Document:

<PAGE>   1
                                  EXHIBIT 10.1

                          PERFORMANCE RECOGNITION PLAN

                                       OF

                       THE GOODYEAR TIRE & RUBBER COMPANY

                            EFFECTIVE JANUARY 1, 2001

                         (HEREINAFTER CALLED THE "PLAN")

I.       PURPOSE AND POLICY

               It is the declared policy of the Board of Directors of The
Goodyear Tire & Rubber Company, in order to provide incentive for extra effort,
that key personnel of the Company shall be compensated in addition to their
fixed compensation by participation in a performance recognition plan. Such key
personnel shall be selected, as hereinafter provided, from the elected officers
and other key employees of the Company.

               The Plan is designed to reinforce Participant effort and
responsibility towards achieving the total Company business objectives, the
objectives of specific business units and objectives established for individual
Participants. Awards to Participants provided under this Plan will vary to the
extent these goals and objectives are attained. The basic intent is to tie
Awards directly to results that reflect Company growth and success achieved
through customer satisfaction, quality products and enhanced shareholder value.

               The Plan shall be subject to discontinuance, or amendment by the
Board of Directors, at any time.

II.      DEFINITIONS

               For purposes of the Plan, the following terms shall have the
following meanings:

         A) Award. Cash payments approved by the Committee and made pursuant to
the objectives established pursuant to the Plan in respect of any Plan Year.

         B) Company. The Goodyear Tire & Rubber Company or any of its
subsidiaries and affiliates.

         C) Participant. With respect to any Plan Year, a salaried employee of
the Company who has been selected by the Committee to receive an Award under the
Plan for such Plan Year subject to the attainment of the established goals and
objectives.

                                    X-10.1-1

<PAGE>   2

         (D) Plan Year. Each period of one year beginning January 1 and ending
December 31, commencing January 1, 2001.

         E)  Retirement. Termination of employment at any age with 30 or
more years of continuous service with the Company and its subsidiaries or at age
55 or older with at least 10 years of continuous service with the Company and
its subsidiaries.

III.     THE COMMITTEE

             The Plan shall be administered by a Committee, the "Committee",
to be comprised of each member of the Compensation Committee of the Board of
Directors of the Company, as such Committee is constituted from time to time,
that is neither an employee or an officer of the Company and is not
participating, and has not and will not participate, in the Plan. Action by the
Committee pursuant to any provision of the Plan may be taken at any meeting held
upon not less than five days' notice of its time, place and purpose given to
each member, at which meeting a quorum of not less than four members is present.
If less than a majority of the whole Committee is present, such action must be
by the unanimous vote of those present, otherwise by a majority vote. The
minutes of such meeting (signed by its secretary) evidencing such action, shall
constitute authority for Goodyear to proceed in accordance therewith.

IV.      TARGET BONUS

             Each Participant in a Plan Year is granted a target bonus with
respect to such Plan Year which is subject to adjustment between zero percent
and such amount as the Committee may determine, depending upon the extent to
which the business goal or goals established for the Participant for such Plan
Year are achieved.

V.       SELECTION OF PARTICIPANTS

         A)  With respect to each Plan Year, after consultation with the
Chief Executive Officer of the Company (or, if he be unavailable, with the next
ranking officer of the Company who may be available), the Committee shall
determine the Participants and establish their respective target bonuses for
such Plan Year. The Committee shall also review and approve the goals
established for the Participants for such Plan Year. As to such determination,
the Committee may rely, to the extent it deems available, upon any information
and recommendations obtained from the officer so consulted. As soon as
practicable after the selection of Participants for a Plan Year, the Company
shall notify them of their participation and target bonuses for such Plan Year.

         B)  A list, certified by the Committee (or by the officers as to
action pursuant to subparagraph A above), shall evidence the determination of
those persons who are

                                                                         Page 2

                                    X-10.1-2
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Participants in the Plan for such Plan Year and their respective target bonuses
and goals therein.

         C)  With respect to employees who are not officers of Goodyear,
the Chairman of the Board of the Company may add such employees as Participants
in the Plan during a Plan Year and report such additional Participants to the
Committee from time to time.

         (D) The Chairman of the Board of the Company may, at his discretion,
terminate the participation of any associate in the Plan at any time and may
reduce or eliminate the target bonus granted to any associate for any Plan Year
at any time prior to the payment of an Award in respect of such grant.

VI.      PAYMENT POOL

             A pool for the payment of Awards will be established equivalent
to the total of the adjusted target bonus amounts as determined in Section IV
hereof for all Participants in the plan.

