Document:

ex10_3.htm

Exhibit 10.3

 

ALPHA NATURAL RESOURCES, INC. AND SUBSIDIARIES

DEFERRED COMPENSATION PLAN

DISTRIBUTION ELECTION FORM

RETIREMENT AND SRP ACCOUNT BALANCES

 

Your Retirement and SRP Account Balances under the Alpha Natural Resources, Inc. and Subsidiaries Deferred Compensation Plan (the "Plan") shall become distributable upon your Separation from Service and shall be paid (or begin to be paid) on the six (6) month anniversary of your Separation from Service.

 

If your Separation from Service occurs before you attain age fifty-five (55), your Retirement and SRP Account Balances under the Plan shall be distributed in the form of a single lump sum payment on the six (6) month anniversary of your Separation from Service.

 

If your Separation from Service occurs on or after you attain age fifty-five (55), your Retirement Account Balance under the Plan shall be paid to you in the form you irrevocably designate below:

 

	
  

	
___

	
Single lump sum payment; or

 

	
  

	
___

	
Substantially equal annual installments over a period of up to ten (10) years, as irrevocably designated below:

 

	
  

	
____

	
Number of annual installments (up to ten (10) years)

 

If your Separation from Service occurs on or after you attain age fifty -five (55), your SRP Account Balance under the Plan shall be paid to you in the form you irrevocably designate below:

 

	
  

	
___

	
Single lump sum payment; or

 

	
  

	
___

	
Substantially equal annual installments over a period of up to fifteen (15) years, as irrevocably designated below:.

 

	
  

	
____

	
Number of annual installments (up to fifteen (15) years)

 

Please note that if you do not elect a form of distribution with respect to your Separation from Service on or after attaining age fifty-five (55) when you are first eligible to participate in the Plan, you shall be deemed to have elected to receive your Retirement Account and SRP Account Balances in all events in the form of a single lump sum payment on the six (6) month anniversary of your Separation from Service.

 

  

  

  

In addition, any amounts in your In-Service Account(s) under the Plan shall be distributed in accordance with your time and form of distribution election made at the time any amounts are first allocated by you to an In-Service Account under the Plan.  Moreover, any amounts in your Legacy FC Account or Legacy RCP Account shall be distributed in accordance with your prior distribution elections under the Foundation Coal Deferred Compensation Plan or Riverton Coal Executive Deferred Compensation Plan, as applicable.

 

If you die before your Retirement and SRP Accounts have begun to be distributed, your Retirement and SRP Accounts shall be distributed to your designated beneficiary in the form of a single lump sum payment within sixty (60) days following your death.  If you die after your Retirement and SRP Accounts have begun to be distributed, any remaining amounts in your Retirement and SRP Accounts shall be distributed to your designated beneficiary at the same time and in the same manner as if you had survived.

 

This election shall be subject to the Plan and any amendments thereto.  All of the terms and conditions of the Plan are incorporated herein.

 

WITNESS my signature this ____ day of ________, 20__.

 

	  	  	  
	  	  	
Participant

	
Receipt acknowledged:

	  	  
	  	  	  
	
Management Administrator of the

	  	  
	
Alpha Natural Resources, Inc. and Subsidiaries

	  	  
	
Deferred Compensation Plan

	  	  
	  	  	  

Datedex10_4.htm

Exhibit 10.4

ALPHA NATURAL RESOURCES, INC. AND SUBSIDIARIES

DEFERRED COMPENSATION PLAN

DISTRIBUTION ELECTION FORM

IN-SERVICE ACCOUNT BALANCES

A Participant can maintain up to two In-Service Accounts (In-Service Account 1 and In-Service Account 2) at any time under the Alpha Natural Resources, Inc. and Subsidiaries Deferred Compensation Plan (the "Plan").  At the time a Participant first allocates amounts to In-Service Account 1 and/or In-Service Account 2, the Participant must designate the time and form of payment of the applicable In-Service Account.

