SEC Contract Filing

Filing Date: 2017-05-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d357394dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>AMERICAN INTERNATIONAL GROUP, INC. </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>STOCK OPTION AWARD AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Award of Stock Options</U>. American International Group, Inc. (&#147;<B><I>AIG</I></B>&#148;) has awarded you stock options (the
&#147;<B><I>Awards</I></B>&#148;) to purchase 1,500,000&nbsp;shares of Common Stock (&#147;<B><I>Shares</I></B>&#148;) with an exercise price equal to $&#9679;.<SUP STYLE="font-size:85%; vertical-align:top"></SUP><SUP
STYLE="font-size:85%; vertical-align:top">1</SUP><SUP STYLE="font-size:85%; vertical-align:top"> </SUP>This award agreement (&#147;<B><I>Award Agreement</I></B>&#148;), dated &#9679;, 2017<SUP STYLE="font-size:85%; vertical-align:top"></SUP><SUP
STYLE="font-size:85%; vertical-align:top">2</SUP><SUP STYLE="font-size:85%; vertical-align:top"> </SUP>(the &#147;<B><I>Date of Grant</I></B>&#148;), sets forth the terms and conditions of the Awards. Capitalized terms not defined in the Award
Agreement have the meanings ascribed to them in the American International Group, Inc. 2013 Omnibus Incentive Plan (the &#147;<B><I>Plan</I></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Vesting; Expiration</U>. The Awards comprise five sets of stock options (the &#147;<B><I>Stock Options</I></B>&#148;) as follows: the
Time-Vesting Options, the $10 Performance Options, the $20 Performance Options, the $20 Inducement Options and the $30 Inducement Options. For purposes of this Award Agreement, the $10 Performance Options, the $20 Performance Options, the $20
Inducement Options and the $30 Inducement Options are collectively referred to as the &#147;<B><I>Performance Options</I></B>.&#148; Notwithstanding anything to the contrary in the Plan or herein, the Stock Options will expire and no longer be
exercisable as of &#9679;, 2024<SUP STYLE="font-size:85%; vertical-align:top"></SUP><SUP STYLE="font-size:85%; vertical-align:top">3</SUP><SUP STYLE="font-size:85%; vertical-align:top"></SUP> (the &#147;<B><I>Expiration Date</I></B>&#148;), subject
to earlier termination as provided in this Award Agreement, or otherwise in accordance with the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Awards</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.1 <U>First Award</U>. Stock Options to purchase 500,000&nbsp;Shares (the <I>&#147;</I><B>Time-Vesting Options</B>&#148;) will vest in equal,
annual installments on each of the first three anniversaries of the Date of Grant, such that 166,666 Time Options will vest on &#9679;, 2018, 166,667 Time Options will vest on &#9679;, 2019 and 166,667 Time Options will vest on &#9679;, 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.2 <U>Second Award</U>. Stock Options to purchase 300,000&nbsp;Shares (the &#147;<B><I>$10 Performance Options</I></B>&#148;) will vest in
equal, annual installments on each of the first three anniversaries of the Date of Grant, or, if later, on the close of the twentieth consecutive trading day on the New York Stock Exchange on which the closing price of Common Stock is at least
$10.00 over $&#9679;<SUP STYLE="font-size:85%; vertical-align:top"></SUP><SUP STYLE="font-size:85%; vertical-align:top">4</SUP><SUP STYLE="font-size:85%; vertical-align:top"> </SUP>(the &#147;<B><I>Reference Price</I></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.3 <U>Third Award</U>. Stock Options to purchase 200,000&nbsp;Shares (the &#147;<B><I>$20 Performance Options</I></B>&#148;) will vest on the
close of the twentieth consecutive trading day on the New York Stock Exchange on which the closing price of Common Stock is at least $20.00 over the Reference Price. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.4 <U>Fourth Award</U>. Stock Options to purchase 100,000&nbsp;Shares (the &#147;<B><I>$20 Inducement Options</I></B>&#148;) will vest on the
close of the twentieth consecutive trading day on the New York Stock Exchange on which the closing price of Common Stock is at least $20.00 over the Reference Price. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.5 <U>Fifth Award</U>. Stock Options to purchase 400,000&nbsp;Shares (the &#147;<B><I>$30 Inducement Options</I></B>&#148;) will vest on the
close of the twentieth consecutive trading day on the New York Stock Exchange on which the closing price of Common Stock is at least $30.00 over the Reference Price. </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Fair market value on the Date of Grant. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPA