Document:

<PAGE>

                                                                   EXHIBIT 10.9

                             MASSEY ENERGY COMPANY

           1997 MASSEY ENERGY COMPANY STOCK APPRECIATION RIGHTS PLAN

             As amended and restated, effective November 30, 2000
<PAGE>

                                   ARTICLE I
                                  DEFINITIONS

Sec. 1.1  DEFINITIONS

As used herein, the following terms shall have the meanings hereinafter set
forth unless the context clearly indicates to the contrary:

     (a)  "Change of Control" of the Company shall be deemed to have occurred
          if, (i) a third person, including a "group" as defined in Section
          13(d)(3) of the Securities Exchange Act of 1934, acquires shares of
          the Company having twenty five percent or more of the total number of
          votes that may be cast for the election of directors of the Company;
          or (ii) as the result of any cash tender or exchange offer, merger or
          other business combination, or any combination of the foregoing
          transactions (a "Transaction"), the persons who were directors of the
          Company before the Transaction shall cease to constitute a majority of
          the Board of the Company or any successor to the Company.

     (b)  "Board" shall mean the Board of Directors of the Company.

     (c)  "Committee" shall mean the Compensation Committee of the Board.

     (d)  "Company" shall mean Massey Energy Company.

     (e)  "Fair Market Value" shall mean the average of the highest price and
          the lowest price per share at which the Stock is sold in the regular
          way on the New York Stock Exchange on the day such value is to be
          determined hereunder or, in the absence of any reported sales on such
          day, the first preceding day on which there were such sales.

     (f)  "Grantee" shall mean an employee to whom Rights have been granted
          hereunder.

     (g)  "Plan" shall mean the 1997 Massey Energy Company Stock Appreciation
          Rights Plan as amended and restated, effective November 30, 2000, the
          terms of which are set forth herein.

     (h)  "Rights" shall mean Stock Appreciation Rights granted as provided
          herein.

     (i)  "Stock" shall mean the common stock of the Company or, in the event
          that the outstanding shares of Stock are hereafter changed into or
          exchanged for shares of a different stock or securities of the Company
          or some other corporation, such other stock or securities.

     (j)  "Stock Appreciation Rights Agreement" shall mean the agreement between
          the Company and the Grantee evidencing the grant of Rights as provided
          herein.
<PAGE>

     (k)  "Subsidiary" shall mean any corporation, the majority of the
          outstanding capital stock of which is owned, directly or indirectly,
          by the Company.

                                  ARTICLE II
                                   THE PLAN

Sec. 2.1  NAME

This plan shall be known as the "1997 Massey Energy Company Stock Appreciation
Rights Plan". The Plan has been amended and restated, effective November 30,
2000.

Sec. 2.2  PURPOSE

The purpose of the Plan is to advance the interests of the Company and its
shareholders by providing eligible key management employees who can directly and
significantly influence the profits of the Company and therefore the market
value of its Stock a form of cash incentive compensation which is measured by
the desired increase in the market value of the Stock.

Sec. 2.3  EFFECTIVE DATE AND DURATION

The Plan shall become effective upon its adoption by the Board.  The Rights
granted hereunder must be granted within ten years from the effective date of
the Plan.

                                  ARTICLE III
                                 PARTICIPANTS

Sec. 3.1  ELIGIBILITY

Any officer or other key management employee of the Company or its Subsidiaries
shall be eligible to participate in the Plan; provided, however, that no member
of the Committee shall be eligible to participate.  The Committee may grant
Rights to any eligible employee in accordance with such determinations as the
Committee from time to time in its sole discretion shall make.

                                  ARTICLE IV
                                ADMINISTRATION

Sec. 4.1  DUTIES AND POWERS OF COMMITTEE

The Plan shall be administered by the Committee.  Subject to the express
provisions of the Plan, the Committee shall have sole discretion and authority
to determine from among eligible employees those to whom and the time or times
at which Rights may be granted, the number of Rights to be granted and the
period for the exercise of such Rights which need not be the same for each grant
hereunder. Subject to the express provisions of the Plan, the Committee shall
also have complete authority to interpret the Plan, to prescribe, amend and
rescind rules and regulations relating to it, to determine the details and
provisions of each Stock Appreciation Rights Agreement and to make all other
determinations necessary or advisable in the administration of the Plan.

                                       2
<PAGE>

Sec. 4.2  MAJORITY RULE

A majority of the members of the Committee shall constitute a quorum, and any
action taken by a majority present at a meeting at which a quorum is present or
any action taken without a meeting evidenced by a writing executed by a majority
of the whole Committee shall constitute the action of the Committee.

Sec. 4.3  COMPANY ASSISTANCE

The Company shall supply full and timely information to the Committee on all
matters relating to eligible employees, their employment, death, retirement,
disability or other termination of employment, and such other pertinent facts as
the Committee may require.  The Company shall furnish the Committee with such
clerical and other assistance as is necessary in the performance of its duties.

                                   ARTICLE V
                            RIGHTS SUBJECT TO PLAN

Sec. 5.1  LIMITATIONS

Subject to adjustment pursuant to the provisions of Section 5.2 hereof, the
number of Rights which may be granted hereunder shall not exceed 2,000,000.
Rights granted hereunder which have been exercised as provided in Section 6.4
hereof shall not again be available for grant hereunder.  If Rights granted
hereunder shall expire, terminate or be canceled for any reason prior to being
wholly exercised, new grants may be made hereunder with respect to the number of
Rights to which such expiration, termination or cancellation relates.

Sec. 5.2  ANTIDILUTION

In the event that the outstanding shares of Stock hereafter are changed into or
exchanged for a different number or kind of shares or other securities of the
Company or of another corporation by reason of merger, consolidation, other
reorganization, recapitalization, reclassification, combination of shares, stock
splitup or stock dividend,

     (a)  the aggregate number of Rights which may be granted hereunder shall be
          adjusted appropriately;

     (b)  outstanding Rights granted hereunder, both as to number and value,
          shall be adjusted appropriately; and

     (c)  where dissolution or liquidation of the Company or any merger or
          combination in which the Company is not a surviving corporation is
          involved, each outstanding Right granted hereunder shall terminate,
          but the Grantee shall have the right, immediately prior to such
          dissolution, liquidation, merger or combination, to exercise his
          Rights in full, without regard to any installment exercise provisions,
          to the extent that such Rights shall not have been exercised.

                                       3
<PAGE>

The foregoing adjustments and the manner of application of the foregoing
provisions shall be determined solely by the Committee, and any such adjustment
may provide for the elimination of fractional Rights.

                                  ARTICLE VI
                         GRANT AND EXERCISE OF RIGHTS

Sec. 6.1  RIGHTS GRANTS AND AGREEMENTS

Rights shall be granted by the Committee and the date of the grant shall be the
date of such Committee action.  Each grant shall be evidenced by minutes of a
meeting or the written consent of the Committee and by a written Stock
Appreciation Rights Agreement dated as of the date of the grant and executed by
the Grantee and the Company, which Agreement shall set forth such terms and
conditions as may be determined by the Committee consistent with the Plan.

Sec. 6.2  RIGHTS VALUE

The value of each Right granted hereunder shall be determined by the Committee,
but said value shall not be less than the Fair Market Value of the Stock on the
date said Right is granted.

Sec. 6.3  RIGHTS PERIOD

The period for the exercise of each Right granted hereunder shall be determined
by the Committee, but in no instance shall such period exceed ten years from the
date of grant.

Sec. 6.4  RIGHTS EXERCISE

     (a)  Rights granted hereunder may not be exercised unless and until the
          Grantee shall have been or remained in the employ of the Company or
          its Subsidiaries for one year from and after the date of grant of such
          Rights, except as otherwise provided in Section 6.7 hereof.

     (b)  Rights granted hereunder may be exercised with respect to whole Rights
          only, in such number and within the periods permitted for the exercise
          thereof as determined by the Committee, and shall be exercised by
          written notice of intent to exercise with respect to a specified
          number of Rights delivered to the Company at its principal office in
          the State of California.

Sec. 6.5  PAYMENT FOR RIGHTS EXERCISED

Within 30 days after Rights have been exercised in accordance with Section 6.4
hereof, the Company shall pay to the Grantee in cash an amount equal to (i) the
amount, if any, by which the Fair Market Value of the Stock on the date such
Rights are exercised exceeds the value of each such Right established in
accordance with Section 6.2 hereof multiplied by (ii) the number of Rights
exercised, less all applicable federal and state withholding or other employment
taxes applicable to the taxable income of such Grantee resulting from such
exercise.  In the event of the death of such Grantee before payment is made
hereunder, such payment shall be made to the executor or administrator of such
Grantee's estate.

