Document:

Third Amendment to Master Repurchase Agreement

 Exhibit 10.1 
 THIRD AMENDMENT TO MASTER REPURCHASE AGREEMENT 
 THIS THIRD AMENDMENT TO
MASTER REPURCHASE AGREEMENT (this “Amendment”), dated as of September 14, 2011, is made and entered into between and among HomeAmerican Mortgage Corporation, a Colorado corporation (the “Seller”), U.S. Bank
National Association, as Agent and representative of itself as a Buyer and the other Buyers (in such capacity, the “Agent”) and as a Buyer (in such capacity, “U.S. Bank”). 

RECITALS: 

A.        The Seller, U.S. Bank and the Agent are parties to that certain Master Repurchase
Agreement dated as of November 12, 2008, as amended by a First Amendment to Master Repurchase Agreement dated as of October 29, 2009 and as amended by a Second Amendment to Master Repurchase Agreement dated as of October 21, 2010 (the
“Repurchase Agreement”). 
 B.        The Seller and the Agent now
desire to amend certain provisions of the Repurchase Agreement as set forth herein. 
 AGREEMENT: 

In consideration of the premises herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 Section
1.        Definitions. Capitalized terms used and not otherwise defined in this Amendment have the meanings specified in the Repurchase Agreement. 

Section 2.        Amendments. The following amendments are made to the Repurchase
Agreement: 
 2.1.        The definition of “Termination Date”
in Section 1.2 of the Repurchase Agreement is amended by deleting the phrase “September 16, 2011” and substituting “September 30, 2011” in lieu thereof. 

Section 3.        Conditions Precedent and Effectiveness. This Amendment shall be
effective as of the date first above written, upon the occurrence of the following events: 

3.1.        delivery to the Agent of this Amendment duly executed by the Seller
in a quantity sufficient that the Agent and the Seller may each have a fully executed original of each such document; 
 3.2.        delivery to the Agent of such other documents as it may reasonably request; and 

3.3.        the Agent shall have received payment of all unpaid legal fees and
expenses incurred by the Agent through the date of this Amendment in connection with the Repurchase Agreement and this Amendment. 

 Section 4.        Miscellaneous. 

4.1.        Ratifications. The terms and provisions of this Amendment shall
modify and supersede all inconsistent terms and provisions of the Repurchase Agreement and the other Repurchase Documents, and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Repurchase Agreement and
each other Repurchase Document are ratified and confirmed and shall continue in full force and effect. Without limiting the generality of the foregoing, the Amended and Restated Fee Letter dated as of October 29, 2009, between the Seller and
the Agent is hereby ratified and confirmed and shall continue in full force and effect. 

4.2.        Seller Representations and Warranties. The Seller hereby
represents and warrants that (a) the representations and warranties made by the Seller in Article 15 of the Repurchase Agreement and in the other Repurchase Documents are true and correct in all material respects with the same force and effect
on and as of the date hereof as though made as of the date hereof, and (b) after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 

4.3.        Survival. The representations and warranties made by the
Seller in this Amendment shall survive the execution and delivery of this Amendment. 

4.4.        Reference to Repurchase Agreement. Each of the Repurchase
Documents, including the Repurchase Agreement and any and all other agreements, documents, or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Repurchase Agreement as amended hereby, is
hereby amended so that any reference in such Repurchase Document to the Repurchase Agreement refers to the Repurchase Agreement as amended and modified hereby. 
 4.5.        Applicable Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. 

4.6.        Successors and Assigns. This Amendment is binding upon and
shall inure to the benefit of the Agent, the Buyers, the Seller, and their respective successors and assigns, except that the Seller may not assign or transfer any of its rights or obligations hereunder without the prior written consent of the
Agent. 
 4.7.        Counterparts. This Amendment may be
executed in one or more counterparts, each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument. 

4.8.        Headings. The headings, captions, and arrangements used in
this Amendment are for convenience only and shall not affect the interpretation of this Amendment. 

4.9.        ENTIRE AGREEMENT. THIS AMENDMENT AND THE OTHER REPURCHASE
DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO WITH RESPECT TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED BY 

 

  
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EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES HERETO OR THERETO. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF the parties have caused this Amendment to be executed as of the date
first written above. 
 SELLER AND SERVICER: 

							
		 		 	HOMEAMERICAN MORTGAGE
		 		 	CORPORATION, as Seller and Servicer
				
		 		 	By:	 	/s/ John H. Heaney
		 		 	Name:	 	John J. Heaney
		 		 	Title:	 	Senior Vice President and Treasurer
		 		 	Date:	 	September 14, 2011

 AGENT AND BUYER: 

							
		 		 	U.S. BANK NATIONAL ASSOCIATION,
		 		 	as Agent and Buyer
				
		 		 	By:	 	/S/ EDWIN D. JENKINS
		 		 	Name:	 	Edwin D. Jenkins
		 		 	Title:	 	Senior Vice President
		 		 	Date:	 	September 13, 2011

  
 [Signature
Page to Third Amendment to Master Repurchase Agreement]Visteon Corporation 2010 Supplemental Executive Retirement Plan

 Exhibit 10.1 
 VISTEON CORPORATION 
 2010 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

 (As Amended and Restated Effective January 1, 2012) 

 VISTEON CORPORATION 

2010 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 The Visteon Corporation 2010 Supplemental Executive Retirement Plan (the “Plan”) was established, effective October 5, 2010, to promote the best interests of Visteon Corporation (the
“Company”) and the stockholders of the Company by attracting and retaining key management employees possessing a strong interest in the successful operation of the Company and its subsidiaries or affiliates and encouraging their continued
loyalty, service and counsel to the Company and its subsidiaries or affiliates. The Plan is amended and restated effective January 1, 2012, as set forth herein. 

  
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 ARTICLE I. DEFINITIONS AND CONSTRUCTION 

Section 1.01. Definitions. The following terms have the meanings indicated below unless the context in which the term is
used clearly indicates otherwise. 
 (a) Affiliate: A person or legal entity that directly or indirectly, through one or more
intermediaries, controls or is controlled by, or is under common control, with the Company, within the meaning of Code Sections 414(b) and (c); provided that Code Section 414(b) and (c) shall be applied by substituting “at least
fifty percent (50%)” for “at least eighty percent (80%) each place it appears therein. 
 (b) Annual Incentive:
The portion of the Visteon Corporation 2010 Incentive Plan, or any successor plan, that provides for incentive compensation that is awarded in the form of a cash bonus and that is based on a performance period of 12 months or less. 

