Document:

Unassociated Document

    
      

      

    

     

    EXHIBIT
10.1

    2009-2011
Performance Share Award Agreement Template

    

    This Performance
Share Award Agreement (the "Award Agreement") with the Participant is effective
as of the 1st day of January 2009 (“Grant Date”), and is not in lieu of salary
or any other compensation for services.  The Performance Period for
this Award is January 1, 2009 through December 31, 2011.  For the
purposes of this Award Agreement, the term "Company" means FirstEnergy Corp.,
its successors and/or its Subsidiaries, singularly or collectively.

    

    SECTION
ONE - AWARD

    

    As of the Grant
Date, in accordance with the FirstEnergy Corp. 2007 Incentive Plan (the “Plan”)
and the terms and conditions of this Award Agreement, the Company grants to the
Participant an award of Performance Shares.  The Performance Shares
will be placed into a Performance Share account until paid out or
forfeited.

    

    Until the
Performance Period ends pursuant to the terms and conditions described in this
Award Agreement, the Performance Share account of the Participant will be
credited with an amount per each Performance Share (the “Dividend Equivalent”)
equal to the amount per share of any cash dividends declared by the Board with a
record date on or after the Grant Date on the outstanding common stock of the
Company.  Such Dividend Equivalents will be credited in the form of an
additional number of Performance Shares (which Performance Shares, from the time
of crediting, will be deemed to be in addition to and part of the base number of
Performance Shares awarded by this Award Agreement for all purposes
hereunder).  The additional number of Performance Shares will be equal
to the aggregate amount of Dividend Equivalents credited on this Award on the
respective dividend payment date divided by the average of the high and low
prices per share of common stock on the respective dividend payment
date.  The Performance Shares attributable to the Dividend Equivalents
will be either paid out or forfeited, as appropriate, under the same terms and
conditions under this Award Agreement that apply to the other Performance
Shares.

    

    The value of the
Participant’s account at the end of the three-year Performance Period will be
based on the average of the high and low prices of common stock for the month of
December 2011 and may be adjusted upward or downward based upon the total
shareholder return (“TSR”) of common stock relative to an energy services
company index during the same three-year period.  If the TSR rating is
at or above the 90th percentile, the payout will be 200% of the account value.
If the TSR is at the 50th percentile, the payout will be 100% of the account
value. If the TSR is at the 40th percentile, the payout will be 50% of the
account value.  Payouts for a ranking above the 40th percentile and
below the 90th percentile will be interpolated.  For a TSR ranking
below the 40th percentile, no payout will be made.

    

    The payout under
this Award will be made between February 15 and March 15, 2012 if the payout is
on account of the completion of the Performance Period and satisfaction of the
TSR ranking, as specified above, or, if earlier, on the payment date as
specified in Section Two below (all payment dates are referred to as “Payment
Date”). The payout will be made in cash; however, the Participant may elect to
defer receipt of any payout under the provisions of the FirstEnergy Corp.
Executive Deferred Compensation Plan.  The election to defer shall be
made in a manner as required under administrative rules established by the
Company and shall be made in a manner that complies with Section 409A of the
Internal Revenue Code (“Section 409A”).

    

    
      
        
          
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    SECTION
TWO - GENERAL TERMS

    

    Forfeiture

    

    The
Participant shall forfeit all or a portion of the Award and any rights hereunder
to receive the Award upon the occurrence of any of the following events before
the expiration of the Performance Period:

    

    
      
        	
                Event of Participant

              	
                Effect on Award

              	
                Further Information

              	
                Payment Form

                and Time

              
	 
    	 
    	 
    	 
    
	
                Termination
      due to retirement (including early retirement)

              	
                Account
      balance prorated based on full months of service during Performance
      Period.

              	
                As provided
      under 9.5 of the Plan.

              	
                Single lump
      sum between February 15 and March 15, 2012.

                 

              
	
                Termination
      due to Disability

              	
                Account
      balance prorated based on full months of service during Performance
      Period.

              	
                As provided
      under 9.5 of the Plan.

              	
                Single lump
      sum between February 15 and March 15, 2012.

                 

              
	
                Death

              	
                Account
      balance prorated based on full months of service during Performance
      Period.

              	
                Payout made to
      beneficiary as provided under Article 15 of the Plan or by will or by the
      laws of descent and distribution.

