Document:

Exhibit 10.2

 Exhibit 10.2 
 THE AES CORPORATION 
 AMENDED AND RESTATED 

EXECUTIVE SEVERANCE PLAN 

 ARTICLE I 

GENERAL PROVISIONS 
 1.1 Establishment and Purpose. 
 The purpose of The AES Corporation Amended
and Restated Executive Severance Plan (the “Plan”) is to provide eligible executives of The AES Corporation (the “Company”) who (i) are designated to participate in the Plan by the Board and/or Administrator, (ii) agree
to the Plan terms, and (iii) are involuntarily terminated from employment in certain limited circumstances, with severance and welfare benefits as set forth in this Plan. Benefits payable under this Plan are generally intended for Eligible
Employees who are involuntarily terminated without Cause. The AES Corporation Executive Severance Plan was approved and adopted by the Board on October 6, 2011, and amended and restated by the Board on August 1, 2012, to address certain
administrative matters and to adopt or amend Benefit Schedules relating to the Plan. 
 The Plan is not intended to be an
“employee pension benefit plan” or “pension plan” within the meaning of Section 3(2) of ERISA. Rather, this Plan is intended to be a “welfare benefit plan” within the meaning of Section 3(1) of ERISA and to
meet the descriptive requirements of a plan constituting a “severance pay plan” within the meaning of regulations published by the Secretary of Labor at Title 29, Code of Federal Regulations, Section 2510.3-2(b). Accordingly, the
benefits paid by the Plan are not deferred compensation and no employee shall have a vested right to such benefits. 
 1.2
Term. 
 The Plan shall generally be effective on the Effective Date. This Plan supersedes any prior severance plans,
policies, guidelines, arrangements, agreements, letters and/or other communication, whether formal or informal, written or oral sponsored by the Employer and/or entered into by any representative of the Employer. This Plan represents exclusive
severance benefits provided to Eligible Employees and such individuals shall not be eligible for other benefits provided in other severance plans, policies, programs, guidelines, arrangements, letters, etc. of the Company. 

1.3 Definitions. 
 Except as may otherwise be specified or as the context may otherwise require, for purposes of the Plan, the following terms shall have the respective meanings ascribed thereto, or as set forth on a
Benefit Schedule to the Plan. 
 “Administrator” means the Compensation Committee of the Board or such other
committee or persons designated by the Board and/or Compensation Committee to assume duties of the Administrator. 

“Affiliated Employer” means any corporation which is a member of a controlled group of corporations (as defined in
Section 414(b) of the Code) which includes the Company; any trade or business (whether or not incorporated) which is under common control (as defined in Section 414(c) of the Code) with the Company; any organization (whether or not
incorporated) which is a member of an affiliated service group (as defined in Section 414(m) of the Code) which includes the Company; and any other entity required to be aggregated with the Company pursuant to regulations under
Section 414(o) of the Code. 

  
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 “Annual Compensation” means an Eligible Employee’s annualized base
salary as in effect as of the Eligible Employee’s Termination Date. Unless otherwise provided on a Benefit Schedule, Annual Compensation shall: (i) include: pre-tax employee contributions under any qualified defined contribution retirement
plan, salary deferrals under any unfunded nonqualified deferred compensation plan, and amounts deferred (to include employee premiums) under a flexible spending account established pursuant to Section 125 of the Code; and (ii) exclude: any
amounts contributed by the Employer to any plan established pursuant to Section 125 of the Code, bonuses, annual incentive payments, long-term incentive awards (including, but not limited to, stock options, restricted stock and performance unit
awards), and any other form of supplemental compensation. 
 “Benefit Schedule” means any schedule attached to
the Plan which sets forth the benefits of specified groups of Eligible Employees, as approved by the Company and updated by the Administrator from time to time. 
 “Board” means the Board of Directors of the Company. 

“Bonus” means an Eligible Employee’s annual target bonus compensation as established by the Employer and in effect
on the Eligible Employee’s Termination Date. 
 “Cause” means, except as otherwise provided in a Benefit
Schedule, Separation From Service by action of the Employer, or resignation in lieu of such Separation From Service, on account of the Eligible Employee’s dishonesty; insubordination; continued and repeated failure to perform the Eligible
Employee’s assigned duties or willful misconduct in the performance of such duties; intentionally engaging in unsatisfactory job performance; failing to make a good faith effort to bring unsatisfactory job performance to an acceptable level;
violation of the Employer’s policies, procedures, work rules or recognized standards of behavior; misconduct related to the Eligible Employee’s employment; or a charge, indictment or conviction of, or a plea of guilty or nolo
contendere to, a felony, whether or not in connection with the performance by the Eligible Employee of his or her duties or obligations to the Employer. 
 “Change in Control” means the occurrence of one or more of the following events: (i) any sale, lease, exchange or other transfer (in one transaction or a series of related
transactions) of all, or substantially all, of the assets of the Company to any Person or group (as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934) of Persons, (ii) a Person or “group” (as defined
under Section 13(d)(3) of the Securities Exchange Act of 1934) of Persons (other than management of the Company on the date of the adoption of this Plan or their Affiliates) shall have become the beneficial owner of more than 35% of the
outstanding voting stock of the Company, or (iii) during any one-year period, individuals who at the beginning of such period constitute the Board (together with any new director whose election or nomination was approved by a majority of the
directors then in office who were either directors at the beginning of such period or who were previously so approved, but excluding under all circumstances any such new director whose initial assumption of office occurs as a result of an

  
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actual or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of any individual, corporation, partnership or other entity or group) cease
to constitute a majority of the Board. For purposes of this definition, “Affiliate” means: (i) any Subsidiary of the Company; (ii) any entity or Person or group of Persons that, directly or through one or more intermediaries, is
controlled by the Company; and (iii) any entity or Person or group of Persons in which the Company has a significant equity interest, as determined by the Company. 
 “Chief Executive Officer” means an Eligible Employee or Participant, as the context requires, who is the Chief Executive Officer of the Company. 

“COBRA Coverage” means medical, dental and vision coverage which is required to be offered to terminated employees under
Section 4980B of the Code and Section 606 of ERISA; provided, however, that no provision of this Plan shall be construed to require the Employer to contribute on behalf of an Eligible Employee towards continuation coverage for a health
spending account. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Company” or “AES” means The AES Corporation, a Delaware corporation, or any successor thereto. 

“Compensation Committee” means the Compensation Committee of the Board. 

“Disability” or “Disability Termination” means, except as otherwise provided in a Benefit Schedule, a
Separation From Service: (a) on account of the Eligible Employee’s failure to return to full-time employment following exhaustion of short-term disability benefits provided by the Employer; (b) following the date the Eligible Employee
is determined to be eligible for: (i) long-term disability benefits under any long-term disability insurance policy or plan maintained by the Employer; or (ii) disability pension or retirement benefits under any qualified retirement plan
maintained by the Employer; or (c) due to a physical or mental condition that substantially restricts the Eligible Employee’s ability to perform his or her usual duties, as determined by the Employer. 

“Effective Date” means August 1, 2012. 
 “Eligible Employee” means any Employee of the Employer who: (i) is not an Ineligible Employee (within the meaning of Section 2.2); (ii) has completed one Year-of-Service as
a full-time Employee (except as otherwise approved by the Administrator or the Board); (iii) has been designated by the Board as a participant in the Plan; and (iv) has executed the document set forth on Exhibit A, thereby
understanding and agreeing to be bound by all of the terms and conditions set forth in the Plan and Benefit Schedule. “Eligible Employee” shall include Executive Officers and the Chief Executive Officer. 

“Employee” means any person who is employed by the Company or a Subsidiary as a common law employee and is listed as an
employee on the U.S. payroll records of the Employer as a full-time employee. Any person hired by the Employer as a consultant or independent contractor and any other individual whom the Employer does not treat as its employee for federal income tax
purposes shall not be an Employee for purposes of this Plan, even if it is subsequently determined by a court or administrative agency that such individual should be, or should have been, properly classified as a common law employee of the Employer.

  
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 “Employer” means the Company and any Affiliated Employer that participates
in the Plan with the consent of the Company. The Administrator shall maintain a list of participating Employers. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Executive” or “Executive Officer” means an Eligible Employee or Participant, as the context requires (other
than the Chief Executive Officer), who is an executive officer of the Company as defined under Rule 3b-7 of the Securities Exchange Act of 1934, as amended, or was otherwise approved as an officer by the Board and/or Compensation Committee.

 “Good Reason” or “Good Reason Termination” has the meaning set forth in any applicable Benefit
Schedule. 
 “Ineligible Termination” means, except as otherwise provided in a Benefit Schedule, an Eligible
Employee’s Separation From Service on account of: 
  

	 	•	 	 The Eligible Employee’s voluntary resignation, including but not limited to the Eligible Employee’s unilateral Separation From Service at any
time prior to the Termination Date established by the Employer; 

  

	 	•	 	 Any Separation From Service that the Employer determines (either before or after the Separation From Service and whether or not any notice is given to
the employee) the payment of benefits under the Plan in connection with such Separation From Service would be inconsistent with the intent and purposes of the Plan; 

 

	 	•	 	 A Separation From Service in connection with an Eligible Employee’s failure to return to work immediately following the conclusion of an approved
leave-of-absence. 

  

	 	•	 	 A Separation From Service for, or on account of, Cause; 

 

	 	•	 	 A Disability Termination; 

  

	 	•	 	 The Eligible Employee’s death; 

  

	 	•	 	 The Eligible Employee declines to accept a New Job Position offered by the Employer that is located within 50 miles of the Eligible Employee’s
then assigned work site of the Employer; 

  

	 	•	 	 The Sale of Business Rule set forth in Section 2.3 herein; or 

  
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	 	•	 	 The voluntary transfer of employment from Eligible Employee’s Employer to another AES related entity, irrespective of whether the Eligible
Employee is required to relocate or whether the AES related entity qualifies as an Affiliated Employer. 

“Involuntary Termination” means an Executive’s involuntary Separation From Service that is (i) not an
Ineligible Termination and (ii) by action of the Employer on account of: 
  

	 	•	 	 Reduction-in-force that eliminates the Executive’s existing job position; 

 

	 	•	 	 Permanent job elimination of the Executive; 

  

	 	•	 	 The restructuring or reorganization of a business unit, division, department or other segment, which directly affects the Executive;

  

	 	•	 	 Termination by Mutual Consent; or 

  

	 	•	 	 Executive declines to accept a New Job Position offered by the Employer that requires the Executive to relocate to a work site location that is located
greater than 50 miles from the Executive’s then assigned work site of the Employer; provided, however, that except as provided in Section 2.3 or in connection with a Separation From Service following a Change in Control, an
Executive who functions at or above a Group Manager position (or its equivalent) shall not incur an Involuntary Termination if such Executive declines a New Job Position (regardless of its location) at a time when the Executive’s existing job
position is being eliminated. 

 “New Job Position” means: (i) with respect to an
Eligible Employee who has demonstrated inadequate or unsatisfactory performance, as determined by the Employer, any job position offered by the Employer; or (ii) with respect to all other Eligible Employees, a full-time job position offered by
the Employer that does not result in a reduction of the Employee’s Annual Compensation. 
 “Participant”
has the meaning set forth in Section 2.1. 
 “Person” means any individual, corporation, joint venture,
association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Plan” means The AES Corporation Amended and Restated Executive Severance Plan as set forth herein, and as the same may from time to time be amended. 

“Section 409A” shall mean Section 409A of the Code, the regulations and other binding guidance promulgated
thereunder. 
 “Separation From Service” shall mean an Eligible Employee’s termination of employment with
the Company and all of its controlled group members within the meaning of Section 409A of the Code. For purposes hereof, the determination of controlled group members 

  
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shall be made pursuant to the provisions of Section 414(b) and 414(c) of the Code; provided that the language “at least 50 percent” shall be used instead of “at least 80
percent” in each place it appears in Section 1563(a)(1), (2) and (3) of the Code and Treas. Reg. § 1.414(c)-2; provided, further, where legitimate business reasons exist (within the meaning of Treas. Reg. §
1.409A-1(h)(3)), the language “at least 20 percent” shall be used instead of “at least 80 percent” in each place it appears. Whether an Employee has a Separation From Service will be determined based on all of the facts and
circumstances and in accordance with the guidance issued under Section 409A. 
 “Specified Employee” means
a key employee (as defined in Section 416(i) of the Code without regard to paragraph (5) thereof) of the Company as determined in accordance with the regulations issued under Code Section 409A and the procedures established by the
Company. 
 “Subsidiary” means any entity in which the Company owns or otherwise controls, directly or
indirectly, stock or other ownership interests having the voting power to elect a majority of the board of directors, or other governing group having functions similar to a board of directors, as determined by the Company. 

