Document:

EX-10.8

 Exhibit 10.8 

FINAL VERSION 

Management Committee Form 

RESTRICTED STOCK UNIT AGREEMENT 

PURSUANT TO THE 
 TCEH
CORP. 2016 OMNIBUS INCENTIVE PLAN 
 * * * * * 
  

					
	Participant:	 		 	
			
	Grant Date:	 		 	

  

					
	Number of Restricted Stock Units Granted:	 		  	

 * * * * * 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered
into by and between TCEH Corp., a corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the TCEH Corp. 2016 Omnibus Incentive Plan, as in effect and as amended from time to
time (the “Plan”), which is administered by the Committee; and 
 WHEREAS, it has been determined under the Plan
that it would be in the best interests of the Company to grant the Restricted Stock Units (“RSUs”) provided herein to the Participant. 

NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable
consideration, the parties hereto hereby mutually covenant and agree as follows: 
 1. Incorporation By Reference; Plan Document
Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to
apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not defined in
this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the
event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. 
 2. Grant
of Restricted Stock Unit Award. The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that
nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for
dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement. 

 3. Vesting. 

(a) Subject to the provisions of Sections 3(b)-(e) hereof, the RSUs subject to this Award shall become vested as follows, provided that
the Participant has not incurred a Termination prior to each such vesting date: 
  

					
	 Vesting Date
	  	Percentage of RSUs	 
	 First Anniversary of Emergence Date
	  	 	25	% 
		
	 Second Anniversary of Emergence Date
	  	 	25	% 
		
	 Third Anniversary of Emergence Date
	  	 	25	% 
		
	 Fourth Anniversary of Emergence Date
	  	 	25	% 

 For purposes of this Agreement, “Emergence Date” has the same meaning as “TCEH Effective Date” (as
defined in that certain Third Amended Joint Plan of Reorganization of Energy Future Holdings Corp., et al., Pursuant to Chapter 11 of the Bankruptcy Code). There shall be no proportionate or partial vesting in the periods prior to each
vesting date and all vesting shall occur only on the appropriate vesting date, subject to the Participant’s continued service with the Company or any of its Subsidiaries on each applicable vesting date. 

(b) Death or Disability. In the event of the Participant’s Termination by reason of death or Disability, the RSUs that would have
vested pursuant to Section 3(a) above in the first twelve (12) months following such Termination will vest as of the Termination. 

(c) Termination Without Cause; Resignation for Good Reason; Company Non-Renewal of
Term. In the event of the Participant’s Termination by the Company without Cause, by the Participant for Good Reason, or due to the Company’s non-renewal of the term of the Employment Agreement
(as defined below) (each, a “Qualifying Termination”), subject to the Participant’s satisfaction of the Release Condition (as defined in the Employment Agreement) and continued compliance with Sections 6 and 7 of the Employment
Agreement, the RSUs that would have vested pursuant to Section 3(a) above in the first twelve (12) months following such Termination will vest as of the Termination. For purposes of this Agreement, “Employment Agreement”
means that certain employment agreement, by and between the Participant and the Company, dated as of [●]. 
 (d) Change in
Control. All unvested RSUs shall become fully vested upon the occurrence of a Qualifying Termination following a Change in Control. 

(e) Committee Discretion to Accelerate Vesting. In addition to the foregoing, the Committee may, in its sole discretion, accelerate
vesting of the RSUs at any time and for any reason. 
 (f) Forfeiture. Subject to the terms of this
Section 3, all unvested RSUs shall be immediately forfeited upon the Participant’s Termination for any reason. 

  
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 4. Delivery of Shares. 

(a) General. Subject to the provisions of Section 4(b) hereof, within thirty (30) days following the vesting of the RSUs
(or, in the event of a Qualifying Termination pursuant to Section 3(c) above, within ten days of the Participant’s satisfaction of the Release Condition, if later), the Participant shall receive the number of shares of Common Stock that
correspond to the number of RSUs that have become vested on the applicable vesting date, less any shares withheld by the Company pursuant to Section 8 hereof. 

