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Exhibit 10.6  

 
 

EDISON MISSION ENERGY
  BV SALE INCENTIVE PLAN—SINGAPORE    
    

        1.    Establishment of the Plan.    Edison Mission Energy, a Delaware
corporation (the "Company"), hereby establishes this BV Sale Incentive Plan—Singapore (the "Plan"), effective as of February 19, 2004 (the "Effective Date"), for the benefit of
certain key employees of the Company and certain of its subsidiaries and affiliates. 

        2.    Purpose.    The Board of Directors (the "Board") of the Company
has determined that it is in the best interest of the Company and its shareholder to pursue the possibility of accomplishing one or more transactions (together, as defined below, the "Covered
Transaction") which would result in a sale or other disposition of all or substantially all of MEC International BV (the "BV"). In that connection, the Board believes that it is in the best interests
of the Company and its shareholder that the Participants (as defined below), who are among the key employees of the Company and certain of its Subsidiaries and affiliates, remain in their Employer's
employ during the period in which the Board is pursuing the Covered Transaction, be provided with additional incentives to develop the most desirable alternatives for the Company and its shareholder
and be eligible to receive certain bonuses for their efforts in developing such transaction and putting the Company in a position where its shareholder may receive the benefits of a disposition of BV.
Therefore, in order to accomplish these objectives, the Board has caused the Company to establish this Plan. For purposes of the Plan, the assets of the BV will be deemed to include the interest of
Mission Energy Wales (U.S.) ("MEW U.S.") in the Mission Hydro Ltd. Partnership (UK) ("Mission Hydro"). 

        3.    Defined Terms.    For purposes of the Plan (and/or the
Participation Agreement), the following terms (in addition to the defined terms set forth above) shall have the meanings indicated: 

        (a)   "ANSP" means the aggregate cash and non-cash consideration received by BV or the shareholders or subsidiaries
of the BV, as the case may be, as seller(s) in the Covered Transaction, excluding for these purposes any obligations of the BV or its subsidiaries that are assumed by, on behalf of, or for the
purchaser, and subject to the following: 

          (i)  ANSP
shall include the following, if and when paid to BV or its shareholders or subsidiaries, as the case may be, as sellers in the Covered Transaction: (A) any
and all deferred installments of the sale price, (B) any portion of the sale price held in escrow subsequent to the Closing Date if and to the extent actually released from escrow, and
(C) any consideration paid by the Purchaser after the Closing Date upon the occurrence of any specified contingencies or the satisfaction of any specified performance objectives; 

         (ii)  ANSP
shall be determined without giving effect to the payments under this Plan; 

        (iii)  ANSP
shall be net of, or otherwise reduced by, the following: (A) any severance and retention payments associated with the Covered Transaction; (B) any
indebtedness or other liability of BV or one of its subsidiaries related to or arising in connection with the transferred assets or operations that is retained or discharged by the Company or its
affiliates, including, without limitation, contributions made to project or related entities in connection with the sale transaction; (C) any U.S., foreign and local income, transfer and other
taxes, assessments and governmental levies realized, incurred, attributed to or related in any manner to the sale of the BV and its subsidiaries, including taxes imposed on the distribution of
proceeds to or by the BV and its subsidiaries and tax impacts related to the liquidation or restructuring of the interest of MEW US in the Mission Hydro in connection with the sale; and
(D) transaction costs incurred and paid or payable by the Company or any of its Subsidiaries, parents or other affiliates including, without limitation (1) commitment, broker, advisory,
investment banking, appraisal, fairness opinion, financing and underwriting fees, commissions and discounts, (2) recording, insurance, filing, legal, travel, printing costs and other similar
fees, costs and expenses, (3) claims arising or paid in 

 

connection
with the sale, including costs of defense, (4) costs of consents, waivers or settlements to facilitate sale, and (5) any other direct expenses associated with the sale; and 

        (iv)  ANSP
shall include the proceeds of a sale of interests in or assets of BV only if such sale is specifically approved in advance of the Closing Date of the Covered
Transaction by the Board. If substantially all (but not the entirety) of BV is sold, any sale of a remaining component that occurs more than six (6) months after the Closing Date of the Covered
Transaction will not, unless otherwise
provided by the Board at the time of the sale, be included in ANSP. ANSP shall be adjusted to give effect to any such sale within such six-month period. 

        (b)   "Base Salary" means the Participant's base salary of record for benefit purposes paid to a Participant by the Company
and/or one or more Employers (whether or not deferred), but excludes (i) incentive, retention, signing or other bonus compensation, (ii) severance, and (iii) any other form of
compensation or benefit. 

        (c)   "Base Salary Multiplier" means the factor by which a Participant's Base Salary shall be multiplied to determine the
amount of the Participant's Sale Bonus, which factor may vary between particular Participants and may be determined based on the aggregate ANSP received in connection with the Covered Transaction. 

        (d)   "Beneficiary" means the individual or entity determined under Section 11(e) of the Plan. 

        (e)   "Board" means the Board of Directors of the Company. 

        (f)    "Cause" means the occurrence of any one or more of the following: 

          (i)  The
Participant's conviction for, or pleading guilty or nolo contendere to, committing an act of fraud, embezzlement, theft, or other crime for which the Participation
is imprisoned; 

         (ii)  A
significant adverse change in the Participant's performance of his or her duties (which duties shall include, but not be limited to, the Participant's customary
duties as well as any reasonable duties that may be assigned to him or her to help effect the Covered Transaction), including but not limited to a failure to comply with the Company's policies and
instructions regarding the sale of BV and the confidentiality of certain information related thereto; or 

        (iii)  The
willful engaging by the Participant in misconduct that: (A) if the event giving rise to the termination of the Participant's employment occurs before the
sale of the Participant's Employer or while the Participant is otherwise employed by an Employer, is in violation of the Company's and/or the Participant's Employer's policies and practices applicable
to the Participant from time to time; or (B) if the event giving rise to the termination of the Participant's employment occurs after the sale of the Participant's Employer when the Participant
is no longer employed by an Employer, would have resulted in the termination of the Participant's employment by the Company or the Participant's Employer under the Company's and/or the Participant's
Employer's policies and practices applicable to the Participant in effect immediately prior to such sale. However, no act or failure to act, on the Participant's part, shall be considered "willful"
unless done, or omitted to be done, by the Participant
not in good faith and without reasonable belief that his or her action or omission was in the best interest of the Company and his or her Employer. 

        (g)   "Closing Date" means the date of the closing of a Covered Transaction or Covered Sale, as the case may be, as determined
in accordance with the definitive agreements entered into to effect such transaction. 

        (h)   "Covered Sale" means a sale of the Participant's Employer in a transaction that results in the Participant becoming
employed by the Purchaser thereof or an affiliate of such Purchaser that is not an Employer. 

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        (i)    "Covered Transaction" means one or more transactions outside of the ordinary course that amount, in the aggregate, to a
sale of all or substantially all of the assets or interests of BV, provided that a transaction included in the Covered Transaction must be specifically approved by the Board in advance of the
consummation of the Covered Transaction. For purposes of this definition, "substantially all" shall mean stock or interests in and assets of BV (including stock and interests in Subsidiaries)
(including EcoElectrica) representing or generating at least 90% of BV's 2003 revenue base as set forth in the attached Exhibit A; provided that the Board may, in its discretion, lower the 90%
threshold in light of all circumstances existing at the time of the sale and the degree to which the Company has exited the international market. 

        (j)    "Employer" means the Company or any Subsidiary or affiliated business of the Company that employs the Participant. 

        (k)   "Good Reason" means, without the Participant's express written consent, a material reduction by the Participant's
Employer of the aggregate value of the compensation (including current compensation and long-term incentive opportunities) and benefits paid and provided, as the case may be to the
Participant; provided, however, that in no event shall the occurrence of a Covered Sale or Covered Transaction, in and of itself, constitute a reduction of compensation or long-term
incentive award opportunities. 

        (l)    "Participant" or "Participants" means any person who is a participant in
this Plan as determined in accordance with Section 5. 

        (m)  "Purchaser" means any person or entity or affiliate thereof that has purchased all or any part of the assets or interests
of BV outside the ordinary course in a transaction that is included in the Covered Transaction. 

        (n)   "Sale Bonus" means an unfunded right to receive a payment under this Plan. 

        (o)   "Sale Bonus Payment Scheme" means the rules for the manner and timing of the payment of a Sale Bonus set forth in
Section 8. 

        (p)   "Subsidiary" means any corporation or other entity a majority of whose outstanding voting stock or voting power is
beneficially owned directly or indirectly by the Company. 

        (q)   "Term of the Plan" means the period of time beginning on the Effective Date and ending on the first to occur of:
(A) July 1, 2005, unless a written agreement or written letter of intent is in place that, on July 1, 2005, has been approved by the Board and that relates to a transaction or
series of transactions that would (if consummated) result in a Covered Transaction or (B) a determination by the Board that a Covered Transaction is not reasonably expected to occur on or
before July 1, 2005; provided that the Board may, in its discretion, extend the term of the Plan beyond such date. 

