Document:

EX-10.101

Exhibit 10(101)

[AIG Letterhead]

Edward M. Liddy

September 22, 2008

[Recipient Address]

Dear                     ,

I’m
pleased to award you a Special Cash Retention award of $[•], payable in two installments of
$[•] and $[•], on or about December 31, 2008 and December 31, 2009. Additional terms of the award
are set forth at the end of this letter.

I fully recognize the devastating loss of personal wealth you’ve suffered, and pledge to you my
personal commitment to provide an opportunity for substantial wealth creation through a combination
of cash and equity awards in the coming months and years.

I’m convinced that we can turn around AIG and restore the value, confidence, and trust that have
been eroded by recent events. I need your renewed commitment, leadership and teamwork to accomplish
this challenging task. The rewards for achieving the objective of paying off the revolver line of
credit from the Fed could be substantial, and I intend to handsomely remunerate those who step up
to the challenge and take AIG proudly into the future. I’m counting on you to work with me and our
other leaders to take back the company from the federal government and regain our rightful place as
one of the best companies in the world. In return, just know that you can count on me.

As this special award is being made to a very select group of executives, I ask that you treat it
as confidential. Thank you again for your hard work and the sacrifice that you and your family have
made for AIG.

Very sincerely,

Terms

Each installment is payable if you are employed with the company through the respective installment
date. You also will receive these payments if your employment is terminated prior to December 31,
2009 for any reason other than Cause. (Cause is conduct involving fraud, intentional misconduct,
gross negligence or material violation of AIG policy.)

Furthermore, in the event the AIG entity that is your employer (the “Company”) experiences a Change
in Control (e.g., consummation of a merger, consolidation, statutory share exchange or similar form
of corporate transaction involving the sale or other disposition of all or substantially all of the
Company’s assets to an entity that is not an affiliate of the Company), AIG guarantees the payment
of the 2008 Special Cash Retention award on the dates and under the conditions specified above.EX-10.102

Exhibit 10(102)

[AIG Letterhead]

Edward M. Liddy

November 24, 2008

[Recipient Address]

Dear                     ,

     Thank you again for your continued commitment to AIG. I appreciate your agreement to the
additional show of support that has been requested of us.

     In particular, you are being asked that (1) your outstanding retention award, which was
scheduled to be paid $[•] in December 2008 and $[•] in December 2009, will instead be paid $[•] as
soon as practicable in April 2009 and $[•] as soon as practicable in April 2010 and (2) you must
remain employed through the applicable scheduled payment date to be entitled to payment.

     I also wanted to confirm that AIG’s quarterly cash and supplemental bonus have been suspended
for AlG’s most senior officers, including you, effective as of September 22, 2008, and continuing
through the end of 2009 at the earliest. The 2009 amounts will be included in your target bonus for
the year.

     Please immediately return your signed form to [•]. We must have your signed form in order for
AlG to be able to execute its agreement with the U.S. Department of the Treasury.

     The Board appreciates your continued efforts.

Very truly yours,

Agreed.

                    

[name]EX-10.103

Exhibit
10(103)

[AIG
Letterhead]

April •, 2009

[Director Name]

[Address 1]

[Address 2]

[Address 3]

	 	 	 
	Re:

	 	Director’s Fees

Dear •:

     In accordance with changes to the manner in which AIG compensates directors, directors will no
longer have the right to defer retainers and other fees into Deferred Stock Units. Any 2009 fees
that you had chosen to defer into Deferred Stock Units and that relate to your service after April
1, 2009 instead will be paid, without interest, at the same time the shares underlying the Units
would have been delivered (i.e., when you cease to be a non-employee director and otherwise
separate from service).

     Any 2009 fees that you had chosen to defer and that relate to your service after April 1,
2009, will now be subject to the following terms:

Terms

	1.	 	Applicability. Of the 2009 director’s fees that you previously elected to defer,
this letter covers the fees that relate to your service after April 1, 2009, in accordance
with the director compensation practices of American International Group, Inc. (the “Company”)
then in effect. As they are earned, these fees will be your “2009 Deferred Fees.”
	 
