Document:

Exhibit 10.16

    

     

    TAX MATTERS AGREEMENT

     

     

    by and among

     

     

    American International Group, Inc.

     

     

    and

     

     

    Corebridge Financial, Inc.

     

     

    Dated as of [•], 2022

     

    
      
        

    

    

    

    TABLE OF CONTENTS

     

    	 	 	
            Page

          
	
            ARTICLE I

          
	 	 	 
	
            DEFINITIONS

          
	
            Section 1.01

          	
            General

          	
            1

          
	
            Section 1.02

          	
            Additional Definitions

          	
            4

          
	
            ARTICLE II

          
	 	 	 
	
            ALLOCATION, PAYMENT AND INDEMNIFICATION

          
	
            Section 2.01

          	
            Pre-Existing Tax Sharing Agreements

          	
            4

          
	
            Section 2.02

          	
            Responsibility for Taxes; Indemnification

          	
            5

          
	
            Section 2.03

          	
            Preparation of Tax Returns

          	
            6

          
	
            Section 2.04

          	
            Audits and Proceedings

          	
            6

          
	
            Section 2.05

          	
            Carrybacks, etc

          	
            7

          
	
            ARTICLE III

          
	 	 	 
	
            COOPERATION

          
	
            Section 3.01

          	
            General Cooperation

          	
            7

          
	
            Section 3.02

          	
            Retention of Records

          	
            8

          
	
            ARTICLE IV

          
	 	 	 
	
            MISCELLANEOUS

          
	
            Section 4.01

          	
            Dispute Resolution

          	
            8

          
	
            Section 4.02

          	
            State and Local Tax Allocation Agreement

          	
            9

          
	
            Section 4.03

          	
            Obligations Subject to Applicable Law

          	
            10

          
	
            Section 4.04

          	
            Notices

          	
            10

          
	
            Section 4.05

          	
            Applicable Law

          	
            11

          
	
            Section 4.06

          	
            Severability

          	
            11

          
	
            Section 4.07

          	
            Confidential Information

          	
            11

          
	
            Section 4.08

          	
            Amendment, Modification and Waiver

          	
            12

          
	
            Section 4.09

          	
            Assignment

          	
            12

          
	
            Section 4.10

          	
            Further Assurances

          	
            12

          
	
            Section 4.11

          	
            No Third-Party Beneficiaries

          	
            12

          
	
            Section 4.12

          	
            Discretion of Parties

          	
            12

          
	
            Section 4.13

          	
            Entire Agreement

          	
            12

          
	
            Section 4.14

          	
            Counterparts

          	
            13

          
	
            Section 4.15

          	
            Limitations of Liability

          	
            13

          
	
            Section 4.16

          	
            Mutual Drafting

          	
            13

          
	
            Section 4.17

          	
            No Set-Off

          	
            13

          
	
            Section 4.18

          	
            Expenses

          	
            13

          
	
            Section 4.19

          	
            Interpretation

          	
            13

          

     

    Exhibits

      

    

    
      	Exhibit A	Forms of Federal Tax Sharing Agreement
	Exhibit B	Form of State and Local Tax Sharing Agreement

    

     

    

    
      
        

    

    TAX MATTERS AGREEMENT

     

    THIS TAX MATTERS AGREEMENT (this “Agreement”),
      dated as of [•], 2022, is by and among American International Group, Inc. (“AIG”) and Corebridge Financial, Inc. (f/k/a SAFG Retirement Services, Inc.) (“Corebridge”).  Each of AIG and Corebridge is sometimes referred to herein as a “Party”
      and, collectively, as the “Parties.”  Capitalized terms used and not otherwise defined herein are used as defined in Section 1.01.

     

    WHEREAS, prior to consummation of the Disaffiliation, AIG (or in the case of certain states, another member of the AIG Group) was
      the common parent corporation of an affiliated group of corporations within the meaning of Section 1504 of the Code and analogous provisions of state and local Applicable Law of which Corebridge and certain of its Subsidiaries were members; and

     

    WHEREAS, the Parties wish to provide for the payment of Tax liabilities and entitlement to refunds thereof, allocate responsibility
      for, and cooperation in, the filing of Tax Returns, and provide for certain other matters relating to Taxes.

     

    NOW, THEREFORE, in consideration of the foregoing and the terms, conditions, covenants and provisions of this Agreement, each of
      the Parties covenants and agrees as follows:

     

    ARTICLE I

        

        DEFINITIONS

     

    Section 1.01          General.  As used in this Agreement, the following terms shall have the following meanings:

     

    “Accounting Firm” has the meaning set forth in
      Section 4.01(b).

     

    “Affiliate” has the meaning set forth in the
      Master Separation Agreement.

     

    “Agreement” has the meaning set forth in the
      preamble to this Agreement.

     

    “AIG” has the meaning set forth in the preamble
      to this Agreement.

     

    “AIG Group” means AIG and its Subsidiaries other
      than the Corebridge Group.

     

    “Applicable Law” has the meaning set forth in the
      Master Separation Agreement.

     

    
      
        

    

    
    “Business Day” means any day that is not a
      Saturday, a Sunday, or any other day on which banks are required or authorized by Applicable Law to be closed in the City of New York.

     

    “Closing Date” means the date on which the
      Disaffiliation occurs.

     

    “Code” means the Internal Revenue Code of 1986,
      as amended from time to time.

     

    “Corebridge Group” means Corebridge and its
      Subsidiaries.

     

    “Disaffiliation” means in the case of federal
      Income Taxes, the transfer by AIG to third parties of a sufficient number of shares of Corebridge such that Corebridge will no longer qualify as a member of the affiliated group (as defined in Section 1504(a) of the Code) of which AIG is the common
      parent and in the case of state and local Income Taxes, the transfer by AIG to third parties of a sufficient number of shares of Corebridge such that no member of the Corebridge Group will continue to qualify as a member of the combined group of
      which a member of the AIG Group is the common parent.

     

    “Disaffiliation Effective Time” means, for any
      particular member of the AIG Group, 11:59 PM, the day of such member’s Disaffiliation from its respective affiliated, combined, consolidated, unitary or similar group.

     

    “Due Date” means (i) with respect to a Tax Return, the date (taking into account all valid extensions) on which such Tax Return is required to be filed under Applicable Law and (ii) with respect to a payment of Taxes, the date on which such payment is required to be made to avoid the incurrence of interest, penalties and/or additions to Tax.

     

    “Extraordinary Transaction” shall mean any action
      that is not in the Ordinary Course of Business.

     

    “Income Taxes” means any Tax measured by
      reference to net income or profit.

     

    “Indemnifying Party” means a Party from which
      another Party is entitled to seek indemnification pursuant to any Pre-Existing TSA or the provisions of Section 2.02.

     

    “Indemnified Party” means a Party that is
      entitled to seek indemnification from another Party pursuant to any Pre-Existing TSA or the provisions of Section 2.02.

     

    “Joint Return” has the meaning set forth in
      Section 4.02(a).

     

    “Master Separation Agreement” means the Master
      Separation Agreement by and between the Parties dated as of [•], 2022, including all amendments, modifications and supplements and all annexes and schedules to any of the foregoing, and shall refer to the Master Separation Agreement as the same may
      be in effect at the time such reference becomes operative.

     

    
      2

      
        

    

    “Minor Joint Return” means a Joint Return, other
      than a Joint Return filed in Florida, Illinois, New York State or New York City, that is not a Significant Joint Return.

     

    “NY Joint Return” has the meaning set forth in
      Section 4.02(b).

     

    “Ordinary Course of Business” means an action
      taken by a Person only if such action is taken in the ordinary course of the normal day-to-day operations of such Person.

     

    “Party” has the meaning set forth in the preamble
      to this Agreement.

     

    “Person” has the meaning set forth in the Master
      Separation Agreement.

     

    “Post-Closing Period” means any taxable period
      (or portion thereof) beginning after the Closing Date.

     

    “Pre-Closing Period” means any taxable period (or
      portion thereof) ending on or before the Closing Date.

     

    “Pre-Existing SALT TSA” means the Tax Payment
      Allocation Agreement, dated as of September 21, 2021, between AIG and Corebridge.

     

    “Pre-Existing TSA” means any tax sharing
      agreement, substantially comparable to the forms hereto attached as Exhibit A, in effect between AIG and any member of the Corebridge Group immediately prior to
      Disaffiliation (as modified by and including any side letters thereto).

     

    “Significant Joint Return” means any Joint
      Return, other than a Joint Return filed in Florida, Illinois, New York State or New York City, (i) where the total Tax liability (prior to the application of any attributes) exceeds five million dollars, or (ii) that is classified as such pursuant to
      Section 4.02(d).

     

    “Straddle Period” means, with respect to a Joint
      Return, any taxable period beginning with the Pre-Closing Period and ending on the Disaffiliation Effective Time of the relevant member included in such Joint Return.

     

    “Subsidiary” has the meaning set forth in the
      Master Separation Agreement.

     

    “Tax” means (i) all taxes, charges, fees, duties, levies, imposts, or other similar assessments, imposed by any Taxing Authority, including income, gross receipts, excise, property, sales, use, license,
      capital stock, transfer, franchise, payroll, withholding, social security, value added and other taxes of any kind whatsoever, (ii) any interest, penalties or additions
      attributable thereto and (iii) all liabilities in respect of any items described in clause (i) or (ii) payable by reason of assumption, transferee or successor
      liability, operation of Applicable Law or Treasury Regulation Section 1.1502-6(a) (or any predecessor or successor thereof or any analogous or similar provision under Applicable Law).

     

    
      3

      
        

    

    “Tax Detriment” shall mean an increase in the Tax
      liability (or reduction in refund or credit or item of deduction or expense, including any carryforward) of a taxpayer for any taxable period.

     

    “Taxing Authority” means any U.S. federal, state
      or local governmental authority or any subdivision, agency, commission or entity thereof having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the United States Internal Revenue Service).

     

    “Tax Item” shall mean any item of income, gain,
      loss, deduction, expense or credit, or other attribute that may have the effect of increasing or decreasing any Tax.

     

    “Tax Matter” has the meaning set forth in Section
      3.01.

     

    “Tax Return” means any return, report,
      certificate, form or similar statement or document (including any related or supporting information or schedule attached thereto and any information return, or declaration of estimated Tax) supplied or required to be supplied to, or filed with, a
      Taxing Authority in connection with the payment, determination, assessment or collection of any Tax or the administration of any Applicable Law relating to any Tax and any amended Tax return or claim for refund.

     

    “Tax Notice” has the meaning set forth in Section
      2.04.

     

    “Treasury Regulations” means the final and
      temporary (but not proposed) income Tax regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations).

     

    “U.S.” means the United States of America.

     

    Section 1.02          Additional Definitions.  Capitalized terms not defined in this Agreement shall have the meaning ascribed to them in the Master Separation Agreement.