        4.    Administration.    

        (a)   The
Plan shall be interpreted, administered and operated by the Board. The Board shall have complete authority, in its sole discretion subject to the express provisions
of the Plan, to determine who shall be a Participant, to interpret the Plan, to prescribe, amend and rescind rules and regulations relating to the Plan, and to make all other determinations necessary
or advisable for the administration of the Plan, including whether, for purposes of the Plan, a termination of a Participant's employment has been with or without Cause or for Good Reason.
Notwithstanding the foregoing, the Board may delegate any of its duties hereunder to such person or persons from time to time as it may designate. 

        (b)   All
expenses and liabilities that members of the Board incur in connection with the administration of the Plan shall be borne by the Company. The Board may employ
attorneys, consultants, accountants, appraisers, brokers, or other persons, and the Board, the Company and the Company's officers and directors shall be entitled to rely upon the advice, opinions or
valuations of any such persons. No member of the Board shall be personally liable for any action, determination or 

3

 

interpretation
made in good faith with respect to the Plan, and all members of the Board shall be fully protected by the Company in respect of any such action, determination or interpretation. 

        5.    Participation.    The Company's management, in its sole
discretion, shall determine those employees of an Employer who will be Participants in the Plan, the Base Salary Multiplier (or the applicable formula for determining the Base Salary Multiplier, as
applicable) applicable to each Participant and the Sale Bonus Payment Scheme applicable to each Participant. In order to participate in the Plan, each Participant must promptly sign and return to the
Company a participation agreement in the form provided by the Company (a "Participation Agreement"), which shall set forth the Participant's Base Salary Multiplier (or the applicable formula for
determining the Base Salary Multiplier, as applicable), designated Sale Bonus Payment Scheme and additional details about the Plan. 

        6.    Sale Bonus Trigger; Effect of Termination of Employment.    

        (a)   Subject
to Section 11(c) below, a Participant shall be entitled to receive a Sale Bonus on the terms set forth in Sections 7 and 8 below if the Participant: 

          (i)  is
employed by an Employer on the Closing Date of the Covered Transaction, 

         (ii)  prior
to the Closing Date of the applicable Covered Sale, was terminated by his or her Employer without Cause (which does not include transfer to a Purchaser or another
Employer) or terminated employment with his or her Employer for Good Reason, or 

        (iii)  transferred
employment to a Purchaser pursuant to the terms of the applicable Covered Sale and either (A) is still employed by the Purchaser on the Closing Date
of the Covered Transaction or (B) such employment by the Purchaser was terminated by the Purchaser without Cause or terminated by the Participant for Good Reason). 

A
Participant shall not be entitled to a Sale Bonus if his or her employment by his or her Employer terminates for any other reason before the Closing Date of a Covered Transaction. After the Closing
Date of a Covered Transaction, a Participant's subsequent termination of employment will have no affect on the Participant's entitlement to receive a Sale Bonus hereunder. The Board shall make the
determination of whether a termination of a Participant's employment by a Purchaser qualifies as a termination for Cause, or whether a termination of employment with a Purchaser by the Participant
qualifies as a termination for Good Reason, and in such context shall treat the Purchaser as the Employer for purposes of the definition of such term. 

        (b)   Any
termination of a Participant's employment by his or her Employer for Cause or by a Participant for Good Reason shall be communicated by Notice of Termination. For
purposes of this Plan, a "Notice of Termination" shall mean a written notice which shall indicate the specific termination provision or provisions in this Plan relied upon. The Notice of Termination
shall be effective on the date specified in Section 11(k) of this Plan. Notwithstanding anything else contained herein to the contrary, a Participant shall not be deemed to have terminated
employment if his or her employment by an Employer terminates but he or she continues as an employee of another Employer. 

        7.    Amount of Sale Bonus.    In the event that a Participant becomes
entitled to receive a Sale Bonus, the amount of such Participant's Sale Bonus shall be determined by multiplying the Participant's highest annual rate of Base Salary in effect at any time during the
24-month period preceding the Closing Date of the last transaction resulting in a Covered Transaction by the Participant's applicable Base Salary Multiplier. Each Participant's Base Salary
Multiplier (or the applicable formula for determining the Base Salary Multiplier, as applicable) shall be set forth in the Participant's Participation Agreement. Following consummation of a Covered
Transaction, determinations of ANSP (including, without limitation, the determination of value in U.S. dollars of any non-cash consideration and the value in U.S. dollars of any
consideration not expressed in U.S. dollars) shall be made by the Board in good faith, whose good faith determination will be binding. 

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        8.    Payment of Sale Bonus.    If a Participant becomes entitled to
receive a Sale Bonus, the manner and timing of the payment of such Sale Bonus shall be determined in accordance with the following rules. The Company's management, in its sole discretion, shall
determine which of the following Sale Bonus Payment Schemes, either Payment Scheme One set forth in subsection (a) or Payment Scheme Two set forth in subsection (b), shall apply to each
Participant. The applicable Payment Scheme shall be set forth in the Participant's Participation Agreement. 

        (a)    Payment Scheme One.    Payment of a Sale Bonus to a Participant under Payment Scheme One shall be made in
accordance with this Section 8(a). Within sixty (60) days after the Closing Date of the last transaction resulting in a Covered Transaction, the Board shall make a good faith estimate of
ANSP resulting from the Covered Transaction. Subject to clause (ii) below, no later than sixty (60) days after the Closing Date, each Participant who is eligible to receive a Sale Bonus
under this Section 8(a) shall be paid an amount equal to 80% of such Participant's estimated Sale Bonus, calculated based on such estimate. Within 24 months after the Closing Date of the
Covered Transaction, the Board shall make an updated estimate of ANSP, at which time up to 100% of the remainder of each Participant's Sale Bonus, if any, shall be paid subject to the following
provisions of this paragraph: 

          (i)  The
updated calculations shall take into account any further information regarding claims, charges, levies and expenses associated with the Covered Transaction and
post-Closing Date activities as well as an updated calculation of the estimated tax consequences of the Covered Transaction. To the extent that deal-related claims, charges or
levies that would have the effect, if successful, of reducing ANSP are made, but not actually resolved, during the
24-month period, adjustments shall be made to the calculations assuming the most unfavorable result to the Company and its affiliates and any subsequent true-ups shall be made
within a reasonable period of time following the resolution of the matter. To the extent that any earn-out or similar conditional amount is scheduled to be paid more than 24 months
after the Closing Date, or to the extent escrowed proceeds are scheduled to be released from escrow more than 24 months after the Closing Date, the Board will within a reasonable time after the
occurrence of such events adjust Sale Bonus calculations when and if such amounts are actually received (to the extent such amounts were not previously taken into account). If final amounts still
remain to be determined more than 24 months after Closing Date, whether because of pending claims, earn-outs or similar arrangements, or otherwise, the Board may at any time
thereafter make a good faith estimate of what the final amount of ANSP will be and pay out the remaining Sale Bonus amounts (less amounts previously paid) based on such good faith estimate. In such
case, the Board's good faith determination will be binding on all Participants whose Sale Bonus is so paid and there will be no adjustments to such bonuses for events occurring before or after such
determination. 

         (ii)  Notwithstanding
the foregoing, if the Board determines that, based on the estimate of ANSP made within sixty (60) days of the Closing Date of the Covered
Transaction, the remainder of a Participant's Sale Bonus amount, if any, would be United States Dollars 10,000 or less, the Board may elect to pay the Participant's entire Sale Bonus (without
reduction for a withhold) based on the Board's initial estimate of ANSP. In such case, the Board's good faith initial estimate of ANSP will be binding on all Participants whose Sale Bonus is so paid
and there will be no adjustments to such Sale Bonuses for events occurring before or after such determination. 

        (b)    Payment Scheme Two.    Payment of a Sale Bonus to a Participant under Payment Scheme Two shall be made in a
cash lump sum no later than sixty (60) days following the Closing Date of the Covered Transaction based on the Board's initial estimate of ANSP, which estimate will be final and binding for
such purposes. 

        (c)    Liability for Payment.    The Company shall be liable for the payment of benefits under this Plan with respect
to each Participant. 

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        9.    Taxes.    The Company and/or the Participant's Employer, as
applicable, has the right to withhold from any amount otherwise payable to a Participant under or pursuant to this Plan the amount of any taxes or other statutory deductions that the Company or such
Employer, or any of their respective affiliates, may legally be required to withhold with respect to such payment (including, without limitation, any United States Federal taxes, and any other
foreign, state, city, or local taxes). In the event that tax withholding is required with respect to amounts or benefits payable or deliverable by the Company or the Participant's Employer to a
Participant and the Company or the Employer cannot satisfy its tax withholding obligations in the manner described in the preceding sentence, the Company or the Employer may require the Participant to
pay or provide for the payment of such required tax withholding as a condition to the payment or delivery of such amounts or benefits. Each Participant,
former Participant and Beneficiary shall be solely responsible for all income and employment taxes arising in connection with participation in this Plan or benefits hereunder. 

