Document:

Exhibit 10-D

    
      

    

    Exhibit
      10-D

    

    FORD
      MOTOR COMPANY

    BENEFIT
      EQUALIZATION PLAN

    (Amended
      as of October 1, 2006)

    

    

    Section
      1. Purpose.

    

    The
      purpose of this Plan is to preserve certain benefits of employees under the
      Company's tax qualified General Retirement Plan, Ford Retirement Plan and
      Savings and Stock Investment Plan for Salaried Employees by providing
      appropriate Equalization Benefits under this Plan in place of benefits which
      cannot be provided under such tax qualified plans because of limitations imposed
      by Section 415 and Section 401(a)(17) of the Internal Revenue Code of 1986,
      as
      amended.

    

    Section
      2. Definitions.

    

    As
      used
      in this Plan, the following terms shall have the following meanings,
      respectively:

    

    2.01 "BEP
      Salary Reductions"
      shall
      mean that portion of salary at the basic salary rate which would have been
      credited to an employee's account before January 1, 1985 pursuant to a salary
      reduction agreement under paragraph V-2 of the SSIP but which by reason of
      Code
      Section 415, exceeds salary reduction contributions that can be made by the
      Company on an employee's behalf under the Tax-Efficient Savings Program of
      the
      SSIP.

    

    2.02
      "Company"
      shall
      mean Ford Motor Company and such of the subsidiaries of Ford Motor Company
      as,
      with the consent of Ford Motor Company, shall have adopted this
      Plan.

    

    2.03 "Committee"
      shall
      mean the Compensation Committee of the Board of Directors of Ford Motor
      Company

    

    2.04 "Contributory
      Service"
      shall
      have the meaning given that term in the GRP. "Distribution",
      "account"
      and
"current
      market value"
      as used
      in Section 3.02 of this Plan shall have the meanings given those terms as used
      in the SSIP.

    

    2.05
      "Designated Third Party Administrator" shall
      be
      Fidelity Institutional Retirement Services Company or a successor vendor who
      the
      Company shall employ to act as record keeper to maintain employee subaccounts
      and process elections.

    

    2.06 "ERISA
      "
      shall
      mean the Employee Retirement Income Security Act of 1974, as amended from time
      to time.

    

    2.07
      "Ford Retirement Plan" or
      "FRP" shall
      mean the Ford Motor Company Retirement Plan, as amended from time to time,
      for
      salaried employees of Ford Motor Company and its participating subsidiaries,
      who
      are hired or rehired on or after January 1, 2004.

    

    2.08 
      "General Retirement Plan" or "GRP"
      shall
      mean the Ford Motor Company General Retirement Plan for Salaried and Certain
      Other Employees, as amended from time to time.

    

    2.09 
      "Internal Revenue Code" or "Code"
      shall
      mean the Internal Revenue Code of 1986, as amended from time to
      time.

    

    2.10 "Limitations"
      shall
      mean the limitations on benefits and/or contributions imposed on qualified
      plans
      by Code Sections 415 and 401(a)(17).

    

    2.11 "PBGC"
      shall
      mean the Pension Benefit Guaranty Corporation.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.12 "Savings
      and Stock Investment Plan" or "SSIP"
      shall
      mean the Ford Motor Company Savings and Stock Investment Plan for Salaried
      Employees, as amended from time to time.

    

    2.13
      "Separation From Service" shall
      mean termination from Company employment.

    

    2.14
      "Specified Employee" shall
      mean an employee of the Company who is a Key Employee as defined in Code Section
      416(i) without regard to paragraph 5 thereof. A Specified Employee shall be
      identified as of December 31st
      of each
      calendar year and shall apply to any Specified Employee who shall incur a
      Separation From Service in the 12-month period commencing January 1st
      of the
      immediately succeeding calendar year. This provision is effective for Specified
      Employees who incur a Separation From Service on or after January 1,
      2005.

    

    2.15
      "Subsidiary"
      shall
      mean, as applied with respect to any person or legal entity specified, (i)
      a
      person or legal entity with a majority of the voting stock of which is owned
      or
      controlled, directly or indirectly, by the person or legal entity specified
      or
      (ii) any other type of business organization in which the person or legal entity
      specified owns or controls, directly or indirectly, a majority
      interest.

    

    Section
      3. Equalization of Benefits.

    

    3.01 GRP
      Equalization Benefits.

    

    
      	 	
              (a)

            	
              A
                Periodic GRP Equalization Benefit shall be provided for and associated
                with each payment of a GRP benefit that is subject to the Limitations
                or
                delayed pursuant to provisions set forth in
                (b)(iii).

            

    

    

    
      	
            	(b)	
              The
                Periodic GRP Equalization Benefit:

            

    

    

    
      	
            	(i)	
              Shall
                be equal in amount to the difference between the GRP benefit and
                the
                corresponding benefit that would be payable under the GRP without
                regard
                to the Limitations. In determining the amount of the Periodic GRP
                Equalization Benefit, the member's salary shall be the member's salary
                (as
                that term is defined in the GRP) plus BEP Salary Reductions for periods
                before January 1, 1985 which are credited under this Plan pursuant
                to
                Section 3.02(a)(ii)(C) below, but the member shall not make contributions
                hereunder based on such BEP Salary
                Reductions.

            

    

    

    
      	
            	(ii)	
              Shall
                be paid monthly by the Company to the person receiving payment of
                the
                corresponding GRP benefit and, for distributions commencing on and
                after
                January 1, 2005, shall be paid commencing on the first day of the
                month
                following the date that is the later of the date the
                employee:

            

    

     

    
      	
            	1)	
              Reaches
                at least age 55 with 10 years of
                service;

            

    

    
      	
            	2)	
              Reaches
                30 years of service; 

            

    

    
      	
            	3)	
              Reaches
                age 65 or older with one year of service; or

            

    

    
      	
            	4)	
              Has
                a Separation From Service.

            

    

    

    
      	 	
              (iii)

            	
              Notwithstanding
                any other provision of the Plan to the contrary, if a Specified Employee
                incurs a Separation From Service from the Company, payment of any
                Periodic
                GRP Equalization Benefit accrued or vested after December 31, 2004,
                shall
                not commence (or be paid) earlier than the first day of the seventh
                month
                following Separation From Service. The payment delayed under this
                Section
                shall not bear interest.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              (c)

            	
              For
                distributions commencing on or before December 31, 2004, as an alternative
                to the Periodic GRP Equalization Benefit, the Company and an employee
                eligible for the Periodic GRP Equalization Benefit under this Section
                3.0l
                may agree on payment of the actuarial equivalent in a lump sum cash
                payment of such Periodic GRP Equalization Benefit, subject to the
                following conditions and such other conditions as may be determined
                by the
                Executive Vice President and Chief Financial Officer, the Senior
                Vice
                President-General Counsel and the Group Vice President-Corporate
                Human
                Resources and Labor Affairs:

            

    

    

    
      	 	 	
              (i)

            	
              The
                actuarial equivalent shall be determined on the basis of the interest
                rates and mortality tables, which would be used by the PBGC for
                determining the present value of liability for pensioners' benefits
                in the
                case of a terminated retirement plan under Title IV of ERISA and
                which are
                in effect in the month prior to the month when the employee's GRP
                benefit
                begins.

            

    

    

    
      	 	 	
              (ii)

            	
              The
                agreement must be entered into (A) prior to the year in which the
                employee's retirement occurs and (B) not later than six months before
                the
                actual retirement date; provided, however, that the requirement contained
                in Subsection (B) immediately above shall not apply to such an agreement
                entered into in l984 by the Company and an eligible employee who
                retires
                before July l, l985.

            

    

    

    
      	 	
               

            	
              (iii)

            	
              The
                agreement once entered is
                irrevocable.

            

    

    

    
      	
            	(iv)	
              Evidence
                of good health at the time of the agreement will be
                required.

            

    

    

    Payment
      under such lump sum agreement relating to distributions on or before December
      31, 2004 shall be made by the Company as soon as practicable after payment
      of
      the GRP benefit begins. 

    

    The
      GRP
      Equalization Benefits commencing on and after January 1, 2005 shall be made
      as
      periodic payments pursuant to Section 3.01(b).

    

    3.02
      Savings and Stock Investment Plan Equalization Benefits.

    

    
      	 	
              (a)

            	
              Pre-1985
                Subaccount.

            

    

    

    The
      provisions of this Subsection 3.02(a) shall apply in determining that part
      of an
      eligible employee's SSIP Equalization Benefit subaccount based on periods of
      service until December 31, 1984.

