Document:

Second Amendment to Plan for Employees Under Collective Bargaining Agreement

 Exhibit 4.35 
 SECOND AMENDMENT TO THE ILLINOIS POWER COMPANY 
 INCENTIVE SAVINGS PLAN FOR EMPLOYEES COVERED UNDER

 A COLLECTIVE BARGAINING AGREEMENT 
 The Illinois Power Company Incentive Savings Plan for Employees Covered Under a Collective Bargaining Agreement, as amended and restated effective January 1, 2002 and as subsequently amended (the
“Plan”), shall be, and hereby is, amended in the following respects effective April 1, 2004: 
 I. 
 Section 1.1(12) of the Plan is hereby amended by deleting the following phrase therefrom: 
 “; provided, however, that for purposes of the provisions of Section 3.2 (other than Section 3.2(a)), Compensation shall include bonuses, overtime
and commissions.” 
 II. 
 Except as modified herein, the Plan shall remain in full force and effect. 
 IN WITNESS WHEREOF, the undersigned has caused this Second Amendment to the Plan to be executed on this 31st day of March, 2004, effective as provided above. 
  

			
	DYNEGY INC.
		
		 	 /s/ Teresa L. Naylor

	By:	 	Teresa L. Naylor
	Title:	 	Vice President, HR ServicesFourth Amendment to Plan for Employees Under Collective Bargaining Agreement

 Exhibit 4.36 
 FOURTH AMENDMENT TO THE ILLINOIS POWER COMPANY 
 INCENTIVE SAVINGS PLAN FOR EMPLOYEES

 COVERED UNDER A COLLECTIVE BARGAINING AGREEMENT 
 WHEREAS, Dynegy Inc., Illinova Corporation, Illinova Generating Company and Ameren Corporation entered into that certain Stock Purchase Agreement dated
as of February 2, 2004 (the “Agreement”) under which Ameren Corporation will acquire all of the outstanding common and preferred stock of Illinois Power Company owned by Illinova Corporation; and 
 WHEREAS, effective immediately prior to the “Closing Date” of the Agreement, as such term is defined under Section 2.4 of the Agreement (the
“Closing Date”), Illinois Power Company will cease to be an “Employer” under the Illinois Power Company Incentive Savings Plan for Employees Covered Under a Collective Bargaining Agreement, as amended and restated effective
January 1, 2002, and as subsequently amended (the “Plan”); 
 NOW, THEREFORE, in consideration of the premises, the Plan shall be,
and hereby is amended in the following respects effective immediately prior to the Closing Date: 
 I. 
 Effective immediately prior to the Closing Date, Illinois Power Company shall, pursuant to Section 17.1(e) of the Plan, cease to be a participating
“Employer” under the Plan and any individual who is an employee of Illinois Power Company and who is not a participant in the Plan as of the day preceding the Closing Date will not be eligible to become a participant in the Plan. Plan
Section 1.1(22) is hereby amended by deleting the reference to “Illinois Power Company” from such Section. Compensation from, and service with, Illinois Power Company will not be considered for purposes of the Plan 

 
from and after the Closing Date. Employees of Illinois Power Company shall be deemed to have terminated employment immediately prior to the Closing Date for
all purposes under the Plan. 
 II. 
 The Plan shall be known as the “Dynegy Midwest Generation, Inc. 401(k) Savings Plan for Employees Covered Under a Collective Bargaining Agreement.” Plan Section 1.1(39) is hereby amended in its entirety to provide as follows:

 “(39) Plan: The Dynegy Midwest Generation, Inc. 401(k) Savings Plan for Employees Covered Under a Collective Bargaining
Agreement, as amended from time to time.” 
 III. 
 In order to reflect that the name of the plan formerly known as the “Illinois Power Company Incentive Savings Plan” will change to the “Dynegy Midwest Generation, Inc. 401(k) Savings Plan,”
effective immediately prior to the Closing Date, Section 1.1(43) of the Plan is hereby amended in its entirety to provide as follows: 
 “(43) Salaried Plan: The Dynegy Midwest Generation, Inc. 401(k) Savings Plan, as amended from time to time.” 
 IV.