        10.    Arbitration    

        (a)    Arbitration of Claims.    Unless superceded by express provision in the Participant's Participation Agreement,
the Company, the Participant, and the Participant's Employer hereby consent to the resolution by mandatory and binding arbitration of all claims or controversies arising out of or in connection with
this Plan that the Company or the Participant's Employer may have against the Participant, or that the Participant may have against the Company, his or her Employer, or against either of their
officers, directors, employees or agents acting in their capacity as such. Each party's promise to resolve all such claims or controversies by arbitration in accordance with this Plan rather than
through the courts is consideration for the other party's like promise. It is further agreed that the decision of an arbitrator on any issue, dispute, claim or controversy submitted for arbitration,
shall be final and binding upon the Company, the Participant, and the Participant's Employer and that judgment may be entered on the award of the arbitrator in any court having proper jurisdiction. 

        All
expenses of such arbitration, including the reasonable fees and expenses of the counsel for the Participant, shall be advanced and borne by the Company or the Participant's Employer;
provided, however, that if it is finally determined that the Participant did not commence the arbitration in good faith and had no reasonable basis therefore or that the Participant failed to comply
with Section 11(c) or breached the agreement contemplated thereby, the Participant shall repay all advanced fees and expenses and shall reimburse the Company and the Participant's Employer for
their reasonable legal fees and expenses in connection therewith. 

        Except
as otherwise provided in this procedure or by mutual agreement of the parties, any arbitration shall be administered by a sole arbitrator at the Singapore International
Arbitration Centre ("SIAC") under then-existing SIAC arbitration rules (the "Tribunal"). Pre-hearing and post-hearing procedures may be held by telephone or in
person, as the arbitrator deems necessary. 

        The
arbitrator shall be selected as follows: if the parties cannot agree on an arbitrator, the Tribunal shall then provide the names of nine available arbitrators experienced in business
employment matters along with their resumes and fee schedules. Each party may strike all names on the list it deems unacceptable. If more than one common name remains on the list of all parties, the
parties shall strike names alternately until only one remains. The party who did not initiate the claim shall strike first. If no common name remains on the lists of the parties, the Tribunal shall
furnish an additional list or lists until an arbitrator is selected. 

        The
arbitrator shall interpret this Plan, any applicable Company or Employer policy or rules and regulations, any applicable substantive law (and the law of remedies, if applicable), or
applicable federal law. In reaching his or her decision, the arbitrator shall have no authority to change or modify any lawful Company or Employer policy, rule or regulation, or this Plan. The
arbitrator, and not any federal, state or local court or agency, shall have exclusive and broad authority to resolve any dispute 

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relating
to the interpretation, applicability, enforceability or formation of this Plan, including but not limited to, any claim that all or any part of this Plan is voidable. 

        The
arbitrator shall have authority to entertain a motion to dismiss and/or motion for summary judgment by any party. Following the completion of the arbitration, the arbitrator shall
issue a written decision disclosing his or her essential findings and conclusions upon which the award is based. 

        (b)    Discovery.    Each party shall have the right to take the deposition of one individual and any expert
witness(es) designated by another party. Each party shall also have the opportunity to obtain documents from another party through one request for production of documents. Additional discovery may be
had only when the arbitrator so orders upon a showing of substantial need. Any disputes regarding depositions, requests for production of documents or other discovery shall be submitted to the
arbitrator for determination. 

        (c)    Subpoenas.    Each party shall have the right to subpoena witnesses and documents for the arbitration hearing
by requesting a subpoena from the arbitrator. Any such request shall be served on all other parties, who shall advise the arbitrator in writing of any objections that the party may have to issuance of
the subpoena within ten calendar days of receipt of the request. 

        (d)    Designation of Witnesses.    At least thirty calendar days before the arbitration, the parties must exchange
lists of witnesses, including any expert(s), and copies of all exhibits intended to be used at the arbitration. 

        11.    Miscellaneous    

        (a)    Successors to the Company.    The Company will require any successor (whether direct or indirect, by purchase,
merger, consolidation, or otherwise) of all or substantially all of the business and/or assets of the Company or of any division or Subsidiary thereof (the business and/or assets of which constitute
at least fifty percent (50%) of the total business and/or assets of the Company following the Covered Transaction) to expressly assume and agree to perform the Company's obligations under this Plan in
the same manner and to the same extent that the Company would be required to perform them if such succession had not taken place. 

        (b)    Assignment by the Participant.    None of the benefits, payments, proceeds or claims of any Participant shall
be subject to any claim of any creditor and, in particular, the same shall not be subject to attachment or garnishment or other legal process by any creditor, nor shall any such Participant have any
right to alienate, anticipate, commute, pledge, encumber or assign any of the benefits or payments or proceeds that he or she may expect to receive, contingently or otherwise, under this Plan.
Notwithstanding the foregoing, benefits that are in pay status may be subject to a court order of garnishment or wage assignment, or similar order, or a tax levy. This Plan shall inure to the benefit
of and be enforceable by each Participant's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If a Participant dies while any
amount would still be payable to him or her hereunder had he or she continued to live, all such amounts, unless otherwise provided herein, shall be paid to the Participant's Beneficiary in accordance
with the terms of this Plan. 

        (c)    Release Agreement.    Notwithstanding anything else contained herein to the contrary, the Company's obligation
to pay benefits to a Participant is subject to the condition precedent that the Participant execute a valid and effective Release Agreement in the form attached to the Participant's Participation
Agreement (or such other form as the Board (or its delegate) may require) and such executed agreement is received by the Company no later than 60 days after the Closing Date and is not revoked
by the Participant or otherwise rendered unenforceable by the Participant. 

        (d)    Employment Status.    Except as may be provided under any other written agreement between a Participant and his
or her Employer, the employment of the Participant by his or her Employer is "at will," and may be terminated by either the Participant or the Employer at any time, subject to applicable law. 

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        (e)    Beneficiaries.    Subject to the other provisions of this Section 11(e), the person or persons
(including a trustee, personal representative or other fiduciary) last designated in writing by a Participant in accordance with procedures established by the Board (or its delegate) to receive the
benefits specified hereunder in the event of the Participant's death shall be the Participant's Beneficiary or Beneficiaries. 

        No
Beneficiary designation shall become effective until it is filed with the Board (or its delegate), and no Beneficiary designation of someone other than a Participant's spouse shall be
effective unless such designation is consented to by the Participant's spouse on a form provided by and in accordance with procedures established by the Board or its delegate. 

        If
there is no Beneficiary designation in effect with respect to a Participant, or if there is no surviving designated Beneficiary, then the Participant's surviving spouse shall be the
Beneficiary. If there is no surviving spouse to receive any benefits payable in accordance with the preceding sentence, the duly
appointed and currently acting personal representative of the Participant's estate (which shall include either the Participant's probate estate or living trust) shall be the Beneficiary. In any case
where there is no such personal representative of the Participant's estate duly appointed and acting in that capacity within 90 days after the Participant's death (or such extended period as
the Board determines is reasonably necessary to allow such personal representative to be appointed, but not to exceed 180 days after the Participant's death), then Beneficiary shall mean the
person or persons who can verify by affidavit or court order to the satisfaction of the Board that they are legally entitled to receive the benefits specified hereunder. 

        Notwithstanding
anything else herein to the contrary, in the event any amount is payable under this Plan to a minor, payment shall not be made to the minor, but instead be paid:
(i) to that person's living parent(s) to act as custodian; (ii) if that person's parents are then divorced, and one parent is the sole custodial parent, to such custodial parent; or
(iii) if no parent of that person is then living, to a custodian selected by the Board to hold the funds for the minor under the Uniform Transfers or Gifts to Minors Act in effect in the
jurisdiction in which the minor resides. If no parent is living and the Board decides not to select another custodian to hold the funds for the minor, then payment shall be made to the duly appointed
and currently acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly appointed and currently acting within 60 days after the date the amount becomes
payable, payment shall be deposited with the court having jurisdiction over the estate of the minor. 

        (f)    Payments on Behalf of Persons Under Incapacity.    In the event that any amount becomes payable under this Plan
to a person who, in the sole judgment of the Board, is considered by reason of physical or mental condition to be unable to give a valid receipt therefor the Board may direct that such payment be made
to any person found by the Board, in its sole judgment, to have assumed the care of such person. Any payment made pursuant to such determination shall constitute a full release and discharge of the
Board and all Employers. 

