Document:

Exhibit 10.12

 Exhibit 10.12 
 EMPLOYMENT AGREEMENT 
 AS AMENDED AND RESTATED 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”), originally effective as of May 25, 2006 (the “Effective Date”), is amended and
restated on December 23, 2008 between Massey Energy Company, a Delaware corporation (the “Company”), and Michael K. Snelling (the “Executive”). This Agreement amends, restates and supersedes the employment agreement between the
Company and the Executive effective as of the Effective Date (the “Original Agreement”). 
 WITNESSETH: 
 WHEREAS, Executive is a senior executive of the Company or one of its Subsidiaries (as defined in Section 25) and has made and is expected to
continue to make major contributions to the short-term and long-term profitability, growth and financial strength of the Company; and 
 WHEREAS, the Board of Directors of the Company (the “Board,” as defined in Section 25) recognized that, as is the case with many publicly held corporations, the possibility of a Change in Control (as defined in
Section 25) exists and consequently entered into a Change in Control Severance Agreement dated May 25, 2006 with the Executive, which the Company and the Executive amended and restated effective January 1, 2009 (the “Change in Control
Agreement”); and 
 WHEREAS, the Board determined that Executive should be provided with certain employment rights during his continued
employment prior to the generally applicability of the Change in Control Agreement, as well as certain severance rights in the event his employment ends under circumstances where the Change in Control Agreement is inapplicable; and 
 WHEREAS, the Board determined that Executive will not be entitled to payments and benefits under the Original Agreement and the Change in Control
Agreement with respect to the same set of circumstances and that it is desirable to provide for appropriate coordination, without duplication, of payment and benefit rights in the event Executive becomes entitled to payments or benefits pursuant to
the Original Agreement and at the same time is entitled to payments and benefits under the Change in Control Agreement; and 
 WHEREAS, in
consideration of Executive’s continued employment with the Company, the Company desired to provide Executive with certain compensation and benefits set forth in the Original Agreement in order to ameliorate the financial and career impact on
Executive in the event Executive’s employment with the Company is terminated for certain reasons prior to a Change in Control; and 
 WHEREAS, the Company and the Executive entered into the Original Agreement, effective as of the Effective Date; and 
 WHEREAS, the
Company and the Executive now desire to amend and restate the Original Agreement to reflect provisions of Section 409A of the Code and the final regulations issued thereunder, which amendment is to be effective as of the original Effective
Date. 

 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set
forth (including definitions of capitalized terms which are set forth in Section 25 and throughout this Agreement) and intending to be legally bound hereby, the Company and Executive agree as follows: 
 1. Employment. 
 (a)
Subject to the terms and conditions of this Agreement, the Company agrees to employ Executive during the term hereof as a senior executive of the Company or one of its Subsidiaries (as defined in Section 25). In such capacity, Executive shall
report to such person as the President and Chief Executive Officer of the Company shall determine, and shall have the customary powers, responsibilities and authorities of executives holding such positions in corporations of the size, type and
nature of the Company or Subsidiary which employs him, as it exists from time to time, and as are assigned by the President and Chief Executive Officer of the Company. 
 (b) Subject to the terms and conditions of this Agreement, Executive hereby accepts such employment originally commencing as of the
Effective Date and agrees, subject to any period of vacation and sick leave, to devote his full business time and efforts to the performance of services, duties and responsibilities in connection therewith. 
 2. Term of Agreement. 
 (a) Regular Term. The term of this Agreement (the “Term”) commenced on the Effective Date and shall continue until May 25, 2009. 
 (b) Termination of Agreement Upon a Change in Control. Notwithstanding the foregoing, this Agreement shall automatically terminate
if Executive is employed by the Company or any Subsidiary (as defined in Section 25) at the time a Change in Control occurs. 
 3.
Compensation. 
 (a) Salary. During the Term, the Company shall pay Executive a base salary (“Base
Salary”) at an annual rate of $320,000 effective as of June 1, 2006. Base Salary shall be payable in accordance with the ordinary payroll practices of the Company (but no less frequently than monthly). During the Term, the Board shall, in
good faith, review, at least annually, Executive’s Base Salary in accordance with the Company’s customary procedures and practices regarding the salaries of senior executives and may, if determined by the Board to be appropriate, increase,
but not decrease, Executive’s Base Salary following such review. “Base Salary” for all purposes herein shall be deemed to be a reference to any such increased amount. 
 (b) Annual Bonus. In addition to his Base Salary, during the Term, Executive shall be eligible to receive annual cash bonus awards
for fiscal years 2007, 2008 and 2009 of $185,000, which amount may be increased at the discretion of the Compensation Committee. Each annual cash bonus award shall be subject to the terms and conditions set forth by the Compensation Committee of the
Board for each fiscal year. Except as provided herein, the annual cash bonus awards shall be payable to Executive at the time bonuses are paid to other similarly situated executives of the Company and its Subsidiaries in accordance with the
Company’s policies and practices as set by the Board. 
  

 2 

 (c) Long-term Incentive Awards. During the Term, Executive shall be eligible to
receive long-term incentive awards as a Level 2 participant in the Company’s long-term incentive awards program. The long-term incentive awards shall be subject to the terms and conditions set forth by the Compensation Committee of the Board
for each long-term incentive period. Except as provided herein, long-term cash incentive awards shall be payable or shall vest, as the case may be, at the time such awards are paid or vest for similarly situated executives of the Company and its
Subsidiaries in accordance with the Company’s policies and practices as set by the Board. 
 (d) Existing Equity- and
Cash-Based Compensation. Any outstanding agreement made with Executive under the Company’s long-term cash and equity incentive program, including, stock option, restricted stock, restricted unit, other equity- or cash-based incentive awards
or other equity- or cash-based incentive agreements as of the Effective Date and the date hereof (the “Ancillary Documents”) shall remain in full force and effect and shall not be affected by this Agreement, except as set forth in
Section 6(c). 
 4. Employee Benefit Programs, Plans and Practices; Perquisites. The Company shall provide Executive while
employed hereunder with coverage under such employee benefit plans (commensurate with his position in the Company and to the extent permitted under any employee benefit plan) in accordance with the terms thereof, Directors and Officers insurance
policy, which covers claims arising out of actions or inactions occurring during the Term, in accordance with the Directors and Officers insurance policy, and other employee benefits which the Company may make available to other similarly situated
executives of the Company and its Subsidiaries from time to time in its discretion. The Company also shall provide Executive while employed hereunder with perquisites which the Company may make available to other similarly situated executives of the
Company and its Subsidiaries from time to time in its discretion. 
 5. Expenses. Subject to prevailing Company policy or such
guidelines as may be established by the Board, the Company will reimburse Executive for all reasonable expenses incurred by Executive in carrying out his duties no later than the last day of the year following the year in which the Executive incurs
the reimbursable expense. 
 6. Termination of Employment. 
 (a) Employment Rights. Executive and the Company acknowledge that, except as may otherwise be provided under this Agreement or any
other written agreement between Executive and the Company or a Subsidiary or as set forth in Section 6(b), the employment of Executive by the Company is “at will” and may be terminated by the Company without further compensation.
Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or Executive to have Executive remain in the employment of the Company or any Subsidiary. 
 (b) Termination in a Covered Termination. Executive shall be entitled to the payments provided in Section 6(c) on account of a
Covered Termination. A “Covered Termination” is the severance of Executive’s employment that occurs during the Term and prior to the occurrence of a Change in Control, under circumstances where Executive is not entitled to any
compensation, payment or benefit under the Change in Control Agreement and due to either (i) a termination by the Company other than for Cause (as defined in Section 25) and other than due to Executive’s death or Disability (as
defined in Section 25) or (ii) a termination by Executive for Good Reason (as defined in Section 25). 
  

 3 

 (c) Payments and Benefits Upon a Covered Termination. Subject to the provisions of
Sections 7, 8 and 9 hereof, in the event a Covered Termination described in Section 6(b) occurs, the Company shall pay or provide to Executive on or beginning, as applicable, the first business day that occurs following sixty (60) days
after his Termination Date (as defined in Section 25): 
 (i) a lump sum cash payment equal to Executive’s Base
Salary in effect on his Termination Date from the day following the Termination Date to the end of the Term, but in no event shall the aggregate amount of such payments exceed 2.5 times Executive’s Base Salary as of the Termination Date;

 (ii) a lump sum cash payment equal to Executive’s Retention Cash Awards (as defined in Section 25) that are
unpaid as of the Termination Date; 
 (iii) a lump sum cash payment
equal to the sum of (A) any earned annual cash bonus award for fiscal year 2006, 2007 or 2008 that is unpaid prior to Executive’s Termination Date (determined without regard to any requirement that Executive remain employed until the
regular payment date therefor) and (B) any and all target annual cash bonus awards for each of fiscal years 2006, 2007, and 2008 that has not ended prior to Executive’s Termination Date, plus five twelfths ( 5/12) of Executive’s target annual cash bonus award for fiscal year 2009. (For target annual cash bonus awards for 2007,
2008, or 2009 that have not been set as of the Termination Date, the target annual cash bonus awards for such year(s) shall be equal to Executive’s last target annual cash bonus award that has been set.); 
 (iv) a lump sum cash payment equal to the sum of (A) any earned long-term cash
incentive bonus award for a long-term performance period that contains, as a last year of measurement, fiscal year 2006, 2007 or 2008 and that has ended prior to Executive’s Termination Date that is unpaid as of the Termination Date (determined
without regard to any requirement that Executive remain employed until the regular payment date therefor) and (B) any and all target long-term cash incentive bonus awards for each of the long-term performance periods that contain, as a last
year of measurement, fiscal year 2006, 2007, or 2008, that has not ended prior to Executive’s Termination Date, plus twenty-nine thirty sixths ( 29/36) of the target amount for the long-term performance period that contains, as a last year of measurement, fiscal year 2009. (For target long-term cash incentive bonus awards that have not been set as of the
Termination Date, the target long-term cash incentive bonus awards shall be equal to Executive’s last annual target long-term cash incentive bonus award that has been set.); 
 (v) all outstanding equity-based awards granted to Executive prior to or during the Term of this Agreement but prior to the Termination
Date, including but not limited to stock options, restricted stock and restricted units, that otherwise would vest during the Term of this Agreement, shall automatically be immediately vested on Executive’s Termination Date; and 
 (vi) from the day following the Termination Date to the end of the Term (the “Medical Coverage Period”), Executive shall
continue to receive on a monthly basis the medical coverage in effect on his Termination Date (or generally 

  

 4 

 
comparable coverage) for himself and, if applicable, his spouse and dependents, as the same may be changed from time to time for employees generally, as if
Executive had continued in employment during such period; or, as an alternative, the Company may elect to pay Executive cash in lieu of such coverage in an amount equal to Executive’s reasonable after-tax cost of continuing comparable coverage,
where such coverage may not be continued by the Company (or where such continuation would adversely affect the tax status of the plan pursuant to which the coverage is provided), with any such cash payments to be made in accordance with the ordinary
payroll practices of the Company (not less frequently than monthly) for employees generally for the period during which such cash payments are to be provided. 
 (A) If Executive does not receive the cash payment described in the preceding sentence, the Company shall take all commercially
reasonable efforts to provide that the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended (COBRA), health care continuation coverage period under section 4980B of the Code (as defined in Section 25) shall commence immediately
after the Medical Coverage Period, with such continuation coverage continuing until the end of applicable COBRA health care continuation coverage period. 
 (B) If Executive would have been eligible for post-retirement medical coverage had he retired from employment during the Medical Coverage Period, but is not so eligible as the result of his Covered Termination, then
at the conclusion of the benefit continuation period described in (A) above, the Company shall take all commercially reasonable efforts to provide Executive on a monthly basis with additional continued group medical coverage comparable to that
which would have been available to him from time to time under the Company’s post-retirement medical program, for as long as such coverage would have been available under such program, or, as an alternative, the Company may elect to pay
Executive cash in lieu of such coverage in an amount equal to Executive’s reasonable after-tax cost of continuing comparable coverage, where such coverage may not be continued by the Company (or where such continuation would adversely affect
the tax status of the plan pursuant to which the coverage is provided), with any such cash payments to be made in accordance with the ordinary payroll practices of the Company (not less frequently than monthly) for employees generally for the period
during which such cash payments are to be provided. 
 Notwithstanding anything to the contrary herein, in no event shall this
Agreement entitle Executive to receive more than one payment for any award granted to Executive; if any award is earned or otherwise payable (other than as provided in this Agreement) but unpaid, any payment with respect to such award pursuant to
this Agreement will be considered a full satisfaction of Executive’s rights with respect to such award; and if Executive has elected to defer the payment of one or more, or any portion, of any payment otherwise due to be made without regard to
this Agreement into a nonqualified deferred compensation plan maintained by the Company or any of its Subsidiaries, then in lieu of payment directly to Executive, such payment, or the applicable portion thereof, elected to be deferred shall be paid
or credited instead under such nonqualified deferred compensation plan if and to the extent that payment pursuant to this Agreement would be considered an impermissible acceleration or change in the time or form of payment thereof in violation of
the requirements of Section 409A of the Code (as defined in Section 25). 
  

 5 

 Notwithstanding the foregoing or any other provision of this Agreement or any Change in
Control Agreement, the Company and Executive explicitly agree that Executive will not be entitled to payments and benefits under this Agreement and under any Change in Control Agreement with respect to the same set of circumstances and in the event
Executive becomes entitled to payments or benefits pursuant to this Agreement and at the same time is entitled to payments and benefits under any Change in Control Agreement with respect to the same set of circumstances, Executive shall only be
entitled to those payments and benefits under, and only be subject to the other applicable provisions of, this Agreement or the Change in Control Agreement (to the total exclusion of the payment and benefit rights and terms and conditions of the
other agreement) based solely on which agreement provides in the aggregate, on an after-tax basis, the greatest value to Executive when each agreement’s payments and benefits are reasonably valued. Such valuation shall be determined in the sole
and absolute discretion of the Company. 
 (d) Cessation of Employment on Account of Disability, Cause or Death.
Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of Disability, Executive shall be entitled only to receive disability benefits under any disability program maintained by the Company
that covers Executive, and Executive shall not be considered to have incurred a Covered Termination under this Agreement and shall not receive payments and benefits pursuant to this Section 6. If Executive’s employment terminates on
account of Cause or because of his death, Executive shall not be considered to have incurred a Covered Termination under this Agreement and shall not receive payments and benefits pursuant to this Section 6. 
 (e) Beneficiaries. Executive shall be entitled to select (and change, to the extent permitted under any applicable law) a
beneficiary or beneficiaries to receive any compensation payable hereunder following Executive’s death, and may change such election, in either case by giving the Company written notice thereof. In the event of Executive’s death or a
judicial determination of his incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative. If Executive dies without having designated a beneficiary, or
if the beneficiary so designated has predeceased Executive or cannot be located by the Company within one year after the date when the Company commenced making a reasonable effort to locate such beneficiary, then Executive’s surviving spouse,
or if none, then Executive’s estate shall be deemed to be his beneficiary. 
 7. Nonqualified Deferred Compensation Plan Omnibus
Provisions. Notwithstanding any other provision of this Agreement, it is intended that any payment or benefit which is provided pursuant to or in connection with this Agreement which is considered to be nonqualified deferred compensation subject
to Section 409A of the Code (as defined in Section 25) shall be provided and paid in a manner, and at such time, including without limitation payment and provision of benefits only in connection with a permissible payment event contained
in Section 409A occurs (e.g., death, disability, separation from service from the Company and its affiliates as defined for purposes of Section 409A of the Code), and in such form, as complies with the applicable requirements of
Section 409A of the Code to avoid the unfavorable tax consequences provided therein for non-compliance. Notwithstanding any other provision of this Agreement, the Board is authorized to amend this Agreement, to amend any election made by
Executive under this Agreement and/or to delay the payment of any monies and/or provision of any benefits in such manner as may be determined by it to 

  

 6 

 
be necessary or appropriate to comply, or to evidence or further evidence required compliance, with Section 409A of the Code (including any transition
or grandfather rules thereunder). For purposes of this Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of
the Code. If Executive is a key employee (as defined in Section 416(i) of the Code without regard to paragraph (5) thereof) and any of the Company’s stock is publicly traded on an established securities market or otherwise, then
payment of any amount or provision of any benefit under this Agreement which is considered to be nonqualified deferred compensation subject to Section 409A of the Code shall be deferred for six (6) months as required by
Section 409A(a)(2)(B)(i) of the Code (the “409A Deferral Period”). In the event such payments are otherwise due to be made in installments or periodically during the 409A Deferral Period, the payments which would otherwise have been
made in the 409A Deferral Period shall be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled. In the event benefits are required to be deferred, any such
benefit may be provided during the 409A Deferral Period at Executive’s expense, with Executive having a right to reimbursement from the Company once the 409A Deferral Period ends, and the balance of the benefits shall be provided as otherwise
scheduled. For purposes of this Agreement, severance of employment will be read to mean a “separation from service” within the meaning of Section 409A of the Code where it is reasonably anticipated that no further services would be
performed after such date or that the level of bona fide services Executive would perform after that date (whether as an employee or independent contractor) would permanently decrease to no more than 20 percent of the average level of bona fide
services performed over the immediately preceding thirty-six (36) month period (or, if lesser, the period of Executive’s service). 
 8. Release. Notwithstanding the foregoing, no payments shall be made or benefits provided under Section 6(c) unless Executive executes, and does not revoke, the Company’s standard written release, substantially in the form
as attached hereto as Appendix A (the “Release”), of any and all claims against the Company and all related parties with respect to all matters arising out of Executive’s employment by the Company (other than any claim or entitlement
under an employee benefit, long term cash or equity compensation plan, program, arrangement or agreement which is due pursuant to the terms of such plan, program, arrangement or agreement) or a termination thereof. Such Release, with the period for
revoking the same having already expired, must be provided to the Company on or after, but no later than sixty (60) days following, Executive’s Termination Date. 
 9. Covenants Not to Compete and Not to Solicit; Breach of Agreement Obligations by Executive. 
 (a) Covenant Not to Compete. In the event Executive is entitled to receive payments and benefits under Section 6(c) above,
then, for a period of one (1) year following Executive’s Termination Date, Executive shall not directly or indirectly engage in (whether as an employee, consultant, proprietor, partner, director or otherwise), or have any ownership
interest in, or participate in a financing, operation, management or control of, any person, firm, corporation or business that is a Restricted Business in a Restricted Territory without the prior written consent of the Board. For this purpose,
ownership, whether direct or beneficial, of no more than 5% of the outstanding securities entitled to vote generally in the election of directors of a publicly traded corporation shall not constitute a violation of this provision. 
  

 7 

 (b) Covenant Not to Solicit. In the event Executive is entitled to receive
payments and benefits under Section 6(c) above, then, for a period of one (1) year following Executive’s Termination Date, Executive shall not: (i) solicit, encourage or take any other action which is intended to induce any other
employee, any supplier or any customer, of the Company or any Subsidiary to terminate his employment or relationship with the Company or any Subsidiary; or (ii) interfere in any manner with the contractual or employment relationship between the
Company and any such employee, supplier or customer of the Company or any Subsidiary. The foregoing shall not prohibit Executive or any entity with which Executive may be affiliated from hiring a former employee of the Company or any Subsidiary;
provided, that such hiring results exclusively from such former employee’s affirmative response to a general recruitment effort. 
 (c) Interpretation. The covenants contained herein are intended to be construed as a series of separate covenants, one for each of the counties, parishes, towns, cities or states or similar local governmental
or political subdivisions of the Restricted Territory. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in the preceding subsections. If, in any judicial proceeding, the court
shall refuse to enforce any of the separate covenants (or any part thereof) deemed included in such subsections, then such unenforceable covenant (or such part) shall be deemed to be eliminated from this Agreement for the purpose of those
proceedings to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced.
 (d)
Remedies for Breach. In the event of Executive’s termination of employment, the Company’s obligations to provide the payments and benefits set forth in Section 6(c) shall be and are expressly conditioned upon Executive’s
covenants not to compete and not to solicit as provided herein. In the event Executive breaches his obligations to the Company as provided herein, the Company’s obligations to provide the payments and benefits set forth in Section 6(c)
shall cease, and Executive shall be obligated to return to the Company any payments and the value of any benefits previously received by him pursuant to Section 6(c). In addition, it is recognized that damages in the event of breach of this
Section 9 by Executive would be difficult, if not impossible, to ascertain, and it is therefore specifically agreed that the Company, in addition to and without limiting any other remedy or right it may have, shall have the right to an
injunction or other equitable relief in any court of competent jurisdiction, enjoining any such breach. The existence of the express rights to cease or recover payment and the value of benefits otherwise provided for in Section 6(c) and to
obtain an injunction or other equitable relief shall not preclude the Company from pursuing any other rights and remedies at law or in equity which it may have. 
 (e) Definitions. For proposes of this Section 9, the following terms have the following meanings: 
 (i) “Restricted Business” means any business function with a direct competitor of the Company or any Subsidiary that is
substantially similar to the business function performed by Executive with the Company or any Subsidiary immediately prior to his Termination Date. 
 (ii) “Restricted Territory” means the counties, parishes, towns, cities, or states or similar governmental or political subdivisions of any country in which the Company or any Subsidiary operates or does
business, inclusive of markets in which the Company competes with the Restricted Business to sell its products. 
  

 8 

 (f) Reasonableness. In the event that the provisions of this Section 9 shall
ever be deemed to exceed the time, scope or geographic limitations permitted by applicable laws, then such provisions shall be reformed to the maximum time, scope or geographic limitations, as the case may be, permitted by applicable laws.

 10. Enforcement. Without limiting the rights of Executive at law or in equity, if the Company fails to make any payment required to
be made or provided hereunder on a timely basis, the Company will pay interest on the amount or value thereof at an annualized rate of interest equal to the so-called composite “prime rate” as quoted from time to time during the relevant
period in the Eastern Edition of The Wall Street Journal. Such interest will be payable as it accrues consistent with the timing of the related payments or benefits to be provided. Any change in such prime rate will be effective on and as of
the date of such change. 
 11. Duties upon Termination; Mitigation Obligation. Upon termination of employment for any reason,
Executive or his estate shall surrender to the Company all correspondence, letters, files, contracts, mailing lists, customer lists, advertising materials, ledgers, supplies, equipment, checks, and all other materials and records of any kind that
are the property of the Company or any of its subsidiaries or affiliates, that may be in Executive’s possession or under his control, including all copies of any of the foregoing. The Company hereby acknowledges that it will be difficult and
may be impossible for Executive to find reasonably comparable employment following the Termination Date. Accordingly, the payment and provision of the severance compensation by the Company to Executive in accordance with the terms of this Agreement
is hereby acknowledged by the Company to be reasonable, and Executive will not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor will any profits, income, earnings or other
benefits from any source whatsoever create any mitigation, offset, reduction or any other obligation on the part of Executive hereunder or otherwise. 
 12. Legal Fees and Expenses. If litigation or arbitration is commenced by either party to enforce or interpret any provision contained in this Agreement, the Company will undertake to indemnify Executive for
his reasonable attorneys’ fees and expenses associated with such litigation or arbitration if Executive substantially prevails in such litigation or arbitration or any settlement thereof. Notwithstanding the foregoing, if it should appear to
Executive that the Company has failed to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or
institutes any litigation or other action or proceeding designed to deny, or to recover from, Executive the payments provided or intended to be provided to Executive under Section 6(c) of this Agreement, the Company will in any event reimburse
Executive for his reasonable attorneys’ fees and expenses incurred in connection therewith up to $10,000 without regard to the commencement or outcome of any litigation or arbitration in order for Executive to retain counsel to advise and
represent Executive in connection with any such interpretation, enforcement or defense, including without limitation the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer or
employee of the Company, in any jurisdiction. Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company irrevocably consents to Executive’s entering into an attorney-client relationship
with such counsel, and in that connection, the Company and Executive agree that a confidential relationship will exist between Executive and such counsel. The first $10,000 of such expenses will be paid by the Company as soon as administratively
feasible after they are incurred by Executive, and any balance thereof due to Executive shall be paid within thirty (30) days after any final judgment or decision or settlement in which Executive substantially prevails. 
  

 9 

 13. Confidentiality. Executive hereby covenants and agrees that, except as specifically requested
or directed by the Company, he will not disclose to any person not employed by the Company, or use in connection with engaging in competition with the Company, any confidential or proprietary information (as provided below) of the Company. For
purposes of this Agreement, the term “confidential or proprietary information” will include all information of any nature and in any form that is owned by the Company and that is not publicly available (other than by Executive’s
breach of this Section 13) or generally known to persons engaged in businesses similar or related to those of the Company. Confidential or proprietary information will include, without limitation, the Company’s financial matters,
customers, employees, industry contracts, strategic business plans, product development (or other proprietary product data), marketing plans, consulting solutions and processes, and all other secrets and all other information of a confidential or
proprietary nature which is protected by the Uniform Trade Secrets Act. For purposes of the preceding two sentences, the term “Company” will also include any Subsidiary. The foregoing obligations imposed by this Section 13 will not
apply (i) in the course of the business of and for the benefit of the Company, (ii) if such confidential or proprietary information has become, through no fault of Executive, generally known to the public, or (iii) if Executive is
required by law to make disclosure (after giving the Company notice and an opportunity to contest such requirement). In addition, if not otherwise filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) and available
through public disclosure from the SEC, Executive agrees not to disclose the terms of this Agreement to anyone, except Executive’s spouse, attorney and, as necessary, tax/financial advisor, except as may be required by law. Likewise, the
Company agrees that the terms of this Agreement will not be disclosed except as may be necessary to obtain approval or authorization to fulfill its obligations hereunder or as required by law. It is expressly understood that any violation of the
confidentiality obligation imposed hereunder constitutes a material breach of this Agreement. 
 14. Employment Rights. Executive and
the Company acknowledge that, except as may otherwise be provided under any other written agreement between Executive and the Company or a Subsidiary, the employment of Executive by the Company is “at will.” Nothing expressed or implied in
this Agreement will create any right or duty on the part of the Company or Executive to have Executive remain in the employment of the Company or any Subsidiary. 
 15. Withholding of Taxes. The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law,
regulation or ruling. 
 16. Successors and Binding Agreement. 
 (a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise)
to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably satisfactory to Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the
Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or
indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, 

  

 10 

 
consolidation, reorganization or otherwise (and such successor will thereafter be deemed “Company” for the purposes of this Agreement), but will
not otherwise be assignable, transferable or delegable by the Company. 
 (b) This Agreement will inure to the benefit of and
be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees. This Agreement will supersede the provisions of any employment agreement between Executive and the Company
that relate to any matter that is also the subject of this Agreement, and such provisions in such employment agreement will be null and void. Except as provided in Section 6(c) or 7 hereof, the foregoing sentence shall have no impact on any
outstanding agreement made with Executive under the Company’s long-term incentive program, including, stock option, restricted stock, restricted unit, other equity- or cash-based incentive awards or other equity- or cash-based agreements at any
time in effect. 
 (c) This Agreement is personal in nature and neither of the parties hereto will, without the consent of the
other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 16(a) and (b). Without limiting the generality or effect of the foregoing, Executive’s right to receive payments
hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by Executive’s will or by the laws of descent and distribution and, in the event of any
attempted assignment or transfer contrary to this Section 16(c), the Company will have no liability to pay any amount so attempted to be assigned, transferred or delegated. 
 17. Notices. For all purposes of this Agreement, all communications, including without limitation, notices, consents, requests or approvals,
required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof confirmed electronically), or five
(5) business days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three (3) business days after having been sent by a nationally recognized courier service for
overnight/next-day delivery, such as FedEx, UPS, or the United States Postal Service, addressed to the Company (to the attention of the Secretary of the Company) at its principal executive office and to Executive at his principal residence, or to
such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address will be effective only upon receipt. 
 18. Governing Law; Dispute Resolution. The validity, interpretation, construction and performance of this Agreement will be governed by and
construed in accordance with the substantive laws of the State of Delaware, without giving effect to the principles of conflict of laws of such State. Any dispute or controversy arising under or in connection with this Agreement shall be resolved by
arbitration in either Richmond, Virginia or Charleston, West Virginia as so determined by Executive. Three arbitrators shall be selected, and arbitration shall be conducted, in accordance with the rules of the American Arbitration Association.
Subject to Section 12 hereof, the arbitrators shall have the discretion to award the cost of arbitration, arbitrators’ fees and the respective attorneys’ fees of each party between the parties as they see fit. 
 19. Validity. If any provision of this Agreement or the application of any provision hereof to any person or circumstances is held invalid,
unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person 

  

 11 

 
or circumstances will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be reformed to the extent (and only
to the extent) necessary to make it enforceable, valid or legal. 
 20. Amendment; Modification. This Agreement may only be amended by
written agreement of the parties hereto. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in a writing signed by Executive and the Company. No waiver by either party
hereto at any time of any breach by the other party hereto or compliance with any condition or provision of this Agreement to be performed by such other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or
at any prior or subsequent time. No agreements or representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party that are not set forth expressly in this Agreement. 
 21. Acknowledgement. Executive acknowledges that he has signed this Agreement voluntarily and knowingly in exchange for the consideration
described herein, which Executive acknowledges is adequate and satisfactory to him and which Executive acknowledges is in addition to any other benefits to which Executive is otherwise entitled and that Executive has been and is hereby advised in
writing to consult with an attorney prior to signing this Agreement. 
 22. Miscellaneous. References to Sections are to references to
Sections of this Agreement. Any reference in this Agreement to a provision of a statute, rule or regulation will also include any successor provision thereto. Whenever used herein, the masculine includes the feminine. 
 23. Survival. Notwithstanding any provision of this Agreement to the contrary, the parties’ respective rights and obligations under Sections
6, 7, 8, 9, 10, 11, 12, 13, 16 and 18 will survive any termination or expiration of this Agreement or the termination of Executive’s employment for any reason whatsoever. 
 24. Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which
together will constitute one and the same agreement. 
 25. Certain Defined Terms. In addition to terms defined elsewhere herein, the
following terms have the following meanings when used in this Agreement with initial capital letters: 
 (a) “Board”
means the Board of Directors of the Company. If Executive is also a member of the Board, then in the case of any provision hereof that requires action by, or a determination of, the Board in connection with this Agreement, it is understood that such
provision refers to the members of the Board other than Executive. Unless otherwise provided by the Board and except in determining Cause, the Compensation Committee of the Board shall have full authority to act on behalf of the Board in connection
with any duty or action expressly assigned under, or implicitly to be acted on in connection with, this Agreement to or by the Board. 
 (b) “Cause” shall occur hereunder only upon: 
 (i) the willful and continued
failure by Executive substantially to perform his duties with the Company (other than any such failure resulting from his incapacity due to physical or mental illness) after a written demand for substantial performance is delivered to him by the
Board which specifically identifies the manner in which the Board believes that he has not substantially performed his duties, 
  

 12 

 (ii) Executive’s willful breach of fiduciary duty, willful violation of any law,
rule, or regulation (other than traffic violations or similar offenses), willful violation of a final cease and desist order or willful engaging in other gross misconduct which is materially and demonstrably injurious to the Company or any
Subsidiary, or 
 (iii) Executive’s conviction of, or pleading guilty or nolo contendere to, the commission of a felony
involving fraud, embezzlement, theft or moral turpitude. 
 For purposes of this Section 25(b), no act, or failure to
act, on Executive’s part described in clause (i) or (ii) above shall be considered “willful” unless done, or omitted to be done, by him not in good faith and without reasonable belief that his action or omission was in the
best interest of the Company and its Subsidiaries. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a copy of a resolution duly adopted by the
affirmative vote of not less than two-thirds of the entire membership of the Board at a meeting of the Board called and held for the purpose, among others (after at least twenty (20) days prior notice to Executive and an opportunity for
Executive, together with his counsel, to be heard before the Board), of finding that (x) in the good faith opinion of the Board Executive failed to perform his duties or engaged in misconduct as set forth above in clause (i) or
(ii) of this paragraph, and, if applicable, that Executive did not correct such failure or cease such misconduct after being requested to do so by the Board, or (y) as set forth in clause (iii) of this paragraph, Executive has been
convicted of or has entered a plea of nolo contendere to the commission of a felony. The fact that Executive is or shortly may be “retirement eligible” and thus eligible for or entitled to post-retirement benefits from any plan,
arrangement or program sponsored, participated in or contributed to by the Company or any Subsidiary shall not prevent Executive’s termination from being considered termination for Cause. 
 (c) “Change in Control” means the occurrence of any of the following events: 
 (i) a third person, including a “group” as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended,
acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person) shares of the Company having thirty (30) 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 and be replaced by persons whose appointment or election is not endorsed by the majority of directors before the Tranaction. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended. 
  

 13 

 (e) “Disability” means Executive becomes permanently disabled within the
meaning of, and begins actually to receive long-term disability benefits pursuant to, the long-term disability plan of the Company or any Subsidiary in effect for, or applicable to, Executive, or if none, then Executive is determined by the Social
Security Administration to be totally and permanently disabled for purposes of entitlement to Social Security disability benefits. 
 (f) “Good Reason” means one of the following events: 
 (i) the assignment to Executive of any duties
inconsistent in any respect with Executive’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities in effect immediately on the Effective Date, or any other action by the Company or any
Subsidiary which results in a diminution in such position, authority, duties or responsibilities, other than an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company or Subsidiary promptly after
receipt of notice thereof given by Executive; 
 (ii) any failure by the Company or any Subsidiary to continue
Executive’s employment upon the terms and conditions as existed on the Effective Date (as the same may be increased from time to time during the Term) other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and
which is remedied by the Company or Subsidiary promptly after receipt of notice thereof given by Executive, including but not limited to compensation level and annual and long-term cash and equity incentive opportunity, but excluding any term or
condition covered in clause (i) above; or 
 (iii) a material reduction in the level of Employee Benefits provided to
Executive on the Effective Date. 
 For purposes hereof, “Employee Benefits” means the perquisites, benefits and
service credit for benefits as provided under any and all employee retirement income and welfare benefit policies, plans, programs or arrangements in which Executive is entitled to participate, including, without limitation, any stock option, stock
appreciation, stock purchase, restricted stock, restricted unit, performance stock, performance unit, shadow stock or similar equity incentive plan, program, arrangement, savings, pension, supplemental executive retirement, or other retirement
income or welfare benefit, deferred compensation, incentive compensation, group or other life, health, medical/hospital or other insurance (whether funded by actual insurance or self-insured by the Company or a Subsidiary), disability, salary
continuation, expense reimbursement and other employee benefit policies that may exist as of the Effective Date or any successor policies, plans or arrangements that provide substantially similar perquisites or benefits. 
 Without limiting the generality or effect of the foregoing, Executive shall have no right to terminate employment for Good Reason in
connection with an event described above unless (x) Executive provides written notice to the Company within thirty (30) days of the occurrence of such event that identifies such event with particularity, and (y) the Company fails to
correct such event within ten (10) business days after receipt of such notice from Executive. 
  

 14 

 In no event shall the termination of Executive’s employment with the Company on
account of Executive’s death or Disability or because Executive engaged in conduct constituting Cause be deemed to be a termination for Good Reason. 
 (g) “Retention Cash Awards” means the retention cash awards of $150,000 payable to Executive on January 1, 2007, January 1, 2008 and January 1, 2009 so long as Executive has been
continuously employed by the Company through each such date, respectively. 
 (h) “Subsidiary” means any Company
affiliate, whether or not incorporated, at least 50% of the outstanding capital stock or other ownership interests of which is owned, directly or indirectly, by the Company. 
 (i) “Termination Date” means the last day of Executive’s employment with the Company and all Subsidiaries. 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the date first above written. 
  

			
	MASSEY ENERGY COMPANY
		
	By:	 	 /s/ Baxter F. Phillips, Jr.

	Name:	 	Baxter F. Phillips, Jr.
	Title:	 	President
	
	 /s/ Michael K. Snelling

	Michael K. Snelling

  

 15 

 Appendix A 
 SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE 
 THIS SEPARATION OF EMPLOYMENT
AGREEMENT AND GENERAL RELEASE (the “Agreement”) is made as of this      day of
                    ,             , by and between Massey Energy
Company, a Delaware corporation (the “Company”), and
                                        
(the “Executive”). 
 WHEREAS, Executive formerly was employed by the Company
as                    ; and 
 WHEREAS, Executive and Company entered into an Employment Agreement, originally effective as of May 25, 2006, which was amended and restated effective
                    , 2008 (the “Employment Agreement”) which provides for certain payments in the event that Executive’s
employment is terminated on account of a reason set forth in the Employment Agreement; and 
 WHEREAS, an express condition of
Executive’s entitlement to the payments under the Employment Agreement is the execution of a general release in the form set forth below; and 
 WHEREAS, Executive and the Company mutually desire to terminate Executive’s employment on an amicable basis, such termination to be effective
                         ,             
(“Termination Date”). 
 NOW, THEREFORE, IT IS HEREBY AGREED by and between Executive and the Company as follows:

 1. (a) Executive, for and in consideration of the commitments of the Company as set forth in paragraph 6 of this Agreement, and
intending to be legally bound, does hereby REMISE, RELEASE AND FOREVER DISCHARGE the Company, its affiliates, subsidiaries and parents, and its officers, directors, employees, and agents, and its and their respective successors and assigns, heirs,
executors, and administrators (collectively, “Releasees”) from all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Executive ever had, now has, or hereafter may have, whether known or unknown, or
which Executive’s heirs, executors, or administrators may have, by reason of any matter, cause or thing whatsoever, from the beginning of Executive’s employment to the date of this Agreement, and particularly, but without limitation of the
foregoing general terms, any claims arising from or relating in any way to Executive’s employment relationship with the Company, the terms and conditions of that employment relationship, and the termination of that employment relationship,
including, but not limited to, any claims arising under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave
Act of 1993, the Employee Retirement Income Security Act of 1974, and any other claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, and any claims for attorneys’ fees and costs.
This Agreement is effective without regard to the legal nature of the claims raised and without regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort. 
 (b) To the fullest extent permitted by law, and subject to the provisions of paragraph 11 below, Executive represents and affirms that
(i) [other than             ,] Executive has not filed or caused to be filed on Executive’s behalf any claim for relief 

  

 A-1 

 
against the Company or any Releasee and, to the best of Executive’s knowledge and belief, no outstanding claims for relief have been filed or asserted
against the Company or any Releasee on Executive’s behalf; and (ii) [other than             ,] Executive has not reported any improper, unethical or illegal
conduct or activities to any supervisor, manager, department head, human resources representative, agent or other representative of the Company, to any member of the Company’s legal or compliance departments, or to the ethics hotline, and has
no knowledge of any such improper, unethical or illegal conduct or activities. Executive agrees to dismiss with prejudice all claims for relief filed before the date hereof. 
 (c) Notwithstanding any other provision herein, the foregoing release does not apply to any claim or entitlement under an employee benefit
or long term cash or equity incentive compensation plan, program, arrangement or agreement which is due pursuant to the terms of such plan, program, arrangement or agreement. 
 2. The Company, for and in consideration of the commitments of Executive as set forth in this Agreement, and intending to be legally bound, does hereby
REMISE, RELEASE AND FOREVER DISCHARGE Executive from all claims, demands or causes of action arising out of facts or occurrences prior to the date of this Agreement, but only to the extent the Company knows or reasonably should know of such facts or
occurrence and only to the extent such claim, demand or cause of action relates to a violation of applicable law or the performance of Executive’s duties with the Company; provided, however, that this release of claims shall not in any case be
effective with respect to any claim by the Company alleging a breach of Executive’s obligations under this Agreement. [Note: The Company and Executive may, but shall not be required to mutually agree on a case-by-case basis at the time of
the signing of this release to include the foregoing provision, or a substantially similar provision, to this Agreement.] 
 3. In
consideration of the Company’s agreements as set forth in paragraph 6 herein, Executive agrees to comply with the limitations described in Sections 9 and 13 of the Employment Agreement. 
 4. Executive further agrees and recognizes that Executive has permanently and irrevocably severed Executive’s employment relationship with the
Company and its affiliated entities, that Executive shall not seek employment with the Company or any affiliated entity at any time within two (2) years after his Termination Date, and that neither the Company nor any affiliated entity has any
obligation to employ him in the future. 
 5. Executive further agrees that Executive will not disparage or subvert the Company, or make any
statement reflecting negatively on the Company, its affiliated entities, or any of their officers, directors, employees, agents or representatives, including, but not limited to, any matters relating to the operation or management of the Company,
Executive’s employment and the termination of Executive’s employment, irrespective of the truthfulness or falsity of such statement. 
 6. In consideration for Executive’s agreements as set forth herein, the Company agrees to pay or provide to or for Executive the payments described in Section 6(c) of the Employment Agreement, the provisions of which are
incorporated herein by reference. Except as set forth in this Agreement, it is expressly agreed and understood that Releasees do not have, and will not have, any obligations to provide Executive at any time in the future with any payments, benefits
or considerations other than those recited in this paragraph, those excluded from release in Section 1(c) of this Agreement or those required by law, other than under the terms of any benefit plans which provide benefits or payments to former
employees according to their terms. 
  

 A-2 

 7. Executive understands and agrees that the payments and agreements provided in this Agreement are being
provided to him in consideration for Executive’s acceptance and execution of, and in reliance upon Executive’s representations in, this Agreement. Executive acknowledges that if Executive had not executed this Agreement containing a
release of all claims against the Company, Executive would not have been entitled to the payments set forth in Section 6(c) of the Employment Agreement. 
 8. Executive acknowledges and agrees that the Company previously has satisfied any and all obligations owed to him under any employment agreement or offer letter Executive has with the Company and, further, that this
Agreement supersedes any employment agreement or offer letter Executive has with the Company, and any and all other prior agreements or understandings, whether written or oral, between the parties which are inconsistent with this Agreement, and
further, that, except as set forth expressly herein, no promises or representations have been made to him in connection with the termination of Executive’s employment agreement, if any, or offer letter, if any, with the Company, or the terms of
this Agreement or the Employment Agreement. 
 9. If not otherwise filed by the Company with the U.S. Securities and Exchange Commission
(“SEC”) and available through public disclosure from the SEC, Executive agrees not to disclose the terms of this Agreement or the Employment Agreement to anyone, except Executive’s spouse, attorney and, as necessary, tax/financial
advisor, except as may be required by law. Likewise, the Company agrees that the terms of this Agreement will not be disclosed except as may be necessary to obtain approval or authorization to fulfill its obligations hereunder or as required by law.
It is expressly understood that any violation of the confidentiality obligation imposed hereunder constitutes a material breach of this Agreement. 
 10. Executive represents that Executive does not presently have in Executive’s possession any records and business documents, whether on computer or hard copy, and other materials (including but not limited to computer disks and tapes,
computer programs and software, office keys, correspondence, files, customer lists, technical information, customer information, pricing information, business strategies and plans, sales records and all copies thereof) (collectively, the
“Corporate Records”) provided by the Company and/or its predecessors, subsidiaries or affiliates or obtained as a result of Executive’s prior employment with the Company and/or its predecessors, subsidiaries or affiliates, or created
by Executive while employed by or rendering services to the Company and/or its predecessors, subsidiaries or affiliates. Executive acknowledges that all such Corporate Records are the property of the Company. In addition, Executive shall promptly
return in good condition any and all Company owned equipment or property, including, but not limited to, automobiles, personal data assistants, facsimile machines, copy machines, pagers, credit cards, cellular telephone equipment, business cards,
laptops and computers, unless mutually agreed upon in writing. As of the Termination Date, the Company will make arrangements to remove, terminate or transfer any and all business communication lines including network access, cellular phone, fax
line and other business numbers. 
 11. Nothing in this Agreement shall prohibit or restrict Executive from: (i) making any disclosure
of information required by law; (ii) providing information to, or testifying or otherwise assisting in any investigation or proceeding brought by, any federal regulatory or law enforcement agency or legislative body, any self-regulatory
organization, or the Company’s designated legal, 

  

 A-3 

 
compliance or human resources officers; or (iii) filing, testifying, participating in or otherwise assisting in a proceeding relating to an alleged
violation of any federal, state or municipal law relating to fraud, or any rule or regulation of the Securities and Exchange Commission or any self-regulatory organization. 
 12. The parties agree and acknowledge that the agreement by the Company described herein, and the settlement and termination of any asserted or
unasserted claims against the Releasees, are not and shall not be construed to be an admission of any violation of any federal, state or local statute or regulation, or of any duty owed by any of the Releasees to Executive. 
 13. Executive agrees and recognizes that should Executive breach any of the obligations or covenants set forth in this Agreement, the Company will have
no further obligation to provide Executive with the consideration set forth herein, and will have the right to seek repayment of all consideration paid up to the time of any such breach. Further, Executive acknowledges in the event of a breach of
this Agreement, Releasees may seek any and all appropriate relief for any such breach, including equitable relief and/or money damages, attorneys’ fees and costs. 
 14. Executive further agrees that the Company shall be entitled to preliminary and permanent injunctive relief, without the necessity of proving actual damages, as well as to an equitable accounting of all earnings,
profits and other benefits arising from any violations of this Agreement, which rights shall be cumulative and in addition to any other rights or remedies to which the Company may be entitled. 
 15. This Agreement and the obligations of the parties hereunder shall be construed, interpreted and enforced in accordance with the laws of the State of
Delaware, without giving effect to the principles of conflict of laws of such State. 
 16. Executive certifies and acknowledges as follows:

 (a) That Executive has read the terms of this Agreement, and that Executive understands its terms and effects, including
the fact that, other than as excepted in paragraph 1 hereof, Executive has agreed to RELEASE AND FOREVER DISCHARGE the Company and each and every one of its affiliated entities from any legal action arising out of Executive’s employment
relationship with the Company and the termination of that employment relationship; and 
 (b) That Executive has signed this
Agreement voluntarily and knowingly in exchange for the consideration described herein, which Executive acknowledges is adequate and satisfactory to him and which Executive acknowledges is in addition to any other payments or benefits to which
Executive is otherwise entitled; and 
 (c) That Executive has been and is hereby advised in writing to consult with an
attorney prior to signing this Agreement; and 
 (d) That Executive does not waive rights or claims that may arise after the
date this Agreement is executed; and 
  

 A-4 

 (e) That the Company has provided him with a period of [twenty-one (21)—generally
applicable for an individual termination] days within which to consider this Agreement, and that Executive has signed on the date indicated below after concluding that this Separation of Employment Agreement and General Release is satisfactory
to him; and 
 (f) Executive acknowledges that this Agreement may be revoked by him within seven (7) days after
execution, and it shall not become effective until the expiration of such seven (7) day revocation period. In the event of a timely revocation by Executive, this Agreement will be deemed null and void and the Company will have no obligations
hereunder. 
 Intending to be legally bound hereby, Executive and the Company executed the foregoing Separation of Employment Agreement and
General Release this day of                          ,
            . 
  

							
	  
	 	Witness:	 	  

	Executive	 		 	
			
	MASSEY ENERGY COMPANY	 		 	
				
	By:	 	  
	 	Witness:	 	  

	Name:	 		 		 	
	Title:	 		 		 	

  

 A-5Exhibit 10.13

 Exhibit 10.13 
 MASSEY EXECUTIVES’ SUPPLEMENTAL BENEFIT PLAN 
 (as amended and restated effective
January 1, 2009) 
 The purpose of this Massey Executives’ Supplemental Benefit Plan, as amended and restated effective as of January, 2009, is
to provide or continue to provide specified benefits to a select group of management and highly paid executives of Massey Energy Company, a Delaware corporation, and its Subsidiaries, if any (as defined below), that sponsor the Plan (collectively
with the Trust (as defined below), if and when maintained, the “Company”), and to update and restate the same or similar predecessor plans maintained by the Company when known as Fluor Corporation and maintained by the Company’s
subsidiary A. T. Massey Coal Company, Inc. to comply with Section 409A of the Code (as defined below), to make Massey Energy Company the sponsor of the Plan and to revise the administration of the Plan, in accordance with the following terms
and conditions: 
  

	1.	Definitions. For purposes of this Plan, unless otherwise clearly apparent from the context, the following phrases or terms (and their related meanings) shall have the
following indicated meanings: 

  

	 	(a)	“Administrative Committee” or “Committee” shall mean the Compensation Committee of the board of directors of the Company, unless such Compensation Committee
appoints another group to serve as the Administrative Committee pursuant to Section 8 below. 

  

	 	(b)	“Administrator” shall have the meaning set forth in Section 8 below. 

  

	 	(c)	“Adverse Change in Employment Condition” shall mean, with respect to an Executive, any of the following: 

  

	 	(i)	The Executive experiences a Termination of Employment for any reason other than a voluntary resignation. 

  

	 	(ii)	The Executive experiences a Termination of Employment by voluntary resignation on account of any material change of his or her duties with a material reduction in his or her
responsibilities or compensation. 

  

	 	(iii)	The Executive experiences a Termination of Employment by voluntary resignation on account of any mandatory change in the geographic location of his or her principal place of
business with a reduction in his or her compensation. 

  

	 	(iv)	The Executive experiences a Termination of Employment by voluntary resignation on account of any obvious bad faith by the Company in dealing with his or her employment conditions.

  

	 	(d)	 “Affiliate” shall mean the Company, each Subsidiary and each of the following business entities or other organizations 

	 	 
(whether or not incorporated) which during the relevant period are to be treated (but only for the portion of the period so treated and for the purpose and
to the extent required to be so treated) as single employer with the Company or any Subsidiary: 

  

	 	(i)	any corporation which is a member of a controlled group of corporations (as defined in Section 414(b) of the Code) which includes the Company or any Subsidiary, and

  

	 	(ii)	any trade or business (whether or not incorporated) which is under common control (as defined in Section 414(c) of the Code) with the Company or any Subsidiary.

  

	 	(e)	“Approved Early Retirement” shall mean, with respect to an Executive, severance from employment with the Company and all Affiliates for reasons other than death prior to
Normal Retirement that the Administrative Committee or, upon and after a Change in Control Event, the Administrator has determined pursuant to this Plan is an Approved Early Retirement. If so provided in an Executive’s Plan Agreement or in an
employment agreement relating to his service with Company or any Affiliate, the Executive may be granted the right to an Approved Early Retirement at or after a specified date or event, in which case the Executive shall be considered entitled to
retire on an Approved Early Retirement without any approval of the Administrative Committee or Administrator and thus vested in his Retirement Benefit provided he actually severs from employment with the Company for reasons other than death prior to
Normal Retirement. 

  

	 	(f)	“Beneficiary” shall mean the person or persons designated as such in accordance with Section 7. 

  

	 	(g)	“Beneficiary Designation Form” shall mean the form established from time to time by the Administrative Committee that an Executive completes, signs and returns to the
Administrative Committee to designate one or more Beneficiaries. 

  

	 	(h)	“Benefit” shall mean, with respect to an Executive, the Executive’s Death Benefit, Retirement Benefit, Disability Benefit, Joint and Survivor Insurance Coverage
Benefit or Change in Control Benefit, as determined in accordance with Section 6. 

  

	 	(i)	“Code” means the Internal Revenue Code of 1986, as amended, and, to the extent not inconsistent therewith, regulations and other guidance issued thereunder.