              	
                Single lump
      sum as soon as practicable after the Participant’s death but by the
      earlier of March 15 following the calendar year of death or the end of the
      90 day period commencing on  the date of death.

                 

              
	
                Termination
      for Cause

              	
                Award
      immediately forfeited.

              	
                Termination
      for Cause as provided under 2.7 of the Plan.

                 

              	
                N/A

              
	
                Termination in which the
      Participant qualifies for and receives benefits under
      the  FirstEnergy Severance Plan, if offered

              	
                Account
      balance prorated based on full months of service during Performance
      Period.

              	
                Refer to the
      FirstEnergy Severance Plan.

              	
                Single lump
      sum between February 15 and March 15,
2012.

              

         

         

         

         

        
          
            
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                   Event
      of Participant

                	
                   Effect
      on Award

                	
                   Further
      Information

                	
                  Payment
      Form

                  and
      Time

                
	
                  Other
      Termination (including resignation)

                   

                	
                   Award
      immediately forfeited.

                	 
    	
                  N/A

                
	
                  Transfer out
      of an executive eligible position and employed by the Company on
      December 31, 2011

                	
                  Account
      balance prorated based on full months in an executive eligible position
      during Performance Period.

                	
                  If the
      Participant terminates prior to December 31, 2011, the Participant may
      still be entitled to a prorated account balance as described
      above.

                	
                  Single lump
      sum between February 15 and March 15,
2012.

                

        

      

    

    

    

    Prorated awards will
be calculated using the average high and low prices of common stock for the
month of December 2011 or, in the case of death, a thirty day period ending
immediately before the date of death and the most recent quarterly TSR
factor.

    

    In the event of a
Change in Control, this Award will be fully vested and will be paid in a single
lump sum as soon as practicable but by the earlier of March 15 following the
year in which the Change in Control occurs or the end of the 90-day period
commencing on the date of the consummation of the Change in Control but subject
to such other terms as determined by the Committee.  For purposes of
this Award, the term “Change in Control” means a change in control that
satisfies both a Change in Control as defined in the Plan and a “change in
control event” as defined in Treasury Regulation Section
1.409A-3(i)(5).

    

     

    Withholding
Tax

     

    The Company shall
have the right to deduct, withhold or require the Participant to surrender a
cash amount sufficient to satisfy all federal, state and local taxes required by
law to be withheld in connection with the payment of benefits under this
Award.

     

    Shareholder
Rights

    

    The Participant
shall have no rights as a shareholder of the Company, including voting rights,
with respect to the Award.

    

    Effect
on the Employment Relationship

    

    This grant of
Performance Shares is voluntary and made on a one-time basis and does not
constitute a commitment to make any future awards.  Nothing by this
Award or in this Award Agreement guarantees employment with the Company, nor
does this Award or Award Agreement confer any special rights or privileges to
the Participant as to the terms of employment.

    

    
      
        
          
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    Administration

    

    
      	
              1.

            	
              This Award is
      governed by the laws of the State of Ohio without giving effect to the
      principles of the conflicts of
laws.

            

    

    
      	
              2.

            	
              The
      administration of this Award and the Plan will be performed in accordance
      with Article 3 of the Plan.

            

    

    
      	
              3.

            	
              All
      determinations and decisions made by the Committee, the Board, or any
      delegate of the Committee as to the provisions of the Plan shall be final,
      conclusive, and binding on all
persons.

            

    

    
      	
              4.

            	
              The terms of
      this Award Agreement are governed at all times by the official text of the
      Plan and in no way alter or modify the
Plan.

            

    

    
      	
              5.

            	
              If a term is
      capitalized but not defined in this Award Agreement, it has the meaning
      given to it in the Plan.

            

    

    
      	
              6.

            	
              To the extent
      a conflict exists between the terms of this Award Agreement and the
      provisions of the Plan, the provisions of the Plan shall
      govern.

            

    

    
      	
              7.

            	
              The terms and
      conditions of this Award Agreement may be modified by the
      Committee:

            

    

    
      	
                     
      (a)

            	
              in any case
      permitted by the terms of the Plan or this Award
  Agreement;

            

    

    
      	
                     
      (b)

            	
              with the
      written consent of the Participant;
or

            

    

    
      	
                     
      (c)

            	
              without the
      consent of the Participant, if the amendment is either not materially
      adverse to the interests of the Participant or is necessary or appropriate
      in the view of the Committee to conform with, or to take into account,
      applicable law, including either exemption from or compliance with any
      applicable tax law.