        (g)    Unsecured General Creditor.    Participants and their Beneficiaries, heirs, successors, and assigns shall have
no legal or equitable rights, claims, or interest in any specific property or assets of the Company. No assets of the Company shall be held under any trust, or held in any way as collateral security
for the fulfilling of the obligations of the Company under this Plan. Any and all of the Company's assets shall be, and remain, the general unpledged, unrestricted assets of the Company. The Company's
obligation under this Plan shall be merely that of an unfunded and unsecured promise of the Company to pay money in the future, and the rights of the Participants and Beneficiaries shall be no greater
than those of unsecured general creditors. 

        (h)    Gender and Number.    Except where otherwise indicated by the context, any masculine term used herein also
shall include the feminine, the plural shall include the singular, and the singular shall include the plural. 

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        (i)    Severability.    In the event any provision of this Plan shall be held illegal or invalid for any reason, the
illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included. Further, the
captions of this Plan are not part of the provisions hereof and shall have no force and effect. 

        (j)    Modification.    The Board may from time to time amend this Plan in any way it determines to be advisable;
provided, however, that no such amendment that adversely affects a Participant shall be effective without the consent of such Participant (or the Participant's legal representative). No provision of
this Plan may be waived unless as to a Participant such waiver is agreed to in writing and signed by the Participant (or the Participant's legal representative) and by an authorized member of the
Board or its designee or legal representative. 

        (k)    Notice.    For purposes of this Plan, notices, including Notice of Termination, and all other communications
provided for in this Plan shall be in writing and shall be deemed to have been duly given when delivered or on the date stamped as received by a recognized international courier (such as FedEx)
postage and mailing fee prepaid and addressed: (i) if to the Participant, to his or her latest address as reflected on the records of the Company or his or her Employer, and (ii) if to
an Employer, to the attention of the Company's Corporate Secretary at the address of the Company's principal executive offices; or to such other address as either party may furnish to the other in
writing for the delivery of notices to that party, with specific reference to this Plan and the importance of the notice, except that a notice of change of address shall be effective only upon receipt
by the other party. 

        (l)    Applicable Law.    To the extent not preempted by the laws of the United States, the laws of the State of
California shall be the controlling law in all matters relating to this Plan. Any statutory reference in this Plan shall also be deemed to refer to all applicable final rules and final regulations
promulgated under or with respect to the referenced statutory provision. The provisions of the Singapore Contracts (Rights of Third Parties) Act (Cap. 53B) shall not apply to this Plan. 

        (m)    No Sale Obligation.    Notwithstanding anything else contained herein or in any Participation Agreement or
other agreement related to the Plan to the contrary, the Company and its subsidiaries have no obligation to close, negotiate or otherwise pursue any sale or other disposition of all or substantially
all of BV or any component thereof. The existence of the Plan, the Participation Agreements, and the conditional rights of Participants under the Plan shall not limit, affect or restrict in any way
the right or power of the Company or any of its subsidiaries to make or authorize (or to refrain from making or authorizing, as the case may be): (i) any adjustment, recapitalization,
reorganization or other change in capital structure or business; (ii) any merger, amalgamation, consolidation or change in ownership; (iii) any dissolution or liquidation;
(iv) any sale or transfer of assets or business; or (v) any other corporate act or proceeding by the entity. 

        IN
WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Plan as of the date first set forth above. 

	 	 	EDISON MISSION ENERGY
	

 	
 	

By	

9

 
EXHIBIT A  

 Edison Mission Energy

International Revenue Base  

	Project
 
	 	Country
	 	2003

Revenues from

Consolidated

Subsidiaries
	 	EME

Ownership

Interest
	 	EME Share

of Revenues
	 	2003

Revenues of

Unconsolidated

Subsidiaries
	 	EME

Ownership

Interest
	 	EME Share

of Revenues
	 	2003

Revenue Base
	 	Percentage of

International

Revenue Base
	 
	Europe	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	First Hydro	 	United Kingdom	 	$	367,633,000	 	100	%	$	367,633,000	 	$	—	 	 	 	$	—	 	$	367,633,000	 	20	%
	 	Derwent	 	United Kingdom	 	 	—	 	 	 	 	—	 	 	106,316,000	 	33	%	 	35,084,280	 	 	35,084,280	 	2	%
	 	ISAB	 	Italy	 	 	—	 	 	 	 	—	 	 	480,685,000	 	49	%	 	235,535,650	 	 	235,535,650	 	13	%
	 	Italian Wind	 	Italy	 	 	—	 	 	 	 	—	 	 	83,234,000	 	50	%	 	41,617,000	 	 	41,617,000	 	2	%
	 	Doga	 	Turkey	 	 	123,956,000	 	80	%	 	99,164,800	 	 	 	 	 	 	 	—	 	 	99,164,800	 	5	%
	 	Spanish Hydro	 	Spain	 	 	22,739,000	 	95	%	 	21,706,000	 	 	 	 	 	 	 	—	 	 	21,706,000	 	1	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	514,328,000	 	 	 	 	488,503,800	 	 	670,235,000	 	 	 	 	312,236,930	 	 	800,740,730	 	44	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Asia	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Paiton	 	Indonesia	 	 	—	 	 	 	 	 	 	 	485,018,000	 	40	%	 	194,007,200	 	 	194,007,200	 	11	%
	 	PT Momi	 	Indonesia	 	 	17,994,000	 	100	%	 	17,994,000	 	 	 	 	 	 	 	—	 	 	17,994,000	 	1	%
	 	PT Adro	 	Indonesia	 	 	—	 	 	 	 	—	 	 	—	 	8	%	 	—	 	 	—	 	 	 
	 	CBK	 	Philippines	 	 	1,424,000	 	100	%	 	1,424,000	 	 	65,625,000	 	50	%	 	32,812,500	 	 	34,236,500	 	2	%
	 	TECO	 	Thailand	 	 	—	 	 	 	 	—	 	 	214,119,000	 	25	%	 	53,529,750	 	 	53,529,750	 	3	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	19,418,000	 	 	 	 	19,418,000	 	 	764,762,000	 	 	 	 	280,349,450	 	 	299,767,450	 	16	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Australia	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loy Yang B	 	Australia	 	 	178,531,000	 	100	%	 	178,531,000	 	 	 	 	 	 	 	—	 	 	178,531,000	 	10	%
	 	Valley Power	 	Australia	 	 	16,250,000	 	80	%	 	13,065,000	 	 	 	 	 	 	 	—	 	 	13,065,000	 	1	%
	 	Kwinana	 	Australia	 	 	38,914,000	 	70	%	 	27,239,800	 	 	 	 	 	 	 	—	 	 	27,239,800	 	1	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	233,695,000	 	 	 	 	218,835,800	 	 	—	 	 	 	 	—	 	 	218,835,800	 	12	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	New Zealand	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Contact Energy	 	New Zealand	 	 	755,524,000	 	51	%	 	385,317,240	 	 	 	 	 	 	 	—	 	 	385,317,240	 	21	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	755,524,000	 	 	 	 	385,317,240	 	 	—	 	 	 	 	—	 	 	385,317,240	 	21	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Americas	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Eco Electrica	 	Puerto Rico	 	 	—	 	 	 	 	—	 	 	234,896,000	 	50	%	 	117,448,000	 	 	117,448,000	 	6	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	—	 	 	 	 	—	 	 	234,896,000	 	 	 	 	117,448,000	 	 	117,448,000	 	6	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Non Project	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Total	 	 	 	$	1,522,965,000	 	 	 	$	1,112,074,840	 	$	1,669,893,000	 	 	 	$	710,034,380	 	$	1,822,109,220	 	100	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 

10

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Exhibit 10.7  

 
 

EDISON MISSION ENERGY
  BV SALE RETENTION PLAN—SINGAPORE    
    

 
 
 

TABLE OF CONTENTS    
    

	 
	 	 