A Participant must complete a separate Distribution Election Form for each In-Service Account established by the Participant.  This Distribution Election Form is with respect to the following In-Service Account (designate one):

	
  

	
___

	
In-Service Account 1

	
  

	
___

	
In-Service Account 2

Timing of Payment of In-Service Account

If a Participant designates a portion of his or her deferrals under the Plan to an In-Service Account, the Participant must designate the date on which the amounts in the In-Service Account will be paid, provided that the designated date cannot be any earlier than the first day of the sixth (6th) calendar year following the initial filing of this form.  The Participant hereby designates the following date for the distribution of his or her In-Service Account:

_______________ (a date which cannot be earlier than the first day of the sixth (6th) calendar year following the initial filing of this form).

Please note that if the Participant Separates from Service prior to the payment date specified above, the Participant's In-Service Account shall be paid to the Participant on the six (6) month anniversary of the Participant's Separation from Service in the form of a single lump sum payment.

Form of Payment of In-Service Account

If a Participant designates a portion of his or her deferrals under the Plan to an In-Service Account, the Participant must elect the form in which the amounts in the In-Service Account will be paid.  The Participant hereby elects the following form of distribution:

 

	
  

	
___

	
Single lump sum payment; or

 

	
  

	
___

	
Substantially equal annual installments over a period of up to five (5) years, as designated below:

 

	
  

	
____

	
Number of annual installments (up to five (5) years)

 

  

  

  

Please note that if the Participant Separates from Service prior to the payment date specified above, the Participant's In-Service Account shall be paid to the Participant on the six (6) month anniversary of the Participant's Separation from Service in the form of a single lump sum payment.

In addition, if a Participant does not elect a time and form of distribution with respect to your Separation from Service on or after attaining age fifty-five (55) when you are first eligible to participate in the Plan, the Participant shall be deemed to have elected to receive the Participant's In-Service Account Balance in the form of a single lump sum payment on the first day of the sixth (6th) calendar year following the initial filing of this form.

Postponing Payment of In-Service Account

A Participant may elect to postpone, but not accelerate, the specified payment date initially designated by filing a new election form, provided all of the following conditions are satisfied:

(1) the new payment date cannot take effect until twelve (12) months after the date the new election form is filed with the Management Administrator;

(2) the new payment date must be at least five (5) years after the original payment date; and

(3) the new election must be made at least twelve (12) months before the date the payment was originally scheduled to be made (or begin).

If this form is being filed to elect a new payment date in accordance with the requirements specified above, the Participant should check the line below, indicate whether this form is being filed with respect to In-Service Account 1 or In-Service Account 2 at the top of the form and complete the "Timing of Payment of In-Service Account" section above.

	
  

	
___

	
This form is being filed to elect a new payment date in accordance with the requirements specified above

If you die before your In-Service Accounts have begun to be distributed, your In-Service Accounts shall be distributed to your designated beneficiary in the form of a single lump sum payment within sixty (60) days following your death.  If you die after your In-Service Accounts have begun to be distributed, any remaining amounts in your In-Service Accounts shall be distributed to your designated beneficiary at the same time and in the same manner as if you had survived.

This election shall be subject to the Plan and any amendments thereto.  All of the terms and conditions of the Plan are incorporated herein.

 

WITNESS my signature this ____ day of ________, 20__.

 

  

  

  

	  	  	  
	  	  	
Participant

	
Receipt acknowledged:

	  	  
	  	  	  
	
Management Administrator of the

	  	  
	
Alpha Natural Resources, Inc. and Subsidiaries

	  	  
	
Deferred Compensation Plan

	  	  
	  	  	  
	
Datedex10_5.htm

Exhibit 10.5

 

ALPHA NATURAL RESOURCES, INC. AND SUBSIDIARIES

DEFERRED COMPENSATION PLAN

 

OTHER COMPENSATION DEFERRAL AGREEMENT FORM

 

I, _________________________________ (the “Participant”) and ______________________ (the "Company”) hereby agree as follows:

The Participant hereby irrevocably elects, and the Company agrees, to reduce his or her compensation other than Base Salary and Annual Bonus ("Other Compensation") for calendar year ______ by _____% (1% to 35% in whole percentages only), provided this properly executed Other Compensation Deferral Agreement Form is returned to the Management Administrator no later than the December 31st immediately preceding such calendar year.  **  For purposes of this election, the term "compensation" means compensation as defined for purposes of the Alpha Natural Resources, LLC and Affiliates 401(k) Retirement Savings Plan (but including deferrals under this Plan and without regard to the qualified plan compensation limit (i.e., $245,000 for 2010; and as may be adjusted for inflation in future years)).

 

This deferral election shall irrevocably apply to the Participant's Other Compensation in subsequent calendar years unless the Participant properly completes a new Other Compensation Deferral Agreement Form prior to the beginning of any such calendar year.

 

**   If this is the calendar year during which the Participant is first eligible to participate in any account balance plan maintained by the Company or any Controlled Group Member, the deferral election shall apply for each month in such calendar year beginning after the date this properly executed Deferral Agreement Form is returned to the Management Administrator, provided it is returned no later than thirty (30) days following the date the Participant is first notified of his or her eligibility to participate in the Plan.

 

Other Compensation Deferrals under this agreement shall be credited to the Participant's Retirement Account, In-Service Account 1 and/or In-Service Account 2,as designated by the Participant below.  The Participant hereby irrevocably designates his or her Other Compensation Deferrals to be allocated as follows (which must total one hundred percent (100%)):

___% to the Retirement Account (0% to 100% in whole percentages only)

___% to In-Service Account 1 (0% to 100% in whole percentages only)

  

  

  

___% to In-Service Account 2 (0% to 100% in whole percentages only)

If a Participant first allocates some or all of the Participant's Other Compensation Deferrals to In-Service Account 1 and/or In-Service Account 2, the Participant must complete a Distribution Election Form for In-Service Distribution Account Balances.

Please note that, to the extent a Participant does not designate Other Compensation Deferrals among the Retirement Account and In-Service Account, the Participant shall be deemed to have elected to designate the Other Compensation Deferrals to the Retirement Account.

This allocation shall irrevocably apply to the Participant's Other Compensation Deferrals in subsequent calendar years unless the Participant properly completes a new Other Compensation Deferral Agreement Form prior to the beginning of any such calendar year; provided that a Participant's allocation to In-Service Account 1 and/or In-Service Account 2, as applicable, shall no longer apply as of the end of the calendar year preceding the first calendar year in which the Participant elects to have the amounts credited to In-Service Account 1 and/or In-Service Account 2, as applicable, begin to be distributed.  Thereafter, any amounts allocated to In-Service Account 1 and/or In-Service Account 2, as applicable, shall be deemed to have been re-allocated to the Retirement Account unless a Participant properly completes a new Base Salary Deferral Agreement Form.

This Form shall be subject to the terms and provisions of the Alpha Natural Resources, Inc. and Subsidiaries Deferred Compensation Plan, as it may be amended from time to time (the “Plan”).  The Plan is hereby incorporated by reference.  The Participant understands that as to amounts due him or her under the Plan pursuant to this election, he or she is a general unsecured creditor of the Company and that the Plan constitutes a mere promise by the Company to make benefit payments in the future.

The Plan shall supersede all prior employment agreements, letters of understanding, contracts and oral representations made by or entered into between the Company and Participant with respect to the subject matter covered by the Plan.

 

WITNESS my signature this ____ day of ________, 20___.

 

	  	 	  
	  	 	
Participant

	
Receipt acknowledged:

	 	  
	  	 	  
	  	 	  
	
Management Administrator of the

	 	  
	
Alpha Natural Resources, Inc. and Subsidiaries

	 	  
	
Deferred Compensation Plan

	 	  
	  	 	  
	  	 	  

Dated

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