VII.     PAYMENT

             The Committee, at its sole discretion, shall determine if a
payment from the pool shall be made to Participants in respect of any Plan Year
notwithstanding the fact that the established goals and objectives may have been
achieved. If the Committee determines that there will be a payment in respect of
a Plan Year, payment of Awards due Participants with respect to the Plan will be
made after the close of such Plan Year once the achievement of the performance
goals have been determined for funding the pool. All Awards are contingent upon
the achievement of the stated performance goals for the Plan Year and a
determination by the Committee that a payment shall be distributed to
Participants in respect of such Plan Year. The amount of individual Awards will
be based upon individual performance as assessed under the performance
management program. All Awards shall be in cash except to the extent converted
into deferred stock unit awards as provided in Section VIII hereof. There shall
be deducted from each Award under the Plan the amount of any tax required by
governmental authority to be withheld and paid over by the Company to such
government for the account of a Participant entitled to an Award.

VIII.    DEFERRAL OF PAYMENT

             The Committee, in its sole discretion, may allow certain
Participants in the Plan to convert all or a portion of their Award into
deferred stock units granted under the 1997 Performance Incentive Plan of the
Company. If permitted by the Committee, such Participants may elect to convert
25%, 50%, 75% or 100% of their Award into the deferred stock unit account for a
period of three years. The amount of the Award that

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                                    X-10.1-3
<PAGE>   4

would be converted into the deferred stock unit account will be increased by
20%. The number of units deferred will be determined by dividing the amount of
the deferral by the Fair Market Value of the common stock of the Company on the
date the payout is approved by the Committee. The Committee may authorize
dividend equivalents at the same rate as the quarterly dividends on the
Company's common stock, to be reinvested in the deferral account each quarter at
the time the Company pays its dividends. After December 31 of the calendar year
following three years from the end of the Plan Year the deferred stock unit
accounts will be converted to shares of the Company's common stock and issued to
the Participant less amounts withheld to satisfy any tax withholding
requirements.

IX.      CHANGE IN PARTICIPANT'S STATUS

         A)  Any Participant who is not an employee of the Company on
December 31 of a Plan Year forfeits his or her participation for such Plan Year
unless employment termination was due to the employee's death or Retirement.

         B)  Any Participant whose employment terminates due to Retirement
shall have their target bonus prorated for the Plan Year during which the
associate's last day worked occurred. Such pro rata target bonus is calculated
by multiplying the percentage of days actually worked of the year (ie, number of
days worked divided by 365) by the target bonus. Notwithstanding the above, a
Participant who, after Retirement, enters into a relationship either as an
employee, consultant, agent or in any manner whatsoever with an entity that
sells products in competition with products sold by the Company and its
subsidiaries, forfeits the right to receive a distribution under this Plan in
respect of such Plan Year. In the event such Participant enters into such a
relationship with a competitor within six months from a distribution under this
Plan during such Plan Year, the Participant agrees to refund to The Goodyear
Tire & Rubber Company any such distribution the Participant had received.

         C)  Any Participant whose employment status changes during a Plan
Year due to layoff, leave of absence or disability shall have their target bonus
prorated, subject to the adjustment as provided for in Section IV hereof. Such
pro rata target bonus is calculated by multiplying the percentage of days
actually worked during the Plan Year (ie, number of days worked divided by 365)
by the target bonus for such Plan Year.

         D)  A Participant whose employment terminates during a Plan Year
due to death shall have their target bonus for such Plan Year prorated and the
prorated target bonus shall not be adjusted under Section IV hereof. Such pro
rata bonus is based on days actually worked during such Plan Year and calculated
in the same manner as if the Participant had retired and distribution of the
bonus shall be made to the participating

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                                    X-10.1-4
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employee's executors, administrators, or such other person or persons as shall,
by specific bequest under the last will and testament of the participating
employee, be entitled thereto.

X.       MISCELLANEOUS CONDITIONS

             The Plan and all participation therein shall be subject to the
following conditions:

         A)  For all purposes of the Plan, termination of a Participant's
employment shall be deemed to have occurred whenever he or she is no longer
employed by the Company.

         B)  Nothing in the Plan shall obligate the Company with respect to
tenure of office or duration of employment of any Participant or to provide for
or continue participation in the Plan by any Participant in the Plan for any
Plan Year in respect of any subsequent Plan Year.

         C)  All right, title and interest in the Plan shall be personal to
the Participant and not subject to voluntary or involuntary alienation,
hypothecation, assignment or transfer, except that participation is subject to
forfeiture as provided in Section VII hereof.

         D)  The Committee shall have power finally to interpret any of the
provisions of the Plan and to lay down any regulations not inconsistent herewith
for its administration.

         E)  Nothing in the Plan shall prevent or interfere with any
recapitalization or reorganization of the Company or its merger or consolidation
with any corporation. In any such case, the recapitalized, reorganized, merged,
or consolidated Company shall assume the obligations of the Company under the
Plan or such modification hereof as, in the judgment of the Board of Directors,
shall be necessary to adapt it to the changed situation and shall provide
substantially equivalent benefits to the Participants.

         F)  The Company may terminate, suspend, amend, modify or otherwise
act in respect of the Plan at any time and from time to time.

