Document:

Trust Agreement

 Exhibit 10.2 
 TRUST AGREEMENT  
 (Amended and Restated on March 20, 2008) 

 (1999 Directors Deferred Compensation Plan) 
 THIS AMENDED AND RESTATED TRUST AGREEMENT is made by and between CONSOL ENERGY INC. (the “Company”) and PNC Bank, National Association (the “Trustee”). 
 WITNESSETH 
 WHEREAS, the
Company has adopted the CONSOL Energy Inc. Directors Deferred Compensation Plan (the “Plan”), a nonqualified deferred compensation plan; and 
 WHEREAS, the Company has adopted that certain Trust Agreement (“Trust Agreement”) under the Plan to provide a source of funds from which liabilities under the Plan may be satisfied; and 
 WHEREAS, the Company is authorized under Section 11 of the Trust Agreement to amend the Trust Agreement; and 
 WHEREAS, the Company desires to amend and restate the Trust Agreement as provided herein (hereinafter “Trust”) and to contribute to the
Trust assets that shall be held therein, subject to the claims of the Company’s creditors in the event of the Company’s Insolvency, as herein defined, until paid to Plan participants (“Plan Participants”) and their beneficiaries
in such manner and at such times as specified in the Plan; 
 WHEREAS, it is the intention of the parties that this Trust shall
constitute an unfunded arrangement and shall not affect the status of the Plan as an unfunded plan maintained for the purpose of providing deferred compensation for a select group of management or highly compensated employees for purposes of Title I
of the Employee Retirement Income Security Act of 1974, as amended; and 
 WHEREAS, it is the intention of the Company to make
contributions to the Trust to provide itself with a source of funds to assist it in meeting its obligations under the Plan. 
 NOW,
THEREFORE, the parties do hereby amend and restate the Trust, and agree that the Trust shall be comprised, held and disposed of as follows: 
 Section 1. Establishment of Trust 
 (a) The Company and the Trustee acknowledge and agree that the cash and/or other
securities that make up the principal of the Trust will be held, administered and disposed of by the Trustee as provided in this Trust Agreement. 
 (b) The Trust shall be irrevocable. 

 (c) The Trust is intended to be a grantor trust, of which the Company is the grantor, within the meaning
of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be construed accordingly. 
 (d) The principal of the Trust, and any earnings thereon shall be held separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes of Plan Participants and other general
creditors of the Company as herein set forth. Plan Participants and their beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust. Any rights created under the Plan and this Trust Agreement
shall be mere unsecured contractual rights of Plan Participants and their beneficiaries against the Company. Any assets held by the Trust will be subject to the claims of the Company’s general creditors under federal and state law in the event
of Insolvency, as defined in Section 3(a) herein. 
 (e) The Company may periodically deposit additional cash or other property to the
Trust in an amount sufficient to pay each Plan Participant and beneficiary the benefits payable pursuant to the terms of the Plan. The Trustee shall have no duty to calculate such amounts or compel any deposits or contributions to the Trust.

 Section 2. Payments to Plan Participants and Their Beneficiaries  
 (a) As necessary for proper administration of the Plan, the Company shall deliver to Trustee written directions acceptable to the Trustee setting
forth the amounts payable in respect of each Plan Participants (and his or her beneficiaries), and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments to the Plan Participants
and their beneficiaries in accordance with such directions. With respect to payments to Plan Participants, the Company shall be solely responsible for determining the amount of income that is taxable and reportable to the Plan Participant,
determining the nature and amounts of taxes, if any, to be withheld and remitted, and for reporting all such income and taxes to the applicable government entities. The Trustee shall have no duties with respect thereto. 
 (b) The entitlement of a Plan Participant or his or her beneficiaries to benefits under the Plan shall be determined by the Company or such party as it
shall designate under the Plan, and any claim for such benefits shall be considered and reviewed under the procedures set out in the Plan. 
 (c) It is the Company’s intention that all Plan benefits shall be paid to Plan Participants and beneficiaries out of Trust assets to the extent not inconsistent with the terms of the Plan. The Company may, however, make payment of
benefits directly to Plan Participants or their beneficiaries as they become due under the terms of the Plan. The Company shall notify the Trustee of its decision to make payment of benefits directly before the time amounts are payable to Plan
Participants or beneficiaries. If the principal of the Trust, and any earnings thereon, are not sufficient to make payments of benefits in accordance with the terms of the Plan, the Company shall make the balance of any such payment as it falls due.
The Trustee shall notify the Company where principal and earnings are not sufficient to make benefit payments. 
 (d) Except as otherwise
provided in Section 3 or Section 12(e), the Company shall have no right or power to direct the Trustee to return to the Company any of the Trust assets before all payment of benefits have been made to Plan Participants and their
beneficiaries pursuant to the terms of the Plan. 
  

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 Section 3. Trustee Responsibility Regarding Payments to Trust Beneficiary When the Company Is Insolvent