(c) BalancePlus Program: Part B of the Visteon Pension Plan. 
 (d) Beneficiary: The person or entity designated by a Participant to be his or her beneficiary for purposes of this Plan (subject to such limitations as to the classes and number of beneficiaries and
contingent beneficiaries and such other limitations as the Committee may prescribe). A Participant’s designation of beneficiary shall be valid and in effect only if a properly executed designation, in such form as the Committee shall prescribe,
is filed and received by the Committee or its delegate prior to the Participant’s death. If a Participant designates his or her spouse as beneficiary, such beneficiary designation automatically shall become null and void on the date of the
Participant’s divorce or legal separation from such spouse. If a valid designation of beneficiary is not in effect at the time of the Participant’s death, the Participant’s surviving spouse, or if there is no surviving spouse, the
estate of the Participant, shall be deemed to be the sole beneficiary. If multiple beneficiaries have been designated and one or more of the beneficiaries predecease the Participant, then upon the Participant’s death, payment shall be made
exclusively to the surviving beneficiary or beneficiaries unless the Participant’s designation specifies an alternate method of distribution. Further, in the event that the Committee is uncertain as to the identity of the Participant’s
beneficiary, the Committee may deem the estate of the Participant to be the sole beneficiary. Beneficiary designations shall be in 

  
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writing (or in such other form as authorized by the Committee for this purpose, which may include on-line designations), shall be filed with the Committee or its delegate, and shall be in such
form as the Committee may prescribe for this purpose. 
 (e) Board: The Board of Directors of the Company. 

(f) Code: The Internal Revenue Code of 1986, as interpreted by regulations and rulings issued pursuant thereto, all as amended and in
effect from time to time. Any reference to a specific provision of the Code shall be deemed to include reference to any successor provision thereto. 
 (g) Committee: The Organization and Compensation Committee of the Board. 
 (h)
Company: Visteon Corporation, or any successor thereto. 
 (i) Covered Employment Classification: The employment positions
classified by the Company (or by a Participating Employer with the consent of the Company) as Leadership Level One, Leadership Level Two, Leadership Level Three, Leadership Level Four, elected Corporate Officer, Executive Leader, Senior Director,
Director or, prior to January 1, 2006, Senior Leader. 
 (j) Credited Service: 

 

	 	(i)	For purposes of determining supplemental benefits under Article II, the years and any fractional year of credited service attributable to employment through
June 30, 2006, without duplication and not exceeding one year for any calendar year, of the Participant under all the Retirement Plans; provided, that solely for purposes of this Plan as applied to a Participant who is a Transferred Group I or
II Employee as defined under the Visteon Pension Plan, and subject to Section 2.03, the Participant’s credited service under all of the Retirement Plans shall be deemed to include, to the extent not otherwise considered under the
Retirement Plans, the Participant’s credited service recognized under the General Retirement Plan of Ford Motor Company for employment through June 30, 2000. 

  
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	 	(ii)	For purposes of determining the Pension Equity Benefit under Section 3.03, the service through December 31, 2011 that is or would be recognized for the
Participant under the pension equity component of the BalancePlus Program, taking into account the modifications set forth in Section 3.03 of this Plan. 

 (k) Effective Date: October 5, 2010. 
 (l) Eligibility Service: Subject to
Section 2.06, service with a Participating Employer while employed in a Covered Employment Classification; provided, that in the case of a Participant who was covered under the Ford Motor Company Supplemental Executive Retirement Plan on
June 30, 2000, Eligibility Service recognized for such Participant under the Ford Motor Company Supplemental Executive Retirement Plan as of June 30, 2000 shall be recognized as Eligibility Service under this Plan. A Participant’s
Eligibility Service is not affected by the cessation of benefit accruals under Articles II and III. 
 (m) ERISA: The Employee
Retirement Income Security Act of 1974, as interpreted by regulations and rulings issued pursuant thereto, all as amended and in effect from time to time. Any reference to a specific provision of ERISA shall be deemed to include reference to any
successor provision thereto. 
 (n) Investment Options: One or more of the hypothetical investment options established by the
Committee from time to time. 
 (o) Participant: Subject to Section 2.06, a person who (i) is classified by a
Participating Employer as a common law employee and is enrolled on the active employment rolls of the Participating Employer, (ii) is regularly employed by a Participating Employer on a salaried basis (as distinguished from a pension,
retirement allowance, severance pay, retainer, commission, fee under a contract or other arrangement, or hourly, piecework or other wage), and (iii) either (A) is employed on December 31, 2011 in a Covered Employment Classification,
or (B) is an elected Corporate Officer. In addition, where the context so requires, the term Participant includes a former Participant who is entitled to receive a benefit hereunder. Effective January 1, 2012, the Plan is closed to new
Participants other than elected Corporate Officers. 

  
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 (p) Participating Employer: The Company, Visteon Global Technologies, Inc., Visteon
International Business Development, Inc., and each other subsidiary a majority of the voting stock of which is owned directly or indirectly by the Company or a limited liability company a majority of the membership interest of which is owned
directly or indirectly by the Company, that with the consent of the Committee, participates in the Plan for the benefit of one or more Participants in its employ. 
 (q) Pension Equity Benefit: The amount calculated under Section 3.03(a)(i)(B) and Section 3.03(c). This amount is determined (with certain modifications) by reference to the pension equity
formula of the BalancePlus Program. A pension equity benefit under Section 3.03 will be calculated for each Participant, whether or not the Participant is actually covered under the BalancePlus Program and/or the pension equity component of the
BalancePlus Program. 
 (r) Plan: The Visteon Corporation 2010 Supplemental Executive Retirement Plan, as amended and in effect
from time to time. 
 (s) Retirement Plans: Part A of the Visteon Pension Plan and the Salaried Retirement Plan of Visteon
Systems, LLC (as in effect prior to its merger into the Visteon Pension Plan), all as amended and in effect from time to time. The Retirement Plan includes the following components: 

 

	 	(i)	Contributory/Noncontributory Service Program: Part A of the Visteon Pension Plan or the Salaried Retirement Plan of Visteon Systems, LLC (as in effect prior to its
merger into the Visteon Pension Plan), excluding the portions of such programs that constitute the Cash Balance Program. 

  

	 	(ii)	Cash Balance Program: The portion of the Retirement Plan that calculates benefit accruals using a cash balance and/or pension equity formula, including, without
limitation, (A) the BalancePlus Component, and (B) the portions of Parts A of the Visteon Pension Plan and the Salaried Retirement Plan of Visteon Systems, LLC (as in effect prior to its merger into the Visteon Pension Plan) that calculate
benefit accruals using a cash balance formula. 

  
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 (t) Separation from Service: The date on which a Participant terminates employment from the
Company and all Affiliates, provided that (1) such termination constitutes a separation from service for purposes of Code Section 409A, and (2) the facts and circumstances indicate that the Company (or the Affiliate) and the
Participant reasonably believed that the Participant would perform no further services (either as an employee or as an independent contractor) for the Company (or the Affiliate) after the Participant’s termination date, or believed that the
level of services the Participant would perform for the Company (or the Affiliate) after such date (either as an employee or as an independent contractor) would permanently decrease such that the Participant would be providing insignificant services
to the Company or an Affiliate. For this purpose, a Participant is deemed to provide insignificant services to the Company or an Affiliate, and thus to have incurred a bona fide Separation from Service, if the Participant provides services at an
annual rate that is less than twenty percent (20%) of the services rendered by such Participant, on average, during the immediately preceding thirty-six (36) months of employment (or his or her actual period of employment if less).
Notwithstanding the foregoing, if a Participant takes a leave of absence from the Company or an Affiliate for the purpose of military leave, sick leave or other bona fide leave of absence, the Participant’s employment will be deemed to continue
for the first six (6) months of the leave of absence, or if longer, for so long as the Participant’s right to reemployment is provided either by statute or by contract; provided that if the leave of absence is due to a medically
determinable physical or mental impairment that can be expected to result in death or last for a continuous period of not less than six (6) months, where such impairment causes the Participant to be unable to perform the duties of his or her
position of employment or any substantially similar position of employment, the leave may be extended for up to twenty-nine (29) months without causing a Separation from Service. 

