Document:

Exhibit 10(3)

 

NON-SOLICITATION
AND NON-DISCLOSURE AGREEMENT

1.   The individual executing this agreement (the “Employee”) is
or will soon be an at-will employee of American International Group, Inc. or
one of its subsidiaries (the “Company”).  As such, the Employee is free to
resign from employment at any time and for any reason.  Likewise, the Company
may terminate the Employee’s employment at any time for any reason.  This
Agreement is not a guarantee of any fixed term employment. 

2.   This Agreement is a term and condition of the Employee’s
at-will employment with the Company.  Employment with the Company is
conditioned upon the Employee’s execution of this Agreement. 

3.   This Agreement is necessary for the protection of the
legitimate and protectable business interests of the Company and its affiliates
(collectively, “AIG”) in their customers, customer goodwill, accounts,
prospects, employee training, and confidential and proprietary information. 
The Employee’s employment requires exposure to and use of confidential,
proprietary and/or trade secret information (as set forth in Paragraph 4). 
Accordingly, the Employee agrees that during and after the Employee’s
employment with AIG, the Employee will not, directly or indirectly, on the
Employee’s own behalf or on behalf of any other person or any entity other than
AIG: (i) solicit, contact, call upon, communicate or attempt to communicate
with any customer or client or prospective customer or client of AIG, where to
do so would require the use or disclosure of confidential, proprietary and/or
trade  secret information (for purposes of this Agreement, “customer or client”
shall not include insurance brokers).  The Employee further agrees that during
the Employee’s employment with AIG and for a period of one (1) year after
employment terminates for any reason, the Employee will not, regardless of who
initiates the communication, solicit, participate in the solicitation or
recruitment of, or in any manner encourage or provide assistance to, any
employee, consultant or agent of AIG to terminate his or her employment or
other relationship with AIG or to leave its employ or other relationship with
AIG for any engagement in any capacity or for any other person or entity. 

4.   During the term of employment, the Employee will have access
to and become acquainted with information that is confidential, proprietary
and/or is a trade secret.  The Employee agrees that during the Employee’s
employment and any time thereafter, all confidential, proprietary and/or trade
secret information received, obtained or possessed at any time by the Employee
concerning or relating to the business, financial, operational, marketing,
economic, accounting, tax or other affairs at AIG or any client, customer,
agent or supplier or prospective client, customer, agent or supplier of AIG
will be treated by the Employee in the strictest confidence and will not be
disclosed or used by the Employee in any manner other than in connection with
the discharge of the Employee’s job responsibilities without the prior written
consent of AIG or unless required by law.  The Employee further agrees that
Employee will not remove or destroy any confidential, proprietary and/or trade
secret information either during the Employee’s employment or at any time
thereafter.  The Employee also agrees that during and after the Employee’s employment
with AIG, the Employee will not disparage AIG or any of its officers, directors
or employees to any person or entity not 

1

 

 

affiliated
with AIG.  Nothing herein prohibits the Employee from giving truthful testimony
as required by law.

5.   The covenants contained in Paragraphs 3 and 4 of this
Agreement shall be enforced to the fullest extent permissible under the laws
and public policies of each jurisdiction in which enforcement is sought.  The
Employee acknowledges that these restrictions are reasonably necessary for the
protection of AIG.  The Employee also acknowledges that irreparable harm and
damages would result to AIG if the provisions of Paragraph 3 or 4 were not
complied with and agrees that AIG shall be entitled to legal, equitable or
other remedies, including, without limitation, injunctive relief and specific
performance to protect against the inevitable disclosure of AIG’s confidential,
proprietary and/or trade secret information, any failure to comply with the
provisions of Paragraph 3 or 4 of this Agreement, or any threatened breach of
any term of this Agreement.  The Employee further agrees that the Employee
shall be liable for the attorneys’ fees and costs incurred by AIG as a result
of the Employee’s breach of Paragraph 3 or 4 of this Agreement. 

6.   This Agreement (together with the AIG Code of Conduct) sets
forth the entire agreement regarding the subject matter contained in this
Agreement, supersedes any and all prior agreements and understandings regarding
this subject matter, and may be modified only by a written agreement signed by
the Employee and the Company.  To the extent that any provision of this
Agreement is inconsistent with the Code of Conduct, this Agreement governs.  If
any term of this Agreement is rendered invalid or unenforceable, the remaining
provisions shall remain in full force and shall in no way be affected, impaired
or invalidated.  Should a court determine that any provision of this Agreement
is unreasonable, whether in period of time, geographical area, or otherwise,
the Employee agrees that such provision of the Agreement should be interpreted
and enforced to the maximum extent that such court deems reasonable.  