 (a) The Trustee shall cease payment of benefits from the Trust to Plan Participants and their beneficiaries if the Company is
Insolvent. The Company shall be considered “Insolvent” for purposes of this Trust Agreement if: (i) the Company is unable to pay its debts as they become due; or (ii) the Company is subject to a pending proceeding as a debtor
under the United States Bankruptcy Code. 
 (b) At all times during the continuance of this Trust, as provided in Section 1(d) hereof,
the principal and income of the Trust shall be subject to claims of general creditors of the Company under federal and state law as set forth below. 
 (1) The Board of Directors and the Chief Executive Officer of the Company shall have the duty to inform the Trustee in writing of the Company’s Insolvency. If a person claiming to be a creditor of the Company
alleges in writing to the Trustee that the Company has become Insolvent, the Trustee shall determine whether the Company is Insolvent and, pending such determination, the Trustee shall discontinue payment of benefits to Plan Participants or their
beneficiaries. 
 (2) Unless the Trustee has actual knowledge of the Company’s Insolvency, or has received notice from the Company or a
person claiming to be a creditor alleging that the Company is Insolvent, the Trustee shall have no duty to inquire whether the Company is Insolvent. The Trustee may in all events rely on such evidence concerning the Company’s solvency as may be
furnished to the Trustee by the Company and that provides the Trustee with a reasonable basis for making a determination concerning the Company’s solvency. 
 (3) If at any time the Trustee has determined that the Company is Insolvent, the Trustee shall discontinue payments to Plan Participants or their beneficiaries and shall hold the assets of the Trust for the benefit of
the Company’s general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of Plan Participants or their beneficiaries to pursue their rights as general creditors of the Company with respect to benefits due under the
Plan or otherwise. 
 (4) The Trustee shall resume the payment of benefits to Plan Participants or their beneficiaries in accordance with
Section 2 of this Trust Agreement only after Trustee has determined that the Company is not Insolvent (or is no longer Insolvent). 
 (c) Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to Section 3(b) hereof and subsequently resumes such payments, then as directed in writing by the Company, the
first payment following such discontinuance shall include the aggregate amount of all payments due to Plan Participants or their beneficiaries under the terms of the Plan for the period of such discontinuance, less the aggregate amount of any
payments made to Plan Participants or their beneficiaries by the Company in lieu of the payments provided for hereunder during any such period of discontinuance. The Trustee shall have no duty to calculate the foregoing amounts. 
 Section 4. Investment Authority 
 (a) Except as
provided in Section 4(b) or (c), the Company or, if so appointed, the Investment Manager (defined below) shall provide the Trustee with all investment instructions. The Trustee shall neither affect nor change the investments of the Trust,
except as directed in writing by the 

  

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Company or the Investment Manager, and shall have no right, duty or responsibility to recommend investments or investment changes; provided, that the Trustee
may deposit cash on hand from time to time in any bank savings account, certificate of deposit, or other instrument creating a deposit liability for the bank, including the Trustee’s own banking department if the Trustee is a bank, or in
interests in a registered investment company appropriate for short term investment, including a registered investment company from which Trustee or its affiliates receive compensation for providing investment advisory, transfer agency, custody or
other services, without such prior direction. 
 (b) In order to provide for an accumulation of assets comparable to the contractual
liabilities accruing under the Plan, the Company may direct the Trustee to invest the assets held in the Trust to correspond to the hypothetical investments made available for Plan Participants under the Plan. Such directions may be made by Plan
Participants by use of a service representative, a Voice Response System (VRS), the internet or such other electronic means as may be agreed upon from time to time by the Company and the Trustee, maintained for such purposes by the Trustee or its
agents. The Company’s designation of available investment options under the Plan, the maintenance of accounts for each Plan Participant and the crediting of investments to such accounts, the giving of investment directions by Plan Participants
under this Section, and the exercise by Plan Participants of any other powers relating to investments under this Section are solely for the purpose of providing a mechanism for measuring the obligation of the Company to any particular Plan
Participant under the Plan. As provided in Section 1(d) above, no Plan Participant or beneficiary will have any preferential claim to or beneficial ownership interest in any asset or investment, and the rights of any Plan Participant and his or
her beneficiaries under the Plan and this Trust are solely those of the unsecured general creditor of the Company with respect to the benefits of the Plan Participant under the Plan. 
 (c) Subject to the provisions of Section 4(a) hereof, the Trustee shall have, without exclusion, all powers conferred on the Trustee by applicable
law, unless expressly provided otherwise herein, and all rights associated with the assets of the Trust shall be exercised by the Trustee or the person designated by the Trustee, and shall in no event be exercisable by or rest with Plan
Participants. The Trustee shall have full power and authority to invest and reinvest the assets of the Trust as directed by the Company or the Investment Manager in any investment permitted by law, including but not limited to investment in
securities (including stock or rights to acquire stock) or obligations issued by the Company, and including interests in registered investment companies from which Trustee or its affiliates receive compensation for providing investment advisory,
transfer agency, custody or other services. 
 (d) Voting or other rights in securities shall be exercised by the person or entity
responsible for directing such investments, and the Trustee shall have no duty to exercise voting or proxy or other rights relating to any investments managed or directed by the Company or the Investment Manager. If any foreign securities are
purchased pursuant to the direction of the Company or the Investment Manager, it shall be the responsibility of the person or entity responsible for directing such investments to advise the Trustee in writing of any laws or regulations, either
foreign or domestic, that apply to such foreign securities or to the receipt of dividends or interest on such securities. 
 (e) The Company
may appoint one or more investment managers (“Investment Managers”), each of which, unless otherwise determined by the Company, (1) is (i) registered under the Investment Advisors Act of 1940 (the “Act”), (ii) a
bank, as defined in the Act, or (iii) an insurance company qualified to manage, acquire and dispose of trust assets in more than one state; (2) acknowledges in writing that it is a fiduciary with respect to the Plan and Trust; and (3),
shall have the power to manage, acquire or dispose of any asset of, or all or such portions of the Trust’s assets as the Company shall 

  

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specify (the “Managed Assets”). The Company shall from time to time direct the Trustee in writing with respect to the portion of the assets of the
Trust which shall be Managed Assets. The fees and expenses of an Investment Manager, except to the extent paid by Company, may be paid from the Trust. 
 (f) The Company shall have the right at anytime, and from time to time in its sole discretion, to substitute assets acceptable to the Trustee of equal fair market value for any asset held by the Trust. This right is
exercisable by the Company in a nonfiduciary capacity without the approval or consent of any person serving in a fiduciary capacity. 
 Section 5.
Disposition of Income 
 (a) During the term of this Trust, all income received by the Trust, net of expenses and taxes not otherwise paid
by the Company, shall be accumulated and reinvested. 
 Section 6. Accounting by Trustee 
 (a) The Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made,
including such specific records as shall be agreed upon in writing between the Company and the Trustee. Within sixty (60) days following the close of each calendar year or after the removal or resignation of the Trustee, the Trustee shall
deliver to the Company a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts,
disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately),
and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation as the case may be. The Company may approve the account either by written notice of approval delivered to
the Trustee or by failure to object in writing to the Trustee within 180 days from the date on which the account statement was delivered to the Company. Upon receipt of written approval of the accounting, or upon the expiration of the 180-day period
without written objections, the account statement shall be approved, and the Trustee shall be released and discharged with respect to the account as if the account had been settled and allowed by a decree of a court of competent jurisdiction.
Nothing herein contained, however, shall be deemed to preclude the Trustee of its right to have its account settled by a court of competent jurisdiction. 
 (b) Notwithstanding the forgoing, each calendar month the Trustee shall provide the Company an account statement reflecting all of the assets held in the Trust at month end and any changes
to the Trust holdings during such preceding month. Such account statement shall be in a form that is mutually agreed upon between the Company and the Trustee and shall be sent each month via US regular first-class
mail within ten business days of the end of each month (or as soon thereafter as administratively practicable based on the nature of the assets held in the Trust) to (i) the General Counsel, Attn: P. Jerome Richey, CONSOL Energy Inc.,
1800 Washington Road, Pittsburgh, PA 15241, and (ii) Manager Compensation, Attn: George Witkowsky, CONSOL Energy Inc., 1800 Washington Road, Pittsburgh, PA 15241. The Company shall notify the Trustee in writing of any changes in the names or
addresses of the foregoing recipients. 
  