“Termination by Mutual Consent” means an involuntary Separation From Service pursuant to which the Company agrees, in
its sole discretion, that benefits are payable under this Plan. 
 “Termination Date” means the date of the
Eligible Employee’s Separation From Service (or scheduled date of Separation From Service, as applicable). 

“Year-of-Service” means each twelve-month period measured from the Eligible Employee’s first day of employment with
an Employer, as reduced to reflect breaks in service and/or services performed during such period the Eligible Employee was otherwise ineligible to participate in the Plan, as determined under the rules promulgated by the Administrator. Service with
a predecessor employer (that was not an Affiliated Employer) shall be recognized to the extent such service is recognized under The AES Corporation Retirement Savings Plan. Service shall also include services performed prior to the effective date of
the Plan. In the event an Eligible Employee’s Separation From Service and the Eligible Employee is subsequently reemployed by the Employer, the Eligible Employee’s service for calculation of any severance benefits under Article IV of the
Plan shall be based only upon the Eligible Employee’s service credited since the most recent date of employment with the Employer. 
 ARTICLE II 
 PARTICIPATION 

2.1 Eligibility. 
 An Eligible Employee shall, upon execution of the release in the form specified in Article III of this Plan in the time and manner set forth in Section 3.1 of the Plan, be eligible for the
severance benefits provided under Article IV of this Plan if the Eligible Employee’s Separation From Service is by reason of an Involuntary Termination or Good Reason Termination, as applicable. An Eligible Employee who fails to execute the
release in the time and manner set forth in Section 3.1 or who subsequently revokes execution of the release in accordance with its terms shall not be entitled to receive benefits under this Plan. An Eligible Employee who satisfies all of the
terms and conditions specified in this Plan and who becomes entitled to receive benefits hereunder shall be referred to herein as a “Participant.” 

  
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 2.2 Ineligible Employees. Notwithstanding any provision of this Plan to the contrary,
no Employees shall be eligible to participate in the Plan unless so designated by the Board and/or the Administrator. 
 2.3
Sale of Business Rule. 
 An Eligible Employee shall not be eligible for benefits under the Plan if the Eligible
Employee’s Separation From Service is in connection with the sale of the stock or other ownership interests of the Employer or other related entity, or the sale, lease, or other transfer of the assets, products, services or operations of the
Employer or other related entity to another organization if either of the following occurs: 
  

	 	•	 	 The Eligible Employee is employed by the new organization immediately following the sale, transfer or lease or is so employed within a time period
specified in an agreement between the Employer and the new organizations; or 

  

	 	•	 	 The Employer terminates the employment of an Eligible Employee who did not accept an offer of employment from the new organization when the new
organization offered a compensation and benefits package that was, in the aggregate, generally comparable to the compensation and benefits provided by the Employer; provided that such Eligible Employee was not required to relocate to a work site
location that is located greater than 50 miles from the Employee’s then assigned work site of the Employer. 

 Notwithstanding the foregoing, this Section 2.3 shall not apply if an Eligible Employee’s Separation From Service occurs in connection with a Change of Control and, as such, any such Separation
From Service will not be an Ineligible Termination solely on the basis of the Sale of Business Rule. 
 ARTICLE III

 RELEASES 
 3.1 Release. 
 Notwithstanding anything in this Plan to the contrary, no
benefits of any sort or nature (other than as provided in Section 3.3) shall be due or paid under this Plan to any Eligible Employee unless the Eligible Employee executes a written release and covenant not to sue, in form and substance
satisfactory to the Employer, in its sole discretion, within the time stated in the release; provided, however, that in all cases such release must become final, binding and irrevocable within sixty (60) days following the Eligible
Employee’s Termination Date. The written release shall waive any and all claims against the Employer and all related parties including, but not limited to, claims arising out of the Eligible Employee’s employment by the Employer, the
Eligible Employee’s Separation From Service and claims relating to the benefits paid under this Plan. At the sole discretion of the Employer, the release shall also include such noncompetition, nonsolicitation and nondisclosure provisions as
the Employer considers necessary or appropriate. 

  
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 3.2 Revocation. 

The release described in Section 3.1 must be executed and binding on the Eligible Employee within the timeframe specified by the
Company before benefits are due or paid. An Eligible Employee who revokes execution of the release in accordance with the terms of the release shall not be entitled to receive benefits under the Plan. 

3.3 Outplacement Services. 
 Notwithstanding the foregoing provisions of this Article III, the Outplacement Services set forth under Section 4.3 herein may or may not be provided, at the discretion of the Employer, to an
Eligible Employee prior to the execution of a release under this Plan. 
 ARTICLE IV 

SEVERANCE BENEFITS 
 4.1 Separation Payment. 
 4.1.1 A Participant shall be entitled to receive
a separation payment as set forth on the applicable Benefit Schedule. Except as otherwise provided in a Benefit Schedule, the separation payment shall be paid at least monthly in substantially equal installments as salary continuation in accordance
with the Employer’s established payroll policies and practices over the same time period upon which the separation payment is based, which shall be set forth in the Benefit Schedule. The separation payments will commence on the Employer’s
next normal pay date occurring after the date the Eligible Employee’s release becomes final, binding and irrevocable. 

4.1.2 For purposes of Section 409A: (i) the right to salary continuation installment payments under Section 4.1.1 shall be
treated as the right to a series of separate payments; and (ii) a payment shall be treated as made on the scheduled payment date if such payment is made at such date or a later date in the same calendar year or, if later, by the 15th day of the
third calendar month following the scheduled payment date. A Participant shall have no right to designate the date of any payment under the Plan. For purposes of the Plan, each salary continuation installment payment in Section 4.1.1 is
intended to be excepted from Section 409A to the maximum extent provided under Section 409A as follows: (i) each salary continuation installment payment that is scheduled to be made on or before March 15th of the calendar year
following the calendar year containing the Termination Date is intended to be excepted under the short-term deferral exception as specified in Treas. Reg. § 1.409A-1(b)(4); and (ii) each salary continuation installment payment that is not
otherwise excepted under the short-term deferral exception is intended to be excepted under the involuntary pay exception as specified in Treas. Reg. § 1.409A-1(b)(9)(iii). 

  
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 4.2 Continuation of Certain Welfare Benefits. 

4.2.1 Medical/Dental/Vision. For the period set forth below in Section 4.2.3 and beginning in the calendar month following
the calendar month in which the Termination Date occurs, the Participant shall be eligible to participate in the Employer’s medical, dental and vision employee welfare benefit plans applicable to the Participant on his Termination Date. To
receive such benefits, the Participant must properly enroll in COBRA coverage, and must also pay such premiums and other costs for such coverage as generally applicable to the Employer’s active employees. The Employer will continue to pay its
share of the applicable premiums under the medical, dental and vision plans for the same level and type of coverage in which the Participant is enrolled as of the Termination Date. 

Except as provided in a Benefit Schedule to the Plan, if a Participant has elected the “no benefit coverage” option under the
medical, dental or vision plans as of his actual Termination Date, the Participant shall not be entitled to continuation coverage or cash in lieu thereof. Following expiration of coverage under this Section 4.2.1, a Participant may, to the
extent eligible, continue to participate in such plans for the remainder of the COBRA continuation period, if any. 
 4.2.2
Concurrent COBRA Period. The continuation period for medical, dental and vision coverage under this Plan shall be deemed to run concurrent with the continuation period federally mandated by COBRA (generally 18 months), or any other legally
mandated and applicable federal, state, or local coverage period for benefits provided to terminated employees under the health care plan. The continuation period will be deemed to commence on the first day of the calendar month following the month
in which the Termination Date falls. Notwithstanding the foregoing, COBRA Coverage will only be available if the Participant is eligible for and timely elects COBRA Coverage, and timely remits payment of the premiums for COBRA Coverage. 

4.2.3 Length of Benefits. Except as provided in a Benefit Schedule, benefits under this Section 4.2 shall be for the same
time period upon which the separation payment was based; provided, however that in no event will the time period exceed 18 months. 
 4.2.4 Implications of Section 409A. Post-termination medical benefits are intended to be excepted from Section 409A under the medical benefits exceptions as specified in Treas. Reg.
§ 1.409A-1(b)(9)(v)(B). 
 4.3 Outplacement Services. 

As set forth on the applicable Benefit Schedule, a Participant shall be eligible for such outplacement services typically provided to
employees of the same job classification or level. Outplacement services may be provided by an independent agency or by the Employer. Notwithstanding the foregoing, the availability, duration, and appropriateness of outplacement services shall be
determined by the Administrator in its sole discretion; provided, however, that outplacement expenses must be reasonable, must be actually incurred by the Participant and may not extend beyond the December 31 of the second calendar year
following the calendar year in which the Termination Date occurred (or such shorter period as specified by the Employer). Any 

  
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such reimbursement shall be as soon as administratively feasible, but in no event later than December 31st of the third calendar year following the calendar year in which the Termination
Date occurred. Post-termination outplacement benefits are intended to be excepted from Section 409A under the separation payment benefits exceptions as specified in Treas. Reg. § 1.409A-1(b)(9)(v)(A). 

4.4 Bonus Compensation. 
 As set forth on the applicable Benefit Schedule and subject to any deferral election that the Participant has made with respect to such amounts, a Participant will be eligible for (i) a prorated
Bonus; and (ii) any accrued but unpaid bonus compensation for completed performance periods. The prorated Bonus specified in Section 4.4(i) will be prorated based on the amount of time the Participant was actively at work on a full-time
basis in the calendar year in which the Participant’s Termination Date falls, and will be paid within the applicable 2 1/2 month period specified in Treas. Reg. § 1.409A-1(b)(4). The bonus compensation specified in Section 4.4(ii)
shall be paid no later than the time that such amounts are paid to similarly situated employees in accordance with the applicable plan terms. Notwithstanding the foregoing, with respect to bonuses paid in accordance with the terms of The AES
Corporation Performance Incentive Plan (or any successor plan, the “Performance Incentive Plan”), any such bonus compensation shall be paid only to the extent earned in accordance with the terms of the Performance Incentive Plan and
on the payment date specified therein. 
 4.5 Enhanced Benefits. 

In the event a Participant is Involuntarily Terminated or terminates for Good Reason within two years following a Change in Control, a
Participant shall receive a separation payment under Section 4.1 and medical/dental/vision benefits under Section 4.2 as set forth in a Benefit Schedule. Notwithstanding the foregoing, unless otherwise specifically provided in the Benefit
Schedule, the time period for medical/dental/vision benefits set forth in Section 4.2 will never exceed eighteen (18) months, as described in Section 4.2.3. 
 4.6 Delay in Payment. 
 Notwithstanding any provision of this Plan to the
contrary, to the extent that a payment hereunder is subject to Section 409A (and not excepted therefrom), such payment shall be delayed for a period of six months after the Termination Date (or, if earlier, the death of the Participant) for any
Participant that is a Specified Employee. Any payment that would otherwise have been due or owing during such six-month period will be paid on the first business day of the seventh month following the Separation From Service. 

ARTICLE V 
 CONFIDENTIALITY, COVENANT NOT TO COMPETE, NON-SOLICITATION AND 

NON-DISPARAGEMENT PROVISIONS 
 5.1 General Provisions. 
 As a condition of participation in the Plan, the
Eligible Employee agrees that restrictions on his or her activities during and after employment are necessary to protect the goodwill, Confidential Information (as defined below) and other legitimate interests of the Company and its Subsidiaries,
and that the agreed restrictions set forth below will not deprive the Eligible Employee of the ability to earn a livelihood. 

  
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 5.2 Confidential Information. 

The Eligible Employee acknowledges that the Company and its Subsidiaries continually develop Confidential Information (as defined in
Section 5.5(d), below), that the Eligible Employee may develop Confidential Information for the Company or its Subsidiaries and that the Eligible Employee may learn of Confidential Information during the course of his or her employment. The
Eligible Employee will comply with the policies and procedures of the Company and its Subsidiaries for protecting Confidential Information and shall not disclose to any person (except as required by applicable law or legal process or for the proper
performance of his or her duties and responsibilities to the Company and its Subsidiaries, or in connection with any litigation between the Company and the Eligible Employee (provided that the Company shall be afforded a reasonable opportunity in
each case to obtain a protective order)), or use for his or her own benefit or gain, any Confidential Information obtained by the Eligible Employee incident to his or her employment or other association with the Company or any of its Subsidiaries.
The Eligible Employee understands that this restriction shall continue to apply after his or her employment terminates, regardless of the reason for such termination. All documents, records, tapes and other media of every kind and description
relating to the business, present or otherwise, of the Company or its Subsidiaries and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Eligible Employee, shall be the sole and exclusive
property of the Company and its Subsidiaries. The Eligible Employee shall safeguard all Documents and shall surrender to the Company at the time employment terminates, or at such earlier time or times as the Board or its designee may specify, all
Documents then in the Eligible Employee’s possession or control. 
 5.3 Noncompete/Nonsolicit Provisions.

