Document:

Severance and Release Agreement - Rizwan Chand

 Exhibit 10(cc) 
 SEVERANCE AND RELEASE AGREEMENT 
 This
Severance and Release Agreement (the “Agreement”) is entered into on October 5, 2009 by and between Energy Future Holdings Corp. (the “Company”), and M. Rizwan Chand (“Executive”). Executive
and the Company are referred to in this Agreement as the “Parties.” 
 RECITALS 
 WHEREAS, Executive has been employed by and served as an officer of the Company, most recently as its Executive Vice President for
Human Resources & Administration; 
 WHEREAS, the Company previously notified Executive that his employment
would be terminated without Cause, as defined in the employment agreement between Executive and the Company dated May 23, 2008 (“Employment Agreement”); 
 WHEREAS, after such notice Executive agreed to remain fully engaged and to assist the Company with completion of key projects, identification of a successor and orderly transition of his job duties
prior to his termination; and 
 WHEREAS, the Company and Executive desire to enter into this Agreement setting forth the
terms of Executive’s remaining employment with and separation from the Company. 
 NOW, THEREFORE, in consideration
of the promises and mutual agreements in this Agreement, and for other good and valuable consideration, the receipt and legal sufficiency which are acknowledged, the Company and Executive agree as follows: 
 ARTICLE 1 
 TERMINATION OF EMPLOYMENT 
 Effective 5:00 p.m. on October 5, 2009 (the “Separation
Date”), Executive’s employment with the Company will end and he will resign from all positions he holds as an officer of the Company and any entity that controls, is controlled by, or is under common control with the Company (an
“Affiliate”), including, but not limited to, those Affiliates listed on Exhibit 1 to this Agreement. 
 On or
before the Separation Date, Executive will return all property of the Company and its Affiliates, including all Confidential Information (as defined below), in his possession. If Executive discovers, or comes into possession of, any such
Confidential Information after the Separation Date, he shall promptly return it to the Company’s General Counsel. 

 ARTICLE 2 
 SEVERANCE PAYMENT AND BENEFITS 
 2.1 Severance Payments 

  

	 	a.	Consistent with Section 7.c. of the Employment Agreement, and in consideration for the promises contained in this Agreement including Executive’s commitment
to remain engaged and assist the Company with transition of his duties through the Separation Date, the Company will provide Executive with the payments and benefits described below: 

  

	 	(i)	Accrued Rights. a) a lump sum payment within ten (10) business days following the Separation Date for Executive’s base salary and accrued and unused
vacation, up to and as of the Separation Date, to the extent Executive has not otherwise been paid for them; b); any unpaid expense reimbursements or other cash entitlements accrued by or payable to Executive as of the Separation Date under the
terms of any applicable plan or policy provided that such reimbursement requests are supported by appropriate documentation and submitted within ninety (90) days following the Separation Date; and c) such employee benefits or other amounts owed
but unpaid to Executive under any plan, policy, program, or agreement between the Company and Executive and in accordance with the terms of such plan, policy, program, or agreement. 

  

	 	(ii)	Severance Payment. A one-time, lump-sum cash payment of one million, four hundred eighty five thousand dollars ($1,485,000). Such payment shall be made within
ten (10) business days after the expiration of the Revocation Period. 

  

	 	(iii)	Healthcare Coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Provided Executive does not
violate the restrictions set forth in Section 5, below, Executive, his spouse, and his eligible dependents (to the extent covered immediately before the Separation Date) shall continue to be eligible to participate in all of the Company’s
group health plans on the same terms and conditions as active employees of the Company until the earlier of (x) two (2) years from the Separation Date (the “Severance Period”), or (y) until Executive is, or becomes,
eligible for comparable coverage under the group health plans of a subsequent employer. If Executive continues to receive benefits pursuant to this Section 2.1.a.(iii) when, in the absence of the benefits provided in this
Section 2.1.a.(iii), Executive would not be entitled to continuation coverage under Section 4980B of the Internal Revenue Code of 1986, as amended (the “Code”), Company shall reimburse Executive for all medical expenses no
later than the end of the calendar year immediately following the calendar year in which the applicable expenses were incurred. The COBRA health care continuation coverage period under Section 4980B of the Code, or any replacement or successor
provision of United States tax law, shall run concurrently with the Severance Period. 

  

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	 	(iv)	Assistance with Preparation of 2009 Income Tax Return. The Company shall pay up to two thousand dollars ($2000.00) to the Ayco Company, LP
(“AYCO”) to assist Executive with preparation of his 2009 tax return; provided that AYCO shall provide all such assistance during the 2010 calendar year. 

 2.2 Other Benefits 
  

	 	a.	It is agreed that, from and after the Separation Date, Executive shall not be eligible to continue to participate in any employee benefit plan, program, or policy
sponsored by the Company or any Affiliate, except for rights that have vested as of the Separation Date or as specifically provided in this Agreement. 

  

	 	b.	Executive will be entitled to receive a distribution of (or, in the case of stock options, entitled to exercise) his vested awards or vested account balances under, and
subject to the provisions of, each of the governing plan documents of the following employee benefit plans and other terms described in the Employment Agreement: 

  

	 	(i)	EFH Retirement Plan (Cash Balance formula); 

  

	 	(ii)	EFH Thrift Plan; 

  

	 	(iii)	EFH Salary Deferral Plan (“SDP”); 

  

	 	(iv)	EFH Health Care and Life Insurance Plan; and 

  

	 	(v)	2007 Stock Incentive Plan for Key Employees of Energy Future Holdings Corp. and its Affiliates. 

  

	 	c.	Deferred Shares. In lieu of any rights Executive may have under the Deferred Share Agreement dated May 27, 2008 between Executive and the Company, the
Company will pay to Executive the amount of six hundred thousand dollars ($600,000) to satisfy the Company’s retention payment obligation. Such payment shall be made within ten (10) business days after the expiration of the Revocation
Period. 

  

	 	d.	Unvested and Otherwise Forfeited SDP Contributions. Executive shall be entitled to receive a distribution of contributions made by the Company to
Executive’s SDP account that would otherwise be forfeited under the SDP, at the same time that such contributions would otherwise be paid under the SDP absent forfeiture. 

 2.3 Exclusivity of Benefits and Withholdings. The Company and Executive agree that the payments and benefits described in this Article 2 shall
be the only benefits Executive receives following separation and are in lieu of any other separation or severance benefits offered under any plan, program, or agreement (including the Employment Agreement) to which Executive may have been, or to
which Executive believes he may be, entitled as a result of his employment with or separation from the Company or any Affiliate. Any such payments shall be less any applicable taxes and withholdings, deductions, or obligations, including, to the
extent permitted by Section 409A of the Code, any amounts owed to the Company or an Affiliate by Executive on any Company issued or sponsored travel or credit cards or any other expenses or payments for which the Company is entitled to be
reimbursed by Executive. 
  

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 ARTICLE 3 
 WAIVER AND RELEASE 
 3.1 Release of Company by Executive

 Executive represents that he has not filed any complaints of any kind whatsoever with any local, state, federal, or
governmental agency or court against the Company based upon, or in any way related to, Executive’s employment with the Company. Executive further represents that he understands that the payments and benefits provided for in Article 2 constitute
a full and complete satisfaction of any claims, asserted or unasserted, known or unknown, that Executive has or may have against the Company or an Affiliate except as provided below. In exchange for the payments to be made by the Company and
benefits to be received by Executive under this Agreement, Executive, individually and on behalf of Executive’s spouse, heirs, successors, and assigns, hereby agrees not to sue or instigate any grievance, charge, claim, action, or suit, at law
or in equity, and unconditionally releases, dismisses, and forever discharges the Company, including its predecessors, successors, parents, subsidiaries, affiliated corporations, limited liability companies and partnerships, including (but not
limited to) Energy Future Competitive Holdings Company, Energy Future Intermediate Holding Company LLC, Luminant Holding Company LLC, Luminant Energy Services Company, Luminant Mining Services Company, Luminant Power Services Company, EFH Corporate
Services Company, TXU Retail Services Company, Texas Competitive Electric Holdings Company LLC, TXU Energy Retail Company LLC, Luminant Energy Company LLC, TXU Energy Solutions Company LLC, Oncor Electric Delivery Holdings Company LLC, Oncor
Electric Delivery Company LLC, Luminant Generation Company LLC, Generation MT Company LLC, Generation SVC Company, Luminant Mining Company LLC, Big Brown Power Company LLC, Collin Power Company LLC, DeCordova Power Company LLC, Oak Grove Power
Company LLC, Oak Grove Management Company LLC, Sandow Power Company LLC, Tradinghouse Power Company LLC, Valley NG Power Company LLC, Comanche Peak Nuclear Power Company LLC, and all of their employee benefit plans, officers, directors, fiduciaries,
employees, assigns, representatives, agents, and counsel (collectively the “Released Parties”) from any and all claims, demands, liabilities, obligations, agreements, damages, debts, and causes of action arising out of, or in any
way connected with, Executive’s employment with or separation from the Company or any of the Released Parties through the date hereof. This waiver and release includes, but is not limited to, all claims and causes of action arising under or
related to Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Civil Rights Act of 1866; Section 1981 of Title 42 of the United States Code, as amended; the Age Discrimination in Employment Act of 1967, as
amended; the Americans with Disabilities Act; the Employee Retirement Income Security Act of 1974, as amended; Section 211 of the Energy Reorganization Act; the Sarbanes-Oxley Act of 2002; the Older Workers Benefit Protection Act of 1990; the
Worker Adjustment and Retraining Notification Act; the Occupational Safety and Health Act, as amended; the Family and Medical Leave Act; the Texas Labor Code, including (but not limited to) Chapter 451; the Texas Commission on Human Rights Act; all
state and federal statutes and regulations; all oral or written contract rights, including any rights under any Company incentive plan, program, or labor agreement; and all claims arising under common law including breach of contract, tort, or for
personal injury of any sort. 
  

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 Executive understands that this Waiver and Release precludes him from recovering any relief
as a result of any lawsuit, grievance, or claim brought on his behalf and arising out of his employment or separation from employment with the Company. However, nothing in this Waiver and Release restricts Executive in any way from truthful
communications with, filing a charge or complaint with, or full cooperation in the investigation(s) of, any governmental agency on matters within their jurisdictions or from cooperating with the Company in any internal investigation. Furthermore,
nothing in this Waiver and Release shall preclude any claim relating to: (i) Executive’s rights under this Agreement (ii) Executive’s rights under the Employment Agreement with respect to the imposition of excise taxes imposed
pursuant to Section 4999 of the Code (“Excise Taxes”) arising by reason of or in connection with the October 10, 2007 closing of the transactions contemplated by the agreement and plan of merger among TXU Corp., Texas Energy
Future Holdings Limited Partnership and Texas Energy Future Merger Sub Corp (the “Merger Agreement”), (iii) any rights to indemnification (including any rights to advancement or payment of defense and/or related legal costs) and
rights to coverage under director and officer liability insurance under Section 9(h) of the Employment Agreement or Section 6.11 of the Merger Agreement, and (iv) facts, agreements, or causes of action arising after the date hereof.