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 (c) The Company is aware that federal regulations require the Trustee, without charge and within one
(1) business day of its receipt of a broker/dealer confirmation for each security transaction in the Trust’s account to forward to the Company a written notification which discloses, among other things: the Trustee’s name,
Trust’s name, the capacity (capacities) in which the Trustee is acting, the date (and time, within a reasonable period, upon written request of the Company) of execution, the identity, price, number of share or units or principal amount of debt
securities purchased or sold by the Trust, the name of the broker/dealer, the amount of any remuneration received by such broker/dealer from the Trust and the amount of any remuneration received by the Trustee. The Company agrees to accept the
monthly written account statements described above in satisfaction of the Trustee’s obligation to provide written notification as described herein; provided, that upon the Company’s request, the Trustee will provide to the Company, within
a reasonable time and at no additional cost, the information required by federal regulations. 
 Section 7. Responsibility of Trustee 

(a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like
capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction,
request or approval given by the Company which is contemplated by, and in conformity with, the terms of the Plan or this Trust and is given in writing by the Company; and provided further, that the Trustee shall incur no liability to any person for
any reasonable action or failure to act taken pursuant to a reasonable determination of the existence or non-existence of an event of Insolvency pursuant to Section 3 hereunder. In the event of a dispute between the Company and a party, the
Trustee may apply to a court of competent jurisdiction to resolve the dispute. 
 (b) The Trustee may consult with legal counsel (who may
also be counsel for the Company or the Trustee generally) with respect to any of its duties or obligations hereunder and, subject to the provisions of Section 12(f) hereof, shall be fully protected with respect to any act or inaction taken in
reasonable reliance upon the written advice of counsel. 
 (c) The Trustee may hire agents, accountants, actuaries, investment advisors,
financial consultants or other professionals to assist it in performing any of its duties or obligations hereunder. 
 (d) The Trustee shall
have, without exclusion, all powers conferred on Trustees by applicable law, unless expressly provided otherwise herein; provided, however, that if an insurance policy is held as an asset of the Trust, the Trustee shall have no power to name a
beneficiary of the policy other than the Trust, to assign the policy (as distinct from conversion of the policy to a different form) other than to a successor Trustee, or to loan to any person the proceeds of any borrowing against such policy.

 (e) Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or by applicable law, the Trustee shall not have
any power that could give this Trust the objective of carrying on a business and dividing the gains therefrom, within the meaning of section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Internal Revenue
Code. 
  

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 Section 8. Compensation and Expenses of Trustee and Other Advisors 
 (a) The Trustee shall be entitled to reimbursement of all reasonable and proper expenses incurred by the Trustee in connection with its administration of
the Trust and such compensation as shall be agreed upon from time to time between the Trustee and the Company. The Company may pay all or any portion of the administrative and Trustee’s fees and expenses. If not so paid, the fees and expenses
shall be paid from the Trust. Further and to the extent the Company or the Trustee employ custodians, investment managers, investment advisors, accountants, attorneys or other agents to assist in the administration of the Trust or the Plan, the
Trustee may pay out of the Trust assets all or any portion of the reasonable and proper fees and expenses incurred for such services. 
 Section 9.
Resignation and Removal of Trustee 
 (a) The Trustee may resign at any time by written notice to the Company, which shall be effective 60
days after receipt of such notice unless the Company and the Trustee agree otherwise. The Trustee may be removed by the Company on 60 days written notice or upon shorter notice accepted by the Trustee. 
 (b) Upon resignation or removal of the Trustee and appointment of a successor Trustee, all assets shall subsequently be transferred to the successor
Trustee. The transfer shall be completed within 60 days after receipt of notice of resignation, removal or transfer, unless the Company extends the time limit. 
 (c) If the Trustee resigns or is removed, a successor shall be appointed, in accordance with Section 10 hereof, by the effective date of resignation or removal under this Section. If no such appointment has been
made, the Trustee may apply to a court of competent jurisdiction for appointment of a successor or for instructions. All expenses of the Trustee in connection with the proceeding shall be allowed as administrative expenses of the Trust. 

Section 10. Appointment of Successor 
 (a) If
the Trustee resigns or is removed in accordance with Section 9 hereof, the Company shall appoint a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who
shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the
transfer. 
 (b) The successor Trustee need not examine the records and acts of any prior Trustee and may retain or dispose of existing Trust
assets, subject to Sections 6 and 7 hereof. The successor Trustee shall not be responsible for and the Company shall indemnify and defend the successor Trustee from any claim or liability resulting from any action or inaction of any prior Trustee or
from any other past event, or any condition existing at the time it becomes successor Trustee. 
 Section 11. Amendment or Termination

 (a) This Trust Agreement may be amended by a written instrument executed by Trustee and the Company. Notwithstanding the foregoing, no
such amendment shall conflict with the terms of the Plan or shall make the Trust revocable. 
  