     

    ARTICLE II          

          

          ALLOCATION, PAYMENT AND INDEMNIFICATION

     

    Section 2.01          Pre-Existing Tax Sharing Agreements.

     

    (a)          Subject to
          Section 4.02, AIG and Corebridge agree to make payments to each other with respect to any Pre-Existing TSA, where such payments are determined as though Corebridge were the relevant Corebridge Group member that is a party to the relevant
          Pre-Existing TSA. Each of AIG and Corebridge agrees to comply with their respective obligations under any Pre-Existing TSA, as stated in Section 6 of such Pre-Existing TSA, and for the purpose of determining the obligations of AIG and Corebridge
          (but not the original Corebridge Group member) under any Pre-Existing TSA, (a) the flush language at the end of each such Section 6 in any Pre-Existing TSA governing federal Income Taxes shall be deemed to read: “PROVIDED, HOWEVER, that
          notwithstanding the termination of this Agreement, the obligations of Parent and Subsidiary shall remain in effect with respect to any period of time during the tax year in which termination occurs and for any prior period, in each case for which
          the income of the Subsidiary must be included in the consolidated return.” and (b) in the Pre-Existing SALT TSA, the flush language at the end of Section 6 governing state Income Taxes or taxes based on gross receipts shall be deemed to read:
          “PROVIDED, HOWEVER, that notwithstanding a Complete Termination or a Partial Termination, the obligations of Parent and SAFG hereunder shall remain in effect with respect to any period of time during the tax year in which such Complete
          Termination or Partial Termination occurs and for any prior period, in each case for which the income of the Subsidiary must be included in the relevant Combined Return.”

     

    
      4

      
        

    

    (b)          For the
          avoidance of doubt, AIG and Corebridge agree that, to the extent that the Corebridge Group receives a refund from any Taxing Authority relating to tax losses, tax credits or similar items for which the Corebridge Group was previously compensated
          under any Pre-Existing TSA (including any refund resulting from the carryback of a tax attribute to a year prior to the effectiveness of such Pre-Existing TSA), then Corebridge will pay to AIG an amount equal to such refund as promptly as
          practicable following receipt.

     

    Section 2.02          Responsibility for Taxes; Indemnification.

     

    Except as otherwise expressly set forth in this Agreement:

     

    (a)          AIG shall
          indemnify and hold harmless Corebridge for all Tax Detriments (and any loss, cost, damage or expense, including reasonable attorneys’ fees and costs, incurred in connection therewith) attributable to (i) any Income Taxes of AIG or any member of the AIG Group for which Corebridge is liable by reason of being severally liable for such Taxes pursuant to Treasury Regulation Section 1.1502-6 or any
          analogous provision of state or local Applicable Law; (ii) any Tax Detriments of Corebridge resulting from the breach of any obligation or covenant of AIG under
          this Agreement (including Section 2.01) and (iii) any Taxes of the AIG Group for any Post-Closing Period.

     

    (b)          Corebridge shall
          indemnify and hold harmless the AIG Group for all Tax Detriments (and any loss, cost, damage or expense, including reasonable attorneys’ fees and costs, incurred in connection therewith) attributable to (i) any Tax Detriments of the AIG Group resulting from the breach of any obligation or covenant of Corebridge under this Agreement (including Section 2.01) and (ii) Taxes of the Corebridge Group for any
          Post-Closing Period.

     

    
      5

      
        

    

    (c)          If an
          Indemnifying Party is required to indemnify an Indemnified Party pursuant to this Section 2.02, the Indemnified Party shall submit its calculations of the amount required to be paid pursuant to this Section 2.02, showing such calculations in
          sufficient detail so as to permit the Indemnifying Party to understand the calculations. Subject to the following sentence, the Indemnifying Party shall pay to the Indemnified Party, no later than ten (10) Business Days after the Indemnifying
          Party receives the Indemnified Party’s calculations, the amount that the Indemnifying Party is required to pay the Indemnified Party under this Section 2.02.  If the Indemnifying Party disagrees with such calculations, it must notify the
          Indemnified Party of its disagreement in writing within ten (10) Business Days of receiving such calculations, in which case no payment shall be made until the disagreement is resolved in accordance with the provisions of this Agreement.

     

     

    (d)          All indemnity
          payments pursuant to this Section 2.02 shall be treated as relating to periods ending on or prior to the Disaffiliation Effective Time.

     

     

    Section 2.03          Preparation of Tax Returns.

     

     

    (a)          Unless otherwise
          required by a Taxing Authority, the Parties agree to prepare and file all Tax Returns, and to take all other actions, in a manner consistent with this Agreement and the positions taken pursuant to any Pre-Existing TSA, as applicable.

     

     

    (b)          Notwithstanding
          anything to the contrary in this Agreement, for all Tax purposes, the parties shall report any Extraordinary Transactions that are caused or permitted by Corebridge on the Closing Date after the completion of the Disaffiliation as occurring on
          the day after the Closing Date pursuant to Treasury Regulation Section 1.1502-76(b)(1)(ii)(B) or any similar or analogous provision of Applicable Law.  AIG shall not make a ratable allocation election pursuant to Treasury Regulation Section
          1.1502-76(b)(2)(ii)(D) or any similar or analogous provision of Applicable Law.

     

     

    (c)          AIG agrees to
          make a valid and timely election under Treasury Regulations Section 1.1502-36(d)(6)(i)(A) to elect to reduce its basis in Corebridge shares to the extent necessary to avoid attribute reduction under Treasury Regulations Section 1.1502-36(d) and
          AIG also agrees not to make any election to reattribute attributes under Treasury Regulations Sections 1.1502-36(d)(6)(i)(B) or (C).

     

    
      6

      
        

    

    Section 2.04          Audits and Proceedings.  Notwithstanding any other provision hereof, if after the Closing Date, an Indemnified Party or any of its Affiliates receives any notice,
          letter, correspondence, claim or decree from any Taxing Authority (a “Tax Notice”) and, upon receipt of such Tax Notice, believes it has suffered or potentially
          could suffer any Tax liability for which it is indemnified pursuant to Section 2.02, the Indemnified Party shall promptly deliver such Tax Notice to the applicable Indemnifying Party; provided, however, that the failure of the Indemnified Party to promptly provide the Tax Notice to the Indemnifying Party
          shall not affect the indemnification rights of the Indemnified Party pursuant to Section 2.02, except to the extent that the Indemnifying Party is actually prejudiced by the Indemnified Party’s failure to promptly deliver such Tax Notice.  The
          Indemnifying Party shall have the right to handle, defend, conduct and control, at its own expense, any Tax audit or other proceeding that relates to such Tax Notice; provided,
          however, that AIG shall have the right to handle, defend, conduct and control, at its own expense, any Tax audit or other proceeding in respect of any Pre-Closing
          Period or Straddle Period.  The Indemnifying Party shall permit the Indemnified Party at such Indemnified Party’s own expense to participate in (but not control) any such Tax audit or other proceeding and shall timely furnish to such Indemnified
          Party copies of all material notices, submissions and other relevant correspondence (redacted if considered necessary to exclude unrelated information) in connection with any such Tax audit or other proceeding.  Neither AIG nor Corebridge shall
          compromise or settle any such Tax audit or other proceeding that it has the authority to control pursuant to the preceding portion of this Section 2.04 without the consent of the other Party, which consent shall not be unreasonably withheld; provided, however, that if one Party reasonably withholds its consent (based on a
          good faith determination by the Party withholding its consent that there is at least a more likely than not basis for upholding its position), the other Party shall nevertheless have the right to compromise or settle any such Tax audit or other
          proceeding provided that the other Party  shall indemnify the non-consenting Party for any incremental Tax Detriment caused by such compromise or settlement.  Furthermore, after the Disaffiliation Time, each of AIG and Corebridge agrees, except
          to the extent inconsistent with Applicable Law, to defend any Tax positions taken on Tax Returns filed prior to the Disaffiliation Time.

     

    Section 2.05          Carrybacks, etc.  To the extent permitted by Applicable Law, neither Corebridge nor any of its Affiliates shall carry back any income Tax Item from a Post-Closing
          Period to a Pre-Closing Period; Corebridge will not, and will not permit its subsidiaries to, take any action with respect to any Pre-Closing Period of any Subsidiary that is treated as a partnership for income tax purposes that would increase
          the Income Taxes for which AIG are responsible under Section 2.02 without the prior written consent of AIG.  For the avoidance of doubt, in the case of any mandatory carryback, the provisions of the applicable Pre-Existing TSA shall control.

     

    
      7

      
        

    

    ARTICLE III

          

          COOPERATION

     

    Section 3.01          General Cooperation.  The Parties shall each cooperate (and each shall cause their respective Subsidiaries to cooperate) with all reasonable requests in writing from
          another Party hereto, or from an agent, representative or advisor to such Party, in connection with the preparation and filing of Tax Returns, claims for Tax refunds, Tax proceedings, and calculations of amounts required to be paid pursuant to
          this Agreement or any Pre-Existing TSA, in each case, related or attributable to or arising in connection with Taxes of any of the Parties or their respective Subsidiaries covered by this Agreement or any Pre-Existing TSA and the establishment of
          any reserve required in connection with any financial reporting (a “Tax Matter”).  Such cooperation shall include the provision of any information reasonably
          necessary or helpful in connection with a Tax Matter and shall include, at each Party’s own cost:

     

    (a)          the provision of
          the relevant portions of any Tax Returns of the Parties and their respective Subsidiaries, books, records (including information regarding ownership and Tax basis of property), documentation and other information relating to such Tax Returns,
          including accompanying schedules, related work papers, and documents relating to rulings or other determinations by Taxing Authorities;

     

    (b)          the execution of
          any document (including any power of attorney) in connection with any Tax proceedings of any of the Parties or their respective Subsidiaries, or the filing of a Tax Return or a Tax refund claim of the Parties or any of their respective
          Subsidiaries;

     

    (c)          the use of the
          Party’s commercially reasonable efforts to obtain any documentation in connection with a Tax Matter; and

     

    (d)          the use of the
          Party’s commercially reasonable efforts to obtain any Tax Returns (including accompanying schedules, related work papers, and documents), documents, books, records or other information in connection with the filing of any Tax Returns of any of
          the Parties or their Subsidiaries.

     

    Each Party shall make its employees, advisors, and facilities available, without charge, on a reasonable and mutually convenient
      basis in connection with the foregoing matters.  This Section 3.01 is intended to be interpreted in a manner consistent with Section [1] of each Pre-Existing TSA.

     

    If any Party fails to cooperate in accordance with the foregoing provisions of this Section 3.01 and fails to cure such
      non-cooperation in a timely manner such that the Party requesting such cooperation is materially prejudiced thereby, the non-cooperating Party shall forfeit its rights of indemnification under Section 2.02 and any Pre-Existing TSA in respect of the
      matter for which cooperation was sought.