  

	 	(j)	A “Change in Control Event” shall occur if: 

  

	 	(i)	 a third person, including a “group” as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, acquires 

	 	 
(or has acquired during the twelve (12) month period ending on the date of the most recent acquisition) shares of the Company having 30% 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 Directors of the Company or any successor to the Company and be replaced by persons whose appointment or election is not endorsed by the
majority of directors before the Transaction. 

  

	 	(k)	“Company” shall mean Massey Energy Company, a Delaware corporation, and its Subsidiaries, if any, which are designated by the Administrative Committee as participating in
the Plan, including without limitation A. T. Massey Coal Company, Inc. which is hereby so designated. Notwithstanding the foregoing, if the context so requires, “Company” shall also mean the Trust. In determining severance of employment
for any purpose of the Plan and for Section 409A of the Code, the Company and each Affiliate shall be treated as a single employer. 

  

	 	(l)	“Death Benefit” shall mean, with respect to an Executive, the Executive’s Pre-Retirement Death Benefit or Post-Retirement Death Benefit, as the case may be.

  

	 	(m)	“Disability” or “Disabled” shall mean, with respect to an Executive, the period of time during which the Executive qualifies for permanent disability benefits
under the Company’s or a Subsidiary’s long-term disability plan or, if the Executive does not participate in such a plan, a period of disability during which the Executive would have qualified for permanent disability benefits under such a
plan had the Executive been a participant, as determined by the Administrative Committee. If the Company or a Subsidiary does not sponsor such a plan, or discontinues to sponsor such a plan, Disability shall be determined by the Administrative
Committee based on the 409A Disability definition. 

  

	 	(n)	“Employment” shall mean full-time or substantially full-time employment by the Company or any Subsidiary, including any approved leave of absence consistent with the
requirements of Section 409A of the Code. 

  

	 	(o)	“Endorsement” shall mean, with respect to an Executive, the endorsement, in favor of the Executive and contained in the Policy, in the amounts set forth in Schedule(s) A
of Section 2 of the Executive’s Plan Agreement, and in a form acceptable to the Insurer, entitling the Executive to designate a Beneficiary to receive the Executive’s Pre-Retirement Death Benefit, if any, from the Policy.
Notwithstanding any other provision of this Plan that may be construed to the contrary, the Endorsement shall be null and void and of no further effect upon and after the Endorsement Termination Date. 

	 	(p)	“Endorsement Termination Date” shall mean, unless otherwise provided in the Executive’s Plan Agreement, the date on which occurs the first of the following events:

  

	 	(i)	The Executive Retires. 

  

	 	(ii)	The Executive experiences a Termination of Employment. 

  

	 	(iii)	The second anniversary of the date the Executive experiences a Disability; 

  

	 	(iv)	The Executive experiences an Adverse Change in Employment Condition upon or after a Change in Control Event. 

  

	 	(v)	The Plan is terminated by the Executive or the Company in accordance with Section 14. 

  

	 	(vi)	The Executive elects to receive the Joint and Survivor Insurance Coverage Benefit in accordance with Section 6(d). 

  

	 	(q)	“Executive” shall mean an employee of the Company, or any Subsidiary of the Company, who is selected by the Administrative Committee to participate in this Plan, and who
enters into a Plan Agreement and completes a Beneficiary Designation Form accepted by the Administrative Committee. 

  

	 	(r)	“Massey Joint and Survivor Split Dollar Insurance Plan” shall mean that certain A. T. Massey Coal Company, Inc. Joint and Survivor Split Dollar Life Insurance Plan.

  

	 	(s)	“Form of Retirement Benefit” shall mean, with respect to an Executive, the Post-Retirement Death Benefit, the Lump Sum Benefit or the Salary Continuation Benefit as set
forth in Section 6(c). 

  

	 	(t)	“409A Disability” or “409A Disabled” shall mean, with respect to an Executive, the period of time during which the Executive either (i) is unable to engage
in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months.

  

	 	(u)	“Insurer” shall mean, as to each Executive, the insurer(s) specified in his or her Plan Agreement. 

  

	 	(v)	“Lump Sum Benefit”, with respect to an Executive at a particular age, shall have the following meanings unless otherwise provided in an Executive’s Plan Agreement:

  

	 	(i)	For (a) a Normal Retirement, or (b) an Approved Early Retirement or Change in Control Benefit at age fifty-five (55) or older, the Executive’s Lump Sum Benefit
shall be the amount set forth as such in Schedule B of Section 2 of the Executive’s Plan Agreement. 

	 	(ii)	For an Approved Early Retirement or Change in Control Benefit at age fifty-four (54) or younger, the Executive’s Lump Sum Benefit shall be equal to the Lump Sum Benefit
set forth as such in Schedule B of Section 2 of the Executive’s Plan Agreement for an Approved Early Retirement at age fifty-five (55), discounted at a rate equal to 7.5% per annum, compounded, for each year that the Executive is
younger than age fifty-five (55), including any partial year. 

  

	 	(w)	“Normal Retirement” shall mean, with respect to an Executive, severance from employment with the Company and all Affiliates on or after the date upon which he or she
attains age sixty-five (65) for any reason, other than leave of absence, death or Disability. 

  

	 	(x)	“Plan” shall mean the Massey Executives’ Supplemental Benefit Plan (as amended and restated effective January 1, 2005), which shall be evidenced by this
instrument and by each Plan Agreement, as they may be amended from time to time. The Plan is a continuation of the Fluor Corporation Amended and Restated Executive’s Supplemental Benefit Plan maintained by the Company when named Fluor
Corporation and subsequently the Amended and Restated Massey Executives’ Supplemental Benefit Plan previously maintained by the Company’s subsidiary A. T. Massey Coal Company, Inc. 

  

	 	(y)	“Plan Agreement” shall mean, with respect to an Executive, a written agreement, as may be amended from time to time, which is entered into by and between the Company and
an Executive. Each Plan Agreement shall provide for the entire benefit to which such Executive is entitled under the Plan; should there be more than one Plan Agreement, the Plan Agreement bearing the latest date of execution by the Company shall
supersede all previous Plan Agreements in their entirety and shall govern such entitlement unless otherwise provided in an Executive’s Plan Agreement. The terms of any Plan Agreement may be different for any Executive, and any Plan Agreement
may provide additional benefits not set forth in the Plan or limit the benefits otherwise provided under the Plan; provided, however, that any such additional benefits or benefit limitations must be agreed to by both the Company and the Executive,
which agreement shall be evidenced by their execution of the Plan Agreement. Notwithstanding any of the provisions of this Plan, Executive shall not have any legally binding right to any benefit under the Plan unless and until the time the Executive
and the Company enter into a Plan Agreement with respect to such Benefit. 

  

	 	(z)	“Policy” shall mean that policy or policies of life insurance as described in Section 2 below. 

	 	(aa)	“Post-Retirement Death Benefit” shall mean, with respect to an Executive, the death proceeds payable by the Company (rather than under the Policy by the Insurer) to the
Executive’s Beneficiary, in the amounts set forth in Schedule B of Section 2 of the Executive’s Plan Agreement. Neither the Company nor the Executive shall be responsible in any way for the tax status of the Post-Retirement Death
Benefit. 

  

	 	(bb)	“Premium” shall mean, as to any particular time, the premium as determined under the terms of the Policy. 

  

	 	(cc)	“Pre-Retirement Death Benefit” shall mean, with respect to an Executive, the death proceeds payable under the Policy by the Insurer to the Executive’s Beneficiary, in
the amounts set forth in the Endorsement unless otherwise provided in an Executive’s Plan Agreement. Neither the Company nor the Executive shall be responsible in any way for the tax status of the Pre-Retirement Death Benefit.

  

	 	(dd)	“Retirement”, “Retires”, or “Retired” shall mean, with respect to an Executive, severance from employment with the Company and all Affiliates on
account of his or her Normal Retirement or Approved Early Retirement, as the case may be. 

  

	 	(ee)	“Salary Continuation Benefit”, with respect to an Executive at a particular age, shall have the following meanings unless otherwise provided in an Executive’s Plan
Agreement: 

  

	 	(i)	For (a) a Normal Retirement or (b) an actual Approved Early Retirement at age fifty-five (55) or older, the Executive’s Salary Continuation Benefit shall be the
amount set forth as such in Schedule B of Section 2 of such Executive’s Plan Agreement. 

  

	 	(ii)	For an actual Approved Early Retirement at age fifty-four (54) or younger, an Executive’s Salary Continuation shall be equal to the Salary Continuation Benefit set forth
as such in Schedule B of Section 2 of such Executive’s Plan Agreement for an Approved Early Retirement at age fifty-five (55), discounted at a rate equal to 7.5% per annum, compounded, for each year that the Executive is younger than
age fifty-five (55), including any partial year. 

  

	 	(ff)	“Subsidiary” shall mean any corporation, partnership, limited liability company, venture or other entity in which the Company has at least a 50% equity ownership interest.

  

	 	(gg)	 “Termination of Employment” shall mean, with respect to an Executive, the severing of employment with the Company 

	 	 
and all Affiliates, voluntarily or involuntarily, for any reason other than Retirement, Disability, death or an authorized leave of absence consistent with
the requirements of Section 409A of the Code. 

  

	 	(hh)	“Trust” shall mean the trust, if any, between the Company and the trustee named in the applicable trust agreement, as amended from time to time, which by its terms is
established or maintained in connection with the Plan. 

  

	 	(ii)	“Year” shall mean a period of twelve (12) consecutive calendar months. 

  

	2.	Acquisition of Policy; Ownership of Insurance; Enrollment Requirements. 

  

	 	(a)	Acquisition of Policy; Ownership of Insurance. The parties to this Plan shall cooperate in applying for and obtaining the Policy. The Policy shall be issued to the Company or
Subsidiary named as its sole and exclusive owner, subject to the Endorsement in favor of the Executive. 

  

	 	(b)	Enrollment Requirements. As a condition of participation, each selected Executive must complete, execute and return a Plan Agreement and a Beneficiary Designation Form to the
Administrator. In addition, the Administrative Committee shall establish from time to time such other enrollment requirements as it determines, in its sole discretion, are necessary. 

  

	 	(c)	Executive’s and Beneficiary’s Tax Liability. The Executive acknowledges that, prior to the Endorsement Termination Date, under current law, he or she shall have
taxable income equal to the value of the “economic benefit” derived by the Executive from the Policy’s insurance protection, as determined for Federal income tax purposes. The Executive further acknowledges that, when required under
applicable law, he or she and/or his or her Beneficiary shall have taxable income equal to the economic value of any Benefits to which he or she or his or her Beneficiary become entitled to receive under the Plan after the Endorsement Termination
Date. 

  

	3.	Premium Payments. Prior to the Endorsement Termination Date, the Company or a Subsidiary named as the owner shall pay to the Insurer each Premium on or before the date that
it is due. In the event that the Company or the Subsidiary, as applicable, fails to pay a Premium, or a portion thereof, the Executive may pay, but is not required to pay, such Premium or portion thereof, and the Company or the Subsidiary, as
applicable, shall immediately reimburse the Executive for any amount so paid. Upon and after the Endorsement Termination Date, the Company or the Subsidiary, as applicable, shall be entitled to exercise all of the rights of the owner under the
Policy, including the right in its sole and absolute discretion to pay or not to pay additional Premiums when due in order to keep the Policy in force for the sole benefit of the Company or the Subsidiary. Therefore, upon and after the Endorsement
Termination Date, the Executive shall have no right to be reimbursed by the Company or the Subsidiary, as applicable, for any subsequent payment of Premiums by the Executive to the Insurer. 

	4.	Rights and Interests in the Policy. 

  

	 	(a)	Rights of Company. Except for those rights granted to the Executive in the Endorsement pursuant to Section 4(b) below, the Company or a Subsidiary named as the owner
shall have all of the rights of the owner under the Policy and shall be entitled to exercise all of such rights, options and privileges without the consent of the Executive; provided, however, the Company or Subsidiary named as the owner agrees not
to exercise any right to surrender the Policy before the Endorsement Termination Date. 

  

	 	(b)	Endorsement and Endorsement Termination Date. The Endorsement to the Policy, as specified in Schedule(s) A of Section 2 of the Plan Agreement, shall be in full force and
effect prior to the Endorsement Termination Date. The Endorsement while in effect shall grant to the Executive the right to designate a Beneficiary under the Policy to receive the Executive’s Pre-Retirement Death Benefit, and to change such
designation at any time. Upon and after the Endorsement Termination Date: the Endorsement shall be immediately null, void and of no further effect; the interest of the Executive in the Policy shall irrevocably terminate; no further benefits shall be
due the Executive or his or her Beneficiary under the Policy; and the Executive shall have no further right to designate a Beneficiary under the Policy. 

  

	 	(c)	Conflict. As between the parties hereto, in the event of conflict between the terms of the Endorsement and this Plan, the terms of this Plan shall prevail. The Insurer shall
be bound, however, only by the terms of the Policy and any Endorsement thereto, and shall not be required to pay any amounts to any person in excess of its obligations under the terms of the Policy and any endorsement thereto.

  

	 	(d)	Collection of Policy Proceeds and Source of Payment of Death Benefit. 

  

	 	(i)	If the Executive dies while employed by the Company or a Subsidiary, and a Pre-Retirement Death Benefit is due under Section 6(f), the following steps shall occur promptly
following the Executive’s death: (A) the Company or Subsidiary, as applicable, and the Executive’s Beneficiary shall take all steps necessary to collect the gross proceeds under the Policy; (B) the Insurer shall pay the
Executive’s Pre-Retirement Death Benefit to his or her Beneficiary as specified in Schedule C of the Plan Agreement; and (C) the Insurer shall pay to the Company or Subsidiary, as applicable, the amount, if any, by which the gross proceeds
under the Policy exceed the Pre-Retirement Death Benefit. 

  

	 	(ii)	 If the Executive dies after Retirement, and a Post-Retirement Death Benefit is due under Section 6(c)(i), the 

	 	 
following steps shall occur promptly following the Executive’s death unless otherwise provided in the Executive’s Plan Agreement: (A) the
Company or Subsidiary, as applicable, and the Executive’s Beneficiary shall take all steps necessary to collect the gross proceeds, if any, under the Policy; (B) the Insurer shall pay the gross proceeds, if any, under the Policy to the
Company or Subsidiary, as applicable,; and (C) the Company or Subsidiary, as applicable, shall pay the Executive’s Post-Retirement Death Benefit to the Executive’s Beneficiary as provided in Section 6(c)(i).

  

	 	(iii)	If the Executive dies, and no Death Benefit is due under Section 6(f) or Section 6(c)(i), the following steps shall occur promptly following the Executive’s death:
(A) the Company or Subsidiary, as applicable, and the Executive’s Beneficiary shall take all steps necessary to collect the gross proceeds, if any, under the Policy; (B) the Insurer shall pay the gross proceeds, if any, under the
Policy to the Company; and (C) neither the Insurer or the Company shall pay any death benefit to the Executive’s Beneficiary. 

  

	5.	Insurer. The Insurer is not a party to this Plan, shall in no way be bound by or charged with notice of its terms, and is expressly authorized to act only in accordance with
the terms of the Policy. The Insurer shall be fully discharged from any and all liability under the Policy upon payment or other performance of its obligations in accordance with the terms of the Policy. 

  

	6.	Benefits. 

  

	 	(a)	One Benefit. Notwithstanding any other provision of this Plan that may be construed to the contrary, in no event shall an Executive or his or her Beneficiary or both receive
more than one Benefit under this Plan. 

  

	 	(b)	Retirement Benefit Elections. Subject to the Executive’s continuous employment from the effective date of his or her Plan Agreement until his or her Retirement, the
Executive shall have the right to elect one Form of Retirement Benefit set forth in Section 6(c) below. The Executive’s elections shall be governed by the provisions set forth in this Section 6(b). 

  

	 	(i)	Elections In General; Default Election. An Executive, in connection with his or her commencement of participation in the Plan, shall elect on his or her Plan Agreement to
receive one (1) Form of Retirement Benefit set forth in Section 6(c) in the event of his or her Retirement at the time the Executive first enters into the applicable Plan Agreement. A Form of Retirement Benefit selected in the event of
Normal Retirement may be the same as or different than the Form of Retirement Benefit selected in the event of an Approved Early Retirement. If an Executive does not make any election with respect to the Form of Retirement Benefit, then the
Executive shall be deemed to have elected the Post-Retirement Death Benefit as his or her Form of Retirement Benefit. 

	 	(ii)	Changing Elections. With the approval of the Administrative Committee, an Executive may change his or her Form of Retirement Benefit to an allowable alternative Form of
Retirement Benefit by submitting a new Plan Agreement to the Administrator as follows: 

  

	 	(A)	Except as provided below, any such new Plan Agreement is submitted at least one (1) Year prior to the date of the Executive’s Retirement and such new Plan Agreement may
not take effect until at least one (1) Year after the date on which the new Plan Agreement is submitted and, if related to a payment at a specified time or pursuant to a fixed schedule, may not be made less than one (1) Year prior to the
date the payment is scheduled to be paid (or in the case of a series of installment payments, which shall be treated as a single payment, one (1) Year prior to the date the first amount was scheduled to be paid). Any such Plan Agreement
submitted less than one (1) Year prior to the date of the Executive’s Retirement shall be null and void. In the event an Executive changes his or her Form of Retirement Benefit pursuant to this clause (A), commencement of payment thereof
shall be automatically deferred for five (5) Years from the date payment would otherwise have been made, provided however, that an election of the Post-Retirement Death Benefit as the Form of Retirement Benefit shall not require a delay in
payment if not required by Section 409A(a)(4) of the Code. Notwithstanding anything to the contrary in the foregoing, no new Plan Agreement shall permit an acceleration of the time or schedule of any payment under the Plan in violation of
Section 409A(a)(3) of the Code (including, if applicable, a change from a Post-Retirement Death Benefit to a Lump Sum Benefit or a Salary Continuation Benefit). 

  

	 	(B)	Pursuant to transition rules under Section 409A of the Code, the Executive may change his or her Form of Retirement Benefit by submitting a new Plan Agreement on or before
December 31, 2008. 

  

	 	(C)	Pursuant to transition rules under Section 409A of the Code, the Executive may change his or her Form of Retirement Benefit by submitting a new Plan Agreement on or before
December 31, 2008, provided that the Executive cannot in 2008 change his or her Form of Retirement Benefit with respect to payments that the Executive would otherwise receive in 2008 or to cause payments to be made in 2008 that Executive would
otherwise receive after 2008. 

 Subject to the rule of clause (A) above that a new Plan Agreement be submitted at least
one (1) Year prior to the date of the Executive’s Retirement in order to become effective, the Plan Agreement most recently accepted by the Administrator shall determine which Form of Retirement Benefit under Section 6(c) shall be
received by the Executive. 

	 	(c)	Form of Retirement Benefit. The Form of Retirement Benefit and its payment shall be as follows: 

  

	 	(i)	Post-Retirement Death Benefit. If the Executive elects to receive the Post-Retirement Death Benefit as the Form of Retirement Benefit, the Executive shall receive continued
coverage under the Plan (but not the Policy) after his or her Retirement. The Executive’s Post-Retirement Death Benefit shall be paid to his or her Beneficiary upon the Executive’s death in a lump sum in accordance with Section 4(d).
The lump sum payment shall be made as soon as administratively practicable after the date of the Executive’s death. The Administrator must be provided with proof that is satisfactory to the Administrative Committee of the Executive’s
death. The Executive acknowledges that his or her Beneficiary will be considered to have taxable compensation income that is equal in amount to the Death Benefit where the Endorsement Termination Date has occurred prior to the Executive’s
death. The Executive’s Plan Agreement shall terminate when the Post-Retirement Death Benefit is paid to the Executive’s Beneficiary. 

  

	 	(ii)	Lump Sum Benefit. If the Executive elects to receive the Lump Sum Benefit as the Form of Retirement Benefit, the Executive’s Lump Sum Benefit shall be paid to the
Executive six (6) months after the date of the Executive’s Retirement. The Executive acknowledges that, under current tax law, he or she will be considered to have taxable compensation income on such payment date in an amount equal to the
Lump Sum Benefit. The Executive’s Plan Agreement shall terminate when the Lump Sum Benefit is paid to the Executive. 

  

	 	(iii)	 Salary Continuation Benefit. If the Executive elects to receive the Salary Continuation Benefit as the Form of Retirement Benefit, the Executive shall be
paid his or her Salary Continuation Benefit in 120 equal payments with an amount comprising six (6) of such payments being made six (6) months after the date of the Executive’s Retirement and the remaining 114 payments over a period
of 114 months, which payments shall commence seven (7) months after the date of the Executive’s Retirement. Notwithstanding any provision of this Plan that may be construed to the contrary, if an Executive who elects the Salary
Continuation Benefit provided for by this Section 6(c)(iii) dies after his or her Retirement but before his or her Salary Continuation Benefit is paid in full, the Executive’s unpaid Salary Continuation Benefit payments shall continue and
shall be paid to the Executive’s Beneficiary over the remaining number of months and in the same amounts as the Salary Continuation Benefit payments would have been paid to the Executive had the Executive survived. The Executive acknowledges
that he 

	 	 
or she and/or his or her Beneficiary will be considered to have taxable compensation income attributable to the Salary Continuation Benefit payments under
this Section 6(c)(iii). The Executive’s Plan Agreement shall terminate when the final Salary Continuation Benefit payment is made to the Executive or the Executive’s Beneficiary. 

  

	 	(d)	Joint and Survivor Insurance Coverage Benefit. Subject to Section 6(a) above, if authorized by the Administrative Committee, the Executive may at any time at which an
initial election of a Retirement Benefit may be made under Section 6(b)(i) or at which a Retirement Benefit may be changed under Section 6(b)(ii)(B) or (C), but in no event at or after the earlier of (i) June 30, 2007 or
(ii) the Endorsement Termination Date, in a form and manner acceptable to the Administrative Committee, elect to receive the Joint and Survivor Insurance Coverage Benefit in lieu of any other Benefit under this Plan. If the Executive elects to
receive the Benefit in the form of the Joint and Survivor Insurance Coverage Benefit, the Executive shall receive joint and survivor insurance coverage under the Massey Joint and Survivor Split Dollar Insurance Plan in lieu of any other Benefit
under this Plan, in which event the Endorsement Termination Date shall occur and the Executive’s Plan Agreement shall immediately terminate. This election is no longer available under the Plan. 

  

	 	(e)	Disability Benefit. In the event that the Administrative Committee determines that the Executive has experienced a Disability, then, regardless of any election by the
Executive to the contrary and except as otherwise provided in this Section 6(e), the only Benefit payable with respect to such Executive shall the Pre-Retirement Death Benefit; provided, however, that such Benefit shall be payable as a
Disability Benefit pursuant to this Section 6(e) only if the Executive dies on or before the second anniversary of the date he or she becomes Disabled (the “Second Anniversary Date”). After the Second Anniversary Date, the obligation
of the Company to provide any Benefit whatsoever with regard to such Executive under this Plan shall terminate. Notwithstanding the foregoing, if the Administrative Committee so determines and sets forth in the Plan Agreement, the Executive shall be
deemed to have experienced an Approved Early Retirement when Executive severs from employment on account of a Disability. If applicable, the Executive then shall be deemed for purposes of the calculation of the Lump Sum Benefit or Salary
Continuation Benefit to be Retiring on the date he severs from employment on account of a Disability. Notwithstanding anything to the contrary in the foregoing, no new Plan Agreement shall permit an acceleration of the time or schedule of any
payment under the Plan in violation of Section 409A(a)(3) of the Code. 

  

	 	(f)	 Pre-Retirement Death Benefit. If the Executive dies prior to the Endorsement Termination Date and prior to experiencing a Termination of Employment, then his
or her Pre-Retirement Death Benefit shall be paid pursuant to Section 4(d). The 

	 	 
Pre-Retirement Death Benefit shall be paid to his or her Beneficiary as soon as administratively practicable after the Executive’s death. The
Administrator must be provided with proof, that is satisfactory to the Insurer and the Administrative Committee, of the Executive’s death. 

  

	 	(g)	Change in Control Benefit. If the Executive experiences an Adverse Change of Employment Condition within twenty-four (24) months following a Change in Control Event, the
Executive shall be deemed to have experienced an Approved Early Retirement as of the date of such Adverse Change of Employment Condition and payment thereof shall be made six (6) months after the occurrence of such Adverse Change of Employment
Condition; provided, however, that, notwithstanding the Executive’s election, the Form of Retirement Benefit for purposes of this Section 6(g) shall be the Lump Sum Benefit. 

  

	7.	Beneficiary Designation. 

  

	 	(a)	Beneficiary. Each Executive shall have the right, at any time, to designate his or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits payable
under the Plan to a beneficiary upon the death of an Executive. The Beneficiary designated under this Plan may be the same as or different from the Beneficiary designation under any other plan of the Company in which the Executive participates.

  

	 	(b)	Beneficiary Designation; Change; Spousal Consent. An Executive shall designate his or her Beneficiary by completing and signing the Beneficiary Designation Form, and
returning it to the Administrator or its designated agent. An Executive shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Administrator’s rules
and procedures, as in effect from time to time. Unless an Executive’s Plan Agreement does not require spousal consent in connection with naming or changing a designated Beneficiary, if the Executive names someone other than his or her spouse as
a Beneficiary, a spousal consent, in the form designated or approved by the Administrator, must be signed by that Executive’s spouse and returned to the Administrator. Upon the acceptance by the Administrator of a new Beneficiary Designation
Form, all Beneficiary designations previously filed shall be canceled. The Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Administrator prior to his or her death.

  

	 	(c)	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received and acknowledged in writing by the Administrator or its designated
agent. 

