0001104659-06-002737 Sample Contracts

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT PURSUANT TO THE AES CORPORATION 2003 LONG TERM COMPENSATION PLAN
Restricted Stock Unit Award Agreement • January 19th, 2006 • Aes Corp • Cogeneration services & small power producers • Delaware

The AES Corporation, a Delaware corporation (the “Company”), grants to the Employee named below, pursuant to The AES Corporation 2003 Long Term Compensation Plan (the “Plan”) and this Restricted Stock Unit Award Agreement (this “Agreement”), this Award of Restricted Stock Units (“RSUs”) upon the terms and conditions set forth herein. Capitalized terms not otherwise defined herein will each have the meaning assigned to them in the Plan.

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FORM OF NONQUALIFIED STOCK OPTION AWARD AGREEMENT PURSUANT TO THE AES CORPORATION 2003 LONG TERM COMPENSATION PLAN
Nonqualified Stock Option Award Agreement • January 19th, 2006 • Aes Corp • Cogeneration services & small power producers • Delaware

The AES Corporation, a Delaware corporation (the “Company”), grants to the Employee named below, pursuant to The AES Corporation 2003 Long Term Compensation Plan (the “Plan”) and this Nonqualified Stock Option Award Agreement (this “Agreement”), this Award of a Nonqualified Stock Option (“Option”) to purchase full shares of common stock of the Company (“Shares”) upon the terms and conditions set forth herein and the terms of your current employment agreement (your “Employment Agreement”) while it is in effect (i.e., through and including its termination date). Capitalized terms not otherwise defined herein will each have the meaning assigned to them in the Plan or your Employment Agreement while it is in effect.

FORM OF PERFORMANCE UNIT AWARD AGREEMENT PURSUANT TO THE AES CORPORATION 2003 LONG TERM COMPENSATION PLAN
Form of Performance Unit Award Agreement • January 19th, 2006 • Aes Corp • Cogeneration services & small power producers • Delaware

The AES Corporation, a Delaware Corporation (the “Company”), grants to the Employee named below, pursuant to The AES Corporation 2003 Long-Term Compensation Plan (the “Plan”) and this Performance Unit Award Agreement (this “Agreement”), this Award of Performance Units (“Performance Units”), the value of which is related to and contingent upon the achievement of a predetermined Performance Target (as set forth herein). Capitalized terms not otherwise defined herein shall each have the meaning assigned to them in the Plan.

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