First Amendment to the Amended and Restated Alliance Resource Management GP, LLC Supplemental Executive Retirement Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment transfers the sponsorship of the Supplemental Executive Retirement Plan from Alliance Resource Management GP, LLC to Alliance Coal, LLC. Effective May 15, 2006, all references to the former sponsor in the plan are replaced with the new sponsor's name. Both companies, represented by their Senior Vice President, agree to this change, which ensures that Alliance Coal, LLC now administers and is responsible for the plan.

Read More Arrow
EX-10.50 4 dex1050.htm FIRST AMENDMENT TO THE AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT First Amendment to the Amended and Restated Supplemental Executive Retirement

Exhibit 10.50

FIRST AMENDMENT

TO THE AMENDED AND RESTATED

ALLIANCE RESOURCE MANAGEMENT GP, LLC

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

WHEREAS, Alliance Resource Management GP, LLC (the “Company”) maintains the Alliance Resource Management GP, LLC Amended and Restated Supplemental Executive Retirement Plan (the “Plan”); and

WHEREAS, the Company desires to transfer sponsorship of the Plan to Alliance Coal, LLC (“Coal”); and

WHEREAS, Coal desires to accept the transfer of the sponsorship of the Plan;

NOW, THEREFORE, effective as of May 15, 2006 sponsorship of the Plan is hereby transferred to Coal and the Plan is amended by replacing “Alliance Resource Management GP, LLC” with “Alliance Coal, LLC” in all places in the Plan in which “Alliance Resource Management GP, LLC” appears, including, without limitation, in the title of the Plan.

EXECUTED this 24th day of January, 2007, effective for all purposes as of May 15, 2006.

 

ALLIANCE RESOURCE MANAGEMENT GP,
LLC

By:

  

/s/ Thomas L. Pearson

Name:

  

Thomas L. Pearson

Title:

  

Senior Vice President

ALLIANCE COAL, LLC

By:

  

/s/ Thomas L. Pearson

Name:

  

Thomas L. Pearson

Title:

  

Senior Vice President