	 	Page

	ARTICLE 1 ESTABLISHMENT, TERM, AND PURPOSE	 	1
	 	 	1.1 Establishment of the Plan	 	1
	 	 	1.2 Purpose of the Plan	 	1
	ARTICLE 2 DEFINITIONS	 	1
	ARTICLE 3 PARTICIPATION	 	2
	 	 	3.1 Participation	 	2
	 	 	3.2 Termination of Employment	 	3
	 	 	3.3 Re-Employment	 	3
	 	 	3.4 Notice of Termination	 	3
	 	 	4.1 Right to Retention Benefit	 	3
	 	 	4.3 Timing and Manner of Payment	 	3
	ARTICLE 5 TAXES	 	3
	ARTICLE 6 PAYMENT OBLIGATIONS	 	4
	 	 	6.1 Liability for Payment	 	4
	 	 	6.2 Payment of Obligations Absolute	 	4
	 	 	6.3 Unsecured General Creditor	 	4
	 	 	6.4 Other Benefit Plans	 	4
	ARTICLE 7 RESOLUTION OF DISPUTES	 	4
	 	 	7.1 Claim	 	4
	 	 	7.2 Claim Decision	 	5
	 	 	7.3 Request for Review	 	5
	 	 	7.4 Review of Decision	 	5
	ARTICLE 8 RESOLUTION OF DISPUTES—ARBITRATION	 	5
	 	 	8.1 General	 	5
	 	 	8.2 Arbitration of Claims	 	5
	 	 	8.3 Discovery	 	6
	 	 	8.4 Subpoenas	 	6
	 	 	8.5 Designation of Witnesses	 	6
	ARTICLE 9 SUCCESSORS AND ASSIGNMENT	 	6
	 	 	9.1 Successors to the Company	 	6
	 	 	9.2 Assignment by the Participant	 	7
	ARTICLE 10 ADMINISTRATION OF THE PLAN	 	7
	 	 	10.1 Committee Action	 	7
	 	 	10.2 Powers and Duties of the Committee	 	7
	 	 	10.3 Construction and Interpretation	 	7
	 	 	10.4 Information	 	8
	 	 	10.5 Compensation, Expenses and Indemnity	 	8
	ARTICLE 11 MISCELLANEOUS	 	8
	 	 	11.1 Release Agreement	 	8
	 	 	11.2 Term of the Plan	 	8
	 	 	11.3 Employment Status	 	8
	 	 	11.4 Beneficiaries	 	8
	 	 	11.5 Payments on Behalf of Persons Under Incapacity	 	9
	 	 	11.6 Gender and Number	 	9
	 	 	11.7 Severability	 	9
	 	 	11.8 Modification	 	9
	 	 	11.9 Notice	 	9
	 	 	11.10 Applicable Law	 	10
	 	 	11.11 No Sale Obligation	 	10

i

  

 
 

EDISON MISSION ENERGY
  BV SALE RETENTION PLAN—SINGAPORE
  
    ARTICLE 1
  ESTABLISHMENT, TERM, AND PURPOSE    
    

        1.1    Establishment of the Plan.    Edison Mission Energy hereby
establishes a retention plan to be known as the "Edison Mission Energy BV Sale Retention Plan—Singapore" (the "Plan"). This Plan shall become effective February 19, 2004 (the
"Effective Date"). 

        1.2    Purpose of the Plan.    The purpose of this Plan is to provide
key employees of the Employers with an incentive to remain in the employ of their respective Employers through the completion of a sale of MEC International, BV ("BV") and to provide for continuity in
the management and operations of the Employers (as such term is defined below) during such time by offering certain employment protection and financial security in the event that their employment is
terminated by their respective Employers without Cause (as such term is defined below). 

 
 

ARTICLE 2
  DEFINITIONS    
    

        Whenever used in this Plan (and/or the Participation Agreement), the following terms shall have the meanings set forth below (such defined terms are in addition
to the defined terms set forth above) unless the context clearly indicates to the contrary: 

	(a)
	"Base
Salary" means the Participant's base salary of record for benefit purposes paid to a Participant by the Company and/or one or more Employers (whether or not deferred), but
excludes (1) incentive, retention, signing or other bonus compensation and (2) any other form of compensation or benefit.

	(b)
	"Beneficiary"
means the persons or entities designated or deemed designated by a Participant pursuant to Section 11.4.

	(c)
	"Board"
means the Board of Directors of the Company.

	(d)
	"BV
Sale" means one or more transactions outside of the ordinary course that amount, in the aggregate, to a sale of all or substantially all of the assets or interests of BV, provided
that a transaction included in the BV Sale must be specifically approved by the Board in advance of the consummation of the BV Sale. For purposes of this definition, "substantially all" shall mean
stock or interests in and assets of BV (including stock and interests in Subsidiaries) (including EcoElectrica) representing or generating at least 90% of BV's 2003 revenue base as set forth in the
attached Exhibit A; provided that the Board may, in its discretion, lower the 90% threshold in light of all circumstances existing at the time of the sale and the degree to which the Company
has exited the international market; and provided further, that for purposes of this definition, the assets of the BV shall be deemed to include the interest of Mission Energy Wales (U.S.) in the
Mission Hydro Ltd. Partnership (UK);

	(e)
	"Cause"
means the occurrence of any one or more of the following:

	(1)
	The
Participant's conviction for, or pleading guilty or nolo contendere to, committing an act of fraud, embezzlement, theft, or other crime for which the Participant is imprisoned;

	(2)
	A
significant adverse change in the Participant's performance of his or her duties (which duties shall include, but not be limited to, the Participant's customary duties as well as
any reasonable duties that may be assigned to him or her to help effect the BV Sale), including but not limited to a failure to comply with the Company's policies and 

1

 

instructions
regarding the BV Sale and the confidentiality of certain information related thereto; or 

	(2)
	The
willful engaging by the Participant in misconduct that: (i) if the event giving rise to the termination of the Participant's employment occurs before the sale of the
Participant's Employer or while the Participant is otherwise employed by an Employer, is in violation of the Company's and/or the Participant's Employer's policies and practices applicable to the
Participant from time to time; or (ii) if the event giving rise to the termination of the Participant's employment occurs after the sale of the Participant's Employer when the Participant is no
longer employed by an Employer, would have resulted in the termination of the Participant's employment by the Company or the Participant's Employer under the Company's and/or the Participant's
Employer's policies and practices applicable to the Participant in effect immediately prior to such sale. However, no act or failure to act, on the Participant's part, shall be considered "willful"
unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that his or her action or omission was in the best interest of the Company and his or her
Employer.

	(f)
	"Code"
means the United States Internal Revenue Code of 1986, as amended.

	(g)
	"Committee"
means the Board or one or more committees appointed by the Board.

	(h)
	"Company"
means Edison Mission Energy, a Delaware corporation, or any successor thereto as provided in Section 9.1.

	(i)
	"Disability"
shall mean, for all purposes of this Plan, the Participant's eligibility for benefits under his or her Employer's long-term disability plan applicable to the
Participant, as determined by the Employer.

	(j)
	"Employer"
means the Company or any Subsidiary or affiliated business of the Company that employs the Participant.

	(k)
	"Participant"
means any person who is a participant in this Plan as determined in accordance with Article 3.

	(l)
	"Purchaser"
means any person or entity or affiliate thereof that has purchased all or any part of the assets or interests of BV outside the ordinary course in a transaction that is
included in the BV Sale.

	(m)
	"Retention
Benefit" means the retention benefit set forth in Article 4 of this Plan.

	(n)
	"STI"
means the short term incentive program, if any, maintained by the Company or by an Employer in which a Participant participates.

	(o)
	"Subsidiary"
means any corporation or other entity a majority of whose outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 

 
 

ARTICLE 3
  PARTICIPATION    
    

        3.1    Participation.    The Company's management, in its sole
discretion, shall determine those employees of an Employer who will be Participants in the Plan and the benefits to which each Participant may become eligible to receive under the Plan. In order to
participate in the Plan, each Participant must promptly sign and return to the Company a participation agreement in the form provided by the Company (a "Participation Agreement"), which shall set
forth whether the Participant may become eligible for a Retention Benefit under the Plan and additional details about the Plan. 

2

 

        3.2    Termination of Employment.    Notwithstanding anything else
contained herein to the contrary, a Participant shall not be deemed to have terminated employment if his or her employment by an Employer terminates but he or she continues as an employee of another
Employer. 

        3.3    Re-Employment.    Notwithstanding anything else
contained herein to the contrary, a Participant shall have no right to benefits hereunder with respect to a termination of his or her employment if, in connection with such termination, he or she is
otherwise entitled to benefits under this Plan but, prior to the payment or delivery (or commencement of payment or delivery, as the case may be) of such benefits, the Participant becomes
re-employed by his or her Employer or by another Employer or by any other affiliate of the Company. Notwithstanding anything else
contained herein to the contrary, a Participant's right to continuing or additional benefits under this Plan shall automatically terminate (but the Participant shall have no obligation to
re-pay benefits previously paid) if the Participant becomes re-employed by his or her Employer or by another Employer or by any other affiliate of the Company. If a Participant
is re-employed and his or her employment is subsequently terminated and the Participant again becomes entitled to benefits under the terms of this Plan in connection with such later
termination of employment, the amount of payments otherwise payable to the Participant hereunder in connection with such later termination of employment shall be reduced by the amount of any payments
paid under this Plan to the Participant in connection with any prior termination of his or her employment. 

        3.4    Notice of Termination.    Any termination of a Participant's
employment by his or her Employer for Cause shall be communicated by Notice of Termination. For purposes of this Plan, a "Notice of Termination" shall mean a written notice which shall indicate the
specific termination provision or provisions in this Plan relied upon. The Notice of Termination shall be effective on the date specified in Section 11.9 of this Plan. 