  

	 	(d)	 No Beneficiary Designation. If an Executive fails to designate a Beneficiary as provided in Sections 7(a), 7(b) and 7(c) above, or if all designated
Beneficiaries predecease the Executive or die prior to complete distribution of the Executive’s 

	 	 
benefits, then the Executive’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the Executive has no surviving spouse, the
benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the Executive’s estate. 

  

	 	(e)	Doubt as to Beneficiary. If the Administrative Committee has any doubt as to the proper Beneficiary to receive payments pursuant to this Plan, the Administrative Committee
shall have the right, exercisable in its discretion, to withhold such payments until this matter is resolved to the Administrative Committee’s satisfaction. 

  

	 	(f)	Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge the Company from all further obligations under this
Plan with respect to the Executive, and that Executive’s Plan Agreement shall terminate upon such full payment of benefits. 

  

	8.	Administration of Plan. 

  

	 	(a)	Prior to a Change in Control Event. Prior to a Change in Control Event, this Plan shall be administered by an Administrative Committee comprised of the members of the
Compensation Committee of the board of directors of the Company, unless such Compensation Committee appoints another group to serve as the Administrative Committee. Any such other group shall consist three (3) or more persons. Members of the
Administrative Committee may be Executives under this Plan. The Administrative Committee shall also have the discretion and authority to (i) make, amend, interpret, and enforce all appropriate rules and regulations for the administration of
this Plan and (ii) decide or resolve any and all questions including interpretations of this Plan, as may arise in connection with the Plan. Any individual serving on the Administrative Committee who is an Executive shall not vote or act on any
matter relating solely to himself or herself. 

  

	 	(b)	 Upon and After a Change in Control Event. For purposes of this Plan, the Company shall be the “Administrator” at all times prior to the occurrence
of a Change in Control Event. Upon and after the occurrence of a Change in Control Event, the “Administrator” shall be an independent third party selected by the individual who, immediately prior to such event, was the Company’s Chief
Executive Officer or, if not so identified, the Company’s highest ranking officer (the “Ex-CEO”). The Administrator shall have the discretionary power to determine all questions arising in connection with the administration of the
Plan and the interpretation of the Plan including, but not limited to benefit entitlement determinations. When making a determination or calculation, the Administrator shall be entitled to rely on information furnished by an Executive or the
Company. Upon and after the occurrence of a Change in Control Event the Company must: (i) pay all reasonable administrative expenses and fees of the Administrator; (ii) indemnify the Administrator against any costs, 

	 	 
expenses and liabilities including, without limitation, attorney’s fees and expenses arising in connection with the performance of the Administrator
hereunder, except with respect to matters resulting from the gross negligence or willful misconduct of the Administrator or its employees or agents; and (iii) supply full and timely information to the Administrator or all matters relating to
the Plan, the Executives and their Beneficiaries, the date of circumstances of the Normal Retirement, Approved Early Retirement, Disability, death or Termination of Employment of the Executives, and such other pertinent information as the
Administrator may reasonably require. Upon and after a Change in Control Event, the Administrator may be terminated (and a replacement appointed) only by the approval of the Ex-CEO. Upon and after a Change in Control Event, the Administrator may not
be terminated by the Company. 

  

	 	(c)	Binding Effect of Decisions. The decision or action of the Administrative Committee, and if not contrary to the Administrative Committee’s determination, the
Administrator with respect to any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all
persons having any interest in the Plan. 

  

	 	(d)	Indemnity of Administrative Committee and Administrator. The Company shall indemnify and hold harmless the members of the Administrative Committee and the Administrator, and
any person to whom duties of the Administrative Committee or Administrator may be delegated, against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to this Plan, except in the case
of willful misconduct by the Administrative Committee, the Administrator, any of its members, or any such person. 

  

	 	(e)	Information. To enable the Administrative Committee and the Administrator to perform their functions, the Company shall supply full and timely information to the
Administrative Committee and the Administrator on all matters relating to the compensation of its Executives, the date and circumstances of the Normal Retirement, Approved Early Retirement, Disability, death or Termination of Employment of its
Executives, and such other pertinent information as the Administrative Committee or the Administrator may reasonably require. 

  

	9.	Plan; Named Fiduciary. 

  

	 	(a)	Plan. This Plan is part of the Massey Executives’ Supplemental Benefit Plan, and is comprised of the Plan described in this instrument plus all Plan Agreements that so
reference their association with the Plan. 

  

	 	(b)	Fiduciary. The Company is the named fiduciary of the Plan for purposes of this Plan. 

	10.	Claims Procedure. 

  

	 	(a)	The Executive, or his or her Beneficiary, if he or she is dead (the “claimant”) shall have the right to request any benefit under the Plan by filing a written claim for
any such benefit with the Administrator on a form provided or approved by the Administrator for such purpose. The Administrator (or a claims fiduciary appointed by the Administrator) shall give such claim due consideration and shall either approve
or deny it in whole or in part. The following procedure shall apply: 

  

	 	(i)	The Administrator (or a claims fiduciary appointed by the Administrator) may schedule and hold a hearing. 

  

	 	(ii)	If the claim is not a Disability Benefit Claim, within ninety (90) days following receipt of such claim by the Administrator, notice of any approval or denial thereof, in whole
or in part, shall be delivered to the claimant or his duly authorized representative or such notice of denial shall be sent by mail (postage prepaid) to the claimant or his duly authorized representative at the address shown on the claim form or
such individual’s last known address. The aforesaid ninety (90) day response period may be extended to one hundred eighty (180) days after receipt of the claimant’s claim if special circumstances exist and if written notice of
the extension to one hundred eighty (180) days indicating the special circumstances involved and the date by which a decision is expected to be made is furnished to the claimant or his duly authorized representative within ninety (90) days
after receipt of the claimant’s claim. 

  

	 	(iii)	 If the claim is a Disability Benefit Claim, within forty-five (45) days following receipt of such claim by the Administrator, notice of any approval or denial
thereof, in whole or in part, shall be delivered to the claimant or his duly authorized representative or such notice of denial shall be sent by mail to the claimant or his duly authorized representative at the address shown on the claim form or
such individual’s last known address. The aforesaid forty-five (45) day response period may be extended to seventy-five (75) days after receipt of the claimant’s claim if it is determined that such an extension is necessary due
to matters beyond the control of the Plan and if written notice of the extension to seventy-five (75) days indicating the circumstances involved and the date by which a decision is expected to be made is furnished to the claimant or his duly
authorized representative within forty-five (45) days after receipt of the claimant’s claim. Thereafter, the aforesaid seventy-five (75) day response period may be extended to one hundred five (105) days after receipt of the
claimant’s claim if it is determined that such an extension is necessary due to matters beyond the control of the Plan and if written notice of the extension to one hundred five (105) days indicating the circumstances involved and the date
by which a decision is expected to be 

	 	 
made is furnished to the claimant or his duly authorized representative within seventy-five (75) days after receipt of the claimant’s claim. In the
event of any such extension, the notice of extension shall specifically explain, to the extent applicable, the standards on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim, and the additional
information needed to resolve those issues, and the claimant shall be afforded at least forty-five (45) days within which to provide any specified information which is to be provided by the claimant. 

  

	 	(iv)	Any notice of denial shall be written in a manner calculated to be understood by the claimant and shall: 

  

	 	(A)	set forth a specific reason or reasons for the denial, 

  

	 	(B)	make reference to the specific provisions of the Plan document or other relevant documents, records or information on which the denial is based, 

  

	 	(C)	describe any additional material or information necessary for the claimant to perfect the claim and explain why such material or information is necessary, 

 

	 	(D)	explain the Plan’s claim review procedures, including the time limits applicable to such procedures (which are generally contained in Section 22(b)), and provide a
statement of the claimant’s right to bring a civil action in state or federal court under Section 502(a) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) following an adverse determination on review of
the claim denial, 

  

	 	(E)	in the case of a Disability Benefit Claim, if an internal rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination, either provide
the specific rule, guideline, protocol or other similar criterion, or provide a statement that such a rule, guideline, protocol or other similar criterion was relied upon in making the adverse determination and that a copy of such rule, guideline,
protocol or other criterion will be provided free of charge to the claimant or his duly authorized representative upon request in writing, and 

  

	 	(F)	In the case of a Disability Benefit Claim, if the adverse benefit determination is based on a medical necessity or experimental treatment or similar exclusion or limit, either
provide an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to the claimant’s medical circumstances, or provide a statement that such explanation will be provided free of charge upon
request in writing. 

	 	(b)	An Executive or Beneficiary whose claim filed pursuant to Section 22(a) has been denied, in whole or in part, may, within sixty (60) days (or one hundred eighty
(180) days in the case of a Disability Benefit Claim) following receipt of notice of such denial, make written application to the Administrator for a review of such claim, which application shall be filed with the Administrator. For purposes of
such review, the following procedure shall apply: 

  

	 	(i)	The Administrator (or a claims fiduciary appointed by the Administrator) may schedule and hold a hearing. 

  

	 	(ii)	The claimant or his duly authorized representative shall be provided the opportunity to submit written comments, documents, records, and other information relating to the claim for
benefits. 

  

	 	(iii)	The claimant or his duly authorized representative shall be provided, upon request in writing and free of charge, reasonable access to, and copies of, all documents, records, and
other information relevant to such claim and may submit to the Administrator written comments, documents, records, and other information relating to such claim. 

  

	 	(iv)	The Administrator (or a claims fiduciary appointed by the Administrator) shall make a full and fair review of any denial of a claim for benefits, which shall include:

  

	 	(A)	taking into account all comments, documents, records, and other information submitted by the claimant or his duly authorized representative relating to the claim, without regard to
whether such information was submitted or considered in the initial benefit determination, and 

  

	 	(B)	in the case of a Disability Benefit Claim: 

  

	 	(I)	providing for a review that does not afford deference to the initial claim denial and that is conducted by an appropriate named fiduciary of the Plan who is neither the individual
who made the claim denial that is the subject of the review, nor the subordinate of such individual, 

  

	 	(II)	in making its decision on a review of any claim denial that is based in whole or in part on a medical judgment, including determinations with regard to whether a particular
treatment, drug, or other item is experimental, investigational, or not medically necessary or appropriate, consulting with a health care professional who has appropriate training and experience in the field of medicine involved in the medical
judgment, 

	 	(III)	providing to the claimant or his authorized representative, either upon request in writing and free of charge or automatically, the identification of medical or vocational experts
whose advice was obtained on behalf of the Plan in connection with the claim denial that is the subject of the review, without regard to whether the advice was relied upon in making the benefit determination, and 

  

	 	(IV)	ensuring that the health care professional engaged for purposes of a consultation under clause (iv)(B)(II) of this Section 22(B) shall be an individual who is neither an
individual who was consulted in connection with the claim denial that is the subject of the review, nor the subordinate of any such individual. 

  

	 	(v)	If the claim is not a Disability Benefit Claim, the decision on review shall be issued promptly, but no later than sixty (60) days after receipt by the Administrator of the
claimant’s request for review, or one hundred twenty (120) days after such receipt if a hearing is to be held or if other special circumstances exist and if written notice of the extension to one hundred twenty (120) days indicating
the special circumstances involved and the date by which a decision is expected to be made on review is furnished to the claimant or his duly authorized representative within sixty (60) days after the receipt of the claimant’s request for
a review. 

  

	 	(vi)	If the claim is a Disability Benefit Claim, the decision on review shall be issued promptly, but no later than forty-five (45) days after receipt by the Administrator of the
claimant’s request for review, or ninety (90) days after such receipt if a hearing is to be held or if other special circumstances exist and if written notice of the extension to ninety (90) days indicating the special circumstances
involved and the date by which a decision is expected to be made on review is furnished to the claimant or his duly authorized representative within forty-five (45) days after the receipt of the claimant’s request for a review.

  

	 	(vii)	The decision on review shall be in writing, shall be delivered or mailed by the Administrator to the claimant or his duly authorized representative in the manner prescribed in
Section 22(a) for notices of approval or denial of claims, shall be written in a manner calculated to be understood by the claimant and shall in the case of an adverse determination: 

  

	 	(A)	include the specific reason or reasons for the adverse determination, 

  

	 	(B)	make reference to the specific provisions of the Plan on which the adverse determination is based, 

	 	(C)	include a statement that the claimant is entitled to receive, upon request in writing and free of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claimant’s claim for benefits, 

  

	 	(D)	include a statement of the claimant’s right to bring a civil action in state or federal court under Section 502(a) of ERISA following the adverse determination on review,

  

	 	(E)	in the case of a Disability Benefit Claim, if an internal rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination, either provide
the specific rule, guideline, protocol or other similar criterion, or provide a statement that such a rule, guideline, protocol or other similar criterion was relied upon in making the adverse determination and that a copy of such rule, guideline,
protocol or other criterion will be provided free of charge to the claimant or his duly authorized representative upon request in writing, 

  

	 	(F)	in the case of a Disability Benefit Claim, if the adverse benefit determination is based on a medical necessity or experimental treatment or similar exclusion or limit, either
provide an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to the claimant’s medical circumstances, or provide a statement that such explanation will be provided free of charge upon
request in writing, and 

  

	 	(G)	in the case of a Disability Benefit Claim, provide the following statement (if applicable and appropriate): “You and your plan may have other voluntary alternative dispute
resolution options, such as mediation. One way to find out what may be available is to contact your local U.S. Department of Labor Office and your State insurance regulatory agency.” 

