid at the
      earliest date at which the Committee reasonably anticipates that the
      making of such payment will not cause such
  violation.

            

    

    

    5.3  If
an annual distribution is selected, the amount to be distributed in any one-year
shall be determined by dividing the Participant’s Legacy SRSP Account Balance or
Active SRSP Account Balance (as appropriate) by the number of years remaining in
the elected distribution period.   The Participant electing
annual distributions shall have the right to direct changes in the investment of
the Account in a Fund or Funds in accordance with Article IV until the amount
credited to the Account is reduced to zero.

    

    

    ARTICLE
VI

    

    BENEFICIARIES

    

    6.1  Each Participant may
designate a beneficiary or beneficiaries who shall receive the balance of the
Participant's Account if the Participant dies prior to the complete distribution
of the Participant's Account.  Any designation, or change or
rescission of a beneficiary designation shall be made by the Participant’s
completion, signature and submission to the Committee of the appropriate
beneficiary form prescribed by the Committee.  A beneficiary form
shall take effect as of the date the form is signed provided that the Committee
receives it before taking any action or making any payment to another
beneficiary named in accordance with this Plan and any procedures implemented by
the Committee.  If any payment is made or other action is taken before
a beneficiary form is received by the Committee, any changes made on a form
received thereafter will not be given any effect.  If a Participant
fails to designate a beneficiary, or if none of the beneficiaries named by the
Participant survive the Participant, the Participant’s Account will be paid to
the Participant’s estate.  Unless clearly specified otherwise in an
applicable court order presented to the Committee prior to the Participant’s
death, the designation of a Participant’s spouse as a beneficiary shall be
considered automatically revoked as to that spouse upon the legal termination of
the Participant’s marriage to that spouse.

    

    6.2  Distribution to a
Participant’s beneficiary shall be in the form of a single lump-sum payment
within 60 days after the Committee makes a final determination as to the
beneficiary or beneficiaries entitled to receive such distribution.

    

    

    ARTICLE
VII

    

    CLAIMS
PROCEDURE

    

    7.1  The following procedures
shall apply with respect to claims for benefits under the Plan.

    

    (a)           Any
Participant or beneficiary who believes he or she is entitled to receive a
distribution under the Plan which he or she did not receive or that amounts
credited to his or her Account are inaccurate, may file a written claim signed
by the Participant, beneficiary or authorized representative with the Claims
Reviewer, specifying the basis for the claim.  The Claims Reviewer
shall provide a claimant with written or electronic notification of its
determination on the claim within ninety days after such claim was filed;
provided, however, if the Claims Reviewer determines special circumstances
require an extension of time for processing the claim, the claimant shall
receive within the initial ninety-day period a written notice of the extension
for a period of up to ninety days from the end of the initial ninety day
period.  The extension notice shall indicate the special circumstances
requiring the extension and the date by which the Plan expects to render the
benefit determination.

    

    (b)           If
the Claims Reviewer renders an adverse benefit determination under paragraph
(a), the notification to the claimant shall set forth, in a manner calculated to
be understood by the claimant:

    

    
      	
               
      

            	
              (1)

            	
              the
      specific reasons for the denial of the
claim;

            

    

    

    
      	
               
      

            	
              (2)

            	
              specific
      reference to the provisions of the Plan upon which the denial of the claim
      was based;

            

    

    

    
      	
               
      

            	
              (3)

            	
              a
      description of any additional material or information necessary for the
      claimant to perfect the claim and an explanation of why such material or
      information is necessary, and

            

    

    

    
      	
               
      

            	
              (4)

            	
              an
      explanation of the review procedure specified in Section 7.2, and the time
      limits applicable to such procedures, including a statement of the
      claimant’s right to bring a civil action under section 502(a) of the
      Employee Retirement Income Security Act of 1974, as amended, following an
      adverse benefit determination on
review.

            

    

    

    7.2  The following procedures
shall apply with respect to the review on appeal of an adverse determination on
a claim for benefits under the Plan.

    

    (a)           Within
sixty days after the receipt by the claimant of an adverse benefit
determination, the claimant may appeal such denial by filing with the Committee
a written request for a review of the claim.  If such an appeal is
filed within the sixty day period, the Committee, or a duly appointed
representative of the Committee, shall conduct a full and fair review of such
claim that takes into account all comments, documents, records and other
information submitted by the claimant relating to the claim, without regard to
whether such information was submitted or considered in the initial benefit
determination.  The claimant shall be entitled to submit written
comments, documents, records and other information relating to the claim for
benefits and shall be provided, upon request and free of charge, reasonable
access to, and copies of all documents, records and other information relevant
to the claimant’s claim for benefits.  If the claimant requests a
hearing on the claim and the Committee concludes such a hearing is advisable and
schedules such a hearing, the claimant shall have the opportunity to present the
claimant’s case in person or by an authorized representative at such
hearing.

    

    (b)           The
claimant shall be notified of the Committee’s benefit determination on review
within sixty days after receipt of the claimant’s request for review, unless the
Committee determines that special circumstances require an extension of time for
processing the review.  If the Committee determines that such an
extension is required, written notice of the extension shall be furnished to the
claimant within the initial sixty-day period.  Any such extension
shall not exceed a period of sixty days from the end of the initial period. The
extension notice shall indicate the special circumstances requiring the
extension and the date by which the Plan expects to render the benefit
determination.

    

    (c)           The
Committee shall provide a claimant with written or electronic notification of
the Plan’s benefit determination on review.  The determination of the
Committee shall be final and binding on all interested parties.  Any
adverse benefit determination on review shall set forth, in a manner calculated
to be understood by the claimant:

    

    
      	
               
      

            	
              (1)

            	
              the
      specific reason(s) for the adverse
  determination;

            

    

    

    
      	
               
      

            	
              (2)

            	
              reference
      to the specific provisions of the Plan on which the determination was
      based;

            

    

    

    
      	
               
      

            	
              (3)

            	
              a
      statement that the claimant is entitled to receive, upon request and free
      of charge, reasonable access to, and copies of, all documents, records and
      other information relevant to the claimant’s claim for benefits;
      and

            

    

    

    
      	
               
      

            	
              (4)

            	
              a
      statement of the claimant’s right to bring an action under Section 502(a)
      of ERISA.

            

    

    

    

    ARTICLE
VIII

    

    ADMINISTRATION

    

    8.1  The Committee shall have
full discretionary power and authority (i) to administer and interpret the terms
and conditions of the Plan; (ii) to establish reasonable procedures with which
Participants must comply to exercise any right or privilege established
hereunder; and (iii) to be permitted to delegate its responsibilities or duties
hereunder to any person or entity.  The rights and duties of the
Participants and all other persons and entities claiming an interest under the
Plan shall be subject to, and bound by, actions taken by or in connection with
the exercise of the powers and authority granted under this
Article.

    

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

    

    8.3  The Company shall
maintain, or cause to be maintained, records showing the individual balances of
each Participant's Account.  Statements setting forth the value of the
amount credited to the Participant's Account as of a particular date shall be
made available to each Participant no less often than quarterly.  The
maintenance of the Account records and the distribution of statements may be
delegated to a recordkeeper by either the Company or the Committee.

    

    

    ARTICLE
IX

    

    AMENDMENT
OR TERMINATION

    

    The Company intends to continue the
Plan indefinitely but reserves the right, in its sole discretion, to modify the
Plan from time to time, or to terminate the Plan entirely or to direct the
permanent discontinuance or temporary suspension of Contributions under the
Plan.  Notwithstanding the foregoing provisions of this Article, no
modification, termination, discontinuance or suspension shall reduce the
benefits accrued for the benefit of any Participant or beneficiary under the
Plan as of the date of such modification, termination, discontinuance or
suspension.