7.   THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REFERENCE TO CHOICE OF LAW RULES (WHETHER OF THE STATE OF NEW
YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF
ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND THE EMPLOYEE CONSENTS TO
THE EXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE COURTS IN NEW YORK. 

 

IN WITNESS WHEREOF, the Employee has agreed to the terms set forth
above by signing below.  

 

	
   

  /s/
  Kevin Hogan

  	
   

  	
   

  8/14/2013

  
	
  Employee

  	
   

  	
  Date

  

 

2Exhibit 10(4)

 

INTRODUCTORY
BONUS AGREEMENT

 

 

I understand and agree that if ̧ within
twelve (12) months from any payment date of the introductory bonus money paid
under the terms of my offer letter (all such bonus money is defined herein as
the “Introductory Bonus”), I resign other than for Good Reason, as defined
above, or my employment is terminated by the Company for “Cause”, then I agree
to repay the Company, within thirty (30) days of demand by the Company, the
full gross amount (including withholdings) of any Introductory Bonus paid in
the twelve months prior to the termination of my employment.  For example, if I
resign other than for Good Reason, as defined above, or am terminated for Cause
between April 16, 2015 and April 14, 2016, I agree to repay the Company the
$1,150,000 Introductory Bonus paid on April 15, 2015 only.  “Cause” shall be
defined as (1) any conduct involving intentional wrongdoing, fraud, dishonesty,
gross negligence or willful misconduct or (2) any act or omission that
constitutes a material breach of the terms of my Offer Letter, the Company’s
Code of Conduct,  or any other personnel or compliance policy applicable
to me.

 

I hereby authorize the Company, to the
extent permitted by law, to recover any and all of such Introductory Bonus by
(1) deduction from my salary or monies that may be due me upon termination of
my employment and/or (2) any other available remedies at law, and consent to
the jurisdiction of the New York federal and state courts.  I also understand
and agree that I shall be liable to the Company for all attorneys’ fees and
costs that may be incurred by the Company in the collection of the Introductory
Bonus from me.

 

 

 

	
   

  /s/
  Kevin Hogan

  	
   

  	
   

  8/14/2013

  
	
  Employee
  Signature

  	
   

  	
  Date

  

 

 

	
  Employee Name:

  	
   

  
	
  Employee ID No.:Exhibit 10(5)

 

AMERICAN INTERNATIONAL GROUP, INC.

2013 LONG TERM INCENTIVE PLAN

2015 PERFORMANCE SHARE UNITS AWARD AGREEMENT

 

1.      Status of
Award; Defined Terms.  American International Group, Inc. (“AIG”)
has awarded you performance share units (this “Award”) pursuant to
the AIG 2013 Long Term Incentive Plan (the “Plan”).  This Award
Agreement (“Award  Agreement”), which sets forth the
terms and conditions of your Award, is made pursuant to the Plan and this Award
and Award Agreement are subject to the terms of the Plan.  Capitalized terms
not defined in this Award Agreement have the meanings ascribed to them in the
Plan.

2.      Award of PSUs.  

2.1      AIG hereby awards you the number of
performance share units (“PSUs”) specified in Schedule A (the “Target
PSUs”).  Each PSU constitutes an unfunded and unsecured promise of AIG
to deliver (or cause to be delivered) one Share (or, at the election of AIG,
cash equal to the Fair Market Value thereof) in accordance with the Plan.  

2.2      The actual number of PSUs that will be
earned is subject to the Committee’s assessment of achievement based on the
Performance Measures established for the Performance Period.  

2.3      After the end of
the Performance Period, the Committee will determine the percentage of your
Target PSUs that will be earned (such earned PSUs, the “Earned PSUs”). 
The number of Shares covered by your Earned PSUs may range from 0% to 150% of
your Target PSUs.  Your Earned PSUs will be subject to vesting and will be paid
in accordance with the schedule set forth in the Plan.  On any payment date,
the number of Shares to be issued under this Award Agreement shall be rounded
down to the nearest whole Share.

3.     Dividend Equivalents.  In
the event that any cash dividend is declared on shares of AIG Common Stock with
a record date that occurs during the Dividend Equivalent Period, you will
receive dividend equivalent rights in the form of additional PSUs (the “Dividend
Equivalent Units”) at the time such dividend is paid to AIG’s
shareholders.  The number of Dividend Equivalent Units that you will receive at
any such time will be equal to (i) the cash dividend amount per Share times 
(ii) the number of PSUs covered by this Award (and, unless otherwise determined
by AIG, any Dividend Equivalent Units previously credited under this Award)
that have not been previously settled through the delivery of Shares (or cash)
prior to, such date, divided by the Fair Market Value of one Share on the
applicable dividend record date.  Each Dividend Equivalent Unit will constitute
an unfunded and unsecured promise of AIG to deliver (or cause to be delivered)
one Share (or, at the election of AIG, cash equal to the Fair Market Value
thereof) in accordance with the Plan, and will vest and be settled or paid at
the same time, and subject to the same terms and conditions (including, but not
limited to, increase or decrease based on achievement of the Performance
Measures in accordance with Sections 2.2 and 2.3 above), as the PSUs on which
such Dividend Equivalent Unit was accrued.  “Dividend Equivalent Period”
means the period commencing on the 

 

 

date on which the
PSUs were awarded to you and ending on the last day on which Shares (or cash)
are delivered to you with respect to the Earned PSUs.

