0001193125-10-093568 Sample Contracts

PURSUANT TO THE AES CORPORATION 2003 LONG TERM COMPENSATION PLAN (OUTSIDE DIRECTORS)
Nonqualified Stock Option Award Agreement • April 27th, 2010 • Aes Corp • Cogeneration services & small power producers

The AES Corporation, a Delaware Corporation (the “Company”), grants to the Director named below, pursuant to The AES Corporation 2003 Long Term Compensation Plan, as amended (the “Plan”), and this 2010 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. Capitalized terms not otherwise defined herein will each have the meaning assigned to them in the Plan.

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