    

    

    ARTICLE
X

    

    MISCELLANEOUS

    

    10.1  Nothing in the Plan
shall (a) interfere with or limit in any way the right of the Company to
terminate any Participant's employment at any time; nor (b) confer upon a
Participant any right to continue in the employ of the Company.

    

    10.2  In the event the
Committee, in its sole discretion, shall find that a Participant or beneficiary
is unable to care for his or her affairs because of illness or accident, the
Committee may direct that any payment due the Participant or the beneficiary be
paid to the duly appointed personal representative of the Participant or
beneficiary, and any such payment so made shall be a complete discharge of the
liabilities of the Plan and the Company with respect to such Participant or
beneficiary.

    

    10.3  Each
Participant agrees that as a condition of participation in the Plan, the Company
may withhold from any distribution hereunder all amounts determined by the
Company as required by law or otherwise as determined by the Company to be then
due and payable by the Participant or his beneficiary to the
Company.

    

    10.4  The Company intends the
following with respect to this Plan: (1) Section 451(a) of the Code would apply
to the Participant's recognition of gross income as a result of participation
herein; (2) the Participants will not recognize gross income as a result of
participation in the Plan unless and until and then only to the extent that
distributions are received; (3) the Company will not receive a deduction for
amount credited to any Account unless and until and then only to the extent that
amounts are actually distributed; (4) the provisions of Parts 2, 3, and 4 of
Subtitle B of Title I of ERISA shall not be applicable; and (5) the design and
administration of the Plan are intended to comply with the requirements of
Section 409A of the Code, to the extent such section is effective and applicable
to amounts deferred hereunder.  However, no Eligible Employee,
Participant, Former Participant, beneficiary or any other person shall have any
recourse against the Corporation, the Company, the Committee or any of their
affiliates, employees, agents, successors, assigns or other representatives if
any of those conditions are determined not to be satisfied.

    

    10.5  The Plan shall be
construed and administered according to the applicable provisions of ERISA and
the laws of the State of Ohio.

    

    10.6  Neither a Participant
nor any other person shall have any right to sell, assign, transfer, pledge,
mortgage or otherwise encumber, transfer, alienate or convey in advance of
actual receipt, the amounts, if any, payable under this Plan.  Such
amounts payable, or any part thereof, and all rights to such amounts payable are
not assignable and are not transferable.  No part of the amounts
payable shall, prior to actual payment, be subject to seizure, attachment,
garnishment or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any other
person.  Additionally, no part of any amounts payable shall, prior to
actual payment, be transferable by operation of law in the event of a
Participant’s or any other person’s bankruptcy or insolvency or be transferable
to a spouse as a result of a property settlement or otherwise, except that if
necessary to comply with a “qualified domestic relations order,” as defined in
ERISA Section 206(d), pursuant to which a court has determined that a spouse or
former spouse of a Participant has an interest in the Participant’s benefits
under the Plan, the Committee shall distribute the spouse’s or former spouse’s
interest in the Participant’s benefits under the Plan to such spouse or former
spouse in accordance with the Participant’s election under this Plan as to the
time and form of payment.

    

    

    American
Electric Power Service Corporation has caused this amendment and restatement of
the American Electric Power System Supplemental Retirement Savings Plan to be
signed as of this 31st day of
December, 2008.

    

    

    

    
      
        	 
      	
                AMERICAN
      ELECTRIC POWER SERVICE CORPORATION

              
	 
      	 
      
	 
      	 
      
	 
      	
                By  /s/
      Genevieve
      A. Tuchow 

              

      

    

    
      	
               
      

            	
              Genevieve
      A. Tuchow, Vice President, Human
Resources

            

    

    

    

      

    

      
      1  Such limitation on
Compensation is an increase from the $1,000,000 limitation that had been in
effect with respect to such sums paid prior to September 1,
2004.

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