4.       Non-Disclosure.  During
the term of your Employment, the Company has permitted and will continue to
permit you to have access to and become acquainted with information of a
confidential, proprietary and/or trade secret nature.  Subject to and in
addition to any confidentiality or non-disclosure requirements to which you
were subject prior to the date you electronically consent to or execute this
Award Agreement, during your Employment and any time thereafter, you agree that
(i) all confidential, proprietary and/or trade secret information received, obtained
or possessed at any time by you concerning or relating to the business,
financial, operational, marketing, economic, accounting, tax or other affairs
at the Company or any client, customer, agent or supplier or prospective
client, customer, agent or supplier of the Company will be treated by you in
the strictest confidence and will not be disclosed or used by you in any manner
other than in connection with the discharge of your job responsibilities
without the prior written consent of the Company or unless required by law, and
(ii) you will not remove or destroy any confidential, proprietary and/or trade
secret information and will return any such information in your possessions,
custody or control at the end of your Employment (or earlier if so requested by
the Company). 

5.       Non-Solicitation.   Your Employment with the Company requires exposure to and
use of confidential, proprietary and/or trade secret information (as set forth
in Paragraph 3).  Subject to and in addition to any non-solicitation requirements
to which you were subject prior to the date you electronically consent to or
execute this Award Agreement, you agree that (i) during your Employment with
the Company and any time thereafter, you will not,
directly or indirectly, on your own behalf or on behalf of any other person or
entity, solicit, contact, call upon, communicate with or attempt to communicate
with any customer or client or prospective customer or client of the Company
where to do so would require the use or disclosure of confidential, proprietary
and/or trade secret information, and (ii) during your Employment with
the Company and for a period of one (1) year after
Employment terminates for any reason, you will not, directly or indirectly,
regardless of who initiates the communication, solicit, participate in the
solicitation or recruitment of, or in any manner encourage or provide
assistance to any employee, consultant, registered representative, or agent of
the Company to terminate his or her Employment or other relationship with the
Company or to leave its employ or other relationship with the Company for any
engagement in any capacity or any other person or entity.

6.       Non-Disparagement.  You
agree that during and after your Employment with the Company, you will not make
false disparaging comments about AIG or any of its subsidiaries or affiliates
or any of their officers, directors or employees to any person or entity not
affiliated with the Company.  Nothing herein shall prevent you from making or
publishing any truthful statement (a) when required by law, subpoena or court
order, (b) in the course of any legal, arbitral or regulatory proceeding, (c)
to any governmental authority, regulatory agency or self-regulatory
organization, or (d) in connection with any investigation by the Company.

 

 

[SECTION 7 TO BE INSERTED FOR OPCO]

 

 

 

7.       Notice of
Termination of Employment.  Except where local law prohibits
enforcement, you agree that if you
voluntarily resign you will give at least six months’ written notice to the
Company of your voluntary Termination, which may be working notice or
non-working notice at the Company’s sole discretion and which notice period is
waivable by the Company at the Company’s sole discretion.  This notice period
provision supersedes any conflicting notice period provision contained in the
award agreements governing your prior long-term incentive awards awarded under
the Plan.

 

 

 [SECTION 7 TO BE INSERTED FOR US GRADE 27+ NON-OPCO]

 

7.        Notice of
Termination of Employment.  Except where local law prohibits
enforcement, you agree that if you
voluntarily resign you will give at least three months’ written notice to the
Company of your voluntary Termination, which may be working notice or
non-working notice at the Company’s sole discretion and which notice period is
waivable by the Company at the Company’s sole discretion.  This notice period
provision supersedes any conflicting notice period provision contained in the
award agreements governing your prior long-term incentive awards awarded under
the Plan.