    

    
      	 	 	
              (i)

            	
              For
                an employee who made the election regarding payroll deductions provided
                in
                this Subsection, or who elected to have credited under this Plan
                BEP
                Salary Reductions, a SSIP Equalization Benefit shall be provided
                with
                respect to any class or classes of the SSIP before January 1, 1985
                with
                respect to which Company or employee contributions were subject to
                the
                Limitations.

            

    

    

    
      	 	 	
              (ii)

            	
              If
                at any time during a plan year ending before January 1, 1985 it appeared
                that contributions by or on behalf of an employee (including any
                related
                Company matching contributions) to the SSIP would be subject to the
                Limitations, such an employee may have elected to have the Company
                retain
                in its general funds and have credited for purposes of computing
                a
                member's subaccount of the SSIP Equalization Benefit under this Section
                3.02(a):

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	 	
               

            	
              (A)

            	
              by
                payroll deduction authorization under this Plan that portion of the
                amount
                the employee had elected to contribute as employee regular savings
                contributions to the SSIP for such pay period (by a payroll deduction
                authorization in effect for such pay period under paragraph IV of
                the
                SSIP) which, when added to all other actual and projected Annual
                Additions
                as defined under paragraph XXXI of the SSIP during such plan year,
                exceeded the Limitations.

            

    

    

    
      	 	 	
               

            	
              (B)

            	
              that
                portion of regular savings and related earnings which have been returned
                to the employee pursuant to the provisions of paragraph XXXI of the
                SSIP,
                and 

            

    

    

    
      	 	 	
               

            	
              (C)
                

            	
              the
                employee's BEP Salary Reductions.

            

    

    

    
      	 	
               

            	
              (iii)

            	
              There
                has been established for each eligible employee a subaccount for
                periods
                of participation under this Section 3.02(a) under the SSIP Equalization
                Benefit Account. This subaccount shall be equal to the amounts retained
                by
                the Company pursuant to Section 3.02(a)(ii) of this Plan adjusted
                on the
                basis of investment performance and the member's election as to investment
                of funds under paragraph VIII and transfer of the value of employee
                and
                Company contributions under paragraph IX of the SSIP as though
                contributions and credits to the member's account hereunder had been
                so
                invested less any withdrawals pursuant to Section 3.02(a)(iv) of
                this
                Plan; provided, however, that an election by a Company officer of
                investment in Company common stock shall not apply under this Plan
                with
                respect to contributions pursuant to Section 3.02(a)(ii) of this
                Plan
                (other than related Company matching contributions) which were made
                or
                credited hereunder by or on behalf of such Company officer; and the
                officer will be required to make any other investment election permitted
                under paragraph VIII of the SSIP with respect to such
                amounts.

            

    

    

    
      	 	 	
              (iv)

            	
              An
                employee may not withdraw any amounts in excess of the member's regular
                savings contributions under this Plan and may not borrow against
                the
                subaccount of the member's SSIP Equalization
                Benefit.

            

    

    

    
      	 	 	
              (v)

            	
              The
                SSIP Equalization Benefit under this Section 3.02(a) shall be equal
                to the
                amount at the time of distribution credited to the employee's subaccount
                of the SSIP Benefit Equalization Account as determined under Section
                3.02(a)(iii) above.

            

    

    

    
      	
            	(b)	
              Post-1984
                Subaccount.

            

    

    

    The
      provisions of this Subsection 3.02(b) shall apply in determining an eligible
      employee's SSIP Equalization Benefit subaccount based on periods of service
      beginning January l, l985.

    

    
      	 	 	
              (i)

            	
              If
                at any time during a plan year beginning on or after January 1, 1985
                contributions by or on behalf of an employee and related Company
                matching
                contributions to the SSIP are subject to the Limitations there shall
                be
                credited for purposes of computing the eligible employee's SSIP
                Equalization Benefit under this Section 3.02(b) an amount equal to
                the
                Company matching contributions which would have been made under the
                SSIP
                based upon the employee's SSIP elections except that such Company
                matching
                contributions cannot be made because of the Limitations. For periods
                on or
                after October 1, 1995, the Company Matching Contributions shall be
                made in
                the form of units in the Ford Stock Fund rather than shares of Ford
                common
                stock.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(ii)	
              There
                shall be established for each eligible employee a subaccount for
                periods
                of participation under this Section 3.02(b) under the SSIP Equalization
                Benefit Account. For periods prior to May 1, 1996, this subaccount
                shall
                be equal to the amounts credited by the Company pursuant to Section
                3.02(b)(i) of this Plan adjusted on the basis of investment performance
                and any election by the member to transfer the value of matured Company
                matching contributions under paragraph 4.2 of the SSIP, as though
                credits
                to the member's account hereunder had been so invested. For periods
                May 1,
                1996 and after, this subaccount shall be equal to the amounts credited
                by
                the Company pursuant to Section 3.02(b)(i) of this Plan and adjusted
                on
                the basis of investment performance attributable to any separate
                investment election made by an eligible employee (other than a Company
                officer) on or after May 1, 1996. The investment options for managing
                the
                sub account shall be identical to the investment options specified
                in
                Article VIII of the SSIP, although they will have separate fund codes.
                Any
                BEP credits earned will be based on the investment options available
                under
                Article VIII of the SSIP. The Designated Third Party Administrator
                will
                maintain the accounts and process the elections and otherwise be
                the
                recordkeeper with respect to this subaccount. Company officers with
                this
                subaccount are not eligible to reallocate or transfer credits under
                the
                subaccount from the Ford Stock Fund to other investment options,
                or from
                other investment options to the Ford Stock
                Fund.

            

    

    

    
      	 	
               

            	
              (iii)

            	
              An
                employee may not withdraw any amounts credited under this Section
                3.02(b)
                and may not borrow against this subaccount of the member's SSIP
                Equalization Benefit. This subaccount will not accept rollovers from
                other
                plans.

            

    

    

    
      	 	 	
              (iv)

            	
              The
                SSIP Equalization Benefit under this Section 3.02(b) shall be equal
                to the
                amount at the time of distribution credited to the employee's subaccount
                of the SSIP Benefit Equalization Account as determined under Section
                3.02(b)(ii) above.

            

    

    

    
      	
            	(v)	
              In
                the event of death of an eligible employee with an SSIP Benefit
                Equalization subaccount, the balance of the subaccount shall be payable
                to
                the same beneficiary as the eligible employee has designated under
                Article
                XIV of the SSIP unless the eligible employee makes a separate designation
                under this Plan pursuant to the rules established by the
                Committee.

            

    

     

    
      	 	
              (c)

            	
              Payment
                of SSIP Equalization
                Benefit.

            

    

    

    The
      SSIP
      Equalization Benefit:

    

    
      	
            	(i)	
              Shall
                be paid in a lump sum cash payment by the Company to the employee
                or, if
                the employee is deceased, to the employee's beneficiary under the
                SSIP,
                and shall be made as soon as practicable after the earlier of death
                or
                Separation From Service.

            

    

    

    
      	
            	(ii)	
              Notwithstanding
                any other provision of the Plan to the contrary, if a Specified Employee
                incurs a Separation From Service, payment of the amount credited
                to their
                SSIP Equalization Benefit sub account, accrued or vested after
                December
                31, 2004 shall be paid no earlier than the first day of the seventh
                month
                following Separation From Service. Any distribution delayed under
                this
                Section shall not bear interest. Specified Employees will be permitted
                to
                continue to manage their investment elections in their sub account
                during
                the six-month delay and the Company assumes no responsibility for
                resulting gains or losses.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	3.03  	
              Ford
                Retirement Plan (FRP) Equalization
                Benefits

            

    

    

    
      	(a)	
              FRP
                Subaccount.

            

    

     

    The
      provisions of this Subsection 3.03(a) shall apply in determining an eligible
      employee's FRP Equalization Benefit for periods of service beginning on or
      after
      January 1, 2004.

    

    
      	
            	(i)	
              The
                Company shall establish a book entry account for each eligible employee
                for purposes of computing the employee's FRP Equalization Benefit
                under
                this Section 3.03. The eligible employee's FRP Equalization Benefit
                under
                this Subsection 3.03(a) shall be equal to the amount(s) credited
                to the
                book entry account at the time of
                distribution.

            

    

    

    
      	
            	(ii)	
              If,
                at any time during a plan year beginning on or after January 1, 2004,
                contributions made to the FRP on behalf of an eligible employee are
                limited due to the application of the Limitations, there shall be
                credited
                to the book entry account established for the employee pursuant to
                this
                Subsection 3.03(a) an amount equal to the amount of Company contributions
                that would have been made under the FRP on behalf of the employee
                but for
                the application of the Limitations.