                                       4
<PAGE>

Sec. 6.6  NONTRANSFERABILITY OF RIGHTS

No Rights granted hereunder shall be transferred by a Grantee otherwise than by
will or the laws of descent and distribution.  During the lifetime of a Grantee,
such Rights shall be exercisable only by him.

Sec. 6.7  EFFECT OF DEATH OR OTHER TERMINATION OF EMPLOYMENT

     (a)  If, prior to a date one year from the date on which Rights shall have
          been granted, the Grantee's employment with the Company or its
          Subsidiaries shall be terminated by the Company or Subsidiary with or
          without cause, or by the act of the Grantee, the Grantee's right to
          exercise such Rights shall terminate and all rights thereunder shall
          cease; provided, however, that if the Grantee shall die, retire or
          become permanently and totally disabled, as determined in accordance
          with applicable Company personnel policies, or if the Grantee's
          employment with the Company or its Subsidiaries shall be terminated
          within two years after a Change of Control of the Company and such
          termination occurs prior to a date one year from the date on which
          Rights shall have been granted, such Rights shall become exercisable
          in full on the date of such death, retirement, disability or
          termination of employment.

     (b)  if, on or after one year from the date on which Rights shall have been
          granted, a Grantee's employment with the Company or its Subsidiaries
          shall be terminated for any reason other than death, retirement or
          permanent total disability, or within two years following a Change of
          Control of the Company, the Grantee shall have the right, during the
          period ending three months after such termination, to exercise such
          Rights to the extent that they were exercisable at the date of such
          termination and shall not have been exercised, subject, however, to
          the provisions of Section 6.3 hereof.

     (c)  Upon termination of a Grantee's employment with the Company or its
          Subsidiaries by reason of retirement or permanent total disability; as
          determined in accordance with applicable Company personnel policies,
          or within two years following a Change of Control of the Company, such
          Grantee shall have the right, during the period ending three years
          after such termination, to exercise his Rights in full, without regard
          to any installment exercise provisions, to the extent that they shall
          not have been exercised, subject, however, to the provisions of
          Section 6.3 hereof.

     (d)  If a Grantee shall die (i) while in the employ of the Company or its
          Subsidiaries, or (ii) within three months after termination of
          employment where such termination did not occur either by reason of
          retirement or permanent total disability or within two years
          following a Change of Control of the Company, or (iii) within three
          years after termination of employment where such termination occurred
          either by reason of retirement or permanent total disability or within
          two years following a Change of Control of the Company, the executor
          or administrator of the estate of the decedent or the person or
          persons to whom

                                       5
<PAGE>

          Rights granted 'hereunder shall have been validly transferred by the
          executor or the administrator pursuant to will or the laws of descent
          and distribution shall have the right, during the period ending three
          years after the date of the Grantee's death, to exercise the Grantee's
          Rights (A) in full, without regard to any installment exercise
          provisions, to the extent that they shall not have been exercised, if
          the Grantee shall have died while in the employ of the Company or its
          Subsidiaries or within three years after termination of employment
          where such termination occurred either by reason of retirement or
          permanent total disability or within two years following a Change of
          Control of the Company, or (B) to the extent that they were
          exercisable at the date of the Grantee's death and shall not have been
          exercised, if the Grantee shall have died within three months after
          termination of employment where such termination did not occur by
          reason of either retirement or permanent total disability or within
          two years following a Change of Control of the Company, subject,
          however, to the provisions of Section 6.3 hereof.

     (e)  No transfer of Rights by a Grantee by will or by the laws of descent
          and distribution shall be effective to bind the Company unless the
          Company shall have been furnished with written notice thereof and an
          authenticated copy of the will and/or such other evidence as the
          Committee may deem necessary to establish the validity of the transfer
          and the acceptance by the transferee or transferees of the terms and
          conditions of such Rights.

     (f)  The foregoing notwithstanding, the Committee may elect, in its sole
          discretion, to make grants of Rights which have provisions regarding
          the effect of death or other termination of employment which are
          different than those set forth in paragraphs (a) through (d) of this
          Section 6.7, provided that such provisions do not materially increase
          the benefits that would otherwise accrue to a Grantee under paragraphs
          (a) through (d) of this Section 6.7.