 
 

ARTICLE 4
  RETENTION BENEFIT    
    

        4.1    Right to Retention Benefit.    The Company's management, in its
sole discretion, shall determine if a Participant shall be eligible to receive a Retention Benefit pursuant to this Article 4. A Participant who has been designated as eligible to receive a
Retention Benefit pursuant to this Article 4 shall be entitled to receive from the Company a Retention Benefit if he or she remains employed by his or her Employer until the first to occur of:
(1) a termination of the Participant's employment by his or her Employer without Cause (and other than due to the Participant's death or Disability), (2) a sale by the Company of the
Participant's Employer, (3) the BV Sale, (4) a public announcement by the Company that the BV Sale has been terminated, or (5) July 1, 2005. If a Participant's employment
by his or her Employer terminates prior to July 1, 2005 for any reason other than by his or her Employer without Cause (and other than due to the Participant's death or Disability), then such
Participant shall not be entitled to a Retention Benefit. 

        4.2    Retention Benefits.    If a Participant becomes entitled to a
Retention Benefit pursuant to Section 4.1, the amount of such benefit shall be set forth in the Participant's Participation Agreement. 

        4.3    Timing and Manner of Payment.    Any Retention Benefit shall be
paid by the Company to the Participant (or his or her Beneficiary) in the form of a single lump sum cash payment within 60 days after the date such benefit becomes payable pursuant to
Section 4.1. 

 
 

ARTICLE 5
  TAXES    
    

        The Company and/or the Participant's Employer, as applicable, has the right to withhold from any amount otherwise payable to a Participant under or pursuant to
this Plan the amount of any taxes or other statutory deductions that the Company or such Employer may legally be required to withhold 

3

 

with
respect to such payment (including, without limitation, any United States Federal taxes, and any other foreign, state, city, or local taxes). In the event that tax withholding is required with
respect to amounts or benefits payable or deliverable by the Company or the Participant's Employer to a Participant and the Company or the Employer cannot satisfy its tax withholding obligations in
the manner described in the preceding sentence, the Company or the Employer may require the Participant to pay or provide for the payment of such required tax withholding as a condition to the payment
or delivery of such amounts or benefits. 

        Each
Participant, former Participant and Beneficiary shall be solely responsible for all income and employment taxes arising in connection with participation in this Plan or benefits
hereunder. 

 
 

ARTICLE 6
  PAYMENT OBLIGATIONS    
    

        6.1    Liability for Payment.    The Company shall be liable for the
payment of benefits under this Plan with respect to each Participant. 

        6.2    Payment of Obligations Absolute.    Subject to the
Participant's compliance with Section 11.1 and the agreement contemplated thereby and subject to Section 3.4 and Article 5, the Company's obligation to make the payments and the
arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or
other right which the Company may have against the Participant or anyone else except as provided in Section 3.3 and/or Section 3.4. All amounts payable by the Company hereunder shall be
paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Participant or
from whomsoever may be entitled thereto, for any reasons whatsoever, except
as otherwise provided in Section 3.4 or Article 8 and subject to the Participant's compliance with Section 11.1 and the agreement contemplated thereby. 

        6.3    Unsecured General Creditor.    Participants and their
Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interest in any specific property or assets of the Company. No assets of the Company shall be held
under any trust, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all of the Company's assets shall be, and remain, the general
unpledged, unrestricted assets of the Company. The Company's obligation under this Plan shall be merely that of an unfunded and unsecured promise of the Company to pay money in the future, and the
rights of the Participants and Beneficiaries shall be no greater than those of unsecured general creditors. 

        6.4    Other Benefit Plans.    All payments, benefits and amounts
provided under this Plan shall be in addition to and not in substitution for any pension rights under the Company's or other Employer's tax-qualified pension plan in which the Participant
participates, and any disability, workers' compensation or other Company or other Employer benefit plan distribution that a Participant is entitled to, under the terms of any such plan, at the time
his or her employment by his or her Employer terminates. Notwithstanding the foregoing, this Plan shall not create an inference that any duplicate payments shall be required. Payments received by a
person under this Plan shall not be deemed a part of the person's compensation for purposes of determining the person's benefits under any employee welfare, pension or other benefit plan or
arrangement, if any, provided by an Employer, except where explicitly provided under the terms of such plan or arrangement. 

 
 

ARTICLE 7
  RESOLUTION OF DISPUTES    
    

        7.1    Claim.    A person who believes that he or she is being denied
a benefit to which he or she is entitled under this Plan (hereinafter referred to as "Claimant") may file a written request for such 

4

 

benefit
with the Committee, setting forth his or her claim. The request must be addressed to the Committee at the Company's principal place of business. 

        7.2    Claim Decision.    Upon receipt of a claim, the Committee shall
advise the Claimant that a reply will be forthcoming within 90 days and shall, in fact, deliver such reply within such period. The Committee may, however, extend the reply period for an
additional 90 days for special circumstances. 

        If
the claim is denied in whole or in part, the Committee shall inform the Claimant in writing, using language calculated to be understood by the Claimant, setting forth: (a) the
specific reason or reasons for such denial; (b) the specific reference to pertinent provisions of this Plan on which such denial is based; (c) a description of any additional material or
information necessary for the Claimant to perfect his or her claim and an explanation why such material or such information is necessary; (d) appropriate information as to the steps to be taken
if the Claimant wishes to submit the claim for review; and (e) the time limits for requesting a review under Section 7.3. 

        7.3    Request for Review.    Within 60 days after the receipt
by the Claimant of the written opinion described above, the Claimant may request in writing that the Committee review the determination. Such request must be addressed to the Committee, at the
Company's principal place of business. The Claimant or his or her duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for
consideration by the Committee. 

        7.4    Review of Decision.    Within 60 days after the
Committee's receipt of a request for review, after considering all materials presented by the Claimant, the Committee will inform the Claimant in writing, in a manner calculated to be understood by
the Claimant, of its decision setting forth the specific reasons for the decision and containing specific references to the pertinent provisions of this Plan on which the decision is based. If special
circumstances require that the 60 day time period be extended, the Committee will so notify the Claimant and will render the decision as soon as possible, but no later than one hundred twenty
days after receipt of the request for review. 

 
 

ARTICLE 8
  RESOLUTION OF DISPUTES—ARBITRATION    
    

        8.1    General.    A Participant or Beneficiary must complete the
claims procedure described in Article 7 before submitting any claim or controversy arising out of or in connection with this Plan to arbitration as described below in this Article 8. 

        8.2    Arbitration of Claims.    The Company, the Participant, and the
Participant's Employer hereby consent to the resolution by mandatory and binding arbitration of all claims or controversies arising out of or in connection with this Plan and/or the Exhibits hereto
that the Company or the Participant's Employer may have against the Participant, or that the Participant may have against the Company, his or her Employer, or against either of their officers,
directors, employees or agents acting in their capacity as such. Each party's promise to resolve all such claims or controversies by arbitration in accordance with this Plan rather than through the
courts is consideration for the other party's like promise. It is further agreed that the decision of an arbitrator on any issue, dispute, claim or controversy submitted for arbitration, shall be
final and binding upon the Company, the Participant, and the Participant's
Employer and that judgment may be entered on the award of the arbitrator in any court having proper jurisdiction. 

        All
expenses of such arbitration, including the reasonable fees and expenses of the counsel for the Participant, shall be advanced and borne by the Company or the Participant's Employer;
provided, however, that if it is finally determined that the Participant did not commence the arbitration in good faith and had no reasonable basis therefore or that the Participant failed to comply
with Section 11.1 or breached the agreement contemplated thereby, the Participant shall repay all advanced fees and 

5

 

expenses
and shall reimburse the Company and the Participant's Employer for their reasonable legal fees and expenses in connection therewith. 

        Except
as otherwise provided in this procedure or by mutual agreement of the parties, any arbitration shall be administered by a sole arbitrator at the Singapore International
Arbitration Centre ("SIAC") under then-existing SIAC arbitration (the "Tribunal"). Pre-hearing and post-hearing procedures may be held by telephone or in person, as
the arbitrator deems necessary. 

        The
arbitrator shall be selected as follows: if the parties cannot agree on an arbitrator, the Tribunal shall then provide the names of nine available arbitrators experienced in business
employment matters along with their resumes and fee schedules. Each party may strike all names on the list it deems unacceptable. If more than one common name remains on the list of all parties, the
parties shall strike names alternately until only one remains. The party who did not initiate the claim shall strike first. If no common name remains on the lists of the parties, the Tribunal shall
furnish an additional list or lists until an arbitrator is selected. 

        The
arbitrator shall interpret this Plan, any applicable Company or Employer policy or rules and regulations, any applicable substantive law (and the law of remedies, if applicable), or
applicable federal law; provided, however, if arbitration is brought after the claim or controversy has been submitted for review by the Committee in accordance with Article 7, the arbitrator
shall defer to the Committee's interpretations of the Plan and such policies, rules, and regulations so long as the Committee has not abused its discretion hereunder. In reaching his or her decision,
the arbitrator shall have no authority to change or modify any lawful Company or Employer policy, rule or regulation, or this Plan. The arbitrator, and not any federal, state or local court or agency,
shall have exclusive and broad authority to resolve any dispute relating to the interpretation, applicability, enforceability or formation of this Plan, including but not limited to, any claim that
all or any part of this Plan is voidable. 

        The
arbitrator shall have authority to entertain a motion to dismiss and/or motion for summary judgment by any party. Following the completion of the arbitration, the arbitrator shall
issue a written decision disclosing his or her essential findings and conclusions upon which the award is based. 

        8.3    Discovery.    Each party shall have the right to take the
deposition of one individual and any expert witness(es) designated by another party. Each party shall also have the opportunity to obtain documents from another party through one request for
production of documents. Additional discovery may be had only when the arbitrator so orders upon a showing of substantial need. Any disputes regarding depositions, requests for production of documents
or other discovery shall be submitted to the arbitrator for determination. 

        8.4    Subpoenas.    Each party shall have the right to subpoena
witnesses and documents for the arbitration hearing by requesting a subpoena from the arbitrator. Any such request shall be served on all other parties, who shall advise the arbitrator in writing of
any objections that the party may have to issuance of the subpoena within ten calendar days of receipt of the request. 

        8.5    Designation of Witnesses.    At least thirty calendar days
before the arbitration, the parties must exchange lists of witnesses, including any expert(s), and copies of all exhibits intended to be used at the arbitration. 

 
 

ARTICLE 9
  SUCCESSORS AND ASSIGNMENT    
    

        9.1    Successors to the Company.    The Company will require any
successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise) of all or substantially all of the business and/or assets of the Company or of any division or subsidiary
thereof (the business and/or assets of which constitute at least fifty percent (50%) of the total business and/or assets of the Company after 

6

 

the
BV Sale) to expressly assume and agree to perform the Company's obligations under this Plan in the same manner and to the same extent that the Company would be required to perform them if such
succession had not taken place. 

        9.2    Assignment by the Participant.    None of the benefits,
payments, proceeds or claims of any Participant shall be subject to any claim of any creditor and, in particular, the same shall not be subject to
attachment or garnishment or other legal process by any creditor, nor shall any such Participant have any right to alienate, anticipate, commute, pledge, encumber or assign any of the benefits or
payments or proceeds that he or she may expect to receive, contingently or otherwise, under this Plan. Notwithstanding the foregoing, benefits that are in pay status may be subject to a court order of
garnishment or wage assignment, or similar order, or a tax levy. This Plan shall inure to the benefit of and be enforceable by each Participant's personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees, and legatees. If a Participant dies while any amount would still be payable to him or her hereunder had he or she continued to live, all such
amounts, unless otherwise provided herein, shall be paid to the Participant's Beneficiary in accordance with the terms of this Plan. 

 
 

ARTICLE 10
  ADMINISTRATION OF THE PLAN    
    

        10.1    Committee Action.    The Committee shall act at meetings by
affirmative vote of a majority of the members of the Committee. Any action permitted to be taken at a meeting may be taken without a meeting if, prior to such action, a written consent to the action
is signed by all members of the Committee and such written consent is filed with the minutes of the proceedings of the Committee. A member of the Committee shall not vote or act upon any matter which
relates solely to himself or herself as a Participant. The Chairman or any other member or members of the Committee designated by the Chairman may execute any certificate or other written direction on
behalf of the Committee. 

        10.2    Powers and Duties of the Committee.    The Committee shall
enforce this Plan in accordance with its terms, shall be charged with the general administration of this Plan, and shall have all powers necessary to accomplish its purposes, including, but not by way
of limitation, the power and authority to do the following: 

	(a)
	To
determine eligibility for and participation in this Plan;

	(b)
	To
construe and interpret the terms and provisions of this Plan;

	(c)
	To
compute and certify to the amount and kind of benefits payable to Participants and their Beneficiaries, and to determine the amount of withholding taxes to be deducted pursuant to
Article 5;

	(d)
	To
maintain all records that may be necessary for the administration of this Plan;

	(e)
	To
provide for the disclosure of all information and the filing or provision of all reports and statements to Participants, Beneficiaries or governmental agencies as shall be required
by law;

	(f)
	To
make and publish such rules for the regulation of this Plan and procedures for the administration of this Plan as are not inconsistent with the terms hereof; and

	(g)
	To
appoint a plan administrator or any other agent (which may include, without limitation, one or more employees of the Company), and to delegate to them such powers and duties in
connection with the administration of this Plan as the Committee may from time to time prescribe. 

        10.3    Construction and Interpretation.    The Committee shall have
full discretion to construe and interpret the terms and provisions of this Plan, including whether, for purposes of the Plan, a termination of a Participant's employment has been with or without
Cause, which interpretation or 

7

 

construction
shall be final and binding on all parties, including but not limited to each Employer and any Participant or Beneficiary. The Committee shall administer such terms and provisions in full
accordance with any and all laws applicable to this Plan. 

        10.4    Information.    To enable the Committee to perform its
functions, each Employer shall supply full and timely information to the Committee on all matters relating to the compensation of all Participants, their death or other cause of termination, and such
other pertinent facts as the Committee may require. 

        10.5    Compensation, Expenses and Indemnity.    The members of the
Committee shall serve without additional compensation for their services hereunder beyond that which they are entitled as authorized by the Board. The Committee is authorized at the expense of the
Company to employ such legal counsel as it may deem advisable to assist in the performance of its duties hereunder. The Company shall pay expenses and fees in connection with the administration of
this Plan. To the extent permitted by applicable law, the Company shall indemnify and save harmless the Committee and each member thereof, the Board and each member thereof, and delegates of the
Committee who are employees of the Company against any and all expenses, liabilities and claims, including legal fees to defend against
such liabilities and claims arising out of their discharge in good faith of responsibilities under or incident to this Plan, other than expenses and liabilities arising out of willful misconduct. This
indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or provided by the Company under any bylaw, agreement or otherwise, as such
indemnities are permitted under state law. 

 
 

ARTICLE 11
  MISCELLANEOUS    
    

        11.1    Release Agreement.    Notwithstanding anything else contained
herein to the contrary, the Company's obligation to pay benefits to a Participant is subject to the condition precedent that the Participant execute a valid and effective Release Agreement in the form
attached to the Participant's Participation Agreement (or such other form as the Committee may require) and such executed agreement is received by the
Company no later than 60 days after the date the Participant becomes entitled to a Retention Benefit pursuant to Section 4.1 and is not revoked by the Participant or otherwise rendered
unenforceable by the Participant. 

        11.2    Term of the Plan.    This Plan will commence on the Effective
Date and shall continue in effect through the date that benefits are triggered pursuant to Section 4.1. 

        11.3    Employment Status.    Except as may be provided under any
other written agreement between a Participant and his or her Employer, the employment of the Participant by his or her Employer is "at will," and may be terminated by either the Participant or the
Employer at any time, subject to applicable law. Payments made under this Plan shall not give any person the right to any benefits provided to persons retained in an Employer's employ (such as,
without limitation, health and dental benefits). Except as may otherwise be required by law or set forth specifically in such plans or as otherwise expressly provided in this Plan, such benefits shall
terminate as of the date the Participant's employment by an Employer terminates. 

        11.4    Beneficiaries.    Subject to the other provisions of this
Section 11.4, the person or persons (including a trustee, personal representative or other fiduciary) last designated in writing by a Participant in accordance with procedures established by
the Committee to receive the benefits specified hereunder in the event of the Participant's death shall be the Participant's Beneficiary or Beneficiaries. 

        No
Beneficiary designation shall become effective until it is filed with the Committee, and no Beneficiary designation of someone other than a Participant's spouse shall be effective
unless such 

8

 

designation
is consented to by the Participant's spouse on a form provided by and in accordance with procedures established by the Committee or its delegate. 

        If
there is no Beneficiary designation in effect with respect to a Participant, or if there is no surviving designated Beneficiary, then the Participant's surviving spouse shall be the
Beneficiary. If there is no surviving spouse to receive any benefits payable in accordance with the preceding sentence, the duly appointed and currently acting personal representative of the
Participant's estate (which shall include either the Participant's probate estate or living trust) shall be the Beneficiary. In any case where there is no such personal representative of the
Participant's estate duly appointed and acting in that capacity within 90 days after the Participant's death (or such extended period as the Committee determines is reasonably necessary to
allow such personal representative to be appointed, but not to exceed 180 days after the Participant's death), then Beneficiary shall mean the person or persons who can verify by affidavit or
court order to the satisfaction of the Committee that they are legally entitled to receive the benefits specified hereunder. 