            

    

    

    
      	
            	(iii)	
              Each
                eligible employee's book entry account also will be credited or debited
                with amounts determined based on investment options selected by the
                eligible employee under this Subsection 3.03(a)(iii). The investment
                options available for selection under this Subsection 3.03(a)(iii)
                shall
                be identical to the investment options available under the FRP, but
                will
                have separate fund codes. Each eligible employee shall select which
                investment options are to be used in determining the employee's FRP
                Equalization Benefit. In the absence of an investment selection by
                an
                eligible employee, the employee's book entry account will be credited
                or
                debited with amounts based on the appropriate Fidelity Freedom Fund
                offered under the FRP as identified by the Company for the employee.
                The
                Designated Third Party Administrator will maintain a record of each
                book
                entry account, process investment selections, and otherwise be the
                record
                keeper of the book entry accounts. Investment options selected under
                this
                Section 3.03 shall be used solely for purposes of determining an
                eligible
                employee's FRP Equalization Benefit. An eligible employee's FRP
                Equalization Benefit will be based on the value of the eligible employee's
                book entry account as if the amounts in the book entry account had
                been
                invested in actual investments selected by the employee; however,
                no such
                investments shall be made on behalf of the eligible employee. Eligible
                employees shall not have voting rights or any other ownership rights
                with
                respect to any investment options selected as the measuring mechanism
                for
                book entry accounts established under this Section 3.03.
                

            

    

    

    
      	
            	(iv)	
              Employees
                may not withdraw or borrow against amounts credited to any book account
                under this Subsection 3.03(a). Book entry accounts will not accept
                rollovers from other plans.

            

    

     

    
      	(b)	
              Payment
                of FRP Equalization
                Benefit.

            

    

     

    The
      FRP
      Equalization Benefit:

    

    
      	
            	(i)	
              Shall
                be paid in a lump sum cash payment by the Company to the eligible
                employee
                or, if the eligible employee is deceased, to the eligible employee's
                beneficiary under the FRP, and shall be made as soon as practicable
                after
                the earlier of the eligible employee's death or Separation From Service.
                In the event of the death of an eligible employee with a FRP Benefit
                Equalization book entry account, the balance of the book entry account
                shall be payable to the same beneficiary as the eligible employee
                designated under Article XII of the FRP, unless the eligible employee
                makes a separate designation under this Plan pursuant to the rules
                established by the Committee.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	
            	(ii)	
              Notwithstanding
                any other provision of the Plan to the contrary, if a Specified Employee
                incurs a Separation From Service, payment of any amount credited
                to the
                Specified Employee's FRP Equalization Benefit book entry account,
                accrued
                or vested after December 31, 2004, shall not be made earlier than
                the
                first day of the seventh month following Separation From Service.
                The FRP
                Equalization Benefit under this Subsection 3.03(b) shall be equal
                to the
                amount credited to the eligible employee's book entry account at
                the time
                of distribution as determined under Subsection 3.03(a). Specified
                Employees will be permitted to continue to manage their book entry
                accounts during the six-month delay and the Company assumes no
                responsibility for resulting gains and/or
                losses.

            

    

    

    Section
      4. Equalization Benefits Not Funded.

    

    The
      Company's obligations under this Plan shall not be funded and Equalization
      Benefits under this Plan shall be payable only out of the general funds of
      the
      Company.

    

    Section
      5. Amendment, Termination, Etc.

    

    The
      Board
      of Directors of the Company shall have the right at any time to amend, modify,
      discontinue or terminate this Plan in whole or in part; provided, however,
      that
      no such action shall deprive any person of an Equalization Benefit under this
      Plan in respect of any GRP benefit or any SSIP benefit to which the member's
      rights shall have become vested (under the vesting provisions of the applicable
      Plans, without regard to any provisions limiting benefits or contributions)
      prior to the date of such action by the Board of Directors.

    

    Section
      6. Administration and Interpretation of the Plan.

    

    Full
      authority to administer and interpret this Plan shall be vested in the
      Compensation Committee of the Board of Directors of the Company. The Committee
      is authorized from time to time to establish such rules and regulations as
      it
      may deem appropriate for the proper administration of the Plan, and to make
      such
      determinations under, and such interpretations of, and to take such steps in
      connection with, the Plan as it may deem necessary or advisable. Each
      determination, interpretation, or other action by the Committee shall be in
      its
      sole discretion and shall be final, binding and conclusive for all purposes
      and
      upon all persons.

    

    References
      to Articles, Sections or paragraphs of the Code or of the GRP or of the SSIP
      shall be applicable to any corresponding provision of the Code or of the
      applicable plans containing essentially the same Limitations, in the event
      that
      the applicable Code or plan provisions shall be renumbered.

     

    Section
      7. Local Payment Authorities

    

    The
      Vice
      President and Treasurer and the Assistant Treasurer (or in the event of a change
      in title, their functional equivalent) may act individually to delegate
      authority to administrative personnel to make benefit payments to employees
      in
      accordance with plan provisions.

    

    Section
      8. Deductions

    

    The
      Company may deduct from any Benefit Equalization payment to an eligible employee
      all amounts owing to it by such eligible employee for any reason, and all taxes
      required by law or government regulation to be deducted or
      withheld.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
      9. Visteon Corporation.

    

    The
      following shall be applicable to employees of Ford who were transferred to
      Visteon Corporation on April 1, 2000 ("U.S. Visteon Employees") and who ceased
      active participation in the Plan as of June 30, 2000 after Visteon Corporation
      was spun-off from Ford, June 28, 2000.

    

    
      	
            	(a)	
              Group
                I and Group II Employees

            

    

    

    
      	 	
              For
                purposes of this paragraph, a "Group I Employee" shall mean a U.S.
                Visteon
                Employee who as of July 1, 2000 was eligible for immediate normal
                or
                regular early retirement under the provisions of the GRP as in effect
                on
                July 1, 2000. A "Group II Employee" shall mean a U.S. Visteon Employee
                who
                (i) was not a Group I Employee; (ii) had as of July 1, 2000 a combination
                of age and continuous service that equals or exceeds sixty (60) points
                (partial months disregarded); and (iii) could become eligible for
                normal
                or regular early retirement under the provisions of the GRP as in
                effect
                on July 1, 2000 within the period after July 1, 2000 equal to the
                employee's Ford service as of July 1, 2000. A Group I or Group II
                Employee
                shall retain eligibility to receive a GRP Equalization Benefit and/or
                a
                SSIP Equalization Benefit and shall receive such benefits as are
                applicable under the terms of the Plan in effect on the retirement
                date,
                based on meeting eligibility criteria as of July 1, 2000 with respect
                to
                GRP or SSIP participation prior to July 1, 2000 and upon incurring
                a
                Separation From Service from Visteon, or from the Company for Group
                I or
                II Employees who return to Company employment pursuant to the Visteon
                Salaried Employee Transition Agreement dated as of October 1, 2005
                and any
                subsequent amendments thereto.

            

    

     

    
      	
            	(b)	
              Group
                III Employees.

            

    

    

    
      	 	
              For
                purposes of this paragraph, a "Group III Employee" shall mean a U.S.
                Visteon Employee who participated in the GRP prior to July 1, 2000
                other
                than a Group I or Group II Employees. The Plan shall have no liability
                for
                a GRP Equalization Benefit and/or a SSIP Equalization Benefit payable
                to
                Group III Employees who were otherwise eligible hereunder with respect
                to
                GRP or SSIP participation prior to July
                1, 2000 on or after July 1, 2000. 

            

    

    

    Section
      10. Code
      Section 409A.

    

    With
      respect to benefits accrued or vested after December 31, 2004, the Company
      reserves the right to take such action, on a uniform basis, as the Company
      deems
      necessary or desirable to ensure compliance with Code Section 409A, and
      applicable additional regulatory guidance thereunder, or to achieve the goals
      of
      the Plan without having adverse tax consequences under this Plan for any
      employee or beneficiary.

     

    After
      receipt of Plan benefits accrued or vested after December 31, 2004, the
      obligations of the Company with respect to such benefits shall be satisfied
      and
      no employee, surviving spouse, or beneficiary shall have any further claims
      against the Plan or the Company with respect to Plan benefits accrued or vested
      after December 31, 2004.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
      11. Claim for Benefits

    

    Denial
      of a Claim

    

    A
      claim
      for benefits under the plan shall be submitted in writing to the plan
      administrator. If a claim for benefits or participation is denied in whole
      or in
      part by the plan administrator, the employee will receive written notification
      within a reasonable period from the date 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 on the date sent electronically to the
      employee. If the plan administrator determines that an extensive period of
      time
      for processing is required, written notice shall be furnished to the employee
      as
      soon as practical.