(b) Blackout Periods. If the Participant is subject to any Company “blackout” policy or other trading restriction imposed by
the Company on the date such distribution would otherwise be made pursuant to Section 4(a) hereof, such distribution shall be instead made on the earlier of (i) the date that the Participant is not subject to any such policy or
restriction and (ii) the later of (A) the end of the calendar year in which such distribution would otherwise have been made and (B) a date that is immediately prior to the expiration of two and
one-half months following the date such distribution would otherwise have been made hereunder. 
 5.
Dividends; Rights as Stockholder. Cash dividends on the number of shares of Common Stock issuable hereunder shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the
Participant, provided that such cash dividends shall not be deemed to be reinvested in shares of Common Stock and shall be held uninvested and without interest and paid in cash at the same time that the shares of Common Stock underlying the
RSUs are delivered to the Participant in accordance with the provisions hereof. Stock dividends on shares of Common Stock shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the
Participant, provided that such stock dividends shall be paid in shares of Common Stock at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Except as
otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any RSU unless and until the Participant has become the holder of record of such shares. 

6. Non-Transferability. No portion of the RSUs may be sold, assigned, transferred,
encumbered, hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the RSUs as provided herein. 

7. Governing Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by,
and construed in accordance with, the laws of the State of Delaware, without regard to the choice of law principles thereof. 
 8.
Withholding of Tax. The Participant agrees and acknowledges that the Company shall have the power and the right to deduct or withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy any federal,
state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary to be withheld or remitted to comply with the

  
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Code and/or any other applicable law, rule or regulation with respect to the RSUs, and if the withholding requirement cannot be satisfied, the Company may otherwise refuse to issue or transfer
any shares of Common Stock otherwise required to be issued pursuant to this Agreement. Without limiting the foregoing, the Company shall withhold shares of Common Stock otherwise deliverable to the Participant hereunder in order to pay the
Participant’s income and employment taxes due upon vesting of the RSUs, but only to the extent permitted by applicable accounting rules so as not to affect accounting treatment. 

9. Legend. The Company may at any time place legends referencing any applicable federal, state or foreign securities law
restrictions on all certificates, if any, representing shares of Common Stock issued pursuant to this Agreement. The Participant shall, at the request of the Company, promptly present to the Company any and all certificates, if any, representing
shares of Common Stock acquired pursuant to this Agreement in the possession of the Participant in order to carry out the provisions of this Section 9. 

10. Securities Representations. This Agreement is being entered into by the Company in reliance upon the following
express representations and warranties of the Participant. The Participant hereby acknowledges, represents and warrants that: 
 (a) The
Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule 144 under the Securities Act and in this connection the Company is relying in part on the Participant’s representations set forth in
this Section 10. 
 (b) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities
Act, the shares of Common Stock issuable hereunder must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a
“re-offer prospectus”) with regard to such shares of Common Stock and the Company is under no obligation to register such shares of Common Stock (or to file a
“re-offer prospectus”). 
 (c) If the Participant is deemed an affiliate within the
meaning of Rule 144 of the Securities Act, the Participant understands that (i) the exemption from registration under Rule 144 will not be available unless (A) a public trading market then exists for the Common Stock of the Company,
(B) adequate information concerning the Company is then available to the public, and (C) other terms and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any sale of the shares of Common Stock issuable
hereunder may be made only in limited amounts in accordance with the terms and conditions of Rule 144 or any exemption therefrom. 
 11.
Entire Agreement; Amendment. This Agreement, together with the Plan, contains the entire agreement between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior
understandings, whether written or oral, between the parties relating to such subject matter. The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the
Plan. This Agreement may also be modified or amended by a writing signed by both the Company and the Participant. The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable
after the adoption thereof. 

  
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 12. Notices. Any notice hereunder by the Participant shall be given to the Company
in writing and such notice shall be deemed duly given only upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly given only
upon receipt thereof at such address as the Participant may have on file with the Company. 
 13. No Right to Employment. Any
questions as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way the right of the Company,
its Subsidiaries or its Affiliates to terminate the Participant’s employment or service at any time, for any reason and with or without Cause. 