 Except in the event of a Change in Control, while the Eligible Employee is in the employment of the Company and for a period
of twelve months, or such other period specified in the Benefit Schedule for the Eligible Employee, after a termination of Eligible Employee’s employment with the Company (the “Non-Competition Period”), the Eligible Employee
shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, engage in Competitive Activity (as defined below). For purposes of this Plan, “Competitive Activity” means any
activity that is (i) directly or indirectly competitive with the business of the Company or any of its Subsidiaries, as conducted or which has been proposed by management to be conducted within six (6) months prior to termination of the
Eligible Employee’s employment and (ii) conducted in the geographic areas in which the Company or any of its Subsidiaries operate upon the Eligible Employee’s Separation From Service date. Competitive Activity also includes, without
limitation, accepting employment or a consulting position with any person who is, or at any time within twelve (12) months prior to termination of the Eligible Employee’s employment has been, a licensee of the Company or any of its
Subsidiaries. For the purposes of this Article, the business of the Company and its Subsidiaries, as currently conducted, consists of the generation, sale, supply or distribution of electricity. 

  
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 The Eligible Employee agrees that during the Non-Competition Period, the Eligible Employee
will not, either directly or through any agent or employee, Solicit (as defined in Section 5.5(d), below) any employee of the Company or any of its Subsidiaries to terminate his or her relationship with the Company or any of its Subsidiaries or
to apply for or accept employment with any enterprise engaged in Competitive Activity with the Company, or Solicit any customer, supplier, licensee or vendor of the Company or any of its Subsidiaries to terminate or materially modify its
relationship with them, or, in the case of a customer, to conduct with any Person any business or activity which such customer conducts or could conduct with the Company or any of its Subsidiaries. 

5.4 Nondisparagement. 
 Following any termination of the Eligible Employee’s employment, (i) the Eligible Employee shall not make statements or representations, otherwise communicate, directly or indirectly, in
writing, orally, or otherwise, or take any action which may, directly or indirectly, disparage or be damaging to the Company or any if its Subsidiaries or affiliates or their respective former or current officers, directors, employees, advisors,
businesses or reputations, (ii) the Company shall instruct its Board members and senior management to not make statements or representations, otherwise communicate, directly or indirectly, in writing, orally or otherwise, or take any action
which may, directly or indirectly, disparage or be damaging to the Eligible Employee or his reputation. Nothing in this paragraph is intended to undermine any obligations the Eligible Employee or the Company may have to comply with applicable law,
or prohibit the Eligible Employee or the Company from providing truthful testimony or information pursuant to subpoena, court order, discovery demand or similar legal process, or truthfully responding to lawful inquiries by any governmental or
regulatory entity. 
 5.5 Miscellaneous. 

(a) Nothing in this Article V shall prevent the Eligible Employee, during the Non-Competition Period and following
Separation From Service, from acquiring or holding, solely as an investment, publicly traded securities of any competitor corporation so long as such securities do not, in the aggregate, constitute more than 3% of the outstanding voting securities
of such corporation. 
 (b) The Eligible Employee agrees that all inventions, improvements, discoveries, patents,
trade concepts and copyrightable materials made, conceived or developed by Eligible Employee, in respect of the business of the Company, either singly or in collaboration with others, shall be the sole and exclusive property of the Company.

 (c) Without limiting the foregoing, it is understood that the Company shall not be obligated to make any of
the payments or to provide for any of the benefits specified in Article IV or on a Benefit Schedule hereof in connection with the termination of an Eligible Employee’s employment, and shall be entitled to recoup the pro rata portion of any such
payments and of the value of any such benefits previously provided to the Eligible Employee in the event of a material breach by the Eligible Employee of the provisions of this Article (such pro ration to be determined as a fraction, the numerator
of which is the number of days from such breach to the first anniversary of the date on which the Eligible Employee terminates employment and the denominator of which is 365), which breach continues without having been cured within fifteen
(15) days after written notice to the Eligible Employee specifying the breach in reasonable detail. 

  
 -12-

 (d) Definitions. For purposes of this Article, the following definitions
shall apply: 
 (i) “Confidential Information” means any and all information of the Company and
its Subsidiaries that is not generally known by others with whom they compete or do business, or with whom they plan to compete or do business and any and all information not readily available to the public, which, if disclosed by the Company or its
Subsidiaries could reasonably be of benefit to such person or business in competing with or doing business with the Company. Confidential Information includes, without limitation, such information relating to (A) the development, research,
testing, manufacturing, store operational processes, marketing and financial activities, including costs, profits and sales, of the Company and its Subsidiaries, (B) the costs, sources of supply, financial performance and strategic plans of the
Company and its Subsidiaries, (C) the identity and special needs of the customers and suppliers of the Company and its Subsidiaries and (D) the people and organizations with whom the Company and its Subsidiaries have business relationships
and those relationships. Confidential Information also includes comparable information that the Company or any of its Subsidiaries have received belonging to others or which was received by the Company or any of its Subsidiaries with an agreement by
the Company that it would not be disclosed. Confidential Information does not include information which (1) is or becomes available to the public generally (other than as a result of a disclosure by the Eligible Employee), (2) was within
the Eligible Employee’s possession prior to its being furnished to the Eligible Employee by or on behalf of the Company, provided that the source of such information was not bound by a confidentiality agreement with or other contractual, legal
or fiduciary obligation of confidentiality to the Company or any other party with respect to such information, (3) becomes available to the Eligible Employee on a nonconfidential basis from a source other than the Company, provided that such
source is not bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality to the Company or any other party with respect to such information, or (4) was independently developed the Eligible
Employee without reference to the Confidential Information. 
 (ii) “Solicit” means any direct
or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, encouraging or requesting any person or entity, in any manner, with respect to any action. 

ARTICLE VI 
 PLAN ADMINISTRATION 
 6.1 Operation of the Plan. 

The Administrator shall be the named fiduciary responsible for carrying out the provisions of the Plan. The Administrator may delegate
any and all of its powers and responsibilities hereunder or appoint agents to carry out such responsibilities, and any such delegation or appointment may be rescinded at any time. The Administrator shall establish the

  
 -13-

 
terms and conditions under which any such agents serve. The Administrator shall have the full and absolute authority to employ and rely on such legal counsel, actuaries and accountants (which may
also be those of the Employer) as it may deem advisable to assist in the administration of the Plan. 
 6.2 Administration of
the Plan. 
 To the extent that the Administrator in its sole discretion deems necessary or desirable, the Administrator may
establish rules for the administration of the Plan, prescribe appropriate forms, and adopt procedures for handling claims and the denial of claims. The Administrator shall have the exclusive authority and discretion to interpret, construe, and
administer the provisions of the Plan and to decide all questions concerning the Plan and its administration. Without limiting the foregoing, the Administrator shall have the authority to determine the level of an Employee, to determine eligibility
for and the amount of any benefits due in accordance with the applicable Benefit Schedule, to make factual determinations, to correct deficiencies, and to supply omissions, including resolving any ambiguity or uncertainty arising under or existing
in the terms and provisions of the Plan or any Benefit Schedule. Any and all such determinations of the Administrator shall be final, conclusive, and binding on the Employer, the Employee and any and all interested parties. 

6.3 Funding. 
 The Plan shall be unfunded and all payments hereunder and expenses incurred in connection with this Plan shall be paid from the general assets of the Employer. Benefits will be paid directly by the
Employer employing the Participant, and no other Employer or Affiliated Employer will be responsible for any benefits hereunder. 
 6.4 Code Section 409A. 
 Notwithstanding any provision of the Plan to
the contrary, if any benefit provided under this Plan is subject to the provisions of Section 409A of the Code and the regulations issued thereunder, the provisions of the Plan will be administered, interpreted and construed in a manner
necessary to comply with Section 409A or an exception thereto (or disregarded to the extent such provision cannot be so administered, interpreted, or construed). With respect to payments subject to Section 409A of the Code: (i) it is
intended that distribution events authorized under the Plan qualify as permissible distribution events for purposes of Section 409A of the Code; and (ii) the Company and each Employer reserve the right to accelerate and/or defer any
payment to the extent permitted and consistent with Section 409A. Notwithstanding any provision of the Plan to the contrary, in no event shall the Administrator, the Company, an Affiliated Employer or Subsidiary (or their employees,
officers, directors or affiliates) have any liability to any Participant (or any other person) due to the failure of the Plan to satisfy the requirements of Section 409A or any other applicable law. 

  
 -14-

 ARTICLE VII 

CLAIMS 
 7.1 General. 
 Except as otherwise provided in a Benefit Schedule relating
to notice periods, if an Employee believes that he or she is eligible for benefits under the Plan and has not been so notified, an Employee should submit a written request for benefits to the Administrator. Any claim for benefits must be made within
six months of an Employee’s Termination Date, or the Employee will be forever barred from pursuing a claim. For purposes of this Article VI, an Employee making a claim for benefits under the Plan shall be referred to as a
“claimant”. The claimant shall file the claim with and in the manner prescribed by the Administrator. The Administrator shall make the initial determination concerning rights to and amount of benefits payable under this Plan. 

7.2 Claim Evaluation. 
 A properly filed claim will be evaluated and the claimant will be notified of the approval or the denial of the claim within ninety (90) days after the receipt of the claim, unless special
circumstances require an extension of time for processing. Written notice of the extension will be furnished to the claimant prior to the expiration of the initial ninety-day (90-day) period, and will specify the special circumstances requiring an
extension and the date by which a decision will be reached (provided the claim evaluation will be completed within one hundred and twenty (120) days after the date the claim was filed). 

7.3 Notice of Disposition. 
 A claimant will be given a written notice in which the claimant will be advised as to whether the claim is granted or denied, in whole or in part. If a claim is denied, in whole or in part the notice will
contain: (i) the specific reasons for the denial; (ii) references to pertinent Plan provisions upon which the denial is based; (iii) a description of any additional material or information necessary to perfect the claim and an
explanation of why such material or information is necessary; and (iv) the claimant’s rights to seek review of the denial. 
 7.4 Appeals. 
 If a claim is denied, in whole or in part, the claimant, or
his duly authorized representative, has the right to (i) request that the Administrator review the denial, (ii) review pertinent documents, and (iii) submit issues and comments in writing, provided that the claimant files a written
appeal with the Administrator within sixty (60) days after the date the claimant received written notice of the denial. Within sixty (60) days after an appeal is received, the review will be made and the claimant will be advised in writing
of the decision, unless special circumstances require an extension of time for reviewing the appeal, in which case the claimant will be given written notice within the initial sixty-day (60-day) period specifying the reasons for the extension and
when the review will be completed (provided the review will be completed within one hundred and twenty (120) days after the date the appeal was filed). The decision on appeal will be forwarded to the claimant in writing and will include
specific reasons for the decision and references to the Plan provisions upon which the decision is based. A decision on appeal will be final and binding on all persons for all purposes. If a claimant’s claim for benefits is denied in whole or
in part, the claimant may file suit in a state or federal court. 

  
 -15-

 Notwithstanding the aforementioned, before the claimant may file suit in a state or
federal court, the claimant must exhaust the Plan’s administrative claims procedure set forth in this Article VI. If any such state or federal judicial or administrative proceeding is undertaken, the evidence presented will be strictly
limited to the evidence timely presented to the Administrator. In addition, any such state or federal judicial or administrative proceeding must be filed within six (6) months after the Administrator’s final decision. Any such state or
federal judicial or administrative proceeding relating to this Plan shall only be brought in the Circuit Court for Arlington County, Virginia or in the United States District Court for the Eastern District of Virginia, Alexandria Division. If
any such action or proceeding is brought in any other location, then the filing party expressly consents to the transfer of such action to the Circuit Court for Arlington County, Virginia or the United States District Court for the Eastern District
of Virginia, Alexandria Division. Nothing in this clause shall be deemed to prevent any party from removing an action or proceeding to enforce or interpret this Plan from the Circuit Court for Arlington County, Virginia to the United States
District Court for the Eastern District of Virginia, Alexandria Division.
 ARTICLE VIII 

PLAN AMENDMENTS 
 8.1 Amendment Authority. 
 The Board may, at any time and in its sole
discretion, amend, modify or terminate the Plan, including any Benefit Schedule, as the Board, in its judgment shall deem necessary or advisable. The Board may delegate its amendment authority to the Administrator or such other persons as the Board
considers appropriate. Notwithstanding the foregoing or any provision of the Plan to the contrary, the Board (or its designee) may at any time (in its sole discretion and without the consent of any Participant) modify, amend or terminate any or all
of the provisions of this Plan or take any other action, to the extent necessary or advisable to conform the provisions of the Plan with Section 409A of the Code, the regulations issued thereunder or an exception thereto, regardless of whether
such modification, amendment or termination of this Plan or other action shall adversely affect the rights of an Eligible Employee or Participant under the Plan. Termination of this Plan shall not be a distribution event under the Plan unless
otherwise permitted under Section 409A. 
 ARTICLE IX 

MISCELLANEOUS 
 9.1 Summary Plan Description. 
 To the extent the summary plan description
or any other writing communication to an Eligible Employee conflicts with this Plan, the Plan document shall control. 