            

    

    

    409A

     

     

    It is intended that
this Award and the compensation and benefits hereunder be exempt from Section
409A, and this Award shall be so construed and administered.  In the
event that the Committee reasonably determines that any compensation or benefits
payable under this Award Agreement may be subject to taxation under Section
409A, the Committee shall have the authority to adopt, prospectively or
retroactively, such amendments to this Award Agreement or to take any other
actions it determines necessary or appropriate to (a) exempt the compensation
and benefits payable under this Award from Section 409A or (b) comply with the
requirements of Section 409A.  The Committee, in its sole discretion,
shall determine to what extent, if any, this Award Agreement must be amended,
modified, or reformed. In no event, however, shall any provision of this Award
Agreement be construed to require the Company to provide any gross-up for the
tax consequences of any provisions of, or payments under, this Award and the
Company shall have no responsibility for tax consequences to Participant (or the
Participant’s beneficiary) resulting from the terms or operation of this
Award.

     

    Notwithstanding any
other provision in this Award Agreement to the contrary, if the Award is deemed
to be subject to the requirements of Section 409A and not exempt from such
coverage:

     

    
      	
              1.

            	
              A Participant
      shall not be treated as having a termination of employment unless the
      Participant has a “separation
      from service” as defined in regulations under, and for purposes of,
      Section 409A.

            

    

     

     

    

    
      
        
          
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              2.

            	
              If a
      Participant is a “specified employee,” as determined under the Company’s
      policy for determining specified employees on the date of a “separation
      from service,” all payments under this Award Agreement that would
      otherwise be paid or provided during the first six (6) months following
      such separation from service (other than payments, benefits, or
      reimbursements that are treated as separation pay under Section
      1.409A-1(b)(9)(v) of the Treasury Regulations, short-term deferrals under
      Section 1.409A-1(b)(4) of the Treasury Regulations or other payments
      exempted under the Treasury Regulations for Section 409A) shall be
      accumulated through and paid or provided (together with interest at the
      applicable federal rate under Section 7872(f)(2)(A) of the Internal
      Revenue Code of 1986, as amended, in effect on the date of the separation
      from service) as soon as practicable following the six (6) month
      anniversary of such separation from service but not later than the end of
      the taxable year in which the six (6) month anniversary occurs.
      Notwithstanding the foregoing, payments delayed pursuant to this paragraph
      shall commence as soon as practicable following the date of death of the
      Participant prior to the end of the 6 month period but in no event later
      than ninety (90) days following the date of
  death.

            

    

     

     

     

    SECTION
THREE - TRANSFER OF AWARD

     

    The Performance
Shares are not transferable during the life of the Participant.  Only
the Participant shall have the right to receive payout of the Award, unless the
Participant is deceased, at which time the payout may be paid to the
Participant's beneficiary (as designated under Article 15 of the Plan), or
pursuant to the Participant’s will or the laws of descent and
distribution.

     

    I acknowledge
receipt of this Performance Share Award and I accept and agree with the terms
and conditions stated above.

    

    

    
      
        
          
            
              
                	
                        FirstEnergy
      Corp.

                         

                         

                         

                      
	
                        By

                      	 
    
	 
    
	 
    
	 
    
	 
    
	
                        (Signature of
      Participant)

                         

                         

                         

                      
	
                        (Date)

                      

              

            

          

        

      

    

    

    

    

    
      
        
          
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          5Unassociated Document

    
      

      

    

     

    EXHIBIT
10.2

    FirstEnergy
Corp.

    Performance-Adjusted
Restricted Stock Unit Award Agreement

    

    This Restricted
Stock Unit Award Agreement (the “Award Agreement”) is entered into as of
March 2, 2009 (the “Grant Date”) between FirstEnergy Corp. and the
Participant.  For the purposes of this Award Agreement, the term
“Company” means FirstEnergy Corp., its successors and/or its Subsidiaries,
singularly or collectively.