(u) SERP Eligibility Date: The date on which the Participant’s termination of employment with the Participating Employers occurs if
the Participant has, for each of at least five years of Eligibility Service immediately preceding the Participant’s termination of employment with a Participating Employer, been selected to participate in the Company’s Annual Incentive
program and has been granted a target bonus under such program of at least 

  
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30% of the Participant’s annual base salary rate in effect on the date the target bonus amount is established. A Participant’s SERP Eligibility Date may be after the date on which
benefit accruals under Articles II and III have ceased. 
 (v) Valuation Date: Each day on which the New York Stock Exchange is
open for business. 
 Section 1.02. Construction and Applicable Law. 

(a) Wherever any words are used in the masculine, they shall be construed as though they were used in the feminine in all cases where
they would so apply; and wherever any words are use in the singular or the plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases where they would so apply. Titles of articles and
sections are for general information only, and the Plan is not to be construed by reference to such items. 
 (b) This Plan is
intended to be a plan of deferred compensation maintained for a select group of management or highly compensated employees as that term is used in ERISA, and shall be interpreted so as to comply with the applicable requirements thereof. In all other
respects, the Plan is to be construed and its validity determined according to the laws of the State of Michigan to the extent such laws are not preempted by federal law. In case any provision of the Plan is held illegal or invalid for any reason,
the illegality or invalidity will not affect the remaining parts of the Plan, but the Plan shall, to the extent possible, be construed and enforced as if the illegal or invalid provision had never been inserted. 

  
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 ARTICLE II. SUPPLEMENTAL BENEFITS FOR PARTICIPANTS WITH 

RETIREMENT PLAN SERVICE (OTHER THAN SERVICE RECOGNIZED UNDER 
 THE CASH BALANCE PROGRAMS) 
 Section 2.01. Eligibility.
Subject to Section 2.05, a Participant who is covered under the Contributory/Noncontributory Service Program or under the Salaried Retirement Plan of Visteon Systems, LLC (as in effect prior to its merger into the Visteon Pension Plan) shall be
eligible to receive a supplemental benefit as provided in this Article II if the Participant: 
  

	 	(i)	is employed on or after the Effective Date; 

  

	 	(ii)	is employed in a Covered Employment Classification at termination of employment; and 

 

	 	(iii)	terminates employment with the approval of the Participating Employer and on such termination date the Participant satisfies the SERP Eligibility Date requirements.

 Section 2.02. Additional Definitions. For purposes of this Article II, the following terms have
the meanings indicated below: 
 (a) Final Five Year Average Base Salary: The average of the Participant’s Monthly Base
Salary for the five December 31 measurement dates coincident with or immediately preceding the earlier to occur of (i) December 31, 2011, or (ii) the first date on which the Participant retires from or otherwise ceases to be
employed in a Covered Employment Classification with the Company and its Affiliates. 
 (b) Monthly Base Salary: Subject to
Section 2.06, the monthly base salary paid to a Participant while employed in a Covered Employment Classification on a December 31 measurement date coincident with or immediately preceding the earlier to occur of (i) December 31,
2011, or (ii) the first date on which the Participant retires from or otherwise ceases to be employed in a Covered Employment Classification with the Company and its Affiliates. The Participant’s monthly base salary shall be determined
prior to giving effect to any salary 

  
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reduction agreement to which Section 125 or Section 402(a)(8) of the Code applies, and shall not include any other kind of extra or additional compensation. For purposes of this
subsection, base salary paid by Ford Motor Company prior to July 1, 2000 shall be treated as if paid by the Company. 

Section 2.03. Amount of Supplemental Benefit. 
 (a) Subject to Section 2.06, any reductions pursuant to subsections (b) and (c) below and to any limitations and reductions pursuant to other provisions of the Plan, the supplemental
benefit, when expressed in the form of a monthly life annuity with no survivor benefits commencing on the first day of the month next following the Participant’s termination of employment, shall be an amount equal to the Participant’s
Final Five Year Average Base Salary multiplied by the Participant’s years of Credited Service through June 30, 2006, and further multiplied by the Applicable Percentage based on the Covered Employment Classification in which the
Participant served immediately prior to his or her retirement, as follows: 
  

			
	 Covered Employment Classification Immediately Prior to Retirement
	  	Applicable Percentage
		
	 Chairman
	  	0.90%
		
	 President
	  	0.80%
		
	 Executive Vice President
	  	0.80%
		
	 Senior Vice President
	  	0.75%
		
	 Elected Vice President
	  	0.70%
		
	 Executive Leader (other than a Participant who was a Senior Leader on January 1, 2006 and who became an Executive Leader on
such date coincident with the elimination of the Senior Leader classification) or Leadership Level Two
	  	0.40%
		
	 Director, Senior Director or Senior Leader (including Participants who were classified as Senior Leaders on January 1, 2006
and who became either Executive Leaders or Senior Directors coincident with the elimination of the Senior Leader classification), Leadership Level Three, or Leadership Level Four
	  	0.20%

  
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 (b) For a Participant who is a Transferred Group I or II Employee as defined under
the Visteon Pension Plan and who is entitled to a benefit under the Ford Motor Company Supplemental Executive Retirement Plan, the monthly supplement benefit payable hereunder shall be reduced by the amount of the supplemental benefit to which
the Participant is entitled under the Ford Motor Company Supplemental Executive Retirement Plan (or to which the Participant would have been entitled under such plan except for any forfeiture of benefits attributable to the Participant’s
conduct), assuming commencement on the first day of the month next following the Participant’s termination of employment. In addition, the Committee may further adjust the monthly supplemental benefit payable to a Participant who is a
Transferred Group I or II Employee if such action is necessary or desirable as a result of changes in the Ford Motor Company Supplemental Executive Retirement Plan or if such action is otherwise necessary or desirable in order to avoid duplicative
benefits or to ensure that the Participant’s aggregate benefit from this Plan and from the Ford Motor Company Supplemental Executive Retirement Plan, and the allocation of benefits between such plans, is consistent with the Employee Transition
Agreement dated April 1, 2000 by and between the Company and Ford Motor Company, and any amendments thereto. 
 (c) For a
Participant who shall retire before age 62, the monthly supplemental benefit payable hereunder shall equal the amount calculated in accordance with subsections (a) and (b) immediately above, reduced by 5/18 of 1% multiplied by the number
of months from the later of the date the supplemental benefit commences, or age 55 in the case of earlier receipt by reason of disability retirement, to the first day of the month after the Participant would attain age 62. 