     

    Section 3.02          Retention of Records.  Each Party shall retain or cause to be retained all Tax Returns, schedules and workpapers, and all material records or other documents relating
          thereto in their possession that have not previously been provided to the other Party or Parties, until sixty (60) days after the expiration of the applicable statute of limitations (including any waivers or extensions thereof of which such Party
          is aware) of the taxable periods to which such Tax Returns and other documents relate or until the expiration of any additional period that any Party reasonably requests, in writing, with respect to specific material records or documents.  A
          Party intending to destroy any material records or documents shall adequately identify the documents and provide the other Parties with reasonable advance notice and the opportunity to copy or take possession of such records and documents.

     

    
      8

      
        

    

    ARTICLE IV

          

          MISCELLANEOUS

     

    Section 4.01          Dispute Resolution.

     

    (a)          Any dispute as
          to matters covered by this Agreement shall be addressed in a manner consistent with Article X of the Master Separation Agreement; provided, however, that if such dispute is not resolved within 30 days of the date on which the claiming Party provided the other Party with a “Notice of Dispute,” then any Party may pursue the remedy set forth in Section 4.01(b).

     

    (b)           If the
          procedures set forth in Section 4.01(a) have been followed with respect to a dispute and such dispute remains unresolved, the Parties shall appoint PricewaterhouseCoopers LLP to resolve any dispute as to matters covered by this Agreement (the “Accounting Firm”); provided however, that if PricewaterhouseCoopers LLP cannot to be so appointed, AIG shall select another nationally recognized accounting firm to act as the Accounting Firm, subject to the consent of Corebridge,
          not to be unreasonably withheld.  In this regard, the Accounting Firm shall make determinations with respect to the disputed items based solely on representations made by the Parties and their respective representatives, and not by independent
          review, and shall function only as an expert and not as an arbitrator and shall be required to make a determination in favor only of either AIG or Corebridge.  The Parties shall require the Accounting Firm to resolve all disputes no later than
          thirty (30) days after the submission of such dispute to the Accounting Firm, but in no event later than the Due Date for the payment of Taxes or the filing of the applicable Tax Return, if applicable, and agree that all decisions by the
          Accounting Firm with respect thereto shall be final, conclusive and binding on the Parties.  The Accounting Firm shall resolve all disputes in a manner consistent with this Agreement and, to the extent not inconsistent with this Agreement, in a
          manner consistent with the past practices prior to the Disaffiliation Effective Time of AIG and its Subsidiaries, except as otherwise required by Applicable Law.  Unless otherwise agreed by the Parties, the Parties shall require the Accounting
          Firm to render all determinations in writing and to set forth, in reasonable detail, the basis for such determination.  The fees and expenses of the Accounting Firm shall be paid by the non-prevailing Parties.

     

    
      9

      
        

    

    Section 4.02          State and Local Tax Allocation Agreement.

     

    (a)          To the extent
          any member of the Corebridge Group files a state or local combined, consolidated, or unitary Income Tax return with a member of the AIG Group (a “Joint Return”),
          the principles of this Agreement shall be similarly applied, except that the Pre-Existing SALT TSA, as modified by clauses (b) through (d) below, shall be treated as the relevant Pre-Existing TSA.

     

    (b)          With respect to
          each Joint Return filed in New York State or New York City, if the Taxes are determined by any means other than the capital base (a “NY Joint Return”),  Corebridge
          shall be liable to AIG for its portion of the excess of (i) the total Tax liability (prior to the application of any attributes) shown on the NY Joint Return, over (ii) the maximum Tax for a corporation or combined group subject to New York State
          and New York City Taxes determined by the capital base.  For purposes of applying the Pre-Existing SALT TSA, each NY Joint Return shall be a “Combined Return” and the members of the affiliated, combined, consolidated, unitary or similar groups
          included in the applicable NY Joint Return shall be a “Group” for all purposes of the Pre-Existing SALT TSA except that this clause (b) (and not
          Section 2 of the Pre-Existing SALT TSA) shall be applied for purposes of allocating the Tax liabilities with respect to each NY Joint Return.

     

    (c)          For purposes of
          applying the Pre-Existing SALT TSA, each Significant Joint Return shall be a “Combined Return”, and the members of the affiliated, combined, consolidated, unitary or similar groups included in each Significant Joint Return shall be a “Group”, and

     

    (d)          If the aggregate
          of the total Tax liabilities (prior to the application of any attributes) reflected on the Minor Joint Returns for any Tax year equals or exceeds fifteen million dollars, then the Minor Joint Return with the largest total Tax liability (prior to
          the application of any attributes) shall be reclassified as a Significant Joint Return and shall be subject to the provisions of clause (c) above.  This clause (d) shall be reapplied excluding each newly-designated Significant Joint Return from
          the definition of Minor Joint Return until the aggregate of the total Tax liabilities reflected on the remaining Minor Joint Returns for any Tax year is less than fifteen million dollars.

     

    Section 4.03          Obligations Subject to Applicable Law.  The obligations of each Party under this Agreement shall be subject to Applicable Law, and, to the extent inconsistent
          therewith, the Parties shall adopt such modified arrangements as are as close as possible to the requirements of this Agreement while remaining compliant with Applicable Law; provided,
          however, that Corebridge shall fully avail itself of all exemptions, phase-in provisions and other relief available under Applicable Law before any modified
          arrangements shall be adopted.

     

    
      10

      
        

    

    Section 4.04          Notices.  All notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be deemed to have been given (a) when
          delivered by hand (with written confirmation of receipt), (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested), (c) on the date sent by email if sent during normal business hours of the
          recipient, and on the next Business Day if sent after normal business hours of the recipient, or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be
          sent to the respective parties at the following addresses (or at such other address for a Party as shall be specified by like notice):

     

    If to Corebridge, to:

      

      [●]

      [●]

      [●]

      Attention:  [●]

      Telephone:  [●]

      Email:  [●]

     

    If to AIG, to:

      

      [●]

      [●]

      [●]

      Attention:  [●]

      Telephone:  [●]

      Email:  [●]

     

     

    Section 4.05          Applicable Law.  This Agreement and any dispute arising hereunder shall be governed by, and construed in accordance with, the laws of the State of Delaware, without
          giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by statute and would permit or require the application of the laws of another jurisdiction.

     

    Section 4.06          Severability.  Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under
          Applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any Applicable Law in any jurisdiction, such invalidity, illegality or unenforceability will
          not affect any other provision or portion of any provision in such jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision
          had never been contained herein.

     

    
      11

      
        

    

    Section 4.07          Confidential Information.  All information provided by either Party shall, except if the purpose for which such information is furnished pursuant to this Agreement
          contemplates such disclosure or is for disclosure in public documents of Corebridge or any of its Subsidiaries or AIG or any of its Subsidiaries and, except for disclosure to other Subsidiaries of AIG or Corebridge, as the case may be, be kept
          strictly confidential and, unless otherwise required by Applicable Law or as agreed by the Parties, neither Party shall disclose, and each shall take all necessary steps to ensure that none of their respective directors, officers, employers,
          agents and representatives disclose, or make use of, except in accordance with Applicable Law, such information in any manner whatsoever until such information otherwise becomes generally available to the public.  Each Party shall be liable for
          any breach of this Section 4.07 by it or any of its Subsidiaries or any of their respective directors, officers, employees, agents and representatives.

     

    Section 4.08          Amendment, Modification and Waiver.

     

    (a)          This Agreement
          may be amended, restated, supplemented, modified or terminated, in each case, only by a written instrument signed by each of Corebridge and AIG.

     

    (b)          A provision of
          this Agreement may only be waived by a written instrument signed by the Party waiving a right hereunder. No delay on the part of a Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver
          on the part of a Party of any right, power or privilege, nor any single or partial exercise of any such right, power or privilege, preclude any further exercise thereof or the exercise of any other such right, power or privilege.

     

    Section 4.09          Assignment.  This Agreement shall be binding upon and inure to the benefit of the Parties and their respective permitted successors and assigns.  Neither Party shall
          assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the other Party.  Any purported assignment in violation of this Section 4.09 shall be null and void ab initio.

     

    Section 4.10          Further Assurances.  In addition to the actions specifically provided for elsewhere in this Agreement, each Party hereto shall execute and deliver such additional
          documents, instruments, conveyances and assurances, take, or cause to be taken, all actions and do, or cause to be done, all things reasonably necessary, proper or advisable to carry out the provisions of this Agreement.

     

    Section 4.11          No Third-Party Beneficiaries.  No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person
          other than the Parties and their respective successors and assigns.

     

    Section 4.12          Discretion of Parties.  Where this Agreement requires or permits any Party to make or take any decision, determination or action with respect to matters governed by
          this Agreement, unless expressly provided otherwise, such decision, determination or action may be made or taken by such Party in its sole and absolute discretion.

     

    
      12

      
        

    

    Section 4.13          Entire Agreement.  Except as otherwise expressly provided in this Agreement, this Agreement, together with the Pre-Existing TSAs, constitutes the entire agreement of
          the Parties hereto with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the Parties hereto with respect to the subject matter of this Agreement. 
          In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of the Master Separation Agreement, the provisions of this Agreement shall govern and control.

     

    Section 4.14          Counterparts.  This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts
          have been signed by each Party and delivered to the other Party. Each Party may deliver its signed counterpart of this Agreement to the other Party by means of electronic mail or any other electronic medium utilizing image scan technology, and
          such delivery will have the same legal effect as hand delivery of an originally executed counterpart.

     

    Section 4.15          Limitations of Liability.  Notwithstanding anything in this Agreement to the contrary, neither Corebridge or any member of the Corebridge Group, on the one hand, nor
          AIG or any member of the AIG Group, on the other hand, shall be liable under this Agreement to the other for any special, indirect, punitive, exemplary, remote, speculative or similar damages in excess of compensatory damages of the other arising
          in connection with the transactions contemplated hereby (other than any penalties or similar liabilities with respect to a third-party).

     

    Section 4.16          Mutual Drafting.  This Agreement shall be deemed to be the joint work product of the Parties and any rule of construction that a document shall be interpreted or
          construed against a drafter of such document shall not be applicable.

     

    Section 4.17          No Set-Off.  Except as expressly set forth in any Pre-Existing TSA or as otherwise mutually agreed to in writing by the Parties, neither Corebridge or any member of the
          Corebridge Group, on the one hand, nor AIG or any member of the AIG Group, on the other hand, shall have any right of set-off or other similar rights with respect to (a) any amounts received pursuant to this Agreement or (b) any other amounts
          claimed to be owed to the other Party or any member of its Group arising out of this Agreement.

     

    Section 4.18          Expenses.  Except as otherwise expressly set forth in this Agreement or any Pre-Existing TSA, or as otherwise agreed to in writing by the Parties, all fees, costs and
          expenses incurred in connection with the preparation, execution, delivery and implementation of this Agreement will be borne by the Party or its applicable Subsidiary incurring such fees, costs or expenses.