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 (b) The Trust shall not terminate until the date on which Plan Participants and their beneficiaries are
no longer entitled to benefits pursuant to the terms of the Plan. Subject to Section 11(d) below, upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company. 
 (c) Upon written consent of all Plan Participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may
terminate this Trust prior to the time all benefit payments under the Plan have been made. Subject to Section 11(d) below, all assets in the Trust at termination shall be returned to the Company. 
 (d) The Trustee shall not be required to return any assets in the Trust to the Company pursuant to Section 11(b) or Section 11(c) unless and
until the Company provides the Trustee with documentation or certifications reasonably requested by Trustee to establish that the provisions of Section 11(b) or Section 11(c), as applicable, have been satisfied. The Trustee may
conclusively rely upon any such documentation or certifications provided by the Company. 
 Section 12. Miscellaneous 
 (a) Any provisions of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition, without invalidating the
remaining provisions hereof. 
 (b) Benefits payable to Plan Participants and their beneficiaries under this Trust Agreement may not be
anticipated, assigned (either at law or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process. 
 (c) This Trust Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. 
 (d) The effective date of this Trust Agreement as amended and restated, shall be March 20, 2008. 
 (e) Notwithstanding any provision of this Trust Agreement or the Plan to the contrary: (i) the provisions of this Trust Agreement shall be
administered, interpreted and construed in a manner necessary in order to comply with Section 409A of the Code (“Section 409A”) or an exception thereto (or disregarded to the extent such provision cannot be so administered,
interpreted or construed); (ii) no provision of this Trust Agreement shall be construed to restrict the assets of the trust in a manner that would result in a transfer of property as provided under Section 409A(b)(2) (relating to the
employer’s financial health) or Section 409A(b)(3) (relating to the funding status of the employer’s defined benefit plans); and (iii) no contribution to this Trust may be made during any “restricted period” within the
meaning of Section 409A(b)(3); provided, however, to the extent a contribution is made during any such “restricted period,” the Trustee shall immediately return such contribution to the Company upon written notice thereof from the
Company and shall take any such other action reasonably requested by the Company as may be necessary or advisable to avoid a violation of Section 409A(b)(3). The Company shall have the duty to notify the Trustee in writing of the commencement
of a “restricted period.” The Trustee shall have no duty to inquire as to the existence of a restricted period and may conclusively presume that no restricted period exists in the absence of written notice from the Company. 
  

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 (f) The Trustee shall be indemnified and saved harmless by the Company from and against any and all
liability to which the Trustee may be subjected in carrying out its duties under this Agreement (including any liability incurred as a result of compliance with instructions of the Company, its agents or employees), including all expenses reasonably
incurred in its defense, except to the extent that any loss or damage is directly attributable to the Trustee’s (a) failure to exercise the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person
acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and like aims, (b) negligence or willful misconduct or (c) violation of applicable law or the material provisions of
this Trust Agreement. The indemnification provided to the Trustee shall also apply to any liability arising from the actions or nonactions of any predecessor trustee or fiduciary or other fiduciaries of the Plan. 
 (g) The Company and Plan shall be indemnified and saved harmless by the Trustee from and against any and all liability to which the Company or the Plan
may incur or be subjected to (including any liability incurred as a result of the Trustee’s failure to comply with instructions of the Company, its agents or employees, or the Investment Manager), including all expenses reasonably incurred in
defense of any claim giving rise to such liability, to the extent that any loss or damage is directly attributable to the Trustee’s (a) gross negligence, or (b) willful misconduct, or (c) violation of applicable law. 

 

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 [Signature Page for Amended and Restated Trust Agreement for 
 1999 Directors Deferred Compensation Plan] 
 In witness whereof, the Company and Trustee have executed this Amended and Restated Trust
Agreement as of the 20th day of March, 2008. 
  

			
	CONSOL Energy Inc.
		
	By:	 	 /s/ William J. Lyons

	Name:	 	William J. Lyons
	Title:	 	Executive Vice President and CFO
	
	Trustee
		
	By:	 	 /s/ Dana Luksic

	Name:	 	Dana Luksic

  

 10Directors' Deferred Fee Plan

 Exhibit 10.3 
 CONSOL ENERGY INC. 
 DIRECTORS’ DEFERRED FEE PLAN  
 (2004 PLAN) 
 (Amended and
Restated on December 4, 2007) 
 ARTICLE I 
 GENERAL 
 1.1 Purpose. This Plan is established and maintained by the
Company to allow non-employee Directors to defer payment of all or a portion of their annual Board Retainer Fees and/or Director Meeting Fees. 
 1.2 Definitions. Unless a different meaning is plainly implied by the context, the following terms as used in this Plan shall have the following meanings: 
 (a) “Account” shall mean the bookkeeping account established and maintained for each Participant for recording amounts deferred
pursuant to Section 3.1. 
 (b) “Administrator” shall mean the Board or any person, group or entity designated
by the Board in accordance with the provisions of Article V to administer the Plan. 
 (c) “Beneficiary” shall
mean the person or persons designated to receive benefits after the death of the Participant as provided in Section 4.3. 
 (d)
“Board” shall mean the Board of Directors of the Company. 
 (e) “Board Retainer Fees” shall
mean the annual retainer fees payable to members of the Board in cash (e.g. the Annual Board Retainer, Annual Committee Chair Retainer, Annual Audit Committee Chair Retainer, Annual and Audit Committee Member Retainer). 
 (f) “Change in Control” shall have the same meaning ascribed to it under the CONSOL Energy Inc. Equity Incentive Plan.

 (g) “Code” shall mean the Internal Revenue Code of 1986, or any provision or section thereof herein specifically
referred to, as such provision or section may from time to time be amended or replaced. 
 (h) “Deferral Agreement”
shall mean a written agreement, in the form attached hereto as Exhibit 1, entered into between the Company and a Participant pursuant to Section 2.3 of the Plan. 
 (i) “Company” shall mean CONSOL Energy Inc. 
 (j) “Director” shall mean a member of the Board who is not an employee of the Company or any of its affiliates. 