  
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 Section 2.04. Payments. Supplemental benefit payments shall be paid to the
Participant in the form of a single lump sum payment on the first day of the seventh month following the Participant’s Separation from Service. The amount of the lump sum payment will be equal to the present value of the monthly amount
calculated under Section 2.03 above, with such present value determined by using the discount rates and mortality tables that are used to calculate the obligations for the Plan as disclosed in the Company’s audited financial statements for
the year ended immediately prior to the year in which occurs the Participant’s Separation from Service, or, in the case of a Participant whose Separation from Service occurs prior to December 31, 2010, as disclosed in the reorganized
Company’s financial statements as of the business day prior to the Effective Date (the “Financial Statement Factors”). The lump sum present value is calculated in three ways, and the Participant is entitled to the greatest of the
three. Under the first calculation, the lump sum is equal to the sum of (i) the lump sum value determined when the monthly amount calculated under Section 2.03 is multiplied by an immediate annuity factor that is determined by reference to
the Financial Statement Factors and the Participant’s age at Separation from Service, and (ii) six months of interest, at the rate determined by reference to the Financial Statement Factors, on the amount determined under clause (i). Under
the second calculation, the lump sum is the amount determined when the monthly amount calculated under Section 2.03 is multiplied by an immediate annuity factor that is determined by reference to the Financial Statement Factors and the
Participant’s age at Separation from Service plus six months. Under the third calculation, which is applicable only if the Participant will be under age 55 at the benefit payment date, the lump sum is the amount determined when the monthly
amount calculated under Section 2.03 is multiplied by a deferred to age 55 annuity factor that is determined by reference to the Financial Statement Factors and the Participant’s age at Separation from Service. 

Section 2.05. Death Benefits. 
 (a) Death During Employment. If the Participant dies during employment, no benefit is payable under the Plan. 
 (b) Death After Termination But Prior to Benefit Payment. In the event a Participant who terminates from employment with an entitlement to a benefit dies prior to payment of such

  
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benefit, the benefit will be paid to the Participant’s Beneficiary in the form of a single lump sum payment (calculated in accordance with Section 2.04) on the first day of the seventh
month following the Participant’s Separation from Service. 
 (c) Death After Benefit Payment. If a Participant dies
on or after the date on which a lump sum payment of the Participant’s supplement benefit has been made, no further benefits are payable following the Participant’s death. 

Section 2.06. Special Rules for Certain Employees Affected by 2001 Work Force Restructuring Program. The following rules
shall apply to an employee who (i) was employed in a Covered Employment Classification immediately prior to the Company’s 2001 Work Force Restructuring (the “Restructuring”), and (ii) continued to be employed by a
Participating Employer following the Restructuring but, as a result of the Restructuring, ceased to be employed in a Covered Employment Classification: 
 (a) The employee will continue as a Participant in the Plan notwithstanding the employee’s transfer to a non-Covered Employment Classification. 

(b) The employee will continue to accumulate Eligibility Service for employment with a Participating Employer following the
Restructuring, and such employment shall be treated, for purposes of Section 1.01(o), 2.01, 2.02(b), 3.01(b) and 4.01(a) as if it were employment in an Eligible Employment Classification. 

(c) The amount of the employee’s supplemental benefit under Section 2.03 shall be based on the Covered Employment
Classification in which the employee was employed immediately prior to the Restructuring. 
 Section 2.07. Cessation
of Benefit Accruals. Notwithstanding anything in the Plan to the contrary, a Participant accrues a supplemental benefit pursuant to Article II only with respect to Credited Service (or other eligible service) through June 30, 2006 and only
with respect to Monthly Base Salary and Final Five Year Average Base Salary through December 31, 2011. Employment or service or compensation after these dates are not recognized under Article II for benefit accrual purposes. 

  
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 ARTICLE III. SUPPLEMENTAL BENEFITS FOR SERVICE RECOGNIZED UNDER 

THE CASH BALANCE PROGRAMS 
 Section 3.01. Eligibility. Subject to Section 3.05, a Participant shall be eligible to receive a supplemental benefit as provided in this Article III if the Participant:

 (a) is covered under and will receive a benefit from the Cash Balance Program; 

(b) is employed in a Covered Employment Classification at termination of employment; and 

(c) terminates employment with the approval of the Participating Employer and on such termination date the Participant satisfies the SERP
Eligibility Date requirements. 
 Section 3.02. Additional Definitions. For purposes of this Article III, the
following terms have the meanings indicated below: 
 (a) Compensation: For periods prior to January 1, 2012, the
Participant’s compensation as defined in the Cash Balance Program that is applicable for purposes of determining the Participant’s cash balance accruals, plus for any month while in a Covered Employment Classification, if not otherwise
recognized, any Annual Incentive amounts actually paid to the Participant (or that would have been paid to the Participant except for the Participant’s election to defer all or a portion of such payment), all as determined without regard to the
compensation limitation of Code Section 401(a)(17). Compensation on or after January 1, 2012 is not recognized under Article III. 
 (b) Final Average Compensation: The final average compensation that would be determined for the Participant under the BalancePlus Program (or that would be determined for the Participant under the
BalancePlus Program if the Participant is treated as being eligible for the pension equity component of the BalancePlus Program) for purposes of determining pension equity accruals, plus the average of the three highest consecutive Annual Incentive
amounts paid to the Participant (or that would have been paid to the Participant except for the Participant’s election to defer all or a portion of such payment) in each case during the 120 month period immediately preceding the earlier to
occur of (i) January 1, 2012, or (ii) the Participant’s termination of employment, all as determined without regard to the compensation limitation of Code Section 401(a)(17). 

  
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 Section 3.03. Amount of Supplemental Benefit. 

(a) Subject to any limitations and reductions pursuant to other provisions of the Plan, the supplemental benefit, when expressed in the
form of a life annuity without survivor benefits, shall be an amount equal to: 
  

	 	(i)	The greater of (A) the monthly annuity benefit that the Participant would have received under the Cash Balance Program (excluding any pension equity component) if
the Participant’s benefit under such program had been calculated in accordance with the modifications described in subsection (b) below, or (B) the monthly Pension Equity Benefit calculated in accordance with subsection
(c) below; minus 

  

	 	(ii)	The monthly annuity benefit to which the Participant is actually entitled under the Cash Balance Program (including any pension equity component); minus

  

	 	(iii)	The monthly annuity benefit to which the Participant is actually entitled under the Visteon Corporation 2010 Pension Parity Plan (prior to conversion of the benefit to
a single sum form of payment). 

 (b) The Cash Balance Program monthly annuity benefit for purposes of subsection
(a)(i)(A) above is the monthly annuity benefit to which the Participant would have been entitled under the Cash Balance Program (disregarding any pension equity component) if the Participant’s benefit under such program were calculated
consistent with the following modifications: 
  

	 	(i)	The limitations of Code Section 415 are disregarded; and 

  

	 	(ii)	For purposes of calculating a Participant’s cash balance benefit, the benefit is calculated by applying the definition of Compensation set forth in
Section 3.02(b) above in lieu of the definition set forth in the Cash Balance Program. 