     

    
      13

      
        

    

    Section 4.19          Interpretation.  When reference is made in this Agreement to an Article or a Section, such reference shall be to an Article or a Section of this Agreement unless
          otherwise indicated. All references herein to any agreement, instrument, statute, rule or regulation are to the agreement, instrument, statute, rule or regulation as amended, modified, supplemented or replaced from time to time (and, in the case
          of statutes, include any rules and regulations promulgated under said statutes) and to any section of any statute, rule or regulation including any successor to said section.  The table of contents and headings contained in this Agreement are for
          reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
          limitation.” Whenever the words “hereof,” “hereto,” “hereby,” “herein” and “hereunder” and words of similar import are used in this Agreement, they shall be deemed to refer to this Agreement as a whole and not to any particular provision of this
          Agreement. Whenever the word “or” is used in this Agreement, it shall not be exclusive. Whenever the word “extent” in the phrase “to the extent” is used in this Agreement, it shall be deemed to mean the degree to which a subject or other thing
          extends and shall not mean simply “if.” Whenever the singular is used herein, the same shall include the plural, and whenever the plural is used herein, the same shall include the singular, where appropriate. Whenever the word “Dollars” or the
          “$” sign appear in this Agreement, they shall be construed to mean United States Dollars, and all transactions under this Agreement shall be in United States Dollars. This Agreement has been fully negotiated by both parties and shall not be
          construed by any governmental authority against either Party by virtue of the fact that such Party was the drafting Party.

     

    [The remainder of this page is intentionally left blank.]

     

    
      14

      
        

    

     

    IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first written above by their respective
      officers thereunto duly authorized.

     

     

    

    
      	
               

            	AMERICAN INTERNATIONAL GROUP, INC.
	
               

            	
               

            	
               

            
	
               

            	By:  

              	
               

            
	
               

            	Name:  

                	
               

            
	
               

            	Title:  

                	
               

            
	
               

            	
               

            	
               

            
	
               

            	COREBRIDGE FINANCIAL, INC.
	
               

            	
               

            	
               

            
	
               

            	By:  

              	
               

            
	
               

            	Name:  

                	
               

            
	
               

            	Title:  

                	
               

            

    

     

    
      
        

    

    

    

     

    Exhibit A

    Forms of Federal Tax Sharing Agreement

    

    

    [To be provided]

    
      
        

    

    

    

     

    Exhibit B

    Form of State and Local Tax Sharing Agreement

    

    

    [To be provided]Exhibit 10.43

    

    

    COREBRIDGE FINANCIAL, INC.

     2022 OMNIBUS INCENTIVE PLAN

     

    
      
        

    

    
    COREBRIDGE FINANCIAL, INC.

     2022 OMNIBUS INCENTIVE PLAN

     

    	 	
            ARTICLE I

          	 
	 	
            GENERAL

          	 
	 	 	 
	
            1.1

          	
            Purpose

          	
            3

            

          
	
            1.2

          	
            Definitions

          	
            3

            

          
	
            1.3

          	
            Administration

          	
            6

            

          
	
            1.4

          	
            Persons Eligible for Awards

          	
            7

            

          
	
            1.5

          	
            Types of Awards

          	
            7

            

          
	
            1.6

          	
            Shares of Common Stock Available for Stock-Based Awards

          	
            7

            

          
	 	 	 
	 	
            ARTICLE II

          	 
	 	
            AWARDS UNDER THE PLAN

          	 
	 	 	 
	
            2.1

          	
            Agreements Evidencing Awards

          	
            8

          
	
            2.2

          	
            No Rights as a Shareholder

          	
            9

            

          
	
            2.3

          	
            Options

          	
            9

            

          
	
            2.4

          	
            Stock Appreciation Rights

          	
            10

          
	
            2.5

          	
            Restricted Shares

          	
            10

          
	
            2.6

          	
            Restricted Stock Units

          	
            11

          
	
            2.7

          	
            Other Stock-Based Awards

          	
            11

          
	
            2.8

          	
            Cash-Based Awards

          	
            11

          
	
            2.9

          	
            Dividend Equivalent Rights

          	
            11

          
	
            2.10

          	
            Related Option Transactions

          	
            12

          
	
            2.11

          	
            Change in Control Provisions

          	
            12

          
	
            2.12

          	
            Minimum Vesting

          	
            12

          
	
            2.13

          	
            Assumed Awards

          	
            13

          
	 	 	 
	 	
            ARTICLE III

          	 
	 	
            MISCELLANEOUS

          	 
	 	 	 
	
            3.1

          	
            Amendment of the Plan

          	
            13

          
	
            3.2

          	
            Tax Withholding

          	
            13

          
	
            3.3

          	
            Required Consents and Legends

          	
            13

          
	
            3.4

          	
            Clawback

          	
            14

          
	
            3.5

          	
            Right of Offset

          	
            14

          
	
            3.6

          	
            Nonassignability; No Hedging

          	
            14

          
	
            3.7

          	
            Successor Entity

          	
            14

          
	
            3.8

          	
            Right of Discharge Reserved

          	
            15

          
	
            3.9

          	
            Nature of Payments

          	
            15

          
	
            3.10

          	
            Non-Uniform Determinations

          	
            15

          
	
            3.11

          	
            Other Payments or Awards

          	
            15

            

          
	
            3.12

          	
            Plan Headings

          	
            15

            

          
	
            3.13

          	
            Termination of Plan

          	
            16

            

          
	
            3.14

          	
            Section 409A

          	
            16

            

          
	
            3.15

          	
            Governing Law

          	
            16

            

          
	
            3.16

          	
            Severability; Entire Agreement

          	
            17

            

          
	
            3.17

          	
            Waiver of Claims

          	
            17

            

          
	
            3.18

          	
            No Liability With Respect to Tax Qualification or Adverse Tax Treatment

          	
            17

            

          
	
            3.19

          	
            No Third Party Beneficiaries

          	
            17

            

          
	
            3.20

          	
            Successors and Assigns of Corebridge

          	
            17

            

          
	
            3.21

          	
            Effective Date

          	
            17

            

          

    

    

    
      2

      
        

    

    COREBRIDGE FINANCIAL, INC.

     2022 OMNIBUS INCENTIVE PLAN

     

    ARTICLE I

     

    GENERAL

     

    	1.1	
            Purpose

          

     

    The purpose of the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan is (1) to attract, retain and motivate officers, directors and key employees of the Company (as defined below), compensate
      them for their contributions to the Company and encourage them to acquire a proprietary interest in the Company, (2) to align the interests of officers, directors and key employees with those of shareholders of the Company and (3) to assist the
      Company in ensuring that its compensation program does not provide incentives to take imprudent risks.

     

    	1.2	
            Definitions

          

     

    For purposes of this 2022 Omnibus Incentive Plan, the following terms have the meanings set forth below:

     

    “Acquisition Awards” has the meaning set forth in Section 1.6.2.

     

    “AIG” means American International Group, Inc.

     

    “Assumed Awards” means any award granted under a Prior Plan, which award is assumed by Corebridge and converted into an Awardpursuant to the terms of the
      Employee Matters Agreement.

     

    “Award” means an award made pursuant to the Plan.  For the avoidance of doubt, the term “Award” includes each Assumed Award.

     

    “Award Agreement” means the written or electronic document that evidences each Award and sets forth its terms and conditions. As determined by the Committee,
      an Award Agreement may be required to be executed or acknowledged by a Grantee as a condition to receiving an Award or the benefits under an Award.

     

    “Board” means the Board of Directors of Corebridge.

     

    “Business Combination” means a merger, consolidation, mandatory share exchange or similar form of corporate transaction involving Corebridge.

     

    “Certificate” means a stock certificate (or other appropriate document or evidence of ownership) representing shares of Common Stock.

     

    “Change in Control” means the occurrence of any of the following events: (a) the Incumbent Directors cease for any reason to constitute at least a majority of the Board, provided that any person becoming a Director subsequent to the Effective Date, whose election or nomination for election was approved by a vote of at least two-thirds of the Incumbent Directors then on the Board
      (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without written objection to such nomination) shall be an Incumbent Director; provided,
      however, that no individual initially elected or nominated as a Director as a result of an actual or threatened election contest with respect to directors or as a result of any other actual or threatened
      solicitation of proxies or consents by or on behalf of any person other than the Board shall be deemed to be an Incumbent Director; (b) any “person” (as such term is defined in Section 3(a)(9) of the Exchange Act and as used in Sections 13(d)(3) and
      14(d)(2) of the Exchange Act) other than AIG and its subsidiaries, becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 50% or more of the Company Voting Securities; provided, however, that the event described in this clause (b) shall not be deemed to be a Change in Control by virtue of an acquisition of Company Voting
        Securities: (i) by Corebridge or any subsidiary of Corebridge; (ii) by any employee benefit plan (or related trust) sponsored or maintained by Corebridge or any subsidiary of Corebridge; or (iii) by any underwriter temporarily holding securities pursuant to an offering of such securities; (c) the consummation of a Business Combination that results in any person becoming the beneficial owner, directly or indirectly, of 50% or more of the total voting
        power of the outstanding voting securities eligible to elect directors of the entity resulting from such Business Combination; (d) the consummation of a sale of all or substantially all of the Company’s assets (other than to an affiliate of the
        Company); or (e) the approval by Corebridge’s shareholders of a plan of complete liquidation or dissolution of the Company.

     

    
      3

      
        

    

    Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any person holds or acquires beneficial ownership of more than 50% of the Company Voting Securities as a
      result of a “Company share repurchase program” or other acquisition of Company Voting Securities by the Company which reduces the total number of Company Voting Securities outstanding; provided that if after such acquisition by the Company such
      person becomes the beneficial owner of additional Company Voting Securities that increases the percentage of outstanding Company Voting Securities beneficially owned by such person, a Change in Control shall then occur.

     

    Notwithstanding any other provision of the Plan or any Award Agreement, with respect to any Award that constitutes “nonqualified deferred compensation” within the meaning of Section 409A of the Code,
      a Change in Control shall not constitute a settlement or distribution event with respect to such Award, or an event that otherwise changes the timing of settlement or distribution of such Award, unless the Change in Control also constitutes an event
      described in Section 409A(a)(2)(v) of the Code and the regulations thereunder.  For the avoidance of doubt, this paragraph shall have no bearing on whether an Award vests pursuant to the terms of the Plan or the applicable Award Agreement.

     

    For the avoidance of doubt, neither the IPO nor any subsequent public offering of Company Voting Securities
        by AIG, Argon Holdco LLC or their respective affiliates that is not also a Change in Control described in clause (b) or (c) of this definition of Change in
          Control shall constitute a Change in Control for purposes of the Plan and the Awards.

     

    “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor thereto, and the applicable rulings and regulations thereunder.

