Unassociated Document


    
      

    

    Exhibit
10-O-7

    


    Stock
Option Agreement under 2008 Long-Term Incentive Plan

    Incentive
Option

    Current
as of October 2008

    


    This
AGREEMENT made as of this ____ day of _____________, 20__, by and between Ford
Motor Company, a Delaware corporation (the "Company"), and (the "Optionee"),
WITNESSETH:

    


    WHEREAS,
the Optionee is now employed by the Company, or one of its subsidiaries, in a
responsible capacity and the Company desires to provide an incentive to the
Optionee, to encourage the Optionee to remain in the employ of the Company or of
one or more of its subsidiaries and to increase the Optionee's interest in the
Company's long-term success; and as an inducement thereto, the Company has
adopted the 2008 Long-Term Incentive Plan (the "Plan"), to be administered by
the Compensation Committee (the "Committee"), and has determined to grant to the
Optionee herein provided for,

    


    NOW,
THEREFORE, IT IS AGREED BETWEEN THE PARTIES as follows:

    


    Subject
to the terms and conditions set forth herein, in the Plan, in the "Terms and
Conditions of Stock Option Agreement" (the "Terms and Conditions") and in any
rules and regulations established by the Committee pursuant to the Plan (all of
which are incorporated by reference into this Agreement as though set forth in
full herein), the Company hereby grants to the Optionee the right and option to
purchase from the Company up to, but not exceeding in the aggregate, ___ shares
of the Company's Common Stock of the par value of $0.01 per share ("Stock"), at
a price of $_______ per share (the "Option").

    


    The
Optionee agrees to remain in the employ of the Company or of one or more of its
subsidiaries for a period ending on the later of (a) the date one year from the
date of this Agreement or (b) one year from the latest date to which the
Optionee is obligated to remain in such employ under any option granted to the
Optionee under the Plan or any Stock Option Plan of the Company or under any
amendment to any such option; provided, however, that, if the second or third
paragraph of Article 2 of the Terms and Conditions shall apply to the Optionee,
such period shall be limited to six months from the date of this Agreement; and
provided, further, that nothing contained herein or in the Terms and Conditions
shall restrict the right of the Company or any of its subsidiaries to terminate
the employment of the Optionee at any time, with or without cause. The term
"Company" as used in this Agreement and in the Terms and Conditions with
reference to employment shall include subsidiaries of the Company. The term
"subsidiary" as used in this paragraph shall mean (i) any corporation a majority
of the voting stock of which is owned directly or indirectly by the Company or
(ii) any limited liability company a majority or the membership interest of
which is owned directly or indirectly by the Company.

    


    The
Option is intended to be an incentive stock option.

    


    The grant
of the Option to the Optionee is completely discretionary and does not create
any rights to receive future stock option grants. The Company may amend, modify
or terminate the Plan at any time, subject to limitations set forth in the
Plan.

    


    IN
WITNESS THEREOF, the parties hereto have executed this Agreement as of the day
and year first above written.

    


    
      
        
          	
                  AUTHENTICATED

                	
                  FORD
      MOTOR COMPANY

                
	
                  as
      of the above date

                	 
      
	 
      	
                      Optionee

                
	 
      	
                      Optionee
      ID:_________