Document:

Exhibit 4.1

    
      
        

      

    

    Exhibit
      4.1

     

     

     

     

    SAVINGS
      AND STOCK INVESTMENT PLAN 

    FOR
      SALARIED EMPLOYEES

    

    (As
      amended effective through April 13, 2006)

     

     

    
 

    

      
        	 	
                Including
                  amendments made November 8, 2001; November 27, 2001; December 13,
                  2001;
                  February 11, 2002; August 20, 2002; December 11, 2002; October
                  1, 2003;
                  March 24, 2004;
                  June
                  21, 2004; August 30, 2004; November 30, 2004; April 8, 2005; June
                  28,
                  2005; October 7, 2005.

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

    

      
        	
                ARTICLE
                  I - DEFINITIONS

              	
                2

              
	 	
                 

              
	
                ARTICLE
                  II - ELIGIBILITY

              	
                9

              
	 	
                 

              
	
                2.1

              	
                Eligibility
                  Date

              	
                9

              
	
                2.2

              	
                Participation

              	
                9

              
	
                (a)

              	
                After-Tax
                  and Pre-Tax Contributions

              	
                9

              
	
                (b)

              	
                Rollover
                  Contributions

              	
                9

              
	
                2.3

              	
                Service
                  Included in Connection With Certain Transactions

              	
                9

              
	
                2.4

              	
                Certain
                  Leaves of Absence

              	
                10

              
	
                 

              	 	
                 

              
	
                ARTICLE
                  III - CONTRIBUTIONS

              	
                11

              
	 	
                 

              
	
                3.1.

              	
                Types
                  of Contributions

              	
                11

              
	
                (a)

              	
                After-Tax
                  Contributions

              	
                11

              
	
                (b)

              	
                Pre-Tax
                  Contributions

              	
                11

              
	
                (c)

              	
                Catch-Up
                  Contributions

              	
                12

              
	
                (d)

              	
                Company
                  Matching Contributions

              	
                13

              
	
                (e)

              	
                Rollover
                  Contributions

              	
                13

              
	
                (f)

              	
                Direct
                  Transfer of Assets from Another Qualified Plan

              	
                14

              
	
                3.2

              	
                Transfer
                  of Assets from Savings Plan of a Subsidiary by Which Participant
                  Was
                  Formerly Employed

              	
                15

              
	
                3.3

              	
                Contributions
                  Following Service in a Uniformed Service

              	
                15

              
	
                3.4

              	
                Limitations
                  on Contributions

              	
                16

              
	
                (a)

              	
                Definitions

              	
                16

              
	
                (b)

              	
                Limitation
                  on Compensation Taken Into Account

              	
                17

              
	
                (c)

              	
                Annual
                  Limit on Pre-Tax Contributions

              	
                17

              
	
                (d)

              	
                Limitations
                  on Contributions Applicable to Highly Compensated
                  Employees

              	
                17

              
	
                (e)

              	
                Limitations
                  on Contributions under Section 415 of the Internal Revenue
                  Code.

              	
                19

              
	
                (1)

              	
                Limitation

              	
                19

              
	
                (2)

              	
                Annual
                  Addition

              	
                20

              
	
                (3)

              	
                Limitation
                  Year

              	
                20

              
	
                (4)

              	
                Compensation

              	
                20

              
	
                (5)

              	
                Order
                  of Application of Limitations

              	
                20

              
	
                (6)

              	
                Participants
                  In Plans of Subsidiaries or Affiliated Employer

              	
                21

              
	
                3.5

              	
                Return
                  of Contributions in Excess of Limitations

              	
                21

              
	
                3.6

              	
                Delivery
                  of Contribution to Trustee

              	
                22

              
	
                (a)

              	
                After-Tax
                  Contributions and Loan Payments

              	
                22

              
	
                (b)

              	
                Company
                  Contributions

              	
                22

              
	
                3.7

              	
                Participant's
                  Rights Not Transferable

              	
                23

              
	 	 	 
	
                ARTICLE
                  IV - INVESTMENT ELECTIONS

              	
                24

              
	 	
                 

              
	
                4.1

              	
                Participant's
                  Election As to Investment of Funds

              	
                24

              
	
                4.2

              	
                Transfer
                  of Assets to Other Investment Elections

              	
                24

              
	 	 	
                 

              
	
                ARTICLE
                  V - VESTING AND FORFEITURE OF ASSETS ATTRIBUTABLE TO COMPANY MATCHING
                  CONTRIBUTIONS

              	
                27

              
	 	 
	
                5.1

              	
                Vesting

              	
                27

              
	
                (a)

              	
                Pre-Tax
                  Contributions and After-Tax Contributions

              	
                27

              
	
                (b)

              	
                Company
                  Matching Contributions

              	
                27

              
	
                (c)

              	
                Assets
                  Transferred from Savings Plan of a Subsidiary

              	
                28

              
	
                (d)

              	
                Land
                  Rover North America, Inc. 401(k) Retirement Savings
                  Plan

              	
                28

              
	
                5.2

              	
                Forfeiture

              	
                28

              

      

       

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

       

      
        	
                (a)

              	
                Termination
                  of Employment

              	
                28

              
	
                (b)

              	
                Withdrawal
                  of Assets

              	
                29

              
	
                 

              	 	
                 

              
	
                ARTICLE
                  VI - LOANS TO PARTICIPANTS

              	
                30

              
	 	
                 

              
	
                ARTICLE
                  VII - WITHDRAWALS, DISTRIBUTIONS AND TRANSFERS

              	
                32

              
	 	
                 

              
	
                7.1

              	
                Withdrawal
                  by Participants of Assets Prior to Termination of
                  Employment.

              	
                32

              
	
                (a)

              	
                Pre-Tax
                  Contributions

              	
                32

              
	
                (b)

              	
                After-Tax
                  Contributions

              	
                32

              
	
                (c)

              	
                Company
                  Matching Contributions

              	
                32

              
	
                (d)

              	
                Systematic
                  Withdrawals of Pre-Tax Contributions, After-Tax Contributions and
                  Company
                  Matching Contributions After Attainment of Age
                  59-l/2

              	
                33

              
	
                (e)

              	
                Pre-Tax
                  Contributions, After-Tax Contributions and Company Matching Contributions
                  After Attainment of Age 70-l/2

              	
                33

              
	
                (f)

              	
                Assets
                  Attributable to a Rollover into PRIMUS Automotive Financial Services,
                  Inc.
                  Prime Account

              	
                33

              
	
                7.2

              	
                Withdrawal
                  by Participant of Assets at or After Termination of
                  Employment.

              	
                33

              
	
                (a)

              	
                General

              	
                33

              
	
                (b)

              	
                Ordinary
                  Withdrawals

              	
                33

              
	
                (c)

              	
                Systematic
                  Withdrawals

              	
                34

              
	
                (d)

              	
                Withdrawals
                  Over Life Expectancy

              	
                34

              
	
                7.3

              	
                Mandatory
                  Distributions

              	
                34

              
	
                (a)

              	
                General

              	
                34

              
	
                (b)

              	
                Termination
                  of Employment

              	
                35

              
	
                (c)

              	
                Attainment
                  of Age 70-l/2 by an Employee Who Has Not Terminated
                  Employment

              	
                36

              
	
                (d)

              	
                Dividends
                  on Stock in the Ford Stock Fund

              	
                36

              
	
                (e)

              	
                Death
                  of a Participant

              	
                37

              
	
                7.4

              	
                Conditions
                  Applicable to Withdrawals and Distributions

              	
                40

              
	
                (a)

              	
                Effective
                  Date of Withdrawal

              	
                40

              
	
                (b)

              	
                Assets
                  Delivered and Forfeiture of Non-Vested Company Matching
                  Contributions

              	
                40

              
	
                (c)

              	
                Distribution
                  and Delivery

              	
                40

              
	
                (d)

              	
                Form
                  of Distribution from Ford Stock Fund

              	
                40

              
	
                (i)

              	
                Whole
                  Shares

              	
                40

              
	
                (ii)
                  

              	
                Fractional
                  Interest

              	
                40

              
	
                (e)

              	
                Forfeiture

              	
                40

              
	
                (f)

              	
                Redeposits

              	
                41

              
	
                (g)

              	
                Direct
                  Rollovers

              	
                42

              
	
                (h)

              	
                Reduction
                  for Loans

              	
                43

              
	
                (i)

              	
                Assets
                  Held for Benefit of Alternate Payee

              	
                43

              
	
                (j)

              	
                Amounts
                  Payable to Incompetents or Minors

              	
                43

              
	
                (k)

              	
                Forfeiture
                  Upon Inability to Locate or Identify Participant or
                  Beneficiary

              	
                43

              
	
                (l)

              	
                Termination
                  of Employment

              	
                43

              
	
                7.5

              	
                Termination
                  of Employment" Defined

              	
                44\

              
	
                (a)

              	
                General

              	
                44

              
	
                (b)

              	
                Definitions

              	
                45

              
	 	 	
                 

              
	
                ARTICLE
                  VIII - INVESTMENT OPTIONS

              	
                46

              
	 	
                 

              
	
                8.1

              	
                Ford
                  Stock Fund

              	
                46

              
	
                (a)

              	
                Investment
                  Standard

              	
                46

              
	
                (b)

              	
                Investments

              	
                46

              
	
                (c)

              	
                Ford
                  Stock Fund Units

              	
                47

              
	
                (d)

              	
                Ford
                  Stock Fund Unit Prices

              	
                47

              
	
                (e)

              	
                Distribution
                  and Withdrawal From Ford Stock Fund

              	
                48

              
	
                (f)

              	
                Registered
                  Name

              	
                48

              
	
                (g)

              	
                No
                  Commission

              	
                48

              
	
                8.2

              	
                Nondisclosure
                  Requirements

              	
                48

              

      

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

       

      
        	
                8.3

              	
                Common
                  Stock Index Fund

              	
                49

              
	
                (a)

              	
                Investments

              	
                49

              
	
                (b)

              	
                Common
                  Stock Index Fund Units

              	
                49

              
	
                (c)

              	
                Common
                  Stock Index Fund Unit Prices

              	
                49

              
	
                (d)

              	
                Distribution
                  and Withdrawal From Common Stock Index Fund

              	
                51

              
	
                (e)

              	
                Voting
                  Stock

              	
                51

              
	
                (f)

              	
                Registered
                  Name

              	
                51

              
	
                8.4

              	
                Bond
                  Index Fund

              	
                51

              
	
                (a)

              	
                Investments

              	
                51

              
	
                (b)

              	
                Bond
                  Index Fund Units

              	
                52

              
	
                (c)

              	
                Bond
                  Index Fund Unit Prices

              	
                52

              
	
                (d)

              	
                Distribution
                  and Withdrawal From Bond Index Fund

              	
                52

              
	
                (e)

              	
                Registered
                  Name

              	
                53

              
	
                8.5

              	
                Interest
                  Income Fund

              	
                53

              
	
                (a)

              	
                Investments

              	
                53

              
	
                (b)

              	
                Crediting
                  of Interest

              	
                54

              
	
                (c)

              	
                Reduction
                  in Fund Value

              	
                54

              
	
                (d)

              	
                Distribution
                  From Fund and Withdrawals from Interest Income
                  Fund.

              	
                54

              
	
                (e)

              	
                Interest
                  Income Fund Value

              	
                54

              
	
                (f)

              	
                Registered
                  Name

              	
                55

              
	
                8.6

              	
                Mutual
                  Funds

              	
                55

              
	
                8.7

              	
                Investment
                  of Dividends, Interest, Etc

              	
                55

              
	
                 

              	 	
                 

              
	
                ARTICLE
                  IX - TRUSTEE

              	
                56

              
	 	
                 

              
	
                9.1

              	
                Appointment
                  of Trustee

              	
                56

              
	
                9.2

              	
                Purchases
                  of Securities by the Trustee

              	
                56

              
	
                9.3

              	
                Voting
                  of Company Stock

              	
                57

              
	 	 	
                 

              
	
                ARTICLE
                  X - APPLICATION OF FORFEITED COMPANY MATCHING
                  CONTRIBUTIONS

              	
                58

              
	 	
                 

              
	
                ARTICLE
                  XI - OPERATION AND ADMINISTRATION

              	
                59

              
	 	
                 

              
	
                11.1

              	
                Named
                  Fiduciary

              	
                59

              
	
                11.2

              	
                Power
                  of Company Officers and Designees

              	
                59

              
	
                (a)

              	
                Appointment
                  and Renewal of Trustees and Investment Advisors, Plan Amendments,
                  and
                  Suspension of Plan

              	
                59

              
	
                (b)

              	
                Trust
                  Agreements, Investment Advisor Agreements, Etc.

              	
                59

              
	
                (c)

              	
                Appointment
                  of Administration Committee, Determinations of Prior Service in
                  Connection
                  with Certain Corporate Transactions, and Certain Allocations of
                  Responsibility

              	
                60

              
	
                (d)

              	
                Company
                  Action and Title Capacities

              	
                60

              
	
                11.3

              	
                Administration
                  Committee

              	
                60

              
	
                (a)

              	
                Appointment
                  of Administration Committee

              	
                60

              
	
                (b)

              	
                Powers
                  of Administration Committee

              	
                61

              
	
                (c)

              	
                Claims

              	
                61

              
	
                (d)

              	
                Denial
                  of a Claim

              	
                61

              
	
                (e)

              	
                Review
                  of Denial of the Claim to the Committee

              	
                62

              
	
                (f)

              	
                Decision
                  of the Committee

              	
                62

              
	
                11.4

              	
                Investment
                  Process Committee

              	
                65

              
	
                11.5

              	
                Indemnification

              	
                66

              
	
                11.6

              	
                Payment
                  of Expenses

              	
                67

              
	
                11.7

              	
                Records

              	
                67

              
	
                11.8

              	
                Participants'
                  Statements, Notices, Etc

              	
                67

              
	
                (a)

              	
                Participants'
                  Quarterly Statements

              	
                67

              
	
                (b)

              	
                Notices,
                  Etc

              	
                68

              

      

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

         

      

      
        	
                11.9

              	
                Governing
                  Law

              	
                68

              
	
                 

              	 	 
	
                ARTICLE
                  XII - TERMINATION, SUSPENSION AND MODIFICATION

              	
                69

              
	 	
                 

              
	
                12.1

              	
                General

              	
                69

              
	
                12.2

              	
                Scope
                  of Action

              	
                69

              
	
                12.3

              	
                Effect
                  of Termination

              	
                69

              
	
                12.4

              	
                Retroactive
                  Amendment

              	
                69

              
	
                12.5

              	
                Limitations
                  of Effects of Actions

              	
                70

              
	
                12.6

              	
                Special
                  Rules for Mergers, Consolidations and Asset
                  Transfers

              	
                70

              
	
                 

              	 	
                 

              
	
                ARTICLE
                  XIII - TOP HEAVY RULES

              	
                72

              
	 	
                 

              
	
                13.1

              	
                Definitions

              	
                72

              
	
                13.2

              	
                Minimum
                  Allocation

              	
                73

              
	
                13.3

              	
                Determination
                  of top-heavy status for Key Employee

              	
                74

              
	
                13.4

              	
                Determination
                  of present values and amounts

              	
                74

              
	
                13.5

              	
                Minimum
                  benefits

              	
                75

              
	
                13.3

              	
                Nonforfeitability

              	
                75

              
	
                13.4

              	
                Compensation
                  Limitation

              	
                75

              
	
                13.5

              	
                Vesting

              	
                75

              
	
                13.6

              	
                Combined
                  Limitation

              	
                75

              
	 	 	
                 

              
	
                ARTICLE
                  XIV - DESIGNATION OF BENEFICIARIES

              	
                76

              
	 	
                 

              
	
                14.1

              	
                General

              	
                76

              
	
                14.2

              	
                Married
                  Participants

              	
                76

              
	 	 	
                 

              
	
                ARTICLE
                  XV - EMPLOYEE STOCK OWNERSHIP PLAN

              	
                77

              
	 	
                 

              
	
                15.1

              	
                Description
                  of ESOP

              	
                77

              
	
                15.2

              	
                ESOP
                  Trustee

              	
                77

              
	
                15.3

              	
                Borrowing
                  on Behalf of ESOP

              	
                77

              
	
                15.4

              	
                Suspense
                  Account

              	
                78

              
	
                15.5

              	
                Application
                  of Dividends

              	
                78

              
	
                15.6

              	
                Release
                  of Shares from Suspense Account Upon Application of
                  Dividends

              	
                78

              
	
                15.7

              	
                Application
                  of Pre-Tax Contributions or Company Matching
                  Contributions

              	
                79

              
	
                15.8

              	
                Limitation
                  on Contributions for Highly Compensated Employees

              	
                79

              
	
                15.9

              	
                Administration
                  Committee Authority

              	
                79

              
	
                15.10
                  

              	
                Sale
                  of Company Stock in Suspense Account

              	
                80

              
	
                 

              	 	
                 

              
	
                ARTICLE
                  XVI - CONDITIONS ON PARTICIPATION OF SUBSIDIARIES OF THE
                  COMPANY

              	
                81

              
	 	 
	
                Appendix
                  A

              	
                82

              
	 	
                 

              
	
                Appendix
                  B-1

              	
                83

              
	 	
                 

              
	
                Appendix
                  B-2

              	
                84

              
	 	
                 

              
	
                Appendix
                  C

              	
                85

              

      

    

     

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

    

    

    FORD
      MOTOR COMPANY

    SAVINGS
      AND STOCK INVESTMENT PLAN

    FOR
      SALARIED EMPLOYEES

    (As
      amended effective through April 13, 2006)

      

    

    
      	 	 	
              This
                Plan has been established by the Company to encourage and facilitate
                systematic savings and investment by Eligible Employees and to provide
                them with an opportunity to become stockholders of the
                Company.

            

    

    

    
      	 	 	
              That
                portion of the Plan described in Article XV is intended to be an
                "Employee
                Stock Ownership Plan," as that term is defined by the Code and, as
                such,
                is designed to invest exclusively in Company Stock except for a small
                liquidity component to support daily
                activity.

            

    

    

    This
      Plan
      document incorporates certain amendments made subsequent to the last restatement
      of the Plan as of April 1, 2004. This plan document includes amendments adopted
      to reflect certain provisions of the Economic Growth and Tax Relief
      Reconciliation Act of 2001 ("EGTRRA"). The EGTRRA amendments are intended as
      good faith compliance with the requirements of EGTRRA and are to be construed
      in
      accordance with EGTRRA and guidance issued thereunder. Except as otherwise
      provided, the EGTRRA amendments shall be effective as of January 1, 2002. EGTRRA
      amendments shall supercede the provisions of the Plan to the extent those
      provisions are inconsistent with the provisions of the EGTRRA amendments.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    ARTICLE
      I

    

    Definitions

    

    As
      hereinafter used:

    

    
      	 	
              1.1

            	
              "Account"
                shall mean, as appropriate, any one of a Participant's Pre-Tax
                Contribution Account, After-Tax Contribution Account, Company Matching
                Contribution Account, rollover contributions and any other sources
                of
                contributions or any combination of such accounts.
                

            

    

    

    
      	 	
              1.2

            	
              "Administration
                Committee" shall mean the committee created by the Company pursuant
                to the
                provisions of Section 11.3 hereof.

            

    

    

    
      	 	
              1.3

            	
              "Affiliated
                Employer" shall mean the Company, Ford Global Technologies, LLC,
                AAI
                Employee Services Company, LLC, and, when approved by the Committee
                as an
                Affiliated Employer, (a) any other corporation not less than a majority
                of
                the voting stock of which is owned, directly or indirectly, by the
                Company
                and (b) any other type of business organization in or of which the
                Company
                owns or controls, directly or indirectly, a majority interest. Any
                entity
                that was prior to June 1, 1997, an Affiliated Employer within the
                meaning
                of this Plan prior to the amendments effective January 1, 1997, and
                reflected in this document, shall continue to be an Affiliated Employer
                upon a change in form of business association from corporation to
                limited
                liability company.

            

    

    

    
      	 	
              1.4

            	
              "After-Tax
                Contributions" shall mean amounts contributed by an Employee to the
                Plan
                from the Employee's Salary, as provided in Section 3.1(a)
                hereof.

            

    

    

    
      	 	
              1.5

            	
              "After-Tax
                Contributions Account" shall mean an Account of a Participant under
                the
                Plan to which are credited After-Tax Contributions made by such Employee
                and Earnings thereon. 

            

    

    

    
      	 	
              1.6

            	
              "Bond
                Index Fund" shall mean that portion of the Trust Fund consisting
                of
                investments made by the Trustee in accordance with Section 8.4
                hereof.

            

    

    

    
      	 	
              1.7

            	
              "Bond
                Index Fund Units" shall mean the measure of a Participant's interest
                in
                the Bond Index Fund as described in Section 8.4
                hereof.

            

    

    

    
      	 	
              1.8

            	
              "Cash
                Value of Assets" shall mean the value of the assets, expressed in
                dollars,
                in a Participant's Account under any investment election under the
                Plan or
                the total thereof, as the case may be, at the close of business on
                the
                date such cash value is to be
                determined.

            

    

    

    
      	 	
              1.9

            	
              "Catch-Up
                Contributions" shall mean amounts contributed by an Employee to the
                Plan
                from the Employee's salary as provided in Subsection 3.1(c)
                hereof.

            

    

    

    
      	 	
              1.10

            	
              "Code"
                shall mean the Internal Revenue Code of 1986, as
                amended.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	 	
              1.11

            	
              "Common
                Stock Index Fund" shall mean that portion of the Trust Fund consisting
                of
                investments made by the Trustee in accordance with Section 8.3 hereof
                and
                related cash.

            

    

    

    
      	 	
              1.12

            	
              "Common
                Stock Index Fund Units" shall mean the measure of a Participant's
                interest
                in the Common Stock Index Fund as described in Section 8.3
                hereof.

            

    

    

    
      	 	
              1.13

            	
              "Company"
                shall mean Ford Motor Company.

            

    

    

    
      	 	
              1.14

            	
              "Company
                Matching Contributions" shall mean amounts contributed by the Company
                to
                the Trust Fund, as provided in Subsection 3.1(d)
                hereof.

            

    

    

    
      	 	
              1.15

            	
              "Company
                Matching Contributions Account" shall mean an Account of a Participant
                to
                which is credited Company Matching Contributions in accordance with
                Section 3.1(d).

            

    

    

    
      	 	
              1.16

            	
              "Company
                Stock" shall mean common stock of the
                Company.

            

    

    

    
      	 	
              1.17

            	
              “Contributions”
                shall mean any one of a Participant's Pre-Tax Contributions, After-Tax
                Contributions, Company Matching Contributions, rollover contributions
                and
                other sources of contributions or any combination of such monies.
                

            

    

    

    
      	 	
              1.18

            	
              "Current
                Market Value" shall mean, with reference to Company Stock, the closing
                market price on the New York Stock Exchange on the day in question
                or, if
                no sales were made on that date, the closing market price on the
                next
                preceding day on which sales were
                made.

            

    

    

    
      	 	
              1.19

            	
              "Earnings,"
                with reference to After-Tax Contributions, Company Matching Contributions
                or Pre-Tax Contributions, as the case may be, shall mean earnings
                resulting from the investment and any reinvestment of such contributions
                and any increment thereof and shall include interest, dividends and
                other
                distributions on such investments.

            

    

    

    
      	 	
              1.20

            	
              "Eligible
                Employee" shall mean each Employee of a Participating Employer who
                has
                satisfied the service and other requirements of Article II, except
                that
                the term "Eligible Employee" shall not include any Employee
                who

            

    

    

    
      	 	
              1.

            	
              s
                included in a unit of Employees covered by a negotiated collective
                bargaining agreement which does not provide for participation in
                the Plan,
                except that, upon approval of the Company, the foregoing provisions
                of
                this clause shall not affect the eligibility of such Employee to
                make
                After-Tax Contributions or to have Pre-Tax Contributions made under
                the
                Plan if such Participating Employer shall have requested and received
                from
                such labor organization a waiver, in terms acceptable to such
                Participating Employer, of all rights of and claims of right by such
                labor
                organization to bargain collectively with respect to the Plan or
                any
                substantially similar plan or program or to compel such Participating
                Employer to do so, but only so long as such waiver shall remain in
                effect,
                or

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	 	
              2.

            	
              is
                a leased employee. The term "leased employee" means any person who
                is not
                an employee who provides services to the Company
                if:

            

    

    

    
      	 	
              (i)

            	
              such
                services are provided pursuant to an agreement between the Company
                and any
                leasing organization;

            

    

    

    
      	 	
              (ii)

            	
              such
                person has performed services for the Company on a substantially
                full-time
                basis for at least one year; and

            

    

    

    
      	 	
              (iii)

            	
              such
                services are performed under the primary direction or control by
                the
                Company.

            

    

    

    An
      individual who has become an Eligible Employee shall cease to be an Eligible
      Employee upon ceasing to be an Employee and upon becoming an individual
      described in subparagraphs 1 or 2 of this Section 1.18.

    

    
      	 	
              1.21

            	
              "Employee"
                shall mean each person who is employed on a salaried basis by a
                Participating Employer or by an Affiliated Employer and is enrolled
                on the
                active employment rolls of such Participating Employer, or of such
                Affiliated Employer, maintained in the United States, including without
                limitation any such person who also is an officer or director of
                a
                Participating Employer or of an Affiliated Employer; provided that
                the
                term "Employee," as defined above, shall not include any International
                Service Employee on Effective Position in Range who is on the Company's
                U.S. operations active employment rolls for a limited purpose, for
                a
                period limited in advance, or for a period that is not expected to
                continue indefinitely.

            

    

    

    
      	
            	1.22	
              "ERISA"
                shall mean the Employee Retirement Income Security Act of 1974, as
                amended. 

            

    

    

    
      	 	
              1.23

            	
              "Ford
                Credit Variable Incentive Plans" shall be effective January 1, 2000,
                Ford
                Credit's umbrella plan covering a number of different operating incentive
                arrangements for branch and service center employees at Ford
                Credit.

            

    

    

    
      	 	
              1.24

            	
              The
                “Ford Retirement Plan” is a profit-sharing plan established January 1,
                2004 for eligible employees hired or rehired January 1, 2004 or
                after.

            

    

    

    
      	 	
              1.25

            	
              "Ford
                Stock Fund" shall mean that portion of the Trust Fund consisting
                of
                investments made by the Trustee in accordance with Section 8.1
                hereof.

            

    

    

    
      	 	
              1.26

            	
              "Ford
                Stock Fund Units" shall mean the measure of a Participant's interest
                in
                the Ford Stock Fund as described in Section 8.1
                hereof.

            

    

    

    
      	 	
              1.27

            	
              "Interest
                Income Fund" shall mean that portion of the Trust Fund consisting
                of
                investments made by the Trustee in accordance with Section 8.5 hereof
                and
                related cash.

            

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	 	
              1.28

            	
              "Interest
                Income Fund Manager" shall mean one or more persons or companies,
                corporations, or other organizations appointed by the Company to
                provide
                investment advice concerning the Interest Income Fund. The Trustee
                may be
                designated an Interest Income Fund Manager by the
                Company.

            

    

    

    
      	 	
              1.29

            	
              "Investment
                Process Committee" shall mean the committee created by the Company
                pursuant to the provisions of Section 11.4
                hereof.

            

    

    

    
      	 	
              1.30

            	
              "Investment
                Process Oversight Committee" shall mean the committee created by
                the
                Company pursuant to the provisions of Section 11.4
                hereof."

            

    

    

    
      	 	
              1.31

            	
              "Participant"
                shall mean and include (a) an Eligible Employee who shall have elected
                to
                participate in the Plan and, in the case of an Employee of a Participating
                Employer, shall have completed a payroll deduction authorization
                or a
                Salary Reduction Agreement then outstanding under the Plan, or, in
                the
                case of an Employee of an Affiliated Employer, shall have filed an
                election then outstanding under the Plan to make After-Tax Contributions
                or to have Pre-Tax Contributions made under the Plan by such method
                as the
                Administration Committee may have designated, and (b) a person who
                has
                assets in an Account under the
                Plan.

            

    

    

    
      	 	
              1.32

            	
              "Participating
                Employer" shall mean and include the Company, Ford Global Technologies,
                LLC, AAI Employee Services Company, LLC, and (a) any domestic corporation
                not less than a majority of the voting stock of which is owned, directly
                or indirectly, by the Company and (b) any other type of domestic
                business
                organization in or of which the Company owns or controls, directly
                or
                indirectly, a majority interest, and, in the case of both (a) and
                (b),
                that shall have elected to participate in the Plan with the consent
                of the
                Company as reflected on Appendix C. In addition, effective January
                1,
                2002, "Participating Employer" shall include Land Rover North America,
                Inc. Any entity that was prior to June 1, 1997, a Participating Employer
                within the meaning of this Plan prior to the amendments effective
                January
                1, 1997, and reflected in this document, shall continue to be a
                Participating Employer upon a change in form of business organization
                from
                corporation to limited liability company.

            

    

    

    
      	 	
              1.33

            	
              "Performance
                Bonus Plan" shall mean, effective January 1, 2000, the Company's
                Performance Bonus Plan for Salaried
                Employees.

            

    

     

    
      	 	
              1.34

            	
              "Plan"
                shall mean this Savings and Stock Investment Plan for Salaried Employees
                of Ford Motor Company.

            

    

    

    
      	 	
              1.35

            	
              “Plan
                Administrator" shall mean the Company, or such other person or committee
                of persons designated by the Company to administer the Plan on behalf
                of
                the Company, including a person or entity unrelated to the Company,
                hereinafter referred to as the "Third Party Plan
                Administrator".

            

    

    

    
      	 	
              1.36

            	
              "Plan
                Sponsor" shall mean Ford Motor
                Company.

            

    

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	 	
              1.37

            	
              "Plan
                Year" shall mean prior to the Plan Year beginning January 1, 1998,
                a
                calendar year. For the Plan Year beginning January 1, 1998, the Plan
                Year
                shall be a period from January 1, 1998, through December 30, 1998.
                For the
                Plan Year beginning December 31, 1998, the Plan year shall be the
                twelve
                (12) month period beginning December 31 and ending the immediately
                following December 30. For the Plan Year beginning December 31, 2004,
                the
                Plan Year shall be a one-day period ending on December 31, 2004.
                Effective
                January 1, 2005, the Plan Year shall be a calendar
                year.

            

    

    

    
      	 	
              1.38

            	
              "Pre-Tax
                Contributions" shall mean amounts contributed by the Company to the
                Plan
                that have been allocated on behalf of an Employee pursuant to a Salary
                Reduction Agreement, as provided in Subsection 3.1(b) hereof, or
                pursuant
                to an election with respect to amounts from the Performance Bonus
                Plan for
                Salaried Employees and
                the Ford Credit Variable Incentive Plan for Employees who are not
                bonus
                eligible under
                the Company's Annual Incentive Compensation Plan (with the exception
                of
                certain Ford Credit branch Employees designated as Leadership Level
                5 who
                may defer their Variable Incentive Plan payment to the Company's
                Deferred
                Compensation Plan, a Company-sponsored non-qualified
                plan).