  
 -16-

 9.2 Impact on Other Benefits. 

Except as otherwise provided herein, any amounts paid to a Participant under this Plan shall have no effect on the Participant’s
rights or benefits under any other employee benefit plan sponsored by the Employer; provided, however, that in no event shall any Participant be entitled to any payment or benefit under the Plan which duplicates a payment or benefit received or
receivable by the Participant under any severance plan, policy, guideline, arrangement, agreement, letter and/or other communication, whether formal or informal, written or oral sponsored by the Employer or an affiliate thereof and/or entered into
by any representative of the Employer and/or any affiliate thereof. Further, any such amounts shall not be used to determine eligibility for or the amount of any benefit under any employee benefit plan, policy, or arrangement sponsored by the
Employer or any affiliate thereof. 
 9.3 Tax Withholding. 

The Employer shall have the right to withhold from any benefits payable under the Plan or any other wages payable to a Participant an
amount sufficient to satisfy federal, state and local tax withholding requirements, if any, arising from or in connection with the Participant’s receipt of benefits under the Plan. 

9.4 No Employment or Service Rights. 
 Nothing contained in the Plan shall confer upon any Employee any right with respect to continued employment with the Employer, nor shall the Plan interfere in any way with the right of the Employer to at
any time reassign an Employee to a different job, change the compensation of the Employee or terminate the Employee’s employment for any reason. 
 9.5 Nontransferability. 
 Notwithstanding any other provision of this Plan
to the contrary, the benefits payable under the Plan may not be subject to voluntary or involuntary anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Participant or such other
person, other than pursuant to the laws of descent and distribution, without the consent of the Company. 
 9.6
Successors. 
 The Company and its affiliates shall require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company and its affiliates (taken as a whole) expressly to assume and agree to perform under the terms of the Plan in the same manner and to the same
extent that the Company and its affiliates would be required to perform if no such succession had taken place (provided that such a requirement to perform which arises by operation of law shall be deemed to satisfy the requirements for such an
express assumption and agreement), and in such event the Company and its affiliates (as constituted prior to such succession) shall have no further obligation under or with respect to the Plan. 

  
 -17-

 9.7 Headings and Captions. 

The headings and captions herein are provided for reference and convenience only. They shall not be considered as part of the Plan and
shall not be employed in the construction of the Plan. 
 9.8 Gender and Number. 

Where the context admits, words in any gender shall include any other gender, and, except where clearly indicated by the context, the
singular shall include the plural and vice-versa. 
 9.9 Nonalienation of Benefits. 

None of the payments, benefits or rights of any Participant shall be subject to any claim of any creditor of any Participant and, in
particular, to the fullest extent permitted by law, all such payments, benefits and rights shall be free from attachment, garnishment (if permitted under applicable law), trustee’s process, or any other legal or equitable process available to
any creditor of such Participant. No Participant shall have the right to alienate, anticipate, commute, plead, encumber or assign any of the benefits or payments that he or she may expect to receive under this Plan. 

9.10 Governing Law. 
 Except as otherwise preempted by the laws of the United States, this Plan shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to its conflict of
law provisions. If any provision of this Plan shall be held illegal or invalid for any reason, such determination shall not affect the remaining provisions of this Plan. 

  
 -18-

 The AES Corporation Amended and Restated Executive Severance Plan has been duly executed
by the undersigned on this 1st day of August, 2012.

  

			
	The AES Corporation
		
	By:	 	/s/ Brian A. Miller
		 	Brian A. Miller, Executive Vice President, General Counsel and Corporate Secretary

  
 -19-

 APPENDIX A 

CHIEF EXECUTIVE OFFICER 
 BENEFIT SCHEDULE 
 The Chief Executive Officer shall receive the severance benefits
outlined in the Plan document, except as otherwise modified or provided in this Benefit Schedule. 
 A. Definitions.
The following definitions apply to this Benefit Schedule and override any contrary (or duplicative) terms of the Plan as they relate to the Chief Executive Officer. 
 “Cause” means (a) the willful and continued failure by the Chief Executive Officer to substantially perform his duties with the Company (other than any such failure resulting from
the Chief Executive Officer’s incapability due to physical or mental illness or any such actual or anticipated failure after the issuance of a Notice of Termination by the Chief Executive Officer for Good Reason), after demand for substantial
performance is delivered by the Company that specifically identifies the manner in which the Company believes that the Chief Executive Officer has not substantially performed his duties, or (b) the willful engaging by the Chief Executive
Officer in misconduct which is demonstrably and materially injurious to the Company, monetarily or otherwise (including, but not limited to, conduct that constitutes a violation of Article V of the Plan). No act, or failure to act, on the Chief
Executive Officer’s part shall be considered “willful” unless done, or omitted to be done, by him not in good faith and without reasonable belief that his action or omission was in the best interest of the Company. Notwithstanding the
foregoing, the Chief Executive Officer shall not be deemed to have been terminated for Cause without (1) reasonable notice from the Board to the Chief Executive Officer setting forth the reasons for the Company’s intention to terminate for
Cause and (2) delivery to the Chief Executive Officer of a Notice of Termination, which shall include a resolution duly adopted by the affirmative vote of two-thirds or more of the Board then in office (excluding the Chief Executive Officer) at
a meeting of the Board called and held for such purpose, and at which the Chief Executive Officer, together with his counsel, is given an opportunity to be heard, finding that in the good faith opinion of the Board, the Chief Executive Officer was
guilty of the conduct and specifying the particulars thereof in detail. “Notice of Termination” shall mean a notice which shall indicate the specific termination provision relied upon in the Plan and shall set forth in reasonable detail
the facts and circumstances claimed to provide a basis for termination of the Chief Executive Officer’s employment. 

“Disability” means that the Chief Executive Officer is unable, due to physical or mental incapacity, to substantially
perform his full time duties and responsibilities for a period of six (6) consecutive months (as determined by a medical doctor selected by the Company and the Chief Executive Officer). If the parties cannot agree on a medical doctor for
purposes of such determination, each party shall select a medical doctor and the two doctors shall select a third who shall be the approved doctor for this purpose. 

  
 A-1

 “Good Reason” or “Good Reason Termination” means, without the
Chief Executive Officer’s written consent, the involuntary Separation From Service of the Chief Executive Officer due to any of the following events: (a) the failure of the Company to have any successor to all or substantially all of the
business and/or assets of the Company expressly assume and agree to perform the Plan in accordance with Section 9.6 of the Plan; (b) following a Change in Control, the relocation of the Chief Executive Officer’s principal place of
employment to a site outside of the metropolitan area of the Chief Executive Officer’s principal place of employment; (c) following a Change in Control, any material adverse change in the Chief Executive Officer’s overall
responsibilities, duties and authorities from those then in place immediately prior to such Change in Control; and (d) following a Change in Control, the failure by the Company to continue the Chief Executive Officer’s participation in a
long-term cash or equity award or equity-based grant program (or in a comparable substitute program) on a basis not materially less favorable than that provided to the Chief Executive Officer immediately prior to such Change in Control. 

For purposes of any determination regarding the existence of Good Reason following a Change in Control, any good faith claim by the Chief
Executive Officer that Good Reason exists shall be presumed to be correct unless the Company establishes by clear and convincing evidence that Good Reason does not exist. In order for the Chief Executive Officer to terminate for Good Reason,
(i) the Chief Executive Officer must notify the Board, in writing, within ninety (90) days of the event constituting Good Reason of the Chief Executive Officer’s intent to terminate employment for Good Reason, that specifically
identifies in reasonable detail the manner of the Good Reason event, (ii) the event must remain uncorrected for thirty (30) days following the date that the Chief Executive Officer notifies the Board in writing of the Chief Executive
Officer’s intent to terminate employment for Good Reason (the “Notice Period”), and (iii) the termination date must occur within sixty (60) days after expiration of the Notice Period. 

B. Separation Payments. 
 (1) Termination by Executive for Good Reason or by the Company (other than Disability, Cause or due to Death). If the Chief Executive Officer Separates From Service on account of an involuntary
termination by the Company (other than for Disability or for Cause or due to death), or the Executive Separates From Service for Good Reason, the Chief Executive Officer shall be entitled to (i) Annual Compensation through the Termination Date,
(ii) a Pro Rata Bonus (as defined below), and (iii) receive a severance payment within ten (10) days following the Chief Executive Officer’s Termination Date (or, if later, the date the Chief Executive Officer has provided a
release in accordance with Section 3.1 of the Plan), a cash lump sum payment equal to the product of (A) two (2) and (B) the sum of (1) the Chief Executive Officer’s Annual Compensation, and (2) the Chief Executive
Officer’s Bonus. 
 (2) Upon Termination due to Disability. If the Chief Executive Officer Separates
From Service on account of Disability, and subject to the execution of a release in accordance with Section 3.1 of the Plan, the Chief Executive Officer shall receive the following: (i) disability benefits in accordance with the terms of
the long-term disability program then in effect for senior executives of the Company, (ii) Annual Compensation through the Termination Date or, if earlier, the end of the month immediately preceding the month in which such disability benefits
commence, and (iii) to the extent earned and at the time bonuses are customarily paid to senior executive officers in accordance with the terms of the Performance Incentive Plan (or any successor plan), a bonus for the year in which the
Separation From 

  
 A-2

 
Service occurs equal to the Chief Executive Officer’s annual bonus for such year, multiplied by a fraction, the numerator of which is the number of days during such year that the Executive
was employed by the Company and the denominator which is 365 (the “Pro Rata Bonus”). 
 (3)
Upon Termination due to Death. If the Chief Executive Officer Separates From Service on account of death, the Chief Executive Officer shall receive (i) Annual Compensation through the Termination Date and (ii) the Pro Rata Bonus.

 C. Continuation of Certain Welfare Benefits. 

(1) If the Chief Executive Officer Separates From Service on account of an involuntary termination by the Company (other
than for Disability or for Cause or due to death), or the Chief Executive Officer Separates From Service for Good Reason, the Chief Executive Officer shall be entitled to participate in the following welfare and other benefits for the twenty-four
(24) month period immediately following the Chief Executive Officer’s Termination Date as follows: 

(a) Medical/Dental/Vision Benefits. If the Chief Executive Officer elects COBRA Continuation Coverage, he shall
continue to participate in all medical, dental and vision insurance plans he was participating in on his Termination Date. If, however, any such plan does not permit his continued participation following the end of the COBRA Continuation Period (as
defined below), then the Company will reimburse the Chief Executive Officer for the actual cost to the Chief Executive Officer of any individual health insurance policy obtained by the Chief Executive Officer. To the extent such benefits are
available under the above-referenced plans and the Chief Executive Officer had coverage immediately prior to the Separation From Service, such continuation of benefits for the Chief Executive Officer shall also cover the Executive’s dependents
for so long as the Chief Executive Officer is receiving benefits under this subsection (a). The provisions of Section 4.2.2 and 4.2.4 of the Plan shall also apply. “COBRA Continuation Period” means the continuation period for medical,
dental and vision insurance to be provided under the terms of the Plan and herein which shall commence on the first day of the calendar month following the month in which the Termination Date falls and generally shall continue for an 18-month
period. 
 (b) Outplacement Services. The Chief Executive Officer shall be eligible to receive
outplacement services, as set forth in Section 4.3 of the Plan. 
 (c) Reimbursement Limitations.
Reimbursement under subsections (a) and (b) above will be available only to the extent that (1) such expense is actually incurred for any particular calendar year and is reasonably substantiated; (2) reimbursement shall be made
no later than the end of the calendar year following the year in which such expense is incurred by the Chief Executive Officer; and (3) no reimbursement will be provided for any expense incurred following the twenty-four (24) month
anniversary of the Separation From Service or for any expense which relates to insurance coverage after such date. 
 (d) Offset. Benefits or payments otherwise received under Sections B or C hereof shall be reduced to the extent benefits of the same type are received or made available to the Chief Executive
Officer by a subsequent employer during the twenty-four (24) month period following the Termination Date (and any such benefits received or made available to the Chief Executive Officer shall be reported to the Company by the Chief Executive
Officer). 