    

    Review
      of Denial of the Claim to the Committee

    

    In
      the
      event that the plan administrator denies a claim for benefits or participation,
      the employee may request a review by filing a written appeal to the Committee
      within sixty (60) days of receipt of the written notification of denial. The
      appeal will be considered at the Committee's next scheduled meeting. Under
      special circumstances an extension of time for processing may be required in
      which case a decision shall be rendered as soon as practical. In the event
      such
      an extension is needed, written notice shall be provided to the
      employee.

    

    Decision
      of the Committee

    

    The
      decision on review of the appeal shall be in writing. Such notice shall be
      deemed given upon mailing, full postage prepaid in the United States mail or
      on
      the date sent electronically to the retired employee. Decisions of the Committee
      are final and conclusive and are only subject to the arbitrary and capricious
      standard of judicial review.

    

    Limitations
      Period

    

    No
      legal
      action for benefits under the plan may be brought against the plan until after
      the claims and appeal procedures have been exhausted. Legal actions under the
      plan for benefits must be brought no later than two (2) years after the claim
      arises. No other action may be brought against the plan more than six (6) months
      after the claim arises.Exhibit 10-F

    
      

    

     

    Exhibit
      10-F

    

    SUPPLEMENTAL
      EXECUTIVE RETIREMENT PLAN

    

    As
      applicable to retirements of Eligible Executives on or after January 1,
      19921 

    Amended
      through October 1, 2006

    

    Section
      1. Introduction.  On
      January 1, 1985, the Company established this Plan for the purpose of providing
      Eligible Executives, hired or rehired prior to January 1, 2004, with a monthly
      Supplemental Benefit for their lifetime in the event of their retirement from
      employment with the Company under certain circumstances. The Plan also provides
      for the award of Conditional Annuities and Pension Parity Benefits to selected
      Eligible Executives under certain circumstances.

    

    Section
      2. Definitions.  As
      used
      in the Plan, the following terms shall have the following meanings,
      respectively:

    

    2.01
      "Affiliate" 
      shall mean, as applied with respect to any person or legal entity specified,
      a
      person or legal entity that directly or indirectly, through one or more
      intermediaries, controls or is controlled by, or is under common control with,
      the person or legal entity specified.

    

    2.02
      " Annual Incentive Compensation Plan" 
      shall mean the Annual Incentive Compensation Plan of Ford Motor Company, as
      it
      may be amended.

    

    2.03
      "Committee" 
      shall mean the Compensation Committee of Ford Motor Company.

    

    2.04
      "Company" 
      shall mean Ford Motor Company and such of the subsidiaries of Ford Motor Company
      as, with the consent of Ford Motor Company, shall have adopted this
      Plan.

    

    2.05
      "Credited
      Service" 
      shall mean, without duplication, the years and any fractional year of credited
      service at retirement, not exceeding one year for any calendar year, of the
      Eligible Executive under all the Retirement Plans.

    

    2.06
      "Designated
      Beneficiary"
      shall
      mean the beneficiary or beneficiaries designated by an Eligible Executive or
      Eligible Retired Executive in a writing filed with the Company (subject to
      such
      limitations as to the classes and number of beneficiaries and contingent
      beneficiaries and such other limitations as the Committee may prescribe) to
      receive, in the event of the death of the Eligible Executive or Eligible Retired
      Executive, the Death Benefits provided in Section 4.04. An Eligible Executive
      or
      Eligible Retired Executive shall be deemed to have designated as beneficiary
      or
      beneficiaries under the Plan the person or persons who receive such Eligible
      Executive's or Eligible Retired Executive's life insurance proceeds under the
      Company-paid Basic Life Insurance Plan, unless such Eligible Executive or
      Eligible Retired Executive shall have assigned such life insurance proceeds,
      in
      which event the Death Benefits shall be paid to such assignee; provided,
      however, that if the Eligible Executive or Eligible Retired Executive shall
      have
      filed with the Company a written designation of a different beneficiary or
      beneficiaries under the Plan, such beneficiary form shall control. An Eligible
      Executive or Eligible Retired Executive may from time to time revoke or change
      any such designation of beneficiary and any designation of beneficiary under
      the
      Plan shall be controlling over any testamentary or other disposition; provided,
      however, that if the Committee shall be in doubt as to the right of any such
      beneficiary to receive any payment under the Plan, the same may be paid to
      the
      legal representatives of the Eligible Executive or Eligible Retired Executive,
      in which case the Company, the Committee and the members thereof shall not
      be
      under any further liability to anyone.

    

      
        

      

    

    1See
      Appendix A for provisions applicable to retirements of Eligible Executives
      on or
      after January 1, 1985 and prior to January 1, 1992 or retirements of Eligible
      Executives from certain former Company Affiliates.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.07
      "Eligible
      Executive"
      shall
      mean a person who is the Executive Chairman, Chief Executive Officer, an
      Executive Vice President, a Group Vice President or a Vice President of the
      Company (excluding any such person who is an employee of a foreign Affiliate
      of
      the Company) or a Company employee in Leadership Level Four or above, or its
      equivalent, (but for periods prior to July 1, 1996, excluding a Company employee
      who is an employee of Jaguar Cars, a division of the Company). 

    

    2.08
      "Eligible
      Retired Executive"
      shall
      mean

    

    
      	 	
              (a)
                with respect to Supplemental Benefits, an Eligible Executive
                who

            

    

    

    
      	 	
              (1)
                retires directly from Company employment (i) on normal or disability
                retirement or (ii) with the approval of the Company at or after age
                55 on
                early retirement;

            

    

    

    
      	 	
              (2)
                will receive a normal, disability or early retirement benefit under
                one or
                more Retirement Plans;

            

    

    

    
      	 	
              (3)
                has at least ten years of Credited Service without duplication under
                all
                Retirement Plans; and

            

    

    

    
      	 	
              (4)
                has at least five continuous years of Eligibility Service immediately
                preceding retirement (unless the eligibility condition set forth
                in this
                subparagraph (4) is waived by the Chairman of the Board or the President
                and Chief Executive Officer).

            

    

    

    
      	 	
              (b)
                with respect to Conditional Annuity awards and Pension Parity Benefits,
                an
                Eligible Executive (other than an Eligible Executive in Leadership
                Levels
                Four through Two or its equivalent) who retires directly from Company
                employment, (i) on normal or disability retirement or (ii) with the
                approval of the Company at or after age 55 on early
                retirement.

            

    

    

    2.09
      "Eligible
      Surviving Spouse"
      shall
      mean, for purposes of the Pension Parity Surviving Spouse Benefit, a surviving
      spouse to whom an Eligible Retired Executive has been married at least one
      year
      at the date of the Eligible Retired Executive's death.

    

    2.10
      "Eligibility
      Service"
      shall
      mean Company service while an Eligible Executive.

    

    2.11
      "FE&R"
      shall
      mean Ford Electronics and Refrigeration LLC, but for periods prior to February
      1, 1999 shall mean Ford Electronics and Refrigeration Corporation.

    

    2.12
      "FE&R
      Retirement Plan"
      means
      FE&R Section of the GRP, applicable to salaried employees, as it may be
      amended.

    

    2.13
      "Final
      Five Year Average Base Salary"
      means
      the average of the final five year-end Monthly Base Salaries immediately
      preceding retirement of the Eligible Retired Executive.

    

    2.14
      "Final
      Three Year Average Base Salary"
      means
      the average of the final three year-end Monthly Base Salaries immediately
      preceding retirement or death of the Eligible Retired Executive.

     

    2.15
      "General
      Retirement Plan"
      or
      "GRP"
      means
      the Ford Motor Company General
      Retirement Plan, as it may be amended.

     

    2.16
      "Internal Revenue Code" or "Code" shall
      mean the Internal Revenue Code of 1986, as amended from time to
      time.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    2.17
      "Monthly
      Base Salary"
      of an
      Eligible Executive means the monthly base salary paid to such person while
      an
      Eligible Executive on December 31, prior to giving effect to any salary
      reduction agreement pursuant to an employee benefit plan, as defined in Section
      3(3) of the Employee Retirement Income Security Act of 1974, as amended, (i)
      to
      which Code Section 125 or Code Section 402(e)(3) applies or (ii) which provides
      for the elective deferral of compensation. It does not include supplemental
      compensation or any other kind of extra or additional compensation.

    

    2.18
      "Plan"
      means
      the Supplemental Executive Retirement Plan of Ford Motor Company, as
      amended.

    

    2.19
      "Retirement
      Plans"
      includes the General Retirement Plan and the FE&R Retirement Plan for
      periods prior to July 1, 2000.

    

    2.20
      "Separation From Service" shall
      mean termination from Company employment.