Sec. 6.8  NO RIGHTS AS SHAREHOLDER

Nothing herein contained shall be deemed to give any Grantee any rights as a
shareholder of the Company.

                                  ARTICLE VII
                TERMINATION, AMENDMENT AND MODIFICATION OF PLAN

Sec. 7.1  TERMINATION, AMENDMENT AND MODIFICATION OF PLAN

The Board may at any time, upon recommendation of the Committee, terminate, and
may at any time and from time to time and in any respect amend or modify, the
Plan; provided, however, that no termination, amendment or modification of the
Plan shall in any manner affect any Rights theretofore granted under the Plan
without the consent of the Grantee.

                                 ARTICLE VIII
                                 MISCELLANEOUS

                                       6
<PAGE>

Sec. 8.1  EMPLOYMENT

Nothing in the Plan or in any Rights granted hereunder or in any Stock
Appreciation Rights Agreement relating thereto shall confer upon any employee
the right to continue in the employ of the Company or any Subsidiary.

Sec. 8.2  OTHER COMPENSATION PLANS

The adoption of the Plan shall not affect any stock option or incentive or other
compensation plans in effect for the Company or any Subsidiary, nor shall the
Plan preclude the Company from establishing any other forms of incentive or
other compensation for employees of the Company or any Subsidiary.

Sec. 8.3  PLAN BINDING ON SUCCESSORS

The Plan shall be binding upon the successors and assigns of the Company.

Sec. 8.4  SINGULAR, PLURAL; GENDER

Whenever used herein, nouns in the singular shall include the plural, and the
masculine pronoun shall include the feminine gender.

Sec. 8.5  HEADINGS, ETC., NO PART OF PLAN

Headings of Articles and Sections hereof are inserted for convenience and
reference; they constitute no part of the Plan.

                                       7<PAGE>

                                                                   Exhibit 10.10

                        A.T. MASSEY COAL COMPANY, INC.

                           SUPPLEMENTAL BENEFIT PLAN

                            Effective January 1, 1995
<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

                               TABLE OF CONTENTS
                               -----------------

<TABLE>
<CAPTION>
                                                                       Page
                                                                       ----
<S>                                                                    <C>
INTRODUCTION..........................................................    1

ARTICLE I          DEFINITIONS........................................    2

       1.01.   Actuarial Equivalent...................................    2
       1.02.   Affiliate..............................................    2
       1.03.   Beneficiary............................................    2
       1.04.   Board..................................................    2
       1.05.   Code...................................................    2
       1.06.   Committee..............................................    2
       1.07.   Company................................................    2
       1.08.   Credited Service.......................................    2
       1.09.   Disability or Disabled.................................    2
       1.10.   Eligible Employee......................................    2
       1.11.   Participant............................................    2
       1.12.   Pension Plan...........................................    3
       1.13.   Plan...................................................    3
       1.14.   Qualified Preretirement Survivor Annuity...............    3
       1.15.   Retirement and Retire..................................    3
       1.16.   Surviving Spouse or Spouse.............................    3

ARTICLE II         PARTICIPATION......................................    4

ARTICLE III        BENEFITS...........................................    5

       3.01.   Amount of Benefit......................................    5
       3.02.   Timing and Form of Payment.............................    5
       3.03.   Disability.............................................    6
       3.04.   Death Benefits.........................................    6

ARTICLE IV         GUARANTEES.........................................    7

ARTICLE V          TERMINATION OF EMPLOYMENT..........................    8

       5.01.   Termination of Employment..............................    8
       5.02.   Vesting................................................    8
       5.03.   Reemployment...........................................    8
</TABLE>

                                      -i-
<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

<TABLE>
<S>                                                                       <C>
ARTICLE VI         TERMINATION, AMENDMENT OR MODIFICATION OF PLAN......     9

        6.01.  Amendment or Termination................................     9
        6.02.  Notice Requirement......................................     9
        6.03.  Limitation on Amendment, Termination, etc...............     9
        6.04.  Effect of Plan Termination..............................     9

ARTICLE VII        OTHER BENEFITS AND AGREEMENTS.......................    10

ARTICLE VIII       RESTRICTIONS ON TRANSFER OF BENEFITS................    11

ARTICLE IX         ADMINISTRATION OF THE PLAN..........................    12

        9.01.  The Committee...........................................    12
        9.02.  Indemnification of the Committee........................    12
        9.03.  Powers of the Committee.................................    12
        9.04.  Information.............................................    12
        9.05.  Claims Procedure........................................    12