 (k) “Director Meeting Fees” shall mean attendance fees, if any, payable in cash
for each meeting of the Board attended by the Director or any committee meeting the Director attends for a committee on which such Director serves. 
 (l) “Effective Date” shall mean the effective date of the Plan, which shall be July 20, 2004. 
 (m)
“Interest Rate” shall mean the ten year Moody AAA Bond Rate. 
 (n) “Participant” shall mean
a Director who is eligible to participate in the Plan and has elected to do so pursuant to Section 2.3. 
 (o)
“Plan” shall mean the CONSOL Energy Inc. Directors’ Deferred Fee Plan. 
 (p) “Plan
Year” shall mean the one-year period between the annual stockholders’ meeting and the next following annual stockholders’ meeting; provided, however, for the year in which the Plan becomes effective, “Plan
Year” shall mean the period beginning on the Effective Date and ending on the next following annual stockholders’ meeting. 
 (q) “Section 409A” shall mean Section 409A of the Code, the regulations and other binding guidance promulgated thereunder. 
 (r) “Separation from Service” shall mean the Director’s death, retirement or other termination of service with the Company and all of its controlled group members within the meaning of
Section 409A of the Code. For purposes hereof, the determination of controlled group members shall be made pursuant to the provisions of Section 414(b) and 414(c) of the Code; provided that the language “at least 50 percent”
shall be used instead of “at least 80 percent” in each place it appears in Section 1563(a)(1),(2) and (3) of the Code and Treas. Reg. § 1.414(c)-2; provided, further, where legitimate business reasons exist (within the
meaning of Treas. Reg. § 1.409A-1(h)(3)), the language “at least 20 percent” shall be used instead of “at least 80 percent” in each place it appears. Whether the Director has a Separation from Service will be determined
based on all of the facts and circumstances and in accordance with the guidance issued under Section 409A. 
 1.3 Plurals
and Gender. Where appearing in the Plan, the masculine gender shall include the feminine and neuter genders, and the singular shall include the plural and vice versa, unless the context clearly indicates a different meaning. 
 1.4 Headings. The headings and subheadings in this Plan are inserted for the convenience of reference only and are to be ignored in
any construction of the provisions thereof. 
 1.5 Severability. In case any provision or portion of this Plan shall be
held illegal or void, such provision or portion shall not affect the remainder of this Plan, but shall be fully severable, and the Plan shall be construed and enforced as if said provision had never been inserted herein. 
 ARTICLE II 
 ELIGIBILITY AND
PARTICIPATION 
 2.1 Eligibility. Each member of the Board who is a Director on the Effective Date shall be
eligible to participate in the Plan beginning on the Effective Date. Any person who becomes a Director after the Effective Date shall be eligible to participate in the Plan on the day such person becomes a Director. 
  

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 2.2 Participation. Each Director shall become a Participant in the Plan as of the
date on which such Director completes and submits an irrevocable Deferral Agreement in accordance with Section 2.3. 
 2.3
Election Procedure. A Director may file a Deferral Agreement at any time during the 30-day period following the date on which the Director initially becomes eligible to participate in the Plan. Any such initial Deferral Agreement must
be filed with the Company within the 30-day election period; provided, however, that any such Deferral Agreement shall only apply to fees earned and payable for services rendered after the date on which the Deferral Agreement is delivered to the
Company. Accordingly, if a Deferral Agreement is made in the first-year of eligibility but after the beginning of the Plan Year, the Deferral Agreement shall only apply to the total amount of such fees multiplied by the ratio of (i) the number
of days remaining in the Plan Year after the election to (ii) the total number of days in the Plan Year. 
 A Director shall also be
permitted to submit an annual election for each Plan Year by filing a new Deferral Agreement in relation to the fees to be deferred during such Plan Year. Any such annual election must be filed with the Company on or before December 31st of the
calendar year preceding the beginning of the Plan Year to which the Deferral Agreement relates (or such other date as permitted by the Administrator to the extent consistent with Section 409A). If a Director fails to timely file a completed
Deferral Agreement for a Plan Year, none of such Director’s Board Retainer Fees or Director Meeting Fees will be deferred for that Plan Year. 
 To be valid, the Deferral Agreement must indicate the portion of Board Retainer Fees and/or Director Meeting Fees to be deferred and the timing of Plan distribution. A deferral is effective upon receipt by the Company, within the
applicable election period, of the correctly completed Deferral Agreement. A Deferral Agreement is irrevocable during the Plan Year to which it applies; provided, however, if the Director suffers a disability or dies, the Director’s deferral
election shall be cancelled. For purposes of this Section, a disability refers to any medically determinable physical or mental impairment resulting in the Director’s inability to perform the duties of his or her position or any substantially
similar position, where such impairment can be expected to result in death or can be expected to last for a continuous period of not less than six months. 
 ARTICLE III 
 DEFERRED FEES 
 3.1 Accounts. The Company shall establish an Account on behalf of each Participant which shall be credited with deferred fees as
provided in Section 3.2 and Earnings as provided in Section 3.3, and debited to reflect payments made to such Participant pursuant to Article IV. A Participant shall have no right to receive any amounts credited to his Account except as
expressly provided in Article IV of the Plan. 
 3.2 Board Retainer and Director Meeting Fees. To the extent provided in
the Deferral Agreement in effect for any Plan Year, a Participant may elect to defer the right to receive: (i) Board Retainer Fees stated as a whole percentage or a dollar amount of such fees; and/or (ii) Director Meeting Fees on an all or
nothing basis. The minimum deferral amount with respect to Board Retainer Fees is $10,000 per Plan Year. The amount of any fees deferred with respect to any Plan Year shall reduce the 

  