    

    SECTION
ONE - AWARD

    

    As of the Grant
Date, in accordance with the FirstEnergy Corp. 2007 Incentive
Plan  (the “Plan”) and the terms and conditions of this Award
Agreement, the Company grants to the Participant the right to receive, at the
end of the Period of Restriction (as defined below) a number of shares of common
stock of the Company equal to number of restricted stock units set forth above
(the “Restricted Stock Units”), subject to adjustment based on the Company’s
performance as described below.

    

    Dividend
Equivalents

    

    Until the expiration
of the Period of Restriction pursuant to the terms and conditions of this Award
Agreement, the Participant will be credited on the books and records of the
Company with an amount per each Restricted Stock Unit (the “Dividend
Equivalent”) equal to the amount per share of any cash dividends declared by the
Board with a record date on or after the Grant Date on the outstanding
common stock of the Company.  Such Dividend Equivalents will be
credited in the form of an additional number of Restricted Stock Units (which
Restricted Stock Units, from the time of crediting, will be deemed to be in
addition to and part of the base number of Restricted Stock Units awarded by
this Award Agreement for all purposes hereunder).  The additional
number of Restricted Stock Units will be equal to the aggregate amount of
Dividend Equivalents credited on this Award on the respective dividend payment
date divided by the average of the high and low prices per share of common stock
on the respective dividend payment date.  The Restricted Stock Units
attributable to the Dividend Equivalents will be either delivered or forfeited,
as appropriate, under the same terms and conditions under this Award Agreement
that apply to the other Restricted Stock Units.

    

    SECTION
TWO - GENERAL TERMS

    

    This Award Agreement
is subject to the Plan and the following terms and conditions:

    

    Period
of Restriction

    

    For the purposes of
this Award Agreement, “Period of Restriction” means the period beginning on the
Grant Date set forth above and ending on the earliest of:

    

    
      	
              a)

            	
              5:00 p.m.
      Akron time on March 2, 2012;

            

    

    
      	
              b)

            	
              The date of
      the Participant’s death;

            

    

    
      	
              c)

            	
              The date that
      the Participant’s employment is terminated due to Disability;
      or

            

    

    
      	
              d)

            	
              The date of a
      Change in Control.

            

    

     

     

    
      
        
          
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    Notwithstanding that
the Period of Restriction ends upon a termination of employment due to
Disability, Restricted Stock Units awarded pursuant to this Award Agreement
shall be subject to limited restrictions after a termination due to Disability
as provided in this Award Agreement.

    

    Performance
Adjustment

    

    If the Payment Date
(as defined below under "Delivery of Common Stock") is March 2, 2012, the actual
number of shares issuable under the Restricted Stock Units awarded pursuant to
this Award Agreement may be adjusted upward or downward by fifty percent (50%)
from the number of Shares issuable under the Restricted Stock Units (as set
forth in Section One of this Award Agreement), based on the Company’s
performance against three key metrics.  The Committee has identified
the three performance metrics as Earnings Per Share, Safety, and Operational
Performance Index.

    

    The Company’s
performance against the three performance metrics will be evaluated, with
respect to each performance metric, by comparing the average of the Company’s
actual annual performance over the three years beginning in the year of grant of
this Award to the average of the annual target performance levels established
over the same period to determine whether the Company has exceeded, met or
fallen below the target performance level for that particular performance
metric. The annual target performance level relating to each metric for each
year will be set by the Committee in February of that year. The following
guidelines will be used to adjust the number of shares issuable under the
Restricted Stock Units awarded pursuant to this Award Agreement:

    

    
      	
              ·  

            	
              If the
      Company’s average annual performance meets or exceeds the average of the
      target performance levels established by the Committee with respect to all
      three of the performance metrics identified above, the number of Shares
      issuable under the Restricted Stock Units (as set forth in Section One of
      this Award Agreement) will be increased by fifty percent
      (50%).

            

    

    
      	
              ·  

            	
              If the
      Company’s average annual performance falls below the average of the target
      performance levels established by the Committee with respect to all three
      of the performance metrics identified above, the number of Shares issuable
      under the Restricted Stock Units (as set forth in Section One of this
      Award Agreement) will be decreased by fifty percent
  (50%).