ARTICLE X          MISCELLANEOUS.......................................    13

        10.01. Binding Nature..........................................    13
        10.02. Governing Law...........................................    13
        10.03. Use of Masculine and Feminine; Singular and Plural......    13
        10.04. No Guarantee of Employment..............................    13

ARTICLE XI         ADOPTION............................................    14
</TABLE>

                                     -ii-
<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

                                 INTRODUCTION
                                 ------------

        The Board of Director of A.T. Massey Coal Company, Inc. has adopted the
Supplemental Benefit Plan effective January 1, 1995. The Board determined that
the adoption of the Plan would assist it in attracting and retaining those
employees whose judgment, abilities and experience will contribute to its
continued progress. The purpose of the Plan is to provide a benefit for those
employees whose benefits under the Company's Pension Plan are limited by the
application of sections 415 and 401(a)(17) of the Code and who are selected by
the Committee to participate in the Plan.

        The Plan is intended to be unfunded and maintained primarily for the
purpose of providing deferred compensation for a "select group of management or
highly compensated employees" (as such phrase is used in the Employee Retirement
Income Security Act of 1974). The Plan must be administered and construed in a
manner that is consistent with that intent.

                                      -1-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

                                   ARTICLE I

                                  DEFINITIONS
                                  -----------

      The following phrases or terms have the indicated meanings:

1.01. Actuarial Equivalent means a benefit of equivalent value based on the
      --------------------
factors and assumptions employed in determining actuarial equivalencies to the
normal form of benefit under the Pension Plan.

1.02. Affiliate means (i) any entity that is a member of a controlled group of
      ---------
corporations as defined in Code Section 1563(a), determined without regard to
Code sections 1563(a)(4) and 1563(e)(3)(c), of which the Company is a member
according to Code section 414(b); (ii) an unincorporated trade or business that
is under common control with the Company as determined according to Code section
414(c); or (iii) a member of an affiliated service group of which the Company is
a member according to Code section 414(m).

1.03. Beneficiary means the person, persons, entity, entities or the estate of a
      -----------
Participant, which in accordance with the provisions of the Pension Plan, is
entitled to receive benefits under the Pension Plan on account of the
Participant's death.

1.04. Board means the Board of Directors of A.T. Massey Coal Company, Inc.
      -----

1.05. Code means the Internal Revenue Code of 1986, as amended.
      ----

1.06. Committee means the Executive Benefit Committee appointed by the Board
      ---------
which shall, in accordance with the provisions of Article IX hereof, be
responsible for the management and administration of the Plan.

1.07. Company means A.T. Massey Coal Company, Inc.
      -------

1.08. Credited Service means a participant's years of credited service as
      ----------------
defined in section 1.16 of the Pension Plan.

1.09. Disability or Disabled shall have the same meanings such terms have under
      ----------    --------
the Pension Plan.

1.10. Eligible Employee means an individual who (i) is employed by the Company
      -----------------
or an Affiliate; (ii) is a member of management or is a highly compensated
employee; and (iii) whose Pension Plan benefits are limited by Code sections 415
or 401(a)(17) or both.

1.11. Participant means an Eligible Employee who is designated by the Committee
      -----------
to participate in the Plan in accordance with Article II. An individual shall
remain a Participant

                                      -2-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

only so long as the individual remains an Eligible Employee and his designation
as a Participant has not been revoked or rescinded.

1.12. Pension Plan means the Coal Company Employees' Pension Plan.
      ------------

1.13. Plan means the A.T. Massey Coal Company, Inc. Supplemental Benefit Plan.
      ----

1.14. Qualified Preretirement Survivor Annuity means the monthly benefit payable
      ----------------------------------------
to the Surviving Spouse, if any, on the death of a Participant prior to the
first day of the first month for which a benefit is payable under the Plan and
in the form described in the Pension Plan.

1.15. Retirement and Retire mean severance from employment with the Company or
      ----------     ------
an Affiliate on or after becoming eligible for early, normal or delayed
retirement under the Pension Plan; except as provided in Article V of the Plan.