  
 A-3

 D. Change in Control Payments. 

If the Chief Executive Officer has a Separation From Service on account of an involuntary termination by the Company (other than for
Cause or Disability or due to death), or if the Chief Executive Officer has a Separation From Service for Good Reason, in either case within two (2) years following a Change in Control, then (i) the Chief Executive Officer shall receive
the payments set forth in Section B(1) above, except that the two (2) times multiplier shall be increased to three (3) and (ii) the Chief Executive Officer shall receive the benefits set forth in Section C above except the twenty-four
(24) month benefit continuation period set forth in Section C(1)(a) and C(1)(c) above shall be increased to thirty-six (36) months. 
 E. Tax Provision. 
 (1) Notwithstanding anything in
the Plan to the contrary, in the event that it shall be determined that any compensation, payment or benefit (including any accelerated vesting of options or other equity awards) made or provided, or to be made or provided, by the Company (or any
successor thereto or affiliate thereof) to or for the benefit of the Chief Executive Officer, whether pursuant to the terms of this Plan, any other agreement, plan, program or arrangement of or with the Company (or any successor thereto or affiliate
thereof) or otherwise (a “Payment”), will be subject to the excise tax imposed by Section 4999 of the Code or any comparable tax imposed by any replacement or successor provision of United States tax law, then the Company will apply a
limitation on the Payment amount as set forth in clause (a) below (a “Parachute Cap”), unless the provisions of clause (b) below apply. 
 (a) If clause (b) does not apply, the aggregate present value of the Payments under this Plan (“Plan Payments”) shall be reduced (but not below zero) to the Reduced Amount. The
“Reduced Amount” shall be an amount expressed in present value which maximizes the aggregate present value of Plan Payments without causing any Payment to be subject to the limitation of deduction under Section 280G of the Code or the
imposition of any excise tax under Section 4999 of the Code. For purposes of this clause (a), “present value” shall be determined in accordance with Section 280G(d)(4) of the Code. In the event that it is determined that the
amount of the Plan Payments will be reduced in accordance with this clause (a), the Plan Payments shall be reduced on a nondiscretionary basis in such a way as to minimize the reduction in the economic value deliverable to the Chief Executive
Officer. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code, and where more than one payment has the same value for this purpose and they are payable at different
times, they will be reduced on a pro-rata basis. 
 (b) It is the intention of the parties that the Parachute Cap
apply only if application of the Parachute Cap is beneficial to the Chief Executive Officer. Therefore, if the net amount that would be retained by the Chief Executive Officer under this Agreement without the Parachute Cap, after payment of any
excise tax under Section 4999 of the Code or any other applicable taxes by the Chief Executive Officer, exceeds the net amount that would be retained by the Chief Executive Officer with the Parachute Cap, then the Company shall not apply the
Parachute Cap to the Chief Executive Officer’s payments. 

  
 A-4

 (2) All determinations to be made under this Section E shall be made by a
nationally recognized independent public accounting firm selected by the Company (“Accounting Firm”), which Accounting Firm shall provide its determinations and any supporting calculations to the Company and the Chief Executive Officer
within ten days of the Termination Date. Any such determination by the Accounting Firm shall be binding upon the Company and the Chief Executive Officer. 
 (3) All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section E shall be borne solely by the Company. 

F. Miscellaneous. For purposes of clarity: 

(1) The Chief Executive Officer shall not be entitled to any benefits and payments associated with an Involuntary
Termination (as defined and provided for in the Plan) and the definition of Ineligible Termination shall not apply. 
 (2) Section 2.3 of the Plan shall not apply to the Chief Executive Officer. 
 (3) Section 4.2.1 and Section 4.2.3 of the Plan shall not apply to the Chief Executive Officer. 
 (4) For the Chief Executive Officer, the Non-Competition Period under Article V of the Plan applies while the Chief Executive Officer is employed with the Company and for a period of twenty-four months
after the Termination Date. 
 The number “365” in Section 5.5(c) of the Plan, in the case of the
Chief Executive Officer, shall be replaced with “730” and the reference to “first anniversary” shall be replaced with “second anniversary”. 

  
 A-5

 APPENDIX B 

EXECUTIVE BENEFIT SCHEDULE 
 The following Executives shall receive the severance benefits outlined in this Plan, except as otherwise modified or provided in this Benefit Schedule: Edward (Ned) Hall, Brian Miller, Andrew Vesey,
Elizabeth Hackenson, Gardner Walkup, and such other Executives as approved by the Administrator and/or the Board from time to time (collectively, the “Appendix B Executives” and individually, an “Appendix B Executive”).

 A. Definitions. The following definitions apply to this Benefit Schedule and override any contrary (or
duplicative) terms of the Plan as they relate to the Appendix B Executives. If not otherwise stated in this Benefit Schedule, the terms of the Plan apply. 
 “Good Reason” or “Good Reason Termination” means, without an Appendix B Executive’s written consent, the involuntary Separation From Service (for reasons other than death,
Disability or Cause) of an Appendix B Executive due to any of the following events following a Change in Control: (a) the relocation of an Appendix B Executive’s principal place of employment to a location that is more than 50 miles from
the principal place of employment in effect immediately prior to such Change in Control; (b) a material diminution in the duties or responsibilities of an Appendix B Executive from those in place immediately prior to such Change in Control;
(c) a material reduction in the base salary or annual incentive opportunity of an Appendix B Executive from what was in place immediately prior to such Change in Control; and (d) the failure of any successor entity to the Company following
a Change in Control to assume the Plan, as in effect immediately prior to such Change in Control. 
 In order for
an Appendix B Executive to terminate for Good Reason, (i) an Appendix B Executive must notify the Board, in writing, within ninety (90) days of the event constituting Good Reason of the Appendix B Executive’s intent to terminate
employment for Good Reason, that specifically identifies in reasonable detail the manner of the Good Reason event, (ii) the event must remain uncorrected for thirty (30) days following the date that an Appendix B Executive notifies the
Board in writing of the Appendix B Executive’s intent to terminate employment for Good Reason (the “Notice Period”), and (iii) the termination date must occur within sixty (60) days after expiration of the Notice Period.

 B. Separation Payments. 

If an Appendix B Executive Separates From Service on account of an Involuntary Termination, an Appendix B Executive shall
be entitled to (i) Annual Compensation through the Termination Date, (ii) Pro Rata Bonus (as defined below), and (iii) receive a severance payment within ten (10) days following the Appendix B Executive’s Termination Date
(or, if later, the date the Appendix B Executive has provided a release in accordance with Section 3.1 of the Plan), a cash lump sum payment equal to the product of (A) one (1) and (B) the sum of (1) the Appendix B
Executive’s Annual Compensation, and (2) the Appendix B Executive’s Bonus. 

  
 B-1

 The term “Pro Rata Bonus” means, to the extent earned and at the
time bonuses are customarily paid to senior executive officers in accordance with the terms of the Performance Incentive Plan (or any successor plan), a bonus for the year in which the Separation From Service occurs equal to the respective Appendix
B Executive’s annual bonus for such year, multiplied by a fraction, the numerator of which is the number of days during such year that the Appendix B Executive was employed by the Company and the denominator which is 365. 

C. Continuation of Certain Welfare Benefits. 

(a) If an Appendix B Executive Separates From Service on account of an Involuntary Termination, the Appendix B Executive
shall be entitled to participate in the health and welfare benefits described in Section 4.2.1 of the Plan for the twelve (12) month period immediately following an Appendix B Executive’s Termination Date. 

(b) An Appendix B Executive shall be eligible to receive outplacement services, as set forth in Section 4.3 of the
Plan. 
 (c) Reimbursement under subsections (a) and (b) above, if applicable, will be available only
to the extent that (1) such expense is actually incurred for any particular calendar year and is reasonably substantiated; (2) reimbursement, if applicable, shall be made no later than the end of the calendar year following the year in
which such expense is incurred by an Appendix B Executive; and (3) no reimbursement, if applicable, will be provided for any expense incurred following the twelve (12) month anniversary of the Separation From Service or for any expense
which relates to insurance coverage after such date. 
 D. Change in Control Payments. 

If an Appendix B Executive has a Separation From Service on account of an Involuntary Termination, or if an Appendix B
Executive has a Separation From Service for Good Reason, in either case within two (2) years following a Change in Control, then (i) such Appendix B Executive shall receive the payments set forth in Section B above, except that the one
(1) times multiplier shall be increased to two (2) and (ii) such Appendix B Executive shall receive the benefits set forth in Section C above except the twelve (12) month benefit continuation period set forth in Section C(a) and
C(c) above shall be increased to eighteen (18) months. 
 E. Tax Provisions. 

(a) Notwithstanding anything in the Plan to the contrary, in the event that it shall be determined that any compensation,
payment or benefit (including any accelerated vesting of options or other equity awards) made or provided, or to be made or provided, by the Company (or any successor thereto or affiliate thereof) to or for the benefit of an Appendix B Executive,
whether pursuant to the terms of this Plan, any other agreement, plan, program or arrangement of or with the Company (or any successor thereto or affiliate thereof) or otherwise (a “Payment”), will be subject to the excise tax imposed by
Section 4999 of the Code or any comparable tax imposed by any replacement or successor provision of United States tax law, then the Company will apply a limitation on the Payment amount as set forth in clause (i) below (a “Parachute
Cap”), unless the provisions of clause (ii) below apply. 

  
 B-2

 i. If clause (ii) does not apply, the aggregate present value of the
Payments under this Plan (“Plan Payments”) shall be reduced (but not below zero) to the Reduced Amount. The “Reduced Amount” shall be an amount expressed in present value which maximizes the aggregate present value of Plan
Payments without causing any Payment to be subject to the limitation of deduction under Section 280G of the Code or the imposition of any excise tax under Section 4999 of the Code. For purposes of this clause (i), “present value”
shall be determined in accordance with Section 280G(d)(4) of the Code. In the event that it is determined that the amount of the Plan Payments will be reduced in accordance with this clause (i), the Plan Payments shall be reduced on a
nondiscretionary basis in such a way as to minimize the reduction in the economic value deliverable to the Appendix B Executive. In applying this principle, the reduction shall be made in a manner consistent with the requirements of
Section 409A of the Code, and where more than one payment has the same value for this purpose and they are payable at different times, they will be reduced on a pro-rata basis. 

ii. It is the intention of the parties that the Parachute Cap apply only if application of the Parachute Cap is beneficial
to an Appendix B Executive. Therefore, if the net amount that would be retained by an Appendix B Executive under this Agreement without the Parachute Cap, after payment of any excise tax under Section 4999 of the Code or any other applicable
taxes by an Appendix B Executive, exceeds the net amount that would be retained by an Appendix B Executive with the Parachute Cap, then the Company shall not apply the Parachute Cap to the Appendix B Executive’s payments. 

(b) All determinations to be made under this Section E shall be made by a nationally recognized independent public
accounting firm selected by the Company (“Accounting Firm”), which Accounting Firm shall provide its determinations and any supporting calculations to the Company and the Appendix B Executive within ten days of the Termination Date. Any
such determination by the Accounting Firm shall be binding upon the Company and the Appendix B Executive. 
 (c)
All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section E shall be borne solely by the Company. 

  
 B-3

 Exhibit A 

THE AES CORPORATION 
 AMENDED AND RESTATED EXECUTIVE SEVERANCE PLAN 
  

 
 Executive Acknowledgment and
Agreement 
  
  
 I hereby agree to the terms and conditions of The AES Corporation Amended and Restated Executive Severance Plan, as in effect on the date set forth below (“Plan”), including but not limited to
the post-termination restrictive covenants described in Article V of the Plan. I understand that pursuant to my agreement to be covered under the Plan, as indicated by my signature below, the terms of the Plan will exclusively govern all subject
matter addressed by the Plan and I understand that the Plan supersedes and replaces, as applicable, any and all agreements, plans, policies, guidelines or other arrangements with respect to the subject matter covered under the Plan. 

 

			
	Dated:	 	 

  

	
	EXECUTIVE
	
	  
	Name:

 THE AES CORPORATION 

AMENDED AND RESTATED EXECUTIVE SEVERANCE PLAN 
 List of Participating Employers 
 [The Administrator is required to maintain a list of
Participating Employers]*EX-10.1

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT is made and entered into as of
this 17th day of June, 2011 by and between MedAssets Services, LLC, a Delaware limited liability company (the “Company”), and Gregory A. Strobel (“Employee”). 