 3.2 Release of Executive by Company. The Company, on behalf of itself and its Affiliates, hereby releases, discharges and agrees to
indemnify and hold harmless Executive from any and all claims and causes of action that it or they may have against Executive arising out of his employment with or separation from the Company or any Affiliate. This agreement to release, discharge,
and indemnify does not include claims for violation of any law, including any securities law or willful misconduct. The Company acknowledges that it is not aware of any such conduct as of the execution of this Agreement. The Company further
acknowledges and agrees that Executive’s sole obligations to Company from and after the Separation Date are set forth in this Agreement and that, except as provided below, all prior and contemporaneous agreements, whether written or oral, are
terminated and of no further force and effect as of the Separation Date.  
 ARTICLE 4 
 CONSULTATION AND REVOCATION PERIODS 
 Executive understands that signing this Agreement, including the Waiver and Release described in Article 3, is an
important legal act. Executive acknowledges that he has been advised to consult with legal counsel of his own choosing in connection with the matters addressed in this Agreement. Executive further acknowledges that he had twenty-one (21) days
from the day he received this offer to consider this Agreement. Executive understands further that, for a period of seven (7) days following his signing of this Agreement (“Revocation Period”), he may revoke his acceptance of
the offer represented by this Agreement by delivering or mailing a written statement revoking his acceptance to the General Counsel, Energy Future Holdings Corp. at 1601 Bryan Street, 41st Floor, Dallas, Texas 75201. In the event of such a revocation, the terms of this Agreement will be null and void, and
any payments made to Executive pursuant to this Agreement prior to such revocation (other than the Accrued Rights described under Section 2.1(a)(i) and any other payments the Company was otherwise legally obligated to make to Executive) must be
promptly repaid to the Company. Executive expressly acknowledges a personal debt to the Company for the full amount of any such payments, plus any interest earned between the time of payment to Executive and his repayment to the Company, and agrees
to promptly pay the Company the full amount of that debt. 
  

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 ARTICLE 5 
 NON-DISCLOSURE, NON-COMPETITION, NON-SOLICITATION 
 AND NON-DISPARAGEMENT 
 5.1 Confidentiality and Non-Disclosure 
 “Confidential Information” means information: (i) disclosed to or known by Executive as a consequence of or through
his employment with the Company or an Affiliate; (ii) not publicly available or not generally known outside the Company or its Affiliates; and (iii) that relates to the business and development of the Company or its Affiliates. Any
information that does not meet each of the criteria listed above in subsections (i) - (iii) shall not constitute Confidential Information. Without in any way limiting the foregoing and by way of example, Confidential Information shall include: all
non-public information or trade secrets of the Company and its Affiliates that gives the Company or its Affiliates a competitive business advantage, the opportunity of obtaining such advantage, or disclosure of which might be detrimental to the
interests of the Company or its Affiliates; information regarding the Company’s or an Affiliate’s business operations, such as financial and sales data (including budgets, forecasts, and historical financial data), information regarding
tax matters, operational information, plans, and strategies; business and marketing strategies and plans for various products and services; rate and regulatory strategy and plans; information regarding suppliers, consultants, employees, and
contractors; technical information concerning products, equipment, services, and processes; procurement procedures; pricing and pricing techniques; information concerning past, current and prospective customers, investors, and business affiliates;
plans or strategies for expansion or acquisitions; budgets; research; trading methodologies and terms; communications information; evaluations, opinions, and interpretations of information and data; marketing and merchandising techniques; electronic
databases; models; specifications; computer programs; contracts; bids or proposals; technologies and methods; training methods and processes; organizational structure; compensation and benefit information; personal data about Company employees and
applicants; internal investigations, administrative actions and/or litigation; cost and pricing data; potential industry partners and contacts with such partners, payments or rates paid to consultants or other service providers; information provided
to Company and/or its Affiliates by a third party under restrictions against disclosure or use by Company, its Affiliates or others; and Company files, physical or electronic documents, equipment, and proprietary data or material in whatever form
including all copies of all such materials. Confidential Information also includes matters that Executive conceived or developed during his employment with the Company, as well as matters Executive learned from other employees or contractors of the
Company. 
  

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 Executive understands and confirms that, as a result of his employment
with the Company and its Affiliates, he has obtained Confidential Information. Executive hereby reconfirms his prior commitments in Section 8 of the Employment Agreement and Section II of the Code of Conduct, and hereby agrees to maintain all
Confidential Information in strictest confidence. Accordingly, Executive will not: (a) use Confidential Information in any way (including, without limitation, to the detriment of the Released Parties or in any future business relationship of
Executive); (b) publish or disclose any Confidential Information; or (c) authorize anyone else to use, publish, or disclose any Confidential Information. Executive also agrees and acknowledges that all terms and conditions contained in
this Agreement, as well as negotiations related to the Agreement, are to remain strictly confidential and constitute Confidential Information. This Paragraph shall not prohibit Executive from: (i) discussing the Agreement with his tax or
financial advisor; (ii) discussing the Agreement with his attorney or spouse upon their agreement to keep the Agreement and its terms confidential; (iii) advising a governmental taxing authority of the Severance Payment and Benefits or the
existence of this Agreement in response to a question posed by such taxing authority; or (iv) providing Confidential Information in response to a valid court order or subpoena issued by a court or governmental agency, provided that Executive
gives the Company reasonable notice of such and an opportunity to challenge the disclosure of such Confidential Information before such court or governmental agency. Executive agrees to provide the Company with reasonable notice of any attempts to
compel disclosure of Confidential Information by promptly sending written notice to: the General Counsel, Energy Future Holdings Corp., 1601 Bryan Street, 41st Floor, Dallas, Texas, 75201. 
 5.2 Non-Disparagement 
 The Parties shall not make, repeat, or publish to
any third party any false, disparaging, unflattering, accusatory, or derogatory remarks or references about or concerning the other Party, whether oral or in writing, or otherwise take or assist in any action that might reasonably be expected to
cause damage or harm to the other Party, provided however that this Section 5.2 shall not apply to statements made by or about any affiliates (other than the Company and its subsidiaries) of Kohlberg Kravis Roberts & Co. LP, TPG
Capital LP, Goldman Sachs & Co. or any future owner of the Company. Executive’s obligations under this Section 5.2 extend to remarks about or concerning the Released Parties and/or actions that might reasonably be expected to
cause damage or harm to the Released Parties. The Company’s obligations under this Section 5.2 are limited to only those individuals who are Executive Officers of the Company (as defined in Rule 16a 1(f) of the Securities Exchange Act of
1934, as amended) at the time of the Separation Date and who are acting in their capacity as Executive Officers of the Company at the time they make a remark or reference that allegedly violates this Section 5.2. This Section 5.2 does not
prohibit either Party from making truthful statements regarding the other Party or Released Parties while cooperating with a governmental investigation or testifying under oath. Executive acknowledges that he is making, after the opportunity to
confer with counsel, a knowing, voluntary, and intelligent waiver of rights Executive may have to make disparaging comments regarding the Company, including rights under the First Amendment to the United States Constitution and any other applicable
federal and state constitutional rights. 
  

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 5.3 Non-Competition 
 Executive hereby reconfirms his agreement in Section 8.a.(ii) of the Employment Agreement that he shall not, for a period of eighteen (18) months after the Separation Date, directly or
indirectly, act as a proprietor, investor, director, officer, employee, substantial stockholder, consultant, or partner in any Competing Business in Texas or any other geographic area in which Texas Energy Future Holdings Limited Partnership, the
Company or any of their respective subsidiaries operates or conducts business. For purposes of this Agreement, Competing Business shall mean any business that directly or indirectly competes, at the relevant determination date, with one or more of
the businesses of the Company or any Affiliate in any geographic area where Texas Energy Future Holdings Limited Partnership, the Company, or any of their respective subsidiaries operates. 
 Notwithstanding the foregoing, the restrictions set forth in this Section 5.3 shall not apply with respect to Kohlberg Kravis
Roberts & Co. L.P., TPG Capital L.P., and Goldman, Sachs & Co. or any of their affiliates that are not engaged in any business that competes, directly or indirectly, with the Company or any of its subsidiaries in any geographic
area in which they operate. Moreover, for purposes of Article 5, Executive may, directly or indirectly own, solely as an investment, securities of any Person (as such term is used for purposes of Section 13(a) or 14(d) of the Securities and
Exchange Act of 1934, as amended) engaged in the business of the Company or any Affiliate which is publicly traded on a national or regional stock exchange or quotation system or on the over the counter market if Executive (I) is not a
controlling person of, or a member of a group which controls, such person and (II) does not, directly or indirectly, own 5% or more of any class of securities of such Person. 
 5.4 Non-Solicitation 
 Executive hereby reconfirms his agreement in
Section 8.a.(iii) of the Employment Agreement that he shall not, for a period of eighteen (18) months following the Separation Date, directly or indirectly (A) solicit customers or clients of the Company or any Affiliate to terminate
their relationship with the Company or an Affiliate or otherwise solicit such customers or clients to compete with any business of the Company or an Affiliate, or (B) solicit or offer employment to any person who is, or has been employed by the
Company or any Affiliate at any time during the twelve (12) months immediately preceding the Separation Date. Notwithstanding the foregoing, the restrictions set forth in this Section 5.4 shall not apply with respect to Kohlberg Kravis
Roberts & Co. L.P., TPG Capital L.P., and Goldman, Sachs & Co. or any of their affiliates that are not engaged in any business that competes, directly or indirectly, with the Company or any of its subsidiaries in any geographic
area in which they operate. 
  

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 5.5 Reformation and Injunctive Relief 
 Notwithstanding Sections 5.1 through 5.4, above, if at any time a court holds that the restrictions stated in those sections are
unreasonable or otherwise unenforceable under circumstances then existing, the Parties agree that the maximum period, scope or geographic area determined to be reasonable under such circumstances by such court will be substituted for the stated
period, scope or area. 
 Because Executive’s services are unique and because Executive has had access to Confidential
Information, the Parties agree that a breach of this Article 5 would cause immediate and irreparable loss, damage, and injury to the Company; that money damages for such a breach would be exceedingly difficult, if not impossible, to estimate, and
that the Company would have no adequate remedy at law. In the event of a breach or threatened breach of this Agreement, the Company or any of its Affiliates, successors or assigns may, in addition to other rights and remedies existing in their
favor, apply to any court of competent jurisdiction for specific performance and/or injunctive relief in order to enforce, or prevent any violations of the provisions hereof (without the posting of a bond or other security). Accordingly, Executive
acknowledges and agrees that injunctive relief would be appropriate relief for such breach and to prevent further breaches. Notwithstanding the foregoing, in the event Executive breaches the covenants set forth in Article 5, the Company’s
rights and remedies with respect to Executive’s Options, Option Stock, and Stock and payments related thereto, as those terms are defined in the Management Stockholder’s Agreement between Executive and the Company (the “MSA”),
shall be limited to those set forth in Section 22(c) of the MSA. 
 ARTICLE 6
 MISCELLANEOUS 
 6.1
Tax and Withholdings 
  

	 	a.	Tax and Financial Implications of Agreement. Executive represents and agrees that he is not relying on the judgment or advice of the Company, any of the Released
Parties, or their counsel, either directly or indirectly, with regard to the taxability of any amount paid pursuant to the terms of the Agreement. Executive further acknowledges and agrees that it is his responsibility to determine the tax
consequences of such amounts. In the event that any of the Released Parties is required under law to pay taxes (income, social security, or other) or related interest or penalties on any part of the payments described in Article 2 as a result of
Executive’s failure to do so or as a result of Executive’s treatment of those severance payments as non-taxable, Executive shall immediately reimburse the Released Parties the full amount of such tax or related payments. Otherwise,
Executive shall be responsible for reasonable expenses, including legal fees, incurred by any of the Released Parties in obtaining compliance with or enforcement of the terms of this Paragraph, as well as for the full amount of reimbursement
payments. With the exception of the first sentence in this Section 6.1a., this Section does not apply to the treatment of any Excise Taxes and any gross ups related thereto covered by Employment Agreement, which shall govern the parties’
obligations with respect to any such payments, expenses or penalties. 

  

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	 	b.	Withholding. The Company may withhold from any amounts payable under this Agreement such federal, state or local taxes as shall be required to be withheld
pursuant to any applicable law or regulation. In addition, Executive expressly authorizes and agrees that any amounts that he owes the Company or any Released Parties may be offset and deducted from the payments to be made hereunder, including
amounts owed under the energy conservation or appliance purchase programs, amounts owed for Company issued or sponsored travel or credit cards, vacation overpayment, and salary, bonus and benefit overpayments (the Company acknowledges that it is not
aware of any such amounts as of the execution of this Agreement), provided that no offsets shall be applied to amounts that constitute deferred compensation under Section 409A of the Code. 

  

	 	c.	Section 409A. This Agreement is intended to comply with the requirements of Section 409A of the Code and shall in all respects be administered in
accordance with Section 409A. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement
that (i) any reimbursement shall be for expenses incurred during Executive’s lifetime (or during a shorter period of time specified in this Agreement or the Employment Agreement, as applicable), (ii) the amount of expenses eligible
for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will
be made on or before the last day of the calendar year following the year in which the expense is incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

 6.2 Severability; Judicial Modification 
 If any term, provision, covenant, or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of this Agreement and the other terms,
provisions, covenants, and restrictions hereof shall remain in full force and effect; they shall in no way be affected, impaired, or invalidated. It is hereby stipulated and declared to be the intention of the Parties that they would have executed
this Agreement had the terms, provisions, covenants, and restrictions that may be hereafter declared invalid, void, or unenforceable not been initially included. 
 6.3 Survival of Covenants 
 The Parties agree that the covenants and
agreements set forth in Articles 3, 5, and 6 of this Agreement are of a continuing nature, and they shall survive the expiration, termination, or cancellation of this Agreement, unless such Articles are specifically extinguished, terminated, or
cancelled in a writing signed by both Parties and identified as an amendment to this Agreement. 
  

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 6.4 Assignment 
 This Agreement is personal between the Company and Executive. Executive may not sell, assign, or transfer any rights or interests created under this Agreement, or delegate any of his duties, without the
prior written consent of the Company. The Company may, without Executive’s consent, assign this Agreement and its rights, benefits, and obligations hereunder to any of its Affiliates or a successor entity. In the event of an assignment by the
Company to an Affiliate, the Company will act as a guarantor of any obligations to Executive arising from this Agreement. 
 6.5 Further
Assurances 
 The Parties agree to perform any further acts and to execute and deliver any further documents which may be
necessary or appropriate to carry out the purposes of this Agreement. 
 6.6 Cooperation 
 Executive hereby reconfirms his agreement in Section 9.n. of the Employment Agreement that, for a period of six (6) years after
the Separation Date, Executive shall provide Executive’s reasonable cooperation in connection with any action or proceeding (or any appeal from any action or proceeding) which relates to events occurring during Executive’s employment
hereunder, provided that the Company shall use reasonable efforts to avoid material interference with Executive’s business or personal activities. The Company shall pay all of Executive’s reasonable expenses incurred in connection with
providing such cooperation. 
 6.7 Governing Law; Attorneys’ Fees and Costs 
 This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Texas, regardless of
choice-of-law principles. Each party submits to the jurisdiction of the courts in Dallas County, Texas, and the Parties agree that the proper venue and jurisdiction for any cause of action relating to this Agreement (whether sounding in tort or
contract) shall be in Dallas County, Texas. In the event any issue arising out of this Agreement is litigated by the Parties, the prevailing party shall be entitled to recover from the other party its reasonable attorneys’ fees and costs.

 6.8 Notices 
 All notices from one party to the other shall be deemed to have been duly delivered when hand delivered or sent by United States certified mail, return receipt requested, postage prepaid, as follows: 
  

			
	If to Executive:	  	If to the Company:
		
	M. Rizwan Chand	  	General Counsel
	at the address on file with the Company	  	Energy Future Holdings Corp.
		  	 1601 Bryan Street, 41st Floor
 Dallas, Texas 75201.

  

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 6.9 Non-Waiver 
 The failure of either Party to enforce or require timely compliance with any term or provision of this Agreement shall not be deemed to be a waiver or relinquishment of rights or obligations arising
hereunder, nor shall any such failure preclude the enforcement of any term or provision or avoid the liability for any breach of this Agreement. 
 6.10 Merger/Entirety of Agreement 
 This Agreement constitutes the entire agreement between the Parties with
respect to the subject matter of this Agreement. Except where specifically referenced otherwise in this Agreement, it supersedes and replaces any and all prior or contemporaneous negotiations, undertakings, understandings, or agreements (whether
written or oral) of any kind between Executive and the Company with respect to the terms of Executive’s separation from the Company and its Affiliates except for Executive’s Management Stockholder’s Agreement, Sale Participation
Agreement, and Key Employee Non-Qualified Stock Option Agreement. 
  

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 I HAVE READ THIS AGREEMENT AND FULLY UNDERSTAND ALL ITS TERMS AND WHAT THEY MEAN. NO OTHER PROMISE,
INDUCEMENT, THREAT, AGREEMENT, OR UNDERSTANDING OF ANY KIND OR DESCRIPTION WHATSOEVER HAS BEEN MADE WITH OR TO ME TO CAUSE ME TO SIGN THIS AGREEMENT. I ENTER INTO AND SIGN THIS AGREEMENT KNOWINGLY AND VOLUNTARILY, WITHOUT DURESS OR COERCION OF ANY
KIND WHATSOEVER, AND WITH THE INTENT OF BEING LEGALLY BOUND BY THIS AGREEMENT. 
 IN WITNESS WHEREOF, the Parties execute this Agreement as
follows: 
  

			
	EXECUTIVE
	
	 /s/ M. Rizwan Chand

	M. Rizwan Chand
	
	THE COMPANY
		
	By:	 	 /s/ John F. Young

		 	John F. Young, Chief Executive Officer

  

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 Exhibit 1 
  

			
	Big Brown Lignite Company LLC	  	Executive Vice President
		
	Big Brown Power Company LLC	  	Executive Vice President
		
	Collin Power Company LLC	  	Executive Vice President
		
	DeCordova Power Company LLC	  	Executive Vice President
		
	EFH CG Management Company LLC	  	Executive Vice President
		
	EFH Corporate Services Company	  	Executive Vice President
		
	Energy Future Competitive Holdings Company	  	Senior Vice President
		
	Energy Future Holdings Corp.	  	Executive Vice President
		
	Energy Future Intermediate Holding Company LLC	  	Executive Vice President
		
	Generation MT Company LLC	  	Executive Vice President
		
	Generation SVC Company	  	Executive Vice President
		
	Lone Star Energy Services, Inc.	  	Senior Vice President
		
	Luminant Big Brown Mining Company LLC	  	Executive Vice President
		
	Luminant Energy Company LLC	  	Executive Vice President
		
	Luminant Energy Services Company	  	Executive Vice President
		
	Luminant Energy Trading California Company	  	Executive Vice President
		
	Luminant Energy Trading Canada Limited	  	Executive Vice President
		
	Luminant ET Services Company	  	Executive Vice President
		
	Luminant Generation Company LLC	  	Executive Vice President
		
	Luminant Holding Company LLC	  	Executive Vice President
		
	Luminant Mineral Development Company LLC	  	Executive Vice President

  

 14 

			
	Luminant Mining Company LLC	  	Executive Vice President
		
	Luminant Mining Services Company	  	Executive Vice President
		
	Luminant Power Services Company	  	Executive Vice President
		
	Luminant Renewables Company LLC	  	Executive Vice President
		
	Nuclear Energy Future Holdings II LLC	  	Executive Vice President
		
	Nuclear Energy Future Holdings LLC	  	Executive Vice President
		
	Texas Competitive Electric Holdings Company LLC	  	Senior Vice President
		
	Tradinghouse Power Company LLC	  	Executive Vice President
		
	TXU Chilled Water Solutions Company	  	Executive Vice President
		
	TXU Energy Retail Company LLC	  	Senior Vice President
		
	TXU Energy Retail Management Company LLC	  	Senior Vice President
		
	TXU Energy Solutions Company LLC	  	Executive Vice President
		
	TXU Retail Services Company	  	Executive Vice President
		
	TXU SEM Company	  	Executive Vice President
		
	TXU SESCO Company LLC	  	Executive Vice President
		
	TXU SESCO Energy Services Company	  	Executive Vice President
		
	Valley NG Power Company LLC	  	Executive Vice President

  

 15EFH Salary Deferral Program

 Exhibit 10(dd) 
 EFH 
 SALARY DEFERRAL PROGRAM 
  
  
  
  
  
 As
amended, effective January 1, 2010 

 Contents 
  
  
  

			
	 EFH Salary Deferral Program
	  	
	 Section 1. Purpose
	  	1
	 Section 2. Definitions
	  	1
	 Section 3. Deferral Eligibility and Participation
	  	7
	 Section 4. Election to Defer
	  	8
	 Section 5. Matching Awards, Vesting and Forfeitures
	  	8
	 Section 6. Investments and Earnings
	  	9
	 Section 7. Participant Accounts
	  	12
	 Section 8. Distribution of Accounts
	  	12
	 Section 9. Certain Elections for Pre-April 1, 1998 Participants
	  	16
	 Section 10. Nontransferability
	  	16
	 Section 11. Designation of Beneficiaries
	  	17
	 Section 12. Rights of Participants
	  	17
	 Section 13. Administration
	  	17
	 Section 14. Amendment or Termination of the Plan
	  	18
	 Section 15. Corporate Changes
	  	18
	 Section 16. Requirements of Law
	  	20
	 Section 17. Withholding Taxes
	  	20
	 Section 18. Investment and Funding
	  	20

  

 i 

 EFH SALARY DEFERRAL PROGRAM 
 (Amended effective January 1, 2010) 
 Section 1.
Purpose 
 1.1 Purpose. The EFH Salary Deferral Program (the “Plan”) was established, effective
April 1, 1991. The Plan is being amended and restated, effective as of January 1, 2010, to reflect that, as of such date, the Plan is being split into two separate plans, in connection with which Oncor Electric Delivery Company LLC
(“Oncor”) will establish the Oncor Salary Deferral Program (“Oncor Plan”), which shall be a spin-off from this Plan, and which represents all liabilities and proportional assets of the Plan relating to employees of Oncor, and all
other Participants will continue to be covered under this Plan. This amendment and restatement furthermore reflects that benefits under this Plan are being offset by certain additional benefits to be provided under the EFH Retirement Plan.