            

    

    

    
      	 	
              1.39

            	
              "Pre-Tax
                Contributions Account" shall mean an Account of a Participant under
                the
                Plan to which are credited Pre-Tax Contributions on behalf of such
                Employee and Earnings thereon.

            

    

    

    
      	 	
              1.40

            	
              "Retirement
                Plan" means the General Retirement Plan of the Company at the time
                in
                effect or any other pension or retirement plan or program of a
                Participating Employer or of an Affiliated
                Employer.

            

    

    

    
      	 	
              1.41

            	
              "Retirement
                pursuant to the provisions of any Retirement Plan" means retirement
                at or
                after normal retirement age, or early or disability retirement prior
                to
                normal retirement, or termination of employment after becoming eligible
                for retirement under the provisions of any Retirement
                Plan.

            

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      	 	
              1.42

            	
              "Salary"
                shall mean the actual base salary to which an employee of a Participating
                Employer is entitled prior to giving effect to any Salary Reduction
                Agreement and shall include contributions made on behalf of the
                Participant by the Company that are not currently includible in the
                Participant’s gross income by reason of the application of Code Sections
                125, 129, or 402(e)(3). "Salary" shall not include any amount subject
                to a
                Salary Reduction Agreement to the extent such amount cannot be contributed
                to the Employee's Account as a Pre-Tax Contribution because of the
                applicable limitations set forth in Section 3.4 hereof, or any amounts
                deferred under the Company's Deferred Compensation Plan. In the case
                of an
                employee of an Affiliated Employer who is eligible to make After-Tax
                Contributions to the Plan, as provided in Section 2.4 hereof, "Salary"
                shall mean the employee's last such salary at the Participating Employer
                from which he or she is on leave of absence. "Salary" shall not include
                any supplemental compensation, pension, retirement or salaried income
                security plan payment, retainer, commission, fee, overtime or shift
                premium, cost-of-living allowance, or any other special remuneration.
                "Salary" shall not for any purpose hereunder exceed the limitation
                set
                forth in Code Section 401(a)(17). 

            

    

    

    
      	 	
              1.43

            	
              "Salary
                Reduction Agreement" shall mean an agreement between an Employee
                and the
                Participating Employer to have the Employee's Salary reduced by an
                amount
                specified by the Employee and to have an amount equal to the Salary
                reduction allocated on behalf of the Employee from contributions
                made by
                the Participating Employer to the Plan, pursuant to section 401(k)
                of the
                Code and Subsection 3.l(b) hereof, provided, however, that such amount
                shall be reduced as may be determined as provided in Section 3.4
                hereof.

            

    

    

    
      	 	
              1.44

            	
              "Subsidiary"
                shall mean a corporation or other business organization that either
                is or
                with the appropriate approval could become an Affiliated
                Employer.

            

    

    

    
      	 	
              1.45

            	
              "Trustee"
                shall mean the trustee or trustees appointed by the Company pursuant
                to
                the provisions of Section 9.1
                hereof.

            

    

    

    
      	 	
              1.46

            	
              "Trust
                Agreement" shall mean the agreement or agreements establishing the
                Trust
                Fund and appointing the Trustee.

            

    

    

    
      	 	
              1.47

            	
              "Trust
                Fund" shall mean the assets of the Plan held by the Trustee for the
                benefit of the Participants.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    The
      following terms have the meanings assigned in the Sections, Subsections and
      Paragraphs specified:

    

    
      	
              "Additional
                Mutual Funds" 

            	 	
              Section
                4.1

            
	
              "After-Tax
                Contribution Percentage"

            	 	
              Section
                3.4(a)

            
	
              "Annual
                Addition"

            	 	
              Section
                3.4(e)(2)

            
	
              "Average
                After-Tax Contribution Percentage"

            	 	
              Section
                3.4(a)

            
	
              "Average
                Pre-Tax Contribution Percentage"

            	 	
              Section
                3.4(a)

            
	
              "Compensation"

            	 	
              Sections
                3.4(a), 3.4(b), and 3.4(e)(4)

            
	
              "Highly
                Compensated Employee"

            	 	
              Section
                3.4(a)

            
	
              "Leased
                employee"

            	 	
              Section
                1.18(2)

            
	
              "Limitation
                year"

            	 	
              Section
                3.4(e)(3)

            
	
              "Pre-Tax
                Contribution Percentage"

            	 	
              Section
                3.4(a)

            
	
              "Subsequent
                Successor Employer"

            	 	
              Section
                7.6(b)(i)

            
	
              "Successor
                Employee"

            	 	
              Section
                7.6(b)(ii)

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    ARTICLE
      II

    

    Eligibility

    

    

    2.1   Eligibility
      Date.
      Except
      as hereinafter provided, effective January 1, 2000, or as soon as practicable
      thereafter, each Eligible Employee of a Participating Employer shall be eligible
      to participate in, and to make After-Tax Contributions and to have Pre-Tax
      Contributions made under, the Plan as of the first day of the second calendar
      month immediately following such Employee's original date of hire. For purposes
      of this Section 2.1, Eligible Employees who are employed by Land Rover North
      America, Inc., shall, effective January 1, 2001, be deemed to have as their
      original date of hire their original dates of hire with such employers. An
      Employee who ceases to be an Eligible Employee shall not be eligible to make
      After-Tax Contributions or to have Pre-Tax Contributions made under the Plan
      as
      long as such individual is not an Eligible Employee.

    

    2.2   Participation. 

    

    (a)   After-Tax
      and Pre-Tax Contributions.
      An
      Eligible Employee may elect to participate in the Plan as of the first payday
      following such Employee's eligibility date with respect to After-Tax
      Contributions and Pre-Tax Contributions by delivering a notice of election
      to
      participate in such form and in such manner and at such time as the
      Administration Committee shall specify.

    

    (b)   Rollover
      Contributions.
      A
      newly-hired Employee of a Participating Employer who could be an Eligible
      Employee except that such individual has not satisfied the requirements of
      Section 2.1 hereof, may elect to participate in the Plan prior to the date
      on
      which such Employee would otherwise become eligible to participate in the Plan
      for the limited purpose of making a rollover contribution to the Plan as
      hereinafter provided. 

    

    2.3   Service
      Included in Connection With Certain Transactions.
      The
      Company may in its discretion determine, in the event of the acquisition by
      a
      Participating Employer or Affiliated Employer (by purchase, merger or otherwise)
      of all or part of the assets of another business organization, and in the event
      of the employment by a Participating Employer or Affiliated Employer of all
      or a
      substantial number of individuals employed in the operations of an employer
      that
      is not a Participating Employer or Affiliated Employer, that the service of
      a
      person as an employee of such other business organization shall be included
      in
      ascertaining whether he or she has had such service as is required in Section
      2.1 for eligibility, provided that he or she shall have become an Eligible
      Employee of a Participating Employer or an Affiliated Employer in connection
      with such transaction. The Company may evidence any determination regarding
      the
      matters addressed above in this section in any instruments executed by duly
      authorized officers or agents of the Company, including (a) the instruments
      evidencing the transactions whereby individuals become Employees of a
      Participating Employer or Affiliated Employer or (b) an instrument executed
      by
      the Company officers who are authorized pursuant to Section 11.2(a) to adopt
      amendments to the Plan. 

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    2.4   Certain
      Leaves of Absence.
      An
      Eligible Employee of a Participating Employer who shall have been granted a
      leave of absence to become an Employee of an Affiliated Employer and who becomes
      an Employee of such Affiliated Employer shall be an Eligible Employee and may
      make After-Tax Contributions or have Pre-Tax Contributions made under the Plan
      while he or she is on such leave of absence and is so employed, provided that
      (a) he or she shall have such service as is required under Section 2.1 for
      eligibility, including service with the Affiliated Employer, (b) he or she
      shall
      not be a participant in any profit sharing plan, or stock bonus plan, and trust
      of the Affiliated Employer qualifying for exemption from taxation under Sections
      401(a) and 501(a) of the Code, or any other applicable section of the Federal
      tax laws, as at the time in effect, and (c) the Employee's eligibility, under
      the provisions of this section, to make After-Tax Contributions or to have
      Pre-Tax Contributions made while an Employee of the Affiliated Employer shall
      terminate at the end of the two-year period commencing with the date the
      Employee's leave of absence commences, or at the termination of the Employee's
      leave of absence, or upon the date the Affiliated Employer becomes a
      Participating Employer, whichever first shall occur.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    ARTICLE
      III

    

    Contributions

     

    3.1.        
      Types
      of Contributions.

    

    (a)   After-Tax
      Contributions.
      Effective April 1, 2004, and subject to the limitations in Section 3.4, each
      Eligible Employee may elect to contribute to the Plan for each pay period an
      After-Tax Contribution of up to fifty percent (50%) of the Employee's Salary
      for
      the pay period, provided that the percentage of Salary contributed under this
      Section 3.1(a) and the percentage of Salary reduced pursuant to the Employee's
      Salary Reduction Agreement under Section 3.1(b) may not in the aggregate exceed
      fifty percent (50%) of the Eligible Employee's Salary for the pay period.
      Contributions under this Section 3.1(a) shall be made by payroll deduction.
      The
      percentage of Salary that an Eligible Employee elects to contribute under this
      Section 3.1(a) must be a whole percentage.
      

    

    The
      payroll deduction for After-Tax Contributions authorized by an Employee may
      be
      increased, decreased or stopped by him or her only as of the first or sixteenth
      day of any month by providing in such form and in such manner and at such time
      as the Administration Committee shall specify a notice of such change. If an
      Employee shall become ineligible to make After-Tax Contributions to the Plan,
      the Employee's payroll deduction authorization shall immediately terminate.
      If
      the payroll deduction authorization of an Employee shall terminate for any
      reason, the Employee thereafter may, subject to the eligibility provisions
      of
      the Plan, resume contributing to the Plan in such manner and at such time as
      the
      Administration Committee shall specify. Except as is required by 38 U.S.C.
      §4318, with respect to service of a Participant in the uniformed services, an
      Employee shall not be entitled to make After-Tax Contributions to the Plan,
      and
      no deduction shall be made pursuant to the Employee's payroll deduction
      authorization, in or for any period in which the Employee is not receiving
      a
      Salary.

    

    The
      Administration Committee may require employees of an Affiliated Employer who
      elect to make After-Tax Contributions to the Plan to contribute by payroll
      deductions or by such other method as the Administration Committee may
      designate. If the Administration Committee shall designate a method other than
      payroll deductions, the Administration Committee shall adopt rules applying,
      as
      nearly as practicable, to such method of making After-Tax Contributions the
      provisions of this Article III relating to payroll deductions.

    

    (b)   Pre-Tax
      Contributions.
      Effective April 1, 2004, and subject to the limitations in Section 3.4 hereof,
      each Eligible Employee, by completing a Salary Reduction Agreement in such
      form
      and in such manner and at such time as the Administration Committee may
      prescribe, may elect to have Company contributions allocated on his or her
      behalf as Pre-Tax Contributions for each pay period in such amount as he or
      she
      may authorize pursuant to a Salary Reduction Agreement not in excess of fifty
      percent (50%) of his or her Salary for such pay period, provided that the
      percentage of Salary contributed under this Section 3.1(b) and the percentage
      of
      Salary contributed as an After-Tax Contribution under Section 3.1(a) may not
      in
      the aggregate exceed fifty percent (50%) of the Eligible Employee's Salary
      for
      the pay period. The Salary Reduction Agreement shall specify that such
      reductions are to be made in a whole percentage amount of Salary, with the
      resulting dollar amount actually to be allocated on the basis of the election
      to
      be rounded down to the nearest whole dollar.

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    Subject
      to the foregoing provisions of this Subsection 3.1(b), the rate of Salary
      reduction authorized by the Employee may be decreased, increased or stopped
      by
      the Employee by providing in such form and in such manner and at such time
      as
      the Administration Committee shall specify a notice of such change. If an
      Employee shall become ineligible to make Pre-Tax Contributions to the Plan,
      his
      or her Salary Reduction Agreement shall immediately terminate. If the Salary
      Reduction Agreement of an Employee shall terminate for any reason, the Employee
      thereafter may, subject to the eligibility provisions of the Plan, resume the
      making of Pre-Tax Contributions to the Plan by providing in such form and in
      such manner and at such time as the Administration Committee shall specify
      a
      Salary Reduction Agreement hereunder.

    

    In
      addition, and subject to such regulations as the Administration Committee from
      time to time may prescribe, each Eligible Employee may elect to have all or
      a
      portion of the following payments reduced in exchange for an allocation of
      Company contributions as Pre-Tax Contributions: amounts under the Performance
      Bonus Plan and the Ford Motor Credit Variable Incentive Plan (for Employees
      who
      are not bonus eligible under the Annual Incentive Compensation Plan with the
      exception of LL5 Ford Motor Credit branch managers who may defer their Variable
      Incentive Plan payment to the Company's Deferred Compensation Plan) that would
      otherwise be distributed to or allocated on behalf of the Employee, plus amounts
      that must be taken into account under 38 U.S.C. §4318 in connection with service
      of a Participant in the uniformed services; provided, however, that for purposes
      of this provision an Employee shall not be eligible unless such Employee is
      enrolled on the active employment rolls of a Participating Employer or an
      Affiliated Employer, or is on short-term disability leave from a Participating
      Employer or an Affiliated Employer, at the date of making such
      election.

    

    (c) Catch-Up
      Contributions. For
      Plan
      Years commencing December 31, 2001 and thereafter, all participants who are
      eligible to make elective deferrals under this Plan and who have attained age
      50
      before the close of the Plan Year shall be eligible to make Catch-Up
      Contributions
      in accordance with, and subject to the limitations of, Section 414(v) of the
      Code. Such Catch-Up Contributions shall not be taken into account for purposes
      of the provisions of the Plan implementing the required limitations of Section
      402(g) and 415 of the Code. The Plan shall not be treated as failing to satisfy
      the provisions of the Plan implementing the requirements of Section 401(k)(3),
      401(k)(11), 401(k)(12), 410(b) or 416 of the Code, as applicable, by reason
      of
      the making of such Catch-Up Contributions.
      Each Eligible Employee, by completing a Salary Reduction Agreement in such
      form
      and in such manner and at such time as the Administration Committee may
      prescribe, may elect to have Company contributions allocated on his or her
      behalf as Catch-Up Contributions for each pay period in such amount as he or
      she
      may authorize pursuant to a Salary Reduction Agreement not in excess of fifty
      percent (50%) of his or her Salary for such pay period. The Salary Reduction
      Agreement shall specify that such reductions are to be made in whole percentage
      amount of Salary. 

    

    Subject
      to the foregoing provisions of this Subsection 3.1(c), the rate of Salary
      reduction authorized by the Employee may be decreased, increased or stopped
      by
      the Employee by providing in such form and in such manner and at such time
      as
      the Administration Committee shall specify a notice of such change. If an
      Employee shall become ineligible to make Catch-Up Contributions to the Plan,
      his
      or her Salary Reduction Agreement shall immediately terminate. If the Salary
      Reduction Agreement of an Employee shall terminate for any reason, the Employee
      thereafter may, subject to the eligibility provisions of the Plan, resume the
      making of Catch-Up Contributions to the Plan by providing in such form and
      in
      such manner and at such time as the Administration Committee shall specify
      a
      Salary Reduction Agreement hereunder. Except that is required by 38 U.S.C.
§
4318, with respect to service of a Participant in the uniformed services, an
      Employee shall not be entitled to make Catch-Up Contributions to the Plan,
      and
      no deduction shall be made pursuant to the Participant's Salary Reduction
      Agreement unless such Employee is enrolled on the active employment rolls of
      a
      Participating Employer or an Affiliated Employer, or is on short-term disability
      leave from a Participating Employer or an Affiliated Employer.

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    (d)   Company
      Matching Contributions.
      Except
      as may be hereinafter provided and subject to the limitations in Section 3.4,
      Company contributions may be allocated to the Accounts of Eligible Employees
      each pay period in an amount not to exceed 60% of the aggregate amount of
      After-Tax Contributions and Salary reductions made by Eligible Employees who
      have been employed by one or more Participating Employers for at least twelve
      (12) months following such Employees' original dates of hire (for purposes
      of
      this Subsection 3.1(d)"match eligible Employees")(but excluding any amounts
      attributable to the Performance Bonus Plan and
      the
      Ford Credit Variable Incentive Plan) for such pay period and an amount equal
      to
      the value of forfeited assets attributable to Company Matching Contributions
      and
      Earnings thereon that are to be restored to the Company Matching Contribution
      Accounts of Participants for such pay period pursuant to the provisions of
      Section 7.4 hereof, provided, however, that for purposes of this Subsection
      3.1(d), any portion of the aggregate of a match eligible Employee's After-Tax
      Contributions and Pre-Tax Contributions that exceeds 10% of such Employee's
      Salary shall not be taken into account. Effective November 7, 2001, pursuant
      to
      Article XI, Section 11.2 (a), any of the Chief Operating Officer, the Chief
      of
      Staff or the Vice Chairman shall individually have the authority to determine
      the amount of the Company Matching Contributions, not to exceed the maximum
      expressed in the first sentence of this paragraph, and shall have the authority
      to suspend or restore such Company Matching Contributions, wholly or partly,
      effective at such time and in such amount as such officer determines in such
      officer's sole discretion. Participants should consult the summary plan
      description to determine whether Company Matching Contributions are currently
      available and if so, the amount in effect.

    

    With
      the
      exception of amounts allocated in restoration of forfeitures, (i) Company
      contributions shall not be allocated pursuant to this Subsection 3.1(d) for
      any
      pay period in an amount that exceeds the Company's current or accumulated
      earnings and profits; and (ii) contributions that are allocated shall be
      credited to the Company Matching Contribution Accounts of match eligible
      Employees in proportion to such Employees' After-Tax Contributions and Pre-Tax
      Contributions that are taken into account pursuant to the immediately preceding
      sentence. Amounts credited to a Participant's Company Matching Contributions
      Account for a pay period shall be credited first in respect of any such Pre-Tax
      Contributions as shall have been made for the Participant for such month and
      then, to the extent that the amount so credited does not equal the total amount
      to be credited to the Participant's Company Matching Contributions Account
      for
      such month, the remainder shall be credited in respect of such Employee's
      After-Tax Contributions as shall have been made by the Participant for such
      pay
      period.

    

    (e)   Rollover
      Contributions.
      An
      Employee of a Participating Employer, including an Employee who would be an
      Eligible Employee except for the fact that such individual has not satisfied
      the
      service requirement of Section 2.1, may make a rollover contribution, as
      permitted under Section 402(c) of the Code, to the Plan in cash in an amount
      not
      exceeding the total amount of taxable proceeds distributed or distributable
      to
      such Employee by a qualified plan maintained by his or her immediately preceding
      former employer. The rollover contribution may be made directly by such plan
      or
      by the Employee within 60 days following the receipt by the Employee of such
      distribution from such former employer's plan, subject to such regulations
      as
      the Administration Committee shall from time to time adopt. A direct rollover
      shall not be permitted if the acceptance of the rollover contribution would
      require the Plan to provide benefits in an amount or form not otherwise provided
      under the Plan in order to preserve an accrued benefit under the transfer plan.
      Rollover contributions shall be invested in accordance with the Participant's
      election among investment elections available under the Plan.

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    Effective
      January 1, 2002, the Plan will accept the following types of rollover
      contributions:

    

    
      	 	
              (i)

            	
              Direct
                Rollovers of eligible rollover distributions from a qualified plan
                described in Section 401(a) or 403(a) of the Code, including after-tax
                employee contributions; an annuity contract described in Section
                403(b) of
                the Code, excluding after-tax employee contributions; and an eligible
                plan
                under Section 457(b) of the Code which is maintained by a state,
                political
                subdivision of a state, or any agency or instrumentality of a state
                or
                political subdivision of a state.

            

    

    
      	 	
              (ii)

            	
              Participant
                Contribution of an eligible rollover distribution from a qualified
                plan
                described in Section 401(a) or 403(a) of the Code; an annuity contract
                described in Section 403(b) of the Code; and eligible plan under
                Section
                457(d) of the Code which is maintained by a state, political subdivision
                of a state, or agency or instrumentality of a state or political
                subdivision of a state.

            

    

    
      	 	
              (iii)

            	
              Participant
                Rollover Contributions of the portion of a distribution from an individual
                retirement account or annuity described in Sections 408(a) or 408(b)
                of
                the Code that is eligible to be rolled over and would otherwise be
                includible in gross income. Except that pursuant to Code Sections
                401(a)(31)(C) and 402(c)(2), and 408(d)(3)(ii), a 401(k) plan may
                not
                accept after-tax rollover contributions from such individual retirement
                account.

            

    

    

    (f)   Direct
      Transfer of Assets from Another Qualified Plan.
      The
      Trustee may accept and hold pursuant to this Section 3.1(f) assets directly
      transferred to the Plan, whether in connection with a merger of plans or
      otherwise, and attributable to a Participant, Eligible Employee, or Employee
      who
      would be an Eligible Employee except that such individual does not satisfy
      the
      service requirement under Section 2.1 of the Plan when such assets are
      attributable to such individual's interest in another qualified plan as
      described in (e) above and when such direct transfer does not constitute a
      direct transfer of a rollover distribution (within the meaning of Section
      401(a)(31) of the Code); provided that (1) such other plan provides for and
      permits such transfers to the Plan and the sponsor of the other plan authorizes
      the transfer in writing, (2) the transfer complies with the requirements of
      Sections 401(a)(12) and 414(1) of the Code, (3) the transfer would and does
      not
      require the Plan to provide or offer any type of benefit, optional form of
      benefit, or mode or manner of benefit distribution it does not provide for
      in
      the absence of the transfer,(4) the transfer is approved in writing by the
      Administration Committee or the parties authorized under Section 11.2(a) to
      amend the Plan, or is otherwise authorized in connection with a corporate
      transaction (whether merger, asset acquisition, transfer of employees, or
      otherwise), and (5) the transfer satisfies any procedural requirements specified
      by the Administration Committee.

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    3.2   Transfer
      of Assets from Savings Plan of a Subsidiary by Which Participant Was Formerly
      Employed.
      Subject
      to such regulations as the Administration Committee shall from time to time
      establish and subject to transfer by the transferor plan, a Participant who
      is
      fully vested under a savings plan of a Subsidiary by which such Participant
      was
      previously employed may elect to have the Plan accept transfer to the Plan
      of
      the entire amount, either in the form of cash or Company Stock, in such
      Participant's accounts under such plan; provided that such acceptance would
      not
      require the Plan to provide benefits in an amount or form not otherwise provided
      under the Plan in order to preserve an accrued benefit under the transferor
      plan. Any such transferred amounts shall be invested in accordance with the
      Participant's election among investment elections available under the Plan.
      Such
      an election to transfer fully vested amounts may be made within a period of
      one
      year following transfer of employment.

    

    3.3   Contributions
      Following Service in a Uniformed Service.
      A
      Participant who is reinstated following service in a uniformed service, as
      defined in the Uniformed Services Employment and Reemployment Rights Act, may,
      to the extent required by said act, elect to have reductions made from such
      Participant's Salary paid following such uniformed service in exchange for
      an
      allocation of Company contributions that shall be attributable to the period
      Salary reductions were not otherwise permitted due to uniformed service. Such
      additional reductions shall be based on the amount of Salary and
      amounts under the Performance Bonus Plan or the Ford Credit Variable Incentive
      Plan that the Participant would have received but for uniformed service and
      shall be subject to the provisions of the Plan in effect during the applicable
      period of uniformed service. Such Salary reductions shall be made during the
      period beginning upon reemployment following uniformed service and ending at
      the
      lesser of (i) five years or (ii) the Participant's period of uniformed service
      multiplied by three. Such additional Salary reductions shall not be taken into
      account in the year in which they are made for purposes of any limitation or
      requirement identified in Section 414(u)(1) of the Code provided, however,
      that
      such reductions, when added to reductions previously made, shall not exceed
      the
      applicable limits in effect during the period of uniformed service that would
      have applied if the Participant had continued to be employed by the Company
      during such period. Further, payments on any loan or loans outstanding during
      the period of uniformed service shall be extended for a period of time equal
      to
      the period of uniformed service. 

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    

    3.4   Limitations
      on Contributions.

    

    (a)   Definitions.
      As
      hereinafter used in this Section 3.4:

    

    "Average
      After-Tax Contribution Percentage" means the average of the After-Tax
      Contribution percentages of the Eligible Employees in a group.

    

    "Average
      Pre-Tax Contribution Percentage" means the average of the Pre-Tax Contribution
      percentages of the Eligible Employees in a group.

    

    "After-Tax
      Contribution Percentage" means the ratio (expressed as a percentage) of the
      sum
      of After-Tax Contributions and Company Matching Contributions under the Plan
      on
      behalf of the Eligible Employee for the year to the Eligible Employee's
      compensation for the year. "Compensation" for this purpose means compensation
      paid by the Company to the Employee during the year which is required to be
      reported as wages on the Employee's Form W-2, plus Pre-Tax Contributions. The
      determination of the contribution percentage and the treatment of After-Tax
      Contributions and the Company Matching Contributions shall satisfy such other
      requirements as may be prescribed by the Secretary of the Treasury pursuant
      to
      the Code.

    

    "Pre-Tax
      Contribution percentage" means the ratio (expressed as percentage) of Pre-Tax
      Contributions under the Plan on behalf of the Eligible Employee for the year
      to
      the Eligible Employee's compensation for the year. "Compensation" for this
      purpose means compensation paid by the Company to the Employee during the year
      which is required to be reported as wages on the Employee's Form W-2, plus
      Pre-Tax Contributions. The determination of the Pre-Tax Contribution percentage
      and the treatment of Pre-Tax Contributions shall satisfy such other requirements
      as may be prescribed by the Secretary of the Treasury pursuant to the
      Code.

    

    The
      After-Tax Contribution Percentage and the Pre-Tax Contribution Percentage for
      any Eligible Employee who is a Highly Compensated Employee for the year and
      who
      is eligible to make After-Tax Contributions, to receive Company Matching
      Contributions or to have Pre-Tax Contributions allocated to his or her accounts
      under two or more plans described in Section 401(a) of the Code or arrangements
      described in Section 401(k) of the Code that are maintained by the Company
      or an
      Affiliated Employer shall be determined as if all such contributions were made
      under a single plan.

    

    "Highly
      Compensated Employee" is any Employee who after the application of Sections
      414(b), (c), (m), (n) and (o) of the Code was:

    

    
      	 	
              (A)

            	
              a
                5% owner (as defined in Section 416(i)(1) of the Code) at any time
                during
                the Plan year or the preceding Plan Year;
                or

            

    

    

    
      	 	
              (B)

            	
              For
                the preceding year had compensation from his or her employer in excess
                of
                the limit set forth in 414(g) (as adjusted for inflation by the Secretary
                of the Treasury I accordance with Section 414(g)(1) of the
                Code).

            

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    For
      this
      purpose, for the Plan Year beginning January 1, 1997, "compensation" shall
      mean
      compensation within the meaning of Section 415(c)(3) of the Code determined
      without regard to Sections 125, 402(e)(3), and 402(h)(1)(B) of the Code, and
      for
      plan years beginning after on or after January 1, 1998, shall mean compensation
      as defined in Section 415(c)(3) of the Code.

    

    To
      the
      extent not described here, the rules contained in Section 414(q) of the Code
      shall apply in determining the number and identity of highly compensated
      employees. Notwithstanding any other provision of the Plan, for purposes of
      determining the number or identity of highly compensated employees, employees
      shall include leased employees as defined in section 414(n)(2) of the
      Code.

    

    (b)   Limitation
      on Compensation Taken Into Account.
      The
      total amount of compensation taken into account under the Plan for any Employee
      for the Plan Year beginning December 31, 2002 shall not exceed $200,000, as
      adjusted for cost-of living increases in accordance with Section 401(a)(17)(B)
      of the Code. "Compensation" for this purpose means compensation paid by the
      Company to the Employee during the year which is required to be reported as
      wages on the Employee's Form W-2 ("determination period"). The cost-of-living
      adjustment in effect for a calendar year applies to compensation for the
      determination period that begins with or within such calendar year.

    

    (c)   Annual
      Limit on Pre-Tax Contributions.
      The
      total
      amount of Pre-Tax Contributions allowable for any Employee for any year shall
      not exceed the dollar limitation contained in Section 402(g) of the Code in
      effect for such taxable year, except to the extent permitted under Section
      3.1(c) of the Plan and Section 414(v) of the Code, if applicable.

    

    (d)   Limitations
      on Contributions Applicable to Highly Compensated
      Employees.
      The
      After-Tax Contribution Percentage and the Pre-Tax Contribution Percentage for
      any Eligible Employee who is a Highly Compensated Employee for the year shall
      be
      limited to the extent required under the following tables:

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    After-Tax
      Contribution Percentage Limitation

     

    
      	
              If
                the average After-Tax Contribution Percentage of Eligible Employees
                who
                are not Highly Compensated Employees for the preceding Plan Year
                (or if
                the Company amends the Plan to elect the current Plan Year)*
                is:

            	 	
              The
                allowable average After-Tax Contribution Percentage for the current
                Plan
                Year for Eligible Employees who are Highly Compensated Employees
                shall not
                exceed:

            

    

    

    
      	
              (a)

            	
              2%
                or less

            	 	
              (a)

            	
              2.0
                multiplied by the average After-Tax Contribution Percentage for Eligible
                Employees who are not Highly Compensated Employees

            
	 	 	 	 	 
	
              (b)

            	
              over
                2% but not more than 8%

            	 	
              (b)

            	
              2.0
                percentage points added to the average After-Tax Contribution Percentage
                for Eligible Employees who are not Highly Compensated
                Employees

            
	 	 	 	 	 
	
              (c)

            	
              more
                than 8%

            	 	
              (c)

            	
              1.25
                multiplied by the average After-Tax Contribution Percentage for eligible
                Employees who are not Highly Compensated
                Employees

            

    

     

    
      	
               *

            	
               Effective
                with Plan Year ending December 30, 2004, the Plan is is
                amended to elect the current Plan Year. 

            	 	 	
              or,
                in any case, such lesser amount as the Secretary of the Treasury
                shall
                prescribe to prevent the multiple use of parts (a) and (b) of this
                limitation with respect to any Highly Compensated Employee.
                Notwithstanding the above, the multiple use test described in Treasury
                Regulation Section 1.401(m)2 shall not apply for Plan Years beginning
                after December 31, 2001.

