SEC Contract Filing

Filing Date: 2015-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.Y
<SEQUENCE>2
<FILENAME>c311-20141231ex10y3a6374.htm
<DESCRIPTION>EX-10.Y
<TEXT>
<!--HTML document created with Rivet Software Powered by Crossfire 5.11.100.0-->
<!--Created on: 2/26/2015 7:36:18 PM-->
<html>
	<head>
 <title>
 EX-10Y
 </title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
 <p style="margin:0pt;text-align:right;font-weight:bold;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <a name="_GoBack"></a><font style="display: inline;font-size:12pt;">E</font><font style="display: inline;font-size:12pt;">xhibit </font><font style="display: inline;font-size:12pt;">1</font><font style="display: inline;font-size:12pt;">0</font><font style="display: inline;font-size:12pt;">(</font><font style="display: inline;font-size:12pt;">y</font><font style="display: inline;font-size:12pt;">)</font>
 </p>
 <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
 <font style="display: inline;font-weight:bold;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;font-weight:bold;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
 <font style="display: inline;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-weight:bold;font-size:12pt;">AMENDMENT NO. 1 </font>
 </p>
 <p style="margin:0pt;text-align:center;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-weight:bold;font-size:12pt;">TO THE</font>
 </p>
 <p style="margin:0pt;text-align:center;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-weight:bold;font-size:12pt;">ONCOR SALARY DEFERRAL PROGRAM</font>
 </p>
 <p style="margin:0pt 0pt 6pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
 <font style="display: inline;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;">This Amendment No. 1 to the Oncor Salary Deferral Program is effective as of February 25, 2015.</font>
 </p>
 <p style="margin:0pt;line-height:normal;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;">WHEREAS, Oncor Electric Delivery Company LLC (the &#x201C;Company&#x201D;) adopted the Oncor Salary Deferral Program (the &#x201C;Plan&#x201D;) effective as of January 1, 2010, to provide a mechanism for certain key employees of the Company to defer a portion of their Salary and Bonus, to motivate key employees, and to recognize the contributions of such employees to the Company; and </font>
 </p>
 <p style="margin:0pt;line-height:normal;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;">WHEREAS, the Company now desires to amend the Plan to permit the Company to make, from time to time at the direction of the Organization &amp; Compensation Committee of the Company&#x2019;s Board of Directors, discretionary Company contributions to individual Participants selected by the Company; and </font>
 </p>
 <p style="margin:0pt;line-height:normal;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;">WHEREAS, pursuant to Section 14.1 of the Plan, the Board of Directors of the Company may amend the Plan at any time.</font>
 </p>
 <p style="margin:0pt;line-height:normal;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;line-height:normal;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:12pt;">NOW, THEREFORE, the Plan is hereby amended as follows.</font>
 </p>
 <p style="margin:0pt;line-height:normal;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times N