Time to Consider from Severance Plan
The Compensation and Management Resources Committee of the Board of Directors (the "Compensation Committee") of American International Group, Inc., a Delaware corporation (the "Company"), has adopted this American International Group, Inc. 2012 Executive Severance Plan (the "Plan"), first effective as of December 4, 2012 (the "Effective Date"), amended as of December 19, 2013, September 9, 2014, October 1, 2015 and July 1, 2016. Terms not defined herein have the meanings provided in the Glossary of Terms.
Time to Consider. The payments and benefits payable to the Employee under this Agreement include consideration provided to the Employee over and above anything of value to which the Employee already is entitled. The Employee acknowledges that the Employee has been advised that the Employee has [for Employee over 40 and part of a reduction in force impacting more than one employee 45, and for all others 21] days from the date of the Employee's receipt of this Agreement to consider all the provisions of this Agreement. THE EMPLOYEE FURTHER ACKNOWLEDGES THAT THE EMPLOYEE HAS READ THIS AGREEMENT CAREFULLY, HAS BEEN ADVISED BY THE COMPANY TO, CONSULT AN ATTORNEY, AND FULLY UNDERSTANDS THAT BY SIGNING BELOW THE EMPLOYEE IS GIVING UP CERTAIN RIGHTS WHICH THE EMPLOYEE MAY HAVE TO SUE OR ASSERT A CLAIM AGAINST ANY OF THE RELEASEES, AS DESCRIBED IN SECTION IV OF THIS AGREEMENT AND THE OTHER PROVISIONS HEREOF. THE EMPLOYEE ACKNOWLEDGES THAT THE EMPLOYEE HAS NOT BEEN FORCED OR PRESSURED IN ANY MANNER WHATSOEVER TO SIGN THIS AGREEMENT, AND THE EMPLOYEE AGREES TO ALL OF ITS TERMS VOLUNTARILY.