 -3- 

 
amount of such fees otherwise payable to the Participant for such Plan Year on a ratable basis over the period in which such amounts would otherwise be paid,
and the amount of each such reduction shall be credited to the Participant’s Account as of the date of such reduction. 
 3.3
Earnings. The Participant’s Account shall be adjusted by an amount equal to the amount that would have been earned (or lost) if the amounts deferred under the Plan had been invested in hypothetical investments designated by the
Participant, based on a list of hypothetical investments provided by the Administrator from time to time (such hypothetical earnings or losses shall be referred to as “Earnings”). The Participant shall designate the investments used to
measure Earnings from the list of authorized investments provided by the Administrator by completing the appropriate form or in such other manner as the Administrator may designate. The Participant may change such designations at such times as are
permitted by the Administrator, provided that the Participant shall be entitled to change such designations at least annually. Earnings shall be credited to the Participant’s Account quarterly and shall be credited to a Participant’s
Account until all payments with respect to such Account have been made under the Plan. Neither the Company nor the Administrator shall act as a guarantor, or be liable or otherwise responsible for the investment performance of the designated
investments (including any losses sustained by a Participant) with respect to a Participant’s Account. 
 If a Participant fails to
designate the investment of his or her Account, the Account shall be credited, on a quarterly basis, with interest based on the Interest Rate in effect on the last day of the applicable quarter. In the event any such Participant terminates service
during a Plan Year, such Participant’s interest credit for the quarter in which the termination occurs will be based on the Interest Rate in effect on the day of the Participant’s termination and shall be pro-rated based on the
Participant’s service during such quarter. No interest will accrue for periods after a Participant’s termination of service during the quarter. 
 3.4 Vesting. Amounts credited to a Participant’s Account shall be fully vested at all times. 
 ARTICLE IV 
 PAYMENT OF DEFERRED FEES 
 4.1 Method of Distribution. The amount payable to a Participant or his Beneficiary under the Plan shall be paid in cash in a single
sum as provided in Section 4.2. 
 4.2 Timing of Distribution. A Participant’s Account will be paid upon the
earlier of the following designated payment dates: (i) the Participant’s Separation from Service, or (ii) the date elected by the Participant which must be at least two years after the end of the Plan Year for which the fees are
deferred. It is intended that any payments made pursuant to Section 4.2 shall be made on the designated payment date or as soon as administratively feasible thereafter (but in no event later than a date within the same calendar year or, if
later, by the 15th day of the third calendar month following the designated payment date). Notwithstanding any provision herein to the contrary, if the Director is a “specified employee” for purposes of Section 409A, any payment to
the Director due upon Separation from Service will be delayed and paid on the six (6) month anniversary of the date the Director Separates from Service (or, if earlier, the death of the Director). 
 4.3 Designation of Beneficiary. 
 (a) Each Participant shall have the right to designate a Beneficiary or Beneficiaries to receive any amount which may be payable under the Plan after his death. Such designation of 

  

 -4- 

 
Beneficiary shall be in writing in the form attached as Exhibit 2, and shall be effective when received by the Company. The Company shall
keep records in writing of all such designations. The Participant shall have the right to change such designation by filing a new designation form with the Company. Such change of Beneficiary shall become effective upon its receipt by the Company,
and any such change shall be deemed to revoke all prior designations. 
 (b) If a Participant fails to properly designate a Beneficiary or if
no designated Beneficiary survives the Participant, his undistributed Account shall be paid to the person or persons in the first of the following classes of successive preference beneficiaries surviving at the death of the Participant: (1) his
widow or widower, or (2) his estate. The Administrator shall decide which Beneficiary, if any, shall be validly designated, and the Administrator’s decision shall be binding and conclusive of all persons. 
 4.4 Incapacity. If the Company shall receive evidence satisfactory to it that a Participant or Beneficiary entitled to receive any
benefit under the Plan is, at the time when such benefit becomes payable, a minor, or is physically or mentally incompetent to receive such benefit and to give a valid release thereof, and that another person or an institution is then maintaining or
has custody of such Participant or Beneficiary, and that no guardian, committee or other representative of the estate of such Participant or Beneficiary shall have been duly appointed, payment of such benefit otherwise payable to such Participant or
Beneficiary may be made to such other person or institution, including a custodian under a Uniform Gifts to Minors Act, or corresponding legislation (who shall be an adult, a guardian of the minor or a trust company), and the release of such other
person or institution shall be a valid and complete discharge for such payment. 
 ARTICLE V 
 ADMINISTRATION 
 5.1
Administrative Authority. Except as provided herein, the Board shall be the Administrator and shall have the sole responsibility for the control, operation and administration of the Plan, and shall have the power, authority and
discretion to take all actions and to make all decisions and interpretations which it shall determine to be necessary or appropriate in order to administer and operate the Plan, including the power to (i) resolve and determine all disputes or
questions arising under the Plan, including the power to determine the rights of Participants and Beneficiaries, and their respective benefits, and to remedy any ambiguities, inconsistencies or omissions in the Plan; (ii) adopt such rules and
regulations which, in its sole and absolute discretion, may be necessary or appropriate for the proper and efficient administration of the Plan; (iii) implement the Plan in accordance with its terms and such rules and regulations as may be
adopted; (iv) notify the Participants of any amendment or termination of, or change in, any benefits available under the Plan; and (v) prescribe such forms as may be required for Directors to make elections under, and otherwise participate
in, the Plan. The Administrator shall have the sole and absolute discretion to interpret and construe the terms of the Plan. 
 5.2
Conclusive Decisions. The determination of the Administrator on any matter pertaining to the Plan within the powers and discretion granted to it shall be final, binding and conclusive on all Participants, Beneficiaries and all other
persons dealing in any way or capacity with the Plan; provided, however, in relation to any action involving the interpretation or application of the terms of the Plan for claims arising in connection with or following a Change in Control, the court
or other reviewing entity shall review the interpretations, decisions and actions of the Administrator de novo. 
  

