Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.22

NINTH AMENDMENT TO THE

DYNEGY MIDWEST GENERATION, INC. 401(k) SAVINGS PLAN

FOR EMPLOYEES COVERED UNDER A COLLECTIVE BARGAINING

AGREEMENT

WHEREAS, Dynegy Inc., a Delaware corporation (“Dynegy”), maintains the Dynegy Midwest
Generation, Inc. 

401(k) Savings Plan for Employees Covered Under a Collective Bargaining Agreement
(the “Plan”) for the benefit of the eligible employees of certain participating companies; and

WHEREAS, Dynegy desires to amend the Plan to (i) add certain provisions of the Pension
Protection Act of 2006 relating to Roth 401(k) contributions, nonspouse beneficiary rollovers and
Roth IRA rollovers; and (ii) add certain provisions relating to a class action settlement account.

NOW, THEREFORE, BE IT RESOLVED that the Plan shall be, and hereby is, amended as follows,
effective as provided below:

I.

Effective January 1, 2007 and effective January 1, 2008 with respect to the addition of the
Roth Account, Section 1.1(l) of the Plan is amended in its entirety to provide as follows:

“(1) Account(s): A Participant’s After-Tax Account, Before-Tax Account, Employer
Contribution Account, Rollover Contribution Account, Catch-Up Contribution Account,
TRASOP Transfer Account, Class Settlement Account, and/or Roth Account, including the
amounts credited thereto.”

II.

Effective
January 1, 2007, a new Section 1.1(7B) is added to the Plan to provide as
follows:

“(7B) Class Settlement. Account: A separate account established for each person
who is an Allocation Participant (as defined below) that is credited by the Trustee with the
respective restorative payment awarded to such Allocation Participant pursuant to the
Stipulation and Agreement of Settlement approved by the United States District Court for the
Southern District of Texas, Houston Division, in the matter of In re Dynegy Inc. Securities
Litigation, Civil Action No. 
H-02-1571. For purposes of this Section 1.1(7B), the term
“Allocation Participant” shall mean each Participant and former Participant and each
beneficiary (or alternate payee) of a Participant or former Participant who is within the
Settlement Class as defined in the Stipulation and Agreement of Settlement and who shall be
deemed to be a Participant or beneficiary (or alternate payee) under the Plan to the extent
necessary or appropriate, including, but not limited to, with respect to the unclaimed
benefit provisions under Article IX of the Plan. The amounts credited to a Class Settlement
Account shall be fully vested. If the Trustee receives settlement proceeds in the form of
Company Stock to be allocated to the Class Settlement Account of each Allocation
Participant, such Company Stock shall be invested in the Company
Stock Fund until the Allocation Participant directs to change such investment pursuant to Section
5.3(c).

 

 

 

If the Trustee receives cash settlement proceeds to be
allocated to the Class Settlement
Account of each Allocation Participant, during the period prior to such allocation, such settlement
proceeds shall be invested in the Vanguard Prime Money Market Fund. Notwithstanding the provisions
of Section 5.3(a) of the Plan, cash settlement proceeds in the Class Settlement Account of each
Allocation Participant shall be invested in accordance with paragraph (A) or (B) below, as
applicable, until the Allocation Participant directs to change such investment pursuant to Section
5.3(c):

(A)   If an Allocation Participant is an Eligible Employee with an existing Account balance in
the Plan and is either currently contributing to the Plan or previously contributed to the Plan,
such Allocation Participant’s cash settlement proceeds in the Class Settlement Account shall be
invested in accordance with such Allocation Participant’s most recent investment direction for
contributions to the Plan; or

(B)   If an Allocation Participant is not described in paragraph (A) above, the cash proceeds in
the Class Settlement Account of such Allocation Participant shall be invested in the appropriate
Investment Fund set forth below as determined on the basis of the age of the Allocation
Participant, unless such Allocation Participant is the beneficiary (or alternate payee) of a
Participant or former Participant, in which case the attained age of such Participant or former
Participant, whether or not deceased, shall be used instead of the age of the Allocation
Participant:

	 	 	 
	 	 	Age of Participant or Former
	Fund Name	 	Participant
	 
	 	 
	Vanguard Target Retirement Income Fund

	 	Ages 65 or older
	 
	 	 
	Vanguard Target Retirement 2005 Fund

	 	Ages 60 to 64
	 
	 	 
	Vanguard Target Retirement 2015 Fund

	 	Ages 50 to 59
	 
	 	 
	Vanguard Target Retirement 2025 Fund

	 	Ages 40 to 49
	 
	 	 
	Vanguard Target Retirement 2035 Fund

	 	Ages 30 to 39
	 
	 	 
	Vanguard Target Retirement 2045 Fund

	 	Up to Age 29

 

2

 

III.