W I T N E S S E T H: 
 WHEREAS, the Company desires to employ Employee and to enter into an agreement embodying the terms of such employment (this “Agreement”) and Employee desires to enter into this Agreement
and to accept such employment, subject to the terms and provisions of this Agreement; 
 NOW, THEREFORE, in consideration of the
promises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the Company and Employee hereby agree as follows: 

Section 1. Definitions. 
 (a) “Accrued Obligations” shall mean (i) all accrued but unpaid Base Salary through the date of termination of Employee’s employment hereunder; (ii) any unpaid or
unreimbursed expenses incurred in accordance with Section 7 hereof, to the extent incurred prior to termination of employment; (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in
accordance with the terms therein, including rights to equity in the Company pursuant to the Company’s equity plans or grant documents thereunder; and (iv) rights to indemnification by virtue of Employee’s position as an officer or
director of the Company Group or under any indemnification agreement between Employee and the Company, and the benefits under any directors’ and officers’ liability insurance policy maintained by the Company Group, in accordance with its
terms thereof. 
 (b) “Affiliate” shall mean, as to any Person, any other Person that controls, is controlled by, or
is under common control with, such Person. 
 (c) “Annual Bonus” shall have the meaning set forth in
Section 4(b) below. 
 (d) “Base Salary” shall mean the salary, and any increase thereof, provided
for in Section 4(a) below. 
 (e) “Board” shall mean the Board of Directors of the Company. 

(f) “Cause” shall mean (i) Employee’s act(s) of gross negligence or willful misconduct in the course of
Employee’s employment hereunder that is or could reasonably be expected to be materially injurious to the Company or any other member of the Company Group, (ii) willful failure or refusal by Employee to perform in any material respect his
duties or responsibilities, (iii) misappropriation by Employee of any assets or business opportunities of the Company or any other member of the Company Group, (iv) embezzlement or fraud committed by Employee, or at his direction,
(v) Employee’s conviction by a court of competent jurisdiction of, or pleading “guilty” or “ no contest” to, a felony or any other criminal charge (other than 

 
minor traffic violations) that has, or could be reasonably expected to have, an adverse impact on the performance of Employee’s duties to the Company or any other member of the Company Group
or otherwise result in material injury to the reputation or business of the Company or any other member of the Company Group, or (vi) Employee’s breach of any material provision of this Agreement. For purposes of this definition of Cause,
no act or failure to act on the part of Employee shall be considered “willful” if it is done, or omitted to be done, by Employee in good faith and with a good faith belief that Employee’s act or omission was in the best interests of
the Company. 
 (g) “Change in Control” means: 

(i) a change in ownership or control of the Company effected through a transaction or series of transactions (other than
an offering of Stock to the general public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections
13(d) and 1 4(d)(2) of the Exchange Act), other than any other member of the Company Group or an employee benefit plan maintained by the Company or any other member of the Company Group, directly or indirectly acquires “beneficial
ownership” (within the meaning of Rule 1 3d-3 under the Exchange Act) of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of the Company’s securities outstanding immediately
after such acquisition; 
 (ii) the date upon which individuals who, as of the Commencement Date, constitute the
Board (the “Incumbent Board”), cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the
Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a person other than the Board; 
 (iii) the sale or disposition, in one or a series of related transactions,
of all or substantially all of the assets of the Company to any “person” or “group” (as such terms are defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other than the Company’s Affiliates; 

(iv) the sale or disposition, in one or a series of related transactions, of all or substantially all of the assets of
the Revenue Cycle Service Division of the Company to any “person” or “group” (as such terms are defined in Sections 13 (d)(3) and 14(d)(2) of the Exchange Act) other than any other member of the Company Group or an employee
benefit plan maintained by the Company; or 
 (v) an offering of Stock to the general public through a
registration statement filed with the Securities and Exchange Commission with respect to the Revenue Cycle Service Division of the Company as a separate entity. 

  
 -2-

 (h) “Code” shall mean the Internal Revenue Code of 1986, as amended. 

(i) “Commencement Date” shall mean March 3, 2011. 

(j) “Company” shall have the meaning set forth in the preamble hereto. 

(k) “Company Group” shall mean the Company together with any direct or indirect parent or subsidiary of the Company.

 (1) “Competitive Activities” shall mean any business activities in which the Revenue Cycle Management
segment that the Company engaged in (or had committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such
termination of employment. 
 (m) “Confidential Information” shall mean confidential or proprietary trade•
secrets, client lists, client identities and information, information regarding service providers, investment methodologies, marketing data or plans, sales plans, management organization information, operating policies or manuals, business plans or
operations or techniques, financial records or data, or other financial, commercial, business or technical information (i) relating to the Company or any other member of the Company Group, or (ii) that the Company or any other member of
the Company Group may receive belonging to suppliers, customers or others who do business with the Company or any other member of the Company Group, but shall exclude any information that is in the public domain or hereafter enters the public
domain, in each case without the breach by Employee Section 10(a) below. 
 (n) “Developments” shall have
the meaning set forth in Section 10(d) below. 
 (o) “Disability” shall mean any physical or mental
disability or infirmity that prevents the performance of Employee’s duties for a period of (i) one hundred twenty (120) consecutive days or (ii) one hundred eighty (180) non-consecutive days during any twelve (12) month
period. Any question as to the existence, extent or potentiality of Employee’s Disability upon which Employee and the Company cannot agree shall be determined by a qualified, independent physician selected by the Company and approved by
Employee (which approval shall not be unreasonably witltheld). The determination of any such physician shall be final and conclusive for all purposes of this Agreement. 
 (p) “Employee” shall have the meaning set forth in the preamble hereto. 
 (q) “Exchange Act” shall me Revenue Cycle Management Division hn the Securities Exchange Act of 1934, as amended. 

  
 -3-

 (r) “Excise Tax” shall mean any tax imposed under Section 4999 of the Code or
any similar tax that may hereafter be imposed. 
 (s) “Good Reason” shall mean, without Employee’s written
consent, (i) a material diminution in Employee’s employment duties, responsibilities or authority, or the assignment to Employee of duties that are materially inconsistent with his position; (ii) any reduction in Base Salary or target
Annual Bonus opportunity; (iii) the relocation of Employee’s principal place of employment (as provided in Section 3(c) hereof) more than fifty (50) miles from its current location; or (iv) any breach by the Company
of any material provision of this Agreement. 
 (t) “Interfering Activities” shall mean, for the first 12
months of the Restricted Period, (i) encouraging, soliciting, or inducing, or in any manner attempting to encourage, solicit, or induce, any individual employed by, or individual or entity providing consulting services to, the Company or any
other member of the Company Group to terminate such employment or consulting services; provided, that the foregoing shall not be violated by general advertising not targeted at employees or consultants of the Company or any other member of the
Company Group; (ii) hiring any individual who was employed by the Company or any other member of the Company Group within the six (6) month period prior to the date of such hiring; or (iii) encouraging, soliciting or inducing, or in
any manner attempting to encourage, solicit or induce any customer, supplier, licensee or other business relation of the Company or any other member of the Company Group to cease doing business with or materially reduce the amount of business
conducted with the Company or any other member of the Company Group, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company or any other member of the Company Group.

 “Interfering Activities” for months 13-24 of the Restricted Period shall mean, (i) encouraging, soliciting, or
inducing, or in any manner attempting to encourage, solicit, or induce, any individual employed by, or individual or entity providing consulting services to, the Revenue Cycle Services Division or to terminate such employment or consulting services;
provided, that the foregoing shall not be violated by general advertising not targeted at employees or consultants of the Revenue Cycle Services Division; (ii) hiring any individual who was employed by the Revenue Cycle Services Division within
the six (6) month period prior to the date of such hiring; or (iii) encouraging, soliciting or inducing, or in any manner attempting to encourage, solicit or induce any customer, supplier, licensee or other business relation of the Revenue
Cycle Services Division, or who became such a customer, supplier, licensee or other business relation within the six (6) month period following termination, to cease doing business with or materially reduce the amount of business conducted with
the Revenue Cycle Services Division, or in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Revenue Cycle Services Division. 

(u) “Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association,
joint-stock company, trust (charitable or non- charitable), unincorporated organization or other form of business entity. 
 (v)
“Restricted Area” shall mean any State of the United States of America or any other jurisdiction in which the Company or any other member of the Company Group engage (or have committed plans to engage) in business during the Term of
Employment, or, following termination of Employee’s employment, were engaged (or had committed plans to engage) in business at the time of such termination of employment. 

  
 -4-

 (w) “Restricted Period” shall mean the period commencing on the Commencement Date
and ending on the twenty-four month anniversary of Employee’s termination of employment hereunder for any reason. 
 (x)
“Severance Multiplier” shall mean, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination
occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2. 
 (y)
“Severance Term” shall mean, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, the period commencing on the date of such termination and extending
through a number of months thereafter determined by multiplying (x) the Severance Multiplier by (y) twelve (12) months. 
 (z) “Term of Employment” shall have the meaning ascribed to such term in Section 2 below. 
 Section 2. Acceptance and Term of Employment. 
 The Company agrees to
employ Employee and Employee agrees to serve the Company on the terms and conditions set forth herein. Subject to earlier termination pursuant to Section 8 hereof, the term of employment shall commence on the Commencement Date and shall
continue until the second anniversary of the Commencement Date (the “Initial Term”), and shall automatically extend for additional one (1) year terms thereafter (each, a “Renewal Term” and, together with the Initial
Term, the “Term of Employment”), unless either the Employee or the Company provides written notice (a “Notice of Non-Extension”) to the other party of its intention not to extend the agreement at least twelve
(12) months prior to the expiration of the Initial Term or the Renewal Term, as applicable. 
 Section 3. Position,
Duties and Responsibilities; Place of Performance. 
 (a) During the Term of Employment, Employee shall be employed and
serve as President, Revenue Cycle Services and Senior Vice President, National Revenue Cycle Services Sales (together with such other position or positions consistent with Employee’s title as the Board shall specify from time to time) and shall
have such duties typically associated with such title. Subject to the foregoing, Employee also agrees to serve, if requested by the Company at any time and from time to time, as an officer and/or director of the Company or any parent or subsidiary
of the Company, as specified by the Board, in each case without additional compensation. 
 (b) Employee shall devote his full
business time, attention, skill and best efforts to the performance of his duties under this Agreement and shall not engage in any other business or occupation during the Term of Employment, including, without limitation, any activity that
(x) conflicts with the interests of the Company or its subsidiaries, (y) interferes with the proper and efficient performance of his duties for the Company, or (z) interferes with the exercise of his judgment in the Company’s
best interests. Notwithstanding the foregoing, nothing herein shall preclude Employee from (i) serving, with the prior written consent of the Board, as a member of the board of directors or advisory boards (or their equivalents in the case

  
 -5-

 
of a non-corporate entity) of non-competing businesses and charitable organizations, (ii) engaging in charitable activities and community affairs, and (iii) managing his personal
investments and affairs; provided, however, that the activities set out in clauses (i), (ii) and (iii) shall be limited by Employee so as not to materially interfere, individually or in the aggregate, with the performance of
his duties and responsibilities hereunder. 
 (c) Employee’s principal place of employment shall be at the Company’s
office in Saddle River, New Jersey, although Employee understands and agrees that he may be required to travel from time to time in the connection with his performance of duties hereunder. 

Section 4. Compensation. During the Term of Employment, Employee shall be entitled to the following compensation: 

(a) Base Salary, Employee shall be paid an annualized Base Salary, payable in accordance with the regular payroll practices of the
Company, of not less than $275,000 subject to increase, if any, as may be approved in writing by the Chief Executive Officer of the Company or the Compensation Committee of the Board of Directors (the “Compensation Committee”), but
not to decrease from the then-current Base Salary. 
 (b) Annual Bonus. Employee shall be eligible to participate in an annual
incentive bonus plan established by the Board (or committee thereof) in respect of each fiscal year during the Term of Employment (the “Annual Bonus”), with a target Annual Bonus amount for each fiscal year of 40% of Base Salary, subject
to change, if any, as may be approved in writing by the Chief Executive Officer of the Company or the Compensation Committee. 

Section 5. Employee Benefits. 
 During the Term of Employment, Employee shall be entitled to participate in health, insurance, retirement and other perquisites and benefits generally provided to other senior executives of the Company
that are made available from time to time. Employee shall also be entitled to the same number of holidays, vacation and sick days as are generally allowed to senior executives of the Company in accordance with Company policies in effect from time to
time. 
 Section 6. “Key-Man” Insurance. 

At any time during the Term of Employment, the Company shall have the right to insure the life of Employee for the sole benefit of the
Company, in such amounts, and with such terms, as it may determine. All premiums payable thereon shall be the obligation of the Company. Employee shall have no interest in any such policy, but agrees to reasonably cooperate with the Company in
taking out such insurance by submitting to physical examinations, supplying all information reasonably required by the insurance company, and executing all necessary documents, provided that no financial obligation or liability is imposed on
Employee by any such documents. 
 Section 7. Reimbursement of Business Expenses. 

Employee is authorized to incur reasonable business expenses in carrying out his duties and responsibilities under this Agreement and the
Company shall promptly reimburse him for all such reasonable business expenses incurred in connection with carrying out the business of the Company, subject to documentation in accordance with the Company’s policy, as in effect from time to
time. 

  
 -6-

 Section 8. Termination of Employment. 

