Document

Effective January 1, 2023 (the “Plan Spin-Off Date”), in anticipation of General Electric Company’s split into three separate companies comprising General Electric Company’s aviation, healthcare and energy businesses, respectively, the Energy Benefit Liabilities (as defined below) are transferred to this GE Energy 2006 Executive Deferred Salary Plan (the “Plan”), as described below (the “Plan Spin-Off”). The Energy Benefit Liabilities are the benefits and liabilities under the General Electric Company 2006 Executive Deferred Salary Plan for: (i) active employees of Ropcor, Inc. and its Affiliates (defined for purposes of this Plan as any company or business entity connected by a direct or indirect 50% or more interest, whether or not a participating employer in the Plan) that comprise General Electric Company’s energy business (“GE Energy”) and (ii) most former employees of General Electric Company’s energy business, in each case, as determined by General Electric Company in its sole discretion and identified on a list maintained in the records of General Electric Company. The participants transferred to this Plan are the “GE Energy Transferees.”

Benefits and liabilities for certain former employees of GE Energy may remain in the General Electric Company 2006 Executive Deferred Salary Plan or be transferred to the GE HealthCare 2006 Executive Deferred Salary Plan, as determined by General Electric Company in its sole discretion and identified on a list maintained in the records of General Electric Company.

For the avoidance of doubt, with respect to individuals with a Deferred Account (as defined below) under the General Electric Company 2006 Executive Deferred Salary Plan as of the Plan Spin-Off Date who also have a benefit in the GE Pension Plan or Supplementary Pension Plan at that time, their Deferred Account under the General Electric Company 2006 Executive Deferred Salary Plan will be transferred to this Plan only if a GE Energy entity will be responsible for their pension benefit.

Effective immediately prior to the Plan Spin-Off Date, the GE Energy Transferees (including, as applicable, their beneficiaries) shall cease to be participants in the General Electric Company 2006 Executive Deferred Salary Plan, which shall be renamed the GE Aerospace 2006 Executive Deferred Salary Plan as of the Plan Spin-Off Date, shall no longer be entitled to any benefit payments from the GE Aerospace 2006 Executive Deferred Salary Plan, and shall no longer have any rights whatsoever under the GE Aerospace 2006 Executive Deferred Salary Plan (even if the GE Energy Transferee is subsequently employed by, or has service with, General Electric Company or its Affiliates, unless the GE Energy Transferee’s benefit is transferred back to the GE Aerospace 2006 Executive Deferred Salary Plan as described below).

Effective on the Plan Spin-Off Date, this Plan assumes the Energy Benefit Liabilities as a continuation of the General Electric Company 2006 Executive Deferred Salary Plan and each GE Energy Transferee is a participant in this Plan. Each GE Energy Transferee’s status under this Plan on the Plan Spin-Off Date shall be the same as the GE Energy Transferee’s status under the General Electric Company 2006 Executive Deferred Salary Plan immediately prior to the Plan Spin-Off Date. For the avoidance of doubt, (i) each GE Energy Transferee’s service with General Electric Company and its Affiliates credited under the General Electric Company 2006 Executive Deferred Salary Plan immediately prior to the Plan Spin-Off Date shall be credited under

this Plan and (ii) no GE Energy Transferee shall be treated as incurring a termination of employment, separation from service, retirement or similar event for purposes of determining the right to a distribution, benefits or any other purpose under this Plan solely as a result of the Plan Spin-Off or corporate spin-off of General Electric Company’s healthcare business or GE Energy.

Following the Plan Spin-Off Date but prior to the corporate spin-off of General Electric Company’s energy business as an independent public company (the “GE Energy Spin-Off”), if (1) an individual’s employment is directly transferred to GE Energy from an employer within General Electric Company and its Affiliates (that is not part of GE Energy) or (2) an employee who left the service of General Electric Company and all of its Affiliates is subsequently hired by GE Energy, the benefits and liabilities for such individual shall be transferred from the GE Aerospace 2006 Executive Deferred Salary Plan (or, if applicable, the GE HealthCare 2006 Executive Deferred Salary Plan) to this Plan (each such transfer to this Plan, a “Subsequent Plan Spin-Off”). Such Subsequent Plan Spin-Off shall be effective upon such transfer of employment or hire (the “Subsequent Spin-Off Date”). (For the avoidance of doubt, no Subsequent Plan Spin-Off shall occur in connection with a transfer of employment if such individual’s employer is not an Affiliate of Ropcor, Inc. on the Subsequent Spin-Off Date.)

Each Subsequent Plan Spin-Off shall be completed in a manner consistent with this Plan and the individual subject to the Subsequent Plan Spin-Off shall be treated as a “GE Energy Transferee;” provided, however, that the “Plan Spin-Off Date” with respect to such GE Energy Transferee shall be the Subsequent Spin-Off Date.

Following the Plan Spin-Off Date but prior to the GE Energy Spin-Off, if an individual with an accrued benefit under this Plan (1) transfers employment directly to an employer within General Electric Company and its Affiliates (that is not part of GE Energy) or (2) is hired by General Electric Company or its Affiliate (that is not part of GE Energy) (each such individual, a “Transferred Participant”), the benefits and liabilities for such Transferred Participant shall be transferred from this Plan to the GE Aerospace 2006 Executive Deferred Salary Plan (or, if applicable, the GE HealthCare 2006 Executive Deferred Salary Plan) (each such transfer from this Plan, a “Reverse Plan Spin-Off”). Such Reverse Plan Spin-Off shall be effective upon such transfer of employment or hire (the “Transfer Date”). (For the avoidance of doubt, no Reverse Plan Spin-Off shall occur in connection with a transfer of employment if such individual’s employer is not an Affiliate of Ropcor, Inc. on the Transfer Date.)

Each Reverse Plan Spin-Off shall be effected in accordance with the applicable requirements of this Plan and applicable law. The accrued benefit of the Transferred Participant under this Plan immediately before the Reverse Plan Spin-Off shall become his accrued benefit under the GE Aerospace 2006 Executive Deferred Salary Plan or the GE HealthCare 2006 Executive Deferred Salary Plan, as applicable, immediately after the Reverse Plan Spin-Off.

The liabilities under this Plan before the Reverse Plan Spin-Off for benefits accrued under (or transferred to) the GE Aerospace 2006 Executive Deferred Salary Plan or the GE HealthCare 2006 Executive Deferred Salary Plan, as applicable, with respect to Transferred Participants before the Transfer Date shall become liabilities under the GE Aerospace 2006 Executive Deferred Salary Plan or the GE HealthCare 2006 Executive Deferred Salary Plan, as applicable, immediately after the Reverse Plan Spin-Off.

No individual whose benefits are transferred from this Plan to the GE Aerospace 2006 Executive Deferred Salary Plan or the GE HealthCare 2006 Executive Deferred Salary Plan shall have any claims or rights against GE Energy in respect of benefits under this Plan.

Because this Plan is a continuation of the General Electric Company 2006 Executive Deferred Salary Plan for Deferred Accounts of GE Energy Transferees, this document includes the provisions of the General Electric Company 2006 Executive Deferred Salary Plan that applied before January 1, 2023.

Each employee of General Electric Company or a participating affiliate (“Company”) who, as of December 31, 2005, is in an Executive Band or higher position, or, in the discretion of affiliate management, an equivalent position in such affiliate, and who is subject to U.S. tax laws, shall be eligible to participate in this Plan.

2.Commencing with base salary for January 2006, the Participant’s total base salary elected to be deferred under this Plan will be deferred in ratable installments through the month of December 2006, and will be credited to the Participant’s deferred salary cash account (“Deferred Account”) as of the end of the month of deferral (“Deferral Date”).

date. The amount of such credit shall equal 3.5% of the total base salary deferred under this Plan by the Participant (excluding interest). Such credit shall not be provided for any Participant who has terminated employment with the Company for any reason prior to December 31, 2006, or is not actively employed on such date.

2.Except as may be otherwise provided in Section V or VIII, the Participant’s Deferred Account will be credited with (a) the amount of base salary deferred on each Deferral Date as set forth in Section II, (b) the special onetime matching credit as set forth in Section III, and (c) interest at the annual rate of 8.5% compounded annually on each December 31.

3.At the time of election to defer base salary, a Participant may irrevocably elect: (a) the number of annual payout installments (minimum of 10, maximum of 20) of the Deferred Account commencing on March 1 (or as soon thereafter as practical) following the year of termination of employment, unless (b) a lump sum payment of the Deferred Account is elected in which case the lump sum payment will be made on March 1 (or as soon thereafter as practical) following the year of termination of employment.

4.Participants who terminate their employment on or after December 31, 2006 because of retirement, death, disability, layoff, plant closing or transfer to a successor employer which is not controlled by the Company, or Participants who terminate their employment on or after December 31, 2010 for any reason, will receive payouts based on Deferred Account accumulations at the 8.5% interest rate. Payments will be made pursuant to Section V.2 or V.3 above beginning on March 1 (or as soon thereafter as practical) following the year of termination of employment.

5.If the Participant terminates employment prior to December 31, 2006 for any reason, or prior to December 31, 2010 for any reason other than retirement, death, disability, layoff, plant closing or transfer to a successor employer which is not controlled by the Company, the Participant’s Deferred Account will be paid in a lump sum as soon as practical following the date of termination. Unless waived by the Chairman, Section IV.2.(c) shall not apply to such a Participant and no interest shall be payable with such lump sum.

In the event of a Participant’s death prior to receiving any or all payments to which the Participant is entitled, the remaining Deferred Account shall be paid at the time and in the manner provided in Section V to the beneficiary or beneficiaries designated by the Participant on a beneficiary designation form properly filed by the Participant with the Plan sponsor in accordance with established administrative procedures. If no such designated beneficiary survives the Participant, such remaining benefits shall be paid as set forth above to the Participant’s estate.

This Plan shall be administered by a “Committee” consisting of not less than two persons appointed from time to time by the Chairman. The Committee shall have full power and authority on behalf of the Plan sponsor to administer and interpret the Plan in its sole discretion. All Committee decisions with respect to the administration and interpretation of the Plan shall be final and binding upon all persons.

For purposes of determining when payments from the Plan commence, for periods on and after January 1, 2009, termination of employment shall occur when a Participant has Separated from Service, which means the Participant has terminated employment with the Plan sponsor and all Affiliates (defined for this purpose as any company or business entity in which the Plan sponsor has a 50% or more interest whether or not a participating employer in the Plan); provided that Separation from Service for purposes of the Plan shall be interpreted consistent with the requirements of Code Section 409A and regulations and other guidance issued hereunder.

This Plan may be amended, suspended or terminated at any time by the compensation committee of the Board of Directors, except that the compensation committee may not alter a Participant’s individual elections made pursuant to Section II.1.

The General Electric Company 2006 Executive Deferred Salary Plan originally became effective as of January 1, 2006, and this Plan is effective as of January 1, 2023 as a continuation of the General Electric Company 2006 Executive Deferred Salary Plan for GE Energy Transferees.