14. Transfer of Personal Data. The Participant authorizes, agrees and unambiguously consents to the transmission by the Company
(or any Subsidiary) of any personal data information related to the RSUs awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of the Plan). This authorization and consent is freely given by
the Participant. 
 15. Compliance with Laws. The grant of RSUs and the issuance of shares of Common Stock hereunder shall be
subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the provisions of the Securities Act, the Exchange Act and in each case
any respective rules and regulations promulgated thereunder) and any other law, rule regulation or exchange requirement applicable thereto. The Company shall not be obligated to issue the RSUs or any shares of Common Stock pursuant to this Agreement
if any such issuance would violate any such requirements. As a condition to the settlement of the RSUs, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate to evidence compliance with any
applicable law or regulation. 
 16. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be binding
upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign any part of this Agreement without the prior express written consent of the Company. 

17. Headings. The titles and headings of the various sections of this Agreement have been inserted for convenience of reference
only and shall not be deemed to be a part of this Agreement. 
 18. Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 
 19.
Further Assurances. Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as either party
hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder. 

  
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 20. Severability. The invalidity or unenforceability of any provisions of this
Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction,
it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 

21. Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any
time; (b) the award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded
hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such
salary in the event of severance, redundancy or resignation. 
 [Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	TCEH CORP.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	PARTICIPANT
	
	  

		
	Name:	 	  

  
 7EX-10.9

 Exhibit 10.9 

VISTRA ENERGY CORP. EXECUTIVE ANNUAL INCENTIVE PLAN 

Plan Document 
 Approved as of
October 3, 2016 

 Contents 

 
  

							
	 Article I.
	 	Purpose.	  	 	1	  
	 Article II.
	 	Definitions.	  	 	1	  
	 Article III.
	 	Eligibility and Participation.	  	 	3	  
	 Article IV.
	 	Establishment of Performance Goals.	  	 	3	  
	 Article V.
	 	Establishment of Awards.	  	 	3	  
	 Article VI.
	 	Application of Individual Performance Modifier and Determination of Individual Participant Awards.	  	 	3	  
	 Article VII.
	 	Payment of Awards.	  	 	4	  
	 Article VIII.
	 	Termination of Employment and Partial Awards.	  	 	4	  
	 Article IX.
	 	Administrative Provisions.	  	 	5	  

  
  

  
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 VISTRA ENERGY CORP. EXECUTIVE ANNUAL INCENTIVE PLAN 

 

	Article I.	Purpose. 

 The Vistra Energy Corp. Executive Annual Incentive Plan (the
“Plan”) is approved effective as of October 3, 2016. The Plan, as herein amended, supersedes and replaces all other Plan documents. The Plan provides for annual bonus incentive award opportunities for eligible Participants payable in
cash. This Plan, as herein amended, supersedes and replaces all other Plan documents. 
 The principal purposes of the Plan are to attract,
motivate and retain key employees; to align the interests of Participants, Participating Employers and Company shareholders by rewarding performance that satisfies established performance goals; to motivate Participant behaviors that drive
successful results at the corporate, business unit and individual levels; and to support collaboration across essential organizational interfaces. 
  

	Article II.	Definitions. 

 When used in the Plan, the following terms shall have the meanings
set forth below: 
 (a)     “Additional Persons” means such other individuals who are not Executive
Officers under the Plan, but who are senior officers and key employees identified by the O&C Committee, in consultation with the Company’s Chief Executive Officer. 

(b)    “Aggregate Incentive Pool” means the amount equal to the Target Incentive Pool multiplied by the
Weighted Funding Percentage. 
 (c)     “Award” means the amount payable to a Participant under this
Plan for any Plan Year, as determined in accordance with the terms of the Plan. 
 (e)    “Base Salary”
means the annualized base salary designated for the Participant in the applicable payroll records of the Participating Employer, prior to any deferrals, and excluding any overtime pay, bonuses, incentive compensation, expense reimbursements and
fringe benefits of any kind for the applicable Plan Year. 
 (f)    “Business Unit” means,
individually, or “Business Units” means, collectively, the “TXU Energy”, “Luminant” and “Corporate Services” business units of the Company, which are the participating Employers in this Plan. 

(g)    “Company” means Energy Future Holdings Corp., and its successors and assigns. With respect to a
particular Participant, Company means such Participant’s employer. 
 (h)    “Disability” or
“Disabled” means disability as determined under the Vistra Energy Corp. Long-Term Disability Income Plan, or any successor plan covering Participants. 