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                                    X-10.1-5<PAGE>   1
                                  EXHIBIT 10.2
                                     PART I

                       THE GOODYEAR TIRE & RUBBER COMPANY

                          STOCK OPTION GRANT AGREEMENT

Tom Tire
Key Employee

The Directors of The Goodyear Tire & Rubber Company (the "Company") desire to
encourage and facilitate ownership of the Common Stock of the Company (the
"Common Stock") by key employees and to provide for additional compensation
based on appreciation of the Common Stock, thereby providing incentive to
promote continued growth and success of the Company's business. Accordingly, the
1997 Performance Incentive Plan of The Goodyear Tire & Rubber Company (the
"Plan") was adopted effective April 14, 1997. A copy of the Plan is attached.
<TABLE>

<S>                                   <C>
                       Granted To:
                               SSN
                       Grant Date:    December 4, 2000
                  Options Granted:
                      Option Type:    Incentive
           Option Price Per Share:    $17.68
                  Expiration Date:    December 4, 2010

                 Vesting Schedule:    25% per year for 4 years
                                      000 on 12/04/2001
                                      000 on 12/04/2002
                                      000 on 12/04/2003
                                      000 on 12/04/2004
</TABLE>

                                      -----------------------------------------
                                        The Goodyear Tire & Rubber Company
                                                  December 4, 2000

By my signature below, I hereby acknowledge receipt of this Option granted on
the date shown above, which has been issued to me under the terms and conditions
of the Plan. I further acknowledge receipt of the copy of the Plan and agree to
conform to all of the terms and conditions of the Option and the Plan.

Signature: ______________________________ Date: ______________________
                     Optionee

                                    X-10.2-1
<PAGE>   2

ISO Grant Agreement (Cont'd)                                   December 4, 2000

Part I - INCENTIVE STOCK OPTIONS

1.   These Incentive Stock Options for the number of shares of Common Stock
indicated on the preceding page (the "Incentive Stock Options") are granted to
you under and are governed by the terms and conditions of the Plan and this
Grant Agreement. Your execution and return of the enclosed copy of page one of
this Grant Agreement acknowledging receipt of the Incentive Stock Options
granted herewith constitutes your agreement to and acceptance of all terms and
conditions of the Plan and this Grant Agreement. You also agree that you have
read and understand this Grant Agreement.

2.   You may exercise the Incentive Stock Options granted pursuant to this Grant
Agreement through (1) a cash payment in the amount of the full option exercise
price of the shares being purchased (a "cash exercise"), (2) a payment in full
shares of Common Stock having a Fair Market Value (as defined in the Plan) on
the date of exercise equal to the full option exercise price of the shares of
Common Stock being purchased (a "share swap exercise"), or (3) a combination of
the cash exercise and share swap exercise methods. Any exercise of these
Incentive Stock Options shall be by written notice to the Company stating the
number of shares of Common Stock to be purchased and the exercise method,
accompanied with the payment, or proper proof of ownership if the share swap
exercise method is used. You shall be required to meet the tax withholding
obligations arising from any exercise of Incentive Stock Options.

3.   As further consideration for the Incentive Stock Options granted to you
hereunder, you must remain in the continuous employ of the Company or one or
more of its subsidiaries from the Date of Grant to the date or dates the
Incentive Stock Options become exercisable as set forth on page one of this
Grant Agreement before you will be entitled to exercise the Incentive Stock
Options granted. The Incentive Stock Options you have been granted shall not in
any event be exercisable after your termination of employment except for
Retirement, (defined as termination of employment at any age after 30 or more
years, or at age 55 or older with at least 10 years of continuous service with
the Company and its subsidiaries), death, or Disability (defined as termination
of employment while receiving benefits under a long-term disability income plan
maintained by the Company or one of its subsidiaries).

PART II - NON-QUALIFIED STOCK INVESTMENT OPTIONS

4.   A Non-Qualified Stock Investment Option will be automatically granted to
you, immediately upon any satisfaction by you of the conditions specified below,
on the following terms and conditions:
<TABLE>

<S>                                   <C>
Date of Grant:                        The date of your exercise, at any time
                                      prior to January 1, 2008, of an Incentive
                                      Stock option granted herein by tendering
                                      shares of Common Stock in payment of all
                                      or a portion of the exercise price of
                                      such Incentive Stock Option.

Number of Common Shares               The number of shares of Common Stock you
Subject to Option:                    tendered in the exercise of such Incentive
                                      Stock Option.

Option Price Per Share:               The Fair Market Value (as defined in
                                      the Plan) of the Common Stock on the
                                      date you exercised such Incentive
                                      Stock Option by tendering shares of
                                      Common Stock.