    

    2.21
      "Specified Employee"
      shall
      mean an employee of the Company who is a Key Employee as defined in Code Section
      416(i) without regard to paragraph 5 thereof. A Specified Employee shall be
      identified as of December 31st
      of each
      calendar year and shall apply to any Specified Employee who shall incur a
      Separation From Service in the 12-month period commencing January 1st
      of the
      immediately succeeding calendar year. This provision is effective for Specified
      Employees who incur a Separation From Service on or after January 1,
      2005. 

    

    2.22
      "Subsidiary"
      shall
      mean, as applied with respect to any person or legal entity specified, (i)
      a
      person or legal entity a majority of the voting stock of which is owned or
      controlled, directly or indirectly, by the person or legal entity specified
      or
      (ii) any other type of business organization in which the person or legal entity
      specified owns or controls, directly or indirectly, a majority
      interest.

    

    Section
      3. Supplemental Benefits.

    

    3.01
      Eligibility.
      An
      Eligible Retired Executive shall be eligible to receive a Supplemental Benefit
      as provided herein.

    

    3.02
      Amount of Supplemental Benefit.

    

    (a)
      Subject to any reductions pursuant to Subsection (b) below and to any
      limitations and reductions pursuant to other provisions of the Plan, the monthly
      Supplemental Benefit shall be an amount equal to the Eligible Executive's Final
      Five Year Average Base Salary multiplied by the Eligible Executive's years
      of
      Credited Service at retirement, and further multiplied by the Applicable
      Percentage based on the Eligible Executive's position or salary grade
      immediately preceding retirement, as follows:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    For
      retirements on or after January 1, 1992 but prior to August 1, 1995

    

    
      	
              Status
                at Retirement

            	 	
              Applicable
                Percentage

            	 
	 	 	 	 
	
              Chairman,
                Vice Chairman, President

            	 	 	
              .90%

            	
               

            
	
              Executive
                Vice President

            	 	 	
              .80%

            	
               

            
	
              Vice
                President

            	 	 	
              .70%

            	
               

            
	
              Non-Vice
                Presidents

            	 	 	
               

            	 
	
              -
                Salary Grade 21, 20, 19

            	 	 	
              .60%

            	
               

            
	
              -
                Salary Grade 18, 17, 16

            	 	 	
              .40%

            	
               

            
	
              -
                Salary Grade 15, 14, 13

            	 	 	
              .20%

            	
               

            

    

    

    

    For
      retirements on or after August 1, 1995 but prior to February 1,
      2000

    

    
      	
              Status
                at Retirement

            	 	
              Applicable
                Percentage

            	 
	 	 	 	 
	
              Vice
                President Band 

            	 	 	 
	
              -
                Chairman, Vice Chairman, President

            	 	 	
              .90%

            	
               

            
	
              -
                Executive Vice President

            	 	 	
              .80%

            	
               

            
	
              -
                Group Vice President

            	 	 	
              .75%

            	
               

            
	
              -
                Vice President

            	 	 	
              .70%

            	
               

            
	
              Non-Vice
                President

            	 	 	
               

            	 
	
              -
                General Executive Band

            	 	 	
              .60%

            	
               

            
	
              -
                Executive Band

            	 	 	
              .40%

            	
               

            
	
              -
                Salary Grade 15, 14, 13

            	 	 	
              .20%

            	
               

            

    

    

    

    For
      retirements on or after February 1, 2000

    

    
      	
              Status
                at Retirement

            	 	
              Applicable
                Percentage

            	 
	 	 	 	 
	
              Leadership
                Level One

            	 	 	 
	
              -
                Executive Chairman, Vice Chairman, President

            	 	 	
              .90%

            	
               

            
	
              -
                Executive Vice President

            	 	 	
              .80%

            	
               

            
	
              -
                Group Vice President

            	 	 	
              .75%

            	
               

            
	
              -
                Vice President

            	 	 	
              .70%

            	
               

            
	 	 	 	
               

            	 
	 	 	 	
               

            	 
	
              Leadership
                Level Two2

            	 	 	
               

            	 
	
              -
                Standard Benefit

            	 	 	
              .40%

            	
               

            
	
              -
                Non-standard Benefit3 

            	 	 	
              .60%

            	
               

            
	
              Leadership
                Level Three

            	 	 	
              .20%

            	
               

            
	
              Leadership
                Level Four

            	 	 	
              .20%

            	
               

            

    

    

      
        

      

    

    2 General
      Executive Band Eligible Executives who, on or after January 1, 2000 were
      reclassified as Leadership Level Two Employees, shall retain their entitlement
      to the .60% Applicable Percentage regardless of the
      reclassification.

    3The
      non-standard benefit will be available for Leadership Level Two Eligible
      Executives only upon approval of the
      Executive Chairman , Executive Vice President and Chief Financial Officer and
      Group Vice President- Corporate Human Resources and Labor
      Affairs.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)
      For
      an Eligible Retired Executive who shall retire before age 62 the monthly
      Supplemental Benefit payable hereunder shall equal the amount calculated in
      accordance with the immediately preceding Subsection (a) reduced by 5/18 of
      1%
      multiplied by the number of months from the later of the date the Supplemental
      Benefit commences or age 55 in the case of earlier receipt by reason of
      disability retirement to the first day of the month after the Eligible Retired
      Executive would attain age 62.

    

    
      	
            	3.03	
              Payments. 

            

    

     

    (a)   Subject
      to the earning-out conditions set forth in Section 6, Supplemental Benefits,
      in
      the amount determined under Section 3.02, shall be payable out of the Company's
      general funds monthly beginning:

     

    
      	
            	 	
              (i) on
                the first day of the month when the Eligible Retired Executive's
                retirement benefit under any Retirement Plan or under the Company's
                Executive Separation Allowance Plan begins;
                or

            

    

     

    
      	 	
              (ii) for
                distributions commencing on or after January 1, 2005, on the first
                day of
                the month following the date that is the later of the date on which
                the
                Eligible Executive:

            

    

    

    
      	
            	1)	
              reaches
                at least age 55 with 10 years of service; or

            

    

    
      	
            	2)	
              has
                a Separation From Service.

            

    

     

    (b)   Notwithstanding
      any other provisions of the Plan to the contrary, if a Specified Employee incurs
      a Separation From Service, payment of any Supplemental Benefit accrued or vested
      after December 31, 2004 shall not commence (or be paid) earlier than the first
      day of the seventh month following the Separation From Service. The payment
      delayed under this Section shall not bear interest. 

     

    (c)   Payments
      to an Eligible Retired Executive hereunder shall cease at the end of the month
      in which the Eligible Retired Executive dies.

    

    Section
      4. Conditional Annuities.

     

    4.01
      Eligibility.
      The
      Committee may, in its discretion, award to an Eligible Executive (other than
      an
      Eligible Executive in Leadership Levels Four through Two or its equivalent)
      additional retirement income in the form of a Conditional Annuity.

     

    4.02
      Amount of Conditional Annuity.

     

    (a)
      In
      determining the amount of any Conditional Annuity to be awarded to an Eligible
      Executive for any year, the Committee shall consider the Company's profit
      performance and the amount that is awarded to such Eligible Executive for such
      year under the Annual Incentive Compensation Plan. Awards shall be made only
      for
      years in which the Committee has decided, for reasons other than individual
      or
      corporate performance or termination of employment, to make an award to an
      Eligible Executive under the Annual Incentive Compensation Plan which is less
      than would have been awarded if the historical relationship to awards to other
      executives had been followed.

     

    (b)
      The
      aggregate annual amount payable under the Conditional Annuities awarded to
      any
      Eligible Executive shall not exceed an amount equal to the Applicable Percentage
      of the average of such Eligible Executive's Final Three Year Average Base
      Salary, determined in accordance with the following table:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	 	
              Applicable
                Percentage

            	 
	
              Number
                of Years for which a Conditional
                Annuity is awarded

            	 	
              Chairman,
                Vice Chairman
                and President

            	 	
              All
                Other Eligible
                Executives

            	 
	 	 	 	 	 	 
	
              1

            	
               

            	
               

            	
              30%

            	
               

            	
               

            	
              20%

            	
               

            
	
              2

            	
               

            	
               

            	
              35

            	
               

            	
               

            	
              25

            	
               

            
	
              3

            	
               

            	
               

            	
              40

            	
               

            	
               

            	
              30

            	
               

            
	
              4

            	
               

            	
               

            	
              45

            	
               

            	
               

            	
              35

            	
               

            
	
              5
                or more

            	
               

            	
               

            	
              50

            	
               

            	
               

            	
              40

            	
               

            

    

    

    The
      percentage shall be reduced pro rata to the extent that service at retirement
      is
      less than 30 years.