     

    “Committee” means the committee appointed by the Board to administer the Plan pursuant to Section 1.3, which, to the extent the Board determines it is
      appropriate for Awards under the Plan to qualify for the exemption available under Rule 16b-3(d)(1) or Rule 16b-3(e) promulgated under the Exchange Act, shall be a committee or subcommittee of the Board composed of two or more members, each of whom
      is a “non- employee director” within the meaning of Rule 16b-3.  Unless otherwise determined by the Board, the Committee shall be the Compensation Committee of the Board; provided that, if there is no Compensation Committee established, the
      Board shall serve as the Committee.

     

    “Common Stock” means the common stock of Corebridge, par value $0.01 per share, and any other securities or property issued in exchange therefor or in lieu
      thereof pursuant to Section 1.6.4.

     

    “Company” means Corebridge and its consolidated subsidiaries.

     

    “Company Voting Securities” means, as of a given date, Corebridge’s then outstanding securities eligible to vote for the election of the Board.

     

    “Corebridge” means Corebridge Financial, Inc. or any successor contemplated by Section 3.7.

     

    “Consent” has the meaning set forth in Section 3.3.2.

     

    
      4

      
        

    

    “Covered Person” has the meaning set forth in Section 1.3.3.

     

    “Director” means a member of the Board or a member of the board of directors of a consolidated subsidiary of Corebridge.

     

    “Effective Date” has the meaning set forth in Section 3.21.

     

    “Employee” means an employee of the Company.

     

    “Employee
        Matters Agreement” means the Employee Matters Agreement between Corebridge and AIG entered into in connection with the separation (the “Separation”) of AIG’s life and retirement insurance business and related investment management operations from AIG by means of a separation transaction, including a transaction whereby the
        Company becomes an independent, publicly traded company.

     

    “Employment” means a Grantee’s performance of services for the Company, as an Employee, as determined by the Committee. The terms “employ” and “employed” will
      have correlative meanings.

     

    “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor thereto, and the applicable rules and regulations
      thereunder.

     

    “Fair Market Value” means, with respect to a share of Common Stock (or option or stock appreciation right in respect of a share of Common Stock) on any day,
      the fair market value as determined in accordance with a valuation methodology approved by the Committee.

     

    “Grantee” means a person who receives an Award.

     

    “Incentive Stock Option” means an option to purchase shares of Common Stock that is intended to be designated as an “incentive stock option” within the
      meaning of Sections 421 and 422 of the Code, as now constituted or subsequently amended, or pursuant to a successor of the Code, and which is designated as an Incentive Stock Option in the applicable Award Agreement.

     

    “Incumbent Directors” means the individuals who constitute the Board on the Effective Date.

     

    “IPO” means the initial public offering of the  Common Stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange
      Commission under the Securities Act.

     

    “Officer” means an Employee who is an “officer” of  Corebridge within the meaning of Rule 16a-1(f) under the Exchange Act.

     

    “Plan” means this Corebridge Financial, Inc. 2022 Omnibus Incentive Plan, as amended from time to time.

     

    “Plan Action” has the meaning set forth in Section 3.3.1.

     

    “Prior Plans” mean the American
        International Group, Inc. 2021 Omnibus Incentive Plan and the American International Group, Inc, 2013 Omnibus Incentive Plan, as amended from time to time.

     

    “Section 409A” means Section 409A of the Code, including any amendments or successor provisions to that section, and any regulations and other administrative
      guidance relating thereto, in each case as they may be from time to time amended or interpreted through further administrative guidance.

     

    “Securities Act” means the Securities Act of 1933, as amended from time to time, or any successor thereto, and the applicable rules and regulations
      thereunder.

     

    
      5

      
        

    

    “Separation Agreement” means the master separation agreement entered into by and between AIG and Corebridge in connection with the Separation.

     

    “Successor entity” has the meaning set forth in Section 3.7.

     

    	1.3	
            Administration

          

     

    1.3.1        The Committee will administer the Plan. The Committee is authorized, subject to the provisions of the Plan, to establish such rules and regulations as it deems
      necessary for the proper administration of the Plan and to make such determinations and interpretations and to take such action in connection with the Plan and any Award granted thereunder as it deems necessary or advisable. All determinations and
      interpretations made by the Committee will be final, binding and conclusive on all Grantees and on their legal representatives and beneficiaries. The Committee will have the authority, in its absolute discretion, to determine the persons who will
      receive Awards, the time when Awards will be granted, the terms of such Awards and the number of shares of Common Stock, if any, which will be subject to such Awards. Unless otherwise provided in an Award Agreement, the Committee reserves the
      authority, in its absolute discretion, (a) to amend any outstanding Award Agreement in any respect, whether or not the rights of the Grantee of such Award are adversely affected (but subject to Sections 2.3.6, 2.4.5, and 3.14.1), including, without
      limitation, to accelerate the time or times at which the Award becomes vested, unrestricted or may be exercised, to waive or amend any restrictions or conditions set forth in such Award Agreement, or to impose new restrictions and conditions, or to
      reflect a change in the Grantee’s circumstances or to modify, amend or adjust the terms and conditions of performance goals, and (b) to determine whether, to what extent and under what circumstances and method or methods (i) Awards may be (A) settled
      in cash, shares of Common Stock, other securities, other Awards or other property, (B) exercised or (C) canceled, forfeited or suspended, (ii) shares of Common Stock, other securities, other Awards or other property, and other amounts payable with
      respect to an Award may be deferred either automatically or at the election of the Grantee thereof or of the Committee and (iii) Awards may be settled by the Company or any of its designees. Notwithstanding anything to the contrary contained herein,
      the Board may, in its sole discretion, at any time and from time to time, grant Awards or administer the Plan, in which case the Board will have all of the authority and responsibility granted to the Committee herein.

     

    1.3.2        Actions of the Committee may be taken by the vote of a majority of its members. To the extent not inconsistent with applicable law and applicable rules and
      regulations of the New York Stock Exchange, (a) the Committee may delegate any of its powers under the Plan to a subcommittee of the Committee or to one of its members, (b) the Committee may allocate among its members any of its administrative
      responsibilities and (c) notwithstanding anything to the contrary contained herein, the Committee may delegate to one or more officers of Corebridge designated by the Committee from time to time the determination of Awards (and related administrative
      responsibilities) to Employees who are not Officers.

     

    1.3.3        No Director or Employee exercising each such person’s responsibilities under the Plan (each such person, a “Covered Person”) will have any liability to any person (including any Grantee) for any action taken or omitted to be taken or any determination made in good faith with respect to the Plan or any Award. Each Covered Person will be
      indemnified and held harmless by Corebridge against and from any loss, cost, liability or expense (including attorneys’ fees) that may be imposed upon or incurred by such Covered Person in connection with or resulting from any action, suit or
      proceeding to which such Covered Person may be a party or in which such Covered Person may be involved by reason of any action taken or omitted to be taken under the Plan or any Award Agreement and against and from any and all amounts paid by such
      Covered Person, with Corebridge’s approval, in settlement thereof, or paid by such Covered Person in satisfaction of any judgment in any such action, suit or proceeding against such Covered Person, provided that
      Corebridge will have the right, at its own expense, to assume and defend any such action, suit or proceeding and, once Corebridge gives notice of its intent to assume the defense, Corebridge will have sole control over such defense with counsel of
      Corebridge’s choice. To the extent any taxable expense reimbursement under this paragraph is subject to Section 409A, (a) the amount thereof eligible in one taxable year shall not affect the amount eligible in any other taxable year; (b) in no event
      shall any expenses be reimbursed after the last day of the taxable year following the taxable year in which the Covered Person incurred such expenses; and (c) in no event shall any right to reimbursement be subject to liquidation or exchange for
      another benefit. The foregoing right of indemnification will not be available to a Covered Person to the extent that a court of competent jurisdiction in a final judgment or other final adjudication, in either case, not subject to further appeal,
      determines that the acts or omissions of such Covered Person giving rise to the indemnification claim resulted from such Covered Person’s bad faith, fraud or willful misconduct. The foregoing right of indemnification will not be exclusive of any
      other rights of indemnification to which Covered Persons may be entitled under Corebridge’s Amended and Restated Certificate of Incorporation or By-laws, as a matter of law, or otherwise, or any other power that Corebridge may have to indemnify such
      persons or hold them harmless.

     

    
      6

      
        

    

    

    	1.4	
            Persons Eligible for Awards

          

     

    Awards under the Plan may be made to current Employees or Directors or, solely with respect to their final year of service, former Employees.  Pursuant to the terms of the Employee Matters Agreement,
      certain employees and officers of the Company  will receive Assumed Awards.

     

    	1.5	
            Types of Awards

          

     

    Awards under the Plan may be cash-based or stock-based. Stock-based Awards may be in the form of any of the following, in each case in respect of Common Stock: (a) stock options, (b) stock
      appreciation rights, (c) restricted shares (including performance restricted shares), (d) restricted stock units (including performance restricted stock units), (e) dividend equivalent rights and (f) other equity-based or equity-related Awards
      (including, without limitation, the grant or offer for sale of unrestricted shares of Common Stock) that the Committee determines to be consistent with the purposes of the Plan and the interests of the Company. Cash-based Awards may be in the form of
      performance-based awards and other cash awards (including, without limitation, retainers and meeting-based fees) that the Committee determines to be consistent with the purposes of the Plan and the interests of the Company.

     

    	1.6	
            Shares of Common Stock Available for Stock-Based Awards

          

     

    1.6.1        Common Stock Subject to the Plan. Subject to the other provisions of this Section 1.6, the
      total number of shares of Common Stock that may be granted under the Plan is [•].  Such shares of Common Stock may, in the discretion of the Committee, be either authorized but unissued shares or shares previously issued and reacquired by Corebridge.
      Solely for the purpose of determining the number of shares of Common Stock available for grant of Incentive Stock Options under the Plan, the total number of shares of Common Stock shall be [•] without regard to the share
      counting provisions contained in Section 1.6.2.

     

    1.6.2        Share Counting. Each share underlying a stock option, stock appreciation right, restricted
      share, restricted stock unit and other equity-based Award (including, for the avoidance of doubt, an Assumed Award) or equity-related Award will count as one share of Common Stock.  Shares of Common Stock subject to awards that are assumed, converted
      or substituted under the Plan as a result of the Company’s acquisition of another company (including by way of merger, combination or similar transaction) (“Acquisition Awards”) following the IPO will not
      count against the number of shares that may be granted under the Plan. Available shares under a shareholder approved plan of an acquired company (as appropriately adjusted to reflect the transaction) may be used for Awards under the Plan and do not
      reduce the maximum number of shares available for grant under the Plan, subject to applicable stock exchange requirements.

     

    Shares subject to an Award that is forfeited, expires or is settled for cash (in whole or in part), to the extent of such forfeiture, expiration or cash settlement shall be available for future grants of Awards under the
      Plan and shall be added back in the same number of shares as were deducted in respect of the grant of such Award. The payment of dividend equivalent rights in cash in conjunction with any outstanding Awards shall not be counted against the shares
      available for issuance under the Plan.

     

    
      7

      
        

    

    In no event shall the following shares of Common Stock become available for issuance in connection with Awards issued under the Plan: (a) shares of Common Stock tendered or withheld as payment of the exercise price of an
      option; (b) shares of Common Stock tendered or withheld as payment of withholding taxes with respect to an Award; (c) any shares of Common Stock reserved for issuance under a stock appreciation right that exceed the number of shares actually issued
      upon exercise; and (d) shares of Common Stock reacquired by the Company using amounts received upon the exercise of an option.

     

    1.6.3        Director Awards. In order to retain and compensate Directors for their services, and to strengthen the alignment of their
      interests with those of the shareholders of the Company, the Plan permits the grant of Awards to Directors. Aggregate stock-based Awards to any one non-employee Director under the Plan in respect of any calendar year, solely with respect to his or
      her service as a Director, may not exceed $500,000 based on the aggregate Fair Market Value of the stock-based Awards, in each case determined as of the date of grant.

     

    1.6.4        Adjustments. The Committee shall adjust the number of shares of Common Stock authorized
      pursuant to Section 1.6.1 (and any limits on the number of stock-based Awards that may be granted to any Grantee under this Plan) and adjust equitably the terms of any outstanding Awards (including, without limitation, the number of shares of Common
      Stock covered by each outstanding Award, the type of property to which the Award is subject and the exercise or strike price of any Award), in each case in such manner as it deems appropriate (including, without limitation, unless otherwise provided
      in an Award Agreement, by payment of cash) to preserve and prevent the enlargement of the benefits or potential benefits intended to be made available to Grantees, for any increase or decrease in the number of issued shares of Common Stock resulting
      from a recapitalization, spin-off, split-off, stock split, stock dividend, extraordinary cash dividend, combination or exchange of shares of Common Stock, merger, consolidation, rights offering, separation, reorganization or liquidation, or any other
      change in the corporate structure or shares of Corebridge; provided that no such adjustment shall be made if or to the extent that it would cause any outstanding Award to fail to comply with Section 409A.
      After any adjustment made pursuant to this Section 1.6.4, the number of shares of Common Stock subject to each outstanding Award will be rounded down to the nearest whole number. Notwithstanding the foregoing, the Committee may, in its sole
      discretion, decline to adjust the terms of any outstanding Award if it determines that such adjustment would violate applicable law or result in adverse tax consequences to the Grantee or to the Company.  For the avoidance of doubt, the Separation
      and the IPO,  or any subsequent public offering of Company Voting Securities by AIG, or Argon Holdco LLC shall not give rise to an adjustment of Awards under this Section 1.6.4.

     

    ARTICLE II

     

    AWARDS UNDER THE PLAN

     

    	2.1	
            Agreements Evidencing Awards

          

     

    Each stock-based Award and, to the extent determined appropriate by the Committee, cash-based Award granted under the Plan will be evidenced by an Award Agreement that will contain such provisions
      and conditions as the Committee deems appropriate. Unless otherwise provided herein, the Committee may grant Awards in tandem with or, subject to Sections 2.3.6, 2.4.5 and 3.14.1, in substitution for or satisfaction of any other Award or Awards
      granted under the Plan or any award granted under any other plan of Corebridge. By accepting an Award pursuant to the Plan, a Grantee thereby agrees that the Award will be subject to all of the terms and provisions of the Plan and the applicable
      Award Agreement.

     

    
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    	2.2	
            No Rights as a Shareholder

          

     

    No Grantee (or other person potentially having rights pursuant to an Award) shall have any of the rights of a shareholder of Corebridge with respect to shares of Common Stock subject to an Award
      until the delivery of such shares (or in the case of an Award of restricted or unrestricted shares of Common Stock, the grant or registration in the name of the Grantee of such shares pursuant to the applicable Award Agreement, but then only as the
      Committee may include in the applicable Award Agreement). Except as otherwise provided in Section 1.6.4 or pursuant to the applicable Award Agreement, no adjustments will be made for dividends, distributions or other rights (whether ordinary or
      extraordinary, and whether in cash, Common Stock, other securities or other property) for which the record date is before the date the Certificates for the shares are delivered.

     

    	2.3	
            Options

          

     

    2.3.1        Grant. Stock options may be granted to eligible recipients in such number and at such times during the term of the Plan as
      the Committee or the Board may determine.

     

    2.3.2        Incentive Stock Options. At the time of grant, the Committee will determine (a) whether all or any part of a stock option
      granted to an eligible employee will be an Incentive Stock Option and (b) the number of shares subject to such Incentive Stock Option; provided, however, that (i) the aggregate Fair Market Value (determined
      as of the time the option is granted) of the stock with respect to which Incentive Stock Options are exercisable for the first time by an eligible employee during any calendar year (under all such plans of Corebridge and of any subsidiary corporation
      of Corebridge) will not exceed $100,000 and (ii) no Incentive Stock Option (other than an Incentive Stock Option that may be assumed or issued by the Company in connection with a transaction to which Section 424(a) of the Code applies) may be granted
      to a person who is not eligible to receive an Incentive Stock Option under the Code. The form of any stock option which is entirely or in part an Incentive Stock Option will clearly indicate that such stock option is an Incentive Stock Option or, if
      applicable, the number of shares subject to the Incentive Stock Option.

     

    2.3.3        Exercise Price. The exercise price per share with respect to each stock option will be determined by the Committee, but,
      except as otherwise permitted by Section 1.6.4 or in the case of an Acquisition Award or an Assumed Award, may never be less than the Fair Market Value of the Common Stock. Unless otherwise noted in the Award Agreement, the Fair Market Value of the
      Common Stock will be its closing price on the New York Stock Exchange on the date of grant of the Award of stock options.

     

    2.3.4        Term of Stock Option. In no event will any stock option be exercisable after the expiration of ten (10) years from the date
      on which the stock option is granted.

     

    2.3.5        Exercise of Stock Option and Payment for Shares. Subject to Section 2.12, the shares of Common Stock covered by each stock
      option may not be purchased for one year after the date on which the stock option is granted (except in the case of termination of Employment due to death, disability or retirement), but thereafter may be purchased in such installments as will be
      determined in the Award Agreement at the time the stock option is granted. Subject to any limitations in the applicable Award Agreement, any shares not purchased on the applicable installment date may be purchased thereafter at any time before the
      final expiration of the stock option. To exercise a stock option, the Grantee must give written notice to Corebridge specifying the number of shares to be purchased and accompanied by payment of the full purchase price therefor in cash or by
      certified or official bank check or in another form as determined by the Committee, including: (a) personal check, (b) shares of Common Stock, valued as of the exercise date, of the same class as those to be granted by exercise of the stock option,
      (c) any other form of consideration approved by the Committee and permitted by applicable law and (d) any combination of the foregoing. Any person exercising a stock option will make such representations and agreements and furnish such information as
      the Committee may in its discretion deem necessary or desirable to assure compliance by Corebridge, on terms acceptable to Corebridge, with the provisions of the Securities Act, and any other applicable legal requirements.

     

    
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    2.3.6        Repricing. Except as otherwise permitted by Section 1.6.4, reducing the exercise price of stock
      options issued and outstanding under the Plan, including through amendment, cancellation in exchange for the grant of a substitute Award or repurchase for cash or other consideration (in each case that has the effect of reducing the exercise price),
      will require approval of the shareholders.

     

    	2.4	
            Stock Appreciation Rights

          

     

    2.4.1        Grant. Stock appreciation rights may be granted to eligible recipients in such number and at such times during the term of
      the Plan as the Committee may determine.

     

    2.4.2        Exercise Price. The exercise price per share with respect to each stock appreciation right will be determined by the
      Committee but, except as otherwise permitted by Section 1.6.4 or in the case of an Acquisition Award or an Assumed Award, may never be less than the Fair Market Value of the Common Stock. Unless otherwise noted in the Award Agreement, the Fair Market
      Value of the Common Stock will be its closing price on the New York Stock Exchange on the date of grant of the Award of stock appreciation rights.

     

    2.4.3        Term of Stock Appreciation Right. In no event will any stock appreciation right be exercisable after the expiration of ten
      (10) years from the date on which the stock appreciation right is granted.

     

    2.4.4        Exercise of Stock Appreciation Right and Delivery of Shares. Subject to Section 2.12, each stock appreciation right may not
      be exercised for one year after the date on which the stock appreciation right is granted (except in the case of termination of Employment due to death, disability or retirement), but thereafter may be exercised in such installments as may be
      determined in the Award Agreement at the time the stock appreciation right is granted. Subject to any limitations in the applicable Award Agreement, any stock appreciation rights not exercised on the applicable installment date may be exercised
      thereafter at any time before the final expiration of the stock appreciation right. To exercise a stock appreciation right, the Grantee must give written notice to Corebridge specifying the number of stock appreciation rights to be exercised. Upon
      exercise of stock appreciation rights, subject to any limitations in the applicable Award Agreement, shares of Common Stock or cash, in the Committee’s discretion, with a Fair Market Value or in an amount equal to (a) the excess of (i) the Fair
      Market Value of the Common Stock on the date of exercise over (ii) the exercise price of such stock appreciation right multiplied by (b) the number of stock
      appreciation rights exercised will be delivered to the Grantee. Any person exercising a stock appreciation right will make such representations and agreements and furnish such information as the Committee may, in its discretion, deem necessary or
      desirable to assure compliance by Corebridge, on terms acceptable to Corebridge, with the provisions of the Securities Act and any other applicable legal requirements.

     

    2.4.5        Repricing. Except as otherwise permitted by Section 1.6.4, reducing the exercise price of stock
      appreciation rights issued and outstanding under the Plan, including through amendment, cancellation in exchange for the grant of a substitute Award or repurchase for cash or other consideration (in each case that has the effect of reducing the
      exercise price), will require approval of the shareholders.

     

    	2.5	
            Restricted Shares

          

     

    2.5.1        Grants. The Committee may grant or offer for sale restricted shares in such amounts and subject to such terms and
      conditions as the Committee may determine, including, without limitation, the achievement of performance goals. In the event that a Certificate is issued in respect of restricted shares, such Certificate may be registered in the name of the Grantee
      but will be held by Corebridge or its designated agent until the time the restrictions lapse.

     

    
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    2.5.2        Right to Vote and Receive Dividends on Restricted Shares.
      Notwithstanding anything to the contrary in this Section 2.5.2, no dividends will be paid at a time when any performance-based goals or time-based vesting requirements that apply to an Award of restricted shares have not been satisfied. Unless the
      applicable Award Agreement provides otherwise, each Grantee of an Award of restricted shares will, during the period of restriction, have all of the rights of a shareholder holding the class or series of Common Stock that is the subject of the
      restricted shares, except as otherwise provided herein, including full voting rights. During the period of restriction, all ordinary cash dividends (if any, as determined by the Committee in its sole discretion) paid upon any restricted share will be
      retained by the Company for the account of the relevant Grantee. Such dividends will revert back to the Company if for any reason the restricted share upon which such dividends were paid reverts back to the Company. Upon the expiration of the period
      of restriction, all such dividends made on such restricted share and retained by the Company will be paid to the relevant Grantee. Additional shares or other property distributed to the Grantee in respect of restricted shares, as dividends or
      otherwise, will be subject to the same restrictions applicable to such restricted shares.

     

    	2.6	
            Restricted Stock Units

          

     

    The Committee may grant Awards of restricted stock units in such amounts and subject to such terms and conditions as the Committee may determine, including, without limitation, the achievement of
      performance goals. A Grantee of a restricted stock unit will have only the rights of a general unsecured creditor of Corebridge until delivery of shares of Common Stock, cash or other securities or property is made as specified in the applicable
      Award Agreement. On the delivery date specified in the Award Agreement, the Grantee of each restricted stock unit not previously forfeited or terminated will receive one share of Common Stock, or cash, securities or other property equal in value to a
      share of Common Stock or a combination thereof, as specified by the Committee.

     

    	2.7	
            Other Stock-Based Awards

          

     

    The Committee may grant other types of equity-based or equity-related Awards (including, without limitation, the grant or offer for sale of unrestricted shares of Common Stock) in such amounts and
      subject to such terms and conditions as the Committee may determine. Such Awards may entail the transfer of actual shares of Common Stock to Award recipients or may be settled in cash, and may include Awards designed to comply with or take advantage
      of the applicable local laws of jurisdictions other than the United States.

     

    	2.8	
            Cash-Based Awards

          

     

    The Committee may grant cash-based Awards in such amounts and subject to such terms and conditions as the Committee may determine.

     

    	2.9	
            Dividend Equivalent Rights

          

     

    The Committee may include in the Award Agreement with respect to any Award, other than stock options and
        stock appreciation rights, a dividend equivalent right entitling the Grantee to receive amounts equal to all or any portion of the dividends that would be paid on the shares of Common Stock covered by such Award if such shares had been delivered
        pursuant to such Award. The grantee of a dividend equivalent right will have only the rights of a general unsecured creditor of Corebridge until payment of such amounts is made as specified in the applicable Award Agreement. In the event such a
        provision is included in an Award Agreement, the Committee will, subject to Section 3.14.1, determine whether such payments will be made in cash, in shares of Common Stock or in another form, whether they will be conditioned upon the exercise or
        vesting of the Award to which they relate (provided that in no event may such payments be made unless and until the Award to which they relate vests), the time
          or times at which they will be made, and such other terms and conditions as the Committee may deem appropriate. No payments will be made in
          respect of any dividend equivalent right at a time when any performance-based goals or time-based vesting requirements that apply to the dividend equivalent right or Award that is granted in connection with a dividend equivalent right have not
          been satisfied.

     

    
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    	2.10	
            Related Option Transactions

          

     

    The Committee may grant put options and enter into call options relating to Awards, including an Award of unrestricted Common Stock. The put options may permit the Grantee, at the Grantee’s option,
      to sell the Award back to the Company at such times, on such terms and conditions and at such prices as the Committee may determine. The call options may require the Grantee, at the Company’s election, to sell the Award back to the Company at such
      times, on such terms and conditions and at such prices as the Committee may determine. The Committee may determine to issue an Award and any related put option and enter into any related call option as a single non-separable unit.

     

    	2.11	
            Change in Control Provisions

          

     

    2.11.1      Except as otherwise provided in the applicable Award Agreement, in the event that within two years following a Change in Control a Grantee’s Employment is terminated
      by Corebridge without “cause” (as defined in the Award Agreement) or by the Grantee for “good reason” (as defined in the Award Agreement), any outstanding unvested Award held by such Grantee shall vest as with respect to any service-based vesting
      requirement.  Except as otherwise provided in the applicable Award Agreement, following a Change in Control any performance goals with respect to an outstanding Award and for which the performance period ends after the Change in Control shall be
      deemed achieved at target level. In addition, in the event of a Change in Control where all stock options and stock appreciation rights are settled for an amount (as determined in the sole discretion of the Committee) of cash or securities, the
      Committee may, in its sole discretion, terminate any stock option or stock appreciation right for which the exercise price is equal to or exceeds the per share value of the consideration to be paid in the Change in Control transaction without payment
      of consideration therefor.

     

    2.11.2      Unless otherwise provided in the applicable Award Agreement and except as otherwise determined by the Committee, in the event of a Business Combination of Corebridge
      with or into any successor entity or any transaction in which another person or entity acquires all of the issued and outstanding Common Stock of Corebridge, or all or substantially all of the assets of Corebridge as an entirety, outstanding Awards
      may be assumed or a substantially equivalent Award may be substituted by such successor entity or a parent or subsidiary of such successor entity, and such an assumption or substitution shall not be deemed to violate this Plan or any provision of any
      Award Agreement.

     

    	2.12	
            Minimum Vesting

          

     

    Notwithstanding anything to the contrary in the Plan, Awards granted under the Plan (other than cash-based awards) shall vest no earlier than the first anniversary of the date on which
        the Award is granted; provided, however, that the following Awards shall not be subject to the foregoing minimum vesting requirement: any (i)
        Acquisition Awards, (ii) shares of Common Stock delivered in lieu of fully vested cash obligations, (iii) Assumed Awards, (iv) Awards to Non-Employee Directors
        that vest on the earlier of the one-year anniversary of the date of grant and the next annual meeting of shareholders which is at least 50 weeks after the immediately preceding year’s annual meeting, and v) any additional Awards the Committee may
        grant, up to a maximum of five percent (5%) of the available share reserve authorized for issuance under the Plan pursuant to Section 1.6.1 (subject to adjustment under Section 1.6.4); provided, further,
      that vesting may accelerate in connection with death, disability, retirement, a Change in Control or other involuntary termination.

     

    
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    	2.13	
             Assumed Awards

          

     

                   Each Assumed Award shall be subject to the terms and conditions of the Plan and the award agreement to which such
        Assumed Award was subject immediately prior to the IPO, subject to the adjustment of such Assumed Award by the Compensation and Management Resources Committee of AIG consistent with the terms of the Employee Matters Agreement; provided that, following the applicable date of the assumption of the Assumed Award by Corebridge (as set forth in the Employee Matters
        Agreement), the Assumed Award shall relate solely to shares of Common Stock and, for purposes of the award agreement to which such Assumed Award was subject immediately prior to the IPO, references therein (in each case or a derivation of any such
        term) to (i) “AIG” or the “Company” shall to refer to “Corebridge” or the “Company” as defined in the Plan, (ii) “Share”, “share” or “Common Stock” shall refer to “Share,” “share” or “Common Stock” as defined in the Plan, (iii) the “Committee” or
        the “Board” shall refer to the “Committee” or “Board” as defined in the Plan, (iv) any AIG plan that is a Prior Plan shall refer to the “Plan,” and (v) any AIG Long Term Incentive Plan shall refer to the Corebridge Long Term Incentive Plan
        (effective as of March 13, 2022), and with such other defined terms to be modified, applied and interpreted as appropriate to reflect the IPO, Separation and associated transactions.

    

    

    ARTICLE III

     

    MISCELLANEOUS

     

    	3.1	
            Amendment of the Plan

          

     

    3.1.1        Unless otherwise provided in an Award Agreement, the Board may from time to time suspend, discontinue, revise or amend the Plan in any respect whatsoever, including
      in any manner that adversely affects the rights, duties or obligations of any Grantee of an Award.

     

    3.1.2        Unless otherwise determined by the Board, shareholder approval of any suspension, discontinuance, revision or amendment will be obtained
      only to the extent necessary to comply with any applicable laws, regulations or rules of a securities exchange or self-regulatory agency, except that shareholder approval shall be required for any amendment to the Plan (i) that materially increases
      the benefits available under the Plan, (ii) to reduce the exercise price of stock options or stock appreciation rights issued and outstanding under the Plan, including through amendment, cancellation in exchange for the grant of a substitute Award or
      repurchase for cash or other consideration (in each case that has the effect of reducing the exercise price) or (iii) to permit the sale or other disposition of an Award of a stock option or a stock appreciation right to an unrelated third party for
      value.

     

    	3.2	
            Tax Withholding

          

     

    Grantees shall be solely responsible for any applicable taxes (including, without limitation, income and
        excise taxes) and penalties, and any interest that accrues thereon, that they incur in connection with the receipt, vesting or exercise of any Award. As a condition to the delivery of any shares of Common Stock pursuant to any Award or the lifting
        or lapse of restrictions on any Award, or in connection with any other event that gives rise to a federal or other governmental tax withholding obligation on the part of the Company relating to an Award (including, without limitation, FICA tax),
        unless otherwise provided in an Award Agreement, (a) the Company may deduct or withhold (or cause to be deducted or withheld) from any payment or distribution to a Grantee whether or not pursuant to the Plan (including shares of Common Stock
        otherwise deliverable) the minimum required to meet the tax withholding obligation up to the maximum statutory rate or (b) the Committee will be entitled to
          require that the Grantee remit cash to the Company (through payroll deduction or otherwise) or previously owned shares of Common Stock or other property, in each case in an amount sufficient in the opinion of the Company to satisfy such
          withholding obligation.

     

    	3.3	
            Required Consents and Legends

          

     

    3.3.1        If the Committee at any time determines that any Consent (as hereinafter defined) is necessary or desirable as a condition of, or in
      connection with, the granting of any Award, the delivery of shares of Common Stock or the delivery of any cash, securities or other property under the Plan, or the taking of any other action thereunder (each such action a “Plan Action”), then, subject to Section 3.14.2, such Plan Action will not be taken, in whole or in part, unless and until such Consent will have been effected or obtained to the full satisfaction of the Committee. The Committee may
      direct that any Certificate evidencing shares delivered pursuant to the Plan will bear a legend setting forth such restrictions on transferability as the Committee may determine to be necessary or desirable, and may advise the transfer agent to place
      a stop transfer order against any legended shares.

     

    
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    3.3.2        The term “Consent” as used in this Article III with respect to any Plan Action includes (a) any
      and all listings, registrations or qualifications in respect thereof upon any securities exchange or under any federal, state, or local law, or law, rule or regulation of a jurisdiction outside the United States, or any other matter, which the
      Committee may deem necessary or desirable to comply with the terms of any such listing, registration or qualification or to obtain an exemption from the requirement that any such listing, qualification or registration be made, (b) any and all other
      consents, clearances and approvals in respect of a Plan Action by any governmental or other regulatory body or any stock exchange or self-regulatory agency, (c) any applicable requirement of the Code, (d) any and all consents or authorizations
      required to comply with, or required to be obtained under, applicable local law, (e) any and all consents by the Grantee to the Company’s supplying to any third party recordkeeper of the Plan such personal information as the Committee deems advisable
      to administer the Plan and (f) any and all consents or other documentation required by the Committee. Nothing herein will require the Company to list, register or qualify the shares of Common Stock on any securities exchange.