 The Administrator’s decision made in good faith shall be final. 
  

	 	(c)	The period of time within which a benefit determination initially or on review is required to be made shall begin at the time the claim or request for review is filed in accordance
with the procedures of the Plan, without regard to whether all the information necessary to make a benefit determination accompanies the filing. In the event that a period of time is extended as permitted pursuant to this Section 22 due to the
failure of a claimant or his duly authorized representative to submit information necessary to decide a claim or review, the period for making the benefit determination shall be tolled from the date on which the notification of the extension is sent
to the claimant or his duly authorized representative until the date on which the claimant or his duly authorized representative responds to the request for additional information. 

	 	(d)	For purposes of the Plan’s claims procedure: 

  

	 	(i)	A “Disability Benefit Claim” is a claim for a Plan benefit whose availability is conditioned on a determination of disability and where the Plan’s claim’s
adjudicator must make a determination of disability in order to decide the claim. A claim is not a Disability Benefit Claim where the determination of disability is made by a party (other than the Plan’s claim’s adjudicator or other
fiduciary) outside the Plan for purposes other than making a benefit determination under the Plan (such as a determination of disability by the Social Security Administration or under the Employer’s long term disability plan).

  

	 	(ii)	A document, record, or other information shall be considered “relevant” to a claimant’s claim if such document, record, or other information (A) was relied upon
in making the benefit determination, (B) was submitted, considered, or generated in the course of making the benefit determination, without regard to whether such document, record, or other information was relied upon in making the benefit
determination, (C) demonstrates compliance with the administrative processes and safeguards required in making the benefit determination, or (D) in the case of a Disability Benefit Claim, constitutes a statement of policy or guidance with
respect to the Plan concerning the denied treatment option or benefit for the claimant’s diagnosis, without regard to whether such advice or statement was relied upon in making the benefit determination. 

  

	 	(e)	Notwithstanding anything to the contrary in the foregoing, the Administrative Committee, at its own instigation, may assume the initial claims or claims appeal decision making
authority granted to the Administrator (or a claims fiduciary appointed by the Administrator) in connection with any claim made prior to a Change in Control Event. 

  

	11.	Nonqualified Deferred Compensation Plan Omnibus Provisions. 

  

	 	(a)	Notwithstanding any other provision of this Plan or any Plan Agreement, it is intended that any payment or benefit which is provided pursuant to or in connection with this Plan or
any Plan Agreement which is considered to be nonqualified deferred compensation subject to Section 409A of the Code shall be provided and paid in a manner, and at such time and in such form, as complies with the applicable requirements of
Section 409A of the Code to avoid the unfavorable tax consequences provided therein for non-compliance. 

  

	 	(b)	 Notwithstanding any other provision of this Plan or any Plan Agreement, the board of directors of the Company and the 

	 	 
Administrative Committee are each authorized to amend this Plan or any Plan Agreement, and the Administrative Committee shall require any election made by
the Executive under this Plan or any Plan Agreement to be voided and/or a delay in the payment of any monies and/or provision of any benefits at its expense in such manner as may be determined by the Administrative Committee to be necessary or
appropriate to comply, or to evidence or further evidence required compliance, with Section 409A of the Code (including any transition or grandfather rules thereunder). If the Executive’s separation from service occurs and if the Executive
is a key employee (as defined in Section 416(i) of the Code without regard to paragraph (5) thereof) and the stock of the Company is publicly traded on an established securities market as provided in Section 409A(a)(2)(B)(i) of the
Code, then payment of any amount or provision of any benefit under this Plan or any Plan Agreement which is considered to be nonqualified deferred compensation subject to Section 409A of the Code shall be deferred until (6) six months
after the Executive’s separation from service (the “409A Deferral Period”). In the event such payments are otherwise due to be made in installments or periodically during the 409A Deferral Period, the payments which would otherwise
have been made in the 409A Deferral Period shall be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled. In the event, benefits are required to be
deferred, any such benefit may be provided during the 409A Deferral Period at the Executive’s expense, with the Executive having a right to reimbursement from the Company once the 409A Deferral Period ends, and the balance of the benefits shall
be provided as otherwise scheduled. 

  

	 	(c)	Notwithstanding the time or payment otherwise provided in the Plan or a Plan Agreement: 

  

	 	(i)	Payment of any Benefit may be delayed for a reasonable period in the event the payment is not administratively practical due to events beyond the recipient’s control such as
where there is a dispute as to amount due or the proper recipient of such benefit payment, or additional time is needed to calculate or determine the Benefit or where Section 409A otherwise allows. 

  

	 	(ii)	Payments shall be delayed in the following circumstances: 

  

	 	(A)	Where the Company reasonably anticipates that if the payment were made as scheduled, the Company’s or the Subsidiary’s deduction with respect to such payment would not be
permitted due to the application of Section 162(m) of the Code; or 

  

	 	(B)	Where the Company reasonably anticipates that the payment will violate Federal securities laws or other applicable laws; or 

	 	(C)	Upon such other events and conditions as Section 409A prescribes or as the Commissioner may prescribe in generally applicable guidance published in the Internal Revenue
Bulletin; 

 provided, that any payment delayed by operation of this clause (ii) will be made at the earliest date at
which the Company reasonably anticipates that the payment will not be limited or cause the violations described above and all payments that could be so delayed are also delayed to the extent required by Section 409A of the Code. 
  

	 	(iii)	Payments may be accelerated upon such events and conditions as allowed for acceleration under Section 409A of the Code. 

  

	12.	Withholding; Income and Employment Taxes. 

  

	 	(a)	Prior to the Endorsement Termination Date, if the Executive has an economic benefit under this Plan, the Company shall withhold from that Executive’s cash compensation, or the
Beneficiary’s payment, in a manner determined by the Company, the Executive’s or Beneficiary’s share of all federal, state and local income taxes, FICA and other employment taxes on such economic benefit. 

  

	 	(b)	The Company, or the trustee of the Trust, shall withhold from any Benefit payments made to an Executive or his or her Beneficiary under this Plan all federal, state and local income
taxes, FICA and other employment taxes required to be withheld by the Company, or the trustee of the Trust, in connection with such Benefit payments, in amounts and in a manner to be determined in the sole discretion of the Company and the trustee
of the Trust. 

  

	13.	Protective Provisions. The Executive will cooperate with the Company by furnishing any and all information requested by the Company in order to facilitate the payments of
benefits hereunder, taking such physical examinations as the Company may deem necessary ad taking such other action as may be required by the Company. If any Executive commits suicide during the two-year period commencing upon the date of his or her
Plan Agreement, or if an Executive makes any material misstatements of information or nondisclosure of medical history, then no benefits shall be payable hereunder, or, in the sole discretion of the Administrative Committee, benefits may be payable
in a reduced amount. 

  

	14.	 Amendment of Plan; Termination. This Plan shall not be modified or amended except by a writing signed by the Company and the Executive. Except as otherwise
provided in the next sentence and subject to the limitation on plan termination under Section 409A of the Code, either party may terminate this Plan, and Executive’s participation in the Plan, at any time, provided that the obligations of
the party terminating the Plan and the Plan with respect to the Executive are performed in full under the Plan as of the time of the termination. Notwithstanding the foregoing and any other provision of this Plan that may be construed 

	 	 
to the contrary, upon and after a Change in Control Event, neither this Plan, nor the Executive’s participation in this Plan, may be terminated by the
Company without the express written consent of the Executive, which consent may be unreasonably withheld. Termination of the Plan shall mean termination of active participation by Executives, but shall not mean immediate payment of Benefits unless
the Company so directs and Section 409A of the Code permits such payment. On termination of the Plan, the board of directors of the Company may provide for the acceleration of payment of the vested Benefits on such basis as it may direct,
provided, however that any acceleration of payments shall be permitted only in accordance with the conditions set forth in Section 409A of the Code. 

  

	15.	Binding Plan. This Plan shall inure to the benefit of, be binding upon, and be enforceable by the heirs, administrators, executors, successors and assigns of each party to
this Plan. 

  

	16.	State Law. This Plan shall be subject to and be construed under the internal laws of the State of Delaware, without regard to its conflicts of laws principles.

  

	17.	Validity. In case any provision of this Plan shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts of this Plan, but
this Plan shall be construed and enforced as if such illegal or invalid provision had never been inserted in this Plan. 

  

	18.	Not a Contract of Employment. The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between the Company and the Executive. Such
employment is hereby acknowledged to be an “at will” employment relationship that can be terminated at any time for any reason, with or without cause, unless expressly provided in a separate written employment Plan. Nothing in this Plan
shall be deemed to give the Executive the right to be retained in the service of the Company or to interfere with the right of the Company to discipline or discharge the Executive at any time. 

  

	19.	Notice. Any notice or filing required or permitted to be given under this Plan to the Company or to the Insurer (provided the Insurer is one of the companies listed below)
shall be sufficient if in writing and hand-delivered, or sent by registered or certified mail, to the address below: 

 If to
the Company: 
 Massey Energy Company 
 4 North Fourth Street 
 Richmond, VA 23210 
 Attn: Vice President, Human Resources 

 If to the Insurer: 
 Security Life Insurance Company of Denver, Inc. 
 Security Life Center 
 1290 Broadway 
 Denver, Colorado 80203

 Sun Life Assurance Company of Canada 
 Sun Life Executive Park, SC 2145 
 Wellesley Hills, MA 02181 
  

	20.	Unsecured General Creditor. Executives and their Beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests or claims in any property or
assets of the Company. For purposes of the payment of benefits under this Plan, any and all of the Company’s assets shall be, and remain, the general, unpledged unrestricted assets of the Company. The Company’s obligation under the Plan
shall be merely that of an unfunded and unsecured promise to pay money in the future. 

  

	21.	Discharge of Obligations. The full payment of Benefits due under the Plan to an Executive or his or her Beneficiary shall fully and completely discharge the Company from all
further obligations under the Plan with respect to the Executive and his or her Beneficiary, and the Executive’s Plan Agreement shall terminate upon such full payment of Benefits. 

  

	22.	 Legal Fees To Enforce Rights After Change in Control Event. The Company is aware that upon the occurrence of a Change in Control Event, the board of
directors of the Company (which might then be composed of new members) or a shareholder of the Company or of any successor corporation might then cause or attempt to cause the Company or such successor to refuse to comply with its obligations under
the Plan and might cause or attempt to cause the Company to institute, or may institute, litigation seeking to deny the Executive the benefits intended under the Plan. In these circumstances, the purpose of the Plan could be frustrated. Accordingly,
if, following a Change in Control Event, it should appear to any Executive or the Administrator that the Company or any successor corporation has failed to comply with any of its obligations under the Plan or any agreement thereunder or, if the
Company or any other person takes any action to declare the Plan void or unenforceable or institutes any litigation or other legal action designed to deny, diminish or to recover from any Executive the benefits intended to be provided, then the
Company irrevocably authorizes such Executive or the Administrator or both to retain counsel of his or her or their choice(s) at the expense of the Company to represent such Executive or the Administrator or both, as the case may be, in 

	 	 
connection with the initiation or defense of any litigation or other legal action, whether by or against the Company or any director, officer, shareholder or
other person affiliated with the Company, or any successor thereto in any jurisdiction. The Executive or the Administrator or both, as the case may be, shall be entitled to receive advances from the Company on demand in the amount of the
attorney’s fees and expenses incurred in accordance with this Section 22. Any advances or reimbursements to be paid in accordance with this Section 22 must be paid as soon as administratively practicable after the Executive incurs the
expense. 

  

	23.	Entire Plan. This Plan constitutes the entire Plan between the parties hereto with regard to the subject matter of this Plan and supersedes all previous negotiations, plans
and commitments in respect thereto. No oral explanation or oral information by either of the parties to this Plan shall alter the meaning or interpretation of this Plan. This Plan may not be amended or modified except by a written instrument
executed by the Company and the Executive. 

  

	24.	Effect of Amendment and Restatement. Notwithstanding the foregoing and any other provision of this Plan that may be construed to the contrary, this amendment and restatement may
not change the timing and the form of any payment to be paid any Executive with respect to any payments that the Executive would otherwise receive in 2008 or cause payments to be made in 2008 that Executive would otherwise receive after 2008. To the
extent that prohibition would be violated, the timing of payment and the form of the benefit shall be paid consistent with the Plan and Plan Agreements in effect before this amendment and restatement. 

  
 IN WITNESS WHEREOF, the Company has executed this Plan as of the date first written above.

  

			
	 “Company”
 Massey Energy Company, a
Delaware corporation

		
	By:	 	 /s/ John M. Poma

	Its:	 	 Vice President - Human Resources

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00151-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00151-of-00352.parquet"}]]