 Plan Section 6.11(b) is hereby amended by changing the reference to the “Illinois Power Company Incentive Savings Plan for Employees
Covered under a Collective Bargaining Agreement” to the “Dynegy Midwest Generation, Inc. 401(k) Savings Plan for Employees Covered Under a Collective Bargaining Agreement” in such Section. 
 V. 
 The following is hereby added to the end
of Section 11.5(b) of the Plan: 
 “Notwithstanding any other provision of the Plan to the contrary, if the distribution of the balance
of the Participant’s Accounts is 

  

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made in connection with the sale of the stock or the assets of an Employer, the Participant’s entire loan may be distributed solely as a Direct
Rollover, in accordance with Section 9.3, to a trust for a plan qualified under Section 401(a) of the Code, maintained by the purchaser, provided such trust will accept the Participant’s loan as an investment. The Committee shall
determine, in its discretion, whether or not a Direct Rollover is in connection with a sale of the stock or assets of an Employer.” 
 VI. 
 Except as modified herein, the Plan shall remain in full force and effect. 
 IN WITNESS WHEREOF, the undersigned has caused this Amendment to the Plan to be executed this 29th day of September, 2004, to be effective as provided
above. 
  

			
	 DYNEGY INC.

		
	By:	 	 /s/ J. Kevin Blodgett

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

  

 3Fifth Amendment to Plan for Employees Under Collective Bargaining Agreement

 Exhibit 4.37 
 FIFTH AMENDMENT TO THE 
 DYNEGY MIDWEST GENERATION, INC, 401(k) SAVINGS PLAN 
 FOR EMPLOYEES COVERED UNDER 
 A
COLLECTIVE BARGAINING AGREEMENT 
 WHEREAS, Dynegy Inc. (the “Company”), has established and maintains the Dynegy Midwest
Generation, Inc. 401(k) Savings Plan for Employees Covered Under a Collective Bargaining Agreement (the “Plan”) for the benefit of eligible employees of certain participating companies; and 
 WHEREAS, the Company desires to amend the Plan; 
 NOW, THEREFORE, BE IT RESOLVED that the Plan shall be, and hereby is amended as follows, effective as provided below: 
 I.

 Effective as of January 1, 2004, Section 1.1(1) of the Plan is amended in its entirety to provide as follows: 
 “(1) Account(s): A Participant’s Before-Tax Account, Employer Contribution Account, After-Tax Account, Rollover
Contribution Account, TRASOP Transfer Account, and/or Catch-Up Contribution Account, including the amounts credited thereto.” 
 II.

 Effective as of January 1, 2004, a new Section 1.1(7A) is added to the Plan to provide as follows: 
 “(7A) Catch-Up Contribution Account: An individual account for each Participant which is credited with catch-up
contributions made in accordance with Section 3.10 of the Plan Such Account shall also be adjusted to reflect changes in value as provided in Section 4.3.” 

 III. 
 Effective as of June 1, 2005, Section 1.1(45) is amended in its entirety to provide as follows: 
 “(45) Total and Permanent Disability: A Participant shall be considered totally and permanently disabled if (i) the Participant has been determined to be disabled by the Social Security Administration, and (ii) the
Participant is receiving payment of social security benefits.” 
 IV. 
 Effective as of June 1, 2005, Sections 3.1(b), 3.1(c), 3.2(c), and 3.2(d) of the Plan are amended by replacing each and every reference to the phrase
“effective as of the first day of any payroll period” or “effective as of the first day of any subsequent payroll period,” as applicable, with “effective as of the next available pay date.” 
 V. 
 Effective as of January 1, 2002,
Article III of the Plan is amended by deleting Section 3.6 in its entirety. 
 VI. 
 Effective as of April 1, 2005, Section 3.9(c) of the Plan is amended by adding the following to the end thereof: 
 “Notwithstanding the foregoing, if a Participant’s interest under a qualified plan described in Section 401(a) of the Code is distributed
in connection with an acquisition of stock or assets by an Employer or a Controlled Entity, the Participant’s entire outstanding loan under such plan may be contributed as a Rollover Contribution to this Plan, in accordance with this
Section 3.9, provided that the transferor plan provides the Committee with a current favorable IRS determination letter issued to such transferor plan and trust or such other evidence that the Committee in its discretion deems satisfactory to
establish that the proposed Rollover Contribution is in fact eligible for rollover to the Plan and is made pursuant to and in accordance with applicable provisions of the Code and Treasury regulations. The Committee shall 