  
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 (c) The Pension Equity Benefit for purposes of subsection (a)(i)(B) above is the monthly
annuity benefit to which the Participant would have been entitled under the pension equity component of the BalancePlus Program if the benefit were calculated consistent with the following: 

 

	 	(i)	The Participant is treated as being eligible for the pension equity component of the BalancePlus Program, whether or not the Participant is actually covered under the
BalancePlus Program and/or the pension equity component of the BalancePlus Program; 

  

	 	(ii)	The limitations of Code Section 415 are disregarded; 

  

	 	(iii)	For purposes of calculating the Pension Equity Benefit: 

  

	 	(A)	The benefit is calculated by applying a benefit multiplier of 15% in lieu of the 12.5% benefit multiplier specified in the BalancePlus Program;

  

	 	(B)	The benefit is calculated by applying the definition of Final Average Compensation set forth in Section 3.02(c) above in lieu of the definitions set forth in the
BalancePlus Program; and 

  

	 	(C)	The benefit is calculating by disregarding Credited Service (or other service) that is attributable to employment prior to July 1, 2006 by a Participant who during
such period was covered under the Contributory/Noncontributory Service Program or the Salaried Retirement Plan of Visteon Systems, LLC (as in effect prior to its merger into the Visteon Pension Plan). 

 

	 	(D)	The Participant’s Credited Service is calculating as if the provision in the BalancePlus Program that limits Credited Service to periods of eligible employment
through June 30, 2006 instead recognized eligible employment through December 31, 2011. 

  
 -15-

	 	(E)	The benefit is calculated by applying the following early commencement reduction factors in lieu of the early commencement factors set forth in the BalancePlus Program:

  

			
	 Applicable Period Preceding Participant’s Normal Retirement Date
	  	 Reduction

	 First 5 Years
	  	1.25% Per Year*
	 Years in Excess of 5 But Not More Than 20
	  	3.75% Per Year*
	 Years in Excess of 20
	  	Actuarially Equivalent Reduction*

  

	*	The reduction will be prorated for portions of a year, by multiplying the applicable reduction for a full year by a fraction, the numerator of which is the number of
full months in such partial year, and the denominator of which is 12. In addition, the reduction is cumulative, e.g., if the Applicable Period is 23 years prior to the Participant’s Normal Retirement Date, the reduction is 1.25% for each
of years one through five, 3.75% for each of years six through 20, and an Actuarially Equivalent reduction for years 21 through 23. The Actuarial Equivalence basis used for early retirement reductions in excess of 20 years is the same basis defined
in the BalancePlus Program. 

 (d) A Participant who becomes disabled while actively employed will continue to
accrue benefits under this Article III during the period of disability to the same extent that the Participant accrues benefits under the Cash Balance Program during the period of such disability; provided that no benefits shall accrue as a
result of this provision after December 31, 2011. 
 Section 3.04. Payment of Supplemental Benefit.
Payments shall be paid to the Participant in the form of a single lump sum payment on the first day of the seventh month following the Participant’s Separation from Service. The amount of the lump sum payment will be equal to the present value
of the gross monthly amount calculated under Section 3.03 above, with such present value determined by using the discount rates and mortality tables that are used to calculate the obligations for the Plan as disclosed in the Company’s
audited financial 

  
 -16-

 
statements for the year ended immediately prior to the year in which occurs the Participant’s Separation from Service or, in the case of a Participant whose Separation from Service occurs
prior to December 31, 2010, as disclosed in the reorganized Company’s financial statements as of the business day prior to the Effective Date (the “Financial Statement Factors”). The lump sum present value is calculated in three
ways, and the Participant is entitled to the greatest of the three. Under the first calculation, the lump sum is equal to the sum of (i) the lump sum value determined when the monthly amount calculated under Section 3.03 is multiplied by
an immediate annuity factor that is determined by reference to the Financial Statement Factors and the Participant’s age at Separation from Service, and (ii) six months of interest, at the rate determined by reference to the Financial
Statement Factors, on the amount determined under clause (i). Under the second calculation, the lump sum is the amount determined when the monthly amount calculated under Section 3.03 is multiplied by an immediate annuity factor that is
determined by reference to the Financial Statement Factors and the Participant’s age at Separation from Service plus six months. Under the third calculation, which is applicable only if the Participant will be under age 55 at the benefit
payment date, the lump sum is the amount determined when the monthly amount calculated under Section 3.03 is multiplied by a deferred to age 55 annuity factor that is determined by reference to the Financial Statement Factors and the
Participant’s age at Separation from Service. 
 Section 3.05. Death Benefits. 

(a) Death During Employment. If the Participant dies during employment, no benefit is payable under the Plan. 

(b) Death After Termination But Prior to Benefit Payment. In the event a Participant who terminates from employment with an
entitlement to a benefit dies prior to payment of such benefit, a death benefit will be paid to the Participant’s Beneficiary in the form a single lump sum payment. The amount of the death benefit will be equal to the actuarially equivalent
single sum value (calculated in accordance with Section 3.04) of the monthly annuity benefit that other-wise would have been payable under Section 3.03. Distribution shall be made as soon as practicable (and in no event more than 90 days
following) the date of the Participant’s death. 

  
 -17-

 (c) Death After Benefit Payment. If a Participant dies on or after the date on which
a lump sum payment of the Participant’s supplemental benefit has been made, no further benefits are payable following the Participant’s death. 
 Section 3.06. Cessation of Benefit Accruals. Notwithstanding anything in the Plan to the contrary, a Participant accrues a supplemental benefit pursuant to Article III only with respect
to Credited Service (or other eligible service), Compensation and Final Average Compensation through December 31, 2011. Employment or service or Compensation after December 31, 2011 is not recognized. 

  
 -18-

 ARTICLE IV. SUPPLEMENTAL BENEFITS FOR SERVICE ON OR AFTER 

JANUARY 1, 2012 
 Section 4.01. Eligibility. Subject to Section 4.06, a Participant shall be eligible to receive a supplemental benefit as provided in this Article IV if the Participant: 

(a) is employed in a Covered Employment Classification at termination of employment; and 

(b) terminates employment with the approval of the Participating Employer and on such termination date the Participant satisfies the SERP
Eligibility Date requirements; and 
 (c) for a Participant whose date of hire occurred prior to January 1, 2012, the
Participant is covered under and will receive a benefit from the Cash Balance Program. 
 Section 4.02.
Additional Definition. For purposes of this Article IV, Eligible Compensation means the base salary and Annual Incentive (if any) paid to the Participant during any month during which the Participant is employed in a Covered Employment
Classification, all as determined without regard to the compensation limitation of Code Section 401(a)(17). 

Section 4.03. Contribution Credits. 
 As of the last day of each month during which the Participant is employed in a Covered Employment Classification, the Company shall credit to a notional account for the Participant a Company contribution
credit equal to a percentage of the Eligible Compensation paid to the Participant during that month, as determined in accordance with the following schedule: 
  

			
	 Covered Employment Classification
	  	Contribution Credit as a Percentage of Eligible
Compensation
	 Director, Senior Director, Executive Leader and Vice President
	  	6%
	 Executive Vice President, Senior Vice President, Product Group President
	  	9%
	 Chief Executive Officer
	  	14.5%

  
 -19-

 Section 4.04. Deemed Investment of Participant Accounts. 