1.16. Surviving Spouse or Spouse means the person to whom the Participant was
      ----------------    ------
legally married on his Retirement or death, if earlier.

                                      -3-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

                                  ARTICLE II

                                 PARTICIPATION
                                 -------------

        An Eligible Employee who is designated to participate in the Plan by the
Committee shall become a Participant in the Plan as of the date specified by the
Committee. A Participant shall continue to participate until such date as the
Committee may declare he is no longer a Participant or until the date that he is
no longer an Eligible Employee.

                                      -4-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

                                  ARTICLE III

                                   BENEFITS
                                   --------

3.01.   Amount of Benefit
        -----------------

        A Participant shall be entitled upon Retirement to a monthly Retirement
benefit payable as an annuity for the Participant's lifetime to the Participant
or his Beneficiary and which is equal to Actuarial Equivalent (determined as a
straight life annuity) of the difference between (a) and (b) below where:

        (a) equals the Pension benefit that would have been payable to the
Participant under the Pension Plan, but for the limits set forth in Code section
401(a)(17) and 415, if applicable, and

        (b) equals the benefit that the Participant is entitled to receive under
the Pension Plan.

3.02.   Timing and Form of Payment
        --------------------------

        (a) The payment of any benefit under this Article shall begin at the
time designated by the Committee (but in no event prior to the date on which the
Participant is first eligible to receive an actual payment of a retirement
benefit under the Pension Plan and not later than the latest date by which
payments must have commenced under the Pension Plan).

        (b) The benefit payable under this Article shall be computed and paid in
the manner designated by the Committee from time to time.

        (c) If the Committee has not designated the date as of which retirement
benefits are scheduled to begin under the Plan, then unless the Committee acts
to determine a different manner of payment the committee shall be deemed to have
made a designation that the Plan's benefit payments shall begin at the same time
as retirement benefits from the Pension Plan are scheduled to commence and shall
be payable to the Participant or the Beneficiary designated pursuant to the
Pension Plan for the same period and in the same form as the Participant's
retirement under the Pension Plan.

        (d) Benefits not payable in the normal form of benefit described in the
Pension Plan or commencing prior to what would have been the Participant's
normal retirement date under the Pension Plan, must be the Actuarial Equivalent
of the normal form of benefit and reduced to reflect early commencement based on
the factors and assumptions employed under the Pension Plan. Benefits payable
upon postponed retirement will be increased on an Actuarially Equivalent basis,
using the factors employed under the Pension Plan.

                                      -5-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

3.03.   Disability
        ----------

        If a Participant becomes Disabled prior to his Retirement and during his
employment with the Company or an Affiliate, he shall be entitled to receive a
benefit calculated and paid in the same manner as set forth in Plan sections
3.01 and 3.02 based on the years of Credited Service earned by the Participant
as of the date he becomes Disabled. Such benefit shall be payable at what would
have been the Participant's normal retirement date under the Pension Plan or as
of the date the Participant is first eligible for retirement under the Pension
Plan, if earlier.

3.04.   Death Benefits
        --------------

        (a) If a Participant dies prior to Retirement, and if he has attained a
vested or nonforfeitable interest in his Pension Plan benefit, the Participant's
Surviving Spouse will be entitled to receive a Qualified Preretirement Survivor
Annuity commencing on what would have been the Participant's earliest retirement
age under the Pension Plan. The amount of the Qualified Preretirement Survivor
Annuity will be calculated as set forth in Plan section 3.01 and 3.02 and based
on the years of Credited Service earned by the Participant as of his death.

        (b) If a Participant dies after benefit payments begin under the Plan,
benefits will be paid in accordance with the form of payment elected by the
Participant under the terms of the Pension Plan.

                                      -6-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

                                  ARTICLE IV

                                  GUARANTEES
                                  ----------

        The Company has only a contractual obligation to pay the benefits
described in Article III. All benefits are to be satisfied solely out of the
general corporate assets of the Company which shall remain subject to the claims
of its creditors. No assets of the Company will be segregated or committed to
the satisfaction of its obligations to any Participant or Beneficiary under this
Plan.

