The AES Corporation (AES)

2.3       Supplemental Company Matching Awards.

(a)                                  With respect to each Plan Year and to the extent provided under this Section 2.3, the Company shall annually credit a supplemental matching contribution (“Supplemental Match”) to each eligible Participant’s Deferral Accounts.  To be eligible for a Supplemental Match, a Participant must have made a Deferral Election for the Plan Year and be employed on December 31st of the Plan Year (or have terminated during the Plan Year due to Retirement, death or Disability).

(b)                                 The amount of the Supplemental Match shall be equal to: (i) the Company Match that would have been awarded under the Qualified Plan, taking into account the Participant’s Deferral Election and the maximum percentage of Compensation for matching awards permitted under the Qualified Plan, if the Participant’s Compensation and elective contributions to the Qualified Plan were not subject to the Section 401(a)(17) and 402(g) limitations under the Qualified Plan; less (ii) the maximum Company Match available for award to the Participant under the Qualified Plan.  For purposes of this Section 2.3, Compensation shall have the meaning assigned thereto in the Qualified Plan (determined without regard to any pre-tax salary reduction amounts, including but not limited to amounts voluntarily deferred under the terms of this Plan to the extent necessary to carry out the terms and intent of this Plan).

(c)                                  The Supplemental Match will be allocated to the Participant’s Deferral Accounts in the same proportion as the Participant’s Deferrals are allocated among the Participant’s Deferral Accounts and shall be deemed invested in Company stock.  Supplemental Matching contributions are not required to remain invested in Company stock and a Participant may subsequently change his investment designations as permitted under Section 2.4(b).

2.3  Supplemental Company Matching Awards.

(a)           With respect to each Plan Year and to the extent provided under this Section 2.3, the Company shall annually credit a supplemental matching contribution (“Supplemental Match”) to each eligible Participant’s Deferral Accounts.  To be eligible for a Supplemental Match, a Participant must have made a Deferral Election for the Plan Year and be employed on December 31st of the Plan Year (or have terminated during the Plan Year due to Retirement, death or Disability).

(b)           The amount of the Supplemental Match shall be equal to: (i) the Company Match that would have been awarded under the Qualified Plan, taking into account the Participant’s Deferral Election and the maximum percentage of Compensation for matching awards permitted under the Qualified Plan, if the Participant’s Compensation and elective contributions to the Qualified Plan were not subject to the Section 401(a)(17) and 402(g) limitations under the Qualified Plan; less (ii) the maximum Company Match available for award to the Participant under the Qualified Plan.

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2.3          Supplemental Company Matching Awards.

(a)           With respect to each Plan Year and to the extent provided under this Section 2.3, the Company shall annually credit a supplemental matching contribution (“Supplemental Match”) to each eligible Participant’s Deferral Accounts.  To be eligible for a Supplemental Match, a Participant must have made a Deferral Election for the Plan Year and be employed on December 31st of the Plan Year (or have terminated during the Plan Year due to Retirement, death or Disability).

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