            

    

    

    Pre-Tax
      Contributions Percentage Limitation

    

    
      	
              If
                the average Pre-Tax Contribution Percentage of Eligible Employees
                who are
                not Highly Compensated Employees for The preceding Plan Year (or
                if the
                Company amends the Plan to elect the current year)* is: 

            	 	
              The
                allowable average Pre-Tax Contribution Percentage for the current
                Plan
                Year for Eligible Employees who are Highly Compensated Employees
                shall not
                exceed:

            

    

    

    
      	
              (a)

            	
              2%
                or less

            	 	
              (a)

            	
              2.0
                multiplied by the average Pre-Tax Contribution percentage for Eligible
                Employees who are not Highly Compensated Employees

            
	 	 	 	 	 
	
              (b)

            	
              over
                2% but not more than 8%

            	 	
              (b)

            	
              2.0
                percentage points added to the average Pre-Tax Contribution percentage
                for
                Eligible Employees who are not Highly Compensated
                Employees

            
	 	 	 	 	 
	
              (c)

            	
              more
                than 8%

            	 	
              (c)

            	
              1.25
                multiplied by the average contribution percentage for Eligible Employees
                who are not Highly Compensated
                Employees

            

    

     

    
      
        	
                 *

              	
                Effective
                  with Plan Year ending
                  December 30, 2004, the Plan is
                  is
                  amended to elect the current Plan Year.

              	 	 	
                or,
                  in any case, such lesser amount as the Secretary of the Treasury
                  shall
                  prescribe to prevent the multiple use of parts (a) and (b) of this
                  limitation with respect to any Highly Compensated Employee.
                  Notwithstanding the above, the multiple use test described in Treasury
                  Regulation Section 1.401(m)2 shall not apply for plan years beginning
                  after December 31, 2001.

              

      

       

    

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    The
      Administration Committee shall, to the extent necessary to conform to the
      foregoing limitations, reduce the amounts of allowable After-Tax Contribution
      and Company Matching Contributions, and Pre-Tax Contributions, respectively,
      for
      the year with respect to any or all Eligible Employees who are Highly
      Compensated Employees. Any such reductions by the Administration Committee
      shall
      be made in such manner as the Administration Committee from time to time may
      prescribe. For purposes of this section, the Plan shall satisfy the requirements
      of Sections 401(k)(3) and 401(m) of the Code and Treas. Reg. Sections
      1.401(k)-1(b) and 1.401(m)-1.

    

    
      	 	
              (e)

            	
              Limitations
                on Contributions under Section 415 of the Internal Revenue
                Code.

            

    

    

    
      	 	
              (1)

            	
              Limitation.
                Notwithstanding any other provision hereof, the sum of the Annual
                Additions (as defined in Subsection 3.4(e)(2) in respect of any Employee
                for any Limitation Year beginning after December 31, 1994 (as defined
                in
                Subsection 3.4(e)(3) shall not exceed the lesser
                of

            

    

    

    
      	 	
              (a)

            	
              25%
                of the Employee's compensation (as defined in Subsection 3.4(e)(4));
                and
                effective January 1, 2002, 100% of the Employee's compensation (as
                defined
                in Subsection 3.4(e)(4)); or

            

    

    

    
      	 	
              (b)

            	
              $30,000
                or, on and after January 1, 2001, $35,000 or, on and after January
                1,
                2002, $40,000, as adjusted for increases in the cost of living under
                Section 415(c) of the Code.

            

    

    

    The
      limitation under (a) immediately above shall continue to be applied throughout
      the Limitation Year on the basis of compensation earned through each
      contribution date; and the limitation under (b) immediately above shall continue
      to be applied each pay period throughout the Limitation Year with the limitation
      for a pay period being the stated dollar amount multiplied by a fraction, the
      numerator of which is one and the denominator which is the number of pay periods
      during the Limitation Year for which the limitation is being applied.
      

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    
      	 	
              (2)

            	
              Annual
                Addition.
                The Annual Addition in respect of any Employee for any Limitation
                Year (as
                defined in Subsection 3.4(e)(3)) shall mean the sum for such year
                of

            

    

    

    
      	 	
              (a)

            	
              Company
                Matching Contributions and Pre-Tax Contributions in respect of the
                Employee under this Plan, plus

            

    

    

    
      	 	
              (b)

            	
              the
                sum of:

            

    

    

    
      	 	
              (i)

            	
              the
                Employee's contributions under the Company's General Retirement Plan
                (or
                any similar plan of a Subsidiary or affiliate of the
                Company),

            

    

    

    
      	 	
              (ii)

            	
              the
                Employee's After-Tax Contributions that are matched by Company Matching
                Contributions pursuant to Section 3.1(c) hereof,
                

            

    

    

    
      	 	
              (iii)

            	
              the
                Employee's After-Tax Contributions to this Plan that are not matched
                by
                Company Matching Contributions, and

            

    

    

    
      	 	
              (c)

            	
              Company
                contributions under the Ford Retirement
                Plan

            

    

    

    
      	 	
              (3)

            	
              Limitation
                Year.
                For purposes of this paragraph, "Limitation Year" shall mean the
                calendar
                year.

            

    

    

    
      	 	
              (4)

            	
              Compensation.
                As
                used in Subsection 3.4(e)(1)(a), "compensation" shall mean the
                compensation (as defined by Section 415(c)(3) of the Code (as modified
                by
                Sections 414(u)(1) and (7) of the Code and Treas. Reg. Section 1.415-2(d))
                paid or made available to an employee during the Limitation Year
                in
                question.

            

    

    

    
      	 	
              (5)

            	
              Order
                of Application of Limitations.
                If
                the Annual Addition taken into account under Subsection 3.4(e)(2)
                shall
                exceed, or shall be reasonably projected to exceed, the limitation
                of such
                Annual Addition required by Subsection 3.4(e)(1), any necessary or
                appropriate reduction in Employee After-Tax Contributions, Company
                Matching Contributions or Pre-Tax Contributions shall be applied,
                first by
                reducing amounts contributed as Pre-Tax Contributions pursuant to
                Section
                3.1(b) hereof with respect to the Performance Bonus Plan (or, if
                appropriate, the Ford Motor Credit Variable Incentive Plan), second
                by
                reducing the Employee's After-Tax Contributions taken into account
                under
                Subsection 3.4(e)(2)(b)(iii), third by reducing the Employee's After-Tax
                Contributions taken into account under Subsection 3.4(e)(2)(b)(ii),
                and
                related Company Matching Contributions (in the same ratio as provided
                for
                Company Matching Contributions under Subsection 3.1(d) hereof), fourth
                by
                reducing Pre-Tax Contributions that are not matched by Company Matching
                Contributions, and fifth by reducing Pre-Tax Contributions that are
                matched by Company Matching Contributions pursuant to Subsection
                3.1(d)
                hereof and related Company Matching Contributions (in the same ratio
                as
                provided for Company Matching Contributions under Subsection 3.1(d)
                hereof).

            

    

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    Notwithstanding
      any other provision of the Plan, in conforming to the limitations of this
      Subsection 3.4(e)(5), the aforementioned reductions in After-Tax Contributions,
      Company Matching Contributions and Pre-Tax Contributions may be made in less
      than a full percentage amount and may be rounded to the nearest cent. Any
      reduction pursuant to this paragraph may be effected (i) before the Annual
      Addition reaches the limitation required by Subsection 3.4(e)(1) in order to
      carry out the ordering rule of this Subsection, or (ii) with respect to
      After-Tax Contributions, retroactively as provided in Treas. Reg. Section
      1.415-6(b)(6)(iv) by returning to the Employee such After-Tax Contributions
      as
      are necessary to reduce the Employee's Annual Addition to such limitation,
      along
      with any Earnings or gains attributable to such returned contributions. This
      retroactive reduction shall be made by a distribution by the Trustee to the
      Employee of the cash value of assets in the Employee's After-Tax Contribution
      Account that are attributable to the contributions to be returned, which
      contributions shall be those for the most recent month and such immediately
      preceding months as may be necessary to complete the return of contributions;
      provided that if less than all of such contributions for a month will complete
      such return, the cash value of assets to be distributed shall be taken from
      the
      Employee's Account in proportion to the way in which such contributions had
      been
      invested when made.

    

    
      	 	
              (6)

            	
              Participants
                In Plans of Subsidiaries or Affiliated Employer.
                If
                a Participant, at any time during the calendar year, was a participant
                under any defined contribution plan (as that term is used in Section
                415(c) of the Code) of a Subsidiary of the Company or an Affiliated
                Employer (all such plans being referred to herein collectively as
                "affiliate plans"), then the determination of the Annual Addition
                in
                respect of such Participant for such calendar year as described in
                Subsection 3.4(e)(2) hereof shall be modified as provided in this
                Subsection:

            

    

    

    
      	 	
              (a)

            	
              any
                employer contributions (as that term is used in Section 415(c)(2)(A)
                of
                the Code) and any forfeitures allocated during such year for the
                Account
                of such Participant under all affiliate plans in respect of services
                performed prior to the Participant's commencement of participation
                under
                this Plan shall be added to the amount determined under Subsection
                3.4(e)(2); and

            

    

    

    
      	 	
              (b)

            	
              any
                employee contributions (as that term is used in Section 415(c)(2)(B)
                of
                the Code) by such Participant during such year under all affiliate
                plans
                in respect of services performed prior to the Participant's commencement
                of participation under this Plan shall be taken into account for
                purposes
                of subsection 3.4(e)(2)(b).

            

    

    

    
      	 	
              3.5

            	
              Return
                of Contributions in Excess of Limitations.

            

    

    

    Subject
      to such regulations as the Administration Committee from time to time may
      prescribe, a Participant whose Salary reductions to this Plan and similar
      reductions under all other plans in which the Participant is a participant
      exceed the limit described in Section 3.4 (c) may request and receive return
      of
      such excess Pre-Tax Contributions under this Plan for such year and Earnings
      thereon by submitting a request for return of such excess in this Plan to the
      Administration Committee in such form as shall be acceptable to the
      Administration Committee. Such amounts contributed for an immediately preceding
      Plan Year shall be returned no later than each April 15 to Participants who
      submit such requests to the Administration Committee no later than the
      immediately preceding March 1.

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    Pre-Tax
      Contributions and Earnings thereon in excess of the limitations in Subsection
      3.4(d) applicable to such contributions shall be returned to Participants on
      whose behalf such contributions were made for the preceding Plan Year at such
      times and upon such terms as the Administration Committee shall
      prescribe.

    

    After-Tax
      Contributions and Company Matching Contributions and Earnings thereon in excess
      of the limitations in Subsection 3.4(d) applicable to such contributions shall
      be returned to Participants or to the Company, as the case may be, at such
      times
      and upon such terms as the Administration Committee shall
      prescribe.

    

    Notwithstanding
      the foregoing provisions of this Section 3.5, excess Pre-Tax Contributions,
      excess After-Tax Contributions, and excess Company Matching Contributions,
      and
      Earnings on such amounts, shall be returned on the basis of the amount of
      contributions by or on behalf of Participants and as provided in Sections
      401(k)(8)(C) and 401(m)(6)(C) of the Code for the years beginning after December
      31, 1996.

    

    
      	 	
              3.6

            	
              Delivery
                of Contribution to Trustee.

            

    

    

    (a)   After-Tax
      Contributions and Loan Payments.
      As soon
      as practicable after each pay period but in any event not later than 15 days
      after the month of payment of Salary for such period, the Company shall pay
      to
      the Trustee (a) the After-Tax Contributions for such period, (b) the amounts
      of
      payments by Participants with respect to loans and interest thereon pursuant
      to
      Article VI hereof. Upon receipt of such payments by the Trustee, the aggregate
      amount of such payments (and Earnings thereon, as from time to time received
      by
      the Trustee) shall be credited to the respective Accounts of the Participants,
      and the Trustee shall hold, invest and dispose of the same as provided in the
      Plan and Trust Agreements. 

    

    (b)    Company
      Contributions.
      The
      Company shall, from time to time, pay to the Trustee such amounts as are
      required under the provisions of the Plan to fund Pre-Tax Contributions and
      Company Matching Contributions. Company contributions may be paid to the Trustee
      in one or more installments at any time on or after the first day of the Plan
      Year in which such contributions are properly allocable under Article III of
      the
      Plan, provided that sufficient contributions have been paid or delivered to
      fund
      periodic allocations as they are credited pursuant to Sections 3.1(b) and
      3.1(c). In no event shall Company contributions allocable under Section 3.1(b)
      be paid or delivered later than the time the corresponding reduction in the
      Participants' compensation would be considered to be assets of the Plan under
      U.S. Department of Labor Regulation section 2510.3-102.

    

    Company
      contributions that are not immediately allocable under the Plan shall be
      invested separately and such amounts, adjusted for any gains, losses, income
      and
      deductions, shall be applied to reduce Company contributions otherwise required
      under the Plan. A Participant shall not have any interest in or right or power
      in respect of Company contributions or Earnings thereon, whether or not credited
      to his or her account, except as provided in the Plan. In the event that amounts
      remain unallocated as of the end of any Plan Year, such amounts shall be
      allocated in equal dollar amounts to the accounts of all active Participants
      that are non-highly compensated employees employed on the last day of such
      Plan
      Year as qualified non-elective contributions within the meaning of section
      401(m) of the Code.

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    If
      all or
      part of the Company's deductions under Section 404 of the Code for Company
      Matching Contributions are disallowed by the Internal Revenue Service, the
      portion of the contributions to which such disallowance applies shall be
      returned to the Company without interest within one year of such disallowance.
      The Company may recover, without interest, the amount of any contribution made
      on account of mistake of fact, provided that such recovery is made within one
      year after the date of such contribution. Any recovery by the Company of Company
      contributions to the Plan shall not exceed the value at the time of recovery
      of
      assets acquired with the Company contributions and with Earnings
      thereon.

    

    3.7    Participant's
      Rights Not Transferable.
      Except
      to the extent permitted by (a) Sections 401(a)(13) and 414(p) of the Code and
      (b) under Private Letter Ruling 200426027 (March 30, 2004) which provides that
      the Plan shall honor Federal Garnishment orders (for those garnishments
      enumerated in said PLR and issued to collect fines and restitution under the
      Federal Debt Collections Procedures Act and the Mandatory Victims Restitution
      Act), with payments to commence only when the Participant has a right to receive
      benefit payments under the Article VII herewith, no right or interest of any
      Participant or beneficiary of a Participant under the Plan or in his or her
      Account shall be assignable or transferable, in whole or in part, either
      directly or by operation of law or otherwise, including without limitation
      by
      execution, levy, garnishment, attachment, pledge or in any other manner, except
      in accord with provisions of a qualified domestic relations order as defined
      by
      Section 206(d) of ERISA and Section 414(p) of the Code and further excluding
      devolution by death or mental incompetence; no attempted assignment or transfer
      thereof shall be effective; and no right or interest of any Participant or
      beneficiary of a Participant under the Plan or in his or her Account shall
      be
      liable for, or subject to, any obligation or liability of such Participant
      or
      beneficiary of a Participant.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV

    

    Investment
      Elections

    

    4.1    Participant's
      Election As to Investment of Contributions.
      A
      Participant's After-Tax Contributions,
      Pre-Tax
      Contributions,
      and
      effective August 1, 2005, Company Matching Contributions each shall be invested
      as the Participant shall elect with respect to each in one or more of the Ford
      Stock Fund, the Common Stock Index Fund, the Bond Index Fund, the Interest
      Income Fund, and any of the Additional Investment Options listed in Appendix
      A,
      provided that the amount contributed to any investment election shall be in
      such
      minimum percentage of the contribution as is from time to time specified by
      the
      Administration Committee, and contributions in excess of the minimum shall
      be
      made in increments of one percent. A prospectus for any of the mutual funds
      listed in Appendix A shall be delivered promptly to any Employee or Participant
      upon request of such Employee or Participant.

     

    A
      Participant's initial investment election hereunder shall be stated in his
      or
      her notice of election to participate or Salary Reduction Agreement. Each
      investment election hereunder shall remain in effect until changed by the
      Participant, and may be changed effective for any pay period in respect of
      After-Tax Contributions, Pre-Tax Contributions or, effective August 1, 2005,
      Company Matching Contributions made after providing a notice in such form and
      in
      such manner and at such time as the Administration Committee shall specify.
      Performance Bonus Plan payments and Ford Credit Variable Investment Plan
      payments that Participants elect to have contributed to the Plan shall be
      invested in accordance with a Participant's election in effect at the time
      of
      contribution, or if the Participant does not have in effect such an election
      with respect to Pre-Tax Contributions, in accordance with the Participant's
      latest Pre-Tax Contribution election or, in the absence of any such election,
      in
      the Interest Income Fund. Company Matching Contributions shall be invested
      in
      the Ford Stock Fund. Effective August 1, 2005, Participants may direct the
      investment of any Company Matching Contributions. In the absence of any such
      election, Company Matching Contributions shall be invested in the Interest
      Income Fund.

    

    A
      Participant's investment election pursuant to this Section 4.1 and pursuant
      to
      Section 4.2 hereof shall be transmitted to the party or parties from time to
      time specified by the Administration Committee and communicated to Participants,
      and such election may be transmitted in writing, by telephone, or by other
      electronic means as the Administration Committee shall from time to time
      determine. The party or parties specified by the Administration Committee shall
      be responsible for complying with Participants' investment elections and shall
      provide written confirmations of elections to Participants within a reasonable
      time, as from time to time determined by the Administration Committee, following
      the making of the election. 

    

    4.2    Transfer
      of Assets to Other Investment Elections.
      Except
      as is provided in Appendix A or subsection (d) or (e) of this Section 4.2,
      any
      Participant may elect, at such times, in such manner, to such extent and with
      respect to such assets as the Administration Committee from time to time may
      determine, to have the value of all or part of the Participant's vested assets
      and, effective July 1, 2004, unvested assets invested in any available
      investment election under the Plan transferred and invested in any other
      available investment election under the Plan; provided, however,
      that:

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    
      	 	
              (a)

            	
              a
                Participant may make one or more such transfer elections with respect
                to
                his or her Accounts during each business day, except that effective
                June
                1, 2000, a Participant shall not be allowed to make transfers into
                or out
                of the Ford Stock Fund more than five (5) times in a given month,
                and this
                limitation applies regardless of the number of transfers a Participant
                may
                have engaged in with respect to the Ford Stock Fund in any previous
                month
                or months. Effective December 1, 2004, a Participant may exchange
                out of
                the Ford Stock Fund at any time; transfers into the Ford Stock Fund
                are
                limited to five (5) times in a given
                month.

            

    

    

    
      	 	
              (b)

            	
              a
                Participant may make transfer elections in either a dollar amount,
                share/unit amount or a percentage of the amount invested in such
                investment election from which such transfer is elected, in increments
                of
                one percent, provided that the amount transferred is at least minimum
                percentage from time to time specified by the Administration Committee
                or,
                if greater, $250.00; provided that if the amount invested in the
                investment election from which transfer is elected is less than $250.00,
                the entire value of the assets invested in the investment election
                from
                which transfer is elected;

            

    

    

    
      	 	
              (c)

            	
              all
                such transfer elections shall be subject to such other regulations
                as the
                Administration Committee may prescribe, which may specify, among
                other
                things, application procedures, minimum and maximum amounts that
                may be
                transferred, procedures for determining the value of assets the subject
                of
                a transfer election and other matters which may include conditions
                or
                restrictions applicable to transfer elections;

            

    

    

    
      	 	
              (d)

            	
              after
                March 31, 2000, the Scudder International Bond Index Fund, previously
                listed on Appendix A, ceased to be offered as an investment option.
                From
                April 1, 2000 through September 22, 2000, no assets could be transferred
                into the Scudder International Bond Index Fund. On and after April
                1,
                2000, elections to invest assets in the Scudder International Bond
                Index
                Fund made prior to that date are treated as elections to invest in
                the
                Interest Income Fund. During said period assets could have been
                transferred from the Scudder International Bond Index Fund into any
                other
                available investment election under the Plan. All assets remaining
                in the
                Scudder International Bond Index Fund as of the close of the New
                York
                Stock Exchange on September 22, 2000, were transferred into the Interest
                Income Fund; 

            

    

    

    
      	 	
              (e)

            	
              after
                the close of the New York Stock Exchange on March 28, 2002, the mutual
                funds listed on Appendix B-1 ("Closed Funds") ceased to be offered
                as
                investment options under the Plan. From March 30, 2002 through March
                31,
                2003, ("Sunset Period") the Closed Funds were closed to contributions,
                exchanges in and loan repayment but assets in the Closed Fund as
                of close
                of the New York Stock Exchange on March 28, 2002 remained during
                the
                Sunset Period. Prior to the close of the New York Stock Exchange
                on April
                15, 2002, Participants in Closed Funds were required to make new
                investment elections or Participant's future contributions and loan
                repayments were defaulted as described below. During the Sunset Period,
                assets could be transferred out of the Closed Funds into any other
                available investment election under the Plan that is not a Closed
                Fund.
                Assets remaining in the Closed Funds as of the close of the New York
                Stock
                Exchange on March 31, 2003 were transferred automatically at market
                close
                on March 31, 2003 as described below. Assets defaulted into the Interest
                Income Fund and the Fidelity Freedom Funds may be exchanged out of
                these
                funds at any time;
                and.

            

    

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    
      
        	
                Name
                  of Closed Fund

              	
                Default
                  Investment Option

              
	
                Fidelity
                  Asset Manager: Income

              	
                Fidelity
                  Freedom Income Fund

              
	
                Fidelity
                  Asset Manager

              	
                Fidelity
                  Freedom 2010 Fund

              
	
                Fidelity
                  Asset Manager: Growth

              	
                Fidelity
                  Freedom 2020 Fund

              
	
                Vanguard
                  LifeStrategy-Conservative Growth Fund

              	
                Fidelity
                  Freedom 2010 Fund

              
	
                Vangaurd
                  LifeStrategy-Moderate Growth Fund

              	
                Fidelity
                  Freedom 2020 Fund

              
	
                Vanguard
                  LifeStrategy-Growth Fund

              	
                Fidelity
                  Freedom 2030 Fund

              
	
                All
                  Other Closed Funds

              	
                Interest
                  Income Fund

              

      

    

    

    
      	 	
              (f)

            	
              after
                the close of the New York Stock Exchange on August 31,2004, the mutual
                funds listed on Appendix B-2 (“Closed Funds”) ceased to be offered as
                investment options under the Plan. From June 1, 2004 through August
                31,
                2004 ("Sunset Period), these funds were closed to future contributions,
                exchanges in and loan repayments. Assets in these funds as of the
                close of
                the New York Stock Exchange on May 31, 2004 remained during the Sunset
                Period. Prior to the close of the New York Stock Exchange on May
                31, 2004,
                Participants in these funds were required to make new investment
                elections
                or else Participant's future contributions and loan repayments defaulted
                to the Interest Income Fund. During the Sunset Period, assets could
                be
                transferred out of the “Closed Funds” into any other available investment
                option in the Plan. Assets remaining in these funds as of the close
                of the
                New York Stock Exchange on August 31, 2004 were transferred automatically
                to the Interest Income Fund. Assets defaulted to the Interest Income
                Fund
                may be exchanged out at any time.

            

    

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      V

    

    Vesting
      and Forfeiture of Assets Attributable to Company Matching
      Contributions

    

    
      	 	
              5.1

            	
              Vesting.
                

            

    

    

    (a)   Pre-Tax
      Contributions and After-Tax Contributions.
      A
      Participant's right to the assets attributable to After-Tax Contributions and
      Pre-Tax Contributions is immediately nonforfeitable regardless of the
      Participant's age and service. Assets attributable to Company Matching
      Contributions shall vest in accordance with the following provisions of this
      paragraph for employees on the active employment roll on or after December
      31,
      2002.

    

    (b)   Company
      Matching Contributions.
      Assets
      attributable to Company Matching Contributions shall become nonforfeitable
      upon
      the occurrence of the earliest of the following:

    

    
      	 	
              (i)

            	
              attainment
                by a Participant who is an Employee of the normal retirement age
                of 65 as
                an active Employee or, if earlier, three years after the Participant's
                original date of hire;

            

    

    

    
      	 	
              (ii)

            	
              retirement
                of a Participant who is an Employee pursuant to the provisions of
                any
                retirement plan maintained by the Company or a
                Subsidiary;

            

    

    

    
      	 	
              (iii)

            	
              death
                of a Participant who is an Employee prior to termination of
                employment;

            

    

    

    
      	 	
              (iv)

            	
              death
                or disability of a Participant who terminates employment with the
                Company
                or a Participating Employer to enter military service and is therefore
                unable to return to work with the Company or a Participating Employer
                within the applicable reinstatement period; or

            

    

    

    (c)   Dividends
      on Ford common stock in the Ford Stock Fund.
      Dividends paid beginning September 1, 2004 attributable to Company Matching
      Contributions that are reinvested by the Participant in the Plan shall be
      immediately vested as of the date such dividends are reinvested, regardless
      of
      the Participant's vesting status on such date.

    

    Notwithstanding
      the foregoing provisions of this Section 5.1: (1) a Participant who has attained
      at least three (3) Vesting Years of Service under the PRIMUS Automotive
      Financial Services, Inc. Prime Account as of the time such Participant becomes
      a
      Participant shall at all times be fully vested in Company Matching
      Contributions; (2) each Participant who, under the terms of the Plan in effect
      on September 30, 1995, would at any time thereafter and prior to termination
      of
      employment have become fully vested in Company Matching Contributions pursuant
      to those terms shall be deemed fully vested on the earlier to occur of the
      satisfaction of the vesting conditions in effect on September 30, 1995, or
      the
      satisfaction of the vesting conditions that became effective October 1, 1995;
      (3) each Participant who is an Employee as of December 31, 1997, and who is
      released to Marriott or AVI as a result of the sale of cafeteria service
      business to those entities shall be fully vested in his or her Company Matching
      Contributions Account on the day immediately preceding the date the individual
      becomes employed by Marriott or AVI; (4) each Participant who is employed by
      Visteon Corporation at the time it ceases to be a member of the group of
      businesses under common control (within the meaning of Sections 414(b) and
      (c)
      of the Code) that includes the Company shall be fully vested in his or her
      Company Matching Contributions without regard to the preceding provisions of
      this section, (5) each Participant who was an Employee of the Company and who
      transferred to Vastera Solutions Services Corporation on September 1, 2000
      shall
      be fully vested in Company Matching Contributions as of the date of their
      transfer, (6) each Participant who was an Employee of the Company and who
      transferred to Wingcast, L.L.C. between October 16, 2000 and December 31, 2000,
      shall be fully vested in Company Matching Contributions as of the date of their
      transfer, (7) each Participant who was an Employee of the Company and who
      transferred to Covisint, LLC before June 1, 2001, shall be fully vested in
      Company Matching Contributions as of their Employment Dates (within the meaning
      of the Employee Transfer Agreement); (8) each Participant who was an Employee
      of
      the Company and who transferred to Ecostar Electric Drive Systems, LLC shall
      be
      fully vested in Company Matching Contributions as of November 30, 2001, the
      Employment Date (within the meaning of the Employee Transfer Agreement) (9)
      each
      Participant who was an Employee of Fairlane Credit L.L.C. as of January 1,
      2002
      and who separated from Fairlane Credit LLC on or after March 6, 2002 and was
      not
      transferred to the Company or any other Affiliated Employer shall be fully
      vested in Company Matching Contributions effective September 15, 2002; and
      (10)
      each Participant who was an Employee of the Company employed in the Security
      Guard Services and who transferred to Guardsmark, LLC between February 1, 2005
      and July 1, 2005 under the terms of the Employee Transfer Agreement between
      Ford
      Motor Company and Guardsmark, LLC, shall be fully vested in Company Matching
      Contributions as of the date of transfer.

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

       
      (c)   Assets
      Transferred from Savings Plan of a Subsidiary.
      Assets
      transferred to the Plan pursuant to Section 3.2 shall be
      nonforfeitable.

    

    (d)   Land
      Rover North America, Inc. 401(k) Retirement Savings
      Plan.
      Notwithstanding the provisions of 5.1(b)(i), a Participant shall be immediately
      and shall remain fully vested in all interest in the Participant's account
      attributable to the Land Rover North America, Inc. 401(k) Retirement Savings
      Plan.

     

    
      	 	
              5.2

            	
              Forfeiture.
                

            

    

    

    (a)   Termination
      of Employment.
      Forfeitable assets attributable to Company Matching Contributions shall be
      forfeited on the last day of the fifth Plan Year following a Participant's
      termination of employment. With the group of employees that, including the
      Company, constituting a single employee for purposes of Sections 414(b)(c)
      and
      (m) of the Code, provided that the Participant does not return to employment
      with one or more member of such group of employment prior to such last day.
      The
      foregoing provisions of the subsection (a) of Section 5.2 shall not apply to
      the
      a termination employment by reason of death, Retirement pursuant to the
      provisions of any Retirement Plan maintained by the Company or a Subsidiary,
      layoff, medical leave or release due to continued disability after expiration
      of
      medical leave, regular employment by an Affiliated Employer, or where the
      Participant shall be granted a military leave of absence, and either (A) the
      Participant's employment subsequently is reinstated under then applicable
      personnel policies of the employer or (B) within the period so provided for
      reinstatement, the Participant either dies or becomes eligible for Retirement
      pursuant to the provisions of any Retirement Plan.

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    (b)   Withdrawal
      of Assets.
      If a
      Participant is required to forfeit assets attributable to Company Matching
      Contributions as a result of a withdrawal by the Participant, then such
      Participant may subsequently elect to return such a withdrawal to the Plan
      and
      have the assets attributable to Company Matching Contributions restored to
      his
      or her Account as provided in Subsection 7.4(f) hereof.

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

    ARTICLE
      VI

    

    Loans
      to Participants

    

    Subject
      to such regulations as the Administration Committee from time to time may
      prescribe, a Participant described in (i) of the first sentence of the
      immediately following paragraph may apply for and receive a loan from the Plan
      provided that the aggregate of all such loans does not exceed the lesser of:
      

    

    (i)    the
      cash
      value, at the time of any such loan, of the assets (except any amount credited
      to such Participant's Income Fund subaccount) in his or her Pre-Tax Contribution
      Account, or After-Tax Contribution Account that are attributable to Pre-Tax
      Contributions made on his or her behalf or to After-Tax Contributions, or
      rollover contributions and that the Participant shall have designated to be
      used
      to provide the amount of the loan;

    

    (ii)   fifty
      percent (50%) of the cash value of assets, at the time any such loan is made,
      in
      his or her account but not more than $50,000; or

    

    (iii)   $50,000
      reduced by the difference between such Participant's highest loan balance under
      all plans of the Company and its Subsidiaries during the previous 12 months
      (ending on the day before the effective date of such loan from the Plan) and
      such Participant's loan balance on the effective date of such loan.