                                      -7-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                          Supplemental Benefit Plan
                          Effective January 1, 1995

                                   ARTICLE V

                           TERMINATION OF EMPLOYMENT
                           -------------------------

5.01.   Termination of Employment
        -------------------------

        Except as provided in section 5.02 below, a Participant who ceases to be
an Eligible Employee or whose employment with the Company and its Affiliates is
terminated either with or without cause, for reasons other than death,
Retirement or Disability shall immediately cease to be a Participant under this
Plan and shall forfeit all rights under this Plan. Further, except as provided
in section 5.02 below, in no event shall an individual who was a Participant but
is not a Participant at the time of such individual's death, Retirement or
Disability, be entitled to any benefit under the Plan. A Participant on
authorized leave of absence from the Company shall not be deemed to have
terminated employment or lost his status as an Eligible Employee for the
duration of such leave of absence.

5.02.   Vesting
        -------

        A Participant's right to a benefit under this Plan shall be fully vested
and nonforfeitable after the completion of five years of Credited Service.

5.03.   Reemployment
        ------------

        A Participant who ceases to be an employee of the Company and who is
subsequently reemployed by the Company shall not accrue any additional benefits
on account of such later service for periods in which he is not a Participant.

                                      -8-

<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

                                   ARTICLE VI

                TERMINATION, AMENDMENT OR MODIFICATION OF PLAN
                ----------------------------------------------

6.01.   Amendment or Termination
        ------------------------

        Except as otherwise specifically provided, the Company reserves the
right to terminate, amend or modify this Plan, wholly or partially, at any time
and from time to time. Such right to terminate, amend or modify the Plan shall
be exercised by the Board.

6.02.   Notice Requirement
        ------------------

        (a) Plan section 6.01 notwithstanding, no action to terminate the Plan
shall be taken except upon written notice to each Participant to be affected
thereby, which notice shall be given not less than thirty (30) days prior to
such action.

        (b) Any notice which shall be or may be given under the Plan shall be in
writing and shall be mailed by United States mail, postage prepaid. If notice is
to be given to the Company such notice shall be addressed to it at 4 North
Fourth Street, Richmond, Virginia 23219; addressed to the attention of the
Senior Vice President and General Counsel. If notice is to be given to a
Participant, such notice shall be addressed to the Participant's last known
address.

6.03.   Limitation on Amendment, Termination, etc.
        ------------------------------------------

        The rights of the Company set forth in Plan section 6.01 are subject to
the condition that the Board or its delegate shall take no action to terminate
the Plan or decrease the benefit that has commenced prior to the effective date
of the amendment or termination or would become payable if the Participant
terminated for any reason (other than for cause) including death, on such
effective date.

6.04.   Effect of Plan Termination
        --------------------------

        Except as provided in Plan sections 6.01 and 6.03 and in the following
sentence, upon the termination of this Plan by the Board, the Plan shall no
longer be of any further force or effect, and neither the Company, any Affiliate
nor any Participant shall have any further obligation or right under this Plan.
Likewise, the rights of any individual who was a Participant and whose
designation as a Participant is revoked or rescinded by the Committee shall
cease upon such action except with respect to benefits that have accrued for
such individual as of the date of revocation or rescission, provided that such
individual has satisfied the requirement of Plan section 5.02 at the time of
revocation or rescission.

                                      -9-
<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

                                  ARTICLE VII

                         OTHER BENEFITS AND AGREEMENTS
                         -----------------------------

        The benefits provided for a Participant and his Beneficiary under the
Plan are in addition to any other benefits available to such Participant under
any other plan or program of the Company for its employees, and, except as may
otherwise be expressly provided for, the Plan shall supplement and shall not
supersede, modify or amend any other plan or program of the Company in which a
Participant is participating.

                                     -10-
<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

                                  ARTICLE VIII

                      RESTRICTIONS ON TRANSFER OF BENEFITS
                      ------------------------------------

        No right or benefit under the Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to
do so shall be void. No right or benefit hereunder shall in any manner be liable
for or subject to the debts, contracts, liabilities, or torts of the person
entitled to such benefit. If any Participant or Beneficiary under the Plan
should become bankrupt or attempt to anticipate, alienate, sell, assign, pledge,
encumber or charge any right to a benefit hereunder, then such right or benefit,
in the discretion of the Committee, shall cease and terminate, and, in such
event, the Committee may hold or apply the same or any part thereof for the
benefit of such Participant or Beneficiary, his or her spouse, children, or
other dependents, or any of them, in such manner and in such portion as the
Committee may deem proper.