(a) The Committee may designate two or more Investment Options; provided that for any period prior to the date on which the Committee
designates such Investment Options, the Participant’s Account shall be credited with interest equivalent at the annual rate of 3.65%. The Committee’s designation of an Investment Option does not imply any obligation on the part of the
Participating Employers to set aside or otherwise invest funds in the designated Investment Option. The Investment Options serve merely as a device for determining the amount of deemed investment gain or loss to be credited or charged to the
Participant’s account. Further, the Committee may at any time modify the roster of available Investment Options, including the elimination of any Investment Option that was previously available under the Plan. 

(b) In accordance with uniform rules prescribed by the Committee, from and after the date on which the Committee permits a Participant to
make an election with respect to the deemed investment of his or her account, a Participant may designate, in such manner as the Committee may prescribe (which may include a requirement to use an on-line election system), how his or her account
balance shall be deemed to be invested among the Investment Options or to change a previous investment designation. A Participant, in his or her investment designation, shall indicate whether the investment designation shall operate (i) to
reallocate the account balance (as of the effective date of the election) in the percentages specified by the Participant in his or her investment election, and/or (ii) as a direction with respect to the deemed investment of future Company
contribution credits. Subject to Section 4.04(a), if the Participant fails to make a timely and complete investment designation with respect to any portion of the Participant’s account, he or she shall be deemed to have elected that 100%
of portion of the account balance for which no direction has been received shall be deemed to be invested in the default Investment Option specified by the Committee. 
 (c) When selecting more than one Investment Option, the Participant shall designate, in whole multiples of 1% or such other percentage determined by the Committee, the percentage to be allocated to each
Investment Option. 
 (d) A Participant’s investment election or deemed investment election shall become effective on the
date established by the Committee for this purpose, and shall remain in effect unless and until modified by a subsequent election that becomes effective in accordance with the rules of this Section. 

  
 -20-

 (e) Other than a reallocation of part or all of a Participant’s account balance
pursuant to a revised investment election submitted by the Participant, the deemed investment allocation of a Participant will not be adjusted to reflect differences in the relative investment return realized by the various hypothetical Investment
Options that the Participant has designated, i.e., in the absence of a new election, the Participant’s account will not be periodically “rebalanced” to return the investment allocation of the Participant’s account to the
investment allocation in effect on the effective date of the Participant’s most recent investment election. 
 (f) Subject
to Section 4.04(a), as of each Valuation Date, the account of each Participant will be credited (or charged) based upon the investment gain (or loss) that the Participant would have realized with respect to his or her account since the
immediately preceding Valuation Date had the Account been invested in accordance with the terms of the Plan and (if applicable) the Participant’s actual or deemed investment election. 

Section 4.05. Payment. 
 (a) Supplemental benefits with respect to eligible employment on or after January 1, 2012 accrue on a defined contribution basis. The benefit payable to a Participant who is eligible for supplemental
benefits will be equal to the balance in the Participant’s notional account, consisting of the sum of the Company contribution credits and deemed interest or investment gain or loss. 

(b) If the Participant incurs a Separation from Service and is eligible for a supplemental benefit under Section 4.01, the
Participant will receive payment in the form of a single lump sum on the first day of the seventh month following the Participant’s Separation from Service. The amount of the lump sum payment will be equal to the balance in the
Participant’s Account on the Valuation Date immediately preceding the payment date (the date on which the distribution is processed). 

  
 -21-

 Section 4.06. Death Benefits. 

(a) Death During Employment. If the Participant dies during employment, no benefit is payable under the Plan. 

(b) Death After Termination But Prior to Benefit Payment. In the event a Participant who terminates from employment with an
entitlement to a benefit dies prior to payment of such benefit, a death benefit will be paid to the Participant’s Beneficiary in the form a single lump sum payment. The amount of the death benefit will be equal to the balance in the
Participant’s notional account as of the Valuation Date that immediately precedes distribution of the account. Distribution shall be made as soon as practicable (and in no event more than 90 days following) the date of the Participant’s
death. 
 (c) Death After Benefit Payment. If a Participant dies on or after the date on which a lump sum payment of the
Participant’s supplemental benefit has been made, no further benefits are payable following the Participant’s death. 

  
 -22-

 ARTICLE V. ADDITIONAL BENEFITS 

Section 5.01. Additional Benefits for Certain Officers. 

(a) This paragraph applies to a Participant who was the Company’s Vice President, Corporate Controller and Chief Accounting Officer
on December 30, 2004. Such Participant shall be entitled to an additional cash balance benefit or an additional pension equity benefit under this Plan. The additional cash balance benefit shall be equal to the sum of the contribution credits
accrued under the Visteon Pension Plan, the Visteon Corporation Pension Parity Plan and Article III of this Plan during the Participant’s first five years of service, and interest credits thereon. The additional pension equity benefit shall be
calculated by crediting the Participant with one additional year of Credited Service or fraction thereof for each year of Credited Service or fraction thereof accrued by the Participant under Article III of this Plan, not to exceed five additional
years. 
 (b) This paragraph applies to a Participant who was the Company’s Chief Operating Officer on May 23, 2005.
Such Participant shall be entitled to an additional cash balance benefit or an additional pension equity benefit under this Plan. The additional cash balance benefit shall be equal to the sum of the contribution credits accrued under the Visteon
Pension Plan, the Visteon Corporation Pension Parity Plan and Article III of this Plan, and interest credits thereon. The additional pension equity benefit shall be calculated by crediting the Participant with one additional year of Credited Service
or fraction thereof for each year of Credited Service or fraction thereof accrued by the Participant under Article III of this Plan. In addition, the Participant shall be credited as of May 23, 2005 with an opening cash balance of $1,200,000.00
under Article III. Upon retirement, the Participant’s benefit under this Plan shall be adjusted so that the Participant’s aggregate accrued benefit payable from all qualified and nonqualified retirement plans upon retirement from the
Company will not be less than the greater of the actuarial equivalent value of (a) the aggregate benefit payable to the participant under the Visteon Pension Plan, the Visteon Corporation Pension Parity Plan and this Plan minus the
$1,200,000.00 opening cash balance and interest credits attributable thereto or (b) the $1,200,000.00 SERP opening cash balance plus interest credits accrued to the date of retirement. The foregoing provisions will not apply if, prior to the
fifth anniversary of the Participant’s 

  
 -23-

 
employment with the Company, the Company terminates the Participant’s employment for Cause (termination due to Disability shall not be considered to be for Cause) or the Participant
terminates employment with the Company for other than Good Reason. The terms Cause, Disability and Good Reason shall have the meanings assigned to such terms in the May 20, 2005 Letter Agreement between the Participant and the Company.