 The primary purpose of the Plan is to provide a mechanism for certain key employees of Participating Employers to defer a
portion of their Salary and Bonus, to motivate key employees, and to recognize the contributions of such employees to the Company as the Plan sponsor. The Plan is designed as an unfunded arrangement maintained primarily for the purpose of providing
deferred compensation for a select group of management or highly compensated employees as determined under the provisions of Section 201(2) of the Employee Retirement Income Security Act of 1974. 
 Section 2. Definitions 
 2.1 Definitions. Whenever used herein, the following terms shall have the meanings set forth below: 
 (a)
“Account” means the individual account maintained by the Company for each Participant for recording deferrals of Salary, Bonus and DICP Amounts made by each Participant in the Plan, Matching Awards made on behalf of each Participant in the
Plan, and earnings on such Deferrals and Matching Awards. 
 (b) “Adjustment Date” means the last day of each calendar
quarter and such other dates as the Committee in its discretion may prescribe. 
 (c) “Beneficiary” means the person
or persons named by the Participant as the recipient(s) of any distribution remaining to be paid to the Participant under the Plan upon the Participant’s death. 
 (d) “Board of Directors” means the Board of Directors of the Company. 
 (e) “Bonus” means the cash portion of any annual incentive award paid by a Participating Employer to a Participant with respect to services to be performed by a Participant during a Plan Year under an annual incentive plan adopted
by such Participating Employer. 
  

 1 

 (f) “Business Unit” means a subsidiary, division or operating unit of the Company
designated by the Chief Executive of the Company which will focus on its own unique products, services and markets. 
 (g)
“Change in Control” means the occurrence of any one or more of the following events: 
 (i) individuals who, on
May 20, 2005, constitute the Board of Directors (the “Board”) of the Company (the “Incumbent Directors”) cease for any reason to constitute at least a majority of the Board, provided that any person becoming a director
subsequent to May 20, 2005 whose election or nomination for election was approved by a vote of at least two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of the Company in
which such person is named as a nominee for director, without written objection to such nomination) shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an
actual or threatened election contest with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board shall be deemed to be an Incumbent Director;

 (ii) any “person” (as such term is defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”) and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company representing 25% or more of the combined voting power of the Company’s then outstanding securities eligible to vote for the election of the Board (the “Company Voting Securities”); provided, however, that the event described
in this paragraph (ii) shall not be deemed to be a Change in Control by virtue of any of the following acquisitions: (A) by the Company or any entity a majority of the voting securities or other voting interests of which are owned,
directly or indirectly, by the Company (“Subsidiary”), (B) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, (C) by any underwriter temporarily holding securities pursuant
to an offering of such securities, (D) pursuant to a Non-Qualifying Transaction (as defined in paragraph (iii) below), (E) with respect to any Eligible Executive, pursuant to any acquisition by such Eligible Executive or any group of
persons including such Eligible Executive (or any entity controlled by such Eligible Executive or controlled by any group of persons including such Eligible Executive); or (F) a transaction (other than one described in paragraph
(iii) below) in which Company Voting Securities are acquired from the Company, if a majority of the Incumbent Directors approve a resolution providing expressly that the acquisition pursuant to this clause (F) does not constitute a Change
in Control under this paragraph (ii); 
  

 2 

 (iii) the consummation of a merger, consolidation, statutory share exchange or similar form
of corporate transaction involving the Company or any of its Subsidiaries that requires the approval of the Company’s shareholders other than approval required solely by Article XI of the Company’s articles of incorporation, whether for
such transaction or the issuance of securities in the transaction (a “Business Combination”), unless immediately following such Business Combination: (A) more than 50% of the total voting power of (x) the corporation or other
entity resulting from such Business Combination (the “Surviving Corporation”), or (y) if applicable, the ultimate parent corporation or other entity that, directly or indirectly, has beneficial ownership of at least 95% of the voting
securities eligible to elect directors (or persons performing similar functions) of the Surviving Corporation (the “Parent Corporation”), is represented by Company Voting Securities that were outstanding immediately prior to such Business
Combination (or, if applicable, is represented by voting securities into which such Company Voting Securities were converted or for which such Company Voting Securities were exchanged pursuant to such Business Combination), and such voting power of
the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation) among the holders thereof is held in substantially the same proportion as the voting power of such Company Voting Securities held by the holders thereof
immediately prior to the Business Combination, (B) no person (other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation, as the case may be, or any Subsidiary
thereof), is or becomes the beneficial owner, directly or indirectly, of 25% or more of the total voting power of the outstanding voting securities eligible to elect directors (or persons performing similar functions) of the Parent Corporation (or,
if there is no Parent Corporation, the Surviving Corporation) and (C) at least a majority of the members of the board of directors (or similar governing body) of the Parent Corporation (or, if there is no Parent Corporation, the Surviving
Corporation) following the consummation of the Business Combination were Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement providing for such Business Combination or, if any director was elected
after such time but prior to the consummation of such Business Combination, such director was elected to fill a vacancy on the Board created in the ordinary course and qualifies as an Incumbent Director (any Business Combination which satisfies all
of the criteria specified in (A), (B) and (C) above shall be deemed to be a “Non-Qualifying Transaction”); or 
 (iv) the consummation of a complete liquidation or dissolution of the Company required to be approved by the Company’s shareholders or a sale of all or substantially all of the assets of the Company and its Subsidiaries, considered as
a whole. 
 Notwithstanding the foregoing, a Change in Control of the Company shall not be deemed to occur solely because any
person acquires beneficial ownership of more than 25% of the Company Voting Securities as a result of the acquisition of Company Voting Securities by the Company which reduces the number of Company Voting Securities outstanding; provided, that if
after such acquisition by the Company such person becomes the beneficial owner of additional Company Voting Securities that increases the percentage of outstanding Company Voting Securities beneficially owned by such person, a Change in Control of
the Company shall then occur. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended from time to time.

 (i) “Committee” means the Non-Qualified Plan Committee of the Company, whose members are appointed from time to
time by the Board of Directors or the Chief Executive of the Company. 
  

 3 

 (j) “Company” means Energy Future Holdings Corp., its successors and assigns.

 (k) “Company Stock” shall mean shares of common stock of the Company, having no par value. 
 (l) “Deferral” means the deferral of Salary, Bonus and/or DICP Amounts under this Plan as provided for in Section 4 hereof.

 (m) “Deferral Period” means the period of deferral, beginning with the first day of the applicable Plan Year, which
shall be seven years for the Seven Year Option and which shall be the period ending with Retirement for the Retirement Option (or six months thereafter with respect to specified employees as provided under Section 8.3). Notwithstanding the
foregoing, the Deferral Period shall end on the date of death, Disability, or Separation from Service (or six months thereafter with respect to specified employees as provided under Section 8.3) and, to the extent that amounts otherwise
eligible for distribution under this Plan combined with the Participant’s other remuneration exceeds the Applicable Employee Remuneration for such year, the Deferral Period for such excess amount shall end with Retirement or such earlier date
as of which such amounts, or any part thereof, combined with other remuneration does not exceed the Applicable Employee Remuneration. For purposes of this definition, “Applicable Employee Remuneration” means applicable employee
remuneration as that term is defined in Section 162(m), or any successor provision, of the Code. Transition Provision: Notwithstanding any other provisions contained herein, the Deferral Period for amounts subject to an Election made for
periods prior to April 1, 1998, shall be the Deferral Period applicable at the time of the Election. 
 (n)
“DICP” means the EFH Deferred and Incentive Compensation Plan, as it may be amended from time to time. 
 (o)
“DICP Amounts” means amounts deferred to this Plan prior to January 1, 2006, which would have been distributed under the DICP if not for the deferral of such amounts hereunder. 
 (p) “Disability” means a medically determinable physical or mental impairment that can be expected to last for a continuous period
of not less than 12 months, as a result of which the Participant is entitled to receive, and has been receiving for a period of not less than three months, income replacement benefits under one or more plans of the Company. 
 (q) “Early Retirement” means Retirement at age fifty-five or later but prior to Normal Retirement. 
 (r) “EFH Stock Fund Account” shall mean the notional subaccount established on behalf of a Participant with respect to the portion
of such Participant’s Account as is designated pursuant to Section 6.3 to be deemed invested in Company Stock. 
  

 4 

 (s) “EFH Stock Fund Account Distribution Event” shall mean the earliest to occur
of any of the following change in control events: (i) any one person, or more than one person acting as a group (as determined in accordance with Treasury Regulation Section 1.409A-3(i)(5)(v)(B)) (a “Person”), acquires (or has
acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets of the Company that have a total gross fair market value of 90 percent or more of the gross fair market value of all the assets
of the Company immediately before such acquisition or acquisitions (subject, however, to the limitations of Treasury Regulation Section 1.409A-3(i)(5)(vii)(B)); (ii) any Person acquires ownership of capital stock of the Company that,
together with stock held by such Person, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company; or (iii) a majority of members of the Company’s Board of Directors is
replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board of Directors before the date of the appointment or election; provided, however, that in the case
of clauses (i) and (ii), an EFH Stock Fund Account Distribution Event shall not be deemed to occur unless such event results in such Person gaining control of more seats on the Company’s Board of Directors than the Sponsor Group.

 (t) “Eligible Employee” shall mean an employee of a Participating Employer whose Salary, as of October 1 of
the previous year, meets or exceeds a threshold Salary level (which shall not be less than $100,000) and/or other criteria established by the Plan Administrator for each Plan Year based on such factors as the Plan Administrator deems appropriate.
Neither individuals whose benefit under the Plan have been transferred to the Oncor Plan, nor members of the SPC, shall be Eligible Employees hereunder. 
 (u) “Management Stockholder’s Agreement” shall mean the form of Management Stockholder’s Agreement, to be entered into between the Company and the Management Stockholders (as defined
in the Management Stockholder’s Agreement), relating to investment in Company Stock and options for Company Stock. 
 (v)
“Matching Award” means matching contributions made by the Participating Employers pursuant to section 5.1 of the Plan. 
 (w) “Normal Retirement” means Retirement at age sixty-two or later. 
 (x) “Participant” means an
Eligible Employee who elects to participate in the Plan and whose Account(s) has not been completely distributed; provided, however, that “Participant” shall not include any individual whose benefit under this Plan has been assumed by the
Oncor Plan. 
 (y) “Participating Employer” means the Company and each of its subsidiaries, affiliates or Business
Units which are approved by the Committee for participation in this Plan. The Participating Employers, as of the date of the restatement of this Plan, are listed on Exhibit “A” attached hereto. Participation in the Plan by additional
Participating Employers will commence as of the beginning of the Plan Year following Committee approval of such participation. 
  