(i)    “Executive Officers” means the Company’s Chief Executive Officer and other Executive
Officers, as defined under the charter of the O&C Committee. 

  
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 (j)     “Financial Performance Criteria” means various
measures of financial performance of the Company established by the O&C Committee for the Plan Year. 

(k)    “Financial Performance Funding Percentage” means a percentage used to calculate the Aggregate
Incentive Pool established by the O&C Committee based on the performance of the Company against the Financial Performance Criteria established for the particular Plan Year. 

(l)    “Individual Performance Modifier” means individual Participant performance approved by the SPC or
O&C Committee (with respect to Executive Officers and Additional Persons) and used in determining a Participant’s Award. 

(m)    “O&C Committee” means the Organization and Compensation Committee of the Board of Directors of
the Company. 
 (n)    “Operational Metrics” means
non-financial objectives established by each Business Unit that are critical to the function and success of the business. 

(o)    “Operational Metrics Funding Percentage” means a percentage used to calculate Aggregate Incentive
Pool established by the O&C Committee based on the accomplishment of Operational Metrics for the particular Plan Year. 

(p)    “Participant” means an individual who is an officer of a Participating Employer having a title of
vice president or above and who is employed by the Company for a period of three full months during the Plan Year. 

(q)    “Participating Employer” means, the Company and each of the Business Units. Additional
Participating Employers may be added with the approval of the O&C Committee, and participation in the Plan by any such additional Participating Employers will commence as of the effective date designated by the O&C Committee. 

(r)    “Plan” means this Vistra Energy Corp. Executive Annual Incentive Plan. 

(s)    “Plan Year” means the twelve (12) month period beginning January 1 and ending December
31. 
 (t)    “Retirement” means retirement from active employment with the Company upon attaining at
least age 55 and completing at least 16 years of service with the Company and any of its subsidiaries or attainment of age 65. 

(u)    “SPC” means the group of executive officers of the Company referred to internally as the
Strategy & Policy Committee. 
 (v)    “Target Award” means an Award level of an individual
Participant, expressed as a percentage of the Participant’s Base Salary. The Target Award shall be used in calculating an individual’s actual Award for a Plan year. 

  
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 (w)    “Target Incentive Pool” means the amount equal to the
aggregate of the Target Awards for all Participants, or a selected group of Participants, as the context may require. 

(x)    “Weighted Funding Percentage” means the percentage that is the sum of the Financial Performance
Funding Percentage and the Operational Metrics Funding Percentage. 
  

	Article III.	Eligibility and Participation. 

 All individuals who, as of the first day of a
Plan Year, meet the definition of a Participant hereunder, shall be eligible to participate in this Plan for such Plan Year. Awards, if any, for individuals who become Participants during the Plan Year or whose participation in this Plan is
terminated during the Plan Year, shall be determined under, and in accordance with, Article VIII hereof.    Participation in this Plan for any Plan Year shall not entitle an individual to future participation. 

 

	Article IV.	Establishment of Performance Goals. 

 For each Plan Year, the O&C Committee
establishes (i) the Financial Performance Criteria, (ii) the Operational Metrics, and (iii) the Target Incentive Pool. Such determinations by the O&C Committee shall be made at such times and shall be based on such criteria as the
O&C Committee shall determine, respectively, in their sole discretion. The O&C Committee shall have full authority and discretion, for any particular Plan Year, to modify any of its determinations hereunder, with respect to all Participants
or any individual Participant, including determinations which affect the calculation or amount of Awards, in order to take into consideration other benefit programs and/or extraordinary events affecting the financial results of the Company or a
Business Unit. Once determined, or modified, such determinations shall be communicated to the affected Participants in such form and manner as the O&C Committee determines to be appropriate. 

 

	Article V.	Establishment of Awards. 

 After the end of the Plan Year, the O&C Committee
shall determine the Financial Performance Funding Percentage and the Operational Metrics Funding Percentage for each Plan Year. The O&C Committee shall further determine the Weighted Funding Percentage and the resulting Aggregate Incentive Pool
for the Plan Year. 
  

	Article VI.	Application of Individual Performance Modifier and Determination of Individual Participant Awards. 