Exercise Period:                      100% exercisable at any time during the
                                      period beginning on the first
                                      anniversary of its date of grant and
                                      ending on December 4, 2010.
</TABLE>

                                                                   Page 2 of 4

                                    X-10.2-2

<PAGE>   3

ISO Grant Agreement (Cont'd)                                  December 4, 2000

5. The Non-Qualified Stock Investment Options are granted under and are governed
by the terms and conditions of the Plan and this Grant Agreement. The number of
shares of Common Stock subject to each grant is determined by the number of
shares of Common Stock you tender to the Company in your exercise of an
Incentive Stock Option granted pursuant to this Agreement. The Option price per
share of the Non-Qualified Stock Investment Option shall be the Fair Market
Value (as defined in the Plan) of Common Stock on the date you exercise an
Incentive Stock Option as aforesaid. In order to accept this Option grant, you
must tender shares of Common Stock in the exercise of an Incentive Stock Option
prior to January 1, 2008.

6. You may exercise the Non-Qualified Stock Investment Options granted pursuant
to this Grant Agreement through (1) a cash payment in the amount of the full
option exercise price of the shares being purchased (a "cash exercise"), (2) a
payment in full shares of Common Stock having a Fair Market Value (as defined in
the Plan) on the date of exercise equal to the full option exercise price of the
shares of Common Stock being purchased (a "share swap exercise"), or (3) a
combination of the cash exercise and share swap exercise methods. Any exercise
of these Non-Qualified Stock Investment Options shall be by written notice to
the Company stating the number of shares of Common Stock to be purchased and the
exercise method, accompanied with the payment, or proper proof of ownership if
the share swap exercise method is used. You shall be required to meet the tax
withholding obligations arising from any exercise of Non-Qualified Stock
Investment Options.

7. As further consideration for each Non-Qualified Stock Investment Option
granted to you hereunder, you must remain in the continuous employ of the
Company or one or more of its subsidiaries for twelve months following the Date
of Grant in respect thereof (as defined at paragraph 4 above) before you will be
entitled to exercise such Non-Qualified Stock Investment Option. Any
Non-Qualified Stock Investment Option granted shall not in any event be
exercisable after your termination of employment except for Retirement, death,
or Disability.

Part III - GENERAL PROVISIONS

8. In the event of your Retirement, the Incentive Stock Options, to the extent
they are exercisable, or they become exercisable pursuant hereof, shall remain
exercisable for the first three months following the date of your Retirement as
Incentive Stock Options and the remainder of the exercise period as
Non-Qualified Stock Options. The Options terminate automatically and shall not
be exercisable by you from and after the date on which you cease to be an
employee of the Company or one of its subsidiaries for any reason other than
your death, Retirement or Disability. In the event of your death, Retirement or
Disability while an employee of the Company or one of its subsidiaries (and
having been an employee continuously since the Date of Grant) during the
exercise period on any date which is more than six (6) months after the Date of
Grant of the Incentive Stock Options specified on the first page of this Grant
Agreement or more than six (6) months after the Date of Grant of Non-Qualified
Stock Investment Options specified at paragraph 4 of this Grant Agreement, the
Options shall become immediately exercisable and, except as provided below in
the event of your death, shall be exercisable by you for the remainder of the
term of the Option grant. In the event of your death, the Options may be
exercised up to three years after date of death by the person or persons to whom
your rights in the options passed by your will or according to the laws of
descent and distribution. Nothing contained herein shall restrict the right of
the Company or any of its subsidiaries to terminate your employment at any
time, with or without cause.

                                                                   Page 3 of 4

                                    X-10.2-3

<PAGE>   4

ISO Grant Agreement (Cont'd)                                  December 4, 2000

9. The Options shall not in any event be exercisable after the expiration of ten
years from the Date of Grant specified on the first page of this Grant Agreement
and, to the extent not exercised, shall automatically terminate at the end of
such ten-year period.

10. Certificates for the shares of Common Stock purchased will be deliverable to
you or your agent, duly accredited to the satisfaction of the Company, at the
principal office of the Company in Akron, Ohio, or at such other place
acceptable to the Company as may be designated by you.

11. In the event you Retire or otherwise terminate your employment with the
Company or a subsidiary and within 18 months after such termination date you
accept employment with a competitor of, or otherwise engage in competition with,
the Company, the Committee, in its sole discretion, may require you to return,
or (if not received) to forfeit, to the Company the economic value of the
Options granted hereunder which you have realized or obtained by your exercise
at any time on or after the date which is six months prior to the date of your
termination of employment with the Company. Additionally, if you have retired
from the Company, all Options granted to you hereunder which you have not
exercised prior to your competitive engagement shall be automatically cancelled.

12 Each Option granted is not transferable by you otherwise than by will or the
laws of descent and distribution, and is exercisable during your lifetime only
by you.

13. All rights conferred upon you under the provisions of this Grant Agreement
are personal and, except under the provisions of paragraph 12 of this Grant
Agreement, no assignee, transferee or other successor in interest shall acquire
any rights or interests whatsoever under this Grant Agreement, which is made
exclusively for the benefit of you and the Company.