  

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determine, in its discretion, whether or not a distribution is made in connection with an acquisition of stock or assets by an Employer or a Controlled
Entity.” 
 VII. 
 Effective as of January 1, 2004, Section 4.1(a) of the Plan is amended in its entirety to provide as follows: 
 “(a) Before-Tax Contributions made by the Employer on a Participant’s behalf shall be allocated to such Participant’s Before-Tax Account. Further, catch-up contributions pursuant to Section 3.10 made by the Employer on a
Participant’s behalf shall be allocated to such Participant’s Catch-Up Contribution Account.” 
 VIII. 
 Effective as of June 1, 2005, Article VII of the Plan is amended in its entirety to provide as follows: 
 “VII. TERMINATION AND DISABILITY BENEFITS 
 7.1 No Benefits Unless Herein Set Forth. Except as set forth in this Article, a Participant whose employment is terminated
for any reason other than death or who incurs a Total and Permanent Disability shall acquire no right to any benefit from the Plan or the Trust Fund. 
 7.2 Termination Benefit. Each Participant whose employment is terminated for any reason other than death shall be entitled to a termination benefit, payable at the time and in the form provided in
Article IX, equal in value to the sum of the amounts in his Accounts on his Benefit Commencement Date. 
 7.3 Disability
Benefit. Each Participant who incurs a Total and Permanent Disability shall be entitled to a disability benefit, payable at the time and in the form provided in Article IX, equal in value to the sum of the amounts in his Accounts on his
Benefit Commencement Date. 
 7.4 Vesting of Accounts. A Participant shall have a 100% vested and nonforfeitable
interest in each of his Accounts at all times.” 
  

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 IX. 
 Effective as of March 28, 2005, Section 9.1 of the Plan is amended by replacing each and every reference to “$5,000” with “$1,000,” and Section 9.1(h) of the Plan is amended in its entirety to
provide as follows: 
 “(h) If the value of the balance in a Participant’s Accounts is $1,000 or less, then the
Participant’s entire account balance shall be immediately distributed in a single lump sum payment.” 
 X. 
 Effective as of January 1, 2004, Section 10.1(f) of the Plan is amended in its entirety to provide as follows: 
 “(f) A Participant who has attained age fifty-nine and one-half may withdraw from his Before-Tax Account, Catch-Up Contribution
Account and Incentive Contribution Subaccount, on a pro rata basis, an amount not exceeding the then aggregate value of such Accounts and Subaccount.” 
 XI. 
 Effective as of January 1, 2004, Section 10.1(g) of the Plan is amended in its entirety to
provide as follows: 
 “(g) A Participant who has a financial hardship, as determined by the Committee, and who has made
all available withdrawals pursuant to the Paragraphs above and pursuant to the provisions of any other plans of the Employer and any Controlled Entities of which he is a member and who has obtained all available loans pursuant to Article XI and
pursuant to the provisions of any other plans of the Employer and any Controlled Entities of which he is a member may withdraw from his Before-Tax Account and Catch-Up Contribution Account an amount not to exceed the lesser of (1) the balance
of such Accounts or (2) the amount determined by the Committee as being available for withdrawal pursuant to this Paragraph. For purposes of this Paragraph, financial hardship shall mean the immediate and heavy financial needs of the
Participant. A withdrawal based upon financial hardship pursuant to this Paragraph shall not exceed the amount required to meet the immediate financial need created by 