    

    All
      such
      loans shall (i) be available on a reasonably equivalent basis to all active
      Employees and all former Employees who were employed by the Company on March
      31,
      2000, and became an employee of Visteon Corporation on or between April 1,
      2000,
      and June 28, 2000, (ii) be adequately secured and (iii) bear a reasonable rate
      of interest and be subject to such other requirements, including repayment
      terms
      (repayment of loans must be made not less frequently than quarterly), as the
      Administration Committee from time to time may prescribe, provided, however,
      that (a) the entire amount of any such loan and all amounts of related interest
      must be repaid not later than 60 months (or, when permitted by law, such later
      date as the Administration Committee may determine) after the month in which
      the
      loan is effective and (b) repayments shall be made by a Participant from his
      or
      her salary by payroll deductions or in such other manner as the Administration
      Committee may prescribe. All such requirements shall be applicable on a uniform
      and non-discriminatory basis to all Participants who may apply for such
      loans.

    

    Amounts
      paid by a Participant, including interest payments, with respect to any such
      loan shall be credited to a loan sub-account in such Participant's Pre-Tax
      Contribution Account.

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

    

    Loan
      repayments, including interest, on loans made before October 1, 1995 shall
      be
      invested in the Interest Income Fund until the Participant elects to have such
      assets transferred. Loan repayments, including interest, on loans made on or
      after October 1, 1995 shall be invested in the latest investment elections
      made
      on or after October 1, 1995 by the Participant with respect to current After-Tax
      or Pre-Tax Contributions or, in the absence of such election, in the Interest
      Income Fund until the Participant elects to have such assets transferred. Loan
      repayments, including interest, on loans made on or after October 1, 1995 will
      be allocated to After-Tax or Pre-Tax Contribution Accounts, or both, from which
      loans were made and in the same proportion.

    In
      the
      event of a default on a loan, the Participant's accrued benefit under the Plan
      shall not be reduced until an otherwise permissible distributable event occurs
      (e.g., attaining age 59 1/2, termination of employment).

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

    ARTICLE
      VII

    

    Withdrawals,
      Distributions and Transfers

    

    
      	 	
              7.1

            	
              Withdrawal
                by Participants of Assets Prior to Termination of
                Employment.

            

    

    

    (a)   Pre-Tax
      Contributions.
      A
      Participant shall not be permitted to withdraw prior to his or her termination
      of employment all or any portion of the assets in the Participant's Pre-Tax
      Contribution Account attributable to Pre-Tax Contributions; provided, however,
      that such withdrawal shall be permitted subject to the conditions in Section
      7.4
      hereof (i) at any time after the Participant shall have attained age 59-1/2
      or
      (ii) prior to attaining age 59-1/2, if (a) the withdrawal is made on account
      of
      an immediate and heavy financial need of the Participant and is necessary to
      satisfy such financial need or (b) the requirements of safe harbors as provided
      in regulations promulgated by the Internal Revenue Service are met; provided,
      however, that any withdrawal on account of financial hardship cannot exceed
      the
      value of Pre-Tax Contribution assets as of December 31, 1988 plus the dollar
      amount of Pre-Tax Contributions made to the Account of the Participant
      thereafter, exclusive of Earnings thereon, and provided, further, that in the
      event of any withdrawal by a Participant prior to attaining age 59-1/2, such
      Participant shall not be permitted to make contributions to the Plan for a
      period of 12 months succeeding the date of any withdrawal of assets. The assets
      so withdrawn shall be delivered to the Participant as soon as practicable after
      the effective date of the withdrawal.

    

    The
      following are the only financial needs that are considered immediate and heavy
      under the Internal Revenue Service safe harbors referred to above: (1) expenses
      incurred or necessary for medical care described in Code section 213(d), of
      the
      Participant, the Participant's spouse, or the Participant's dependents; (2)
      the
      purchase (excluding mortgage payments) of a principal residence of the
      Participant; (3) payment of tuition and related educational fees for the next
      12
      months of post-secondary education for the Participant, the Participant's
      spouse, children or dependents; or (4) the need to prevent the eviction of
      the
      Participant from or a foreclosure on the mortgage of the Participant's principal
      residence.

    

    A
      hardship withdrawal is not necessary to the extent it exceeds the amount
      necessary (including taxes) to relieve the need or to the extent that the need
      may be satisfied from other resources reasonably available to the Participant.
      

    

    (b)   After-Tax
      Contributions.
      Subject
      to the conditions in Section 7.4 hereof, at any time or from time to time prior
      to termination of employment, a Participant may withdraw all or part of the
      cash
      value of assets in his or her After-Tax Account that are attributable to his
      or
      her After-Tax Contributions or Earnings thereon; provided, however, that such
      Participant shall not be permitted to make contributions to the Plan for a
      period of 12 months succeeding the date of any withdrawal of assets on which
      Company Matching Contributions were based if such withdrawal is made within
      two
      years following the end of the year in which such contributions were made.
      

    

    (c)   Company
      Matching Contributions.
      Subject
      to the conditions in Section 7.4, a Participant may withdraw all or part of
      the
      cash value of assets in his or her Company Matching Contributions Account that
      are attributable to Company Matching Contributions or Earnings thereon at any
      time and from time to time prior to termination of employment to the extent
      such
      assets shall have vested pursuant to the provisions of Section 5.1 hereof;
      provided, however, that, except in the case of a Participant who has attained
      age fifty-nine and one-half, no such withdrawal shall be permitted for two
      years
      following the end of the year in which Company Matching Contributions were
      made.

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

    (d)   Lump-Sum
      or Systematic
      Withdrawals of Pre-Tax Contributions, After-Tax Contributions and Company
      Matching Contributions After Attainment of Age 59-l/2.
      After
      attainment of age 59 1⁄2, a Participant, regardless of whether such Participant
      has terminated employment, may elect to make a lump-sum or systematic withdrawal
      of the cash value of assets in such Participant's account in monthly, quarterly,
      semi-annual or annual installments over such period of time as the Participant
      shall specify, as provided in Subsection 7.2(c) hereof for Participants who
      have
      terminated employment. A Participant who has elected a systematic withdrawal
      pursuant to this Section 7.1(d) may elect to cease such withdrawals at any
      time
      prior to the attainment of age 70-1/2. 

    

    (e)    Pre-Tax
      Contributions, After-Tax Contributions and Company Matching Contributions After
      Attainment of Age 70 1⁄2.
      After
      attainment of age 70 1⁄2, a Participant, regardless of whether such Participant
      has terminated employment, may elect to make a withdrawal of the cash value
      of
      assets in the Participant's account over the life of the Participant or the
      joint lives of the Participant and the Participant's beneficiary under the
      Plan
      (including the Participant's spouse), as provided in Subsection 7.2(d) hereof
      for Participants who have terminated employment. 

    

    (f)    Assets
      Attributable to a Rollover into PRIMUS Automotive Financial Services, Inc.
      Prime
      Account.
      A
      Participant may at any time and from time to time withdraw all or any portion
      of
      the assets in the Participant's Account attributable to a Rollover into the
      PRIMUS Automotive Financial Services, Inc., Prime Account.

    

    
      	 	
              7.2

            	
              Withdrawal
                by Participant of Assets at or After Termination of
                Employment.

            

    

    

    (a)   General.
      Subject
      to the conditions in Section 7.4, a Participant who has terminated employment
      for any reason (whether voluntarily or by discharge, with or without cause),
      may
      elect to make a withdrawal in any of the ways provided for in (b), (c) or (d)
      of
      this Section.

    

    (b)   Ordinary
      Withdrawals.
      A
      Participant who has terminated employment may elect to withdraw all or part
      of
      the cash value of assets in his or her vested Account balance. Such assets
      shall
      be delivered to the Participant as soon as practicable after receipt of a
      request for withdrawal made by the Participant at or after termination of
      employment in such form and in such manner as the Administration Committee
      shall
      specify. In the case of a Participant who has terminated employment, attained
      age sixty-five (65), and requested a distribution of the cash value of the
      assets in his or her Accounts that are vested, provided that the request for
      distribution is received by the end of the Plan Year in which the Participant
      attains age sixty-five (65), the distribution shall be made no later than the
      60th
      day
      after the close of the Plan Year in which such Participant attains age
      sixty-five (65). 

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

    (c)    Systematic
      Withdrawals.
      A
      Participant who has terminated employment may elect a systematic withdrawal
      of
      the cash value of assets in such Participant's Account in monthly, quarterly,
      semi-annual or annual installments over such period of time as the Participant
      shall specify. Each such installment shall be paid in an amount equal to the
      cash value of assets in such Participant's Account on the effective date of
      each
      such installment multiplied by a fraction the numerator of which is one and
      the
      denominator of which is the number of installments remaining in the period
      specified by the Participant. For purposes of this subsection 7.2(c), the term
      "effective date" shall mean the date an installment is debited from a
      Participant's Account. The cash value of each such installment in a systematic
      withdrawal shall be withdrawn on the effective date of the installment
      proportionately from each of the investments which the Participant has elected
      under the Plan as of the effective date. The Administration Committee shall
      establish the effective date or dates for systematic withdrawal payments, which
      may be a uniform monthly date for all such payments, and shall communicate
      such
      date or dates to Participants. Systematic withdrawals shall be made and in
      such
      manner subject to such requirements as the Administration Committee shall
      determine. In the event that the systematic withdrawals specified by the
      Participant do not meet the minimum distribution requirements beginning at
      age
      seventy and one half (70 1⁄2) under section 401(a)(9) of the Code as specified in
      Section 7.3 hereof, then such additional amounts shall be distributed in
      accordance with the provisions of Section 7.3 hereof as necessary to satisfy
      such minimum distribution requirements. Notwithstanding the foregoing provisions
      of this Section 7.2(c), in the case of Participant who terminates employment
      with the Company and all Affiliated Employers, begins a systematic withdrawal,
      and returns to employment with the Company or an Affiliated Employer prior
      to
      the attainment of age 59 1⁄2, such withdrawals shall automatically cease.

    

    (d)    Withdrawals
      Over Life Expectancy.
      A
      Participant who has terminated employment and who has attained age seventy
      and
      one-half (70 1⁄2 ) may elect withdrawal of the cash value of assets in the
      Participant's Account over the life of the Participant or the lives of the
      Participant and the Participant's beneficiary under the Plan (including the
      Participant's spouse) in accordance with Section 401(a)(9) of the Code and
      with
      regulations prescribed by the Secretary of the Treasury thereunder and subject
      to such regulations as the Administration Committee may prescribe. 

    

    
      	 	
              7.3

            	
              Mandatory
                Distributions

            

    

    

    (a)    General.
      Distribution by the Plan of all assets in a Participant's Account, including
      assets attributable to Company Matching Contributions to the extent such assets
      shall have vested, shall be governed by the provisions of (b), (c), (d) and
      (e)
      of this Section. Distributions required under Section 401(a)(9) for calendar
      years 2001 and 2002 will be made in accordance with Section 401(a)(9) 2001
      Proposed Regulations, including the incidental death benefit requirements of
      the
      Code Section 401(a)(9)(G). Effective January 1, 2003, all distributions made
      with respect to a Participant who has attained age 70-l/2 shall be made in
      accordance with the regulations prescribed by the Secretary of the Treasury
      under Section 401(a)(9) Final and Temporary Regulations of the Code, including
      the incidental death benefit requirements of the Code Section 401(a)(9)(G),
      and
      subject to such regulations as the Administration Committee may prescribe.
      The
      distribution provisions under Section 401(a) (9) Final and Temporary Regulations
      override any inconsistent distribution options in the Plan included
      herein.

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

    (b)    Termination
      of Employment.
      In the
      case of a Participant who has terminated employment for any reason (whether
      voluntary or by discharge, with or without cause) and who qualifies for but
      has
      not elected a distribution pursuant to Subsection 7.2(d) that satisfies the
      requirements of Section 401(a)(9) of the Code, notwithstanding any other
      provision of this Plan (other than the immediately following sentence), the
      distribution of the cash value of assets in his or her After-Tax Contributions
      Account and Pre-Tax Contribution Account and the cash value of assets in his
      or
      her Company Matching Contribution Account to the extent the same shall have
      vested as provided in Section 5.1 hereof, shall in the case of a Participant
      who
      attains age 70 1⁄2 on or after January 1, 1988, begin not later than April 1 of
      the calendar year following the calendar year in which the Participant attains
      age seventy and one-half (70 1⁄2 ). Notwithstanding the immediately preceding
      sentence, a Participant described therein may at anytime elect a distribution
      under Section 7.2 hereof. All distributions made with respect to a Participant
      who has attained age 70 1⁄2 shall be made in accordance with the regulations
      prescribed by the Secretary of the Treasury under Section 401(a)(9)-2, and
      subject to such regulations as the Administration Committee may
      prescribe.

    

    
      	 	
              (i)

            	
              Required
                Beginning Date. The Participant's entire interest will be distributed,
                or
                begin to be distributed to the Participant no later than the Participant's
                Required Beginning Date.

            

    

    

    
      	 	
              (ii)

            	
              Amount
                of Required Minimum Distribution for Each Distribution Calendar Year.
                During the Participant's lifetime, the minimum amount that will be
                distributed for each Distribution Calendar Year is the lesser
                of:

            

    

    

    
      	 	
              a.

            	
              the
                quotient obtained by dividing the Participant's account balance by
                the
                distribution period in the Uniform Lifetime Table set forth in Section
                1.401(a)(9)-9 of the Treasury Regulations, using the Participant's
                age as
                of the Participant's birthday in the Distribution Calendar Year ;
                or

            

    

    

    
      	 	
              b.

            	
              if
                the Participant's sole designated beneficiary for the Distribution
                Calendar year is the Participant's spouse, the quotient obtained
                by
                dividing the Participant's account balance by the number in the Joint
                and
                Last Survivor Table set forth in section 1.401(a)(9)-0 of the Treasury
                Regulations, using the Participant's and spouse's attained ages as
                of the
                Participant's and spouse's birthdays in the Distribution Calendar
                Year.

            

    

    

    
      	 	
              (iii)

            	
              Lifetime
                Required Minimum Distributions Continue Through Year of Participant's
                Death. Required minimum distribution will be determined under this
                subsection 7.3(b) beginning with the first Distribution Calendar
                Year and
                up to the including the Distribution Calendar Year that includes
                the
                Participant's date of death.

            

    

    

    In
      the
      case of a Participant who has attained age sixty-five (65), distribution shall
      be made no later than the 60th
      day
      after the close of the year in which the Participant attains age sixty-five
      (65). Notwithstanding the immediately preceding sentence, the following shall
      apply in the event the Plan receives a favorable Internal Revenue Service
      determination letter regarding amendments dated November 25, 1997. In the case
      of a member who has terminated employment and attains age sixty-five (65),
      distribution of the value of the assets in his or her accounts that are vested
      shall be made no later than the 60th
      day
      after the close of the Plan Year in which such Participant attains age
      sixty-five (65); provided that in any such case no distribution shall commence
      until the Participant files a request for benefits. 

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

    If
      the
      Participant's Account was established on or after October 1, 1995 and the value
      of the Participant's Account is less than $3,500 (determined within 90 days
      after termination of employment) and was less than $3,500 on the effective
      date
      of any prior withdrawal or distribution from such Participant's Account, the
      cash value of assets in such Participant's Account shall be distributed as
      soon
      as practicable. With respect to distributions made January 1, 2002 and after,
      the value of the Participant's nonforfeitable account balance shall be
      determined without regard to that portion of the account balance that is
      attributable to rollover contributions (and earnings allocable thereto) within
      the meaning of sections 402(c), 403(B)(8), 408(d)(3)(A)(ii), and 457(e)(16)
      of
      the Code.
      In
      accordance with Code Section 401(a)(31)(B), effective for such mandatory
      "cash-out" distributions occurring on or after March 28, 2005, in the event
      of a
      mandatory distribution greater than $1,000 paid under the provisions of this
      paragraph, if the Participant does not elect to have such distribution paid
      directly to an eligible retirement plan specified by the Participant in a direct
      rollover or to receive the distribution directly, then the Plan will pay the
      distribution in a direct rollover to an individual retirement plan designated
      under the authority provided for in Section 11.2. 

    

    If
      any
      loan is in default as of the end of any year, the entire balance of such loan
      shall be treated as a distribution under the Plan as of the end of such
      year.

    

    (c)    Attainment
      of Age 70 1⁄2 by an Employee Who Has Not Terminated
      Employment.
      In
      the
      case of a Participant who has attained age seventy and one-half (70 1⁄2 ) on or
      after January 1, 1988 and prior to January 1, 1997 and who has not terminated
      employment, and in the case of any Participant who is a 5-percent owner (within
      the meaning of Code Section 416) with respect to the Plan Year in which the
      Participant attains age 70 1⁄2 and has not terminated employment, distribution of
      the cash value of assets in his or her Account shall begin not later than April
      1 of the calendar year following the calendar year in which the Participant
      attains age seventy and one-half (70 1⁄2 ). Upon termination of such Participant's
      employment, the assets remaining in the Participant's Account shall be
      distributed. If a distribution commences under this Section 7.3 while the
      Participant is employed, such distribution is not discontinued as provided
      in
      the last paragraph of this subparagraph, and the Participant dies while still
      employed, the assets remaining in the Participant's Account shall be immediately
      distributed to the Participant's beneficiary (other than the Participant's
      surviving spouse) as provided in Subsection 7.3(e). Such distribution shall
      be
      made in accordance with the regulations prescribed by the Secretary of the
      Treasury under Section 401(a)(9) of the Code, including the minimum distribution
      incidental benefit requirements of Code Section 401(a)(9)(G), and subject to
      such regulations as the Administration Committee may prescribe. 

    

    Distributions
      to active Employees who were not 5-percent owners with respect to the Plan
      Year
      in which they attained age seventy and one-half (70 1⁄2 ) prior to January 1, 1997
      may be discontinued by such Employee effective beginning with distributions
      that
      would otherwise be required to be made for the 1997 plan year.

    

    (d)    Dividends
      on Stock in the Ford Stock Fund.
      With
      respect to the Ford Stock Fund, commencing with the dividend payable for the
      third quarter of 1996, all or a portion of cash dividends paid on shares of
      Company Stock in the Ford Stock Fund that have not been in the Plan continuously
      since January 1, 1989 shall be distributed proportionately to Participants
      who
      have assets in the Ford Stock Fund on the dividend record date and do not reject
      such distribution. The amount of such dividends that shall be distributed to
      Participants who do not reject distribution shall equal the lesser of (i) the
      total of such cash dividends, or (ii) the total amount of cash dividends paid
      on
      all shares held in the Ford Stock Fund multiplied by the ratio of the number
      of
      Ford Stock Fund Units in the Accounts of Participants who do not reject such
      distribution to the number of Ford Stock Fund Units in the Accounts of all
      Participants, such determination to be made as of the dividend record date.
      The
      amount of such cash dividends that shall be distributed to each Participant
      who
      has not rejected such distribution shall be equal to the total amount of cash
      dividends to be distributed multiplied by the ratio of the number of Ford Stock
      Fund Units in the Account of such Participant to the total number of Ford Stock
      Fund Units in the Accounts of all Participants who have not rejected such
      distribution, all determined as of the close of the New York Stock Exchange
      on
      the record date for the dividend.

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

    For
      dividends paid after January 1, 2002, participants shall have the right to
      receive such dividends from the Plan or have them reinvested in the Plan. It
      shall be presumed that such dividends will be reinvested in the Plan unless
      the
      Participant elects otherwise.

    

    Dividends
      paid beginning September 1, 2004 attributable to Company Matching Contributions
      that are reinvested by the Participant in the Plan shall be immediately vested
      as of the date such dividends are reinvested, regardless of the Participant's
      vesting status on such date.

    

    The
      Administration Committee shall from time to time determine the manner in which
      Participants shall be provided an opportunity to reject distribution of Company
      Stock dividends or to change a prior election with respect to distribution.
      

    

    Distribution
      of such dividends shall be made as soon as practicable after receipt of such
      dividends by the Trustee.

    

    (e)   Death
      of a Participant.
      In the
      event of the death of a Participant, any of the cash value of assets in his
      or
      her Account or Accounts under the Plan in respect of which the Participant
      shall
      have designated or be deemed pursuant to Article XIV to have designated one
      or
      more beneficiaries hereunder shall be delivered to such beneficiaries who shall
      survive the Participant in accordance with such designation or deemed
      designation (to the extent effective and enforceable at the time of the
      Participant's death) and the provisions of the Plan, subject to subsection
      7.4(j) and such regulations as the Administration Committee from time to time
      may prescribe, provided, however, that if the Trustee or the Administration
      Committee shall be in doubt as to the right of any such beneficiary to receive
      the cash value of any of such assets, the Trustee may deliver the same to the
      estate of the Participant, in which case the Trustee, the several Participating
      Companies, the Administration Committee and the several members thereof and
      alternates for members shall not be under any further liability to anyone.
      Except as hereinabove provided, in the event of the death of a Participant,
      the
      cash value of assets in his or her Account or Accounts under the Plan shall
      be
      delivered to his or her estate. Except as is provided in the immediately
      following sentence of this Subsection, in the event of death of a Participant,
      distribution of the Participant's Account shall be made to such Participant's
      beneficiary or beneficiaries (or estate, if there are no beneficiaries),
      hereunder as soon as practicable after notice of such Participant's death is
      received by the Company (and in no event later than December 31 of the calendar
      year that includes the fifth (5th)
      anniversary of the Participant's death), and the foregoing shall apply
      notwithstanding any withdrawal or distribution election in effect at time of
      the
      death of a Participant. Notwithstanding the provisions of the immediately
      preceding sentence, effective September 1, 1998, or as soon as is
      administratively feasible thereafter, (a) if a Participant's beneficiary is
      the
      Participant's surviving spouse, if the Participant elected a distribution
      schedule which had commenced by the Participant's date of death, the
      Participant's Account shall continue to be paid to the surviving spouse pursuant
      to such schedule or, at the spouse's election at any time, in a lump sum, and
      (b) if distribution of the Participant's Account had not commenced as of the
      Participant's date of death, the surviving spouse shall, for purposes of the
      distribution requirements and options under the Plan, be deemed a Participant
      (subject to the provisions of Article XIV); except that the surviving spouse
      shall be deemed to attain age seventy and one-half (70-1/2) on the date the
      Participant would have attained such age.

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

    Effective
      January 1, 2003, all distributions made in the event of the death of a
      Participant shall be made in accordance with the regulations prescribed by
      the
      Secretary of the Treasury under Section 401(a)(9) Final and Temporary
      Regulations of the Code included herein, and subject to such regulations as
      the
      Administration Committee may prescribe. The distribution provisions under
      Section 401(a) (9) Final and Temporary Regulations override any inconsistent
      distribution options in the Plan included herein.

    

    Time
      and
      Manner of Distribution

    

    
      	 	
              (i)

            	
              If
                the Participant dies before distributions begin, except as provided
                in
                this subsection herein, the cash value of the Participant's Account
                will
                be distributed, or begin to be distributed, no later than as
                follows:

            

    

     

    a.    If
      the
      Participant's surviving spouse is the sole designated beneficiary, then, except
      as provided in this Section 7.3 (e), distributions to the surviving spouse
      will
      begin by December 31 of the calendar year immediately following the calendar
      year in which the Participant died, or by December 31 of the calendar year
      in
      which the Participant would have attained age 70 1⁄2, if later.

     

    b.    If
      the
      Participant's surviving spouse is not the Participant's sole designated
      beneficiary, the cash value of the Participant's account balance will be
      distributed to the designated beneficiary by December 31 of the calendar year
      containing the fifth (5) anniversary of the Participant's death. 

     

    c.    If
      there
      is no designated beneficiary as of September 30 of the year following the year
      of the Participant's death, the cash value of the Participant's account balance
      will be distributed to the Participant's estate by December 31 of the calendar
      year containing the fifth (5th)
      anniversary of the Participant's death. 

     

    d.    If
      the
      Participant's surviving spouse is the Participant's sole designated beneficiary
      and the surviving spouse dies after the Participant but before distributions
      to
      the surviving spouse begin, the cash value of the Participants account balance
      will be made to the surviving spouse's estate. 

    

    For
      purposes of this subsection (i), unless (d) applies, distributions are
      considered to begin on the Participant's Required Beginning Date.

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

    
      	 	
              (ii)

            	
              If
                the Participant dies on or after the date distributions begin and
                there is
                a designated beneficiary, the minimum amount that will be distributed
                for
                each Distribution Calendar Year after the year of the participant's
                death
                is the quotient obtained by dividing the Participant's Account balance
                by
                the longer of the remaining life expectancy of the Participant or
                the
                remaining life expectancy of the Participant's surviving spouse.
                If the
                designated beneficiary is not the surviving spouse, or if there is
                no
                designated beneficiary as of September 30 of the year after the year
                of
                the Participant's death, the entire Account balance will be distributed
                as
                described in (i) b. and c. above.

            

    

    

    
      	
            	(f)	
              Definitions:
                For purposes of this Section 7.3, the following terms shall have
                the
                following meanings:

            

    

    

    
      	 	
              (i)

            	
              Designated
                beneficiary. The individual who is designated as the beneficiary
                under
                Section XIV of the Plan and is the designated beneficiary under Section
                401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1
                of the
                Treasury Regulations.

            

    

    

    
      	 	
              (ii)

            	
              Distribution
                calendar year. A calendar year for which a minimum distribution is
                required. For distributions beginning before the Participant's death,
                the
                first distribution calendar year in the calendar year immediately
                preceding the calendar year which contains the Participant's Required
                Beginning Date. For distributions beginning after the Participant's
                death,
                the first Distribution Calendar Year is the calendar year in which
                distributions are required to begin under Section 7.3(e) of the Plan.
                The
                required minimum distribution for the Participant's first Distribution
                Calendar Year will be made on or before the Participant's Required
                Beginning Date. The required minimum distribution for other distribution
                calendar years, including the required minimum distribution for the
                Distribution Calendar Year in which the Participant's Required Beginning
                Date occurs, will be made on or before December 31 of that Distribution
                Calendar Year.

            

    

    

    
      	 	
              (iii)

            	
              Life
                expectancy. Life expectancy is computed by use of the Single Life
                Table in
                Section 1.401(a)(9)-9 of the Treasury
                Regulations.

            

    

     

    

    
      	 	
              (iv)

            	
              Participant's
                account balance. The account balance as of the last valuation date
                in the
                calendar year immediately preceding the Distribution Calendar Year
                (valuation calendar year) increased by the amount of any contributions
                made and allocated or forfeitures allocated to the account balance
                as of
                dates in the valuation calendar year after the valuation date and
                decreased by distributions made in the valuation calendar year after
                the
                valuation date. The account balance for the valuation calendar year
                includes any amount rolled over or transferred to the Plan either
                in the
                valuation calendar year or in the distribution calendar year if
                distributed or transferred in the valuation calendar
                year.

            

    

    

    
      	 	
              (v)

            	
              Required
                beginning date. April 1 of the calendar year following the later
                of: (a)
                the calendar year in which the employee attains age 70 1⁄2 or (b) the
                calendar year in which the employee retires, except as provided in
                Section
                409(d) of the Code, in the case of an employee who is a 5-percent
                owner
                (as defined in Section 416) with respect to the Plan Year ending
                in the
                calendar year in which the employee attains age 70
                1⁄2.

            

    

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

    

    
      	 	
              7.4

            	
              Conditions
                Applicable to Withdrawals and Distributions.

            

    

    

    (a)    Effective
      Date of Withdrawal.
      Except
      as is provided in Section 7.2(c) for systematic withdrawals, each withdrawal
      shall be made as of any business day (the last business day of any week if
      withdrawal includes assets from the Income Fund), upon the Participant's request
      provided in such form and in such manner and at such time as the Administration
      Committee shall specify. The assets being withdrawn shall be delivered to the
      Participant as soon as practicable after the effective date of the
      withdrawal.

    

    (b)    Assets
      Delivered and Forfeiture of Non-Vested Company Matching
      Contributions.
      Upon
      and in accordance with a Participant's request for a withdrawal permitted under
      the Plan, there shall be delivered to the Participant the assets in his or
      her
      Account. To the extent that any amounts of assets in his or her Company Matching
      Contributions Account were credited in respect of such After-Tax Contributions
      or Pre-Tax Contributions, the same not being vested shall be forfeited and
      shall
      be applied as provided in Article X hereof. 

    

    (c)    Distribution
      and Delivery.
      Each
      distribution shall be made as of the close of a business day (the last business
      day of any week if distribution includes assets from the Income Fund) and the
      assets being distributed shall be delivered to the Participant as soon as
      practicable after the effective date of the distribution.

    

    (d)    Form
      of Distribution from Ford Stock Fund.
      

    

    
      	 	
              (i)

            	
              Whole
                Shares.
                Subject to the provisions of Section 9.2 hereof, and subject to such
                regulations as the Administration Committee from time to time may
                prescribe, a Participant requesting a withdrawal or required to receive
                a
                distribution may direct the Trustee to make distribution of the cash
                value
                of assets invested in the Ford Stock Fund in the form of whole shares
                of
                Company Stock and cash for any fraction of a share, such withdrawal
                or
                distribution to be based on a price per share equal to the market
                value of
                Company Stock at the close of the New York Stock Exchange on the
                effective
                date of the withdrawal or distribution. The Participant so directing
                the
                Trustee shall pay all applicable transfer taxes incident to the withdrawal
                or distribution of such shares by the Trustee, and the amount thereof
                may
                be deducted from the payment made by the Trustee to the Participant.
                

            

    

    

    
      	 	
              (ii)
                

            	
              Fractional
                Interest.
                Any fractional interest in a share of Company Stock shall not be
                subject
                to distribution or withdrawal. Settlement for any fractional interest
                in
                such security, upon distribution or withdrawal thereof, shall be
                made in
                cash based on the current market value or any applicable current
                redemption value of such security, as of the date of distribution
                or
                withdrawal, as the case may be.

            

    

    

    (e)    Forfeiture.
      In the
      case of a distribution of assets pursuant to Subsection 3.4(e)(5) hereof that
      is
      made from a Participant's After-Tax Contribution Account or Pre-Tax Contribution
      Account, to the extent that any portion of assets in the Participant's Company
      Matching Contributions Account had been credited in respect of the Employee's
      After-Tax or Pre-Tax Contributions to which such assets are attributable, the
      same not being vested shall be forfeited and shall be applied as provided in
      Article X hereof.