14. Any notice to you under this Grant Agreement shall be sufficient if in
writing and if delivered to you or mailed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this
agreement shall be sufficient if in writing and if delivered to the Executive
Compensation Department of the Company in Akron, Ohio, or mailed by registered
mail directed to the Company for the attention of the Executive Compensation
Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you or the
Company may, by written notice, change the address. This agreement shall be
construed and shall take effect in accordance with the laws of the State of
Ohio.

15. Each Option may be exercised only at the times and to the extent, and is
subject to all of the terms and conditions, set forth in this Grant Agreement,
and in the Plan, including any rule or regulation adopted by the Committee.

                                                                   Page 4 of 4

                                    X-10.2-4

<PAGE>   5

                                  EXHIBIT 10.2
                                    PART II

                       THE GOODYEAR TIRE & RUBBER COMPANY

                          STOCK OPTION GRANT AGREEMENT

The Directors of The Goodyear Tire & Rubber Company (the "Company") desire to
encourage and facilitate ownership of the Common Stock of the Company (the
"Common Stock") by key employees and to provide for additional compensation
based on appreciation of the Common Stock, thereby providing incentive to
promote continued growth and success of the Company's business. Accordingly, the
1997 Performance Incentive Plan of The Goodyear Tire & Rubber Company (the
"Plan") was adopted effective April 14, 1997. A copy of the Plan is attached.
<TABLE>
<S>                                   <C>
                       Granted To:
                               SSN
                       Grant Date:    December 4, 2000
                  Options Granted:
                      Option Type:    Non-Qualified
           Option Price Per Share:    $17.68
                  Expiration Date:    December 4, 2010

                 Vesting Schedule:    25% per year for 4 years
                                      000 on 12/04/2001
                                      000 on 12/04/2002
                                      000 on 12/04/2003
                                      000 on 12/04/2004

</TABLE>

                                      -----------------------------------------
                                          The Goodyear Tire & Rubber Company
                                                  December 4, 2000

By my signature below, I hereby acknowledge receipt of this Option granted on
the date shown above, which has been issued to me under the terms and conditions
of the Plan. I further acknowledge receipt of the copy of the Plan and agree to
conform to all of the terms and conditions of the Option and the Plan.

Signature: ___________________________________ Date: ______________________
                         Optionee

                                    X-10.2-5
<PAGE>   6

NQ Grant Agreement (Cont'd)                                   December 4, 2000

PART I - NON-QUALIFIED STOCK OPTIONS

1. These Non-Qualified Stock Options for the number of shares of Common Stock
indicated on the preceding page (the "Non-Qualified Stock Options") are granted
to you under and are governed by the terms and conditions of the Plan and this
Grant Agreement. Your execution and return of the enclosed copy of page one of
this Grant Agreement acknowledging receipt of the Non-Qualified Stock Options
granted herewith constitutes your agreement to and acceptance of all terms and
conditions of the Plan and this Grant Agreement. You also agree that you have
read and understand this Grant Agreement.

2. You may exercise the Non-Qualified Stock Options granted pursuant to this
Grant Agreement through (1) a cash payment in the amount of the full option
exercise price of the shares being purchased (a "cash exercise"), (2) a payment
in full shares of Common Stock having a Fair Market Value (as defined in the
Plan) on the date of exercise equal to the full option exercise price of the
shares being purchased (a "share swap exercise"), or (3) a combination of the
cash exercise and share swap exercise methods. Any exercise of these
Non-Qualified Stock Options shall be by written notice to the Company stating
the number of shares of Common Stock to be purchased and the exercise method,
accompanied with the payment, or proper proof of ownership if the share swap
exercise method is used. You shall be required to meet the tax withholding
obligations arising from any exercise of Non-Qualified Stock Options.

3. As further consideration for the Non-Qualified Stock Options granted to you
hereunder, you must remain in the continuous employ of the Company or one or
more of its subsidiaries from the Date of Grant to the date or dates the
Non-Qualified Stock Options become exercisable as set forth on page one of this
Grant Agreement before you will be entitled to exercise the Non-Qualified Stock
Options granted. The Non-Qualified Stock Options you have been granted shall not
in any event be exercisable after your termination of employment except for
Retirement (defined as termination of employment at any age after 30 or more
years, or at age 55 or older with at least 10 years of continuous service with
the Company and its subsidiaries), death, or Disability (defined as termination
of employment while receiving benefits under a long-term disability income plan
maintained by the Company or one of its subsidiaries).

PART II - NON-QUALIFIED STOCK INVESTMENT OPTIONS

4. A Non-Qualified Stock Investment Option will be automatically granted to you,
immediately upon any satisfaction by you of the conditions specified below, on
the following terms and conditions:
<TABLE>

<S>                                   <C>
Date of Grant:                        The date of your exercise, at any time
                                      prior to January 1, 2008, of a
                                      Non-Qualified Stock Option granted
                                      herein by tendering shares of Common
                                      Stock in payment of all or a portion
                                      of the exercise price of such
                                      Non-Qualified Stock Option.

Number of Common Shares               The number of shares of Common Stock you
Subject to Option:                    tendered in the exercise of such
                                      Non-Qualified Stock Option.