 (c) This paragraph applies to a Participant who was the Company’s Senior Vice President, Human Resources on
December 14, 2006. Such Participant shall be entitled to an additional cash balance benefit or an additional pension equity benefit under this Plan. The additional cash balance benefit shall be equal to the sum of the contribution credits
accrued under the Visteon Pension Plan, the Visteon Corporation Pension Parity Plan and Article III of this Plan during the Participant’s first five years of service, and interest credits thereon. The additional pension equity benefit shall be
calculated by crediting the Participant with one additional year of Credited Service or fraction thereof for each year of Credited Service or fraction thereof accrued by the Participant under Article III of this Plan, not to exceed five additional
years. 
 (d) Any additional benefits under this Section that are calculated by reference to the benefit formula described in
Article II of this Plan shall be paid in accordance with Article II of this Plan as if the benefits had been initially calculated under that Article. Similarly, any additional benefits under this Section that are calculated by reference to the
benefit formula described in Article III of this Plan shall be paid in accordance with Article III of this Plan as if the benefits had been initially calculated under that Article. 

  
 -24-

 ARTICLE VI. EARNING OUT CONDITIONS 

Section 6.01. Conditions Applicable to Continued Payment of Award. 

(a) Anything herein contained to the contrary notwithstanding, the right of any Participant to receive any benefit payment hereunder
shall accrue only if, during the entire period ending with the scheduled payment date, the Participant shall have earned out such payment by refraining from engaging in any activity that is directly or indirectly in competition with any activity of
the Company or any subsidiary or affiliate thereof. The Committee shall have the sole and absolute discretion to determine whether a Participant’s activities constitute competition with the Company, and the Committee may promulgate such rules
and regulations in this regard as it deems appropriate. 
 (b) In the event of a Participant’s nonfulfillment of the
condition set forth in the immediately preceding paragraph, no further payment shall be made to the Participant or the Beneficiary; provided, however, that the nonfulfillment of such condition may at any time (whether before, at the time of or
subsequent to termination of employment) be waived in the following manner: 
  

	 	(i)	with respect to any such Participant who at any time shall have been a member of the Board of Directors, the President, an Executive Vice President, a Senior Vice
President, a Vice President, the Treasurer, the Controller or the Secretary of the Company, such waiver may be granted by the Committee upon its determination that in its sole judgment there shall not have been and will not be any substantial
adverse effect upon the Company or any subsidiary or affiliate thereof by reason of the nonfulfillment of such condition; and 

  

	 	(ii)	with respect to any other such Participant, such waiver may be granted by the Retirement Committee designated under the Visteon Pension Plan upon its determination that
in its sole judgment there shall not have been and will not be any such substantial adverse effect. 

  
 -25-

 (c) Anything herein contained to the contrary notwithstanding, benefit payments shall not be
paid to or with respect to any person as to whom it has been determined that such person at any time (whether before or subsequent to termination of employment) acted in a manner detrimental to the best interests of the Company. Any such
determination shall be made by (i) the Committee with respect to any Participant who at any time shall have been a member of the Board of Directors, an Executive Vice President, a Senior Vice President, a Vice President, the Treasurer, the
Controller or the Secretary of the Company, and (ii) the Retirement Committee designated under the Visteon Pension Plan with respect to any other Participant, and shall apply to any amounts payable after the date of the applicable
committee’s action hereunder, regardless of whether the Participant has commenced receiving benefit payments hereunder. Conduct which constitutes engaging in an activity that is directly or indirectly in competition with any activity of the
Company or any subsidiary or affiliate thereof shall be governed by subsections (a) and (b) above and shall not be subject to any determination under this subsection (c). 

  
 -26-

 ARTICLE VII. GENERAL PROVISIONS 

Section 7.01. Administration and Interpretation. 

(a) Subject to subsection (b) below, the Committee shall administer and interpret the Plan. 

(b) Subject to such limits as the Committee may from time to time prescribe or such additional or contrary delegations of authority as
the Committee may prescribe, the Company’s Director of Compensation and Benefits may exercise any of the authority and discretion granted to the Committee hereunder, provided that (i) the Director of Compensation and Benefits shall not be
authorized to amend the Plan, and (ii) the Director of Compensation and Benefits shall not exercise any authority and responsibility with respect to non-ministerial matters affecting the participation in the Plan by the Director of Compensation
and Benefits. To the extent that the Director of Compensation and Benefits is authorized to act on behalf of the Committee, any references herein to the Committee shall be also be deemed references to the Director of Compensation and Benefits.

 (c) The Committee may adopt and modify rules and regulations relating to the Plan as it deems necessary or advisable for the
administration of the Plan. The Committee shall have the discretionary authority to interpret and construe the Plan, to make benefit determination (and benefit adjustments) under the Plan, and to take all other actions that may be necessary or
appropriate for the administration of the Plan. Each determination, interpretation or other action made or taken pursuant to the provisions of the Plan by the Committee shall be final and shall be binding and conclusive for all purposes and upon all
persons, including, but without limitation thereto, the Company, its stockholders, the Participating Employers, the directors, officers, and employees of the Company or a Participating Employer, the Plan participants, and their respective successors
in interest. 
 Section 7.02. Restrictions to Comply with Applicable Law. Notwithstanding any other provision
of the Plan, the Company shall have no liability to make any payment under the Plan unless such delivery or payment would comply with all applicable laws and the applicable requirements of any securities exchange or similar entity. 

  
 -27-

 Section 7.03. Deductions and Offsets. Anything contained in the Plan
notwithstanding, a Participating Employer may deduct from any distribution hereunder, at the time payment is otherwise due and payable under the Plan, all amounts owed to the Company or a Participating Employer by the Participant for any reason, or
the Company may offset any amounts owing to it or an Affiliate by the Participant for any reason against the Participant’s benefit, whether or not the benefit is then payable, up to the maximum amount that may be offset without violating Code
Section 409A. 
 Section 7.04. Tax Withholding. A Participating Employer shall withhold from any benefit
payment amounts required to be withheld for Federal and State income and other applicable taxes. No later than the date as of which an amount first becomes includible in the income of the Participant for employment tax purposes, the Participant
shall pay or make arrangements satisfactory to the Company regarding the payment of any such tax. In addition, if prior to the date of distribution of any amount hereunder, the Federal Insurance Contributions Act (FICA) tax imposed under Code
Sections 3101, 3121(a) and 3121(v)(2), where applicable, becomes due, the Company may direct that the Participant’s benefit be reduced to reflect the amount needed to pay the Participant’s portion of such tax. 