            

    

    
      	
              ·  

            	
              If the
      Company’s average annual performance meets or exceeds the average of the
      target performance levels established by the Committee with respect to one
      or more of the performance metrics identified above, but falls below the
      average of the target performance levels with respect to one or more of
      the other performance metrics, the number of Shares issuable under the
      Restricted Stock Units (as set forth in Section One of this Award
      Agreement) will not be adjusted.

            

    

    

    

    
      
        
          
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    Delivery
of Common Stock

    

    The date that shares
of common stock shall be issued to the Participant (the “Payment Date”) shall be
as follows for each specified event:

    

    
      	
              ·  

            	
              As soon as
      practicable, but not later than ninety (90) days, after March 2, 2012 if
      the payment is on account of the expiration of the Period of Restriction
      set forth in paragraph a) of the subsection entitled “Period of
      Restriction” above; the Participant’s termination of employment upon
      retirement (as defined under the then established rules of the Company or
      any of its Subsidiaries, as the case may be); the Participant’s
      termination of employment due to Disability as set forth in paragraph c)
      of the subsection entitled “Period of Restriction” above; the
      Participant’s involuntary termination under conditions in which the
      Participant qualifies for and receives an employer severance benefit that
      is offered, and executes an agreement to release the Company in full
      against any and all claims as required by (and per the timing requirements
      in) the arrangement or plan providing the employer severance benefit; or
      if the Participant continues to be employed by the Company but ceases to
      be employed in an executive position during the three-year Period of
      Restriction; or, if earlier,

            

    

    

    
      	
              ·  

            	
              As soon as
      practicable, but not later than ninety (90) days, after the expiration of
      the Period of Restriction due to the Participant’s death or the date of a
      Change in Control pursuant to paragraph b) or d) of the subsection
      entitled “Period of Restriction” above.  If the Payment Date is
      pursuant to paragraph d), the Participant will receive a payout equal to
      the number of Shares equal to the full number of Restricted Stock Units
      granted in this Award Agreement.

            

    

    

    As soon as
practicable after the Payment Date, the Company shall deliver to the Participant
Shares of common stock under the Restricted Stock Units.  The Company
will deliver a number of Shares equal to the number of Restricted Stock Units
awarded under this Award Agreement, as adjusted, less any Shares sold to cover
the tax obligations in accordance with the subsection entitled “Withholding Tax”
below; provided that, no fractional Shares will be delivered and any fractional
Shares to which the Participant would otherwise be entitled will be rounded up
to the next full Share. All Shares delivered will be registered in the name of
the Participant and will be transferred to and held in book entry form in a
dividend reinvestment account in the name of the Participant.

    

    Change
in Control

    

    For purposes of this
Award, the term “Change in Control” means a change in control that satisfies
both a Change in Control as defined in the Plan and a “change in control event”
as defined in Treasury Regulation Section 1.409A-3(i)(5).

    

    Withholding
Tax

    

    The Company shall
sell Shares on the open market in an amount sufficient to satisfy all federal,
state, and local taxes required by law to be withheld in connection with the
delivery of Shares of common stock granted under this Award
Agreement.

     

    

    
      
        
          
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    Forfeiture

    

    The Participant
shall forfeit all of the Restricted Stock Units and any right under this Award
Agreement to receive Shares of common stock upon the occurrence of any of the
following events before the expiration of the Period of
Restriction:

    

    
      	
              ·  

            	
              Termination of
      employment with the Company for any reason; provided,
      however, that no forfeiture shall occur if termination of
      employment occurs upon or after a Change in
  Control.

            

    

    
      	
              ·  

            	
              Any attempt to
      sell, transfer, pledge, assign or otherwise alienate or hypothecate the
      Restricted Stock Units or the right to receive the common stock issuable
      under the Restricted Stock Units in violation of this Award
      Agreement.

            

    

    

    Notwithstanding the
above, if the Participant dies, has a termination of employment upon retirement,
(as defined under the then established rules of the Company or any of its
Subsidiaries, as the case may be), has a termination of employment due to
Disability, is involuntarily terminated under conditions in which the
Participant qualifies for and receives an employer severance benefit that is
offered, and executes an agreement to release the Company in full against any
and all claims as required by (and per the timing requirements in) the
arrangement or plan providing the employer severance benefit; or if the
Participant continues to be employed by the Company until March 2, 2012 but
ceases to be employed in an executive position during the three-year Period of
Restriction, the Restricted Stock Units awarded to the Participant under this
Award Agreement will be forfeited and/or payable as follows:

    

    
      	
              ·  

            	
              If the
      Participant dies, terminates employment as described above or ceases to be
      employed in an executive position prior to a full month after the Grant
      Date, all Restricted Stock Units earned will be forfeited upon the death
      or termination.

