The Eligible Employees. AIG has determined, subject to the conditions set forth in this Agreement, to assure each person who was as of May 18, 2005 both (1) a stockholder of Starr and (2) an employee of AIG or its subsidiaries (each, an “Eligible Employee”) that all Covered Payments are promptly paid to the Eligible Employee.
The Eligible Employees. AIG has determined, subject to the conditions set forth in this Agreement, to assure each participant in a Covered Plan who was as of May 18, 2005 an employee of AIG or its subsidiaries (each, an “Eligible Employee”) that all cash or AIG common stock, par value $2.50 per share (as adjusted for any Fundamental Transaction (as defined below), the “Common Stock”), due under the express terms of the Covered Plans is promptly paid or delivered to the Eligible Employee.
The Eligible Employees. Subject to Rule 32.3, all the costs and expenses (including, without prejudice to the generality of the forgoing, all stamp duty and brokerage fees) arising as a result of any disposal on behalf of, or any transfer to, an Eligible Employee of his Qualification Shares, Deposited Shares, Matured Shares or Appropriated Shares shall unless the Company directs otherwise be payable to the Eligible Employee on whose behalf such transaction is carried out or by whom such instruction is given.