 5 

 (z) “Plan Administrator” means the person(s) or entities appointed by the
Committee to assist in carrying out the operation of the Plan. 
 (aa) “Plan Year” means the twelve-month period
beginning January 1 and ending December 31. 
 (bb) “Rate” means the earnings rate to be applied to certain
Deferrals and Matching Awards under Section 6.2 and pursuant to Section 9.1 hereof for the Deferral Period which shall be the greater of: (i) the actual earnings rate, as determined by the Trustee, for assets held in Trust under the
Seven-Year Option and invested in accordance with the provisions of Section 6.2; and (ii) the Alternative Rate. The term “Alternative Rate” shall mean the average earnings rate, as determined by the Trustee, of interest rates
payable on Treasury Notes of the United States Government with a maturity period of ten years. Income credited under the Alternative Rate shall be determined by multiplying the Alternative Rate for the Plan Year within the Deferral Period times the
average balance in the Account for such Plan Year, including income earned for prior periods. Income on all Accounts under the Plan shall be deemed to have been earned on a consistent basis. 
 (cc) “Retirement” means termination of employment from a Participating Employer upon attaining age 65, or as early as attaining
age 55 with at least 16 years of Service. 
 (dd) “Retirement Option” means the option to defer receipt of certain
amounts of Salary, Bonus and/or DICP Amounts until Retirement. 
 (ee) “Salary” means the annualized rate of normal
base pay earnings, prior to any deferrals, of an Employee exclusive of overtime, bonuses or any fringe benefits. 
 (ff)
“Sale Participation Agreement” shall mean the form of Sale Participation Agreement, to be entered into between Texas Energy Future Holdings Limited Partnership and the Management Stockholders, relating to investment in Company Stock and
options for Company Stock. 
 (gg) “Separation from Service” means termination of employment under circumstances that
would qualify as a “separation from service” for purposes of Code Section 409A and the regulations issued thereunder. 
 (hh) “Service” shall mean the aggregate period of employment of a Participant with all Participating Employers, determined on an elapsed time basis. 
 (ii) “Seven Year Option” means the option to defer receipt of certain amounts of Salary, Bonus and/or DICP Amounts for seven years. 
 (jj) “SPC” means the Strategy and Policy Committee of the Company, whose members are appointed from time to time by the Chief
Executive of the Company. 
 (kk) “Sponsor Group” shall mean investment funds affiliated with Kohlberg Kravis
Roberts & Co. L.P., TPG Capital, L.P. and Goldman, Sachs & Co., who contributed certain funds to Texas Energy Future Holdings Limited Partnership, a Delaware limited partnership, in exchange for limited partnership units.

  

 6 

 (ll) “Trust” means the trust(s) established by the Company to assist it in meeting
its obligations under the Plan. 
 (mm) “Trustee” means the trustee appointed by the Committee to hold assets of the
Plan. 
 (nn) “Unforeseeable Emergency” means a severe financial hardship to a Participant resulting from an illness
or accident of the Participant, the Participant’s spouse or a dependent (as defined in Code section 152(a)) of a Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstance
arising as a result of events beyond the control of the Participant. 
 (oo) “Valuation Date” means each date as of
which the Board of Directors certifies the value of one share of Company Stock, which certification shall be final and binding on all interested parties. 
 (pp) “Vesting Period” means the period beginning with the date of the beginning of the Plan Year of deferral and ending with the end of the seventh Plan Year. 
 Section 3. Deferral Eligibility and Participation 
 3.1 Eligibility. An Eligible Employee shall be eligible to participate in the Plan as of the date that he satisfies the eligibility requirements set forth herein. All Eligible Employees will be
given the opportunity, annually during an election period prior to the beginning of a Plan Year, to participate in the Plan during such Plan Year. Additionally, an Eligible Employee may elect, irrevocably, by written notice to the Plan Administrator
on an election form, at the time(s), and in the manner prescribed by the Plan Administrator, to make DICP Deferrals under the Retirement Option, the Seven Year Option, or a combination thereof, in one percent (1%) increments up to a maximum of
one hundred percent (100%) of DICP Amounts; provided that such DICP Deferral election is made at least twelve months prior to the date that such amounts would otherwise mature under the DICP, and provided further that this sentence shall apply
only to amounts that would otherwise mature under the DICP prior to January 1, 2006. Individuals who first become Eligible Employees during the Plan Year shall be notified of their eligibility and shall be given the opportunity, during the
thirty (30) day period following the date of initial eligibility, to participate in the Plan for the remainder of such Plan Year. Elections with regard to participation during a Plan Year shall be irrevocable. 
 3.2 Participation. All Eligible Employees may elect to participate in this Plan, and defer Salary and Bonus and/or DICP Amounts in
the manner prescribed in Section 4.1 below. 
  

 7 

 Section 4. Election to Defer 
 4.1 Deferral Election. An Eligible Employee may elect, irrevocably, by written notice to the Plan Administrator on an election form at
the time(s), and in the manner prescribed by the Plan Administrator, to make Deferrals during the Plan Year of a percentage of Salary and/or Bonus, under the Retirement Option, the Seven Year Option, or a combination thereof, in one percent
(1%) increments, up to a maximum of fifty percent (50%) of Salary and eighty-five percent (85%) of Bonus. Such election shall be made by an individual who first becomes eligible, during the period specified in Section 3.1, and by
all other Participants during the election period prescribed by the Plan Administrator, which shall be, prior to the first day of the Plan Year to which such election relates. 
 4.2 Salary Deferrals. Salary deferred under the Plan will be ratably deducted in each pay period during the Plan Year. 
 4.3 Bonus Deferrals. Bonus deferred under the Plan will be deferred at the time that the Bonus would otherwise have been paid.

 4.4 Deferrals of DICP Amounts. Amounts which would otherwise mature under the DICP but are deferred hereunder prior to
January 1, 2006, will be deferred immediately prior to the time that such amounts would otherwise mature under the terms of the DICP. 
 Section 5. Matching Awards, Vesting and Forfeitures 
 5.1 Matching Awards. Prior to each Plan
year, the SPC, within its sole discretion, shall determine whether each Participating Employer shall be required to contribute to the Account of each Participant employed by such Participating Employer a Matching Award equal to a percentage of the
Participant’s Salary Deferral for that Plan Year and, if applicable, the amount of the Matching Award for that Plan Year. Any Matching Award shall be credited at the time of the crediting of the Salary Deferral amount to be matched. 

5.2 Vesting. Subject to the forfeiture provisions of Section 5.3, a Participant shall at all times be one hundred percent
(100%) vested in the Participant’s Salary Deferrals, Bonus Deferrals, DICP Amounts and all earnings thereon. A Participant shall be one hundred percent (100%) vested in the Participant’s Matching Awards, and on income earned on
such Matching Awards at the end of the Vesting Period. Notwithstanding any other provision of this Plan, a Participant’s Account shall become one hundred percent (100%) vested upon the Participant’s Normal Retirement, death, or
Disability regardless of the applicable Vesting Period. 
 5.3 Forfeitures. The following amounts shall be forfeited from
a Participant’s Account as of the date upon which the forfeiture is created: 
 (a) Seven Year Option Forfeitures.

 (i) Early Retirement. An amount equal to four percent (4%) of the portion of the Participant’s Account
balance relating to Matching Awards and earnings thereon, and Salary Deferrals subject to Matching Awards and earnings thereon, for each full year Retirement occurs prior to Normal Retirement shall be forfeited. 
  

 8 

 (ii) Termination for other than Death, Disability or Retirement. If termination of
service with the Company occurs for reasons other than death, Disability, or Retirement, Matching Awards and all earnings thereon shall be forfeited. 
 (b) Retirement Option Forfeitures. 
 (i) Early Retirement. An amount
equal to four percent (4%) of the Participant’s Account balance relating to non-vested Matching Awards and earnings thereon, and Salary Deferrals subject to Matching Awards and earnings thereon, for each full year Retirement occurs prior
to Normal Retirement shall be forfeited. 
 (ii) Termination for other than Death, Disability or Retirement. If
termination of service with the Company occurs for reasons other than death, Disability, or Retirement, Matching Awards and all earnings thereon for Plan Years which are nonvested, shall be forfeited. 
 Section 6. Investments and Earnings 
 6.1 Investments and Earnings For Deferrals and Matching Awards After April 1, 1998. With respect to the portion of a Participant’s Account relating to Salary and Bonus Deferrals and
Matching Awards made from and after April 1, 1998, and DICP Amounts previously deferred hereunder, the amount credited to a Participant’s Account shall be adjusted as of each Adjustment Date to reflect such gain, loss and/or expenses
incurred based on the experience of the investments selected by the Participant prior to the date prescribed by the Committee for the investment of his or her Account and taking into account additional Deferrals credited to and distributions made
from such Account since the last Adjustment Date. The Committee shall have sole and absolute discretion with respect to the number and type of investment choices made available for selection by Participants, the timing and manner of Participant
investment elections and the method by which adjustments are made. The designation of investment choices by the Committee shall be for the sole purpose of adjusting Accounts pursuant to this Section and this provision shall not obligate the
Participating Employers to invest or set aside any assets for the payment of benefits hereunder; provided, however, that a Participating Employer may invest a portion of its general assets in investments, including investments which are the same as
or similar to the investment choices designated by the Committee and selected by Participants, but any such investments shall remain part of the general assets of such Participating Employer and shall not be deemed or construed to grant a property
interest of any kind to any Participant, designated beneficiary or estate. The Committee shall notify the Participants of the investment choices available and the procedures for making and changing investment elections. 
 6.2 Investments and Earnings For Deferrals and Matching Awards Made Prior to April 1, 1998. With respect to the portion of a
Participant’s Account relating to Salary Deferrals and Matching Awards made prior to April 1, 1998 under the Seven Year Option, together with all earnings on such Salary Deferrals and Matching Awards, the Trustee shall continue to invest
such amounts in a fixed income fund of investment grade securities under investment guidelines established by the Committee. The Trustee shall continue to invest all other contributions to Participants’ Accounts made prior to April 1, 1998
in a manner consistent with investment guidelines established by the Committee. At the time of distribution of the portion of Accounts attributable to Salary Deferrals and Matching Awards made prior to April 1, 1998, Participants will receive
their Account balances relating to such pre-April 1, 1998 Salary Deferrals and Matching Awards, including income determined by applying the Rate. 
  

 9 

 6.3 Special One-Time Election for Notional Investment in Company Stock. 

(a) Notwithstanding any other provision of the Plan to the contrary, the Plan Administrator shall provide to those Participants who
satisfy the eligibility requirements of Section 6.3(b) the opportunity to make a special investment election whereby all or a specified portion of such Participant’s vested Account shall, effective as of December 28, 2007, be deemed
to be invested in Company Stock. Such election shall be made in such manner as is consistent with the transition relief contained in Section 3.02 of Internal Revenue Service Notice 2007-86, to the extent such election, and the terms and
conditions of this Section 6.3, impact the form and timing of payment of amounts so invested. Such elections shall be effected pursuant to election forms, shall be made within the election period specified below, and shall be subject to other
requirements as may be approved by the Plan Administrator. 
 (b) Deemed investment elections under this Section 6.3 shall
be permitted only with respect to Participants who, as of December 28, 2007: (i) are eligible to participate in the 2007 Stock Incentive Plan for Employees of Energy Future Holdings Corp.; and (ii) have not elected to take a special
distribution pursuant to Section 8.6 of the Plan. Any such elections must be made on or before December 28, 2007, and shall only be effective with respect to amounts that would not have otherwise become distributable under the Plan in
2007. 
 (c) Any amounts designated by a Participant as deemed invested in Company Stock by virtue of the special election
permitted under this Section 6.3 shall be reallocated from its current deemed investment to such Participant’s EFH Stock Fund Account and shall be deemed invested in Company Stock effective as of such time as designated by the Plan
Administrator and communicated to Participants. Amounts so designated shall be taken first from the vested portion of such Participant’s Account that is subject to the Seven-Year Option and thereafter from the vested portion of such
Participant’s Account as is subject to the Retirement Option, in each case, in the order in which such amounts were first deferred to the Plan. 
 (d) All amounts held in a Participant’s EFH Stock Fund Account shall remain a deemed investment in Company Stock (and may not be redirected or reinvested by the Participant), except that such amounts
may be (or shall be, to the extent required) redirected into other investment options under the Plan upon the occurrence of events as described in the Management Stockholder’s Agreement or the Sale Participation Agreement that would otherwise
permit (or require) a transfer of such Company Stock had the Participant been the holder of such Company Stock as of the date such Participant elected, pursuant to this Section 6.3, to designate Company Stock as a deemed investment hereunder,
or where the repurchase by the Company of some or all of the Participant’s deemed investment in Company Stock under the Plan has been duly authorized by action of the Company or its designee. Upon any such required redirection, if the
Participant has not redirected the investment of such amounts with such period as determined by the Plan Administrator after being notified of such required reinvestment, the Plan Administrator may hold such amounts in cash pending receipt of such
Participant’s reinvestment direction. Any amount redirected, however, although no longer deemed invested in Company Stock, shall nonetheless remain allocated to the Participant’s EFH Stock Fund Account for purposes of determining the form
and timing of distribution with respect to such amounts. For the sake of clarification, any reinvestment right or obligation under this Section 6.3(d) shall apply only with respect to a number of shares of Company Stock deemed held in such
Participant’s EFH Stock Fund Account equal to the total number of shares that would have been permitted or required to be sold by the Participant, assuming the Participant had actually held such shares of Company Stock directly for investment
by such Participant outside of the Plan and Participant otherwise held no other shares of Company Stock, upon the occurrence of the event as described in the Management Stockholder’s Agreement or the Sale Participation Agreement that would
otherwise permit (or require) a transfer or liquidation of Company Stock. 
  

 10 

 (e) The distribution of amounts allocated to a Participant’s EFH
Stock Fund Account shall be governed exclusively by the provisions of this Section 6.3, and not by the provisions of Article 8. Upon the earlier to occur of a Separation from Service or an EFH Stock Fund Account Distribution Event (the
“Applicable Payment Event”), the Participant’s EFH Stock Fund Account shall become distributable to the Participant. Such amount shall be distributed in the form of (i) with respect to the portion, if any, of the EFH Stock Fund
Account that is deemed invested in Company Stock at the time of the distribution, either in shares of Company Stock or cash, or any combination thereof, as determined by the Company within its sole discretion; or (ii) in cash, with respect to
the portion, if any, of the EFH Stock Fund Account that has been reallocated into any investment option other than Company Stock, as provided in Section 6.2(d). Such distribution shall be made in a single lump sum to the Participant within 60
days of the Applicable Payment Event; provided, however, that in no event shall payment be made later than the last day of the calendar year in which the Applicable Payment Event occurs, or if later, the fifteenth (15th) day of the third month following the date of the Applicable
Payment Event. Such distribution shall be reduced by the amount of any otherwise applicable withholding or employment taxes. The amount of applicable withholding will be calculated at the rate applicable to supplemental earnings with respect to such
Participant, and may be charged against the portion of the Participant’s EFH Stock Fund Account that is distributed in cash or shares of Company Stock in such proportion as the Plan Administrator may determine in its sole discretion. The value
of a share of Company Stock for purposes of calculating any amounts withheld from a distribution, or the cash payable in lieu of shares as described in clause (i) of this Section 6(e), shall be based upon the Valuation Date immediately
preceding, or concurrent with, the Applicable Payment Event. 
 (f) In the event a Participant receives a distribution of shares
of Company Stock pursuant to Section 6.3(e) above, such Participant shall hold such shares subject to the terms of the Management Stockholder’s Agreement and the Sale Participation Agreement, and for purposes of applying the terms and
conditions of the Management Stockholder’s Agreement and Sale Participation Agreement, such Company Stock shall be deemed to have been purchased by the Participant on December 28, 2007. Notwithstanding the foregoing, and in addition to any
transfer restrictions imposed by the Management Stockholder’s Agreement and Sale Participation Agreement, a Participant receiving a distribution of Company Stock shall not transfer any of such shares during the period commencing on the date of
the distribution and ending six (6) months thereafter. By designating an investment in Company Stock pursuant to this Section 6.3, a Participant shall be deemed to have consented to be bound by the terms and conditions of the Management
Stockholder’s Agreement and Sale Participation Agreement, regardless of whether such Participant has executed such agreements. 
  

 11 

 (g) The Plan Administrator, within its sole discretion, may require any Participant who
makes a deemed investment election under this Section 6.3 to execute such documents or other agreements, including without limitation the Management Stockholder’s Agreement and/or the Sale Participation Agreement, that the Plan
Administrator deems appropriate or necessary to ensure that the investment in Company Stock is administered consistent with the terms of the Plan, the requirements of Code Section 409A, and the intent of the Company in allowing the election
described in this Section 6.3. 
 Section 7. Participant Accounts 
 7.1 Separate Accounts. The Plan Administrator shall establish and maintain separate individual Accounts for each Participant for
deferrals of Salary, Bonus and DICP Amounts, Matching Awards and earnings thereon for each Plan Year. 
 7.2 Unsecured
Interest. No Participant or Beneficiary shall have any security interest whatsoever in any assets of the Company or any Participating Employer. To the extent that any person acquires a right to receive payments under the Plan, such right shall
not be secured or represented by any assets of the Company or any Participating Employer. 
 Section 8. Distribution of Accounts

 8.1 Value of Participant’s Accounts. 
 (a) Deferrals and Matching Awards Made On or After April 1, 1998. The value of the portion of a Participant’s Account
relating to Salary and Bonus Deferrals and Matching Awards made on or after April 1, 1998, and deferrals of DICP Amounts, shall be determined based upon the amount credited to such Account as of the most recent Adjustment Date plus any
Deferrals and Matching Awards credited to such Account since such Adjustment Date. 
 (b) Deferrals and Matching Awards Made
Prior to April 1, 1998. The value of the portion of a Participant’s Account relating to Salary Deferrals and Matching Awards made prior to April 1, 1998 shall be determined as of the last day of the applicable Deferral Period.

 (c) Reduction of Accounts Upon Distributions and Forfeitures. The amount of each distribution made with respect to an
Account and any forfeiture amounts applied pursuant to Section 5.2 shall be deducted from the balance credited to such Account at the time of distribution or forfeiture. 
  

 12 

 (d) Offset of Benefit Provided Under Qualified Retirement Plan. Notwithstanding any
other provision of this Plan, the amount of a Participant’s benefit as otherwise determined under this Plan as of September 30, 2009, (or, if less, the balance as of December 31, 2009), shall be offset by the lump sum benefit provided
to such Participant (if any) under Section 7.5 of the EFH Retirement Plan and specified in Part (II) of Appendix F thereof. Such offset shall be applied first to the portion of a Participant’s Account that is subject to the Retirement
Option form of payment as described in Section 8.2(b), and second, to the portion of a Participant’s Account subject to the Seven-Year Option (beginning with the portion of the account that was most recently deferred and that therefore
would be otherwise subject to distribution from this Plan at the latest time). Such offset shall finally be applied to offset the amount credited to the Participant’s EFH Stock Fund Account, but only to the extent the amount subject to
reduction is no longer deemed invested in Company Stock. 
 8.2 Form and Timing of Distribution. The value of the
Participant’s Accounts at distribution shall be paid in cash, as follows: 
 (a) Seven-Year Option - in a lump-sum
distribution as soon as practicable after the end of the Deferral Period, but in no event later than sixty days following such date. The portion of the Participant’s Account subject to distribution hereunder shall be valued as of the end of the
Deferral Period and shall not earn interest or be otherwise adjusted for earnings for the period from the end of the Deferral Period to the date of distribution. 
 (b) Retirement Option - 
 (i) Form of Payment upon Retirement - The
aggregate amounts deferred under the Retirement Option, together with any matching contribution or earnings attributable thereto, shall be distributed in a single annual installment, or in annual installments over the period certain elected by the
Participant as provided in Section 8.2(b)(iii) from two to ten years, or fifteen years, or twenty years, commencing in the year after, but in no event later than twelve months following the date of Retirement, subject, however, to the delay
provided for in Section 8.3. During the distribution period, undistributed amounts in the Retirement Option shall continue to be adjusted for earnings pursuant to Section 8.2(b)(iv). In the event of the death of a Participant or
Beneficiary during the distribution period, the remainder of the Account shall be distributed to the Participant’s Beneficiary, or if no Beneficiary has been designated, to the estate of the Participant or Beneficiary in a lump-sum distribution
as soon as practicable after the Participant’s date of death. 
 (ii) If Participant Terminates - If the
Participant terminates employment prior to Retirement, then the portion of his Account subject to the Retirement Option shall be paid in a lump-sum distribution as soon as practicable after the end of the Deferral Period, but in no event later than
sixty days following such date. The portion of the Participant’s Account subject to distribution hereunder shall be valued as of the end of the Deferral Period and shall not earn interest or be otherwise adjusted for earnings for the period
from the end of the Deferral Period to the date of distribution. 
  