	2.	 	Payout. The Company will pay your 2009 Deferred Fees at the same time as
contemplated by your prior election to receive Deferred Stock Units under the Company’s
Amended and Restated 2007 Stock Incentive Plan. Your 2009 Deferred Fees will be paid in cash,
will not earn interest or any other return, and, until paid, will represent only a general,
unsecured claim against the Company. Without limiting the generality of the preceding, the
specific payment terms are:

	 	(a)	 	Separation from Service. Except as provided below in this paragraph 2 and
paragraph 4, your 2009 Deferred Fees will be paid promptly after the date on which you
cease to provide services to the Company (the “Payment Date”), but no later than 90 days
thereafter.
	 
	 	(b)	 	Death. Notwithstanding any other term or provision of this letter, if you
die prior to the Payment Date, your 2009 Deferred Fees will be paid to the representative
of your estate promptly after your death (but no later than 90 days after your death).
	 
	 	(c)	 	Delay of Payment. The Board of Directors of the Company (the “Board”) may,
in its sole discretion, determine to defer payment of your 2009
Deferred Fees or permit you to elect to defer payment of Deferred Fees, in each case in a manner that conforms to
the requirements of Section 409(a)(4) of the Internal Revenue Code of 1986, as amended
(the “Code”).

	3.	 	Non-transferability. Except as may otherwise be provided in this paragraph or as
otherwise may be provided by the Board, your 2009 Deferred Fees may not be sold, exchanged,
transferred, assigned, pledged, hypothecated or otherwise disposed of or hedged, in any
manner, whether voluntarily or involuntarily and whether by operation of law or otherwise,
other than by will or by the laws of descent and distribution. Any assignment in violation of
the provisions of this paragraph 3 will be void.
	 
	4.	 	Section 409A. 

	 	(a)	 	Your 2009 Deferred Fees are intended to be “deferred compensation” subject to Section
409A of the Code, including any amendments or successor provisions to that section, and
any regulations and other administrative guidance thereunder, in each case as they may be
from time to time amended or interpreted through further administrative guidance (“Section
409A”), and this letter is intended to, and will be interpreted, administered and
construed to, comply with Section 409A with respect to your 2009 Deferred Fees. The Board
will have full authority to give effect to the intent of this paragraph 4(a).
	 
	 	(b)	 	Without limiting the generality of paragraph 4(a), references to your ceasing to
provide services to the Company with respect to your 2009 Deferred Fees will mean your
separation from service with the Company within the meaning of Section 409A (which, unless
inconsistent with the foregoing, will mean your ceasing to be a director of the Board).
	 
	 	(c)	 	Any payment of your 2009 Deferred Fees pursuant to paragraph 2(a) that would be
subject to the limitations in Section
409A(a)(2)(b) of the Code will be delayed until six
months after you cease to provide services to the Company (or earlier death) in accordance
with the requirements of Section 409A.

	5.	 	Successors and Assigns of AIG. The terms and conditions of this letter will be
binding upon and will inure to the benefit of the Company and its successors and assigns.
	 
	6.	 	Amendment. The Board reserves the right at any time to amend the terms and
conditions set forth in this letter in any respect. Notwithstanding the foregoing, no such
amendment will materially adversely affect your rights and obligations under this letter
without your consent (or the consent of your estate, if such consent is obtained after your
death), and the Board may not accelerate or postpone the payout of your 2009 Deferred Fees to
occur at a time other than the applicable time provided for in this letter. Any amendment of
this letter will be in writing signed by an authorized member of the Board or any other person
or persons authorized by the Board.

 

 

	7.	 	Governing Law. THIS LETTER 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.
	 
	8.	 	Headings. The headings in this letter are for the purpose of convenience only and
are not intended to define or limit the construction of the provisions hereof.

Other Requirements

     This letter and your 2009 Deferred Fees are subject to Section 111 of the Emergency Economic
Stabilization Act of 2008 and all guidance and regulations thereunder and to any agreement the
Company may enter into with the U.S. Department of the Treasury or any other governmental or
regulatory body (as amended from time to time, collectively, the “Compensation Requirements”). In
the event of any inconsistency between the Compensation Requirements and the otherwise prevailing
terms of this letter, the Compensation Requirements will control.

*                         *                         *

     We thank you for your continued service to the Company.

	 	 	 	 	 
	 	Sincerely yours,

AMERICAN INTERNATIONAL GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted and Agreed:

 

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