            

    

    
      	
              ·  

            	
              If the
      Participant dies, terminates employment as described above or ceases to be
      employed in an executive position after the lapse of a full month or more
      after the Grant Date, the Participant will be entitled to a prorated
      number of Restricted Stock Units.  The proration will be
      calculated by multiplying the number of Restricted Stock Units awarded by
      the number of full months served after the Grant Date, divided by
      thirty-six months.  The prorated Restricted Stock Units will
      then be adjusted upward or downward by the performance factors in
      accordance with the provisions under the subsection “Performance
      Adjustment” (as determined by the Committee), except that no adjustment is
      made upon death.  All fractional shares will be rounded up to
      the next full share.  The remaining portion of Restricted Stock
      Units awarded will be forfeited.

            

    

    

    Upon the occurrence
of any of the above forfeiture events (for which no exception has been made as
set forth above) before the expiration of the Period of Restriction, the
Restricted Stock Units that are to be forfeited as described above (either in
full or in part), shall be forfeited by the Participant to the
Company.  At the time of such forfeiture, the Participant’s interest
in the Restricted Stock Units and the common stock issuable under the Restricted
Stock Units shall terminate, unless such forfeiture is waived in the sole
discretion of the Committee.

    

    
      
        
          
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    Shareholder
Rights

    

    The Participant
shall have no rights as a shareholder of the Company, including voting rights,
with respect to the Restricted Stock Units until the issuance of common stock
upon expiration of the Period of Restriction.

    

    Effect
on the Employment Relationship

    

    The grant of
Restricted Stock Units is voluntary and made on a one-time basis and does not
constitute a commitment to make any future awards.  Nothing by this
Award or in this Award Agreement guarantees employment with the Company or any
Subsidiary, nor does this Award or Award Agreement confer any special rights or
privileges to the Participant as to the terms of employment.

    

    Adjustments

    

    In the event of any
merger, reorganization, consolidation, recapitalization, separation,
liquidation, stock dividend, stock split, combination, distribution, or other
change in corporate structure of the Company affecting the common stock, the
Committee will adjust the number and class of securities granted under this
Award Agreement in a manner determined by the Committee, in its sole discretion,
to be appropriate to prevent dilution or enlargement of the Restricted Stock
Units granted under this Award Agreement.

    

    Administration

    

    
      	
              1.

            	
              This Award
      Agreement is governed by the laws of the State of Ohio without giving
      effect to the principles of conflicts of
laws.

            

    

    
      	
              2.

            	
              The
      administration of this Award Agreement and the Plan will be performed in
      accordance with Article 3 of the
Plan.

            

    

    
      	
              3.

            	
              All
      determinations and decisions made by the Committee, the Board, or any
      delegate of the Committee as to the provisions of the Plan shall be final,
      conclusive, and binding on all
persons.

            

    

    
      	
              4.

            	
              The terms of
      this Award Agreement are governed at all times by the official text of the
      Plan and in no way alter or modify the
Plan.

            

    

    
      	
              5.

            	
              If a term is
      capitalized but not defined in this Award Agreement, it has the meaning
      given to it in the Plan.

            

    

    
      	
              6.

            	
              To the extent
      a conflict exists between the terms of this Award Agreement and the
      provisions of the Plan, the provisions of the Plan shall
      govern.

            

    

    
      	
              7.

            	
              The terms and
      conditions of this Award may be modified by the
  Committee:

            

    

    
      	
                  
      (a)

            	
              in any case
      permitted by the terms of the Plan or this Award
  Agreement;

            

    

    
      	
                  
      (b) 

            	
              with the
      written consent of the Participant;
or

            

    

    
      	
                  
      (c)

            	
              without the
      consent of the Participant if the amendment is either not materially
      adverse to the interests of the Participant or is necessary or appropriate
      in the view of the Committee to conform with, or to take into account,
      applicable law, including either exemption from or compliance with any
      applicable tax law.