 -5- 

 5.3 Duties of Administrator. 
 (a) The Administrator may appoint persons or firms, or otherwise act to secure specialized advice or assistance as it deems necessary or desirable in
connection with the administration and operation of the Plan, and the Administrator shall be entitled to rely conclusively upon, and shall be fully protected in any action or omission taken by it in good faith reliance upon the advice or opinion of
such firms or persons. 
 (b) The Administrator shall have the power and authority to delegate from time to time by written instrument all or
any part its duties, powers or responsibilities under the Plan, both ministerial and discretionary, as it deems appropriate, to any person, and in the same manner to revoke any such delegation of duties, powers or responsibilities. Any action of
such person in the exercise of such delegated duties, powers or responsibilities shall have the same force and effect for all purposes hereunder as if such action had been taken by the Administrator. Further, the Administrator may authorize one or
more persons to execute any certificate or document on behalf of the Administrator, in which event any person notified by the Administrator of such authorization shall be entitled to accept and conclusively rely upon any such certificate or document
executed by such person as representing action by the Administrator until such third person shall have been notified of the revocation of such authority. The Administrator shall not be liable for any act or omission of any person to whom the
Administrator’s duties, powers or responsibilities have been delegated, nor shall any person to whom any duties, powers or responsibilities have been delegated have any liabilities with respect to any duties, powers or responsibilities not
delegated to him. 
 5.4 Standard of Care. All representatives of the Board and the Administrator shall use ordinary
care and diligence in the performance of their duties pertaining to the Plan, but no such individual shall incur any liability: (i) by virtue of any contract, agreement, bond or other instrument made or executed by him or on his behalf in his
official capacity with respect to the Plan; (ii) for any act or failure to act, or any mistake or judgment made, in his official capacity with respect to the Plan, unless it is the result of his gross negligence or willful misconduct; or
(iii) for the neglect, omission or wrongdoing of any other person involved with the Plan. The Company shall indemnify and hold harmless each such individual who is an employee or Director of the Company from the effects and consequences of his
acts, or from omissions and conduct in his official capacity with respect to the Plan, except to the extent that such effects and consequences shall result from his own willful misconduct or gross negligence. If any matter arises as to which an
individual is entitled to indemnity hereunder, the individual shall give the Company prompt written notice thereof. The Company, at its own expense, shall then take charge of the disposition of the asserted liability, including the compromise or the
conduct of litigation. The indemnitee may, at his own expense, retain his own counsel and share in the conduct of any such litigation, but the failure to do so shall not adversely affect his right to indemnity. 
 5.5 Expenses. Expenses incurred in the administration and operation of the Plan shall be paid by the Company. 
 5.6 Attorney Fees. If a Participant’s service as a Director for the Company terminates on or after a Change in Control and the
Company does not pay deferred amounts credited to such Participant’s Account when they are due, the Company shall pay the Participant’s reasonable attorneys’ fees to enforce such Participant’s rights under the Plan if the
deferred amounts are not paid within 60 days after the Participant’s written demand for payment. 
 5.7
Section 409A. The provisions of this Plan and all deferral elections made hereunder shall be administered, interpreted and construed in a manner necessary in order to comply with Section 409A or an exception thereto (or
disregarded to the extent such provision cannot be so administered, 

  

 -6- 

 
interpreted or construed). It is intended that distribution events authorized under this Plan qualify as a permissible distribution events for purposes of
Section 409A, and this Plan shall be interpreted and construed accordingly in order to comply with Section 409A. The Company reserves the right to accelerate, delay or modify distributions to the extent permitted under Section 409A.

 ARTICLE VI 
 AMENDMENTS, TERMINATION AND MERGER 
 6.1 Amendments and Termination. 
 (a) The Board reserves the right to modify, amend, discontinue or terminate the Plan either retroactively or prospectively at any time;
provided, however, that no modification, amendment, discontinuance or termination shall adversely affect the rights of a Participant to vested amounts credited to his Account before such modification, amendment, discontinuance or
termination; provided, further, termination of the Plan shall not be a distribution event under the Plan unless otherwise permitted under Section 409A or other applicable law. Notwithstanding the foregoing or any provision of this
Plan to the contrary, that the Company may, in its sole discretion and without the Director’s consent, modify or amend the terms of the Plan or a Deferral Agreement, or take any other action it deems necessary or advisable, to cause the Plan to
comply with Section 409A (or an exception thereto). Notice of every such modification, amendment, discontinuance or termination shall be given in writing to each affected Participant. In the case of a termination of the Plan, any vested amounts
credited to the Account of a Participant shall be distributed in full in the form of a single lump sum payment as soon as reasonably practicable following such termination. 
 6.2 Consolidation, Merger or Other Transactions of Company. Nothing in this Plan shall prevent the consolidation, merger,
reorganization or liquidation of the Company, or prevent the sale by the Company of any or all of its property. Any successor corporation or other entity formed and resulting from any such transaction shall have the right to become a party to this
Plan by adopting the same. If, within 180 days from the effective date of such transaction, such new entity does not become a party to this Plan as above provided, this Plan shall be terminated automatically; provided, however, termination of the
Plan shall not be a distribution event under the Plan unless otherwise permitted under Section 409A or other applicable law. 
 ARTICLE VII 
 MISCELLANEOUS 
 7.1 Limitations on Liability of Company. None of the establishment of the Plan, any modification thereof, the creation of any Account, or the payment of any benefits, shall be construed as giving
to any Participant, Beneficiary or other person any legal or equitable right against the Company, or any person connected therewith, except as provided by law or by a specific Plan provision. 
 7.2 Governing Law. The laws of the State of Delaware shall govern, control and determine a questions arising with respect to the
Plan and the interpretation and validity of its respective provisions. 
 7.3 No Guarantee of Service. Participation in
the Plan does not give any person any right to continue as a Director of the Company. 
  