(a) General. The Term of Employment shall terminate upon the earliest to occur of (i) Employee’s death, (ii) a termination
by reason of a Disability, (iii) a termination by the Company with or without Cause, (iv) a termination by Employee with or without Good Reason, or (v) expiration of the Term of Employment in accordance with Section 2 above. Upon
any termination of Employee’s employment for any reason, except as may otherwise be requested by the Company in writing and agreed upon in writing by Employee, Employee shall resign from any and all directorships, committee memberships or any
other positions Employee holds with the Company or any other member of the Company Group. Regardless of any other term in this Agreement that conflicts or may seem to conflict: the payment (or commencement of a series of payments) under this
Agreement of any nonqualified deferred compensation (within the meaning of Section 409A of the Code) upon termination of Employee’s employment shall be delayed until such time as Employee has also undergone a “separation from
service” as defined in Treas. Reg. l.409A-l(h), at which time any applicable nonqualified deferred compensation (calculated as of the date of Employee’s termination of employment) shall be paid (or commence to be paid) to Employee on the
schedule set forth in this Section 8, as if Employee had undergone termination of employment (under the same circumstances) on the date of his ultimate “separation from service.” 

(b) Termination Due to Death or Disability. Employee’s employment shall terminate automatically upon his death. The Company
may terminate Employee’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Employee’s receipt of written notice of such termination. In the event Employee’s employment is terminated due
to his death or Disability, Employee or his estate or his beneficiaries, as the case may be, shall be entitled to: 
 (i) the Accrued Obligations; 
 (ii) any unpaid Annual Bonus in
respect to any completed fiscal year which has ended prior to the date of such termination, such amount to be paid at the same time it would otherwise be paid to Employee had no such termination occurred, but in no event later than two and one-half
months following the end of the fiscal year to which the Annual Bonus relates; 
 (iii) a pro rata Annual Bonus
(determined using the target Annual Bonus if such termination occurs during the fiscal year in which the Commencement Date falls, and using the Annual Bonus paid or payable for the immediately prior fiscal year for terminations after the fiscal year
in which the Commencement Date falls) based on the number of days elapsed from the commencement of such fiscal year through and including the date of such termination, such amount to be paid within five (5) business days of such
termination; and 
 Except as set forth in this Section 8(b), following Employee’s termination by reason of his death or Disability,
Employee shall have no further rights to any compensation or any other benefits under this Agreement. 
 (c) Termination by
the Company for Cause. 
 (i) A termination for Cause shall not take effect unless the provisions of this
subsection (i) are complied with. Employee shall be given not less than thirty (30) days written notice by the Board of the intention to terminate his employment for Cause, such notice to state in detail the particular act or acts or
failure or failures to act that constitute the grounds on which the proposed termination for Cause is based. Employee 

  
 -7-

 
shall have thirty (30) days after the date that such written notice has been given to Employee in which to cure such act or acts or failure or failures to act, to the extent such cure is
possible. If he fails to cure such act or acts or failure or failures to act, the termination shall be effective on the date immediately following the expiration of the thirty (30) day notice period. If cure is not possible, the termination
shall be effective on the date of receipt of such notice by Employee. During any cure period provided hereunder, the Board may, in its sole and absolute discretion, prohibit Employee from entering the premises of the Company (or any subsidiary
thereof) or otherwise performing his duties hereunder, and any such prohibition shall in no event constitute an event pursuant to which Employee may terminate employment with Good Reason; provided, however, that if cure is possible,
and Employee can reasonably demonstrate to the Board that he desires to enter the premises of the Company (or a subsidiary thereof) or to otherwise perform his duties hereunder solely to attempt to cure the act or acts or failure or failures to act
that constitute the grounds on which the proposed termination for Cause is based, Employee shall be permitted to enter the premises of the Company (or a subsidiary thereof) or otherwise to perform his duties hereunder solely for the purposes of
curing such act or acts or failure or failures to act. 
 (ii) In the event the Company terminates Employee’s employment
for Cause, Employee shall be entitled to: 
  

	 	(A)	the Accrued Obligations; and 

  

	 	(B)	any unpaid Annual Bonus in respect to any completed fiscal year which has ended prior to the date of such termination, such amount to be paid at the same time it would
otherwise be paid to Employee had no such termination occurred, but in no event later than two and one-half months following the end of the fiscal year to which the Annual Bonus relates. 

Following such termination of Employee’s employment for Cause, except as set forth in this Section 8(c)(ii), Employee shall have no further
rights to any compensation or any other benefits under this Agreement. 
 (d) Termination by the Company without Cause.
The Company may terminate Employee’s employment at any time without Cause, effective upon Employee’s receipt of written notice of such termination. In the event Employee’s employment is terminated by the Company without Cause (other
than due to death or Disability), Employee shall be entitled to the following, subject to adjustment under Section 8(i) below: 
 (i) the Accrued Obligations; 
 (ii) any unpaid Annual Bonus
in respect to any completed fiscal year which has ended prior to the date of such termination, such amount to be paid at the same time it would otherwise be paid to Employee had no such termination occurred, but in no event later than two and
one-half months following the end of the fiscal year to which the Annual Bonus relates; 
 (iii) an amount equal
to the Severance Multiplier multiplied by the sum of Employee’s Base Salary plus target Annual Bonus amount for the fiscal year during which such termination occurs, such amount to be payable in substantially equal installments during the
Severance Term, in accordance with the Company’s regular payroll practices; 

  
 -8-

 (iv) an additional amount equal to $45,000; and 

(v) notwithstanding any provision of any equity plan of the Company or applicable equity grant agreement to the contrary,
all equity awards that have not otherwise vested shall vest, and applicable restrictions shall lapse, immediately upon such termination. 
 For
purposes of this subsection (d) only, the delivery of a Notice of Non-Extension by the Company to Employee during the two (2) year period following a Change in Control shall be deemed to constitute a termination without Cause, such that
upon receipt of such Notice of Non- Extension by Employee, Employee shall be deemed to have waived the required notice period set forth in Section 2 above, and Employee’s employment hereunder shall be deemed to have been terminated without
Cause as of the date of receipt of such notice. 
 Notwithstanding the foregoing, the payments and benefits described in subsections
(ii) through (iv) above shall immediately cease, and the Company shall have no further obligations to Employee with respect thereto, in the event that Employee breaches any provision of Section 10 hereof. Following such termination of
Employee’s employment by the Company without Cause, except as set forth in this Section 8(d), Employee shall have no further rights to any compensation or any other benefits under this Agreement. 

(e) Termination by Employee with Good Reason. Employee may terminate his employment with Good Reason by providing the Company
thirty (30) days’ written notice setting forth with reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such
event. During such thirty (30) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the date immediately following the expiration of the
thirty (30) day notice period, and Employee shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Employee’s right to any such payments and benefits
shall be subject to the same terms and conditions as described in Section 8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no
further rights to any compensation or any other benefits under this Agreement. 
 (f) Termination by Employee without Good
Reason. Employee may terminate his employment without Good Reason by providing the Company thirty (30) days’ written notice of such termination. In the event of a termination of employment by Employee without Good Reason, Employee
shall be entitled to the same payments and benefits as provided in Section 8(c) above for a termination for Cause. In the event of termination of Employee’s employment under this Section 8(f), the Company may, in its sole and absolute
discretion, by written notice accelerate such date of termination and still have it treated as a termination without Good Reason. Following such termination of Employee’s employment by Employee without Good Reason, except as set forth in this
Section 8(f), Employee shall have no further rights to any compensation or any other benefits under this Agreement. 
 (g)
Expiration of Term of Employment. In the event that the Term of Employment expires following delivery by the Company to the Employee of Notice of Non- Extension, then Employee shall be entitled, upon separation from employment, to the same
Severance Benefits as if Employee’s employment had been terminated by the 

  
 -9-

 
Company without Cause. These Severance Benefits, which are described in Section 8(d), become due and payable if and only if Employee’s employment is actually terminated pursuant to a
Notice of Non- Extension. Under no circumstances will any severance benefits be paid to Employee while Employee remains employed with the Company. 
 (h) Release. Regardless of any provision in this Agreement that conflicts or may seem to conflict: payment of any amount or provision of any benefit pursuant to subsection (b), (d), (e), or (g) of
this Section 8 (other than the Accrued Obligations) (collectively the “Severance Benefits”) shall be conditioned upon Employee’s execution, delivery to the Company, and non-revocation of a release of claims in favor of the
Company and its affiliates and related parties in such form as is reasonably required by the Company and consistent with the terms of this Agreement (the “Release of Claims”), and also conditioned upon the expiration of any revocation
period allowed under the Release of Claims, within 60 days following the date of termination of Employee’s employment. The Company shall provide such Release of Claims to Employee within five (5) days of the date of termination of
Employee’s employment. If Employee fails to execute the Release of Claims in a manner that is sufficiently timely so as to permit any revocation period to expire prior by the end of this 60-day period, or timely revokes his or her acceptance of
the Release of Claims, then Employee shall not be entitled to any Severance Benefits. Further, to the extent that any of the Severance Benefits constitutes “nonqualified deferred compensation” for purposes of Section 409A of the
Federal Tax Code, any payment of any amount, and the provision of any benefit otherwise scheduled to occur prior to the 6O day following the date of termination of Employee’s employment (but for the condition on executing the Release of Claims)
shall not be made until the first regularly scheduled payroll date following the 60th day. Then after that 60th day, any remaining Severance Benefits shall be provided to Employee according to the applicable schedule set forth in this Agreement. For
the avoidance of doubt: in the event of a termination due to Employee’s death or Disability, Employee’s obligations herein to execute and not revoke the Release of Claims may be satisfied on his or her behalf and by his or her estate or a
person having legal power of attorney over his or her affairs. 
 (i) Modified Cutback. If any payment, benefit or distribution
of any type to or for the benefit of Employee, whether paid or payable, provided or to be provided, or distributed or distributable pursuant to the terms of this Agreement or otherwise (collectively, the “Parachute Payments”)
would subject Employee to the Excise Tax, the Parachute Payments shall be reduced so that the maximum amount of the Parachute Payments (after reduction) shall be one dollar ($1) less than the amount which would cause the Parachute Payments
to be subject to the Excise Tax; provided that the Parachute Payments shall only be reduced to the extent the after-tax value of amounts received by Employee after application of the above reduction would exceed the after-tax value of the
amounts received without application of the reduction. For this purpose, the after-tax value of an amount shall be determined taking into account all federal, state, and local income, employment, and excise taxes applicable to the amount.

 Subject to the next sentence, the Company shall reduce or eliminate the Parachute Payments by first reducing or eliminating any cash
severance benefits (with the payments to be made furthest in the future being reduced first), then by reducing or eliminating any accelerated vesting of performance-based stock options or substantially similar awards, then by reducing
or eliminating any accelerated vesting of performance-based restricted stock awards or substantially similar awards, then by reducing or eliminating any accelerated vesting of service-based stock options or substantially similar awards,
then by reducing or eliminating any accelerated vesting of service- based restricted stock awards or 

  
 -10-

 
substantially similar awards, then by reducing or eliminating any other remaining Parachute Payments; provided, that no such reduction or elimination shall apply to any
non-qualified deferred compensation amounts (within the meaning of Section 409A) to the extent such reduction or elimination would accelerate or defer the timing of the payment in maimer that does not comply with Section 409A. If a
reduction or elimination of any Parachute Payments is required, Employee may change the order in which the Parachute Payments are reduced or eliminated by giving prior written notice to the Company, if such notice is consistent with the requirements
of Section 409A to avoid the imputation of any tax, penalty or interest thereunder. 
 An initial determination as to whether (i) any
of the Parachute Payments received by Employee in connection with the occurrence of a Change in Control shall be subject to the Excise Tax, and (ii) the amount of any reduction, if any, that may be required under this Section 8(i) shall be
made by an independent accounting firm selected by the Company and reasonably acceptable to Employee (the “Accounting Firm”) prior to the consummation of the Change in Control. The Employee shall be furnished with notice of
all determinations made as to the Excise Tax payable with respect to Employee’s Parachute Payments, together with the related calculations of the Accounting Firm, promptly after the determinations and calculations have been received by the
Company. 
 For purposes of this Section 8(i): 
 (i) no portion of the Parachute Payments, the receipt or enjoyment of which the Employee shall have effectively waived in writing prior to the date of payment of the Parachute Payments, shall be taken
into account; 
 (ii) no portion of the Parachute Payments shall be taken into account which in the opinion of the Accounting
Firm does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Federal Tax Code; 

(iii) the Parachute Payments shall be reduced only to the extent necessary so that the Parachute Payments (other than those referred to
in the immediately preceding clause (i) or (ii)) in their entirety constitute reasonable compensation for services actually rendered within the meaning of Section 280G(b)(4) of the Federal Tax Code or are otherwise not subject to
disallowance as deductions, in the opinion of the Accounting Firm; and 
 (iv) the value of any non-cash benefit or any deferred
payment or benefit included in the Parachute Payments shall be determined by the Accounting Firm based on Sections 280G and 4999 of the Federal Tax Code, or on substantial authority within the meaning of Section 6662 of the Federal Tax Code.