        Notwithstanding
anything else herein to the contrary, in the event any amount is payable under this Plan to a minor, payment shall not be made to the minor, but instead be paid:
(a) to that person's living parent(s) to act as custodian; (b) if that person's parents are then divorced, and one parent is the sole custodial parent, to such custodial parent; or
(c) if no parent of that person is then living, to a custodian selected by the Committee to hold the funds for the minor under the Uniform Transfers or Gifts to Minors Act in effect in the
jurisdiction in which the minor resides. If no parent is living and the Committee decides not to select another custodian to hold the funds for the minor, then payment shall be made to the duly
appointed and currently acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly appointed and currently acting within 60 days after the date the
amount becomes payable, payment shall be deposited with the court having jurisdiction over the estate of the minor. 

        11.5    Payments on Behalf of Persons Under Incapacity.    In the
event that any amount becomes payable under this Plan to a person who, in the sole judgment of the Committee, is considered by reason of physical or mental condition to be unable to give a valid
receipt therefor the Committee may direct that such payment be made to any person found by the Committee, in its sole judgment, to have assumed the care of such person. Any payment made pursuant to
such determination shall constitute a full release and discharge of the Committee and all Employers. 

        11.6    Gender and Number.    Except where otherwise indicated by the
context, any masculine term used herein also shall include the feminine, the plural shall include the singular, and the singular shall include the plural. 

        11.7    Severability.    In the event any provision of this Plan shall
be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid
provision had not been included. Further, the captions of this Plan are not part of the provisions hereof and shall have no force and effect. 

        11.8    Modification.    The Committee or the Board may from time to
time amend this Plan in any way it determines to be advisable; provided, however, that no such amendment shall be effective without the consent of each affected Participant (or the Participant's legal
representative). No provision of this Plan may be waived unless as to a Participant such waiver is agreed to in writing and signed by the Participant (or the Participant's legal representative) and by
an authorized member of the Committee (or the Board) or its designee or legal representative. 

        11.9    Notice.    For purposes of this Plan, notices, including
Notice of Termination, and all other communications provided for in this Plan shall be in writing and shall be deemed to have been duly given when delivered or on the date stamped as received by a
recognized international courier (such as FedEx) postage and mailing fee prepaid and addressed: (a) if to the Participant, to his or her latest 

9

 

address
as reflected on the records of the Company or his or her Employer, and (b) if to an Employer, to the attention of the Company's Corporate Secretary at the address of the Company's
principal executive offices; or to such other address as either party may furnish to the other in writing for the delivery of notices to that party, with specific reference to this Plan and the
importance of the notice, except that a notice of change of address shall be effective only upon receipt by the other party. 

        11.10    Applicable Law.    To the extent not preempted by the laws of
the United States, the laws of the State of California shall be the controlling law in all matters relating to this Plan. Any statutory reference in this Plan shall also be deemed to refer to all
applicable final rules and final regulations promulgated under or with respect to the referenced statutory provision. The provisions of the Singapore Contracts (Rights of Third Parties) Act (Cap. 53B)
shall not apply to this Plan. 

        11.11    No Sale Obligation.    Notwithstanding anything else
contained herein or in any Participation Agreement or other agreement related to the Plan to the contrary, the Company and its subsidiaries have no obligation to close, negotiate or otherwise pursue
any sale or other disposition of all or substantially all of BV or any component thereof. The existence of the Plan, the Participation Agreements, and the conditional rights of Participants under the
Plan shall not limit, affect or restrict in any way the right or power of the Company or any of its subsidiaries to make or authorize (or to refrain from making or authorizing, as the case may be):
(a) any adjustment, recapitalization, reorganization or other change in capital structure or business; (b) any merger, amalgamation, consolidation or change in ownership; (c) any
dissolution or liquidation; (d) any sale or transfer of assets or business; or (e) any other corporate act or proceeding by the entity. 

        IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Plan as of the date first set forth above. 

	 	 	EDISON MISSION ENERGY
	

 	
 	

 
	 	 	

10

 
 
 

EXHIBIT A    
    

Edison Mission Energy

International Revenue Base  

	Project
 
	 	Country
	 	2003

Revenues from

Consolidated

Subsidiaries
	 	EME

Ownership

Interest
	 	EME Share

of Revenues
	 	2003

Revenues of

Unconsolidated

Subsidiaries
	 	EME

Ownership

Interest
	 	EME Share

of Revenues
	 	2003

Revenue Base
	 	Percentage of

International

Revenue Base
	 
	Europe	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	First Hydro	 	United Kingdom	 	$	367,633,000	 	100	%	$	367,633,000	 	$	—	 	 	 	$	—	 	$	367,633,000	 	20	%
	 	Derwent	 	United Kingdom	 	 	—	 	 	 	 	—	 	 	106,316,000	 	33	%	 	35,084,280	 	 	35,084,280	 	2	%
	 	ISAB	 	Italy	 	 	—	 	 	 	 	—	 	 	480,685,000	 	49	%	 	235,535,650	 	 	235,535,650	 	13	%
	 	Italian Wind	 	Italy	 	 	—	 	 	 	 	—	 	 	83,234,000	 	50	%	 	41,617,000	 	 	41,617,000	 	2	%
	 	Doga	 	Turkey	 	 	123,956,000	 	80	%	 	99,164,800	 	 	 	 	 	 	 	—	 	 	99,164,800	 	5	%
	 	Spanish Hydro	 	Spain	 	 	22,739,000	 	95	%	 	21,706,000	 	 	 	 	 	 	 	—	 	 	21,706,000	 	1	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	514,328,000	 	 	 	 	488,503,800	 	 	670,235,000	 	 	 	 	312,236,930	 	 	800,740,730	 	44	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Asia	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Paiton	 	Indonesia	 	 	—	 	 	 	 	 	 	 	485,018,000	 	40	%	 	194,007,200	 	 	194,007,200	 	11	%
	 	PT Momi	 	Indonesia	 	 	17,994,000	 	100	%	 	17,994,000	 	 	 	 	 	 	 	—	 	 	17,994,000	 	1	%
	 	PT Adro	 	Indonesia	 	 	—	 	 	 	 	—	 	 	—	 	8	%	 	—	 	 	—	 	 	 
	 	CBK	 	Philippines	 	 	1,424,000	 	100	%	 	1,424,000	 	 	65,625,000	 	50	%	 	32,812,500	 	 	34,236,500	 	2	%
	 	TECO	 	Thailand	 	 	—	 	 	 	 	—	 	 	214,119,000	 	25	%	 	53,529,750	 	 	53,529,750	 	3	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	19,418,000	 	 	 	 	19,418,000	 	 	764,762,000	 	 	 	 	280,349,450	 	 	299,767,450	 	16	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Australia	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loy Yang B	 	Australia	 	 	178,531,000	 	100	%	 	178,531,000	 	 	 	 	 	 	 	—	 	 	178,531,000	 	10	%
	 	Valley Power	 	Australia	 	 	16,250,000	 	80	%	 	13,065,000	 	 	 	 	 	 	 	—	 	 	13,065,000	 	1	%
	 	Kwinana	 	Australia	 	 	38,914,000	 	70	%	 	27,239,800	 	 	 	 	 	 	 	—	 	 	27,239,800	 	1	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	233,695,000	 	 	 	 	218,835,800	 	 	—	 	 	 	 	—	 	 	218,835,800	 	12	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	New Zealand	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Contact Energy	 	New Zealand	 	 	755,524,000	 	51	%	 	385,317,240	 	 	 	 	 	 	 	—	 	 	385,317,240	 	21	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	755,524,000	 	 	 	 	385,317,240	 	 	—	 	 	 	 	—	 	 	385,317,240	 	21	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Americas	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Eco Electrica	 	Puerto Rico	 	 	—	 	 	 	 	—	 	 	234,896,000	 	50	%	 	117,448,000	 	 	117,448,000	 	6	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	 	 	 	 	 	—	 	 	 	 	—	 	 	234,896,000	 	 	 	 	117,448,000	 	 	117,448,000	 	6	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Non Project	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 
	Total	 	 	 	$	1,522,965,000	 	 	 	$	1,112,074,840	 	$	1,669,893,000	 	 	 	$	710,034,380	 	$	1,822,109,220	 	100	%
	 	 	 	 	
	 	 	 	
	 	
	 	 	 	
	 	
	 	 	 

11

QuickLinks

EDISON MISSION ENERGY BV SALE RETENTION PLAN—SINGAPORE

TABLE OF CONTENTS

EDISON MISSION ENERGY BV SALE RETENTION PLAN—SINGAPORE ARTICLE 1 ESTABLISHMENT, TERM, AND PURPOSE

ARTICLE 2 DEFINITIONS

ARTICLE 3 PARTICIPATION

ARTICLE 4 RETENTION BENEFIT

ARTICLE 5 TAXES

ARTICLE 6 PAYMENT OBLIGATIONS

ARTICLE 7 RESOLUTION OF DISPUTES

ARTICLE 8 RESOLUTION OF DISPUTES—ARBITRATION

ARTICLE 9 SUCCESSORS AND ASSIGNMENT

ARTICLE 10 ADMINISTRATION OF THE PLAN

ARTICLE 11 MISCELLANEOUS

EXHIBIT A

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