Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.71

FIRST AMENDMENT TO THE DYNEGY INC. COMPREHENSIVE

WELFARE BENEFITS PLAN

WHEREAS,
Dynegy Inc., Illinova Corporation (“Illinova”), Illinova Generating Company and
Ameren Corporation (“Ameren”) entered into that certain Stock Purchase Agreement under which
Ameren will acquire all of the outstanding common and preferred stock of Illinois Power Company
(“IPC”) owned by Illinova; and

WHEREAS, effective immediately prior to the “Closing Date,” as such term is defined under
Section 2.4 of the Agreement (the “Closing Date”), IPC will cease to be a “Participating
Employer” under the Dynegy Inc. Comprehensive Welfare Benefits Plan, effective as of January 1,
2002, as amended (the “Plan”);

NOW, THEREFORE, in consideration of the above premises, the Plan shall be, and hereby is
amended in the following respects, effective immediately prior to the Closing Date:

I.

Effective immediately prior to the Closing Date, IPC shall, pursuant to Section 9.6(e) of the
Plan, cease to be a “Participating Employer” under the Plan (and all “Constituent Benefit
Programs,” as such term is defined in Section 1.1(10) of the Plan, thereunder) and any individual
who is an employee of IPC and who is not a participant in the Plan as of the day preceding the
Closing Date will not be eligible to become a participant in the Plan. As of the Closing Date, no
Transferred Employees (within the meaning of the Agreement) or any other employee, former employee,
or Retiree (within the meaning of the Agreement) of IPC will participate in the Plan, other than as
required by applicable law or as expressly required by and subject to all limitations and
conditions of the Agreement. As of the Closing Date, no current or former employee of IPC,
including, any Retiree, shall be an “Eligible Employee” under the Plan.

 

 

 

II.

Appendix B to the Plan is hereby amended by deleting any and all references to “Illinois
Power Company” as a “Participating Employer” in Sections I through VI, VIII, X and XI.

III.

Section Xll of Appendix B is hereby amended by revising all references to the name of the
plan described in Section Xll to “Dynegy Inc. Health Care Spending Account Program for Employees
Covered Under a Collective Bargaining Agreement”. All references to “Illinois Power Company” are
hereby deleted. No rights or obligations under Section Xll shall be affected by reason of amending
this Section XII.

IV.

Section XIII of Appendix B is hereby amended by revising all references to the name of the
plan described in Section XIII to “Dynegy Inc. Dependent Care Spending Account Program for
Employees Covered Under a Collective Bargaining Agreement”. No rights or obligations under Section
XIII shall be affected by reason of amending this Section XIII.

V.

Section XIV of Appendix B is hereby amended by revising all references to the name of the plan
described in Section XIV to the “Dynegy Inc. Section 125 Flexible Benefits Program for Employees
Covered Under a Collective Bargaining Agreement”. All references to “Illinois Power Company” are hereby deleted. No rights or obligations under
Section XIV shall be affected by reason of amending this Section XIV.

 

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VI.

As of the Closing Date, the unused balance of any Health Care Spending Account and/or
Dependent Care Spending Account of each Transferred Employee under a Constituent Benefit Program
shall be transferred to a similar, tax-qualified account sponsored by Ameren in accordance with
Section 6.2(d)(vii) of the Agreement.

VII.

Section XVI of Appendix B is hereby amended by deleting any and all references to “Illinois
Power Company” as a “Participating Employer” and deleting the references to the “Illinois Power
Company Welfare Benefit Trust for Salaried Retirees” and the “Illinois Power Company Welfare
Benefit Trust for Retirees Covered by a Collective Bargaining Agreement” as “Constituent Benefit
Plan Documents”.

VIII.

Except as modified herein, the Plan shall remain in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this First Amendment to the Plan to be
executed this 29 day September 2004, to be effective as provided above.

	 	 	 	 	 
	 	DYNEGY INC.

 	 
	 	By:  	/s/ J. Kevin Blodgett
 	 
	 	 	J. Kevin Blodgett	 
	 	 	Title: 	Sr. Vice President, Human Resources	 

 

3Filed by Bowne Pure Compliance

Exhibit 10.72

SECOND AMENDMENT TO THE DYNEGY INC. COMPREHENSIVE

WELFARE BENEFITS PLAN

WHEREAS, Dynegy Inc. (the “Company”) and certain of its affiliates (“Participating
Employers”) have previously adopted the Dynegy Inc. Comprehensive Welfare Benefits Plan, effective
as of January 1, 2002 and as subsequently amended (the “Plan”);

WHEREAS, the Working Families Tax Relief Act of 2004, Pub. L. No. 108-311, (“WFTRA”) amends
Section 152 and other sections of the Internal Revenue Code (“Code”) with respect to the
definitions of “Dependents” and “Qualifying Individuals” effective as of January 1, 2005;

WHEREAS, Internal Revenue Service Notice 2004-79, I.R.B. 2004-49 provides that the intent of
Congress was not to change the definition of “Dependent” for purposes of employer-provided health
plans and that an employee may exclude from gross income the value of employer-provided coverage
for an individual who meets the definition of a “Qualifying Relative” except that the individual’s
gross income equals or exceeds the exemption amount;

WHEREAS, Section 8.1 of the Plan provides that the Company may amend the Plan and any or all
Constituent Benefit Programs incorporated therein on behalf of itself and the Participating
Employers;

WHEREAS, the Company desires to clarify that Code Section 152, as amended by WFTRA, shall not
apply to any Constituent Benefit Program providing group health benefits under the Plan and to
amend the Plan in certain other respects;

 

 

 

NOW, THEREFORE, in consideration of the premises above, the Plan shall be, and hereby is
amended as follows effective as hereinafter provided:

I.

Effective as of January 1, 2005, Section 1.1(c) of
the Dynegy Inc. Health Care Spending Account Program,
a Constituent Benefit Program under the Plan, is
hereby amended in its entirety to provide as follows:

“(c) Dependent: Any individual who is a dependent of a Program Participant
as defined or determined by the terms of the Dynegy Inc. Group Medical Plan. Any
child to whom section 152(e) of the Code applies shall be treated as a Dependent of
either parent for purposes of the Program.”

II.

Effective as of January 1, 2005, Section 1-1 (c) of the Dynegy Inc. Health Care Spending
Account Program for Eligible Employees Covered Under a Collective Bargaining Agreement, a
Constituent Benefit Program under the Plan, is hereby amended in its entirety to provide as
follows:

“(c) Dependent: Any individual who is a dependent of a Program Participant
as defined or determined by the terms of Dynegy Inc. Group Medical Plan. Any child
to whom section 152(e) of the Code applies shall be treated as a Dependent of either
parent for purposes of the Program.”

III.

Effective immediately prior to January 1, 2005, the Dynegy Inc. Severance Pay Plan and the
Dynegy Inc. Executive Severance Pay Plan (jointly, the “Severance Pay Plans”) shall cease to be
Constituent Benefit Programs under the Plan. Therefore, Appendix B to the Plan is hereby amended by
deleting Sections X and XI. Following this amendment, the Severance Pay Plans shall be treated as
separate plans, providing benefits in accordance with their terms and subject to applicable law.

 

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IV.

Except as modified herein, the Plan shall remain in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this Second Amendment to the Plan to be executed this 28th day of December
2004, to be effective as provided above.

	 	 	 	 	 
	 	DYNEGY INC.

 	 
	 	By:  	/s/ [ILLEGIBLE]	 
	 	 	Title:  	Chairman - BPC 	 

 

3Filed by Bowne Pure Compliance

Exhibit 10.73

THIRD AMENDMENT TO THE DYNEGY INC. COMPREHENSIVE

WELFARE BENEFITS PLAN

WHEREAS, Dynegy New York Holdings lnc., Exelon SHC, Inc., Exelon New England Power
Marketing, L.P., and ExRes SHC, Inc. entered into that certain Stock Purchase Agreement dated
as of November 1, 2004 (“Agreement”) under which Dynegy New York Holdings Inc. will acquire
all of the outstanding capital stock of ExRes SHC, Inc., the parent company of Sithe Energies,
Inc. (“Sithe”);

WHEREAS, as of the Closing Date, as such term is defined under Section 2.2 of the
Agreement (the “Closing Date”), certain employees of Sithe and its affiliates will
become eligible to participate in the Dynegy Inc. Comprehensive Welfare Benefits Plan (the “Plan”);
and

WHEREAS, Section 8.1 of the Plan provides that the Company may amend the Plan and any or
all Constituent Benefit Programs incorporated therein on behalf of itself and certain of its
affiliates;

NOW, THEREFORE, in consideration of the above premises, the Plan shall be, and hereby is
amended in the following respects, effective as of the Closing Date:

 

 

 

I.

A new Section 1.1(27A) is hereby added to Article I of the Plan, to provide as follows:

	 	“(27A) 	 	Sithe Participant: An Eligible Employee who (i) was
enrolled in the Sithe Plan for the plan year of Sithe Plan beginning on
January 1, 2005, (ii) became eligible to participate in the Plan in
connection with acquisition of ExRes SHC, Inc., and (iii) whose
participation in the Sithe Plan was terminated following the acquisition
of ExRes SHC, Inc.”

II.

A new Section 1.1(27B) is hereby added to Article I of the Plan, to provide as follows:

	 	“(27B)	 	Sithe Plan: The Sithe Energies Group Flexible Benefits Plan.”

III.

A new Section 4.3(c) is hereby added to the Dynegy Inc. Section 125 Flexible Benefits Plan, a
Constituent Benefit Program under the Plan, to provide as follows:

“(c) Notwithstanding the foregoing, a Sithe Participant shall be treated as a new
Employee for purposes of this Section 4.3, except that such Sithe Participant’s
election with respect to a Health Care Expense Account and/or a Dependent Care
Assistance Account under the Sithe Plan shall remain in effect (subject to the
ability to revoke pursuant to Section 4.5) under the corresponding Flexible
Spending Account Program for the remainder of the Program Year beginning on January
1, 2005.”

IV.

The following sentence is hereby added at the end of Section 5.1(b) of the
Dynegy Section 125 Flexible Benefits Plan, a Constituent Benefit Program under the Plan, to provide
as follows:

“Notwithstanding the foregoing, a Sithe Participant’s appropriate Flexible Spending
Account shall be credited as of the Closing Date with the amount credited to such
Sithe Participant’s Health Care Expense Account and/or Dependent Care Assistance
Account under the Sithe Plan immediately prior to the Closing Date.”

 

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V.

A new Section 3.1(c) is hereby added to the Dynegy Inc. Health Care Spending Account Program,
a Constituent Benefit Program under the Plan, to provide as follows:

“(c) For the Program Year beginning January 1, 2005, an Eligible Employee who is a
Sithe Participant shall be eligible to participate in this Program as of the Closing
Date.”

VI.

A new Section 4.1(c) is hereby added to the Dynegy Inc. Health Care Spending Account Program,
a Constituent Benefit Program under the Ptan, to provide as follows:

“(c) For the Program Year beginning on January 1 2005, a Sithe Participant’s
Participation Agreement shall be such Sithe Participant’s benefit election with
respect to a Health Care Expense Account under the Sithe Plan for the plan year
beginning on January 1, 2005.”

VII.

The third sentence of Section 5.1 (a) of the Dynegy Inc. Health Care Spending Account
Program, a Constituent Benefit Program under the Plan, is hereby revised to provide as follows:

“Benefits under the Program shall be paid only to the extent the Covered Health
Care Expenses were incurred by the Program Participant in the period for which the
Program Participant actually participated in the Program; provided however, that
for purposes of this provision, a Sithe Participant shall be deemed to have
participated in the Program for the entire Program Year beginning January 1, 2005.”

 

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VIII.

A new Section 3.1(c) is hereby added to the Dynegy Inc. Dependent Care Spending Account
Program, a Constituent Benefit Program under the Plan, to provide as follows:

“(c) For the Program Year beginning January 1, 2005, an Eligible Employee who is a
Sithe Participant shall be eligible to participate in this Program as of the Closing
Date.”

IX.

A new Section 4.1(c) is hereby added to the Dynegy Inc. Dependent Care Spending Account
Program, a Constituent Benefit Program under the Plan, to provide as follows:

“(c) For the Program Year beginning on January 1, 2005, a Sithe Participant’s
Participation Agreement shall be such Sithe Participant’s benefit election with
respect to a Dependent Care Assistance Account under the Sithe Plan for the plan
year beginning on January 1, 2005.”

X.

The third sentence of Section 5.1(a) of the Dynegy Inc. Dependent Care Spending Account
Program, a Constituent Benefit Program under the Plan, is hereby revised to provide as follows:

“Benefits under the Program shall be paid only to the extent the Covered Employment
Related Expenses were incurred by the Program Participant in the period for which
the Program Participant actually participated in the Program; provided however,
that for purposes of this provision, a Sithe Participant shall be deemed to have
participated in the Program for the entire Program Year beginning January 1, 2005.”

XI.

Except as modified herein, the Plan shall remain in full force and effect.

 

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IN WITNESS WHEREOF, the undersigned has caused this Third Amendment to
the Plan to be executed this 28th day of January 2005, to be effective as
provided above.

	 	 	 	 	 
	 	DYNEGY INC.

 	 
	 	By:  	/s/ J. Kevin Blodgett	 
	 	 	Title: SVP, HR 	 

 

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