Effective
January 1, 2008, Section 1.1(17) of the Plan is amended by adding a sentence at the
end thereof to provide as follows:

“Notwithstanding the previous sentence, Distributee shall also include a nonspouse
beneficiary, but only with regard to the interest of such individual under the Plan.”

IV.

Effective
January 1, 2008, Section 1.1(20) of the Plan is amended in its entirety to
provide as follows:

“(20)   Eligible Retirement Plan: Any of (A) an individual retirement account
described in Section 408(a) of the Code, (B) an individual retirement annuity described in
Section 408(b) of the Code, (C) an annuity plan described in Section

403(a) of the Code, (D)
a qualified plan described in Section 401(a) of the Code, which under its provisions does,
and under applicable law may, accept a Distributee’s Eligible Rollover Distribution, (e) an
annuity contract described in Section
 403(b) of the Code, (F) an eligible plan under Section
457(b) of the Code which is maintained by a state, political subdivision of a state, or
agency or instrumentality of a state or political subdivision of a state and which agrees to
separately account for the amounts transferred into such plan from
the Plan, and (g) a Roth IRA described in Section 408A(b) of the Code. The definition of Eligible Retirement Plan
shall also apply in the case of a distribution to a surviving spouse or to a spouse or
former spouse who is an alternate payee under a qualified domestic relations order, as
defined in Section 414(p) of the Code.

Notwithstanding the foregoing, in the case of an Eligible Rollover Distribution to a
beneficiary who is a designated beneficiary as defined in Section 401(a)(9)(E) of the Code
and is not a surviving spouse, an Eligible Retirement Plan is an individual retirement
account or individual retirement annuity that is treated as an inherited account under
Section 402(c)(l1) of the Code.”

V.

Effective January 1, 2008, Section 1.1 of the Plan is hereby amended by inserting new
subsections (43) and (44) and renumbering the subsequent subsections accordingly to provide as
follows:

“(43)   Roth Account: An individual account for each Participant that is credited
with Roth Contributions, if any, made by the Employer on such Participant’s behalf.
Such Account shall also be adjusted to reflect changes in value as provided in Section
4.3.

“(44)   Roth Contributions: Contributions made by a Participant
pursuant to Section 3.12.”

 

3

 

VI.

Effective
January 1, 2008, Section 3.3 of the Plan is hereby amended by adding a new subsection
(e) to provide as follows:

“(e) Notwithstanding the preceding provisions of this Section 3.3, Roth Contributions
shall be eligible for Employer Matching Contributions in the same manner and amount as
Before-Tax Contributions.”

VII.

Effective January 1, 2008, Section 3.8 of the Plan is hereby amended by adding a new
subsection (f) to provide as follows:

“(f) Notwithstanding the preceding provisions of this Section 3.8, on and after January
1, 2008, Roth Contributions shall be distributed under this Section 3.8 prior to Before-Tax
Contributions, but in the same manner as would otherwise be applicable to Before-Tax
Contributions.”

VIII.

Effective January 1, 2008, Section 3.9 of the Plan is hereby amended by adding a new
subsection (d) to provide as follows:

“(d) The Plan shall accept Roth 401 (k) contributions as Rollover Contributions.”

IX.

Effective
January 1, 2008, Section 3.10 of the Plan is hereby amended by adding a
sentence at the end thereof to provide as follows:

“Any Catch-Up Contribution made as a Roth Contribution under Section 3.12 shall be treated
as a Roth Contribution for purposes of allocation, distribution and investment.”

X.

Effective
January 1, 2008, a new Section 3.12 is hereby added to the Plan to provide as
follows:

“3.12 Roth Contributions. Each Participant may elect to have some or all of his
or her Before-Tax Contribution, as a whole percentage of Compensation, and some or all of
any Catch-Up Contribution, contributed to the Plan as a Roth
Contribution. A Roth Contribution
means any Before-Tax Contribution that is (1) designated irrevocably by the Participant at
the time of execution of the applicable payroll deduction authorization form supplied by
the Employer as a Roth Contribution; (2) treated by the Employer as included in the
Participant’s income at the time the Participant would have received the amount in cash if
the Participant had not made the election with respect to such Roth Contribution so that
the Roth Contribution shall be wages subject to applicable withholding
requirements; and (3) maintained by the Plan in a separate, designated Roth Account. Roth
Contributions shall be subject to the same dollar limits and nondiscrimination testing
requirements as Before-Tax Contributions, and shall be subject to the same Plan provisions
as Before-Tax Contributions for purposes of investment and distribution.”

 

4

 

XI.

Effective January 1, 2008, Section 9.3 of the Plan is hereby amended by adding new
paragraphs at the end thereof to provide as follows:

“Notwithstanding the preceding paragraph of this Section 9.3, a direct rollover from a
Participant’s Roth Account shall only be made to another Roth elective deferral account
under an applicable retirement plan describe in Section 402A(e)(1) of the Code or to a Roth
individual retirement account described in Section 408A of the Code, and only to the extent
the rollover is permitted under Section 402A(c) of the Code.”

XII.

Effective January 1, 2007, Section 10.1(b) of the Plan is hereby amended in its entirety to
provide as follows:

“(b) A Participant may withdraw from his Rollover Contribution Account and/or his Class
Settlement Account any or all amounts held in either such Account.”

XIII.

Effective January 1, 2007, the second sentence of Section 11.4(b) of the Plan is hereby
amended in its entirety to provide as follows:

“Any loan shall be considered to come, first, from the Participant’s After-Tax Account,
second, from the Employee

 After-Tax Rollover Subaccount of his Rollover Contribution
Account, third, from the Employee Rollover Subaccount of his Rollover Contribution Account,
fourth, from his Class Settlement Account, and fifth, from the remainder of his Accounts on
a pro rata basis.”

IN WITNESS WHEREOF, the undersigned has caused this Ninth Amendment to the Plan to be executed
on the date indicated below, to be effective as provided above.

	 	 	 	 	 	 	 
	 	 	DYNEGY INC.,	 	 
	 	 	a Delaware corporation	 	 
	 

	 	By:

Title:
	 	/s/ Julius Cox
Chairman,
Dynegy Inc. Benefit Plans Committee
	 	 
	 

	 	Date:
	 	December 4, 2007	 	 

 

5Filed by Bowne Pure Compliance

 

Exhibit 10.23

NINTH AMENDMENT TO THE

EXTANT, INC. 401(k) PLAN

WHEREAS, Dynegy Inc., a Delaware corporation (“Dynegy”), maintains the Extant, Inc. 401 (k)
Plan (the “Plan”) for the benefit of the eligible employees of certain participating companies; and

WHEREAS, Dynegy desires to amend the Plan to add certain provisions of the Pension
Protection Act of 2006 relating to nonspouse beneficiary rollovers and Roth IRA rollovers.

NOW, THEREFORE, BE IT RESOLVED that the Plan shall be, and hereby is, amended as follows,
effective January 1, 2008:

I.

Section 1.1(12) of the Plan is amended by adding a sentence at the end thereof to provide as
follows:

“Notwithstanding the previous sentence, Distributee shall also include a nonspouse
beneficiary, but only with regard to the interest of such individual under the Plan.”

II.

Section 1.1(14)
of the Plan is amended in its entirety to provide as follows:

“(14)
 Eligible Retirement Plan: Any of (A) an individual retirement account
described in section 408(a) of the Code, (B) an individual retirement annuity described in
section 408(b) of the Code, (C) an annuity plan described in section 403(a) of the Code, (D)
a qualified plan described in section 401(a) of the Code, which under its provisions does,
and under applicable law may, accept a Distributee’s Eligible Rollover Distribution, (e) an
annuity contract described in section 403(b) of the Code, (F) an eligible plan under section
457(b) of the Code which is maintained by a state, political subdivision of a state, or
agency or instrumentality of a state or political subdivision of a state and which agrees to
separately account for the amounts transferred into such plan from the Plan, and (g) a Roth
IRA described in section 408A(b) of the Code. The definition of Eligible Retirement Plan
shall also apply in the case of a distribution to a surviving spouse or to a spouse or
former spouse who is an alternate payee under a qualified domestic relations order, as
defined in section 414(p) of the Code.

Notwithstanding the foregoing, in the case of an Eligible Rollover Distribution to a
beneficiary who is a designated beneficiary as defined in section 401(a)(9)(E) of the Code
and is not a surviving spouse, an Eligible Retirement Plan is an individual retirement
account or individual retirement annuity that is treated as an inherited account under

section 402(c)(l1) of the Code.”

 

 

 

IN WITNESS WHEREOF, the undersigned has caused this Ninth Amendment to the Plan to be
executed on the date indicated below, to be effective January 1, 2008.

	 	 	 	 	 	 	 
	 	 	DYNEGY INC. 

a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Title:
	 	/s/ Julius Cox
 

Chairman, Dynegy Inc. Benefit Plans Committee
	 	 
	 

	 	Date:
	 	December 4, 2007	 	 

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]