Assignment 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.
Assignment. The Plan shall inure to the benefit of and shall be enforceable by an Eligible Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If an Eligible Employee should die while any amount is still payable to the Eligible Employee under the Plan had the Eligible Employee continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of the Plan, or as determined by the Compensation Committee, to the Eligible Employee's estate. An Eligible Employee's rights under the Plan shall not otherwise be transferable or subject to lien or attachment. -15-