THE AES CORPORATION
(As Amended and Restated December 29, 2008)
1.1 Establishment and Purpose .
The purpose of the AES Corporation Severance Plan, as amended (the “Plan”) is to provide
eligible employees who 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 not, and should not
be construed as vested benefits, and are generally intended for employees who are involuntarily terminated
without cause. This Plan constitutes a welfare plan under ERISA and will be interpreted in accordance with the
terms of ERISA. 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. The Plan was originally established June 1, 2006,
1.2 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 meaning ascribed thereto.
“ Administrator ” means the Health and Welfare Benefits Plan LLC or such other committee or
persons designated by it to assume the duties of the Administrator.
“ Affiliated Employer ” mean 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 t