 13 

 (iii) Election of Payment Term - Each Participant shall elect the period over which
amounts in such Participant’s Account subject to the Retirement Option shall be paid. Except as provided for in Section 8.2(b)(iv) below, such election shall be made on or before the date the Participant first commences participation in
the Plan. Such election shall apply to the entire portion (if any) of the Participant’s Account that is subject to the Retirement Option, regardless of when such amounts were deferred or otherwise credited to the Participant’s Account, and
shall be irrevocable. 
 (iv) Special Distribution Elections - Notwithstanding the provisions of paragraph
(iii) above, Participants shall be entitled to make a distribution election (or elections) at such time or times as determined by the Plan Administrator consistent with Code Section 409A and the rules and regulations issued thereunder with
respect to all accounts deferred under the Plan before and after such election(s), and such election(s) shall, to the extent determined by the Plan Administrator consistent with Code Section 409A and the rules and regulations issued thereunder,
supersede any other elections previously made by the Participant. 
 (v) Earnings During Distribution Period - With
respect to the portion of the Participant’s Account relating to Salary, Matching Awards and Bonus Deferrals made on or after April 1, 1998 and DICP Amounts, the Participant may, within 60 days of Retirement, in accordance with
administrative procedures established by the Plan Administrator, elect to have all or a portion of his or her Account allocated, in increments of 1%, to a Fixed Annuity Fund (“Fixed Annuity”), which shall be credited a fixed rate of
interest throughout the Retirement distribution period. This rate will equal the Fixed Account rate in effect at the time of Retirement. Any amounts not allocated to a Fixed Annuity by the end of such 60-day period shall earn a variable annuity rate
of return taking into account the earnings and losses credited to the Participant’s Account as a result of the investment return tracking elections made by the Participant during the annuity period (“Variable Annuity”). Except as
otherwise provided in Section 9.2, with respect to the portion of the Participant’s Account relating to Salary Deferrals and Matching Awards made prior to April 1, 1998, such installments shall be made in a fixed amount which shall
amortize the value of such portion of the Participant’s Account over the period elected by the Participant in Section 8.2(b)(iii), using the Rate as a projected earnings rate of return. 
 (c) DICP Amounts. DICP Amounts that are deferred to the Plan prior to January 1, 2006 shall not be payable earlier than the
later of (i) the date such amounts would otherwise become payable hereunder, or (ii) the date that is five (5) years after the date that such amounts were deferred to this Plan under Section 4.4. 
 8.3 Delay of Certain Benefit Payments. 
 (a) With respect to any Participant who is a “specified employee” (within the meaning of Code section 409A and the regulations issued thereunder), the distribution of any benefits shall not
commence earlier than the date that is six (6) months following the date of such Participant’s Separation from Service. In the event that any benefit payable in installments is delayed by application of this Section 8.3(a), the period
of payment shall not be extended, the first payment shall include all amounts that would have otherwise been paid in the absence of such delay, and subsequent payments shall be made at such times and in such amounts as would have otherwise been paid
in the absence of such delay. 
  

 14 

 (b) The provisions of Section 8.3(a) shall not apply (i) with respect to any
distribution made on account of the death or Disability of the Participant, or (ii) if, at the time of such Participant’s Separation from Service, no stock of either the Company or the Participant’s employer is publicly traded on an
established securities market or otherwise. 
 8.4 Election to Delay Commencement of Retirement Option Payments.

 Any Participant may make a one-time election to delay the commencement of payment of that portion of his Account that is
subject to the Retirement Option payment provisions of Section 8.2(b), subject to the following: 
 (a) Such election shall
be made no later than twelve (12) months prior to the date on which such payments would have otherwise commenced (without regard to the application of Section 8.3), and 
 (b) Such election must specify a payment date that will cause the commencement of the payment of such amounts to be delayed for at least
five (5) years beyond the date such payments would have otherwise commenced in the absence of the election under this Section 8.4. 
 (c) A Participant may make only one election under this Section 8.4 during the period of his participation in the Plan and such election will be ineffective until the expiration of twelve
(12) months after the date it is made. 
 (d) An election under this Section 8.4 shall not be effective with respect
to any amount subject to the Retirement Option that is payable as a lump sum under Section 8.2(b)(ii). 
 8.5
Distribution in the Event of an Unforeseeable Emergency. If a Participant encounters an Unforeseeable Emergency, the Plan Administrator in its absolute discretion may direct the Company to pay to such Participant such portion of the Account,
including the entire amount if appropriate, as the Committee shall determine to be necessary to satisfy the need presented by such Unforeseeable Emergency, plus amounts necessary to pay all taxes and penalties reasonably anticipated as a result of
the distribution. A distribution on account of an Unforeseeable Emergency may not be made to the extent such emergency may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets
(to the extent the liquidation would not itself cause severe financial hardship). 
 8.6 Special Payment Election(s).
Effective as of December 4, 2007, and notwithstanding any other provision of the Plan to the contrary, Participants who would be otherwise eligible to make an election under Section 6.3 or 6.4 of the Plan, will have the opportunity to make
a special election or elections regarding the form and/or timing of the payment of amounts previously deferred under the Plan, consistent with the transition relief contained in Section 3.02 of Internal Revenue Service Notice 2007-86. Such
elections under Section 8.6 shall be effected pursuant to election forms, shall be within specified election periods, and shall be subject to other requirements as may be approved by the Plan Administrator. Additionally, such elections may
specify the funds to which the elections may apply (including amounts subject to the Seven-Year Option, the Retirement Option, or both), and the method by which any distribution effected thereby shall be charged against the Participant’s
Account under the Plan all as determined or permitted by the Plan Administrator in its sole discretion. This Section 8.6 shall be implemented and applied within the sole discretion of the Plan Administrator, and in no event shall any
Participant have any right to demand a special payment election hereunder. 
  

 15 

 Section 9. Certain Elections for Pre-April 1, 1998 Participants 
 9.1 Election to Continue Under Prior Plan Provisions. Notwithstanding anything herein to the contrary, Eligible Employees who, as of
March 31, 1998, were Participants in this Plan were given the opportunity, pursuant to a one-time, irrevocable written election, to have certain Plan provisions relating to permitted Deferrals, Matching Awards and investments which were in
effect immediately prior to the effective date of the restatement of this Plan, as described in Exhibit “B” attached hereto and incorporated herein by reference (the “Prior Plan Provisions”), apply with respect to their future
Plan participation. 
 9.2 Election for Investment of Pre-April 1, 1998 Deferrals and Matching Awards.
Notwithstanding anything herein to the contrary, Eligible Employees who, as of March 31, 1998, were Participants in this Plan and who do not make the election provided for in Section 9.1 to have the Prior Plan Provisions apply to their
future Plan participation, were given the opportunity, pursuant to a one-time, irrevocable written election, to have the investment provisions set forth in Section 6.1 and the valuation provisions set forth in Section 8.1(a) apply to the
entirety of their Account, including Salary Deferrals and Matching Awards made prior to April 1, 1998. The Account of each Participant who made such an election was valued as of March 31, 1998 using the actual rate of return of such
Account assets in accordance with the investment provisions of Section 6.2. From and after April 1, 1998, the provisions of Sections 6.2 and 8.1(b) no longer applied to any portion of their Account. Furthermore, such Participant’s
election under Section 8.2(b)(iv) shall be applied as if all amounts in Participant’s Account, subject to the Retirement Option, were deferred on or after April 1, 1998. 
 Section 10. Nontransferability 
 10.1 Nontransferability.
In no event shall the Company or any Participating Employer make any distribution or payment under this Plan to any assignee or creditor of a Participant or a Beneficiary. Prior to the time of a distribution or payment hereunder, a Participant or a
Beneficiary shall have no right by way of anticipation or otherwise to assign or otherwise dispose of any interest under this Plan. 
  

 16 

 Section 11. Designation of Beneficiaries 
 11.1 Specified Beneficiary. A Participant shall designate a Beneficiary or Beneficiaries who, upon the Participant’s death are to
receive the amounts that otherwise would have been paid to the Participant. All Beneficiary designations shall be in writing and signed by the Participant, and shall be effective only if and when delivered to the Plan Administrator during the
lifetime of the Participant. A Participant may, from time to time during his lifetime, change his Beneficiary or Beneficiaries by a signed, written instrument delivered to the Plan Administrator. The payment of amounts shall be in accordance with
the last unrevoked written designation of the Beneficiary that has been signed and so delivered. 
 11.2 Estate as
Beneficiary. If a Participant designates a Beneficiary without providing in the designation that the Beneficiary must be living at the time of each distribution, the designation shall vest in the Beneficiary all of the distributions whether
payable before or after the Beneficiary’s death, and any distributions remaining upon the Beneficiary’s death shall be made to the Beneficiary’s estate. In the event a Participant shall not designate a Beneficiary or Beneficiaries, or
if, for any reason, such designation shall be ineffective, in whole or in part, as determined solely in the discretion of the Plan Administrator, the distribution that otherwise would have been paid to such Participant shall be paid to the
Participant’s estate. 
 Section 12. Rights of Participants 
 12.1 Employment. Nothing in the Plan shall alter or interfere in any way with the employment relationship between Participants and
Participating Employers, nor limit in any way the right of the Company or any Participating Employer to terminate any Participant’s employment at any time. This Plan shall not confer upon any Participant any right to continue in the employ of
the Company or any Participating Employer. 
 Section 13. Administration 
 13.1 Administration. The Committee shall be responsible for the administration of the Plan. The Committee is authorized, in its sole
discretion, to interpret the Plan, to prescribe, amend, and rescind rules and regulations relating to the Plan, provide for conditions and assurances deemed necessary or advisable to protect the interests of the Company, and to make all other
determinations necessary or advisable for the administration of the Plan. The determination of the Committee, interpretation or other action made or taken pursuant to the provisions of the Plan, shall be final and shall be binding and conclusive for
all purposes and upon all persons whomsoever. The Committee shall appoint a Plan Administrator to assist in carrying out the operations of the Plan and a Trustee of the Trust to accompany the Plan. 
 13.2 Annual Reports. The Plan Administrator shall render annually a written report to each Participant which shall set forth, at a
minimum, the Participant’s Account balances as of the end of the most recent Plan Year. 
  

 17 

 Section 14. Amendment or Termination of the Plan 
 14.1 Amendment or Termination of the Plan. The Board of Directors may amend, terminate, or suspend the Plan at any time. Further, the
Committee may amend the Plan at any time; provided, however, that the authority of the Committee to amend the Plan shall be limited to amendments consistent with the following criteria: (i) the amendment is administrative or ministerial
in nature; (ii) the amendment does not result in a material change to the Plan’s funding or costs (a plan change is considered material if the amendment has a cost greater than $1 million to the Plan, as determined by the Committee in its
sole discretion exercised in good faith); or (iii) the Plan amendment is dictated by statute or regulation. Any amendment, termination, or suspension of the Plan shall be effective on such date as the Board of Directors or the Committee, as
applicable, may determine. An amendment or modification of the Plan may affect Participants at the time thereof as well as future Participants, but no amendment or modification of the Plan for any reason may diminish any Participant’s Accounts
as of the effective date thereof except that an amendment may diminish a Participant’s benefit under this Plan to the extent a reasonably equivalent or more favorable benefit is made available to such Participant under another plan, policy or
program of the Company. As soon as practical, but in no event more than fifteen (15) days following Plan termination, the Participating Employers shall make irrevocable contributions to the Trust in an aggregate amount, as determined by the
Committee, which when added to the total value of the assets of the Trust at such time equals the total amount credited to all Accounts as of the date of Plan termination. In the event the Plan is terminated, no additional deferrals shall be
permitted, and Participants’ Accounts shall be distributed at the time and in the manner that they would otherwise have been distributed under the Plan in the absence of such termination. In no event shall such termination result in the
acceleration of benefit payments hereunder. 
 Section 15. Corporate Changes 
 15.1 Dissolution or Liquidation. Notwithstanding any provision herein to the contrary, upon the dissolution of the Company in a
transaction subject to taxation under Code section 331, the Participants’ Accounts shall vest as of the day preceding the date of dissolution or liquidation and shall not be subject to the forfeiture provisions of this Plan. The Company shall
cause the full amount of each Participant’s Account to be paid in cash in a lump sum to the Participant, or his Beneficiary, as soon as is practicable, but in no event later than sixty days following the date of dissolution or liquidation.