  

	A.	Individual Participant Awards. 

 The SPC shall determine each Participant’s Award,
other than for Executive Officers and Additional Persons, for a Plan Year by: (i) multiplying the Participant’s Target Award by the Weighted Funding Percentage; and (ii) multiplying such amount by the applicable Individual Performance
Modifier determined in accordance with Article VI.B. below. 

  
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	B.	Application of Individual Performance Modifier. 

 As described in Article VI.A. above,
the amount determined by applying the formula set forth in Article VI.A. shall be adjusted by applying the Individual Performance Modifier for each Participant. The SPC, in its sole discretion, shall determine a Participant’s Individual
Performance Modifier, other than for Executive Officers and Additional Persons, based on the Participant’s performance, which may range from 0% to 150%. 

In no event may the aggregate of all Awards determined to be payable to all Participants exceed the amount accrued for the Aggregate Incentive
Pool. 
  

	C.	Determination of Awards for Executive Officers and Additional Persons. 

 The O&C
Committee shall determine the individual Participant Awards in accordance with Article VI.A. above, and the Individual Performance Modifier in accordance with Article VI.B. above, with respect to Executive Officers and Additional Persons who are
Participants in the Plan. 
  

	Article VII.	Payment of Awards. 

 All Awards will be paid in cash to Participants by
March 15 of the year following the applicable Plan Year, subject to applicable tax withholding requirements. 
  

	Article VIII.	Termination of Employment and Partial Awards. 

 Participation in the Plan shall
cease immediately upon a Participant’s resignation or termination of employment for any reason (with or without cause), or upon the Participant’s death, Disability or Retirement. In such event, the Participant may be eligible for a partial
award for such Plan Year in accordance with and subject to the provisions of this Article VIII. 
  

	A.	Resignation or Termination. 

 If a Participant resigns or his/her employment with a
Participating Employer is terminated (with or without cause) prior to the submission of the Award to payroll for payment for reasons other than death, Disability, Retirement, or transfer to an affiliate of the Company, such Participant shall forfeit
any right to receive such Award. 
  

	B.	Death, Disability or Retirement. 

 If a Participant dies, becomes Disabled or Retires
during a Plan Year after having attained at least three (3) full months of participation in the Plan during such Plan Year, the Participant, or the Participant’s beneficiary in the case of the Participant’s death, may, in the sole
discretion of the SPC or O&C Committee (with respect to Executive Officers and Additional Persons), be entitled to receive a partial Award, prorated for the number of days that the individual was a Participant hereunder during the Plan Year. For
the Plan Year 2014 any award payable due to death, disability or retirement will be paid at the time and in the form that all other Awards are paid for such Plan Year. Beginning with Plan Year 2015any such Award shall be paid at Target and at the
time of the employee’s separation from the Company. The decisions 

  
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of the SPC and O&C Committee with respect to such Awards shall be final and binding on all parties. For purposes of this provision, a Participant’s beneficiary shall be his/her surviving
spouse or, if he/she has no surviving spouse, his/her estate. 
  

	C.	Transfers. 

 If a Participant (i) transfers from a Participating Employer to an
affiliate of the Company after having attained at least three (3) full months of participation in the Plan during the Plan Year, and (ii) continues to be employed by an affiliate of the Company through the remainder of the Plan Year, such
individual may, in the sole discretion of the SPC or O&C Committee (with respect to Executive Officers and Additional Persons), be entitled to receive a partial Award hereunder, prorated on the basis of the number of days such individual was
employed by the Participating Employer during the Plan Year.  . Any such Award shall be paid at the time and in the form that all other Awards are paid for such Plan Year. The decisions of the SPC and O&C Committee with respect to such
Awards shall be final and binding on all parties. 
  

	D.	Participant Status Attained During Plan Year. 

 If an individual becomes a Participant
during a Plan Year, the Participant, may, in the sole and absolute discretion of the SPC or O&C Committee (with respect to Executive Officers and Additional Persons), be eligible to receive a partial Award hereunder, prorated on the basis of the
number of days such individual was a Participant during the Plan Year, provided that the Participant attained at least three (3) full months of participation in the Plan during the Plan Year. Any such Award shall be paid at the time and in the
form that all other Awards are paid for such Plan Year. The decisions of the SPC and O&C with respect to such Awards shall be final and binding on all parties. 