                                     -11-
<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

                                   ARTICLE IX

                           ADMINISTRATION OF THE PLAN
                           --------------------------

9.01.   The Committee
        -------------
        The Plan shall be administered by the Committee. Subject to the
provisions of the Plan, the Committee may adopt such rules and regulations as
may be necessary to carry out the purposes hereof. The Committee's
interpretation and construction of any provision of the Plan shall be final and
conclusive.

9.02.   Indemnification of the Committee
        --------------------------------

        The Company shall indemnify and save harmless each member of the
Committee against any and all expenses and liabilities arising out of membership
on the Committee, excepting only expenses and liabilities arising out of a
member's own willful misconduct. Expenses against which a member of the
Committee shall be indemnified hereunder shall include without limitation, the
amount of any settlement or judgment, costs, counsel fees, and related charges
reasonably incurred in connection with a claim asserted, or a proceeding brought
or settlement thereof. The foregoing right of indemnification shall be in
addition to any other rights to which any such member may be entitled.

9.03.   Powers of the Committee
        -----------------------

        In addition to the powers hereinabove specified, the Committee shall
have the power to compute and certify the amount and kind of benefits from time
to time payable to Participants and their Beneficiaries under the Plan, to
authorize all disbursements for such purposes, and to determine whether a
Participant is entitled to a benefit under the Plan.

9.04.   Information
        -----------

        To enable the Committee to perform its functions, the Company shall
supply full and timely information to the Committee on all matters relating to
the compensation of all Participants, their retirement, death or other cause for
termination of employment, and such other pertinent facts as the Committee may
require.

9.05.   Claims Procedure
        ----------------

        The benefit claims review procedure set forth in the Pension Plan, as
amended from time to time, is incorporated herein by reference and made
applicable to the Plan.

                                     -12-
<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

                                   ARTICLE X

                                 MISCELLANEOUS

10.01.  Binding Nature
        --------------

        The Plan shall be binding upon the Company, any participating Affiliates
and its successors and assigns; subject to the powers set forth in Article VI,
and upon a Participant, his or her Beneficiary, and either of their assigns,
heirs, executors and administrators.

10.02.  Governing Law
        -------------

        To the extent not preempted by federal law, the Plan shall be governed
and construed under the laws of the Commonwealth of Virginia (including its
choice of law rules, except to the extent those rules would require the
application of the law of a state other than Virginia) as in effect at the time
of their adoption and execution, respectively.

10.03.  Use of Masculine and Feminine; Singular and Plural
        --------------------------------------------------

        Masculine pronouns wherever used shall include feminine pronouns and the
use of the singular shall include the plural.

10.04.  No Guarantee of Employment
        --------------------------

        The Plan does not in any way limit the right of the Company or an
Affiliate at any time and for any reason to terminate the Participant's
employment or such Participant's status as an Eligible Employee. In no event
shall the Plan, by its terms or by implication, constitute an employment
contract of any nature whatsoever between the Company or an Affiliate and a
Participant.

                                     -13-
<PAGE>

                        A.T. Massey Coal Company, Inc.
                           Supplemental Benefit Plan
                           Effective January 1, 1995

                                   ARTICLE XI

                                    ADOPTION
                                    --------

        The Company has adopted this Plan pursuant action taken by the Board.

        As evidence of its adoption of the Plan, A.T. Massey Coal Company, Inc.
has caused this document to be signed by its Senior V.P. and General Counsel,
                                             -------------------------------
this 13/th/ day of September, 1995, effective January 1, 1995.
     ------        ---------

                                  A.T. MASSEY COAL COMPANY, INC.

                                  By: /s/ James L. Gardner
                                      -----------------------------------------
                                      Senior Vice President and General Counsel

                                     -14-
<PAGE>

                                   EXHIBIT I

              PARTICIPANTS IN THE A.T. MASSEY COAL COMPANY, INC.
                           SUPPLEMENTAL BENEFIT PLAN
<PAGE>

                                   EXHIBIT I

         ADDITIONAL PARTICIPANTS IN THE A.T. MASSEY COAL COMPANY, INC.
                           SUPPLEMENTAL BENEFIT PLAN
<PAGE>

                                   EXHIBIT 1

         ADDITIONAL PARTICIPANTS IN THE A.T. MASSEY COAL COMPANY, INC.
                           SUPPLEMENTAL BENEFIT PLAN

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