Document:

Exhibit

Exhibit 10.4

AMENDMENT TO FIRSTENERGY SOLUTIONS CORP.
2016 KEY EMPLOYEE RETENTION PLAN

This Amendment to the FirstEnergy Solutions Corp. 2016 Key Employee Retention Plan is adopted and effective as of March 23, 2017.

WHEREAS, FirstEnergy Solutions Corp. (the “Company”) adopted the 2016 Key Employee Retention Plan (the “Plan”), effective as of December 1, 2016, which provides eligible participants with a “KERP Payment” if they remain employed with the Company until November 30, 2018 subject to certain terms and conditions set forth in the Plan;

WHEREAS, the Company and other affiliates of FirstEnergy Corp. anticipate that certain participants in the Plan and participants in similar key employee retention plans maintained by affiliates of the Company (each, an “Affiliate Plan”) may transfer, in the same or similar position, from the Company to an affiliate or from an affiliate to the Company;

WHEREAS, the Company has determined that if a participant in the Plan transfers to an affiliate, in the same or similar position, then such participant will become a participant in the Affiliate Plan maintained by such affiliate and, likewise, if a participant in an Affiliate Plan transfers to the Company, such participant will become a participant in the Plan. 

NOW, THEREFORE, the Plan is hereby amended as follows:

		
	1.
	Section 5 of the Plan is amended by adding the following sentence to the end thereof:

“Notwithstanding the foregoing, effective as of April 4, 2016, Schedule A is revised by Revised Schedule A, attached hereto, which removes certain Participants who have transferred to an affiliate of the Company and adds new Participants who have transferred from an affiliate of the Company to the Company and their respective KERP Payment amounts.  The Committee may, in its sole discretion, continue to amend or modify Revised Schedule A from time to time as Participants transfer to or from the Company.  The Company will assume the obligation to make any KERP Payment earned by a Participant under an Affiliate Plan who is added to Revised Schedule A as the result of his or her transfer from an affiliate of the Company to the Company.”

		
	2.
	Section 8 of the Plan is hereby amended by adding a new subsection (k) after subsection (j) as follows:

“Notwithstanding any provision herein to the contrary, to the extent the Company is unable to perform or satisfy its obligations under the Plan with respect to a Participant who was covered by the FirstEnergy Service Company Affiliate Plan and transferred from FirstEnergy Service Company to the Company (each, a “Transferred Participant”), FirstEnergy Service Company, a member of the 

    

Company Group, shall be responsible for paying any KERP Payment that has been earned by such Transferred Participant at the time such KERP Payment becomes due and payable.”

		
	3.
	Except with respect to the changes made by this Amendment, the other provisions of the Plan remain in full force and effect.

		
	4.
	Any capitalized terms used in this Amendment that are not defined herein shall have the same meaning ascribed to such terms in the Plan.

IN WITNESS WHEREOF, a duly authorized officer of the Company hereby adopts this Amendment to the 2016 Key Employee Retention Plan effective as of the date first indicated above.

FIRSTENERGY SOLUTIONS CORP.

_/s/ Donald R. Schneider ___________
BY:    Donald R. Schneider        
TITLE: President, First Energy Solutions 
Corp.                
    

FIRSTENERGY SERVICE COMPANY

_/s/ Charles E. Jones ______________
BY:    Charles E. Jones        
TITLE: President and Chief Executive 
Officer, First Energy Corp.Exhibit

Exhibit 10.5

SECOND AMENDMENT TO FIRSTENERGY SOLUTIONS CORP.
2016 KEY EMPLOYEE RETENTION PLAN

This Amendment to the FirstEnergy Solutions Corp. 2016 Key Employee Retention Plan is adopted and effective as of December 1, 2017.
WHEREAS, FirstEnergy Solutions Corp. (the “Company”) adopted the 2016 Key Employee Retention Plan (the “Plan”), effective as of December 1, 2016, which provides eligible participants with a “KERP Payment” if they remain employed with the Company until November 30, 2018 subject to certain terms and conditions set forth in the Plan; and
WHEREAS, Company amended the Plan effective March 31, 2017; and
WHEREAS, Company wishes to again amend the Plan effective December 1, 2017 so that the KERP Payment for any KERP agreement (“KERP”) issued on or after December 1, 2017 shall be determined by multiplying the percentage set forth on Schedule A by the Participant’s salary as of when the KERP is issued, and will be prorated;
NOW, THEREFORE, the Plan is hereby amended as follows:
		
	1.
	Section 4 (e) of the Plan is amended by deleting its current language and replacing it with the following:

		
	e.
	“KERP Payment” shall mean, in the case of any Participant, the amount set forth on Schedule A. Said amount will be determined by multiplying the percentage set forth on Schedule A by the Participant’s salary as of December 1, 2016. The amount for any KERP issued on or after December 1, 2017 for a newly Eligible Participant shall be determined by multiplying the percentage set forth on Schedule A by the Participant’s salary at the time the KERP is issued, but will be prorated by a percentage where the numerator is the number of months in which the Eligible Participant worked the majority of the month, from the date that the KERP was issued, through and including November, 2018, and the denominator is twenty-four (24). The amount for any KERP issued on or after December 1, 2017 for someone who is already an Eligible Participant, but is issued a new KERP due to a change in position such that the Company determines the amount should be modified, shall equal a prorated amount of their prior KERP and a prorated amount of the newly issued KERP, which will be calculated by multiplying the amount of their salary for their new position, by the percentage set forth on Schedule A.      

