First Amendment to the Unicom Corporation Stock Bonus Deferral Plan (September 30, 1998)

Summary

This amendment updates the Unicom Corporation Stock Bonus Deferral Plan, clarifying the rules for participants whose employment status changes. It specifies that individuals who no longer meet certain employment criteria may still make payment elections for amounts deferred while eligible, but cannot make new deferral elections unless receiving severance benefits. The amendment ensures participants' rights and obligations are clear if their employment status changes. All other terms of the plan remain unchanged.

EX-10.30.1 10 0010.txt Exhibit 10-30-1 FIRST AMENDMENT TO THE UNICOM CORPORATION STOCK BONUS DEFERRAL PLAN The Unicom Corporation Stock Bonus Deferral Plan, as amended and restated, effective September 30, 1998, is hereby amended, effective September 30, 1998, as follows: I The following is added as flush language to follow paragraph (c) of Article II: "Notwithstanding the preceding, an individual who became a Participant under the terms of this Article II and whose employment status changes such that the Participant is no longer an individual described in paragraphs (a), (b) or (c) hereof on the applicable election date (other than a Participant receiving benefits under a severance plan or arrangement sponsored by the Company or an affiliate thereof) shall remain a Participant solely for purposes of a subsequent payment election under Section 3.1(d) in accordance with the terms thereof, and for purposes of Section 5.2." II Section 3.1(d) is amended by adding a sentence to the end thereof to read as follows: "Notwithstanding the preceding, a Participant whose employment status changes such that the Participant is no longer an individual described in paragraphs (a), (b) or (c) of Article II on the applicable election date (excluding a Participant receiving benefits under a severance plan or arrangement sponsored by the Company or an affiliate thereof) shall be entitled to make subsequent payment elections under this paragraph (d) only with respect to amounts deferred while such Participant was an individual described in paragraphs (a), (b) or (c) of Article II." III Section 3.2 is amended to read as follows: "3.2 Termination of Participation. Each Participant shall remain a Participant until such individual is no longer entitled to benefits hereunder; provided, however, that except as provided under Section 3.1(d), a Participant (i) who is receiving benefits under a severance plan or arrangement sponsored by the Company or an affiliate, (ii) who is, as of any applicable election date, no longer described in paragraphs (a), (b) or (c) of Article II, or (iii) who has had a termination of employment or retired but has not yet received a distribution of his Plan accounts shall not be entitled to make any further deferral elections under the Plan." IV Except as herein amended, the Plan shall remain in full force and effect. Executed this 30th day of December, 1998. UNICOM CORPORATION By: /s/ S. Gary Snodgrass -------------------------- S. Gary Snodgrass Senior Vice President