Option Price Per Share:               The Fair Market Value (as defined in the
                                      Plan) of the Common Stock on the
                                      date you exercised such
                                      Non-Qualified Stock Option by
                                      tendering shares of Common Stock.

Exercise Period:                      100% exercisable at any time during the
                                      period beginning on the first anniversary
                                      of its date of grant and ending on
                                      December 4, 2010.

</TABLE>
                                                                   Page 2 of 4

                                    X-10.2-6
<PAGE>   7

NQ Grant Agreement (Cont'd)                                   December 4, 2000

PART II - NON-QUALIFIED STOCK INVESTMENT OPTIONS (Cont'd)

5. The Non-Qualified Stock Investment Options are granted under and are governed
by the terms and conditions of the Plan and this Grant Agreement. The number of
shares of Common Stock subject to each grant is determined by the number of
shares of Common Stock you tender to the Company in your exercise of a
Non-Qualified Stock Option granted pursuant to this Agreement. The Option price
per share of the Non-Qualified Stock Investment Option shall be the Fair Market
Value (as defined in the Plan) of the Common Stock on the date you exercise a
Non-Qualified Stock Option as aforesaid. In order to accept this Non-Qualified
Stock Investment Option Grant, you must tender shares of Common Stock in the
exercise of a Non-Qualified Stock Option prior to January 1, 2008.

6. You may exercise the Non-Qualified Stock Investment Options granted pursuant
to this Grant Agreement through (1) a cash payment in the amount of the full
option exercise price of the shares being purchased (a "cash exercise"), (2) a
payment in full shares of Common Stock having a Fair Market Value (as defined in
the Plan) on the date of exercise equal to the full option exercise price of the
shares of Common Stock being purchased (a "share swap exercise"), or (3) a
combination of the cash exercise and share swap exercise methods. Any exercise
of these Non-Qualified Stock Investment Options shall be by written notice to
the Company stating the number of shares of Common Stock to be purchased and the
exercise method, accompanied with the payment, or proper proof of ownership if
the share swap exercise method is used. You shall be required to meet the tax
withholding obligations arising from any exercise of Non-Qualified Stock
Investment Options.

7. As further consideration for each Non-Qualified Stock Investment Option
granted to you hereunder, you must remain in the continuous employ of the
Company or one or more of its subsidiaries for twelve months following the Date
of Grant in respect thereof (as defined at paragraph 4 above) before you will be
entitled to exercise such Non-Qualified Stock Investment Option. The
Non-Qualified Stock Investment Options you have been granted shall not in any
event be exercisable after your termination of employment except for Retirement,
death, or Disability.

III - GENERAL PROVISIONS

8. The Options terminate automatically and shall not be exercisable by you
from and after the date on which you cease to be an employee of the Company or
one of its subsidiaries for any reason other than your death, Retirement or
Disability. In the event of your death, Retirement or Disability while an
employee of the Company or one of its subsidiaries (and having been an employee
continuously since the Date of Grant) during the exercise period on any date
which is more than six (6) months after the Date of Grant of the Non-Qualified
Stock Options specified on the first page of this Grant Agreement or more than
six (6) months after the Date of Grant of Non-Qualified Stock Investment Options
specified at paragraph 4 of this Grant Agreement, the Options shall become
immediately exercisable and, except as provided below in the event of your
death, shall be exercisable by you for the remainder of the term of the Option
grant. In the event of your death, the Options may be exercised up to three
years after date of death by the person or persons to whom your rights in the
options passed by your will or according to the laws of descent and
distribution. Nothing contained herein shall restrict the right of the Company
or any of its subsidiaries to terminate your employment at any time, with or
without cause.

                                                                   Page 4 of 4

                                    X-10.2-7

<PAGE>   8

NQ Grant Agreement (Cont'd)                                   December 4, 2000

PART III - GENERAL PROVISIONS (Cont'd)

9. The Options shall not in any event be exercisable after the expiration of ten
years from the Date of Grant specified on the first page of this Grant Agreement
and, to the extent not exercised, shall automatically terminate at the end of
such ten-year period.

10. Certificates for the shares of Common Stock purchased will be deliverable to
you or your agent, duly accredited to the satisfaction of the Company, at the
principal office of the Company in Akron, Ohio, or at such other place
acceptable to the Company as may be designated by you.

11. In the event you Retire or otherwise terminate your employment with the
Company or a subsidiary and within 18 months after such termination date you
accept employment with a competitor of, or otherwise engage in competition with,
the Company, the Committee, in its sole discretion, may require you to return,
or (if not received) to forfeit, to the Company the economic value of the
Options granted hereunder which you have realized or obtained by your exercise
at any time on or after the date which is six months prior to the date of your
termination of employment with the Company. Additionally, if you have retired
from the Company, all Options granted to you hereunder which you have not
exercised prior to your competitive engagement shall be automatically cancelled.