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

    (f)    Redeposits.
      If a
      Participant makes a withdrawal from his or her After-Tax Contributions Account
      or Pre-Tax Contributions Account pursuant to the provisions of Section 7.1
      or
      7.2 hereof and prior to the date on which related Company Matching Contributions
      and Earnings thereon have vested as determined pursuant to the provisions of
      Section 5.1 hereof, such Participant may subsequently elect to return to the
      Plan in a lump sum in cash the value as of the effective date of withdrawal
      of
      the assets and cash delivered pursuant to Section 7.l or 7.2 hereof and thereby
      have restored to his or her Company Matching Contributions Account assets and
      cash having a value equal to the value, as of the effective date of withdrawal,
      of the assets attributable to Company Matching Contributions or Earnings thereon
      that had been forfeited. Any such return shall be made not later than the end
      of
      the five-year period beginning with the effective date of withdrawal or, if
      the
      Participant ceases to be employed by a Participating Employer, not later than
      the end of a period of five consecutive Plan Years, beginning with the Plan
      Year
      in which the termination of employment occurred, during which the Participant
      is
      not employed on the last day of each Plan Year. For purposes of determining
      whether a Participant has not been employed for five consecutive Plan Years,
      any
      year in which the Participant is absent on the last day of the year by reason
      of
      pregnancy of the Participant, birth of a child of the Participant, placement
      of
      a child with the Participant in connection with the adoption of such child
      by
      such Participant, or for purposes of child care immediately following such
      birth
      or placement shall be disregarded. Termination of employment for purposes of
      this Subsection 7.4(f) shall mean, in the case of a Participant who is laid
      off
      because of a reduction in force, the later of the date on which such layoff
      begins or the effective date of withdrawal pursuant to the provisions of Section
      7.1 or 7.2 hereof by such Participant.

    

    If
      any
      such return is made on or before December 31 of the year in which the effective
      date of withdrawal occurs, the cash value of the amount so returned or so
      restored shall be included in the Plan Year from which the withdrawal was made
      and if made after such December 31, in the Plan Year which succeeds the Plan
      Year from which withdrawal was made by one year for each December 31 that occurs
      on or after the effective date of the withdrawal and prior to the date of such
      return. 

    

    The
      amount of cash so returned and any assets acquired therewith shall be treated
      as
      After-Tax Contributions for purposes of determining the extent to which assets
      attributable to Company Matching Contributions or Earnings thereon have vested
      pursuant to Section 5.1 hereof, subsequent distributions or withdrawals pursuant
      to Section 7.1 or 7.2 hereof, reporting to Participants pursuant to Subsection
      11.8(a) hereof and voting of Company Stock pursuant to Section 9.3 hereof.
      The
      assets so restored shall be treated as attributable to Company Matching
      Contributions for all purposes of the Plan.

    

    The
      cash
      so returned shall be invested in the available investment elections as elected
      by the Participant.

    

    Upon
      such
      return, the restored assets shall vest and shall continue to vest as provided
      in
      Section 5.1.

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

    
      	 	
              (g)

            	
              Direct
                Rollovers.
                

            

    

    

    
      	 	
              (i)

            	
              This
                section applies to distributions made on or after January 1, 1993.
                Notwithstanding any provision of the Plan to the contrary that would
                otherwise limit a Participant's election under this part, a Participant
                may elect, at the time and in the manner prescribed by the Administration
                Committee, to have any portion of an eligible rollover distribution
                paid
                directly to an eligible retirement plan specified by the Participant
                in a
                direct rollover.

            

    

    

    
      	 	
              (ii)

            	
              Eligible
                rollover distribution: An eligible rollover distribution is any withdrawal
                or distribution of all or any portion of the balance to the credit
                of the
                Participant, including after-tax employee contributions, except that
                such
                after-tax portion may be transferred only to an individual retirement
                account or annuity described in Section 408(a) or (b) of the Code,
                or to a
                qualified defined contribution plan described in Section 401(a) or
                403(a)
                of the Code that agrees to separately account for amounts so transferred,
                including separately accounting for the portion of such distribution
                which
                is includible in gross income and the portion which is not so includible.
                An eligible rollover distribution does not include any distribution
                that
                is one of a series of substantially equal periodic payments (not
                less
                frequently than annually) made for the life (or life expectancy)
                of the
                distributee or the joint lives (or joint life expectancies) of the
                distributee and distributee's designated beneficiary, or for a specified
                period of ten years or more; any distribution to the extent such
                distribution is required under Section 401(a)(9) of the Code; and
                the
                portion of any distribution that is not includible in gross income
                (determined without regard to the exclusion for net unrealized
                appreciation with respect to employer securities); and any other
                distribution(s) that is reasonably expected to total less than $200
                during
                a year. Effective for calendar years beginning January 1, 1999, an
                eligible rollover distribution described in IRC Section 402(c)(4),
                which
                the participant can elect to rollover to another plan pursuant to
                IRC
                section 401(a)(31), excludes hardship withdrawals as defined in IRC
                Section (401(k)(2)(B)(i)(IV), which are attributable to the participant's
                elective contributions under Treasury Reg. Section 1.401(k)-1(d)(2)(ii).
                Effective January 1 2002, any amount that is distributed on account
                of
                hardship shall not be an eligible rollover distribution and the
                participant may not elect to have any portion of such a distribution
                paid
                directly to an eligible retirement
                plan.

            

    

    

    
      	 	
              (iii)

            	
              Eligible
                retirement plan: For distributions made on or after January 1, 2002,
                an
                eligible retirement plan shall also include an individual retirement
                account described in Section 408(a) or (b) of the Code, a qualified
                plan
                described in Section 401(a) of the Code, an annuity contract described
                in
                Section 403(b) of the Code and an eligible plan under Section 457(b)
                of
                the Code which is maintained by a state, political subdivision of
                a state,
                or any agency or instrumentality of a state or political subdivision
                of a
                state that accepts the distributee's eligible rollover distribution
                and
                which agrees to separately account for amounts transferred into such
                plan
                from this Plan. The definition of eligible retirement plan shall
                also
                apply in the case of a distribution to a surviving spouse, or to
                a spouse
                or former spouse who is an alternate payee under a qualified domestic
                relations order, as defined in Section 414(p) of the
                Code.

            

    

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

    
      	 	
              (iv)

            	
              Direct
                Rollover: A direct rollover is a payment by the Plan to the eligible
                retirement plan specified by the
                distributee.

            

    

    

    (h)   Reduction
      for Loans.
      For
      purposes of any distribution of assets in a Participant's Account pursuant
      to
      Section 7.3 hereof, the cash value of assets in the Participant's Account shall
      be reduced by the balance of any loan made to such Participant as provided
      in
      Article VI hereof and interest thereon that is unpaid at the effective date
      of
      such distribution.

    

    (i)    Assets
      Held for Benefit of Alternate Payee.
      Assets
      held for the benefit of an alternate payee pursuant to a qualified domestic
      relations order as defined by Section 414(p) of the Code and Section 206(d)
      of
      ERISA shall be distributed prior to the date on which assets would be
      distributed to a Participant if such order so requires; provided that such
      order
      requires distribution of all assets held for the benefit of such alternate
      payee.

    

    (j)    Amounts
      Payable to Incompetents or Minors.
      If the
      Administration Committee shall find that any person to whom any payment is
      payable from the Plan is unable to care for his or her affairs because of
      illness, accident, or disability, or is a minor, any payment due may be paid
      to
      the spouse, child, a parent, or a brother or sister of such person, or to a
      trust for the benefit of such person, or to a conservator approved by a court
      for the benefit of such person (when such conservator is supervised or required
      to provide periodic accountings to the court or agency of the court), or to
      any
      person deemed by the Administration Committee to have incurred expense for
      such
      person otherwise entitled to payment (unless a prior claim therefore shall
      have
      been made by a duly appointed guardian, committee or other legal
      representative). In addition, the Administration Committee may make
      distributions on behalf of minors to parties it deems appropriate under any
      Uniform Transfer to Minors Act. Any such payment shall be a complete discharge
      of the liabilities of the Plan therefore.

    

    (k)    Forfeiture
      Upon Inability to Locate or Identify Participant or
      Beneficiary.
      In the
      event that distribution to a Participant or his or her beneficiary or
      beneficiaries cannot be made because the identity or location of such
      Participant or such beneficiary or beneficiaries cannot be determined after
      reasonable efforts, and if the assets in such Participant's Account for that
      reason remain undistributed for a period of one year, the Administration
      Committee may direct that the assets in such Participant's Account and all
      further benefits with respect to such person shall be forfeited and all
      liability for the payment thereof shall terminate; provided, however, that
      in
      the event that the identity or location of the Participant or beneficiary is
      subsequently determined, the value of the assets in such Participant's Account
      at the date of forfeiture shall be paid by the Company to such person in a
      single sum. The value of the assets so forfeited shall be applied, as soon
      as
      practicable, to reimburse the Company for its expense in administering the
      Plan.
      For such purposes, the value of the assets shall be determined as of the date
      of
      the forfeiture.

    

    (l)    Termination
      of Employment.
      For
      purposes of Sections 7.1, 7.2 and 7.3 hereof, no termination of employment
      by a
      Participant shall be deemed to have occurred in any instance

    

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

       

    

    
      	 	
              (i)

            	
              where,
                not later than 30 days after the occurrence of an event which in
                the
                absence of this provision would constitute a termination of his or
                her
                employment hereunder, he or she becomes regularly employed by an
                Affiliated Employer, or

            

    

    

    
      	 	
              (ii)

            	
              where
                the Participant shall have been laid off due to a reduction in force,
                or

            

    

    

    
      	 	
              (iii)

            	
              where
                the Participant shall have been released due to the Participant's
                continued disability, or

            

    

    

    
      	 	
              (iv)

            	
              where
                the Participant shall have been granted a military leave of absence,
                and
                either (a) the Participant's employment subsequently is reinstated
                under
                then applicable personnel policies of the employer or (b) within
                the
                period so provided for reinstatement, the Participant either dies,
                becomes
                eligible for Retirement pursuant to the provisions of any Retirement
                Plan,
                or

            

    

    

    
      	 	
              (v)

            	
              where
                the Participant shall have become employed by a
                Subsidiary.

            

    

    

    7.5   "Termination
      of Employment" Defined. 

    

    (a)   General.
      Effective
      January 1, 2002, for purposes of Article VII of the Plan and any other
      provisions of the Plan relating to withdrawals and distributions, the term
      "termination of employment" is synonymous with the term "severance
      from employment"
      as used
      in Section 401(k)(2)(B)(i)(I) of the Code without regard to the provisions
      of
      Section 401(k)(10) of the Code (regardless of when the termination or severance
      of employment occurred), except: 

    

    
      	 	
              (i)

            	
              In
                the event a Participant is transferred from the Company to a Successor
                Employer, or otherwise accepts employment with a Successor Employer,
                the
                Participant's cash value of assets in his or her After-Tax Contribution
                Account and Pre-Tax Contribution Account and the cash value of assets
                in
                his or her Company Matching Contribution Account (to the extent the
                same
                shall have vested as provided in Section 5.1 hereof), shall not be
                distributable on account of the Participant's severance from Company
                employment. In addition, a severance from employment shall not be
                recognized in the event the Successor Employer maintains the Plan
                with
                respect to the Participant, for example, by assuming sponsorship
                of the
                Plan or by accepting a transfer of Plan assets and liabilities (within
                the
                meaning of Code section 414(l)) with respect to the
                Participant.

            

    

    

    
      	 	
              (ii)

            	
              In
                the event a Participant is transferred from the Successor Employer
                to a
                Subsequent Successor Employer, or otherwise accepts employment with
                a
                Subsequent Successor Employer, the Participant's cash value of assets
                in
                his or her After-Tax Contribution Account and Pre-Tax Contribution
                Account
                and the cash value of assets in his or her Company Matching Contribution
                Account (to the extent the same shall have vested as provided in
                Section
                5.1 hereof), shall be distributable from this Plan and the Participant's
                severance from employment with the Successor Employer shall be recognized
                as a severance from employment with the
                Company.

            

    

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

    (b)   Definitions.
      For
      purposes of this Section 7.6, the following terms shall have the following
      meanings:

    

    
      	 	
              (i)

            	
              Successor
                Employer shall mean an employer not aggregated with the Company under
                Code
                section 414(b), (c), (m) or (o) to whom the employment of a Participant
                is
                transferred in connection with a sale, disposition or reorganization
                of
                one of the Company's businesses.

            

    

    

    
      	 	
              (ii)

            	
              Subsequent
                Successor Employer shall mean an employer not aggregated with the
                Company
                and/or the Successor Employer under Code section 414(b), (c), (m),
                or (o)
                to whom the employment of a Participant is transferred from a Successor
                Employer.

            

    

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      VIII

    

    Investment
      Options

     

    8.1   Ford
      Stock Fund.
      The
      Trustee shall establish and administer the Ford Stock Fund in accordance with
      the following:

    

    
      	 	
              (a)

            	
              Investment
                Standard.

            

    

    

    It
      is the
      Company's intent that to the fullest extent permitted by ERISA, that the Ford
      Stock Fund be a permanent feature of the Plan and that it shall qualify as
      an
      employee stock ownership plan under Section 407(d)(6) of ERISA and Code Section
      4975(e)(7) and that the Ford Stock Fund should be, and should continue to be
      invested exclusively in Company Stock (except to the limited extent described
      in
      Section 8.1(b) below as to the liquidity component to support daily activity)
      without regard to (i) the diversification of assets, (ii) the risk profile
      of
      investments in Company Stock, (iii) the amount of income provided by Company
      Stock or (iv) the fluctuation in the fair market value of Company Stock. The
      Ford Stock Fund shall be managed pursuant to this statement of intent unless
      the
      Company or, in the event a Ford Stock Fund Manager is appointed in accordance
      with Section 11.4 hereof, the Ford Stock Fund Manager, using an abuse of
      discretion standard, determines from reliable public information that there
      is a
      serious question concerning the Company's short term viability as a going
      concern. 

     

    
      	 	
              (b)

            	
              Investments.

            

    

    

    For
      each
      Participant who elects pursuant to Section 4.1 hereof to have contributions
      invested in the Ford Stock Fund or for whom a transfer is made to the Ford
      Stock
      Fund as provided in Section 4.2 hereof, the Trustee shall invest the sums so
      to
      be invested or transferred in accordance with instructions of a person, company,
      corporation or other organization appointed by the Company. The Trustee may
      be
      appointed for such purpose.

     

    The
      Ford
      Stock Fund shall be invested exclusively in shares of Company Stock except
      a
      small portion of the Fund shall be invested in cash or cash equivalent or other
      short-term investments to provide liquidity for daily activity. It is expected
      that about one to two percent of the total assets in the Fund will be held
      in
      cash or cash equivalent or other short-term investments, but the percentage
      may
      be higher or lower, depending upon the expected liquidity requirements of the
      Fund. Investments of all or a portion of Ford Stock Fund assets may be made
      in
      any common, collective or commingled fund when, in the opinion of the Trustee,
      such investments are consistent with the objective of the Ford Stock Fund.
      

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

    
      	 	
              (c)

            	
              Ford
                Stock Fund Units.

            

    

    

    
      	 	 	 	 	
              Participants
                shall have no ownership in any particular asset of the Ford Stock
                Fund.
                The Trustee shall be the sole owner of all Ford Stock Fund assets.
                Proportionate interests in the Ford Stock Fund shall be expressed
                in Ford
                Stock Fund Units. All Ford Stock Fund Units shall be of equal value
                and no
                Ford Stock Fund Unit shall have priority or preference over any other.
                Ford Stock Fund Units shall be credited by the Trustee to Accounts
                of
                Participants as of each valuation
                date.

            

    

    

    
      	 	
              (d)

            	
              Ford
                Stock Fund Unit Prices.

            

    

    

    The
      term
      "Ford Stock Fund Unit Price," as used herein, shall mean the value in money
      of
      an individual Ford Stock Fund Unit expressed to the nearest cent. The Ford
      Stock
      Fund Unit Price as of July 28, 2000 was $10.00, as determined by the Trustee
      in
      connection with the reconstitution of the Ford Stock Fund as a result of the
      Company's Value Enhancement Plan approved August 2, 2000. The number of Ford
      Stock Fund Units as of July 28, 2000 was determined by dividing the market
      value
      of shares of Company Stock and cash received by the Trustee for investment
      in
      the Ford Stock Fund by such Ford Stock Fund Unit Price. Thereafter, the Ford
      Stock Fund Unit Price shall be redetermined as of the close of the New York
      Stock Exchange on each business day that is a trading day of the New York Stock
      Exchange. The Ford Stock Fund Unit Price for each such business day shall be
      determined by dividing the net asset value of the Ford Stock Fund on such
      business day by the number of Ford Stock Fund Units outstanding on such business
      day. Ford Stock Fund Unit Prices shall be determined before giving effect to
      any
      distribution or withdrawal and before crediting contributions to Participants'
      Accounts effective as of any such business day. Net asset value of the Ford
      Stock Fund shall be computed as follows:

    

    
      	 	
              (i)

            	
              Company
                Stock shall be valued at the closing price on the New York Stock
                Exchange
                on such business day, or, if no sales were made on that date, at
                the
                closing price on the next preceding day on which sales were
                made.

            

    

    

    
      	 	
              (ii)

            	
              All
                other assets of the Ford Stock Fund, including any interest in a
                common,
                collective or commingled fund, shall be valued at the fair market
                value as
                of the close of business on the valuation date. Fair market value
                shall be
                determined by the Trustee in the reasonable exercise of its discretion,
                taking into account values supplied by a generally accepted pricing
                or
                quotation service or quotations furnished by one or more reputable
                sources, such as securities dealers, brokers, or investment bankers,
                values of comparable property, appraisals or other relevant information
                and, in the case of a common, collective or commingled fund, fair
                market
                value shall be the unit value of such fund for a date the same as
                the
                valuation date, or as close thereto as
                practicable.

            

    

     

    
      
        
        

      

      
        47

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (iii)

            	
              Ford
                Stock Fund Units credited to Participants' Accounts with respect
                to
                Participants’ Contributions made during any month shall be credited at the
                Ford Stock Fund Unit Price determined as of the close of business
                on the
                day that such contributions are received by the Trustee or as soon
                thereafter as is practicable. Ford Stock Fund Units withdrawn or
                distributed shall be valued at the Ford Stock Fund Unit Price at
                the close
                of business on the day coinciding with the effective date of such
                withdrawal or distribution.

            

    

    

    
      	 	
              (iv)

            	
              Except
                as is otherwise provided in directions from the Company, or dictated
                by
                the Trustee's trust accounting conventions, investment transactions,
                income and any expenses chargeable to the Ford Stock Fund will be
                accounted for on an accrual basis. 

            

    

    

    
      	 	
              (e)

            	
              Distribution
                and Withdrawal From Ford Stock Fund.

            

    

    

    The
      cash
      value of assets in the Ford Stock Fund shall be distributed to Participants
      or
      may be withdrawn by Participants only in accordance with Sections 7.1, 7.2
      and
      7.3 hereof. All distributions and withdrawals shall be in cash, except that
      a
      Participant making a withdrawal or receiving a distribution may direct the
      Trustee to make such withdrawal or distribution in the form of whole shares
      of
      Company stock, based on the closing price on the New York Stock Exchange on
      the
      effective date of such withdrawal or distribution.

    

    
      	 	
              (f)

            	
              Registered
                Name.

            

    

    

    Securities
      held in the Ford Stock Fund may be registered in the name of the Trustee or
      its
      nominee.

    

    
      	 	
              (g)

            	
              No
                Commission.

            

    

    

    No
      commission shall be charged to the Plan or any trust under the Plan in
      connection with any acquisition by the Plan of Company Stock from the Company,
      whether by cash purchase, exchange, conversion or otherwise.

    

    8.2   Nondisclosure
      Requirements.
      The
      Trustee shall agree that all information concerning a Participant's investment
      in the Ford Stock Fund exchanges in or out of the funds, or the voting of shares
      of stock represented by a Participant's proportionate interest in the funds
      shall not be disclosed to any party except to the extent necessary to administer
      the Plan. The Administration Committee shall be responsible for ensuring that
      the provisions of this subparagraph are complied with and shall have the
      authority to determine, in good faith, when and what extent disclosure shall
      be
      necessary in administering the Plan.

    
      
        
        

      

      
        48

        
          

        

      

      
        
        

      

    

    8.3   Common
      Stock Index Fund.
      The
      Trustee shall establish and administer the Common Stock Index Fund in accordance
      with the following:

    

    
      	 	
              (a)

            	
              Investments.
                For each Participant who elects pursuant to Section 4.1 hereof to
                have
                Contributions invested in the Common Stock Index Fund or for whom
                a
                transfer is made to the Common Stock Index Fund as provided in Section
                4.2
                hereof, the Trustee shall invest the sums so to be invested or transferred
                in accordance with instructions of a person, company, corporation
                or other
                organization appointed by the Company. The Trustee may be appointed
                for
                such purpose.

            

    

    

    Investments
      shall be made with the objective of providing investment results that closely
      correspond to the price and yield performance of the publicly traded Company
      Stocks (i) of the 500 corporations included in Standard and Poor's 500 Index
      and
      (ii) of the corporations having capitalizations of at least $100 million as
      publicly reported from time to time and not included in the Standard and Poor's
      500 Index. Assets shall be invested in the Company Stock of each of such
      corporations in the same percentage weighting as the capitalization of such
      corporation is as a percentage of the total of the capitalizations of all of
      such corporations.

    

    Investments
      of all or a portion of Common Stock Index Fund assets may be made in any common,
      collective or commingled fund when, in the opinion of the Trustee, such
      investments are consistent with the objective of the Common Stock Index Fund.
      A
      portion of the funds of the Common Stock Index Fund may be held in cash or
      invested in short-term obligations when deemed advisable by the Trustee.
      Securities may be sold without regard to the length of time they have been
      held.
      A different market index of publicly traded Company Stocks may be selected
      by
      the Company for investments of Common Stock Index Fund assets in the event
      Standard and Poor's Corporation discontinues its 500 Index or for other reasons.
      

    

    
      	 	
              (b)

            	
              Common
                Stock Index Fund Units.
                Participants shall have no ownership in any particular asset of the
                Common
                Stock Index Fund. The Trustee shall be the sole owner of all Common
                Stock
                Index Fund assets. Proportionate interests in the Common Stock Index
                Fund
                shall be expressed in Common Stock Index Fund Units. All Common Stock
                Index Fund Units shall be of equal value and no Common Stock Index
                Fund
                Unit shall have priority or preference over any other. Common Stock
                Index
                Fund Units shall be credited by the Trustee to accounts of Participants
                as
                of each valuation date.

            

    

    

    
      	 	
              (c)

            	
              Common
                Stock Index Fund Unit Prices.
                The term "Common Stock Index Fund Unit Price," as used herein, shall
                mean
                the value in money of an individual Common Stock Index Fund Unit
                expressed
                to the nearest cent. The Common Stock Index Fund Unit Price as of
                March
                31, 1986 was $10. Thereafter, the Common Stock Index Fund Unit Price
                has
                been and shall be redetermined each business day that is a trading
                day on
                the New York Stock Exchange. The Common Stock Index Fund Unit Price
                for
                each such business day shall be determined by dividing the net asset
                value
                of the Common Stock Index Fund on such business day by the number
                of
                Common Stock Index Fund Units outstanding on such business day. Common
                Stock Index Fund Unit Prices shall be determined before giving effect
                to
                any distribution or withdrawal and before crediting contributions
                to
                Participants' Accounts effective as of any such business day. Net
                asset
                value of the Common Stock Index Fund shall be computed as
                follows:

            

    

    

    
      
        
        

      

      
        49

        
          

        

      

      
        
        

      

       

    

    
      	 	
              (i)

            	
              Securities
                listed on a national stock exchange shall be valued at the closing
                price
                on the valuation date, or, if no sales were made on that date, at
                the
                closing price on the next preceding day on which sales were made,
                in
                either case as reported on the primary
                exchange.

            

    

    

    
      	 	
              (ii)

            	
              Securities
                traded only in over-the-counter markets shall be valued at the mean
                of the
                closing bid and asked prices as listed in a publication or publications
                selected by the Trustee for the valuation date, or the next preceding
                day
                for which such prices are available, if not available for the valuation
                date.

            

    

    

    
      	 	
              (iii)

            	
              All
                other assets of the Common Stock Index Fund, including any interest
                in a
                common, collective or commingled fund, shall be valued at the fair
                market
                value as of the close of business on the valuation date. Fair market
                value
                shall be determined by the Trustee in the reasonable exercise of
                its
                discretion, taking into account values supplied by a generally accepted
                pricing or quotation service or quotations furnished by one or more
                reputable sources, such as securities dealers, brokers, or investment
                bankers, values of comparable property, appraisals or other relevant
                information and, in the case of a common, collective or commingled
                fund,
                fair market value shall be the unit value of such fund for a date
                the same
                as the valuation date, or as close thereto as
                practicable.

            

    

    

    
      	 	
              (iv)

            	
              Common
                Stock Index Fund Units credited to Participants' Accounts with respect
                to
                After-Tax Contributions or Pre-Tax Contributions made during any
                month
                shall be credited at the Common Stock Index Fund Unit Price determined
                as
                of the close of business on the day that contributions are received
                by the
                Trustee or as soon thereafter as is practicable. Common Stock Index
                Fund
                Units withdrawn or distributed shall be valued at the Common Stock
                Index
                Fund Unit Price at the close of business on the effective date of
                such
                withdrawal or distribution.

            

    

    
      
        
        

      

      
        50

        
          

        

      

      
        
        

      

    

    
      	 	
              (v)

            	
              Investment
                transactions, income and any expenses chargeable to the Common Stock
                Index
                Fund will be accounted for on an accrual
                basis.

            

    

    

    
      	 	
              (d)

            	
              Distribution
                and Withdrawal From Common Stock Index Fund.
                The cash value of assets in the Common Stock Index Fund shall be
                distributed to Participants or may be withdrawn by Participants only
                in
                accordance with Sections 7.1, 7.2 and 7.3 hereof. All distributions
                and
                withdrawals shall be only in cash.

            

    

    

    
      	 	
              (e)

            	
              Voting
                Stock.
                The Trustee shall be entitled, itself or by proxy, to vote in its
                discretion all shares of voting stock in the Common Stock Index
                Fund.

            

    

    

    
      	 	
              (f)

            	
              Registered
                Name.
                Securities held in the Common Stock Index Fund may be registered
                in the
                name of the Trustee or its nominee.

            

    

    

    8.4   Bond
      Index Fund.
      The
      Trustee shall establish and administer the Bond Index Fund in accordance with
      the following:

    

    (a)   Investments.
      For each
      Participant who elects pursuant to Section 4.1 hereof to have Contributions
      invested in the Bond Index Fund or for whom a transfer is made to the Bond
      Index
      Fund as provided in Section 4.2 hereof, the Trustee shall invest the sums so
      to
      be invested or transferred in accordance with instructions of a person, company,
      corporation or other organization appointed by the Company. The Trustee may
      be
      appointed for such purpose.

    

    Investments
      shall be made with the objective of providing investment results that closely
      correspond to the price and yield performance of the Lehman Brothers Aggregate
      Bond Index (the "Lehman Aggregate Index"). Assets shall be invested in a
      portfolio of Treasury notes and bonds, corporate notes and bonds and
      mortgage-backed securities and other securities that, in the aggregate, typify
      the securities that are included in the Lehman Aggregate Index.

    

    Investments
      of all or a portion of Bond Index Fund assets may be made in any common,
      collective or commingled fund maintained by the Trustee or the person, company,
      corporation or other organization appointed by the Company to manage all or
      a
      portion of the Bond Index Fund when, in the opinion of the Trustee or the
      person, company, corporation or other organization appointed by the Company
      to
      manage all or a portion of the Bond Index Fund, such investments are consistent
      with the objective of the Bond Index Fund. To the extent that assets are so
      invested, they shall be subject to the terms and conditions of the Declaration
      of Trust of such common, collective or commingled fund, as amended from time
      to
      time. A portion of the funds of the Bond Index Fund may be held in cash or
      invested in short-term obligations when deemed advisable by the Trustee.
      Securities may be sold without regard to the length of time they have been
      held.
      A different market index of publicly traded fixed income securities may be
      selected by the Company for investments of Bond Index Fund assets in the event
      the Lehman Aggregate Index is discontinued or for other reasons.

    

    
      
        
        

      

      
        51

        
          

        

      

      
        
        

      

       

    

    
      	 	
              (b)

            	
              Bond
                Index Fund Units.
                Participants shall have no ownership in any particular asset of the
                Bond
                Index Fund. The Trustee shall be the sole owner of all Bond Index
                Fund
                assets. Proportionate interests in the Bond Index Fund shall be expressed
                in Bond Index Fund Units. All Bond Index Fund Units shall be of equal
                value and no Bond Index Fund Unit shall have priority or preference
                over
                any other. Bond Index Fund Units shall be credited by the Trustee
                to
                Accounts of Participants as of each valuation
                date.

            

    

    

    
      	 	
              (c)

            	
              Bond
                Index Fund Unit Prices.
                The term "Bond Index Fund Unit Price," as used herein, shall mean
                the
                value in money of an individual Bond Index Fund Unit expressed to
                the
                nearest cent. The Bond Index Fund Unit Price as of January 1, 1993
                was
                $10. Thereafter, the Bond Index Fund Unit Price has been and shall
                be
                redetermined each business day that is a trading day on the New York
                Stock
                Exchange. The Bond Index Fund Unit Price for each such business day
                shall
                be determined by dividing the net asset value of the Bond Index Fund
                on
                such business day by the number of Bond Index Fund Units outstanding
                on
                such business day. Bond Index Fund Unit Prices shall be determined
                before
                giving effect to any distribution or withdrawal and before crediting
                contributions to Participants' accounts effective as of any such
                business
                day. Net asset value of the Bond Index Fund shall be computed as
                follows:

            

    

    

    
      	 	
              (i)

            	
              All
                assets of the Bond Index Fund, including any interest in a common,
                collective or commingled fund, shall be valued at the fair market
                value as
                of the close of business on the valuation date. Fair market value
                shall be
                determined by the Trustee in the reasonable exercise of its discretion,
                taking into account values supplied by a generally accepted pricing
                or
                quotation service or quotations furnished by one or more reputable
                sources, such as securities dealers, brokers, or investment bankers,
                values of comparable property, appraisals or other relevant information
                and, in the case of a common, collective or commingled fund, fair
                market
                value shall be the unit value of such fund for a date the same as
                the
                valuation date, or as close thereto as
                practicable.

            

    

    

    
      	 	
              (ii)

            	
              Bond
                Index Fund Units credited to Participants' Accounts with respect
                to
                After-Tax Contributions or Pre-Tax Contributions made during any
                month
                shall be credited at the Bond Index Fund Unit Price determined as
                of the
                close of business on the day that such contributions are received
                by the
                Trustee or as soon thereafter as is practicable. Bond Index Fund
                Units
                withdrawn or distributed shall be valued at the Bond Index Fund Unit
                Price
                at the close of business on the effective date of such withdrawal
                or
                distribution.

            

    

    

    
      	 	
              (iii)

            	
              Investment
                transactions, income and any expenses chargeable to the Bond Index
                Fund
                will be accounted for on an accrual
                basis.

            

    

    

    
      	 	
              (d)

            	
              Distribution
                and Withdrawal From Bond Index Fund.
                The cash value of assets in the Bond Index Fund shall be distributed
                to
                Participants or may be withdrawn by Participants only in accordance
                with
                Sections 7.1, 7.2 and 7.3 hereof. All distributions and withdrawals
                shall
                be only in cash.

            

    

    
      
        
        

      

      
        52

        
          

        

      

      
        
        

      

    

    
      	 	
              (e)

            	
              Registered
                Name.
                Securities held in the Bond Index Fund may be registered in the name
                of
                the Trustee or its nominee.

            

    

     

    
      	 	
              8.5

            	
              Interest
                Income Fund.

            

    

    

    The
      Trustee shall establish and manage the Interest Income Fund in accordance with
      the following:

    

    
      	 	
              (a)

            	
              Investments.

            

    

    

    For
      each
      Participant who elects pursuant to Section 4.1 hereof to have Contributions
      invested in the Interest Income Fund or for whom a transfer is made as provided
      in Section 4.2 hereof, the Trustee shall invest the sums so to be invested
      or
      transferred in accordance with instructions of one or more persons, companies,
      corporations or other organizations appointed by the Company. The Trustee may
      be
      appointed for such purpose.

    

    Investments
      shall be made with the objective of providing a broadly diversified, stable
      value investment in which the value of the Participant's investment does not
      fluctuate except for the addition of interest credited to the Participant's
      Account. The interest rate payable on assets in the Interest Income Fund will
      be
      declared annually in advance and may be changed each calendar year.

    

    The
      Trustee shall invest the contributions, and Earnings thereon, received for
      the
      Accounts of Participants who elect to invest in the Interest Income Fund
      according to the advice of the Interest Income Fund Managers. Assets in such
      Fund shall be invested in a well-diversified portfolio of fixed income
      securities, including investment contracts with insurance companies and other
      organizations, individual fixed income securities, and units in fixed income
      collective funds. Securities may be sold without regard to the length of time
      they have been held. Investments shall be subject to such additional
      restrictions as from time to time shall be provided in the agreement designating
      or appointing the Interest Income Fund Managers. To the extent that the actual
      return on assets in the Fund is more or less than the declared rate of interest
      for the current year, the rate of interest declared and paid for succeeding
      years will be adjusted upward or downward.

    

    Investments
      of all or a portion of Interest Income Fund assets may be made in any common,
      collective or commingled fund maintained by the Trustee or any person, company,
      corporation or other organization appointed by the Company to manage all or
      a
      portion of the Interest Income Fund when, in the opinion of the Trustee or
      the
      person, company, corporation or other organization appointed by the Company
      to
      manage all or a portion of the Interest Income Fund, such investments are
      consistent with the objective of the Interest Income Fund. To the extent that
      assets are so invested, they shall be subject to the terms and conditions of
      the
      Declaration of Trust of such common, collective or commingled fund, as amended
      from time to time. A portion of the funds of the Interest Income Fund may be
      held in cash or invested in short-term obligations when deemed advisable by
      the
      Trustee or the person, company, corporation or other organization appointed
      by
      the Company to manage all or a portion of the Interest Income Fund.

     

    
      
        
        

      

      
        53

        
          

        

      

      
        
        

      

    

    
      	 	
              (b)

            	
              Crediting
                of Interest.

            

    

    

    The
      Trustee periodically shall credit to the appropriate Interest Income Fund
      Accounts of Participants interest at the rate declared prior to the commencement
      of each calendar year.

    

    
      	 	
              (c)

            	
              Reduction
                in Fund Value.

            

    

    

    In
      the
      event that the total value of the Interest Income Fund is reduced for any reason
      (other than by reason of distributions to or withdrawals or transfers by
      Participants pursuant to the Plan), the Trustee shall reduce the total amount
      credited to the Account of each Participant with respect to the Interest Income
      Fund by a proportionate amount. 

    

    
      	 	
              (d)

            	
              Distribution
                From Fund and Withdrawals from Interest Income
                Fund.

            

    

    

    Cash
      credited to Participants' Accounts with respect to the Interest Income Fund
      shall be distributed to Participants or may be withdrawn by Participants only
      in
      accordance with Sections 7.1, 7.2 and 7.3 hereof. All distributions and
      withdrawals shall be only in cash.

    

    
      	 	
              (e)

            	
              Interest
                Income Fund Value.

            

    

    

    The
      term
      "Value" as used herein shall mean the value in money of the net assets in the
      Interest Income Fund. The Interest Income Fund Value shall be determined each
      business day that is a trading day on the New York Stock Exchange. Interest
      Income Fund Values shall be determined before giving effect to any distribution
      or withdrawal and before crediting contributions or transfers to Participants'
      Accounts effective as of any such business day. The Value of the Interest Income
      Fund shall be computed as follows:

    

    
      	 	
              (i)

            	
              All
                assets of the Interest Income Fund shall be valued at the fair market
                value as of the close of business on the valuation date. Fair market
                value
                shall be determined by the Trustee in the reasonable exercise of
                its
                discretion, taking into account values supplied by a generally accepted
                pricing or quotation service or quotations furnished by one or more
                reputable sources, such as securities dealers, brokers, or investment
                bankers, values of comparable property, appraisals or other relevant
                information.

            

    

    
      
        
        

      

      
        54

        
          

        

      

      
        
        

      

    

    
      	 	
              (ii)

            	
              Investment
                transactions, income and any expenses chargeable to the Interest
                Income
                Fund will be accounted for on an accrual
                basis.

            

    

    

    
      	 	
              (f)

            	
              Registered
                Name.

            

    

    

    Securities
      held in the Interest Income Fund may be registered in the name of the Trustee
      or
      its nominee.

     

    8.6   Mutual
      Funds.
      Each
      of
      the Mutual Funds offered as an investment election under the Plan shall be
      described in a prospectus for each such Mutual Fund and each such prospectus
      shall be provided to each Participant of the Plan who requests such
      prospectus.

    

    8.7   Investment
      of Dividends, Interest, Etc.
      Except
      in the case of dividends on Company Stock held in the Ford Stock Fund or in
      the
      ESOP (within the meaning of Article XV), cash dividends, interest, and cash
      proceeds of any other distribution in respect of any investment funds available
      under this Plan shall be invested in the respective Funds giving rise to same.
      All or a portion of cash dividends paid on Company stock held in the Ford Stock
      Fund that have not been in the Plan continuously since January 1, 1989 shall
      be
      distributed in accordance with the provisions of Subsection 7.3(d) to
      Participants who have elected to invest in the Ford Stock Fund, unless pursuant
      to Section 7.3(d) such Participants elect not to receive such dividends. Cash
      dividends on Company Stock in the Ford Stock Fund that are not distributed
      to
      Participants shall first be delivered to the Trustee of the ESOP (within the
      meaning of Article XV) to the extent required to pay any installment due on
      any
      outstanding ESOP loan with the remainder to be invested on behalf of the
      Participants entitled thereto in the Ford Stock Fund through the purchase of
      additional Ford Stock Fund Units. Dividends paid on Company Stock held by the
      Trustee of the ESOP shall be applied as provided in Article XV.

     

    
      
        
        

      

      
        55

        
          

        

      

      
        
        

      

    

    ARTICLE
      IX

    

    Trustee

    

    9.1    Appointment
      of Trustee.
      The
      Company, by action of its Group Vice President, Corporate Human Resources and
      Labor Affairs, Executive Vice President and Chief Financial Officer, and Senior
      Vice President - General Counsel shall appoint one or more individuals or
      corporations to act as Trustee under the Plan, and at any time may remove the
      Trustee and appoint a successor Trustee. The Company may, without reference
      to
      or action by any Employee, Participant or beneficiary or any other Participating
      Employer, enter into such Trust Agreement with the Trustee and from time to
      time
      enter into such further agreements with the Trustee or other parties, make
      such
      amendments to such Trust Agreement or further agreements and take such other
      steps and execute such other instruments as the Company in its sole discretion
      may deem necessary or desirable to carry the Plan into effect or to facilitate
      its administration.

    

    Any
      Trust
      Agreement extended into with the Trustee may provide for a master trust
      arrangement whereby the assets of the Plan and the assets of other plans
      sponsored or maintained by the Company or another employer that is treated
      as a
      single employer that includes the Company (under the provisions of Sections
      414(b), (c), or (m) of the Code) may be commingled for investment purposes;
      provided that all such plans are qualified under the provisions of Section
      401(a) of the Code.

    

    The
      Trustee and the Company may by mutual agreement in writing arrange for the
      delegation by the Trustee to the Administration Committee of any of the
      functions of the Trustee, except the custody of assets, the voting of Company
      Stock held by the Trustee and the purchase and sale or redemption of
      securities.

    

    9.2    Purchases
      of Securities by the Trustee.
      After-Tax Contributions, Pre-Tax Contributions, rollover contributions and
      Company Matching Contributions and Earnings thereon in the Accounts of
      Participants shall be invested by the Trustee as soon as practicable after
      receipt thereof by the Trustee.

    

    The
      shares of Company Stock from time to time required for purposes of the Plan
      shall be purchased by the Trustee from the Company, or from such other person
      or
      corporation, on such stock exchange or in such other manner, as the Company
      by
      action of its Board of Directors or any committee or person designated by the
      Board of Directors, from time to time in its sole discretion may designate
      or
      prescribe, provided, however, that except as required by any such designation
      by
      the Board of Directors, such shares shall be purchased by the Trustee from
      such
      source and in such manner as the Trustee from time to time in its sole
      discretion may determine. Any shares so purchased from the Company may be either
      treasury stock or newly-issued stock, and shall be purchased at a price per
      share equal to the closing price on the New York Stock Exchange on the date
      of
      purchase.

    
      
        
        

      

      
        56

        
          

        

      

      
        
        

      

    

    Anything
      herein to the contrary notwithstanding, the Trustee shall not invest any of
      the
      funds in the Ford Stock Fund in any shares of Company Stock, unless at the
      time
      of purchase thereof by the Trustee such shares shall be listed on the New York
      Stock Exchange.

    

    The
      shares of Company Stock held by the Trustee under the Plan shall be registered
      in the name of the Trustee or its nominee, but shall not be voted by the Trustee
      or such nominee except as provided in Section 9.3 hereof.

    

    In
      the
      event that any option, right or warrant shall be received by the Trustee on
      Company Stock, the Trustee shall sell the same, at public or private sale and
      at
      such price and upon such other terms as it may determine, unless the
      Administration Committee shall determine that such option, right or warrant
      should be exercised, in which case the Trustee shall exercise the same upon
      such
      terms and conditions as the Committee may prescribe.

    

    9.3    Voting
      of Company Stock.
      The
      Trustee, itself or by its nominee, shall be entitled to vote, and shall vote,
      shares of Company Stock represented by the proportionate interests in the
      Accounts of Participants in the Ford Stock Fund or otherwise held by the Trustee
      under the Plan as follows:

    

    (a)    The
      Company shall adopt reasonable measures to notify the Participant of the date
      and purposes of each meeting of stockholders of the Company at which holders
      of
      shares of Company Stock shall be entitled to vote, and to request instructions
      from the Participant to the Trustee as to the voting at such meeting of full
      shares of stock and fractions thereof represented by the proportionate interests
      of the Participant in the Ford Stock Fund.

    

    (b)    In
      each
      case, the Trustee, itself or by proxy, shall vote full shares of stock and
      fractions thereof represented by the proportionate interests of the Participant
      in the Ford Stock Fund in accordance with the instructions of the
      Participant.

    

    (c)    If
      prior
      to the time of such meeting of stockholders the Trustee shall not have received
      instructions from the Participant in respect of any shares of Company Stock
      represented by the proportionate interests of the Participant in the Ford Stock
      Fund, the Trustee shall vote thereat such shares proportionately in the same
      manner as the Trustee votes thereat the aggregate of all shares of Company
      Stock
      with respect to which the Trustee has received instructions from
      Participants.

     

    
      
        
        

      

      
        57

        
          

        

      

      
        
        

      

    

    ARTICLE
      X

    

    Application
      of Forfeited Company Matching Contributions

    

    Any
      of
      the assets attributable to Company Matching Contributions or Earnings thereon
      which shall be forfeited in a Participant's Company Matching Contributions
      Account pursuant to the provisions of Sections 5.2, 7.1 or 7.2 hereof, shall
      be
      applied, as soon as practicable, first, to the payment of certain expenses
      of
      the Plan incurred on or after July 1, 1981, as provided in Section 11.6 hereof,
      and thereafter, to the extent available, to reduce the amount of any Company
      Matching Contributions under the Plan or, if the Plan shall be terminated,
      the
      cash value of any of such assets not so applied from time to time shall be
      credited ratably to the respective Company Matching Contributions Accounts
      of
      the Participants in the Plan as of the day immediately following the date of
      forfeiture. Notwithstanding the provisions of Section 5.2 hereof, any of the
      assets so credited to a Participant's Company Matching Contributions Account,
      and any increment thereof, shall, at the time of distribution or withdrawal
      thereof, be deemed to have vested in such account. The cash value of assets
      applied to reduce the amount of the Company Matching Contribution for any month,
      or applied to the payment of certain expenses of the Plan, pursuant to the
      provisions of this Article X, shall be valued as of the close of business on
      the
      relevant date.

     

    
      
        
        

      

      
        58

        
          

        

      

      
        
        

      

    

    ARTICLE
      XI

    

    Operation
      and Administration

    

    11.1        
      Named
      Fiduciary.
      Pursuant to ERISA the Company shall be the sole named fiduciary with respect
      to
      the Plan and shall have authority to control and manage the operation and
      administration of the Plan.

    

    11.2        
      Power
      of Company Officers and Designees.
      

    

    
      	 	
              (a)

            	
              Appointment
                and Renewal of Trustees and Investment Managers, Plan Amendments,
                and
                Suspension of Plan.
                Effective May 11, 2005, the Group Vice President - Corporate Human
                Resources and Labor Affairs, the Executive Vice President and Chief
                Financial Officer and the Senior Vice President - General Counsel
                shall
                have the authority, on behalf of the Company, to appoint and remove
                trustees and investment managers under the Plan (except as otherwise
                provided in Section 11.4 as to the Ford Stock Fund), to approve policies
                relating to the allocation of contributions and the distribution
                of assets
                among Trustees and investment managers, to approve Plan amendments
                and to
                modify the Plan or suspend the operation of any provisions of the
                Plan;
                provided, however, that only the Board of Directors shall have authority
                to amend provisions relating to the extent of Company Matching
                Contributions and the offering of Company Stock as an investment
                election.
                Notwithstanding the above, effective November 7, 2001, any of the
                Chief
                Operating Officer, the Chief of Staff or the Vice Chairman shall
                individually have the authority to determine the amount of the Company
                Matching Contributions under Section 3.1(d), not to exceed the maximum
                expressed in the first sentence of Section 3.1(d) (such authority
                to
                determine the extent of the Company Matching Contributions being
                retained
                by the Board of Directors), and shall have the authority to suspend
                or
                restore such Company Matching Contributions, wholly or partly, effective
                at such time and in such amount as such officer determines in such
                officer's sole discretion.

            

    

    

    
      	 	
              (b)

            	
              Trust
                Agreements, Investment Advisor Agreements, Etc.
                The Vice President - Treasurer shall be authorized on behalf of the
                Company to contract and enter into ancillary agreements with the
                Trustees
                and investment managers under the Plan (except as otherwise provided
                in
                Section 11.4 as to the Ford Stock Fund) and to determine the form
                and
                terms of the Trust Agreements, investment manager agreements, and
                agreements ancillary thereto, to allocate contributions and distribute
                assets among Trustees and investment managers, and shall have authority
                to
                designate other persons to carry out specific responsibilities in
                connection therewith; provided, however, that such actions shall
                be
                consistent with ERISA, the policy of the Board of Directors and the
                Plan.
                The Vice President - Treasurer and the Senior Vice President - General
                Counsel shall each be authorized on behalf of the Company (a) to
                give
                directions to Trustees and investment managers required or permitted
                under
                Trust Agreements, investment manager agreements (except as otherwise
                provided in Section 11.4 as to the Ford Stock Fund), and agreements
                ancillary thereto, and (b) to designate in writing persons to act
                on
                behalf of the Company under and in connection with the Trust Agreements,
                investment manager agreements, and agreements ancillary thereto,
                and to
                certify to the Trustees and investment managers that such persons,
                which
                may include the Vice President - Treasurer and the Senior Vice President
                -
                General Counsel, are authorized to act on behalf of the Company under
                or
                in connection with the Trust Agreements, investment manager agreements,
                and agreements ancillary thereto. The instrument pursuant to which
                an
                individual is certified or authorized to act on behalf of the Company
                shall constitute a written designation for purposes of the immediately
                preceding sentence.

            

    

    

    
      
        
        

      

      
        59

        
          

        

      

      
        
        

      

       

    

    
      	 	
              (c)

            	
              Appointment
                and Removal of Service Providers Used in Connection with the
                Administration of the Plan and Determinations of Prior Service in
                Connection with Certain Corporate Transactions.
                Except as otherwise provided in this Article XI or elsewhere in the
                Plan,
                the Group Vice President - Corporate Human Resources and Labor Affairs
                and
                the Executive Vice President and Chief Financial Officer are designated
                to
                carry out the Company's responsibilities with respect to the Plan,
                including, without limitation, appointment and removal of service
                providers used in connection with the administration of the Plan
                and
                determination of prior service for eligibility purposes under the
                Plan in
                the event of acquisition by a Participating Employer or Affiliated
                Employer (by purchase, merger, or otherwise) of all or part of the
                assets
                of another business organization and in the event of the employment
                by a
                Participating Employer or Affiliated Employer of all or a substantial
                number of individuals employed in the operations of an employer that
                is
                not a Participating Employer or Affiliated Employer; provided that
                such
                prior service may also be provided for in instruments created by
                duly
                authorized officers or agents of the Company in connection with the
                transactions whereby assets are acquired or individuals become employees
                of a Participating Employer or Affiliated Employer.
                

            

    

    

    
      	 	
              (d)

            	
              Company
                Action and Title Capacities.
                Any Company director, officer or employee who shall have been expressly
                designated pursuant to the Plan to carry out specific Company
                responsibilities shall be acting on behalf of the Company. Any person
                or
                group of persons may serve in more than one capacity with respect
                to the
                Plan and may employ one or more persons to render advice with regard
                to
                any responsibilities such person has under the Plan. In the event
                of a
                change in the designated officer's title, the officer or officers
                with
                functional responsibility for the Plan shall have the authority to
                the
                extent described in this Article. 

            

    

    

    The
      officers with responsibility for the Plan may allocate responsibilities between
      themselves and shall have authority to designate other persons to carry out
      specific responsibilities on behalf of the Company in connection therewith;
      provided, however, that such actions shall be consistent with ERISA, the policy
      of the Board of Directors and the Plan.
      

    

    
      	 	
              11.3

            	
              Administration
                Committee.

            

    

    

    
      	 	
              (a)

            	
              Appointment
                of Administration Committee.
                The Company, by action of its Group Vice
                President - Corporate Human
                Resources and Labor Affairs and its Executive Vice President
                and Chief Financial Officer, shall create a Savings and Stock Investment
                Plan Administration Committee consisting of at least three members.
                The
                Company, by action of its Group Vice President - Corporate Human
                Resources
                and Labor Affairs and Executive Vice President and Chief Financial
                Officer, shall from time to time designate the members of the
                Administration Committee and an alternate for each of such members,
                who
                shall have full power to act in the absence or inability to act of
                such
                member. The Administration Committee shall appoint its own Chairman
                and
                Secretary, and shall act by a majority of its members, with or without
                a
                meeting. At the Trustee's request, the Secretary or an Assistant
                Secretary
                of the Company shall from time to time notify the Trustee of the
                appointment of members of the Administration Committee and alternates
                and
                of the appointment of the Chairman and Secretary of the Administration
                Committee, upon which notices the Trustee shall be entitled to rely.
                

            

    

    
      
        
        

      

      
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              (b)

            	
              Powers
                of Administration Committee.
                The Administration Committee shall have full power and authority
                to
                administer the Plan, interpret its provisions, and make factual
                determinations concerning claims for benefits or the review of breach
                of
                fiduciary duty claims against the Plan fiduciaries and other matters
                relating to the administration of the Plan. Any interpretation of
                the
                provisions of the Plan or findings of fact by the Administration
                Committee
                shall be final and conclusive, and shall bind and may be relied upon
                by
                the several Participating Companies, each of their employees, the
                Trustee
                and all Participants and other parties in interest. In addition,
                the
                Administration Committee shall have the full power and discretionary
                authority to supply rules for matters not covered by the Plan and
                to
                supply missing terms, provided that all such actions shall be in
                writing
                and shall be consistent with existing Plan provisions.
                

            

    

    

    
      	 	
              (c)

            	
              Benefit
                Claims.
                A
                Participant shall make a claim for benefits or participation by making
                a
                request in accordance with the terms of this
                Plan.

            

    

    

    
      	 	
              (d)

            	
              Denial
                of a Claim.
                If a claim for benefits or participation is denied in whole or in
                part,
                the claimant
                will receive written notification from the Third Party Plan Administrator
                within ninety (90) days from the date of the claim for benefits or
                participation is received. Such notice shall be deemed given upon
                mailing,
                full postage prepaid in the United States mail or if provided
                electronically to the claimant. Any actual denial of a claim under
                this
                Plan shall be written and set forth in a manner calculated to be
                understood by the claimant. The denial of claim shall include (i)
                the
                specific reason or reasons for the denial, (ii) specific reference
                to
                pertinent Plan provisions on which the denial is based along with
                a copy
                of such Plan provisions or a statement that one will be furnished
                at no
                charge upon the claimant's request, (iii) a description of any additional
                material or information necessary for the claimant to perfect the
                claim
                and an explanation of why such material or information is necessary,
                and
                (iv) appropriate information as to the steps to be taken if the claimant
                wishes to submit his or her claim for review, along with a statement
                of
                the claimant's right to bring a civil action under Section 502(a)
                of ERISA
                following an adverse benefit determination on review. If the Third
                Party
                Plan Administrator determines that an extension of time for processing
                is
                required, written notice of the extension shall be furnished to the
                claimant prior to the termination of the initial ninety- (90) day
                period.
                In no event shall such extension exceed a period of ninety- (90)
                days from
                the end of such initial period. The extension notice shall indicate
                the
                special circumstances requiring an extension of time and the date
                by which
                the Plan expects to render the
                determination.

            

    

     

    
      
        
        

      

      
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              (e)

            	
              Review
                of Denial of the Claim to the Administration
                Committee.
                In the event that the Third Party Plan Administrator denies a claim,
                a
                claimant may (i) request a review upon appeal by written application
                to
                the Administration Committee, (ii) review pertinent documents, and
                (iii)
                submit issues and comments in writing. A claimant must request a
                review
                upon an appeal of the denial of the claim by the Third Party Plan
                Administrator under this Plan within sixty (60) days after the claimant
                receives the written notification of denial of the claim. Since the
                Administration Committee is reviewing the appeal, it will be considered
                at
                the Administration Committee's next regularly scheduled meeting.
                If it is
                filed within thirty (30) days of the next meeting, a decision by
                the
                Administration Committee, as appropriate, shall be made by the date
                of the
                second meeting after receipt of the claimant's request for review.
                Under
                special circumstances an extension of time for processing may be
                required,
                in which case a decision shall be rendered by the date of the third
                meeting. If an extension is required because information is incomplete,
                the review period will be tolled from the date the notice was sent
                to the
                date information is received. In the event such an extension is needed,
                written notice of the extension shall be provided to the claimant
                prior to
                the commencement of the extension. Written notice of a decision will
                be
                made to the claimant not any later than five (5) days after the decision
                has been made by the Administration Committee.

            

    

    

    
      	 	
              (f)

            	
              Decision
                of the Committee.
                The decision on review shall be in writing in a manner calculated
                to be
                understood by the claimant, and include (i) the specific reason or
                reasons
                for the denial; (ii) specific reference to pertinent Plan provisions
                on
                which the denial is based along with a copy of such Plan provisions
                or a
                statement that one will be furnished at no charge upon the claimant's
                request; (iii) a statement that the claimant is entitled to receive,
                upon
                request and free of charge reasonable access to, and copies of, all
                documents, records, and other information relevant to the claimant's
                claim
                for benefits; and (iv) a statement of the claimant's right to bring
                a
                civil action under Section 502(a) of ERISA following an adverse benefit
                determination on review. Decisions of the Administration Committee
                are
                final and conclusive and are only subject to the arbitrary and capricious
                standard of judicial review.

            

    

    

    
      	 	
              (g)

            	
              Fiduciary
                Claims

            

    

    

    A
      claim
      by a Participant alleging breach of fiduciary duty by any Plan fiduciary shall
      be subject to the following claim procedures.

    

    
      	 	
              1.

            	
              A
                claimant shall make a claim alleging breach of fiduciary duties by
                filing
                a written claim with the Plan Administrator. The claim must specifically
                set forth the facts concerning the alleged breach and must clearly
                identify the Plan fiduciary who claimant alleges has committed a
                fiduciary
                breach. The claim shall cite the legal basis for the allegation of
                fiduciary breach and shall set forth the remedy that the claimant
                requests
                on behalf of the Plan. 

            

    

    
      
        
        

      

      
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              2.

            	
              The
                Plan Administrator shall review the claim and make a determination
                within
                ninety (90) days from the date the claim is received. Such notice
                shall be
                deemed given upon mailing, full postage prepaid in the United States
                mail
                or if provided electronically to the claimant. Any actual denial
                of a
                claim shall be written and set forth in a manner calculated to be
                understood by the claimant. The denial of the claim shall include
                the
                elements set forth in section (d) above. If the Plan Administrator
                determines that an extension of time for processing is required,
                written
                notice of the extension shall be furnished to the claimant prior
                to the
                termination of the initial ninety (90) day period. The extension
                notice
                shall indicate the special circumstances requiring an extension of
                time
                and the date by which the Plan Administrator expects to render the
                determination. At the Plan Administrator's discretion, the claim
                may be
                referred to the Administration Committee or the Senior Vice President
                -
                General Counsel for review.

            

    

    

    
      	 	
              3.

            	
              In
                the event that the Plan Administrator denies a claim, a claimant
                may (i)
                request a review upon appeal by written application to the Administration
                Committee; (ii) review pertinent Plan documents; and (iii) submit
                issues
                and comments in writing. A claimant must request a review upon appeal
                of
                the denial of the claim by the Plan Administrator under this Plan
                within
                sixty (60) days after the Participant receives written notification
                of
                denial of the claim. The appeal will be considered at the Administration
                Committee's next regularly scheduled meeting. If the appeal is filed
                within thirty (30) days of the next meeting, a decision by the
                Administration Committee, as appropriate, shall be made by the second
                meeting after receipt of the Participant's request for review. Under
                special circumstances, an extension of time for processing may be
                required, in which case a decision shall be rendered by the date
                of the
                third meeting. If an extension is required because information is
                incomplete, the review period will be tolled from the date the notice
                was
                sent to the date the information is received. In the event such an
                extension is needed, written notice of the extension shall be provided
                to
                the claimant prior to the commencement of the extension. In reviewing
                the
                claim, the Administration Committee may retain experts or other
                independent advisors. In such event, an extension of time for processing
                may be required but a decision on the appeal shall be made as soon
                as is
                reasonably practicable under the circumstances. Written notice of
                the
                decision will be made to the claimant not any later than five (5)
                days
                after the decision has been made by the Administration Committee.
                At the
                Administration Committee's discretion, an appeal from a denial of
                the
                claim by the Plan Administrator, or a referral of a claim directly
                to the
                Administration Committee by the Plan Administrator, may be referred
                to the
                Senior Vice President - General Counsel for
                review.

            

    

    

    
      	 	
              4.

            	
              When
                a claim for breach of fiduciary duty, or an appeal from a denial
                of a
                fiduciary duty claim under Section 3 or 4 above, is referred to the
                Senior
                Vice President -General Counsel, he/she shall have full authority
                and sole
                discretion to determine the manner in which to discharge his/her
                responsibility with respect to the review of the claim or the appeal.
                This
                includes, but is not limited to, retaining the responsibility to
                review
                the claim or appeal, appointing an independent fiduciary, seeking
                a
                declaratory judgment in federal court, or seeking review of the claim
                or
                appeal by an existing or specially appointed committee of the Board.
                The
                Senior Vice President -General Counsel, or any person who is responsible
                for making the decision with respect to the claim or appeal as determined
                by the Senior Vice President- General Counsel as described above
                ("Appointee"), may retain experts or other independent advisors in
                his/her
                sole discretion with respect to review of the claim or appeal. The
                claim
                or appeal shall be reviewed on the basis of the written record submitted
                by the claimant and the record developed by the Plan Administrator,
                if
                any. 

            

    

    
      
        
        

      

      
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              5.

            	
              A
                decision shall be made as soon as reasonably practicable under the
                circumstances. Written notice of the decision will be made to the
                claimant
                not any later than five (5) days after the decision has been made.
                The
                decision on review shall be in writing in a manner calculated to
                be
                understood by claimant, and include (i) the specific reason or reasons
                for
                the denial; (ii) specific reference to pertinent Plan provisions
                on which
                the denial is based along with a copy of such Plan provisions or
                a
                statement that one will be furnished at no charge upon the claimant's
                request; (iii) a statement that the claimant is entitled to receive,
                upon
                request and free of charge, reasonable access to, copies of, all
                documents, records, and other information relevant to the claimant's
                claim; and (iv) a statement of the claimant's right to bring a civil
                action under Section 502(a) of ERISA following an adverse determination
                on
                review. The Plan Administrator, Administration Committee, the Senior
                Vice
                President - General Counsel or the Appointees each severally shall
                have
                full power and discretion under the Plan to consider Participant
                fiduciary
                claims. Decisions of the Administration Committee, the Senior Vice
                President -General Counsel or the Appointees, as the case may be,
                are
                final and conclusive and are only subject to the arbitrary and capricious
                standard of judicial review and shall bind and may be relied upon
                by the
                Participants, beneficiaries, or the estate or legal representative
                thereof, the Trustee and all other parties in
                interest.

            

    

    

    11.4        
      Investment
      Review. Effective May 11, 2005, the Board of Directors implemented a revised
      process for reviewing the investment options offered under the Plan. The role
      of
      the Investment Process Committee ("IPC") was clarified and an Investment Process
      Oversight Committee ("IPOC") was created. Each member of the IPC and the IPOC
      shall execute their respective responsibilities under the Plan for the sole
      benefit of Participants and their beneficiaries.