    

    4.03
      Payments.

    

    (a)   Subject
      to the earning-out conditions set forth in Section 6, Conditional Annuities,
      in
      the amount determined under Section 4.02, shall be payable to an Eligible
      Executive out of the Company's general funds monthly beginning:

    

    
      	 	
              (i)
                  on
                the first day of the month when the Eligible Retired Executive's
                retirement benefit under any Retirement Plan or under the Company's
                Executive Separation Allowance Plan begins;
                or

            

    

    

    
      	 	
              (ii)  for
                distributions commencing on or after January 1, 2005, on the first
                day of
                the month following the date that is the later of the date on which
                the
                Eligible Executive:

            

    

    

    
      	
            	1)	
              reaches
                at least age 55 with 10 years of service; or

            

    

    
      	
            	2)	
              has
                a Separation From Service.

            

    

     

    (b)   Notwithstanding
      any other provisions of the Plan to the contrary, if a Specified Employee incurs
      a Separation From Service, payment of any Conditional Annuities accrued or
      vested after December 31, 2004 shall not commence (or be paid) earlier than
      the
      first day of the seventh month following the Separation From Service. The
      payment delayed under this Section shall not bear interest. 

     

    (c)   Except
      as
      provided in Section 4.04, payments with respect to an Eligible Retired Executive
      hereunder shall cease at the end of the month in which such Eligible Retired
      Executive dies.

     

           
      (d)   For
      an
      Eligible Executive who retires before age 65, the monthly payment under any
      Conditional Annuity awarded to such Eligible Executive shall equal the actuarial
      equivalent (based on factors determined by the Company's independent consulting
      actuary) of the monthly amount payable for retirement at age 65.

    

    4.04
      Death Benefits.
      Upon
      death before retirement but at or after age 55, the Eligible Executive's
      Designated Beneficiary shall be paid a lump sum equal to 30 times (representing
      30 months) the aggregate monthly amount payable under such Eligible Executive's
      Conditional Annuities if the Eligible Executive had been age 55 at death,
      increased by one-third of one month for each full month by which such Eligible
      Executive's age at death shall exceed age 55. If death occurs within 120 months
      following retirement, the monthly payments under the Conditional Annuity shall
      be continued to the Designated Beneficiary for the remaining balance of the
      120
      month period following retirement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      5. Pension Parity Benefits.

    

    Section
      5.01 Eligibility.
      For
      retirements on or after October 1, 1998, an Eligible Retired Executive at Ford
      Motor Company (U.S.) or Ford Motor Credit Company (U.S.) who held the position
      of a Vice President or above at Ford Motor Company (U.S.) immediately prior
      to
      retirement and who had service with a subsidiary, including an international
      subsidiary, at any time prior to becoming an employee of Ford Motor Company
      (U.S.) or Ford Motor Credit Company (U.S.) shall be eligible to receive a
      Pension Parity Benefit as provided below.

    

    Section
      5.02 Amount of Pension Parity Benefit.
      The
      monthly Pension Parity Benefit shall be an amount equal to the difference
      between (i) and (ii), where (i) is the amount of the monthly retirement benefit
      which would be payable under the GRP, the Executive Separation Allowance Plan
      ("ESAP"), the Benefit Equalization Plan ("BEP"), and the Select Retirement
      Plan
      ("SRP") if all of the Eligible Retired Executive's years of service under the
      GRP/ESAP/BEP/SRP and each of the subsidiary's retirement plans were counted
      as
      years of contributory service under the GRP/ESAP/BEP/SRP and (ii) is the amount
      of monthly retirement benefit that is or was payable under the GRP/ESAP/BEP/SRP,
      under the subsidiary's retirement plans, under this Plan as a Supplemental
      Benefit or a Conditional Annuity, if applicable, or under any other plan
      sponsored by a subsidiary which provided pension-type benefits (and if such
      benefits were paid in a lump sum as a termination benefit, this Plan shall
      convert the lump sum into an actuarial equivalent annuity (as determined by
      an
      independent actuary appointed by Ford Motor Company) payable in the same form
      as
      the GRP pension payable to the Eligible Retired Executive, or as was otherwise
      required pursuant to a qualified domestic relations order for purposes of
      determining the appropriate offset.)

    

    Section
      5.03 Pension Parity Surviving Spouse Benefits.
      An
      Eligible Surviving Spouse shall be entitled to receive a monthly Pension Parity
      Surviving Spouse Benefit upon the death of the Eligible Retired Executive in
      an
      amount equal to the difference between (i) and (ii), where (i) is the actuarial
      equivalent (as determined by an independent actuary appointed by Ford Motor
      Company) of the amount of the monthly survivor's benefit that would be payable
      under the GRP, the ESAP, the BEP, and the SRP if all of the Eligible Retired
      Executive's years of service under the GRP/ESAP/BEP/SRP and each of the
      subsidiary's retirement plans were counted as years of contributory service
      under the GRP/ESAP/BEP/SRP and (ii) is the actuarial equivalent (under the
      method described in (i) above) of the amount of the monthly survivor's benefit
      that is or was payable under the GRP/ESAP/BEP/SRP, under Section 4.04 if the
      Designated Beneficiary was an Eligible Surviving Spouse, under the subsidiary's
      retirement plans, or under any other plan sponsored by a subsidiary which
      provided pension-type survivor benefits.

     

    Section
      5.04 Payment. 

    

    (a)   Subject
      to the earning-out conditions set forth in Section 6, the Pension Parity
      Benefit, in the amount determined under Section 5.02 shall be payable to
      anEligible Executive out of the Company's general funds monthly
      beginning:

    

    
      	 	
              (i) on
                the first day of the month when the Eligible Retired Executive's
                retirement benefit under any Retirement Plan or under the ESAP commences;
                or

            

    

    
      	 	
              (ii) for
                distributions commencing on or after January 1, 2005, on the first
                day of
                the month following the date that is the later of the date on which
                the
                Eligible Executive:

            

    

    

    
      	
            	1)	
              reaches
                at least age 55 with 10 years of service;
                or

            

    

    
      	
            	2)	
              has
                a Separation From Service

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (b)   Notwithstanding
      any other provisions of the Plan to the contrary, if a Specified Employee incurs
      a Separation From Service, payment of any Pension Parity benefit, accrued or
      vested after December 31, 2004 shall not commence (or be paid) earlier than
      the
      first day of the seventh month following Separation from Service. The payment
      delayed under this Section shall not bear interest. 

     

    (c)   Payments
      to an Eligible Retired Executive hereunder shall cease at the end of the month
      in which the Eligible Retired Executive dies. The Pension Parity Surviving
      Spouse Benefit, in the amount determined under Section 5.03, shall be payable
      out of the Company's general funds monthly beginning on the first day of the
      month following the Eligible Retired executive's death. Pension Parity Surviving
      Spouse Benefits paid to an Eligible Surviving Spouse shall cease at the end
      of
      the month in which the Eligible Surviving Spouse dies.

    

    Section
      5.05 Administration and Interpretation.
      The
      Group Vice President -Corporate Human Resources and Labor Affairs and the
      Executive Vice President and Chief Financial Officer shall have the full power
      and authority to develop uniform administrative rules and procedures to
      administer the Pension Parity Benefit and the Pension Parity Surviving Spouse
      Benefit, and specifically shall have the authority to develop rules to cover
      specific situations that may require that the Pension Parity Benefit or the
      Pension Parity Surviving Spouse Benefit to be adjusted to reflect retirement
      payments from other sources in respect of prior subsidiary service of the
      Eligible Retired Executive. In the event of a change in the designated officer's
      title, the officer or officers with functional responsibility for Retirement
      Plans shall have the power and authority to administer and interpret this
      Plan.

     

    Section
      6. Earning Out Conditions.
      Anything
      herein contained to the contrary notwithstanding, the right of any Eligible
      Retired Executive to receive Supplemental Benefit, Conditional Annuity or
      Pension Parity payments hereunder for any month shall accrue only if, during
      the
      entire period from the date of retirement to the end of such month, the Eligible
      Retired Executive shall have earned out such payment by refraining from engaging
      in any activity that is directly or indirectly in competition with any activity
      of the Company or any Subsidiary or Affiliate thereof.

