Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.19

SIXTH AMENDMENT TO THE

DYNEGY NORTHEAST GENERATION, INC. SAVINGS INCENTIVE PLAN

WHEREAS, Dynegy Inc., a Delaware corporation (“Dynegy”), maintains the Dynegy Northeast
Generation, Inc. Savings Incentive Plan (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 nonspouse beneficiary rollovers and Roth IRA rollovers;
and (ii) to increase Employer Matching Contributions for collectively bargained employees.

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

I.

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.”

II.

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)(11) of the Code.”

 

 

 

III.

Section 33(b) of the Plan is amended in its entirety to provide as follows:

“(b) With respect to each payroll period, the Employer shall contribute to the Trust,
as Employer Matching Contributions, an amount that equals 36% of the Before-Tax
Contributions that were made pursuant to Section 3.1 on behalf of each of the
Participants whose terms and conditions of employment are governed by a collective
bargaining agreement during such payroll period and that were not in excess of 6% of
each such Participant’s Compensation for such payroll period.”

IV.

Section 3.8 of the Plan is hereby amended by adding a new subsection (e) to provide as
follows:

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

IN WITNESS WHEREOF, the undersigned has caused this Sixth 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	 	 

 

2Filed by Bowne Pure Compliance

 

Exhibit 10.20

SEVENTH AMENDMENT TO THE

DYNEGY NORTHEAST GENERATION, INC. SAVINGS INCENTIVE PLAN

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

Northeast
Generation, Inc. Savings Incentive Plan (the “Plan”) for the benefit of eligible
employees of certain participating companies;

WHEREAS, Dynegy desires to amend the eligibility provisions of the Plan with respect to a
specified group of collectively bargained employees who are eligible
for benefits under a different
plan maintained by Dynegy and to increase Employer Matching Contributions for collectively
bargained employees under the Plan; and

WHEREAS, Dynegy and its delegates are authorized and empowered to amend the Plan pursuant
to Section 16.1 of the Plan.

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

I.

Effective April 3, 2008, the first sentence of Section 1.1(19) of the Plan is amended in its
entirety to provide as follows:

“(19)
Eligible Employee: Each Employee other than (A) an Employee whose terms and
conditions of employment are governed by a collective bargaining
agreement, unless such
agreement provides for his coverage under the Plan, (B) a nonresident alien, (C) an Employee
who is a Leased Employee or who is designated, compensated, or otherwise classified by the
Employer as a Leased Employee, (D) an individual who is deemed to be an Employee pursuant to
Treasury regulations issued under section 414(o) of the Code, and (E) an individual who is
 hired by an Employer on or after April 3, 2008 and who is covered by that certain
Memorandum of Agreement between Dynegy Northeast Generation, Inc., and Local Union 320 of The
International Brotherhood of Electrical Workers, dated March 26,
2008, as ratified on April
3, 2008.”

 

 

 

II.

Effective May 4, 2008, Section 3.3(b) of the Plan is amended in its entirety to provide as
follows:

“(b) With respect to each payroll period, the Employer shall contribute to  the
Trust, as Employer Matching Contributions, an amount that equals 50% of the Before-Tax
Contributions that were made pursuant to Section 3.1 on behalf of each of the Participants
whose terms and conditions of employment are governed by a collective bargaining agreement
during such payroll period and that were not in excess of 6% of each such Participant’s
Compensation for such payroll period.”

III.

Except as amended herein, the provisions of the Plan shall remain in full force and effect.

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

	 	 	 	 	 	 	 
	 	 	DYNEGY INC.

a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Julius Cox
 

Julius Cox, Chairman of the Dynegy Inc.
	 	 
	 

	 	 	 	Benefits Plan Committee	 	 
	 

	 	 	 	Date: April 28, 2008	 	 

 

2Filed by Bowne Pure Compliance

 

Exhibit 10.21,

NINTH AMENDMENT TO THE

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

WHEREAS, Dynegy Inc., a Delaware corporation (“Dynegy”), maintains the Dynegy Midwest Generation,
Inc. 401 (k) Savings Plan (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 40l(k) contributions, nonspouse beneficiary rollovers and Roth IRA
rollovers; and (ii) add certain provisions relating to class action settlement accounts.

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(1) 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 I, Class Settlement Account II, 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 I: 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 I shall be fully vested. If the Trustee receives settlement proceeds in
the form of Company Stock to be allocated to the Class Settlement Account I 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 that are to be allocation to the
Class Settlement Account I 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 I 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 I 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 settlement
proceeds in the Class Settlement Account I 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 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 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

III.

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

“(7C)
Class Settlement Account II: 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
Settlement Agreement approved by the United States District Court for the Southern District
of Texas, Houston Division, in the matter of In re Dynegy Inc. ERISA Litigation. Civil
Action No. 4:06-cv-00160. For purposes of this Section 1.1(7C), 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 Settlement Agreement 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 II shall be
fully vested. 

 

2

 

If the Trustee receives settlement proceeds that are to be allocated to the
Class Settlement Account II 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, the Class Settlement
Account II 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 Class Settlement Account II
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
Class Settlement Account II 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:

	 	 	 
	Fund Name	 	Age of Participant or Former 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

 

3

 

IV.

Effective
January 1, 2008, Section 1.1(18) 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.”

V.

Effective January 1, 2008, Section 1.1(21) of the Plan is amended in its entirety to
provide as follows:

“(21) 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.”

  

4

 

VI.

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

“(43A) 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.

“(43B) Roth Contributions: Contributions made by a Participant
pursuant to Section 3.12.”

VII.

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.”

VIII.

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.”

IX.

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.”

X.

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.”

 

5

 

XI.

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.”

XII.

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)(l) 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 402 A(c) of the Code.”

XIII.

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, his Class
Settlement Account I and/or his Class Settlement Account II any or all amounts held in
such Accounts.”

XIV.

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 I, fifth, from his Class Settlement Account II,
and sixth, from the remainder of his Accounts on a pro rata basis.”

 

6

 

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	 	 

 

7

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