    

    (a)    Investment
      Process Oversight Committee. The members of the Investment Process Oversight
      Committee ("IPOC") shall be the Vice President-Treasurer, Associate General
      Counsel and Secretary and the Vice President, Human Resources. The IPOC shall
      meet at least quarterly to review the performance of the investment options
      and
      to consider any recommendations from the Investment Process Committee ("IPC").
      The IPOC shall take action with respect to the Ford Stock Fund, Common Stock
      Index Fund, Bond Index Fund and Interest Income Fund only to the extent required
      by ERISA. Any member of the IPOC may request to meet more frequently. The IPOC
      shall appoint a secretary, which does not have to be an IPOC member. Any action
      taken pursuant to this Article XI by the IPOC shall be by unanimous consent,
      with or without a meeting. The IPOC shall have the power to approve any changes
      in the Additional Investment Options listed on Appendix A. 

    
      
        
        

      

      
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    (b)    Investment
      Process Committee.
      The
      members of the Investment Process Committee ("IPC") shall be the
      Director-Trading, Director-Asset Management and Manager-Savings and Executive
      Retirement Plans, North America. Each member of the IPC shall have an alternate
      designated by such member. In the event a member of the IPC is absent from
      a
      meeting, the member's alternate may attend, and when in attendance, shall
      exercise the powers and perform the duties of such member. The IPC shall appoint
      its own secretary, who does not have to be an IPC member, and shall act by
      unanimous consent of its members, with or without a meeting. 

    

    The
      Investment Process Committee shall recommend investment process guidelines
      to
      the IPOC for their approval with respect
      to the Additional Investment listed on Appendix A.
      Such
      guidelines shall include:

     

    
      	 	
              (i)

            	
              the
                types of investment options to be offered under the Plan, with due
                regard
                to the risk and return characteristics of such options and the need
                to
                offer a reasonable array of such risk and return
                alternatives;

            

    

    
      	 	
              (ii)

            	
              the
                number of investment options of each type to be offered under the
                Plan,
                consistent with the range of risk and return characteristics deemed
                appropriate;

            

    

    
      	 	
              (iii)

            	
              criteria
                for the selection of individual investment options for inclusion
                in the
                Plan;

            

    

    
      	 	
              (iv)

            	
              procedures
                for reviewing the performance of investment options offered under
                the
                Plan; and

            

    

    
      	 	
              (v)

            	
              criteria
                mandating the removal of investment options from availability under
                the
                Plan.

            

    

    

    After
      such guidelines have been approved by the IPOC, the I P C shall meet at least
      quarterly to (1) review the guidelines for continuing propriety, (2) review
      the
      performance of investment options pursuant to the criteria regarding the removal
      of investment options from availability under the Plan, and (3) recommend
      changes to the guidelines for approval by the IPOC. 

    

    The
      IPC
      shall recommend to the IPOC, for their approval, any changes to the investment
      process guidelines that the IPC deems appropriate. If changes to the investment
      options are required, the IPC shall recommend additional options, the deletion
      of options, and, if appropriate, the replacement of options to the IPOC for
      their approval. 

    

    The
      IPC
      shall review the Ford Stock Fund, Common Stock Index Fund, Bond Index Fund
      and
      Interest Income Fund only to the extent required by ERISA. 

    

    Notwithstanding
      anything herein contained to the contrary, commencing on or after September
      7,
      2005, the IPC shall have full and exclusive power and authority to appoint,
      modify or terminate the appointment of an investment manager, independent
      fiduciary, or any other similar person, with respect to the Ford Stock Fund
      ("Ford Stock Fund Manager"), upon such terms and conditions as are acceptable
      to
      the IPC. Upon such an appointment, the IPC shall have no further responsibility
      with respect to the Ford Stock Fund except the duty to monitor the performance
      of the Ford Stock Fund Manager.

    
      
        
        

      

      
        65

        
          

        

      

      
        
        

      

    

    The
      Ford
      Stock Fund Manager shall acknowledge that it is an investment manager and will
      be acting as a fiduciary within the meaning of Section 3(21)(A) of ERISA with
      respect to the Ford Stock Fund. In such capacity, the Ford Stock Fund Manager
      will exercise independent discretionary judgment in the performance of its
      obligations under any investment manager agreement in accordance with the
      fiduciary requirements set forth in Part 4 of Subtitle B of Title 1 of
      ERISA.

    

    To
      the
      extent that the IPC or the IPOC have been delegated authority under any of
      the
      Company's other defined contribution pension plans comparable to the authority
      set forth in this Section 11.4, the IPC or the IPOC may act jointly on behalf
      of
      such other plans while carrying out their responsibilities set forth in this
      Article XI with respect to the Plan.

    

    In
      the
      event that the IPC appoints a Ford Stock Fund Manager, neither the Board nor
      the
      IPOC shall have any further oversight responsibility with respect to the
      selection of the Ford Stock Fund Manager or the terms and conditions of the
      engagement and, while the appointment remains in effect, shall have no duty
      to
      monitor the performance of the Ford Stock Fund Manager. Nothing herein contained
      should be construed to remove from the Board of Directors the exclusive
      authority under Section 11.2(a) hereof to amend the Plan to remove Company
      Stock
      as an investment election under the Plan.

    

    11.5        
      Indemnification.
      No
      member of the Administration Committee (or alternate for a member), or member
      of
      the Investment Process Committee (or alternate for any such member), or member
      of the Investment Process Oversight Committee or director, officer or employee
      of any Participating Employer shall be liable for any action or failure to
      act
      under or in connection with the Plan, except for his or her own lack of good
      faith; provided, however, that nothing herein shall be deemed to relieve any
      such person from responsibility or liability for any obligation or duty under
      ERISA. Each director, officer, or employee of the Company who is or shall have
      been designated to act on behalf of the Company and each person who is or shall
      have been a member of the Administration Committee (or an alternate for any
      such
      member), or a member of the Investment Process Committee (or alternate for
      any
      such member), or member of the Investment Process Oversight Committee, or a
      director, officer or employee of any Participating Employer, as such, shall
      be
      indemnified and held harmless by the Company against and from any and all loss,
      cost, liability or expense that may be imposed upon or reasonably incurred
      by
      him or her in connection with or resulting from any claim, action, suit or
      proceeding to which he or she may be a party or in which he or she may be
      involved by reason of any action taken or failure to act under the Plan and
      against and from any and all amounts paid by him or her in settlement thereof
      (with the Company's written approval) or paid by him or her in satisfaction
      of a
      judgment in any such action, suit or proceeding, except a judgment in favor
      of
      the Company based upon a finding of his or her lack of good faith; subject,
      however, to the condition that, upon the assertion or institution of any such
      claim, action, suit or proceeding against him or her, he or she shall in writing
      give the Company an opportunity, at its own expense, to handle and defend the
      same before he or she undertakes to handle and defend it on his or her own
      behalf. The foregoing right of indemnification shall not be exclusive of any
      other right to which such person may be entitled as a matter of law or
      otherwise, or any power that a Participating Employer may have to indemnify
      him
      or her or hold him or her harmless.

    
      
        
        

      

      
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    11.6        
      Payment
      of Expenses.
      Brokerage commissions and transfer taxes on the purchase and sale of Common
      Stock Index Fund securities shall be paid from Common Stock Index Fund assets
      by
      the Trustee. The expenses of any collective, common, or commingled fund in
      which
      Common Stock Index Fund assets may be invested pursuant to Section 8.4 hereof
      shall be paid from the assets in such collective, common or commingled fund.
      Brokerage commissions and transfer taxes on the purchase and sale of Bond Index
      Fund securities and (to the extent not paid by the Company) investment
      management fees shall be paid from Bond Index Fund assets by the Trustee.
      Earnings credited to the account of the Trustee under any Accumulation Fund
      contract may be net of such charges by the Accumulation Fund Manager as may
      be
      provided in such contract. Brokerage commissions and transfer taxes on the
      purchase and sale of Interest Income Fund securities shall be paid from Interest
      Income Fund assets by the Trustee and the expenses of any collective, common,
      or
      commingled fund in which Interest Income Fund assets may be invested pursuant
      to
      Section 8.6 hereof shall be paid from the assets in such collective, common
      or
      commingled fund. All management fees, redemption fees and all other expenses
      of
      any mutual funds offered as an investment election under the Plan shall be
      paid
      from assets in such mutual funds or charged to the Accounts of Participants
      who
      elect to invest in such mutual funds. Earnings credited to the Accounts of
      Participants who shall have elected to invest in the Bond Index Fund may be
      net
      of such charges by the Bond Index Fund Manager as shall be provided in the
      contract with the Bond Index Fund Manager. All other expenses of administration
      of the Plan, including brokerage commissions, fees and transfer taxes incurred
      in connection with the purchase or sale of Company Stock, fees of investment
      managers and other expenses charged or incurred by the Trustee shall be borne
      by
      the Company and, upon request from time to time, the Company shall reimburse
      the
      Trustee for expenses incurred by it; provided, however, that with respect to
      any
      of such other expenses of administration of the Plan, the Trustee first shall
      apply to the payment of expenses the value of any of the assets that shall
      have
      been forfeited at any time in accordance with the provisions of Article X
      hereof. Taxes, if any, on any Ford Stock Fund Units, Common Stock Index Fund
      Units or Bond Index Fund Units held by the Trustee or income therefrom which
      are
      payable by the Trustee shall be charged against the Participants' Accounts
      as the Trustee and the Administration Committee shall determine. When Company
      Stock is applied to the payment of expenses of the Plan, the Trustee shall
      use
      for the payment of such expenses, from the contributions made to the Plan during
      the month during which such contributions are being paid, an amount equal to
      the
      value of such stock as determined pursuant to the provisions of this Section
      11.5.

    

    11.7        
      Records.
      The
      records of the Trustee, the Administration
      Committee, the IPC, and the IPOC and the several Participating Companies shall
      be conclusive in respect of all matters involved in the administration of the
      Plan.

    

    11.8        
      Participants'
      Statements, Notices, Etc

     

    (a)   Participants'
      Quarterly Statements.
      As soon
      as practicable after the end of each calendar quarter of each year, there shall
      be available to
      each
      Participant a statement as of the end of each such quarter of such year of
      the
      cash value of the investments in his or her Account or Accounts, the
      contributions made by or on behalf of such Participant during the preceding
      calendar quarter, the investment elections with respect to such contributions,
      and such additional information as the Administration Committee shall determine.
      Such statements shall be deemed to have been accepted by the Participant and
      his
      or her beneficiaries designated hereunder as correct unless written notice
      to
      the contrary shall be received as the Company shall specify on such statement
      within 30 days after the mailing of such statement to the Participant.
      Participants will receive on-line statements unless they elect to receive mailed
      statements. Participants who elect to receive on-line statements will receive
      an
      annual statement covering the calendar year.

    
      
        
        

      

      
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    (b)   Notices,
      Etc.
      All
      notices, statements and other communications from the Trustee or a Participating
      Employer to an Employee, Participant or designated beneficiary required or
      permitted hereunder shall be deemed to have been duly given, furnished,
      delivered or transmitted, as the case may be, when delivered to, or when mailed
      by first-class mail, postage prepaid and addressed to the Employee, Participant
      or beneficiary at his or her address last appearing on the books of such
      Participating Employer.

    

    All
      notices, instructions and other communications from an Employee or Participant
      to the Company or Trustee required or permitted hereunder (including without
      limitation payroll deduction authorizations, Salary Reduction Agreements and
      changes and terminations thereof, investment and other elections, requests
      for
      withdrawal or loans and designations of beneficiaries and revocation and changes
      thereof) shall be made in such form and in such manner from time to time
      prescribed therefore by the Administration Committee.

    

    From
      time
      to time as necessary to facilitate the administration of the Plan and the trust
      created thereunder, the Company, the Trustee and the Administration Committee
      shall deliver to each other copies or consolidations of such notices,
      instructions or other communications in respect of the Plan or such trust as
      it
      may receive from Employees, Participants or beneficiaries.

    

    11.9        
      Governing
      Law.
      The
      Plan shall be governed by and construed in accordance with the laws of the
      State
      of Michigan except to the extent such law is preempted by
      ERISA.

    
      
        
        

      

      
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    ARTICLE
      XII

    

    Termination,
      Suspension and Modification

    

    12.1        
      General.
      The
      Company, by action of its Board of Directors, may terminate or modify the Plan
      or suspend the operation of any provision of the Plan, and the Company, as
      provided in Section 11.2(a) by action of the Group Vice President - Corporate
      Human Resources and Labor Affairs, the Executive Vice President and Chief
      Financial Officer, and the Senior Vice President - General Counsel, may modify
      the Plan or suspend the operation of any provision of the Plan other than
      provisions relating to the extent of Company Matching Contributions and the
      offering of Company Stock as an investment election, as provided below in this
      Article XII.

    

    12.2        
      Scope
      of Action.
      The
      Company may terminate the Plan at any time or may at any time or from time
      to
      time modify the Plan, in its entirety or in respect of the Employees of one
      or
      more of the Participating Companies. The Company may at any time or from time
      to
      time terminate or modify the Plan or suspend for any period the operation of
      any
      provision thereof, in respect of any Employees located in one or more States
      or
      countries, if in the judgment of the Administration Committee compliance with
      the laws of such State or country would involve disproportionate expense and
      inconvenience to a Participating Employer. Any such modification that affects
      the rights or duties of the Trustee may be made only with the consent of the
      Trustee. Any such termination, modification or suspension of the Plan may affect
      Participants in the Plan at the time thereof, as well as future Participants,
      but may not affect the rights of a Participant as to (a) the continuance of
      investment, distribution or withdrawal of the cash value of assets in the
      Account or Accounts of the Participant as of the effective date of such
      termination, modification or suspension or (b) the continuance of vesting of
      such assets attributable to Company Matching Contributions or Earnings thereon.
      Any termination or modification of the Plan or suspension of any provision
      thereof shall be effective as of such date as the Company may determine, but
      not
      earlier than the date on which the Company shall give notice of such
      termination, modification or suspension to the Trustee and to the Participating
      Companies any of the Employees of which are affected thereby.

    

    12.3        
      Effect
      of Termination.
      Upon
      any termination or partial termination of the Plan or the complete
      discontinuance of contributions thereunder, within the meaning of Section
      411(d)(3)(A) and (B) of the Code, the cash value of assets in the Account of
      any
      affected Employee within the meaning of Section 411(d)(3) of the Code shall
      be
      deemed to have vested and shall be nonforfeitable as of the date of such
      termination, partial termination or complete discontinuance of
      contributions.

    

    For
      purposes of this paragraph, the determination as to whether there is a
      termination or partial termination of the Plan or a complete discontinuance
      of
      contributions thereunder and the date thereof and as to the Employees affected
      thereby shall be made by the Company provided, however, that such determination
      shall be in accordance with the applicable provisions of the Code. In
      determining the applicability of such Code provisions, the Company may rely
      upon
      an opinion of counsel.

    

    12.4         Retroactive
      Amendment.
      The
      provisions of Section 12.2 notwithstanding, the Company, by action of its Board
      of Directors or by action of the Group Vice President - Corporate Human
      Resources and Labor Affairs, the Executive Vice President and Chief Financial
      Officer and the Senior Vice President - General Counsel, at any time or from
      time to time may modify any of the provisions of the Plan in any respect
      retroactively, if and to the extent necessary or appropriate in the judgment
      of
      the Board of Directors of the Company or the Group Vice President - Corporate
      Human Resources and Labor Affairs, the Executive Vice President and Chief
      Financial Officer and the Senior Vice President - General Counsel, to qualify
      or
      maintain the Plan and the Trust Fund established as a plan and trust meeting
      the
      requirements of Sections 401(a) and 501(a) of the Code, as now in effect or
      hereafter amended, or any other applicable provisions of Federal tax laws or
      other legislation, as now in effect or hereafter amended or adopted, and the
      regulations thereunder at the time in effect.

    
      
        
        

      

      
        69

        
          

        

      

      
        
        

      

    

    12.5         Limitations
      of Effects of Actions.
      Anything herein to the contrary notwithstanding, no such termination or
      modification of the Plan or suspension of any provision thereof may diminish
      the
      cash value of assets in the Account or Accounts of a Participant as of the
      effective date of such termination, modification or suspension.

    

    12.6        
      Special
      Rules for Mergers, Consolidations and Asset Transfers.
      In the
      event of (a) the acquisition by a Participating Employer or an Affiliated
      Employer (by purchase, merger or otherwise) of all or part of the assets of
      another business organization, (b) the employment by a Participating Employer
      or
      Affiliated Employer of all or a substantial number of individuals employed
      in
      the operations of an employer that is not a Participating Employer or Affiliated
      Employer, and (c) the reemployment by the Company of a salaried employee of
      Visteon Corporation who is given an opportunity to return to the Company's
      hourly employment rolls and is enrolled on the Company's hourly employment
      rolls, the Plan may accept a transfer of assets from the plan maintained by
      the
      employer from whom such assets are acquired or by whom such individuals were
      employed; provided such plan is a plan qualified under Section 401(a) of the
      Code (and Section 401(k) of the Code, if applicable) and all assets transferred
      are allocable to individuals who become employees of a Participating Employer
      or
      Affiliated Employer. In the event of (a) the divestiture by a Participating
      Employer or Affiliated Employer (by sale, merger or otherwise) of all or part
      of
      the assets (including interests in business organizations) of such organization
      or (b) the transfer to an employer that is not a Participating Employer or
      Affiliated Employer of the employment of individuals employed by a Participating
      Employer or Affiliated Employer, the Plan may transfer assets on the following
      conditions. The assets must be transferred to a plan maintained by a successor
      employer of individuals who are employed by such successor employer in
      connection with a transaction described in the immediately preceding sentence;
      the assets transferred must consist of assets attributable to the Account
      balances under the Plan of such individuals; the amount of assets transferred
      may not be less than the amount required to comply with Section 414(l) of the
      Code; and such transfer shall be to a plan that is a plan qualified under
      Section 401(a) of the Code (and Section 401(k) of the Code, if applicable).
      The
      Company may authorize and evidence the authorization of any transfers described
      above in this section in any instrument executed by duly authorized officers
      or
      agents of the Company, including instruments evidencing the transactions
      described and instruments executed by the officers authorized under Section
      11.2
      to amend the Plan. In the event of any merger or consolidation with, or transfer
      of assets or liabilities to, any other plan, each Employee, Participant, former
      Employee, former Participant, beneficiary or estate eligible under the Plan
      shall, if the Plan is then terminated, receive a benefit immediately after
      the
      merger, 

    
 

    
      
        
          
          

        

        
          70

          
            

          

        

        
          
          

        

      

    

     

    consolidation
      or transfer, which is equal to the benefit
      he or she would have been entitled to receive immediately before the merger,
      consolidation or transfer if the Plan had then terminated.

     

     

     

    
      
        
        

      

      
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    ARTICLE
      XIII

    

    Top-Heavy
      Rules

    

    If
      the
      Plan is or becomes top-heavy in any Plan Year, the provisions of this paragraph
      shall supersede for such Plan Year any conflicting provision of the Plan. This
      Plan is top-heavy in any Plan Year if the top-heavy ratio on the determination
      date for such year for the required aggregation group of plans exceeds 60
      percent.

    

    
      	 	
              13.1

            	
              Definitions.

            

    

    

    
      	 	
              (a)

            	
              Top-heavy
                ratio:

            

    

    

    
      	 	
              (i)

            	
              The
                top-heavy ratio is a fraction, the numerator of which is the sum
                of
                account balances for all key employees under the defined contribution
                plans of the Company and affiliates and the present value of accrued
                benefits for all key employees under the defined benefit plans of
                the
                Company and affiliates, and the denominator of which is the sum of
                the
                account balances for all participants under the defined contribution
                plans
                of the Company and affiliates and the present value of accrued benefits
                for all participants under defined benefit plans of the Company and
                affiliates. Both the numerator and denominator of the top-heavy ratio
                are
                adjusted for any distribution of an account balance or an accrued
                benefit
                and any contribution due but unpaid (as of the determination date)
                made:

            

    

    

    
      	 	
              a.

            	
              In
                the one-year period ending on the determination date (in the case
                of any
                distribution made on account of a severance from employment, death,
                or
                disability; or 

            

    

    

    
      	 	
              b.

            	
              In
                the five-year period ending on the determination date (in the case
                of any
                distribution made for a reason other than severance from employment,
                death, or disability).

            

    

    

    
      	 	
              (ii)

            	
              For
                purposes of (i) above, the value of account balances and the present
                value
                of accrued benefits will be determined as of the most recent determination
                date. The account balances and accrued benefits of a participant
                (1) who
                is not a key employee but who was a key employee in a prior year
                or (2)
                who has not been credited with at least one hour of service at any
                time
                during the one- year period ending on the determination date will
                be
                disregarded. The calculation of the top-heavy ratio and the extent
                to
                which distributions, rollovers, and transfers are taken into account
                will
                be made in accordance with Section 416 of the Code and the regulations
                thereunder.

            

    

    

    
      	 	
              (iii)

            	
              Solely
                for the purpose of determining if the Plan, or any other plan included
                in
                a required aggregation group of which this Plan is a part, is top-heavy
                (within the meaning of Section 416(g) of the Code) the accrued benefit
                of
                an Employee other than a key employee (within the meaning of Section
                416(i)(1) of the Code) shall be determined under (a) the method,
                if any,
                that uniformly applies for accrual purposes under all plans maintained
                by
                the Company and affiliates, or (b) if there is no such method, as
                if such
                benefit accrued not more rapidly than the slowest accrual rate permitted
                under the fractional accrual rate of Section 411(b)(1)(C) of the
                Code.

            

    

    
      
        
        

      

      
        72

        
          

        

      

      
        
        

      

    

    
      	 	
              (b)

            	
              Required
                aggregation group of plans: (i) each qualified plan of the Company
                or an
                affiliate in which at least one key employee participates, (ii) any
                other
                qualified plan of the Company or an affiliate which enables a plan
                described in (i) to meet the requirements of Sections 401(a)(4) or
                410 of
                the Code, and (iii) any qualified plan which may have been terminated
                in
                the past five (5) years.

            

    

    

    
      	 	
              (c)

            	
              Key
                employee: A key employee (including any deceased employee) as defined
                in
                Section 416(i)(1) (A) of the Code (and the applicable regulations
                and
                other guidance of general applicability issued thereunder) is any
                Employee
                or former Employee who, at any time during the Plan Year that includes
                the
                determination date, is or was is:

            

    

    

    
      	 	
              (i)

            	
              an
                officer of the Company having annual compensation for such Plan Year
                in
                excess of $130,000 (as adjusted under section 416(i)(1) of the Code
                for
                the calendar year in which such Plan Year
                ends;

            

    

    

    
      	 	
              (ii)

            	
              a
                five percent owner of the Company or a one percent owner of the Company
                who has annual compensation of more than
                $150,000.

            

    

    

    For
      purposes of determining five-percent and one-percent owners, neither the
      aggregation rules nor the rules of Subsections (b), (c) and (m) of Section
      414
      of the Code apply. Beneficiaries of an Employee acquire the character of the
      Employee and inherited benefits retain the character of the benefits of the
      Employee.

    

    
      	 	
              (d)

            	
              Present
                value: Present value shall be based on the interest and mortality
                rates
                used to determine actuarial equivalence under the defined benefit
                plans.

            

    

    

    
      	 	
              (e)

            	
              Determination
                date: The determination date is the last day of the preceding Plan
                Year.

            

    

    

    
      	 	
              (f)

            	
              Valuation
                Date: The valuation date is the last day of the preceding Plan
                Year.

            

    

    

    
      	 	
              13.2

            	
              Minimum
                Allocation.

            

    

    

    
      	 	
              (a)

            	
              Except
                as otherwise provided in (c) and (d) below, the employer contributions
                and
                forfeitures allocated on behalf of any Participant who is not a key
                employee shall not be less than three percent of such Participant's
                compensation or if less than three percent, the percentage at which
                contributions are made under the Plan for the year for the key employee
                for whom such percentage is the highest for the year. Employee matching
                contributions (as defined in section 401(m)(4)(A)) shall be taken
                into
                account for purposes of this subparagraph (and any reduction under
                this
                sentence shall not be taken into account in determining whether section
                401(k)(4)(A) applies). The percentage at which contributions are
                made for
                a key employee shall be determined by dividing the contributions
                for and
                forfeitures allocated on behalf of any such employee by so much of
                his or
                her total compensation for the year as does not exceed $150,000.
                The
                minimum allocation is determined without regard to any Social Security
                contribution. This minimum allocation shall be made even though,
                under
                other Plan provisions, the participant would not otherwise be entitled
                to
                receive an allocation, or would have received a lesser allocation
                for the
                year because of (i) the Participant's failure to complete 1,000 hours
                of
                service (or any equivalent provided in the Plan), or (ii) the
                Participant's failure to make mandatory employee contributions to
                the
                Plan, or (iii) compensation less than a stated
                amount.

            

    

    
      
        
        

      

      
        73

        
          

        

      

      
        
        

      

    

     

     

    
 

    
      	 	
              (b)

            	
              For
                purposes of computing the minimum allocation, compensation will equal
                the
                wages reported on the employee's Form W-2 from the Company for the
                year.

            

    

    

    
      	 	
              (c)

            	
              The
                provision in (a) above shall not apply to any participant who was
                not
                employed by the Company or an affiliate on the last day of the Plan
                Year.

            

    

    

    
      	 	
              (d)

            	
              The
                provision in (a) above shall not apply to any Participant to the
                extent
                the Participant is covered under any other plan or plans of the Company
                or
                an affiliate and the Company or affiliate has provided that the minimum
                benefit requirement applicable to top-heavy plans will be met in
                the other
                plan or plans.

            

    

    

    Effective
      December 31, 2002, this section shall apply for purposes of determining whether
      the plan is a top-heavy under Section 417(g) of the Code and whether the plan
      satisfies the minimum benefits requirements of Section 415(c) of the Code.
      

    

    13.3        
      Determination
      of Top-Heavy Status
      for Key Employee.
      Key
      employee means any employee or former employee (including any deceased employee)
      who at any time during the Plan Year that includes the determination date was
      an
      officer of the Company having annual compensation greater than $130,000 (as
      adjusted under Section 416(i)(1) of the Code for plan years beginning after
      December 31, 2002, a 5 percent owner of the Company, or a 1-perrcent owner
      of
      the Company having annual compensation of more than $150,000. The determination
      of who is a key employee will be made in accordance with Section 416(i)(1)
      of
      the Code and the applicable regulations and other guidance of general
      applicability issued thereunder.

    

    13.4        
      Determination
      of Present Values and Amounts.
      This
      section shall apply for purposes of determining the present values of accrued
      benefits and the amounts of account balances of employees as of the
      determination date.

    

    
      	 	
              (a)

            	
              Distributions
                during year ending on the determination date. The present values
                of
                accrued benefits and the amounts of account balances of an employee
                as of
                the determination date shall be increased by the distributions made
                with
                respect to the employee under the Plan and any plan aggregated with
                the
                Plan under Section 416(g)(2) of the Code during the one-year period
                ending
                on the determination date. The preceding sentence shall also apply
                to
                distributions under a terminated plan which, had it not been terminated,
                would have been aggregated with the Plan under section 416(g)(2)(A)(i)
                of
                the Code. In the case of a distribution made for a reason other than
                separation from service, death, or disability, this provision shall
                be
                applied by substituting "5-year period" for "1-year
                period."

            

    

    
      
        
        

      

      
        74

        
          

        

      

      
        
        

      

    

    
      	 	
              (b)
                

            	
              Employees
                not performing services during year ending on the determination
                date.

            

    

     

    The
      accrued benefits and accounts of any individual who has not performed services
      for the Company during the 1-year period ending on the determination date shall
      not be taken into account.

    

    
      	 	
              13.5

            	
              Minimum
                Benefits

            

    

    

    
      	 	
              (a)

            	
              Matching
                contributions

            

    

    

    Employer
      matching contributions shall be taken into account for purposes of satisfying
      the minimum contribution requirements of Section 416(c)(2) of the Code and
      the
      Plan. Company matching contributions that are used to satisfy the minimum
      contribution requirements shall be treated as matching contributions for
      purposes of the actual contribution percentage test and other requirements
      of
      Section 401(m) of the Code.

     

    13.6        
      Nonforfeitability.
      The
      minimum allocation required (to the extent required to be nonforfeitable under
      Section 416(b) of the Code) may not be forfeited under Section 411(a)(3)(B)
      or
      411(a)(3)(D) of the Code.

    

    13.7        
      Compensation
      Limitation.
      For any
      Plan Year in which the Plan is top-heavy, only the first $150,000 (or such
      larger amount as may be prescribed by the Secretary or his or her delegate)
      of a
      Participant's annual compensation shall be taken into account for purposes
      of
      determining employer contributions under the Plan.

    

    13.8        
      Vesting.
      For any
      Plan Year in which this Plan is top-heavy, an employee who has completed at
      least three years of service with the Company or a subsidiary or affiliate
      will
      have a nonforfeitable right to 100% of his or her account balance attributable
      to Company contributions. This minimum vesting schedule applies to all benefits
      within the meaning of Section 411(a)(7) of the Code except those attributable
      to
      employee contributions, including benefits accrued before the effective date
      of
      Section 416 of the Code and benefits accrued before the Plan became top-heavy.
      Further, no reduction in vested benefits may occur in the event the Plan's
      status as top-heavy changes for any Plan Year. However, this subparagraph does
      not apply to the account balances of any employee who does not have an hour
      of
      service after the Plan has initially become top-heavy and such employee's
      account balance attributable to employer contributions and forfeitures will
      be
      determined without regard to this subparagraph.

    

    13.9        
      Combined
      Limitation.
      For any
      Plan Year in which this plan is top-heavy, the limitation in Section 3.4(e)(7)
      hereof shall be computed by substituting the number 1.0 for the number 1.25
      wherever the latter number appears in that section.

    
      
        
        

      

      
        75

        
          

        

      

      
        
        

      

    

    ARTICLE
      XIV

    

    Designation
      of Beneficiaries

     

    14.1        
      General.
      The
      provisions of this Article XIV apply to any Participant who has an Account
      by
      reason of his or her employment with an entity that is or was a Participating
      Employer or by reason of a Qualified Domestic Relations Order (within the
      meaning of Section 414(p) of the Code) and not to an individual who may claim
      to
      be a Participant by reason of being a beneficiary of such a Participant. Except
      as is provided in Section 14.2 hereof, a Participant may file in such manner
      and
      in such form and at such time as the Administration Committee shall specify
      a
      written designation of a beneficiary or beneficiaries (subject to such
      imitations as to the classes and numbers of beneficiaries and contingent
      beneficiaries as the Administration Committee from time to time may prescribe)
      to receive the cash value of assets in the Account or Accounts of such
      Participant in the Plan. Except as is provided in Section 14.2 hereof, a
      Participant may from time to time revoke or change any such designation of
      beneficiary. Any designation of beneficiary under the Plan shall be controlling
      over any testamentary or other disposition. Except as provided in Section 14.2
      hereof, a Participant who has not designated a beneficiary or whose designated
      beneficiary has predeceased the Participant shall be deemed to have designated
      as beneficiary or beneficiaries under the Plan the person or persons who are
      entitled in the event of the Participant's death to receive the proceeds under
      the Company's Group Life Insurance Plan if the Participant is covered under
      such
      Plan at the date of his or her death. 