12. Each Option granted is not transferable by you otherwise than by will or the
laws of descent and distribution, and is exercisable during your lifetime only
by you.

13. All rights conferred upon you under the provision of this Grant Agreement
are personal and, except under the provisions of paragraph 12 of this Grant
Agreement, no assignee, transferee or other successor in interest shall acquire
any rights or interests whatsoever under this Grant Agreement, which is made
exclusively for the benefit of you and the Company.

14. Any notice to you under this Grant Agreement shall be sufficient if in
writing and if delivered to you or mailed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this
agreement shall be sufficient if in writing and if delivered to the Executive
Compensation Department of the Company in Akron, Ohio, or mailed by registered
mail directed to the Company for the attention of the Executive Compensation
Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you or the
Company may, by written notice, change the address. This agreement shall be
construed and shall take effect in accordance with the laws of the State of
Ohio.

15. Each Option may be exercised only at the times and to the extent, and is
subject to all of the terms and conditions, set forth in this Grant Agreement,
and in the Plan, including any rule or regulation adopted by the Committee.

                                                                   Page 4 of 4

                                   X-10.2-8

<PAGE>   9

                                  EXHIBIT 10.2
                                    PART III

                       THE GOODYEAR TIRE & RUBBER COMPANY

                          STOCK OPTION GRANT AGREEMENT

The Directors of The Goodyear Tire & Rubber Company (the "Company") desire to
encourage and facilitate ownership of the Common Stock of the Company (the
"Common Stock") by key employees and to provide for additional compensation
based on appreciation of the Common Stock, thereby providing incentive to
promote continued growth and success of the Company's business. Accordingly, the
1997 Performance Incentive Plan of The Goodyear Tire & Rubber Company (the
"Plan") was adopted effective April 14, 1997. A copy of the Plan is attached.
<TABLE>
<S>                                   <C>
                       Granted To:
                               SSN
                       Grant Date:    December 4, 2000
                  Options Granted:
                      Option Type:    Non-Qualified/SAR
           Option Price Per Share:    $17.68
                  Expiration Date:    December 4, 2-1-

                 Vesting Schedule:    25% per year for 4 years
                                      000 on 12/04/2001
                                      000 on 12/04/2002
                                      000 on 12/04/2003
                                      000 on 12/04/2004

</TABLE>

                                      -----------------------------------------
                                         The Goodyear Tire & Rubber Company
                                                December 4, 2000

By my signature below, I hereby acknowledge receipt of this Option granted on
the date shown above, which has been issued to me under the terms and conditions
of the Plan. I further acknowledge receipt of the copy of the Plan and agree to
conform to all of the terms and conditions of the Option and the Plan.

Signature: ___________________________________ Date: ______________________
                        Optionee

                                   X-10.2-9

<PAGE>   10

NQ/SAR Grant Agreement (Cont'd)                               December 6, 1999

PART I - NON-QUALIFIED STOCK OPTIONS

1. These Non-Qualified Stock Options for the number of shares of Common Stock
indicated on the preceding page (the "Options") and the Stock Appreciation
Rights granted in tandem with the Options (the "SARs") are granted to you under
and are governed by the terms and conditions of the Plan and this Grant
Agreement. Your execution and return of the enclosed copy of page 1 of this
Grant Agreement acknowledging receipt of the Options and SARs granted herewith
constitutes your agreement to and acceptance of all terms and conditions of the
Plan and this Grant Agreement, including a recognition of the Company's right to
specify whether or not you may exercise either the Options or the SARs at the
time you notify the Company of your intent to exercise. You also agree that you
have read and understand this Grant Agreement.

2. If the Company approves the exercise of an Option, you may exercise the
Non-Qualified Stock Options granted pursuant to this Grant Agreement through (1)
a cash payment in the amount of the full option exercise price of the shares
being purchased (a "cash exercise"), (2) a payment in full shares of Common
Stock having a Fair Market Value (as defined in the Plan) on the date of
exercise equal to the full option exercise price of the shares being purchased
(a "share swap exercise"), or (3) a combination of the cash exercise and share
swap exercise methods. Any exercise of these Non-Qualified Stock Options shall
be by written notice to the Company stating the number of shares of the Common
Stock to be purchased and the exercise method, accompanied with the payment, or
proper proof of ownership if the share swap exercise method is used. You shall
be required to meet the tax withholding obligations arising from any exercise of
Non-Qualified Stock Options.

3. If the Company approves the exercise of the SARs, written notice must be
given to the Company stating the number of shares in the Options in respect of
which the SARs are being exercised. In due course, you will receive payment in
cash in an amount equal to the difference between the Fair Market Value (as
defined in the Plan) of one share of the Common Stock on the date of exercise of
the SARs and the Option Exercise Price per Share specified in respect of the
Options times the number of shares in respect of which the SARs shall have been
exercised. Such payment shall be subject to reduction for withholding taxes.