  

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the hardship. The amount required to meet the immediate financial need may include any amounts necessary to pay any federal, state, or local income taxes or
penalties reasonably anticipated to result from the distribution. The determination of the existence of a Participant’s financial hardship and the amount required to be distributed to meet the need created by the hardship shall be made by the
Committee. The decision of the Committee shall be final and binding, provided that all Participants similarly situated shall be treated in a uniform and nondiscriminatory manner. A withdrawal shall be deemed to be made on account of an immediate and
heavy financial need of a Participant if the withdrawal is for: 
 (1) Expenses for medical care described in
Section 213(d) of the Code previously incurred by the Participant, the Participant’s spouse, or any dependents of the Participant (as defined in Section 152 of the Code) or necessary for those persons to obtain medical care described
in Section 213(d) of the Code and not reimbursed or reimbursable by insurance; 
 (2) Costs directly related to the
purchase of a principal residence of the Participant (excluding mortgage payments); 
 (3) Payment of tuition and related
educational fees, and room and board expenses, for the next twelve months of post-secondary education for the Participant or the Participant’s spouse, children, or dependents (as defined in Section 152 of the Code); 
 (4) Payments necessary to prevent the eviction of the Participant from his principal residence or foreclosure on the mortgage of the
Participant’s principal residence; or 
 (5) Such other financial needs that the Commissioner of Internal Revenue may
deem to be immediate and heavy financial needs through the publication of revenue rulings, notices, and other documents of general applicability. 
 The above notwithstanding, (1) withdrawals under this Paragraph shall be limited to the sum of the Participant’s Before-Tax Contributions and catch-up contributions pursuant to Section 3.10, 

  

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plus income allocable to the Participant’s Before-Tax Contributions credited to the Participant’s Before-Tax Account as of December 31, 1988,
less any previous withdrawals of such amounts, and (2) Employer Contributions utilized to satisfy the restrictions set forth in Section 3.1(e), and income allocable thereto, shall not be subject to withdrawal. A Participant who receives a
distribution pursuant to this Paragraph on account of hardship shall be prohibited from making elective deferrals and employee contributions under this and all other plans maintained by the Employer or any Controlled Entity for six months after
receipt of the distribution.” 
 XII. 
 Effective as of April 1, 2005, Section 10.2(b) of the Plan is amended in its entirety to provide as follows: 
 “(b) Notwithstanding the provisions of this Article, (1) not more than one withdrawal pursuant to each of Paragraphs (c), (d), (e), and (f) of Section 10.1 may be made in any one Plan Year,
(2) no withdrawal shall be made from an Account to the extent such Account has been pledged to secure a loan from the Plan, and (3) any portion of an Account that is invested in the VBO shall not be subject to withdrawal pursuant to any of
the Paragraphs of Section 10.1.” 
 XIII. 
 Effective as of June 1, 2005, a new Section 11.4(c) is added to the Plan to provide as follows: 
 “(c) The actual and reasonable expenses incurred by the Plan (including attorneys’ fees) in connection with the documentation of a loan, the recording of security interests, the enforcement of the terms of the loan, and collection
activities associated with any default may be charged to the borrowing Participant’s Accounts pursuant to uniform and nondiscriminatory policies established by the Committee from time to time.” 
 XIV. 
 Except as modified herein, the
Plan shall remain in full force and effect. 
  

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 IN WITNESS WHEREOF, the undersigned has caused
this Amendment to the Plan to be executed this 31st day of May, 2005, effective as hereinbefore provided.

  

			
	DYNEGY INC.
		
	 By:
	 	 /s/ J. Kevin Blodgett

	 Title:
	 	Sr. Vice President, Human Resources

  

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