    

    14.2        
      Married
      Participants.
      A
      married Participant shall be deemed to have designated his or her surviving
      spouse as beneficiary to receive the cash value of assets in such Participant's
      Account or Accounts under the Plan unless such Participant shall have filed
      with
      the Company a written designation of a different beneficiary pursuant to Section
      14.1 hereof together with the written consent of the spouse to such designation,
      witnessed by a Plan representative or a notary public.

     

    
      
        
        

      

      
        76

        
          

        

      

      
        
        

      

    

    ARTICLE
      XV

    

    Employee
      Stock Ownership Plan

    

    15.1        
      Description
      of ESOP.
      The
      Employee Stock Ownership Plan ("ESOP") established in the Plan effective January
      1, 1989 shall consist of all the shares of Company Stock in the Plan at any
      time
      and from time to time including all the shares allocated to Participants'
      Accounts, forfeited shares and shares held in the suspense account as
      hereinafter described and all assets attributable to contributions made after
      December 31, 1988, provided that the ESOP established in the Plan remains
      designed to invest exclusively in Company Stock except for a small liquidity
      component to support daily activity.

    

    

    15.2        
      ESOP
      Trustee.
      The
      Trustee of the ESOP shall be the Trustee of the Plan or such other qualified
      organization as the Company shall select (the "Trustee of the ESOP"). The
      Trustee of the of the Plan and the Trustee of the ESOP shall hold, invest,
      transfer and distribute the shares of Company Stock and all other assets in
      the
      ESOP in accordance with the provisions of this Article XV and the Plan. In
      the
      event the Company selects an organization other than the Trustee of the Plan
      to
      be Trustee of the ESOP, their duties under the ESOP shall be allocated between
      them as hereinafter provided or in accordance with the provisions of the trust
      agreements appointing such Trustee of the Plan and Trustee of the
      ESOP.

    

    15.3        
      Borrowing
      on Behalf of ESOP.
      

    

    (i)    The
      Trustee of the ESOP shall borrow on behalf of the ESOP an amount not exceeding
      the amount of dividends estimated by the Trustee of the ESOP, after consultation
      with the Trustee of the Plan and the Treasurer of the Company, to be paid on
      Company Stock held continuously since January 1, 1989 in the ESOP in such period
      succeeding such borrowing by the Trustee as the Trustee shall select, subject
      to
      a guarantee by the Company of payment of any such loan. The loan shall provide
      for a reasonable rate of interest, shall be for a definite period of time,
      and
      shall be without recourse against the Plan.

    

    (ii)   The
      Trustee of the ESOP shall borrow on behalf of the ESOP an amount to be used
      to
      acquire Company Stock in connection with the Company's obligation to make
      Pre-Tax Contributions or Company Matching Contributions, as directed by the
      Company, subject to a guarantee by the Company of payment of any such loan.
      The
      loan shall provide for a reasonable rate of interest, shall be for a definite
      period of time, and shall be without recourse against the Plan.

    

    (iii)         
      The
      Trustee of the ESOP is authorized to borrow such amounts from such persons,
      including the Company, as the Trustee of the ESOP shall determine. The loan
      shall provide for repayment within such period succeeding such loan as the
      Trustee of the ESOP shall have selected, and shall be payable on such other
      terms as the Trustee of the ESOP in its sole discretion shall
      determine.

    

    (iv)         
      The
      proceeds of any such loan shall be used by the Trustee of the ESOP to purchase
      within a reasonable period of time, shares of Company Stock in accordance with
      the provisions of Section 9.2 hereof and as directed by the Company. The Trustee
      of the ESOP is authorized to pledge such Stock as security for the payment
      of
      such loan. 

    
      
        
        

      

      
        77

        
          

        

      

      
        
        

      

    

    15.4        
      Suspense
      Account.
      The
      Trustee of the ESOP shall hold loan proceeds and shares of Company Stock so
      purchased in the Plan in a suspense account for each loan unallocated until
      such
      time as all or part of the related loan and interest thereon is paid as
      hereinafter provided. The Trustee of the ESOP shall vote shares of Company
      Stock
      in the suspense account in its discretion, notwithstanding the provisions of
      Section 9.3.

    

    15.5         Application
      of Dividends.
      After
      payment of dividends to Participants who have not rejected a distribution as
      provided in Section 7.3(d), the Trustee of the Plan and the Trustee of the
      ESOP
      shall apply dividends paid on Company Stock held in the ESOP with respect to
      which a loan was taken, including shares held in the Ford Stock Fund, to payment
      of installments due on such loan made in accordance with Section 15.3 hereof
      and
      interest thereon. Any remaining dividends shall be applied as provided in
      Section 8.7.

    

    In
      the
      event that such dividends paid on Company Stock are not sufficient to enable
      the
      Trustee of the ESOP to make any payment on such loan, the Trustee of the ESOP
      shall sell shares of Company Stock held in the suspense account in an amount
      necessary to permit such payment provided, however, that the Company may elect
      to make an additional contribution to the Plan in an amount sufficient to enable
      the Trustee of the ESOP to make all or part of such payment without selling
      shares of Company Stock held in the suspense account.

    

    In
      the
      event that such dividends paid on Company Stock and the amount realized from
      the
      sale of Company Stock held in the suspense account are not sufficient to enable
      the Trustee of the ESOP to make any payment on such loan, the Company shall
      make
      an additional contribution to the Plan by making payment to the Trustee of
      the
      ESOP in an amount sufficient to enable the Trustee of the ESOP to make such
      payment or shall pay such amount to the lender.

    

    15.6        
      Release
      of Shares from Suspense Account Upon Application of
      Dividends.
      Upon
      application of dividends in accordance with Section 15.5, the shares held in
      the
      suspense account shall be released from the suspense account to the Trustee
      of
      the Plan in an amount that bears the same ratio to the total number of shares
      in
      the suspense account as the amount of principal and interest paid on the loan
      bears to the total amount of principal and interest outstanding. The Trustee
      of
      the Plan shall allocate such shares so released to the Ford Stock Fund and
      the
      Accounts of Participants as if the dividends paid on Company Stock with respect
      to shares held in the Ford Stock Fund had been used to acquire shares of Company
      Stock at the close of the market on the dividend payment date.

    

    To
      the
      extent that the number of shares released from the suspense account as provided
      in the immediately preceding paragraph at any time is less than the number
      that
      would be required for allocation to the Ford Stock Fund if the dividends paid
      on
      Company Stock had been used to acquire shares of Company Stock in the open
      market at the closing price on the New York Stock Exchange on the dividend
      payment date, the Trustee of the ESOP shall release additional shares from
      the
      suspense account so that the value at the closing price on the New York Stock
      Exchange on the dividend payment date of the total number of shares released
      to
      the Trustee of the Plan for the Ford Stock Fund shall equal the total of (a)
      the
      dividends paid to the Trustee of the ESOP by the Trustee of the Plan with
      respect to Company Stock held in the Ford Stock Fund and (b) the dividends
      received by the Trustee of ESOP with respect to Company Stock held in the
      suspense account. If there are not enough additional shares in the suspense
      account to satisfy the requirement of the immediately preceding sentence, the
      Company shall make an additional contribution to the Plan in an amount
      sufficient to permit the Trustee of the ESOP to acquire additional shares so
      that the value at the closing price on the dividend payment date of the shares
      released to the Trustee of the Plan plus cash, if any, shall equal the dividends
      paid by the Trustee of the Plan with respect to Company Stock to the Trustee
      of
      the ESOP. If at the end of any Plan Year, or after the final payment of any
      loan
      effected pursuant to Section 15.3, additional shares of Company Stock have
      been
      released from the suspense account during the Plan Year to satisfy the
      requirements of the first sentence of this paragraph and there is not at the
      end
      of the Plan Year an excess of shares as described in the immediately following
      paragraph at least equal in value to the value of the additional shares released
      (measured as provided in the first sentence of this paragraph) previously in
      the
      Plan Year, the Company shall make an additional contribution to the Plan so
      that
      the total value of the excess shares described in the immediately following
      paragraph and the contribution equals the value (as determined in the first
      sentence of this paragraph) of the additional shares released.

    
      
        
        

      

      
        78

        
          

        

      

      
        
        

      

    

    To
      the
      extent that the number of shares released from the suspense account at any
      time
      is greater than the number that would be required if the dividends paid on
      Company Stock had been used to acquire shares of Company Stock in the open
      market, the excess shall be held by the Trustee of the ESOP and released at
      the
      end of the Plan Year first, if necessary, to the Trustee of the ESOP to satisfy
      the requirements of the last sentence of the immediately preceding paragraph
      and
      thereafter to the Trustee of the Plan for an addition to the Ford Stock Fund
      and
      allocation of additional units in the Ford Stock Fund to the Accounts of
      Participants in an amount proportional to the number of Ford Stock Fund units
      in
      their Accounts.

    

    15.7        
      Application
      of Pre-Tax Contributions or Company Matching
      Contributions.
      The
      Trustee of the Plan and the Trustee of the ESOP shall apply Pre-Tax
      Contributions or Company Matching Contributions to the repayment of any loan
      described in Section 15.3(ii) and release from the suspense account for
      allocation, in accordance with Section 3.6, a number of shares of Company Stock
      equal in value as of the time of release to the Pre-Tax Contributions or Company
      Matching Contributions delivered to the Trustee of the ESOP. In the event that
      contributions for loans described in 15.3(ii) above are insufficient to pay
      any
      outstanding loan balance, the Company shall make an additional contribution
      to
      pay such insufficient amount. In the event that after the loan is repaid in
      full
      there are shares of Company Stock remaining in the suspense account, those
      shares shall be allocated in accordance with the provisions of the last
      paragraph of Section 15.6. 

    

    15.8        
      Limitation
      on Contributions for Highly Compensated Employees. Contributions
      to the ESOP for any Eligible Employee who is a highly compensated employee
      shall
      be limited to the extent required under the principles described in Section
      3.4
      hereof with respect to After-Tax Contributions and Pre-Tax
      Contributions.

    

    15.9        
      Administration
      Committee Authority.
      The
      Administration Committee is authorized to make such adjustments in the
      administration of the Plan and the ESOP as it deems necessary, appropriate
      or
      desirable to carry out the purposes and intents of this Article
      XV.

    
      
        
        

      

      
        79

        
          

        

      

      
        
        

      

    

    15.10      
      Sale
      of Company Stock in Suspense Account.
      In the
      event that any or all of the tax benefits available under the tax laws on the
      effective date hereof are restricted or eliminated, as determined by the
      Company, the Trustee of the ESOP is authorized upon direction by the Company
      to
      sell upon such terms, at such times and to such persons, as the Trustee of
      the
      ESOP in its sole discretion shall determine, any or all of the shares of Company
      Stock in the suspense account and to use the proceeds of such sale to pay all
      or
      part of the loan balance outstanding, together with interest thereon. Any excess
      shares in the suspense account at such time shall be allocated as provided
      in
      Section 15.7 hereof.

    
      
        
        

      

      
        80

        
          

        

      

      
        
        

      

    

    ARTICLE
      XVI

    

    Conditions
      on Participation of Subsidiaries of the Company

     

    The
      consent of the Company to the participation in the Plan of any Subsidiary of
      the
      Company may be conditioned upon such provisions as the Company may prescribe
      including, without limitation, conditions as to (a) the instruments to be
      executed and delivered by such Participating Employer to the Trustee, (b) the
      extent to which the Company shall act as representative of such Participating
      Employer under the Plan, (c) the rights of such Participating Employer to
      withdraw from participation in the Plan and the effect of such withdrawal upon
      the participation and Accounts in the Plan of employees of such Participating
      Employer, and (d) reimbursement of the Company on account of Company Matching
      Contributions. A Defined Contribution Plan maintained by a subsidiary that
      is
      treated as a single employer with the Company pursuant to Subsections 414(b),
      (c) and (m) of the Code may be merged with the Plan and the assets of any plan
      maintained by such a Subsidiary may be transferred to a Trust under this Plan
      in
      accordance with the provisions of any acquisition, merger or similar instrument
      executed by duly authorized officers or agents of the Company or pursuant to
      any
      other duly authorized Corporate instrument.

     

    
      
        
        

      

      
        81

        
          

        

      

      
        
        

      

    

    FORD
      MOTOR COMPANY SAVINGS AND STOCK INVESTMENT PLAN

    FOR

    SALARIED
      EMPLOYEES

    Appendix
      A

    Additional
      Mutual Funds

    

    
      	
              Life
                Stage Funds:

            	 	
              Equity
                Funds - Actively Managed -

            
	
              Fidelity
                Freedom Income Fund®

            	 	
              International:

            
	
              Fidelity
                Freedom 2000 Fund®

            	 	
              Fidelity
                Overseas Fund

            
	
              Fidelity
                Freedom 2010 Fund®

            	 	
              Morgan
                Stanley Institutional Global Value

            
	
              Fidelity
                Freedom 2020 Fund®

            	 	
              Equity
                A Fund

            
	
              Fidelity
                Freedom 2030 Fund®

            	 	
              T.
                Rowe Price International Discovery Fund

            
	
              Fidelity
                Freedom 2040 Fund3⁄4ì

            	 	
              Templeton
                Foreign A Fund

            
	 	 	 
	
              Equity
                Funds - Passively Managed:

            	 	
              Fixed
                Income:

            
	
              BGI
                EAFE Equity Index Fund

            	 	
              PIMCO
                Real Return Bond A

            
	
              Domini
                Social Equity Fund

            	 	
              PIMCO
                Total Return - Institutional Class

            
	
              U.S.
                Extended Market Index Fund

            	 	
              PIMCO
                Total Return III - Institutional Class

            
	
              Vanguard
                Institutional Index Trust -

            	 	
              T.
                Rowe Price High-Yield

            
	
              Institutional
                Plus Shares

            	 	 
	 	 	 
	
              Equity
                Funds - Actively Managed -

            	 	 
	
              Domestic:

            	 	 
	
              Fidelity
                Capital Appreciation Fund

            	 	 
	
              Fidelity
                Contrafund®

            	 	 
	
              Fidelity
                Dividend Growth Fund

            	 	 
	
              Fidelity
                Equity-Income Fund

            	 	 
	
              Fidelity
                Growth Company Fund

            	 	 
	
              Fidelity
                Magellan®
                Fund

            	 	 
	
              Fidelity
                Real Estate Investment Portfolio

            	 	 
	
              Janus
                Aspen Series Growth Portfolio - Institutional

            	 	 
	
              Neuberger
                Berman Genesis Fund - Class I 

            	 	 
	
              Oakmark
                Select I Fund

            	 	 
	
              Royce
                Low-Priced Stock Fund

            	 	 
	
              Vanguard
                Explorer Fund - Admiral Class

            	 	 

    

     

    
      
        
        

      

      
        82

        
          

        

      

      
        
        

      

    

    FORD
      MOTOR COMPANY SAVINGS AND STOCK INVESTMENT PLAN

    FOR

    SALARIED
      EMPLOYEES

    

    Appendix
      B-1

    

    Investment
      Options Closed to Contributions, Exchanges In and Loan Repayment Effective
      March
      28, 2002

    Funds
      Closed Permanently March 31, 2003

    

    
      	
              Income
                Funds:

            	 	
              International
                Funds:

            
	
              Fidelity
                International Bond Fund*

            	 	
              Fidelity
                Canada Fund

            
	
              Fidelity
                Government Income Fund

            	 	
              Fidelity
                Europe Fund

            
	
              Fidelity
                Investment Grade Bond Fund

            	 	
              Fidelity
                International Growth and

            
	
              Fidelity
                New Markets Income Fund

            	 	
              Income
                Fund

            
	
              Scudder
                Income Fund

            	 	
              Fidelity
                Pacific Basin Fund

            
	
              T.
                Rowe Price Spectrum Income Fund

            	 	
              Fidelity
                Worldwide Fund

            
	 	 	
              Scudder
                Greater Europe Growth Fund

            
	
              Growth
                and Income Funds:

            	 	
              Scudder
                International Fund

            
	
              Fidelity
                Balanced Fund

            	 	
              Scudder
                Japan Fund

            
	
              Fidelity
                Fund

            	 	
              T.
                Rowe Price International Stock

            
	
              Fidelity
                Global Balanced Fund

            	 	
              Fund

            
	
              Fidelity
                Growth & Income Portfolio

            	 	
              T.
                Rowe Price Latin America Fund

            
	
              Fidelity
                Puritan® Fund

            	 	
              T.
                Rowe Price New Asia Fund

            
	
              Fidelity
                Utilities Fund

            	 	
              Vanguard
                International Value Fund

            
	
              Scudder
                Growth & Income Fund

            	 	 
	
              T.
                Rowe Price Spectrum Growth Fund

            	 	
              Asset
                Allocation Funds:

            
	
              Vanguard
                Value Index Fund -

            	 	
              Vanguard
                LIFEStrategy -

            
	
              Institutional
                Shares

            	 	
              Conservative
                Growth Portfolio

            
	
              Fidelity
                Asset Manager: Income®

            	 	
              Vanguard
                LIFEStrategy - Moderate

            
	 	 	
              Growth
                Portfolio

            
	
              Growth
                Funds:

            	 	
              Vanguard
                LIFEStrategy - Growth

            
	
              Fidelity
                Independence Fund

            	 	
              Portfolio

            
	
              Fidelity
                Small Cap Independence Fund

            	 	
              Fidelity
                Asset Manager3⁄4ì

            
	
              Fidelity
                Stock Selector

            	 	 
	
              Fidelity
                Trend Fund

            	 	 
	
              Fidelity
                Value Fund

            	 	 
	
              Scudder
                Global Fund

            	 	 
	
              Scudder
                Global Discovery Fund

            	 	 
	
              T.
                Rowe Price New Era Fund

            	 	 
	
              T.
                Rowe Price New Horizons Fund

            	 	 
	
              Vanguard
                Growth Index Fund -

            	 	 
	
              Institutional
                Shares 

            	 	 
	
              Fidelity
                Asset Manager: Growth®

            	 	 

    

     

    
      
        
        

      

      
        83

        
          

        

      

      
        
        

      

    

    

    FORD
      MOTOR COMPANY SAVINGS AND STOCK INVESTMENT PLAN

    FOR

    SALARIED
      EMPLOYEES

    

    Appendix
      B-2

    

    Investment
      Options Closed to Contributions, Exchanges Into and Loan Repayment

    Effective
      June 1, 2004

    Funds
      Closed Permanently September 1, 2004

    

     

    Citizens
      Global Equity Institutional Fund

    

    Janus
      Aspen International Growth Fund - Institutional

    

    INVESCO
      Dynamics Fund - Investor Class

    
      
        
        

      

      
        84

        
          

        

      

      
        
        

      

    

    FORD
      MOTOR COMPANY SAVINGS AND STOCK INVESTMENT PLAN

    FOR

    SALARIED
      EMPLOYEES

    

    Appendix
      C

     

    Participating
      Employers as of December 31, 2002

    
      	 	 	
              Ford
                Motor Company

            	 
	 	 	
              Ford
                Motor Credit Company

            	 
	 	 	
              Ford
                Credit International, Inc.

            	 
	 	 	
              AAI
                Employee Services Company, LLC.

            	 
	 	 	
              Ford
                Global Technologies, LLC

            	 
	 	 	
              American
                Road Services

            	 
	 	 	
              Ford
                International Business Development, Inc.

            	 
	 	 	
              Ford
                Motor Land Services Corporation

            	 
	 	 	
              Ford
                Motor Credit Company of Puerto Rico, Inc. 

            	 
	 	 	
              Ford
                Motor Vehicle Assurance Company 

            	 
	 	 	
              Land
                Rover North America, Inc.

            	 
	 	 	
              DFO
                Holding Company

            	 

    

     

    85Exhibit 4.2

    

      Exhibit
        4.2

      

      Section
        4.2 of Article IV of the Plan was amended, effective November 6, 2006, by
        adding
        a new subsection (g) shown below and Appendix B-3, and deleting four (4)
        mutual
        funds from Appendix
        A.

      

      

      ARTICLE
        IV

      

      Investment
        Elections

      

      

      4.2 Transfer
        of Assets to Other Investment Elections.
        Except
        as is provided in Appendix A or subsection (d) or (e) of this Section 4.2,
        any
        Participant may elect, at such times, in such manner, to such extent and
        with
        respect to such assets as the Administration Committee from time to time
        may
        determine, to have the value of all or part of the Participant's vested assets
        and, effective July 1, 2004, unvested assets invested in any available
        investment election under the Plan transferred and invested in any other
        available investment election under the Plan; provided, however,
        that:

      

      
        	 	 	
                (a)

              	
                a
                  Participant may make one or more such transfer elections with respect
                  to
                  his or her Accounts during each business day, except that effective
                  June
                  1, 2000, a Participant shall not be allowed to make transfers into
                  or out
                  of the Ford Stock Fund more than five (5) times in a given month,
                  and this
                  limitation applies regardless of the number of transfers a Participant
                  may
                  have engaged in with respect to the Ford Stock Fund in any previous
                  month
                  or months. Effective December 1, 2004, a Participant may exchange
                  out of
                  the Ford Stock Fund at any time; transfers into the Ford Stock
                  Fund are
                  limited to five (5) times in a given
                  month.

              

      

      

      
        	 	 	
                (b)

              	
                a
                  Participant may make transfer elections in either a dollar amount,
                  share/unit amount or a percentage of the amount invested in such
                  investment election from which such transfer is elected, in increments
                  of
                  one percent, provided that the amount transferred is at least minimum
                  percentage from time to time specified by the Administration Committee
                  or,
                  if greater, $250.00; provided that if the amount invested in the
                  investment election from which transfer is elected is less than
                  $250.00,
                  the entire value of the assets invested in the investment election
                  from
                  which transfer is elected;

              

      

      

      
        	 	 	
                (c)

              	
                all
                  such transfer elections shall be subject to such other regulations
                  as the
                  Administration Committee may prescribe, which may specify, among
                  other
                  things, application procedures, minimum and maximum amounts that
                  may be
                  transferred, procedures for determining the value of assets the
                  subject of
                  a transfer election and other matters which may include conditions
                  or
                  restrictions applicable to transfer elections;

              

      

      

      
        	 	 	
                (d)

              	
                after
                  March 31, 2000, the Scudder International Bond Index Fund, previously
                  listed on Appendix A, ceased to be offered as an investment option.
                  From
                  April 1, 2000 through September 22, 2000, no assets could be transferred
                  into the Scudder International Bond Index Fund. On and after April
                  1,
                  2000, elections to invest assets in the Scudder International Bond
                  Index
                  Fund made prior to that date are treated as elections to invest
                  in the
                  Interest Income Fund. During said period assets could have been
                  transferred from the Scudder International Bond Index Fund into
                  any other
                  available investment election under the Plan. All assets remaining
                  in the
                  Scudder International Bond Index Fund as of the close of the New
                  York
                  Stock Exchange on September 22, 2000, were transferred into the
                  Interest
                  Income Fund; 

              

      

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
 

      
        	 	 	
                (e)

              	
                after
                  the close of the New York Stock Exchange on March 28, 2002, the
                  mutual
                  funds listed on Appendix B-1 ("Closed Funds") ceased to be offered
                  as
                  investment options under the Plan. From March 30, 2002 through
                  March 31,
                  2003, ("Sunset Period") the Closed Funds were closed to contributions,
                  exchanges in and loan repayment but assets in the Closed Fund as
                  of close
                  of the New York Stock Exchange on March 28, 2002 remained during
                  the
                  Sunset Period. Prior to the close of the New York Stock Exchange
                  on April
                  15, 2002, Participants in Closed Funds were required to make new
                  investment elections or Participant's future contributions and
                  loan
                  repayments were defaulted as described below. During the Sunset
                  Period,
                  assets could be transferred out of the Closed Funds into any other
                  available investment election under the Plan that is not a Closed
                  Fund.
                  Assets remaining in the Closed Funds as of the close of the New
                  York Stock
                  Exchange on March 31, 2003 were transferred automatically at market
                  close
                  on March 31, 2003 as described below. Assets defaulted into the
                  Interest
                  Income Fund and the Fidelity Freedom Funds may be exchanged out
                  of these
                  funds at any time;
                  and.

              

      

      

      

      
        	
                Name
                  of Closed Fund

              	
                Default
                  Investment Option

              
	
                Fidelity
                  Asset Manager: Income

              	
                Fidelity
                  Freedom Income Fund

              
	
                Fidelity
                  Asset Manager

              	
                Fidelity
                  Freedom 2010 Fund

              
	
                Fidelity
                  Asset Manager: Growth

              	
                Fidelity
                  Freedom 2020 Fund

              
	
                Vanguard
                  LifeStrategy-Conservative Growth Fund

              	
                Fidelity
                  Freedom 2010 Fund

              
	
                Vanguard
                  LifeStrategy-Moderate Growth Fund

              	
                Fidelity
                  Freedom 2020 Fund

              
	
                Vanguard
                  LifeStrategy-Growth Fund

              	
                Fidelity
                  Freedom 2030 Fund

              
	
                All
                  Other Closed Funds

              	
                Interest
                  Income Fund

              

      

      

      	(f)  	
              after
                the close of the New York Stock Exchange on August 31,2004, the mutual
                funds listed on Appendix B-2 (“Closed Funds”) ceased to be offered as
                investment options under the Plan. From June 1, 2004 through August
                31,
                2004 ("Sunset Period), these funds were closed to future contributions,
                exchanges in and loan repayments. Assets in these funds as of the
                close of
                the New York Stock Exchange on May 31, 2004 remained during the Sunset
                Period. Prior to the close of the New York Stock Exchange on May
                31, 2004,
                Participants in these funds were required to make new investment
                elections
                or else Participant's future contributions and loan repayments defaulted
                to the Interest Income Fund. During the Sunset Period, assets could
                be
                transferred out of the “Closed Funds” into any other available investment
                option in the Plan. Assets remaining in these funds as of the close
                of the
                New York Stock Exchange on August 31, 2004 were transferred automatically
                to the Interest Income Fund. Assets defaulted to the Interest Income
                Fund
                may be exchanged out at any time.

            

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

       

      	(g)  	
              after
                the close of the New York Stock Exchange on the following dates
                (collectively referred to as "Sunset Dates"), the mutual funds listed
                on
                Appendix B-3 ("Closed Funds")will cease to be offered as investment
                options under the Plan on the following dates: (a) Domini Social
                Equity
                Fund (January 8, 2007); and (b) Fidelity Magellan Fund, Morgan Stanley
                Institutional Fund, Inc., Global Value Equity Portfolio - Class A,
                and
                Vanguard Explorer fund - Admiral Class (April 2, 2007). From November
                6,
                2006 through the respective Sunset Dates ("Sunset Period"), these
                funds
                will be closed to future contributions, exchanges in and loan repayments.
                Assets in these funds as of the close of the New York Stock Exchange
                on
                November 6, 2006 will remain during the Sunset Period. Prior to the
                close
                of the New York Stock Exchange on November 6, 2006, Participants
                in these
                funds are required to make new investment elections or else Participant's
                future contributions and loan repayments will default to the Interest
                Income Fund. During the Sunset Period, assets may be transferred
                out of
                the Closed Funds to any other available investment option in the
                Plan.
                Assets remaining in these funds as of the close of the New York Stock
                Exchange on the respective Sunset Dates will be transferred automatically
                to the Interest Income Fund. Assets that default to the Interest
                Income
                Fund may be exchanged out at any time.

            

      

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      FORD
        MOTOR COMPANY SAVINGS AND STOCK INVESTMENT PLAN

      FOR

      SALARIED
        EMPLOYEES

      Appendix
        A

      Additional
        Mutual Funds

      

      
        	
                Life
                  Stage Funds:

                Fidelity
                  Freedom Income Fund®

                Fidelity
                  Freedom 2000 Fund®

                Fidelity
                  Freedom 2010 Fund®

                Fidelity
                  Freedom 2020 Fund®

                Fidelity
                  Freedom 2030 Fund®

                Fidelity
                  Freedom 2040 Fund®

                 

                Equity
                  Funds - Passively Managed:

                BGI
                  EAFE Equity Index Fund

                 

                 

                U.S.
                  Extended Market Index Fund

                 

                Vanguard
                  Institutional Index Trust -

                Institutional
                  Plus Shares

                 

                Equity
                  Funds - Actively Managed -

                Domestic:

                Fidelity
                  Capital Appreciation Fund

                Fidelity
                  Contrafund®

                Fidelity
                  Dividend Growth Fund

                Fidelity
                  Equity-Income Fund

                Fidelity
                  Growth Company Fund

                Fidelity
                  Real Estate Investment Portfolio

                Janus
                  Aspen Series Growth Portfolio - 

                Institutional
                  Class

                Neuberger
                  Berman Genesis FundÒ
                  -
                  Class I 

                Oakmark
                  Select Fund - Class I

                Royce
                  Low-Priced Stock Fund - Institutional Class

              	
                Equity
                  Funds - Actively Managed -

                International:

                Fidelity
                  Overseas Fund

                 

                T.
                  Rowe Price International Discovery Fund

                Templeton
                  Foreign Fund - Advisor Class

                 

                Fixed
                  Income:

                PIMCO
                  Real Return - Institutional Class

                PIMCO
                  Total Return - Institutional Class

                PIMCO
                  Total Return III - Institutional Class

                T.
                  Rowe Price Institutional High-Yield
                  Fund

              

      

      

       

      
 

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      FORD
        MOTOR COMPANY SAVINGS AND STOCK INVESTMENT PLAN

      FOR

      SALARIED
        EMPLOYEES

      

      Appendix
        B-3

      

      Investment
        Options Closed to Contributions, Exchanges into and Loan Repayment

      Effective
        November 6, 2006

      Funds
        Closed Permanently on Respective Dates as Reflected Below

      

      

      
        	
                Domini
                  Social Equity

              	
                January
                  8, 2007

              
	
                Fidelity
                  Magellan®
                  Fund

              	
                April
                  2, 2007

              
	
                Morgan
                  Stanley Institutional Fund, Inc., Global Value Equity Portfolio
                  - Class
                  A

              	
                April
                  2, 2007

              
	
                Vanguard
                  Explorer Fund - Admiral Class

              	
                April
                  2, 2007

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