 -7- 

 7.4 Spendthrift Provision. 
 (a) No amount payable under the Plan shall be subject in any manner to anticipation, alienation, attachment, garnishment, sale, transfer, assignment
(either at law or in equity), levy, execution, pledge, encumbrance, charge or any other legal or equitable process, and any attempt to do so shall be void; nor shall any benefit be in any manner liable for or subject to the debts, contracts,
liabilities, engagements or torts of the person entitled thereto. The foregoing shall not preclude any arrangement for the recovery by the Plan of overpayments of benefits previously made to a Participant or Beneficiary, or the direct deposit of
benefit payments to an account in a banking institution (if not part of an arrangement constituting an assignment or alienation). 
 (b) In
the event that any Participant’s benefits are garnished or attached by order of court, the Company may bring an action for a declaratory judgment in a court of competent jurisdiction to determine the proper recipient of the benefits to be paid
by the Plan. During the pendency of said action, any benefits that become payable shall be paid into the court as they become payable, to be distributed by the court to the recipient it deems proper at the close of said action. 
 7.5 Tax Treatment. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to
create any right or expectation of any Participant, Beneficiary or any other person entitled to any benefit under this Plan to any particular tax consequences with respect to any amounts deferred, credited to an Account or paid under this Plan.
Notwithstanding any provision of the Plan to the contrary, in no event shall the Administrator (or any member thereof) or the Company or its affiliates (or the employees, officers or directors of the Company or its affiliates) have any liability
to any Participant (or any other person) due to the failure of the Plan to satisfy the requirements of Section 409A or any other applicable law. 
 7.6 Funding. 
 (a) The obligation of the Company to pay benefits under this Plan shall
be interpreted solely as an unsecured, unfunded, contractual obligation to pay only those amounts described in Article III in the manner, at the times and under the conditions prescribed under the terms of the Plan, and the Company shall have no
obligation to fund, secure or obtain any third-party guarantee of those benefits. If any assets are set aside to provide for benefits payable under the Plan, such assets shall be subject to the claims of the Company’s general creditors, and no
person other than the Company shall, by virtue of the provisions of the Plan or any other agreement, have any interest in such assets. 
 (b)
The Company may, in its discretion, make contributions to a trust to be invested and utilized to pay benefits under the Plan. If a trust (the “Trust”) is created by the Company, the following provisions of this Section 7.6 shall
apply. 
 (c) An amount equal to each Participant’s deferred fees and any Earnings thereon, determined under Article III, may, in the
discretion of the Company and subject to the terms of the Trust, be transferred to the Trust to be held pursuant to the terms thereof. The assets of the Trust shall be subject to the claims of the Company’s creditors and shall be maintained
pursuant to a separate trust document (“Trust Agreement”) conforming to the terms of the model trust described in Revenue Procedure 92-64. 
 (d) Any payment required to be made under this Plan to a Participant or a Beneficiary shall be paid by the trustee of the Trust (the “Trustee”) to the extent of the assets held in the Trust by the Trustee,
and by the Company to the extent the assets in the Trust are insufficient to pay such amount. 
  

 -8- 

 (e) The Company may direct the Trustee to invest the Trust assets in any investment that it deems
appropriate, including common stock of the Company, subject to the terms of the Trust Agreement. 
 7.7 Account Statements.
Periodically, as determined by the Company in its sole and absolute discretion, each Participant shall receive a statement indicating the amounts credited to and distributed from his Account. 
 IN WITNESS WHEREOF, this Plan amended and restated as of December 4, 2007 is executed on March 20, 2008. 
  

			
	CONSOL ENERGY INC.
		
	By:	 	 /s/ William J. Lyons

		 	William J. Lyons
		 	 Executive Vice President and
 Chief Financial Officer

  

 -9- 

 EXHIBIT 1 
 CONSOL ENERGY INC. 
 DIRECTORS’ DEFERRED FEE PLAN 
 DEFERRAL AGREEMENT 
 Pursuant to the
CONSOL Energy Inc. Directors’ Deferred Fee Plan (the “Plan”), I hereby elect to defer receipt of the fees noted below which, absent this Deferral Agreement, I would become entitled to receive in the future. (Check Only One Box for
Each Section Below:) 
  

	 	A	ANNUAL RETAINER FEE ELECTION (CHOOSE ONLY ONE): 

  

	 	 ̈	I hereby elect to defer [    %] [$            ] of my annual retainer fees for the Plan
Year. The minimum election amount is $10,000 per Plan Year. 

 OR 
  

	 	 ̈	I hereby elect NOT to defer any of my annual retainer fees for the Plan Year. 

  

	 	B	DISTRIBUTION ELECTION: 

 I understand that my
deferral account will be distributed, subject to the terms of the Plan, in a single sum as soon as administratively feasible following the earlier of: (i) my Separation from Service, or (ii) the date I elect below which must be at least
two (2) years after the end of the Plan Year for which the fees are deferred. 
 (Check a Box Below If You Choose to Specify a
Distribution Date and Select the Date You Want to Elect.) 
 I hereby elect to the following distribution date (CHOOSE ONLY ONE):

  

	 	 ̈	[                    , 20    ]; OR

  

	 	 ̈	[     years after the date of this Deferral Agreement]. 

 I understand that my election is subject to all the terms and conditions of the Plan and that my election hereunder is irrevocable with respect to any payments due for a Plan Year. Capitalized terms not otherwise
defined herein shall have the meaning ascribed thereto under the Plan. 
  

							
	Received and agreed to by CONSOL Energy Inc.:	    	DIRECTOR:
				
	By:	 	  
	    	By:	 	  

				
	Date:	 	  
	    	Date:	 	  

 NON-COMMUNITY PROPERTY STATES 
 EXHIBIT 2 
 CONSOL ENERGY INC. 
 DIRECTORS’ DEFERRED FEE PLAN 
 BENEFICIARY DESIGNATION FORM 

 Name of Participant:                                 
                                        
                                        
                                        
                                        
                         
 Please complete this form, as indicated below. Unless you indicate otherwise, all benefits will be payable in equal shares if more than one primary or secondary beneficiary is listed. 
 PRIMARY BENEFICIARIES: I hereby designate the following as my primary beneficiary(ies) to receive any benefits payable on account of my
death under the Plan: 
  

							
	Full Name	 	Birthdate	 	Relationship	 	Percent of Distribution
				
	  
	 	  
	 	  
	 	  

 I understand that if at the time of my death the sum of the percentages payable as indicated above
does not equal 100%, the percentage share of each designated person who survives me will be proportionately adjusted so that the sum of their percentages will equal 100%. 
 SECONDARY BENEFICIARIES: If all the primary beneficiaries designated by me above die before the complete payment of my benefits, or, if not natural persons, no longer legally exist at my death, I hereby
designate the following as my secondary beneficiary(ies) to receive any benefits payable on account of my death under the Plan: 
  

							
	Full Name	 	Birthdate	 	Relationship	 	Percent of Distribution
				
	  
	 	  
	 	  
	 	  

 I understand that if at the time of my death the sum of the percentages payable as indicated above
does not equal 100%, the percentage share of each designated person who survives me will be proportionately adjusted so that the sum of their percentages will equal 100%. 
 VALIDITY 
 I understand that this designation is valid only if it is filed with the
Administrator before my death and that, if this designation is valid under the Plan, all designations that I filed before this one will be REVOKED. This designation will remain in full force and effect unless and until a new Beneficiary Designation
Form is filed with the Administrator in writing and duly dated and signed. 
  

					
	 Date:
	 	  
	  	  

		 		  	Participant’s Signature

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