 

 

  [SECTION 7 TO BE INSERTED FOR TCN NON-US
GRADE 27+ NON-OPCO]

7.        Notice of Termination of
Employment.  You agree that:

1.           
if you voluntarily resign you will give at least three months’ written
notice to the Company of your voluntary Termination, which may be working
notice or non-working notice at the Company’s sole discretion and which notice
period is waivable by the Company at the Company’s sole discretion, except to
the extent prohibited by local law; and

2.           
if your employment is not at-will and you or the Company is obligated to
give other advance notice of a Termination by virtue of local law, any
applicable collective bargaining agreement or your employment agreement, such
notice obligation will not be affected by this provision.  As set forth in the
Executive Severance Plan (“ESP”), any severance payment paid in
accordance with the ESP will be reduced by any payment in lieu of notice paid
by the Company to you, and you will cease to have any further entitlement to
notice.  

This notice period provision supersedes any
conflicting notice period provision contained in any of the award agreements
governing your prior long-term incentive awards awarded under the Plan. 

8.       Clawback/Repayment.  Notwithstanding
anything to the contrary contained herein, in consideration of the grant of
this Award, you agree that you are a Covered Employee under the AIG Clawback
Policy with respect to this Award and any payments hereunder and, accordingly,
this Award and any payments hereunder will be subject to forfeiture and/or
repayment to the extent provided for in the AIG Clawback Policy, as in effect
from time to time if it is determined that a Covered Event (as defined in such
Policy) has occurred.  With 

 

 

respect to this Award and
any payments hereunder, each of the following events is a “Covered Event” for
purposes of the Policy:

1.           
a material restatement of all or a portion of AIG’s financial statements
occurs and the Board or Committee determines that recovery of payments under
this Award is appropriate after reviewing all relevant facts and circumstances
that contributed to the restatement, including whether you engaged in
misconduct, and considering issues of accountability;

2.           
payments under this Award were based on materially inaccurate financial
statements or on performance metrics that are materially inaccurately
determined, regardless of whether you were responsible for the inaccuracy;

3.           
your failure to properly identify, assess or sufficiently raise concerns
about risk, including in a supervisory role, resulted in a material adverse
impact on AIG, any of AIG’s business units or the broader financial system;

4.           
any action or omission by you constituted a material violation of AIG’s
risk policies as in effect from time to time; or  

5.           
any action or omission by you resulted in material financial or
reputational harm to AIG.

9.       Entire Agreement.   The
Plan is incorporated herein by reference.  This Award Agreement, the Plan, the
personalized information in Schedule A, and such other documents as may be
provided to you pursuant to this Award Agreement regarding the Performance
Measures and the number of your Earned PSUs, constitute the entire agreement and
understanding of the parties hereto with respect to the subject matter hereof
and supersede all prior understandings and agreements with respect to such
subject matter.  

10.     Notices.   Any notice or
communication required to be given or delivered to the Company under the terms
of this Award Agreement shall be in writing (which may include an electronic
writing) and addressed to the Corporate Secretary of AIG at its principal
corporate offices as specified in Section 9E of the Plan or, with respect to
the acceptance of an Award, as specified in Schedule A or the Compensation Plan
Grant Acceptance website.  Any notice required to be given or delivered to you
shall be in writing (including an electronic writing) and addressed to you at
your Company email address or your home address on file in the Company’s
payroll or personnel records.  All notices shall be deemed to have been given
or delivered upon:  personal delivery; electronic delivery or three (3)
business days after deposit in the United States mail by certified or
registered mail (return receipt requested) or one (1) business day after
deposit with any return receipt express courier (prepaid).

11.     Governing Law.   This Award
Agreement will be governed by and construed in accordance with the laws of the
State of New York, without regard to principles of conflict of laws.  

 

 

IN
WITNESS WHEREOF, AMERICAN INTERNATIONAL GROUP, INC. has caused this Award
Agreement to be duly executed and delivered as of the Date of Award specified
in Schedule A.

AMERICAN
INTERNATIONAL GROUP, INC.

_______________________________________

By: 
Jeffrey Hurd

Executive
Vice President Human Resources, Communications, and Administration

                                                 

 

 

 

Schedule
A

2015 Long-Term Incentive Award

 

Recipient:                                                                   [First
Name] [Last Name]

Employee ID:                                                             [Employee
ID]

Performance Period:                                                  [Performance
Period]

Target PSUs:                                                              [Number
of PSUs]

Date of Award:                                                          [Award
Date]

 

 

Receipt

Acknowledged:          __________________________________________           ___________

                                    Signature                                                                    Date

 

Address:                     __________________________________________

                                    Street

 

                                    __________________________________________

                                    City,               
State                    Zip Code

 

 

In
order to be eligible to receive your 2015 LTIP award, you must agree
to and either electronically consent or sign the Award Agreement within 90
days of the receipt of this communication.  If you do not
electronically consent to or sign the Award Agreement within 90 days, you may
forfeit your Award.   

 

[Insert instructions]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}]]