Section 7.05. Claims Procedure. 
 (a) Claim for Benefits. Any Participant or Beneficiary (hereafter referred to as the “claimant”) under this Plan who believes he or she is entitled to benefits under the Plan in an amount
greater than the amount received may file, or have his or her duly authorized representative file, a claim with the Committee. not later than ninety (90) days after the payment (or first payment) is made (or should have been made) in accordance
with the terms of the Plan or in accordance with regulations issued by the Secretary of the Treasury under Code Section 409A. Any such claim shall be filed in writing stating the nature of the claim, and the facts supporting the claim, the
amount claimed and the name and address of the claimant. The Committee shall consider the claim and answer in writing stating whether the claim is granted or denied. If the Committee denies the claim, it shall deliver, within one hundred thirty-five
(135) days of the date the first payment was made (or should have been made) in accordance with the terms of the Plan or in accordance with regulations issued by the Secretary of the Treasury under Code Section 409A,

  
 -28-

 
a written notice of such denial decision. The written decision shall be within 90 days of receipt of the claim by the Committee (or 180 days if additional time is needed and the claimant is
notified of the extension, the reason therefor and the expected date of determination prior to commencement of the extension). If the claim is denied in whole or in part, the claimant shall be furnished with a written notice of such denial
containing (i) the specific reasons for the denial, (ii) a specific reference to the Plan provisions on which the denial is based, (iii) an explanation of the Plan’s appeal procedures set forth in subsection (b) below,
(iv) a description of any additional material or information which is necessary for the claimant to submit or perfect an appeal of his or her claim and (v) an explanation of the Participant’s or Beneficiary’s right to bring suit
under ERISA following an adverse determination upon appeal. 
 (b) Appeal. If a claimant wishes to appeal the denial of
his or her claim, the claimant or his or her duly authorized representative shall file a written notice of appeal to the Committee within 180 days after the payment (or first payment) is made (or should have been made) in accordance with the terms
of the Plan or in accordance with regulations issued by the Secretary of the Treasury under Code Section 409A In order that the Committee may expeditiously decide such appeal, the written notice of appeal should contain (i) a statement of
the ground(s) for the appeal, (ii) a specific reference to the Plan provisions on which the appeal is based, (iii) a statement of the arguments and authority (if any) supporting each ground for appeal, and (iv) any other pertinent
documents or comments which the appellant desires to submit in support of the appeal. The Committee shall decide the appellant’s appeal within 60 days of its receipt of the appeal (or 120 days if additional time is needed and the claimant is
notified of the extension, the reason therefore and the expected date of determination prior to commencement of the extension). The Committee’s written decision shall contain the reasons for the decision and reference to the Plan provisions on
which the decision is based. If the claim is denied in whole or in part, such written decision shall also include notification of the claimant’s right to bring suit for benefits under Section 502(a) of ERISA and the claimant’s right
to obtain, upon request and free of charge, reasonable access to and copies of all documents, records or other information relevant to the claim for benefits. 

  
 -29-

 Section 7.06. Participant Rights Unsecured. 

(a) Unsecured Claim. The right of a Participant or his or her Beneficiary to receive a distribution hereunder shall be an
unsecured claim, and neither the Participant nor any Beneficiary shall have any rights in or against any amount credited to his or her Account or any other specific assets of a Participating Employer. The right of a Participant or Beneficiary to the
payment of benefits under this Plan shall not be assigned, encumbered, or transferred, except by will or the laws of descent and distribution. The rights of a Participant hereunder are exercisable during the Participant’s lifetime only by the
Participant or the Participant’s guardian or legal representative. 
 (b) Contractual Obligation. The Company may
authorize the creation of a trust or other arrangements to assist it in meeting the obligations created under the Plan. However, any liability to any person with respect to the Plan shall be based solely upon any contractual obligations that may be
created pursuant to the Plan. No obligation of a Participating Employer shall be deemed to be secured by any pledge of, or other encumbrance on, any property of a Participating Employer. Nothing contained in this Plan and no action taken pursuant to
its terms shall create or be construed to create a trust of any kind, or a fiduciary relationship between a Participating Employer and any Participant or Beneficiary, or any other person. 

Section 7.07. No Contract of Employment. The Plan is an expression of the Company’s present policy with respect
to Company executives who meet the eligibility requirements set forth herein. The Plan is not a contract of employment, nor does it provide any Participant with a right to continue in the employment of the Company or any other entity. No
Participant, Beneficiary or other person shall have any legal or other right to any benefit payments except in accordance with the terms of the Plan, and then only while the Plan is in effect and subject to the Company’s right to amend or
terminate the Plan as provided in Section 7.07 below. 
 Section 7.08. Amendment or Termination. There
shall be no time limit on the duration of the Plan. However, the Company, by action of the Senior Vice President, Human Resources, may at any time and for any reason, amend or terminate the Plan; provided that (a) the Committee shall have the
exclusive amendment authority with respect to any amendment that, if adopted, would increase the benefits payable under the Plan, (b) any termination of the Plan 

  
 -30-

 
shall be implemented in accordance with the requirements of Code Section 409A, and (c) no Plan amendment or termination may reduce or eliminate a Participant’s benefit accrued
under the Plan prior to the date on which such amendment or termination is adopted (or if later, made effective). 

Section 7.09. Administrative Expenses. Costs of establishing and administering the Plan will be paid by the
Participating Employers. 
 Section 7.10. No Assignment of Benefits. No rights or benefits under the Plan
shall, except as otherwise specifically provided by law, be subject to assignment (except for the designation of beneficiaries pursuant to subsection (d) of Section 1.01), nor shall such rights or benefits be subject to attachment or legal
process for or against a Participant or his or her Beneficiary. 
 Section 7.11. Successors and Assigns. This
Plan shall be binding upon and inure to the benefit of the Participating Employers, their successors and assigns and the Participants and their heirs, executors, administrators, and legal representatives. 

Section 7.12. Designated Payment Dates. Whenever a provision of this Plan specifies payment to be
made on a particular date, the payment will be treated as having been made on the specified date if it is made as soon as practicable following the designated date, provided that (a) the Participant is not permitted, either directly or
indirectly, to designate the taxable year of payment and (b) payment is made no later than the 15th day of the third calendar month following the designated payment date. 

Section 7.13. Permitted Delay in Payment. If a distribution required under the terms of this Plan would jeopardize the
ability of the Company or of an Affiliate to continue as a going concern, the Company or the Affiliate shall not be required to make such distribution. Rather, the distribution shall be delayed until the first date that making the distribution does
not jeopardize the ability of the Company or of an Affiliate to continue as a going concern. Further, if any distribution pursuant to the Plan will violate the terms Federal securities law or any other applicable law, then the distribution shall be
delayed until the earliest date on which making the distribution will not violate such law. 

  
 -31-

 Section 7.14. Disregard of Six Month Delay. Notwithstanding anything
herein to the contrary, if at the time of a Participant’s Separation from Service, the stock of the Company or any other related entity that is considered a “service recipient” within the meaning of Section 409A of the Code is
not traded on an established securities market or otherwise, then the provision of the Plan requiring that payments be delayed for six months (with payment to be made on the first day of the seventh month) following Separation from Service shall
cease to apply to the extent that such action is permitted under Code Section 409A . In such event, in the case of a benefit payment of which is triggered by the Participant’s Separation from Service, the lump sum payment of a
Participant’s benefit shall be made within 90 days following the Participant’s Separation from Service. 
  

	
	VISTEON CORPORATION
	
	 /s/ Keith M. Shull

	Keith M. Shull
	Senior Vice President, Human Resources
	
	 October 28, 2011

	Date

  
 -32-

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