            

    

     

     

    
      
        
          
            {00475016.DOC;9
}

             

            

          

           

        

        
          5

          
            

          

        

        
           

        

      

    

    

    

    409A

     

     

    It is intended that
this Award Agreement and the compensation and benefits hereunder either be
exempt from, or comply with, Section 409A of the Internal Revenue Code (“Section
409A”), and this Award Agreement shall be so construed and
administered.  In the event that the Committee reasonably determines
that any compensation or benefits payable under this Award Agreement may be
subject to taxation under Section 409A, the Committee shall have the authority
to adopt, prospectively or retroactively, such amendments to this Award
Agreement or to take any other actions it determines necessary or appropriate to
(a) exempt the compensation and benefits payable under this Award Agreement from
Section 409A or (b) comply with the requirements of Section 409A.  The
Committee, in its sole discretion, shall determine to what extent, if any, this
Award must be amended, modified or reformed.  In no event, however,
shall this section or any other provisions of this Award Agreement be construed
to require the Company to provide any gross-up for the tax consequences of any
provisions of, or payments under, this Award Agreement and the Company shall
have no responsibility for tax consequences to Participant (or the Participant’s
beneficiary) resulting from the terms or operation of this Award
Agreement.

     

     

    Notwithstanding any
other provision in this Award Agreement to the contrary, in the event a benefit
payable under this Award Agreement is subject to the requirements of Section
409A:

     

    
      	
              1.

            	
              A Participant
      shall not be treated as having a termination of employment unless the
      Participant has a “separation from service” as defined in regulations
      under, and for purposes of, Section
409A.

            

    

    
      	
              2.

            	
              If a
      Participant is a “specified employee,” as determined under the Company’s
      policy for determining specified employees on the date of a “separation
      from service,” all payments under this Award Agreement that would
      otherwise be paid or provided during the first six (6) months following
      such separation from service (other than payments, benefits, or
      reimbursements that are treated as separation pay under Section
      1.409A-1(b)(9)(v) of the Treasury Regulations, short-term deferrals under
      Section 1.409A-1(b)(4) of the Treasury Regulations or other payments
      exempted under the Treasury Regulations for Section 409A) shall be
      accumulated through and paid or provided (together with interest at the
      applicable federal rate under Section 7872(f)(2)(A) of the Internal
      Revenue Code of 1986, as amended, in effect on the date of the separation
      from service) as soon as practicable following the six (6) month
      anniversary of such separation from service but not later than the end of
      the taxable year in which the six (6) month anniversary occurs.
      Notwithstanding the foregoing, payments delayed pursuant to this paragraph
      shall commence as soon as practicable following the date of death of the
      Participant prior to the end of the 6 month period but in no event later
      than ninety (90) days following the date of
  death.

            

    

     

    

    
      
        
          
            {00475016.DOC;9
}

             

            

          

           

        

        
          6

          
            

          

        

        
           

        

      

    

    

    

    SECTION
THREE - TRANSFER OF AWARD

     

    Neither the
Restricted Stock Units nor the right to receive the common stock issuable under
the Restricted Stock Units are transferable during the life of the
Participant.  Only the Participant shall have the right to receive the
common stock issuable under this Award Agreement, unless the Participant is
deceased, at which time the common stock issuable under this Award Agreement may
be issued to the Participant’s beneficiary (as designated under Article 15 of
the Plan), or pursuant to the Participant’s will or the laws of descent and
distribution.

    

    

    

    

    
      
        
          
            
              	
                      FirstEnergy
      Corp.

                    
	 
    
	 
	 
    
	
                      By

                    	 
    
	
                      Corporate
      Secretary

                    

            

          

        

      

    

    

     

     

    

    I acknowledge
receipt of this Restricted Stock Unit Award Agreement and I accept and agree
with the terms and conditions stated above.

    

    

    

    
      
        
          
            
              
                
                  	 
	 
	 
    
	
                          (Signature of
      Participant)

                        

                

              

            

          

        

      

    

    

    

    

    
      
        
          
            
              
                
                  
                    
                      	 
	 
	 
    
	
                              (Date)

                            

                    

                  

                

              

            

          

        

      

    

    

    

    

    

    

    
      
        
          
            {00475016.DOC;9
}

             

            

          

           

        

        
          7

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