4. As further consideration for the Non-Qualified Stock Options and SARs granted
to you hereunder, you must remain in the continuous employ of the Company or one
or more of its subsidiaries from the Date of Grant to the date or dates the
Non-Qualified Stock Options and SARs become exercisable as set forth on page one
of this Grant Agreement before you will be entitled to exercise the
Non-Qualified Stock Options and SARs granted. The Non-Qualified Stock Options
and SARs you have been granted shall not in any event be exercisable after your
termination of employment except for Retirement (defined as termination of
employment at any age after 30 or more years, or at age 55 or older with at
least 10 years of continuous service with the Company and its subsidiaries),
death, or Disability (defined as termination of employment while receiving
benefits under a long-term disability income plan provided by a government or
sponsored by the Company or one of its subsidiaries).

                                                                   Page 2 of 4

                                    X-10.2-10
<PAGE>   11
NQ/SAR Grant Agreement (Cont'd)                               December 4, 2000

5. The Options and SARs terminate automatically and shall not be exercisable
by you from and after the date on which you cease to be an employee of the
Company or one of its subsidiaries for any reason other than your death,
Retirement or Disability. In the event of your death, Retirement or Disability
while an employee of the Company or one of its subsidiaries (and having been an
employee continuously since the Date of Grant) during the exercise period on any
date which is more than six (6) months after the Date of Grant specified on the
first page of this Grant Agreement, the Options and SARs shall become
immediately exercisable and, except as provided below in the event of your
death, shall be exercisable by you for the remainder of the term of the
Option/SAR grant. In the event of your death, the Options and SARs may be
exercised up to three years after date of death by the person or persons to whom
your rights in the options passed by your will or according to the laws of
descent and distribution. Nothing contained herein shall restrict the right of
the Company or any of its subsidiaries to terminate your employment at any
time, with or without cause.

6. The Options and SARs you have been granted shall not in any event be
exercisable after the expiration of ten years from the Date of Grant specified
on the first page of this Grant Agreement and, to the extent not exercised,
shall automatically terminate at the end of such ten-year period.

7. Certificates for shares of the Common Stock purchased will be deliverable to
you or your agent, duly accredited to the satisfaction of the Company, at the
principal office of the Company in Akron, Ohio, or at such other place
acceptable to the Company as may be designated by you.

8. In the event you Retire or otherwise terminate your employment with the
Company or a subsidiary and within 18 months after such termination date you
accept employment with a competitor of, or otherwise engage in competition with,
the Company, the Committee, in its sole discretion, may require you to return,
or (if not received) to forfeit, to the Company the economic value of the
Options or SARs which you have realized or obtained by your exercise of the
Options or SARs granted hereunder at any time on or after the date which is six
months prior to the date of your termination of employment with the Company.
Additionally, if you have retired from the Company, all Options or SARs which
are granted to you hereunder and which you have not exercised prior to your
competitive engagement shall be automatically cancelled.

9. Each Option and SAR are not transferable by you otherwise than by will or the
laws of descent and distribution, and are exercisable during your lifetime only
by you.

10. All rights conferred upon you under the provisions of this Grant Agreement
are personal and, except under the provisions of paragraph 9 of this Grant
Agreement, no assignee, transferee or other successor in interest shall acquire
any rights or interests whatsoever under this Grant Agreement, which is made
exclusively for the benefit of you and the Company.

                                                                   Page 3 of 4

                                    X-10.2-11
<PAGE>   12

NQ/SAR Grant Agreement (Cont'd)                                December 4, 2000

11. Any notice to you under this Grant Agreement shall be sufficient if in
writing and if delivered to you or mailed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this
agreement shall be sufficient if in writing and if delivered to the Executive
Compensation Department of the Company in Akron, Ohio, or mailed by registered
mail directed to the Company for the attention of the Executive Compensation
Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you or the
Company may, by written notice, change the address. This Grant Agreement shall
be construed and shall take effect in accordance with the laws of the State of
Ohio.

12. Each Option and/or SAR may be exercised only at the times and to the extent,
and is subject to all of the terms and conditions, set forth in this Grant
Agreement, and in the Plan, including any rule or regulation adopted by the
Committee.

13. Your purchase of shares of Common Stock pursuant to the Options shall
automatically reduce by a like number the shares subject to the SARs and,
conversely, your exercise of any SARs shall automatically reduce by a like
number the shares of the Common Stock available for purchase by you under the
Options.

14. In agreeing to accept this grant, you clearly acknowledge that The Goodyear
Tire & Rubber Company assumes no responsibility for any regulatory or tax
consequences that arise from either the grant or exercise of the Options or the
SARs, whether under U.S. or foreign law, rules, regulations or treaties.

15. Prior to the exercise of an Option or SAR, written notice must be given to
the Company of your intent to exercise. The Company will then advise you whether
or not you may exercise a Stock Option or an SAR and upon receiving such advice
you may then exercise the Stock Option or the SAR.

                                                                   Page 4 of 4

                                    X-10.2-12

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