 Section 9. Additional Payments. No additional payments are contemplated under this Agreement. 

Section 10. Restrictive Covenants. Employee acknowledges and agrees that (A) the agreements and covenants contained in
this Section 10 are (i) reasonable and valid in geographical and temporal scope and in all other respects, and (ii) essential to protect the value of the Company’s business and assets, and (B) by his employment with the
Company, Employee will obtain knowledge, contacts, know-how, training and experience and there is a substantial probability that such knowledge, know-how, contacts, training and experience could be used to the substantial advantage of a competitor
of the Company and to the Company’s substantial detriment. For purposes of this Section 10, references to the Company shall be deemed to include its subsidiaries. 

  
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 (a) Confidential Information. At any time during and after the end of the Term of
Employment, without the prior written consent of the Board, except to the extent required by an order of a court having jurisdiction or under subpoena from an appropriate government agency, in which event, Employee shall, to the extent legally
permitted, consult with the Board prior to responding to any such order or subpoena, and except as he in good faith believes necessary or desirable in the performance of his duties hereunder, Employee shall not disclose to or use for the benefit of
any third party any Confidential Information. 
 (b) Non-Competition. Employee covenants and agrees that for the first 12
months of the Restricted Period, Employee shall not, directly or indirectly, individually or jointly, own any interest in, operate, join, control or participate as a partner, director, principal, officer, or agent of, enter into the employment of,
act as a consultant to, or perform any services for any Person (other than the Company or any other member of the Company Group), that engages in any Competitive Activities within the Restricted Area. Notwithstanding anything herein to the contrary,
this Section 10(b) shall not prevent Employee from acquiring as aninvestment securities representing not more than three percent (3%) of the outstanding voting securities of any publicly-held corporation or from being a passive investor in
any mutual fund, hedge fund, private equity fund or similar pooled account so long as Employee’s interest therein is less than three percent (3%) and he has no role in selecting or managing investments thereof. 

(c) Non-Interference. During the Restricted Period, Employee shall not, directly or indirectly, for his own account or for the account of
any other Person, engage in Interfering Activities. 
 (d) Return of Documents. In the event of the termination of
Employee’s employment for any reason, Employee shall deliver to the Company all of (i) the property of the Company, and (ii) the documents and data of any nature and in whatever medium of the Company, and he shall not take with him
any such property, documents or data or any reproduction thereof, or any documents containing or pertaining to any Confidential Information. 
 (e) Works for Hire. Except as may be set forth on Exhibit A, Employee agrees that the Company shall own all right, title and interest throughout the world in and to any and all inventions, original works
of authorship, developments, concepts, know-how, improvements or trade secrets, whether or not patentable or registrable under copyright or similar laws, which Employee may solely or jointly conceive or develop or reduce to practice, or cause to be
conceived or developed or reduced to practice during the Term of Employment, whether or not during regular working hours, provided they either (i) relate at the time of conception or development to the actual or demonstrably proposed business
or research and development activities of any member of the Company Group; (ii) result from or relate to any work performed for the Company or any member of the Company Group; or (iii) are developed through the use of Confidential
Information and/or Company resources or in consultation with any personnel of the Company or any other member of the Company Group (collectively referred to as “Developments”). Employee hereby assigns all right, title and interest
in and to any and all of these Developments to the Company, Employee agrees to assist the Company, at the Company’s expense, to further evidence, record and perfect such assignments, and to perfect, obtain, maintain, enforce, and defend any
rights specified to be so owned or assigned. Employee hereby irrevocably designates and appoints the Company and its agents as attorneys-in-fact to act for and on Employee’s behalf to execute and file any document and to do all other lawfully
permitted acts 

  
 -12-

 
to further the purposes of the foregoing with the same legal force and effect as if executed by Employee. In addition, and not in contravention of any of the foregoing, Employee acknowledges that
all original works of authorship which are made by him (solely or jointly with others) within the scope of employment and which are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright
Act (17 USC Sec. 101). To the extent allowed by law, this includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights.” To the extent Employee retains any
such moral rights under applicable law, Employee hereby waives such moral rights and consents to any action consistent with the terms of this Agreement with respect to such moral rights, in each case, to the full extent of such applicable law.
Employee will confirm any such waivers and consents from time to time as requested by the Company. 
 (f) Blue Pencil. If
any court of competent jurisdiction shall at any time deem the duration or the geographic scope of any of the provisions of this Section 10 unenforceable, the other provisions of this Section 10 shall nevertheless stand and the duration
and/or geographic scope set forth herein shall be deemed to be the longest period and/or greatest size permissible by law under the circumstances, and the parties hereto agree that such court shall reduce the time period and/or geographic scope to
permissible duration or size. 
 Section 11. Breach of Restrictive Covenants. 

Without limiting the remedies available to the Company, Employee acknowledges that a breach of any of the covenants contained in
Section 10 hereof may result in material irreparable injury to the Company Group for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of such a breach
or threat thereof, the Company shall be entitled to obtain a temporary restraining order and/or a preliminary or permanent injunction, without the necessity of proving irreparable harm or injury as a result of such breach or threatened breach of
Section 10 hereof, restraining Employee from engaging in activities prohibited by Section 10 hereof or such other relief as may be required specifically to enforce any of the covenants in Section 10 hereof. Notwithstanding any other
provision to the contrary, the Restricted Period shall be tolled during any period of violation of any of the covenants in Section 10 (b) or (c) hereof and during any other period required for litigation during which the Company seeks
to enforce such covenants against Employee if it is ultimately determined that Employee was in breach of such covenants. 

Section 12. Representations and Warranties of Employee. 

Employee represents and warrants to the Company that: 
 (a) Employee’s employment will not conflict with or result in his breach of any agreement to which he is a party or otherwise may be bound; 

(b) Employee has not violated, and in connection with his employment with the Company will not violate, any non-solicitation,
non-competition or other similar covenant or agreement of a prior employer by which he is or may be bound; and 
 (c) In
connection with Employee’s employment with the Company, he will not use any confidential or proprietary information that he may have obtained in connection with employment with any prior employer. 

  
 -13-

 Section 13. Indemnification 

Subject to the terms and conditions of the Articles of Association and By-Laws of the Company (in each case, as in effect from time to
time), the Company agrees to indemnify and hold Employee harmless to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission. In connection therewith, Employee shall be entitled to
the protection of any insurance policies which the Company elects to maintain generally for the benefit of the Company’s directors and officers, against all costs, charges and expenses whatsoever incurred or sustained by Employee in connection
with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director, officer or employee of the Company. This provision shall survive any termination of Employee’s employment hereunder.

 Section 14. Taxes. 
 The Company may withhold from any payments made under this Agreement all applicable taxes, including but not limited to income, employment and social insurance taxes, as shall be required by law. Employee
acknowledges and represents that the Company has not provided any tax advice to him in connection with this Agreement and that he has been advised by the Company to seek tax advice from his own tax advisors regarding this Agreement and payments that
may be made to him pursuant to this Agreement, including specifically, the application of the provisions of Section 409A of the Code to such payments. 
 Section 15. Mitigation; Set Off. 
 The Company’s obligation to
pay Employee the amounts provided and to make the arrangements provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Employee to the Company or its Affiliates. Employee shall not be required to mitigate the
amount of any payment provided for pursuant to this Agreement by seeking other employment or otherwise and the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of
Employee’s other employment or otherwise. 
 Section 16. Delay in Payment. 

Notwithstanding any provision in this Agreement to the contrary: 

(a) Any payment otherwise required to be made hereunder to the Employee at any date as a result of the termination of Employee’s
employment shall be delayed for any period of time as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of the Code (the “Delay Period”). On the first business day following the expiration o the Delay Period,
Employee shall be paid, in a single cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence, and any remaining payments not so delayed shall continue to be paid pursuant to the payment
schedule set forth in this Agreement; 
 (b) Each payment in a series of payments hereunder shall be deemed to be a separate
payment for purposes of Section 409A of the Code; and 
 (c) To the extent that any right to reimbursement of expenses or
payment of any benefit in-kind under this Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code): (i) the Company shall make any such expense reimbursement no later than the last day of
the taxable year 

  
 -14-

 
following the taxable year in which Employee incurred the applicable expense, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another
benefit, and (iii) the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year;
provided that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the arrangement is
in effect. 
 Section 17. Successors and Assigns; No Third-Party Beneficiaries. 

(a) The Company. This Agreement shall inure to the benefit of and be enforceable by, and may be assigned by the Company to, any
purchaser of all or substantially all of the Company’s business or assets or any successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise). The Company will require in a writing delivered to Employee
that any such purchaser, successor or assignee to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such purchase, succession or assignment had taken
place. The Company may make no other assignment of this Agreement or its obligations hereunder. 
 (b) Employee.
Employee’s rights and obligations under this Agreement shall not be transferable by Employee by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Employee shall die, all amounts
then payable to Employee hereunder shall be paid in accordance with the terms of this Agreement to Employee’s devisee, legatee or other designee or, if there be no such designee, to Employee’s estate. 

(c) No Third-Party Beneficiaries. Except as otherwise set forth in Section 8(b) or Section 17(b) hereof, nothing
expressed or referred to in this Agreement will be construed to give any Person other than the Company and Employee any legal or equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement. 

Section 18. Waiver and Amendments. 
 Any waiver, alteration, amendment or modification of any of the terms of this Agreement shall be valid only if made in writing and signed by each of the parties hereto; provided, however,
that any such waiver, alteration, amendment or modification is consented to on the Company’s behalf by the Board. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any
subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing waiver. 
 Section 19. Severability. 
 If any covenants or other provisions of this
Agreement are found to be invalid or unenforceable by a final determination of a court of competent jurisdiction: (a) the remaining terms and provisions hereof shall be unimpaired, and (b) the invalid or unenforceable term or provision
hereof shall be deemed replaced by a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision hereof. 

  
 -15-

 Section 20. Governing Law. 

THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW JERSEY (WITHOUT GIVING EFFECT TO THE
CHOICE OF LAW PRINCIPLES THEREOF) APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. All actions and proceedings arising out of or relating to this Agreement shall be heard and determined in any New Jersey state or federal
court, and the parties hereto hereby consent to the jurisdiction of such courts in any such action or proceeding. 

Section 21. Notices. 
 (a) Every notice or other communication relating to this Agreement shall be in writing, and shall be mailed to or delivered to the party for whom it is intended at such address as may from time to time be
designated by it in a notice mailed or delivered to the other party as herein provided, provided that, unless and until some other address be so designated, all notices or communications by Employee to the Company shall be mailed or delivered to the
Company at its principal executive office, and all notices or communications by the Company to Employee may be given to Employee personally or may be mailed to Employee at Employee’s last known address, as reflected in the Company’s
records. 
 (b) Any notice so addressed shall be deemed to be given: (i) if delivered by hand, on the date of such
delivery; (ii) if mailed by courier or by overnight mail, on the first business day following the date of such mailing; and (iii) if mailed by registered or certified mail, on the third business day after the date of such mailing.

 Section 22. Section Headings. 
 The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part thereof, affect the meaning or interpretation of this
Agreement or of any term or provision hereof. 
 Section 23. Entire Agreement. 

This Agreement constitutes the entire understanding and agreement of the parties hereto regarding the employment of Employee. This
Agreement supersedes all prior negotiations, discussions, correspondence, communications, understandings and agreements between the parties relating to the subject matter of this Agreement. But, as a limited exception, nothing in this
Section 23 modifies or otherwise supersedes the “Operational Bonus” terms and conditions set forth in the December 14, 2010 offer letter from John Bardis to Employee, the terms of which Employee accepted by countersignature.

 Section 24. Survival of Operative Sections. 

Upon any termination of Employee’s employment, the provisions of Section 8 through Section 25 of this Agreement (together
with any related definitions set forth in Section 1 hereof) shall survive to the extent necessary to give effect to the provisions thereof. 
 Section 25. Counterparts. 
 This Agreement may be executed in
two or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature. 

  
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 [Signatures to appear on the following page.] 

  
 -17-

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written. 
  

	
	MedAssets Services, LLC
	
	 /s/ Jonathan H. Glenn

	By: Jonathan H. Glenn
	Title: Executive Vice President, Chief
	Legal and Administrative Officer
	
	EMPLOYEE
	
	 /s/ Gregory A. Strobel

	Gregory A. Strobel

  
 -18-

 EXHIBIT A 
 None. 

  
 -19-

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