     

    	3.4	
            Clawback

          

     

    Awards under the Plan shall be subject to the clawback or recapture policy, if any, that the Company may adopt from time to time to the extent provided in such policy and, in accordance with such
      policy, may be subject to the requirement that the Awards be repaid to the Company after they have been distributed or paid to the Grantee.

     

    	3.5	
            Right of Offset

          

     

    Except with respect to Awards that are intended to be “deferred compensation” subject to Section 409A, the Company will have the right to offset against its obligation to deliver shares of Common
      Stock (or cash, other securities or other property) under the Plan or any Award Agreement any outstanding amounts (including, without limitation, travel and entertainment or advance account balances, loans, repayment obligations under any Awards, or
      amounts repayable to the Company pursuant to tax equalization, housing, automobile or other employee programs) that the Grantee then owes to the Company and any amounts the Committee otherwise deems appropriate pursuant to any tax equalization policy
      or agreement.

     

    	3.6	
            Nonassignability; No Hedging

          

     

    No Award (or any rights and obligations thereunder) granted to any person under the Plan may be sold, exchanged, transferred, assigned, pledged, hypothecated or otherwise disposed of or hedged, in
      any manner (including through the use of any cash-settled instrument), whether voluntarily or involuntarily and whether by operation of law or otherwise, other than by will or by the laws of descent and distribution, except as may be otherwise
      provided in the Award Agreement, consistent with Section 3.1.2. Any sale, exchange, transfer, assignment, pledge, hypothecation, or other disposition in violation of the provisions of this Section 3.6 will be null and void and any Award which is
      hedged in any manner will immediately be forfeited. All of the terms and conditions of the Plan and the Award Agreements will be binding upon any permitted successors and assigns.

     

    	3.7	
            Successor Entity

          

     

    Unless otherwise provided in the applicable Award Agreement and except as otherwise determined by the Committee, in the event of a Business Combination of Corebridge with or into any other entity (“successor entity”) or any transaction in which another person or entity acquires all of the issued and outstanding Common Stock of Corebridge, or all or substantially all of the assets of Corebridge, outstanding
      Awards may be assumed or a substantially equivalent award may be substituted by such successor entity or a parent or subsidiary of such successor entity.

     

    
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    	3.8	
            Right of Discharge Reserved

          

     

    Nothing in the Plan or in any Award Agreement will confer upon any Grantee the right to continued Employment by the Company or affect any right which the Company may have to terminate such
      Employment.

     

    	3.9	
            Nature of Payments

          

     

    3.9.1        Any and all grants of Awards and deliveries of Common Stock, cash, securities or other property under the Plan will be in consideration of services performed or to
      be performed for the Company by the Grantee. Awards under the Plan may, in the discretion of the Committee, and subject to Section 3.14.1, be made in substitution in whole or in part for cash or other compensation otherwise payable to a participant
      in the Plan. Only whole shares of Common Stock will be delivered under the Plan. Awards will, to the extent reasonably practicable, be aggregated in order to eliminate any fractional shares. Fractional shares may, in the discretion of the Committee,
      be forfeited or be settled in cash or otherwise as the Committee may determine.

     

    3.9.2        All such grants and deliveries will constitute a special discretionary payment to the Grantee and, unless otherwise provided in an Award Agreement or the Committee
      specifically provides otherwise, will not be required to be taken into account in computing the amount of salary or compensation of the Grantee for the purpose of determining any contributions to or any benefits under any pension, retirement,
      profit-sharing, bonus, life insurance, severance or other benefit plan of the Company or under any agreement with the Grantee.

     

    	3.10	
            Non-Uniform Determinations

          

     

    3.10.1      The Committee’s determinations under the Plan and Award Agreements need not be uniform and may be made by it selectively among persons who receive, or are eligible to
      receive, Awards under the Plan (whether or not such persons are similarly situated). Without limiting the generality of the foregoing, the Committee will be entitled, among other things, to make non-uniform and selective determinations under Award
      Agreements, and to enter into non-uniform and selective Award Agreements, as to (a) the persons to receive Awards, (b) the terms and provisions of Awards and (c) whether a Grantee’s Employment has been terminated for purposes of the Plan.

     

    3.10.2      To the extent the Committee deems it necessary, appropriate or desirable to comply with foreign law or practices and to further the purposes of the Plan, the
      Committee may, without amending the Plan, establish special rules applicable to Awards to Grantees who are foreign nationals, are employed outside the United States or both and grant Awards (or amend existing Awards) in accordance with those rules.

     

    	3.11	
            Other Payments or Awards

          

     

    Nothing contained in the Plan will be deemed in any way to limit or restrict the Company from making any award or payment to any person under any other plan, arrangement or understanding, whether now
      existing or hereafter in effect. In addition, Section 1.6.1 (as adjusted by Section 1.6.4) sets forth the only limit on the amount of cash, securities or other property that may be delivered pursuant to this Plan.

     

    	3.12	
            Plan Headings

          

     

    The headings in the Plan are for the purpose of convenience only and are not intended to define or limit the construction of the provisions hereof.

     

    
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    	3.13	
            Termination of Plan

          

     

    The Board reserves the right to terminate the Plan at any time; provided, however, that in any case, the Plan will terminate on the tenth (10th) anniversary of the Effective Date, and provided further, that all Awards made under the Plan before its termination will
      remain in effect until such Awards have been satisfied or terminated in accordance with the terms and provisions of the Plan and the applicable Award Agreements.

     

    	3.14	
            Section 409A

          

     

    3.14.1      The Board and the Committee shall have full authority to give effect to any statement in an Award Agreement to the effect that an Award is
      intended to be “deferred compensation” subject to Section 409A, to be exempt from Section 409A or to have other intended treatment under Section 409A and/or other provision of the Code. To the extent necessary to give effect to this authority, in the
      case of any conflict or potential inconsistency between the Plan and a provision of any Award or Award Agreement with respect to the subject matter of this paragraph, the Plan shall govern.

     

    3.14.2      Without limiting the generality of Section 3.14.1, with respect to any Award made under the Plan that is intended to be “deferred
      compensation” subject to Section 409A: (a) references to termination of the Grantee’s employment will mean the Grantee’s separation from service with the Company within the meaning of Section 409A; (b) any payment to be made with respect to such
      Award in connection with the Grantee’s separation from service with the Company within the meaning of Section 409A that would be subject to the limitations in Section 409A(a)(2)(b) of the Code shall be delayed until six months after the Grantee’s
      separation from service (or earlier death) in accordance with the requirements of Section 409A; (c) to the extent necessary to comply with Section 409A, any cash, other securities, other Awards or other property that the Company may deliver in lieu
      of shares of Common Stock in respect of an Award shall not have the effect of deferring delivery or payment beyond the date on which such delivery or payment would occur with respect to the shares of Common Stock that would otherwise have been
      deliverable (unless the Committee elects a later date for this purpose in accordance with the requirements of Section 409A); (d) with respect to any required Consent described in Section 3.3 or the applicable Award Agreement, if such Consent has not
      been effected or obtained as of the latest date provided by such Award Agreement for payment in respect of such Award and further delay of payment is not permitted in accordance with the requirements of Section 409A, such Award or portion thereof, as
      applicable, will be forfeited and terminated notwithstanding any prior earning or vesting; (e) if the Award includes a “series of installment payments” (within the meaning of Section 1.409A-2(b)(2)(iii) of the regulations promulgated under the Code),
      the Grantee’s right to the series of installment payments shall be treated as a right to a series of separate payments and not as a right to a single payment; (f) if the Award includes “dividend equivalents” (within the meaning of Section 1.409A-3(e)
      of the regulations promulgated under the Code), the Grantee’s right to the dividend equivalents shall be treated separately from the right to other amounts under the Award; and (g) unless the Committee determines otherwise, for purposes of
      determining whether the Grantee has experienced a separation from service with the Company within the meaning of Section 409A, “subsidiary” shall mean a corporation or other entity in a chain of corporations or other entities in which each
      corporation or other entity, starting with Corebridge, has a controlling interest in another corporation or other entity in the chain, ending with such corporation or other entity. For purposes of the preceding sentence, the term “controlling
      interest” has the same meaning as provided in Section 1.414(c)-2(b)(2)(i) of the regulations promulgated under the Code, provided that the language “at least 20 percent” is used instead of “at least 80
      percent” each place it appears in Section 1.414(c)-2(b)(2)(i) of the regulations promulgated under the Code.

     

    	3.15	
            Governing Law

          

     

    THE PLAN WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

     

    
      16

      
        

    

    

    	3.16	
            Severability; Entire Agreement

          

     

    If any of the provisions of the Plan or any Award Agreement is finally held to be invalid, illegal or unenforceable (whether in whole or in part), such provision will be deemed modified to the
      extent, but only to the extent, of such invalidity, illegality or unenforceability and the remaining provisions will not be affected thereby; provided that if any of such provisions is finally held to be
      invalid, illegal, or unenforceable because it exceeds the maximum scope determined to be acceptable to permit such provision to be enforceable, such provision will be deemed to be modified to the minimum extent necessary to modify such scope in order
      to make such provision enforceable hereunder. The Plan and any Award Agreements contain the entire agreement of the parties with respect to the subject matter thereof and supersede all prior agreements, promises, covenants, arrangements,
      communications, representations and warranties between them, whether written or oral with respect to the subject matter thereof.

     

    	3.17	
            Waiver of Claims

          

     

    Each Grantee of an Award recognizes and agrees that before being selected by the Committee to receive an Award he or she has no right to any benefits hereunder. Accordingly, in consideration of the
      Grantee’s receipt of any Award hereunder, he or she expressly waives any right to contest the amount of any Award, the terms of any Award Agreement, any determination, action or omission hereunder or under any Award Agreement by the Committee, the
      Company or the Board, or any amendment to the Plan or any Award Agreement (other than an amendment to the Plan or an Award Agreement to which his or her consent is expressly required by the express terms of an Award Agreement).

     

    	3.18	
            No Liability With Respect to Tax Qualification or Adverse Tax Treatment

          

     

    Notwithstanding anything to the contrary contained herein, in no event shall the Company be liable to a Grantee on account of an Award’s failure to (a) qualify for favorable United States or foreign
      tax treatment or (b) avoid adverse tax treatment under United States or foreign law, including, without limitation, Section 409A.

     

    	3.19	
            No Third Party Beneficiaries

          

     

    Except as expressly provided therein, neither the Plan nor any Award Agreement will confer on any person other than the Company and the Grantee of any Award any rights or remedies thereunder. The
      exculpation and indemnification provisions of Section 1.3.3 will inure to the benefit of a Covered Person’s estate and beneficiaries and legatees.

     

    	3.20	
            Successors and Assigns of Corebridge

          

     

    The terms of the Plan will be binding upon and inure to the benefit of Corebridge and any successor entity contemplated by Section 3.7.

     

    	3.21	
            Effective Date

          

     

    This Plan became effective on [x] (the “Effective Date”).

     

    

    

  

  17

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