 15.2 Change in Control. Notwithstanding anything in this Plan to the contrary, in the event of a Change in Control:
(i) the Participants’ Accounts shall vest as of the day immediately preceding the date of such Change in Control and shall not be subject to the forfeiture provisions of this Plan, and (ii) the Participating Employers shall, as soon
as possible, but in any event within thirty (30) days, following such Change in Control, make irrevocable contributions to the Trust in an aggregate amount which, when added to the total value of the assets of the Trust at such time, equals the
total amount credited to all Accounts as of the date of such Change in Control. Thereafter, the Participating Employers shall make monthly contributions to the Trust in aggregate amounts sufficient to maintain the total value of Trust assets at an
amount equal to the total amount credited to all Accounts. Notwithstanding any provision of this Plan to the contrary, no action taken on or within two years following such Change in Control to amend or terminate this Plan shall be effective unless
written consent thereto is obtained from a majority of the Participants. 
  

 18 

 15.3 Funding Limitations. Notwithstanding Section 15.2 or any other provision of
the Plan or the Trust to the contrary, the Plan Administrator may authorize the Trustee to make the following payments even if they would otherwise not be permitted by the Trust, and a Participating Employer may refrain from making any contributions
or payments otherwise required or permitted to be made by the Plan or the Trust, to the extent necessary to satisfy the following requirements. 
 (a) No amount shall be set aside or reserved directly or indirectly (under the Trust or otherwise), during any restricted period (as defined in Section 409A(b)(3)(B) of the Code) for the purpose of
paying a Benefit under the Plan to any Eligible Employee who is an applicable covered employee (as defined in Section 409A(b)(3)(D) of the Code). It is understood that a restricted period will generally occur in a Plan Year if any
single-employer defined benefit plan (an “Applicable Plan”) maintained by the Company or any company that is in a controlled group that includes the Company (within the meaning of Sections 414(b) and (c) of the Code and guidance
issued by the Internal Revenue Service) is “at risk” within the meaning of Section 430(i) of the Code for the preceding Plan Year. “Applicable covered employee” generally includes any Eligible Employee who is, with respect
to the Company or any entity under common control with the Company, described in section 162(m)(3) of the Code or subject to the requirements of Section 16(a) of the Securities Exchange Act of 1934. All such persons are referred to herein as
“Covered Employees.” 
 (b) The Plan Administrator shall monitor the funded status of each Applicable Plan and will
determine whether a restricted period exists with respect to any such plan. If the Plan Administrator determines that a restricted period exists for a Plan Year, it shall determine whether any amount, including earnings, has been set aside or
reserved during that period for the purpose of paying a benefit to any Covered Employee or would be set aside but for the action of the Plan Administrator. The Plan Administrator may request the Trustee to pay such amount to the Company or to any
other person designated by the Plan Administrator or to otherwise segregate such amount from the assets of the Trust. The foregoing shall not apply, however, to the extent that the Company elects to treat the amount set aside or reserved as a
transfer of property for tax purposes and taxable to the Covered Employee accordingly. 
 (c) Subject to any guidance issued by
the Internal Revenue Service, the Plan Administrator may use any method it deems appropriate to calculate the amount set aside or reserved for any Covered Employee during a restricted period. The determination made by the Plan Administrator shall be
binding on the Trustee and each Covered Employee and any person claiming any interest in or payment from the Trust related to such Covered Employee. The Plan Administrator may also utilize any program approved by the Internal Revenue Service to
correct any amount that was improperly set aside under the Trust, and may adopt such rules and procedures as it deems necessary to comply with Section 409A(b)(3) of the Code. 
  

 19 

 (d) The Plan Administrator shall maintain a record of any amount transferred from the Trust
pursuant to paragraph (b), or that a Participating Employer does not contribute to the Trust. Such amount shall be credited with interest or earnings based on what would have been allocable to such amounts if they had been held in the Trust. Such
amount shall be paid to the Trust as soon as possible after the Plan Administrator determines that no Applicable Plan remains in a restricted period. If any payment from the Trust to a Covered Employee or the Covered Employee’s beneficiary has
been reduced or withheld as a result of the restrictions of this Section, such amount shall be paid to such employee in a lump sum as soon as possible after the amount contemplated in the foregoing sentence is paid to the Trustee. The Company may
also make such payments directly. 
 (e) The purpose of this Section is to comply with the restrictions of
Section 409A(b)(3) of the Code and shall be interpreted accordingly. This provision is intended to impose only those restrictions that are required by that Section and only on the persons covered by the Section. The Plan Administrator shall
interpret and apply this Section accordingly. 
 Section 16. Requirements of Law 
 16.1 Governing Law. The Plan is intended to satisfy the requirements of Code section 409A and the regulations issued thereunder, and
shall be construed to that end. Except as otherwise preempted by Federal law, the Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Texas. 
 Section 17. Withholding Taxes 
 17.1 Withholding Taxes. The Company shall have the right to deduct from all cash payments under the Plan or from a Participant’s compensation an amount necessary to satisfy any federal, state,
or local withholding tax requirements. 
 Section 18. Investment and Funding 
 18.1 Trust. The benefits to be derived by Participants in the Plan will be funded through the Trust, provided, however, that any
assets held by the Trust shall at all times be subject to the claims of judgment creditors of the Company. 
 18.2 Funding of
Trust. With respect to Deferrals made under the Seven Year Option, the Participating Employers shall, promptly after Deferrals are credited to Participants’ Accounts, provide the Trust with resources in amounts equal to the amounts of such
Deferrals. With respect to Deferrals made under the Retirement Option, the Participating Employers shall fund the Trust through the purchase of corporate owned life insurance or such other Trust assets as may be determined by the Committee from time
to time. 
  

 20 

 18.3 Distributions from Trust. If Trust assets allocated to any Participant’s
Account for a Plan Year are less than the amount required to affect a distribution to such Participant provided for in this Plan, the applicable Participating Employer will pay such difference either through the Trust or directly to the Participant.
If, after all obligations to Participants hereunder have been fully satisfied, there remain assets in the Trust, such excess amounts shall be returned to the Company. 
 18.4 Funding and Distribution Requirements Under Certain Circumstances. The provisions of this Section 18 shall be subject to (and, if deemed to be contradicting, overridden by) the provisions
of Section 15 of this Plan. 
 EXECUTED December 10, 2009, to be effective as of January 1, 2010. 
  

			
	Energy Future Holdings Corp.
		
	By:	 	 /s/ Paul M. Keglevic

		 	Paul M. Keglevic, Executive Vice President &
		 	Chief Financial Officer

  

 21 

 EXHIBIT “A” 
 PARTICIPATING EMPLOYERS 
 As of January 1, 2010

 EFH Corp. and each of its direct and indirect 
 subsidiary companies, but excluding 
 Oncor Electric Delivery Company LLC

 and its subsidiaries. 
  

 A-1 

 EXHIBIT “B” 
 Prior Plan Provisions 
 The following provisions shall
apply to all future Plan participation of Participants who make the one-time irrevocable election to continue to be governed by the Prior Plan Provisions in Section 9.1 of the Plan: 
 1. Deferral Election. The Participant may elect, irrevocably, by written notice to the Plan Administrator on an election form and in
the manner prescribed by the Plan Administrator, to defer a percentage of Salary, in one percent (1%) increments not to exceed a maximum of ten percent (10%), during each Plan Year, in the Retirement Option, the Seven Year Option, or a
combination thereof. Deferrals of Bonus shall not be permitted. 
 2. Matching Awards. The Company shall contribute to
each Participant’s Account, as a Matching Award, an amount equal to one hundred percent (100%) of the amount of Salary deferred by the Participant. Such contribution shall be credited at the time of the crediting of the Salary Deferral
amount to be matched. 
 3. Investments, Earnings and Valuation. 
 (a) The Trustee shall invest, as soon as administratively feasible, all contributions received for Accounts held in Trust under the Seven
Year Option of the Plan in a fixed income fund of investment grade securities under investment guidelines established by the Committee. Interest received on the investments shall be reinvested in such fund. All other contributions shall be invested
in accordance with investment guidelines established by the Committee. 
 (b) At the time of distribution, the Participant will
receive his Account balance including income determined by applying the Rate. 
 (c) The total of all assets held by the Trustee
for Accounts held in Trust will be deemed held in an unsegregated fund for valuation purposes. Each month the Trustee shall determine the value of each unit by dividing the current value of the fund by the total number of units held in all such
Accounts. The value of Accounts held in Trust under the Retirement Option of the Plan shall be determined in the same manner as amounts deferred under the Seven Year Option of the Plan. 
 4. Forfeitures. The following provisions shall apply with respect to forfeitures in lieu of the provisions of Section 5.3 of the
Plan. The amounts described below shall be forfeited from an Account as of the date upon which the forfeiture is created: 
 (a)
Seven Year Option Forfeitures. 
 (i) Early Retirement. An amount equal to four percent (4%) of the total
Account balance for each full year Retirement occurs prior to Normal Retirement shall be forfeited. 
  

 B-1 

 (ii) Termination for other than Death, Disability or Retirement. If termination of
service with the Company occurs for reasons other than death, Disability, or Retirement, income on and contributions to the Matching Account shall be forfeited and income in excess of six percent (6%) per annum credited to Salary Deferrals
shall be forfeited. 
 (b) Retirement Option Forfeitures. 
 (i) Early Retirement. An amount equal to four percent (4%) of the total Account balance for all non-vested Plan Years for each
full year Retirement occurs prior to Normal Retirement shall be forfeited. 
 (ii) Termination for other than Death,
Disability or Retirement. If termination of service with the Company occurs for reasons other than death, Disability, or Retirement, income earned on and contributions to the Matching Account, for Plan Years which are nonvested, shall be
forfeited and income in excess of six percent (6%) per annum credited to Salary Deferrals shall be forfeited for all nonvested Plan Years. 
 5. Value of a Participant’s Account. The cash value of a Participant’s Account shall be determined as of the last day of the applicable Deferral Period, or, if earlier, at termination of
employment. 
 6. Form and Timing of Distributions. The form and timing of distributions shall be subject to
Section 8 of the Plan; provided, however, that the installments shall be in a fixed amount which shall amortize the value of the Participant’s Account in annual installments over the distribution period elected by the Participant under
Section 8.2(b)(iii), using the Rate as a projected earnings rate of return. 
 7. Certain Inapplicable Provisions.
The provisions of Sections 3, 4.1, 4.3, 5.1, 5.3, 6.1, 8.1(a) and 8.2(b)(iv) of the Plan shall not apply and shall be of no force or effect with respect to any portion of the Participant’s Account or his prior or future Plan participation. All
of the remaining provisions of the Plan shall remain in full force and effect. 
  

 B-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]