		
	2.
	Schedule A of the Plan shall be amended by deleting the Plan’s current Schedule A and replacing it with the Schedule A attached hereto. Any additional Eligible Participants or increase in KERP amounts to an Eligible Participant shall be paid from the discretionary fund established in Section 8 (d) of the Plan.

                            FIRSTENERGY SOLUTIONS CORP.

_ /s/ Donald R. Schneider _
BY:  Donald R. Schneider
TITLE: President and Chairman of the Board

FIRSTENERGY SERVICE COMPANY

__/s/ Charles E. Jones _
BY:    Charles E. Jones
TITLE:    President and Chief Executive Officer, FirstEnergy Corp.Exhibit

Exhibit 10.6

[Form of FirstEnergy Solutions Corp. Retention Agreement]
FirstEnergy Solutions Corp. RETENTION AGREEMENT

THIS AGREEMENT, made effective this ___ day of ____, _______ is by and between FirstEnergy Solutions Corp. (“Company”) and _________ “Employee”).

WHEREAS, the Company desires to provide an incentive to retain you because of your    critical skill set;

WHEREAS, Employee desires to remain in the employ of the Company in anticipation and consideration of the benefits offered herein;

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, as well as other good and valuable consideration, and agreeing to be legally bound hereby, the parties agree that Employee shall be a Participant in FirstEnergy Solutions Corp. 2016 Key Employee Retention Plan (the “Plan” or “KERP”), a copy of which the Employee acknowledges receipt of, and shall be entitled to benefits thereunder as follows:

1.     Subject to the terms and conditions specified in the Plan, the Company agrees to pay Employee a retention bonus which shall be calculated by multiplying Employee’s base salary on December 1, 2016 by ___%, and shall be rounded up to the nearest $100.  Your retention bonus is $_______.  If the Plan is terminated prior to November 30, 2018 (“Early Termination Date”), then the full retention bonus shall be paid to Employee. The retention bonus amount will be reduced by applicable taxes and paid to Employee as soon as practicable, but no later than 75 days after the date the Employee earns the right to such payment. In return and in consideration of payment of the retention bonus, Employee must remain in the employ of the Company in the employee’s current, similar or higher level position until at least through the earlier of the Early Termination Date or November 30, 2018. 
    
2.    If Employee is: (i) involuntarily terminated by the Company for cause, or (ii) voluntarily terminates prior to November 30, 2018 or the Early Termination Date, such Employee’s retention bonus shall be forfeited.  For any other terminations (i.e., death, disability, involuntary termination by the Company without cause such as a termination due to the completion of a wind down process or a sale), Employee will be paid his or her full retention bonus no later than the 15th day of the second month in the year following the date of the Employee’s termination.
   
3.    If, at any time prior to the earlier of November 30, 2018 or the Early Termination Date, Company transfers Employee to a different position within the Company or with an affiliate of FirstEnergy Corp., then the retention bonus shall be paid as set forth in Paragraph 1 as if earned on November 30, 2018.  If Employee transfers to another position without Company permission, his or her retention bonus will be forfeited. 
   
4.    This Agreement does not constitute a promise or guarantee of employment, and may not be so interpreted.  The Company retains the right to discharge Employee in accordance with Human Resources Letter 201, or for cause as defined in the Plan. Furthermore, Employee acknowledges that he or she is subject to all of Company’s policies and procedures; and further agrees to utilize his or her best efforts and maintain an acceptable level of performance, the determination of such shall be within the sole discretion of the Company.

5.    General Provisions.    This Agreement may not be assigned by Employee without the prior written consent of the Company.  This Agreement shall be governed under the laws of the State of Ohio and the parties submit to the jurisdiction thereof, and any action brought thereon shall be brought in the Common Pleas Court of Summit County, Ohio or in Federal District Court in the Northern District of Ohio. If a court were to determine this or any other provision of this agreement to be unenforceable, then the remaining terms shall remain in full force and effect.   This Agreement and the terms of the KERP (which shall supersede any conflicting terms in this Agreement) contains the entire agreement of the parties and may not be amended except by a writing signed by both parties.  Additionally, the terms of this Agreement are strictly confidential.  A breech of this confidentiality by Employee forfeits payment of the amount outlined in Paragraph 1.

6.    General Release.  In consideration for the retention bonus outlined in Paragraph 1, prior to receipt of retention bonus, Employee agrees to execute for himself/herself, his or her heirs, executors, administrators, agents, assigns, a release to fully discharge Company or FirstEnergy Corp. from any and all claims.  The release shall be in a form as determined by the Company. Failure to execute such a release will result in the forfeiture of his or her retention bonus.

WHEREFORE, the parties have executed this Agreement effective on the date first set forth above.

	
					
	 
	 
	 
	 
	 

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