    

    In
      the
      event of an Eligible Retired Executive's nonfulfillment of the condition set
      forth in the immediately preceding paragraph, no further payment shall be made
      to the Eligible Retired Executive or the Designated Beneficiary; provided,
      however, that the nonfulfillment of such condition may at any time (whether
      before, at the time of or subsequent to termination of employment) be waived
      in
      the following manner:

    

    (1)
      with
      respect to any such Eligible Retired Executive who at any time shall have been
      a
      member of the Board of Directors, an Executive Vice President, a Group Vice
      President, a Vice President, the Treasurer, the Controller or the Secretary
      of
      the Company, such waiver may be granted by the Committee upon its determination
      that in its sole judgment there shall not have been and will not be any
      substantial adverse effect upon the Company or any Subsidiary or Affiliate
      thereof by reason of the nonfulfillment of such condition; and

     

    (2)
      with
      respect to any other such Eligible Retired Executive, such waiver may be granted
      by the Annual Incentive Compensation Committee of Ford Motor Company (or any
      committee appointed for the purpose) upon its determination that in its sole
      judgment there shall not have been and will not be any such substantial adverse
      effect.

    

    Anything
      herein contained to the contrary notwithstanding, Supplemental Benefit,
      Conditional Annuity and Pension Parity payments shall not be paid to or with
      respect to any person as to whom it has been determined that such person at
      any
      time (whether before or subsequent to termination of employment) acted in a
      manner inimical to the best interests of the Company. Any such determination
      shall be made by (i) the Committee with respect to any Eligible Retired
      Executive who at any time shall have been a member of the Board of Directors,
      an
Executive
      Vice President, a Group Vice President, a Vice President, the Treasurer, the
      Controller or the Secretary of the Company, and (ii) the Annual Incentive
      Compensation Committee of Ford Motor
      Company (or any committee appointed for the purpose) with respect to any other
      Eligible Retired Executive, and shall apply to any amounts payable after the
      date

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    of
      the
      applicable committee's action hereunder, regardless of whether the Eligible
      Retired Executive has commenced receiving any benefits hereunder. Conduct which
      constitutes engaging in an activity that is directly or indirectly in
      competition with any activity of the Company or any Subsidiary or Affiliate
      thereof shall be governed by the two immediately preceding paragraphs of this
      Section 6 and shall not be subject to any determination under this
      paragraph.

    

    Section
      7. General Provisions.

    

    7.01
      Administration and Interpretation.
      An
      otherwise Eligible Executive's early retirement under the Plan is subject to
      approval by the Executive Personnel Committee. Except as otherwise provided
      in
      the preceding sentence and except as the committees specified in Sections 4
      and
      6 are authorized to administer the Plan in certain respects, the Group Vice
      President - Corporate Human Resources and Labor Affairs and the Executive Vice
      President and Chief Financial Officer shall have full power and authority on
      behalf of the Company to administer and interpret the Plan. In the event of
      a
      change in a designated officer's title, the officer or officers with functional
      responsibility for Retirement Plans shall have the power and authority to
      administer and
      interpret the Plan. All decisions with respect to the administration and
      interpretation of the Plan shall be final and shall be binding upon all
      persons.

    

    7.02
      Deductions.
      The
      Company may deduct from any payment of Supplemental Benefits, Conditional
      Annuity awards, or Pension Parity Benefits to an Eligible Retired Executive
      or
      Pension Parity Surviving Spouse Benefits to an Eligible Surviving Spouse all
      amounts owing to it by such Eligible Retired Executive or Eligible Surviving
      Spouse for any reason, and all taxes required by law or government regulation
      to
      be deducted or withheld.

     

    7.03
      No Contract of Employment. The
      Plan
      is an expression of the Company's present policy with respect to Company
      executives who meet the eligibility requirements set forth herein; it is not
      a
      part of any contract of employment. No Eligible Executive, Designated
      Beneficiary, Eligible Surviving Spouse or any other person shall have any legal
      or other right to any Supplemental Benefit, Conditional Annuity, Pension Parity
      Benefit or Pension Parity Surviving Spouse Benefit.

     

    7.04
      Governing Law.
      Except
      as otherwise provided under federal law, the Plan and all rights thereunder
      shall be governed, construed and administered in accordance with the laws of
      the
      State of Michigan.

     

    7.05
      Amendment or Termination.
      The
      Company reserves the right to modify or amend, in whole or in part, or to
      terminate this Plan, at any time without notice. 

    

    7.06
      Local Payment Authorities. The
      Vice
      President and Treasurer and the Assistant Treasurer (or in the event of a change
      in title, their functional equivalent) may act individually to delegate
      authority to administrative personnel to make benefit payments to Eligible
      Retired Executives in accordance with plan provisions.

    

    7.07 Code
      Section 409A

    

    (a)   With
      respect to benefits accrued or vested after December 31, 2004, the Company
      reserves the right to take such action, on a uniform basis, as the Company
      deems
      necessary or desirable to ensure compliance with Code Section 409A, and
      applicable additional regulatory guidance thereunder, or to achieve the goals
      of
      the Plan without having adverse tax consequences under this Plan for any
      employee or beneficiary.

     

    (b)   After
      receipt of Plan benefits accrued or vested after December 31, 2004, the
      obligations of the Company with respect to such benefits shall be satisfied
      and
      no Eligible Executive, Eligible Surviving Spouse, or Designated Beneficiary
      shall have any further claims against the Plan or the Company with respect
      to
      Plan benefits accrued or vested after December 31, 2004.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    Section
      8. Claim for Benefits

    

    8.01
      Denial of a Claim. A
      claim
      for benefits under the Plan shall be submitted in writing to the plan
      administrator. If a claim for benefits or participation is denied in whole
      or in
      part by the plan administrator, the Eligible Retired Executive will receive
      written notification within a reasonable period from the date 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 on date sent
      electronically to the Eligible Retired Executive. If the plan administrator
      determines that an extension of time for processing is required, written notice
      of the extension shall be furnished to the Eligible Retired Executive as soon
      as
      practical. 

     

    8.02
      Review of Denial of Claim.
      In the
      event that the plan administrator denies a claim for benefits or participation,
      an Eligible Retired Executive may request a review by filing a written appeal
      to
      the Group Vice President - Corporate Human Resources and Labor Affairs and
      the
      Executive Vice President and Chief Financial Officer, or their designee(s),
      within sixty (60) days of receipt of the written notification of denial. The
      appeal will be considered and a decision shall be rendered as soon as practical.
      In the event an extension of time is needed to consider the appeal and render
      the decision, written notice shall be provided to the Eligible Retired Executive
      notifying them of such time extension.

    

    8.03
      Decision on Appeal. The
      decision on review of the appeal shall be in writing. Such notice shall be
      deemed given upon mailing, full postage prepaid in the United States mail or
      on
      the date sent electronically to the Eligible Retired Executive. Decisions
      rendered on the appeal are final and conclusive and are only subject to the
      arbitrary and capricious standard of judicial review.

     

    8.04
      Limitations Period. No
      legal
      action for benefits under the Plan may be brought against the Plan until after
      the claims and appeal procedures have been exhausted. Legal actions under the
      Plan for benefits must be brought no later than two (2) years after the claim
      arises. No other action may be brought against the Plan more than six (6) months
      after the claim arises.

    
       

      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Appendix
      A

    

    Applicable
      to retirements of Eligible Executives on or after January 1, 1985 but prior
      to
      January 1, 1992, or retirements of Eligible Executives from certain former
      Company Affiliates.

    

    Section
      1. Definitions.
      The
      terms used in this Appendix shall have the same meaning as those in the
      Supplemental Executive Retirement Plan, except as follows:

    

    1.01   "Contributory
      Service"
      shall
      mean without duplication the years and any fractional year of contributory
      service at retirement, not exceeding one year for any calendar year, of the
      Eligible Executive under all Retirement Plans.

    

    1.02   "Eligible
      Executive"
      shall
      mean a person who is the Chairman of the Board and Chief Executive Officer,
      an
      Executive Vice President or a Vice President of the Company (excluding any
      such
      person who is an employee of a foreign Affiliate of the Company) or a Company
      employee in Salary Grade 13 or its equivalent or above (Salary Grade 20 or
      its
      equivalent or above for Company employees prior to January 1,
      1989).

    

    Section
      2. Supplemental Benefits.

    

    2.01   Eligibility.
      An
      Eligible Retired Executive shall be eligible to receive a Supplemental Benefit
      as provided herein.