Article IX.    Administrative Provisions. 
  

	A.	Administration. 

 The Plan shall be administered and interpreted by the Participating
Employers through the individuals who have been provided authority hereunder to carry out the administration of this Plan. The O&C Committee and its members, the SPC and its members, and any other individual to whom the O&C and/or SPC has
delegated their responsibilities regarding the administration of this Plan, shall have full authority, discretion and power necessary or desirable to administer and interpret this Plan. Without in any way limiting the foregoing, all such individuals
shall have complete authority, discretion and power to: (i) determine the Participants for each Plan Year; (ii) determine the Individual Performance Modifier applicable to each Participant; (iii) evaluate and determine the performance
of Participants; (iv) determine the amount of the Award for each Participant; (v) interpret the provisions of this Plan and any other documentation used in connection with this Plan, including documentation specifying individual
Performance Goals, Award opportunities and the like; (vi) establish and interpret rules and procedures (written or by practice) for the administration of the Plan; and (vii) make all other determinations and take all other actions
necessary or desirable for the administration or interpretation of this Plan. All actions, decisions and interpretations of such individuals shall be final, conclusive and binding on all parties. 

  
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	B.	No Right to Continued Employment. 

 Nothing in this Plan shall be deemed by implication,
action or otherwise to constitute a contract of employment, or otherwise to provide a Participant with any right of continued employment or impose any limitation on any right of a Participating Employer to terminate a Participant’s employment
at any time. 
  

	C.	No Assignment. 

 A Participant or Participant’s beneficiary shall have no right to
anticipate, alienate, sell, transfer, assign, pledge or encumber any right to receive any incentive made under the Plan, nor will any Participant or Participant’s beneficiary have any lien on any assets of any Participating Employer, or any
affiliate thereof, by reason of any Award made under the Plan. 
  

	D.	Withholding. 

 The Participating Employers shall have the right to deduct or withhold, or
require a Participant to remit to the applicable Participating Employer, any taxes required by law to be withheld from Awards made under this Plan. 
  

	E.	Amendment of Plan. 

 The Plan may be amended, suspended or terminated at any time and
from time to time, by action of the O&C Committee. In order to be effective, any amendment of this Plan or any Award must be in writing. No oral statement, representation or the like shall have the effect of amending or modifying this Plan or
any Award, or otherwise have any binding effect on the Company, the O&C Committee, the SPC, or any individual who has been delegated authority by the O&C Committee or the SPC to administer this Plan. 

 

	F.	No Obligation to Continue Plan. 

 The adoption of the Plan does not imply any commitment
to continue to maintain the Plan, or any modified version of the Plan, or any other plan for incentive compensation for any succeeding year. 
  

	G.	Governing Law. 

 The Plan shall be construed in accordance with, and governed by, the
laws of the State of Texas. Any disputes arising under this Plan and any action to enforce any provisions hereof, shall be maintained exclusively in the appropriate courts of Dallas County, Texas. 

 

	H.	Severability. 

 In case any provision of the Plan shall be held illegal or void, such
illegality or invalidity shall not affect the remaining provisions of this Plan, but shall be fully severable, and the Plan shall be construed and enforced as if said illegal or invalid provisions had never been inserted herein. 

  
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	I.	Limitation of Liability. 

 Except for their own gross negligence or willful misconduct
regarding the performance of the duties specifically assigned to them under, or their willful breach of the terms of this Plan, the Participating Employer, the O&C Committee and its members, the SPC and its members, and any other entity or
individual administering any aspect of this Plan shall be held harmless by the Participants and their respective representatives, heirs, successors, and assigns, against liability or losses occurring by reason of any act or omission under the Plan.

  

	J.	Section 409A Compliance 

 To the extent applicable, the Plan is intended to comply with,
or be exempt from, section 409A of the Internal Revenue Code of 1986 as amended (the “Code”), and shall be administered, construed, and interpreted in accordance with such intent. Payments under this Plan shall be made in a manner that
will comply with, or be exempt from, section 409A of the Code, including regulations or other guidance issued with respect thereto, except as otherwise determined by the Company. The applicable provisions of section 409A of the Code are hereby
incorporated by reference and shall control over any contrary provisions herein that conflict therewith. 

  
 7

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