    

    2.02   Amount
      of Supplemental Benefit.

    

    (a)
      Subject to any reductions pursuant to Subsection (b) below and to any
      limitations and reductions pursuant to other provisions of the Plan, the monthly
      Supplemental Benefit shall be an amount determined as follows:

    

    (1)
      For
      those employees who were Eligible Executives on or after January 1, 1989 and
      retired prior to January 1, 1992, an amount equal to the Eligible Executive's
      Final Five Year Average Base Salary multiplied by the Eligible Executive's
      years
      of Contributory Service at retirement, and further multiplied by the Applicable
      Percentage based on the Eligible Executive's position or salary grade
      immediately preceding retirement and on when the Contributory Service occurred,
      as follows:

    

    
      	
              Status
                at Retirement

            	 	
              Applicable
                Percentage

            	 
	 	 	
              Contributory

              Service

              before
                1/1/89

            	 	
              Contributory

              Service

              from
                1/1/89

            	 
	
              Chairman,
                Vice Chairman,

            	 	 	 	 	 
	
              President

            	 	 	
              .60%

            	
               

            	
               

            	
              .90%

            	
               

            
	
              Executive
                Vice President

            	
               

            	
               

            	
              .50%

            	
               

            	
               

            	
              .80%

            	
               

            
	
              Vice
                Presidents

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Salary
                Grade 23

            	
               

            	
               

            	
              .40%

            	
               

            	
               

            	
              .70%

            	
               

            
	
              Salary
                Grade 22

            	
               

            	
               

            	
              .40%

            	
               

            	
               

            	
              .70%

            	
               

            
	
              Salary
                Grade 21

            	
               

            	
               

            	
              .40%

            	
               

            	
               

            	
              .70%

            	
               

            
	
              Salary
                Grade 20

            	
               

            	
               

            	
              .40%

            	
               

            	
               

            	
              .70%

            	
               

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Non-Vice
                Presidents

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Salary
                Grade 21

            	
               

            	
               

            	
              .30%

            	
               

            	
               

            	
              .60%

            	
               

            
	
              Salary
                Grade 20

            	
               

            	
               

            	
              .30%

            	
               

            	
               

            	
              .60%

            	
               

            
	
              Salary
                Grade 19

            	
               

            	
               

            	
              .30%

            	
               

            	
               

            	
              .60%

            	
               

            
	
              Salary
                Grade 18, 17, 16

            	
               

            	
               

            	
              .20%

            	
               

            	
               

            	
              .40%

            	
               

            
	
              Salary
                Grade 15, 14, 13

            	
               

            	
               

            	
              .10%

            	
               

            	
               

            	
              .20%

            	
               

            

       

    

    (2)
      For
      those employees who were Eligible Executives prior to January 1, 1989 and who
      retired prior to January 1, 1992, the greater of (A) or (B):

    

    (A)
      the
      Eligible Executive's Final Five Year Average Base Salary multiplied by the
      Eligible Executive's Credited Service, and further multiplied by the Applicable
      Percentage based on the Eligible Executive's position or salary grade
      immediately preceding retirement, as follows:

    

    
      	
              Status
                at Retirement

            	 	
              Applicable
                Percentage

            	 
	 	 	 	 
	
              Chairman,
                Vice Chairman,

            	 	 	 
	
              President

            	 	 	
              .50%

            	
               

            
	
              Executive
                Vice President

            	 	 	
              .40%

            	
               

            
	
              Vice
                President 

            	 	 	
               

            	 
	
              Salary
                Grade 23

            	 	 	
              .35%

            	
               

            
	
              Salary
                Grade 22

            	 	 	
              .30%

            	
               

            
	
              Salary
                Grade 21

            	 	 	
              .25%

            	
               

            
	
              Salary
                Grade 20

            	 	 	
              .20%

            	
               

            
	
              Non-Vice
                Presidents

            	 	 	
               

            	 
	
              Salary
                Grade 21

            	 	 	
              .25%

            	
               

            
	
              Salary
                Grade 20

            	 	 	
              .20%

            	
               

            

    

    

    (B)
      the
      Eligible Executive's Final Five Year Average Base Salary multiplied by the
      Eligible Executive's Contributory Service, and further multiplied by the
      Applicable Percentage set forth in Section (a)(1) above based on the Eligible
      Executive's position or salary grade immediately preceding retirement and on
      when the Contributory Service occurred.

    

    (b)
      For
      an Eligible Retired Executive who shall retire before age 62 the monthly
      Supplemental Benefit payable hereunder shall equal the amount calculated in
      accordance with the immediately preceding Subsection (a) reduced by 5/18 of
      1%
      multiplied by the number of months from the later of the date the Supplemental
      Benefit commences or age 55 in the case of earlier receipt by reason of
      disability retirement to the first day of the month after the Eligible Retired
      Executive would attain age 62.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      3. Former Affiliates and Former Employees.

    

    3.01
      Ford Aerospace Corporation.
      An
      employee of Ford Aerospace Corporation who was a Vice President of Ford Motor
      Company as of April 1, 1985 and retired May 1, 1985 shall be deemed to be an
      Eligible Executive under the Plan only for Supplemental Benefits and shall
      be
      eligible to receive such benefits under the Plan based on Credited Service
      under
      the Salaried Retirement Plan of Ford Aerospace Corporation.

    

    3.02
       Ford
      New Holland, Inc.
      The
      following shall be applicable to former employees of Ford Tractor Operations
      who
      were transferred to Ford New Holland (FNH) and who participated in the General
      Retirement Plan for service through December 31, 1989 ("FNH
      Employees").

    

    (a)
      Retirement-Eligible FNH Employees as of January 1, 1989. 

    

    A
      FNH
      Employee who was eligible to retire under the General Retirement Plan on or
      prior to January 1, 1989, and who was in a position equivalent to a Salary
      Grade
      13 or above on December 31, 1989, and who retires directly from FNH shall be
      deemed to be an Eligible Executive under the Plan only for Supplemental Benefits
      and shall receive such benefits as are applicable under the terms of the Plan
      in
      effect at the date of retirement, if retired prior to January 1, 1992, or the
      terms of the Plan in effect on January 1, 1992, if retired on or after January
      1, 1992; provided, however, that for purposes of calculating the Supplemental
      Benefit, the Plan shall use (i) the employee's position or salary grade at
      FNH
      as of December 31, 1989; (ii) the Final Five Year Average Base Salary
      immediately preceding retirement of the Eligible Executive from FNH; and (iii)
      the employee's Credited Service or Contributory Service, as applicable, as
      of
      December 31, 1989.

    

    (b)
      Non-Retirement Eligible Employees as of January 1, 1989.

    

    A
      FNH
      Employee who was not eligible to retire under the General Retirement Plan on
      or
      prior to January 1, 1989, and who was in a position equivalent to a Salary
      Grade
      13 or above on December 31, 1989, and who retires directly from FNH shall be
      deemed to be an Eligible Executive under the Plan only for Supplemental Benefits
      and shall receive such benefits as are applicable under the terms of the Plan
      in
      effect as of January 1, 1989; provided, however, that for purposes of
      calculating the Supplemental Benefit, the Plan shall use (i) the employee's
      position or salary grade at FNH as of December 31, 1989; (ii) the Final Five
      Year Average Base Salary as of January 1, 1989; and (iii) the employee's
      Contributory Service as of December 31, 1989. 

    

    3.03 Sale
      of Favesa Operations to Lear Seating Corporation.

    

    An
      Eligible Executive whose employment was transferred to Lear Seating Corporation
      by reason of the sale of a portion of Plastic and Trim Product Division's seat
      operations to Lear on November 1, 1993 and who was eligible to retire under
      the
      terms of the General Retirement Plan as of December 31, 1993, shall retain
      eligibility to receive a Supplemental Benefit, and shall receive such benefits
      as are applicable under the terms of the Plan in effect as of December 31,
      1993;
      provided, however that for purposes of calculating the Supplemental Benefit,
      the
      Plan shall use (i) the employee's position or salary grade with the Company
      as
      of December 31, 1993; (ii) the Final Five Year Average Base Salary as of
      December 31, 1993; and (iii) the employee's Credited Service as of December
      31,
      1993. 

     

    3.04
      Visteon Corporation. The
      following shall be applicable to employees of Ford who were transferred to
      Visteon Corporation on April 1, 2000 ("U.S. Visteon Employees") and who ceased
      active participation in the Plan as of June 30, 2000 after Visteon Corporation
      was spun-off from Ford, June 28, 2000.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	
            	(a)	
              Group
                I and Group II Employees.

            

    

     

    
      	 	 	
              For
                purposes of this paragraph, a "Group I Employee" shall mean a U.S.
                Visteon
                Employee who as of July 1, 2000 was eligible for immediate normal
                or
                regular early retirement under the provisions of the GRP as in effect
                on
                July 1, 2000. A "Group II Employee" shall mean a U.S. Visteon Employee
                who
                (i) was not a Group I Employee; (ii) had as of July 1, 2000 a combination
                of age and continuous service that equals or exceeds sixty (60) points
                (partial months disregarded); and (iii) could become eligible for
                normal
                or regular early retirement under the provisions of the GRP as in
                effect
                on July 1, 2000 within the period after July 1, 2000 equal to the
                employee's Ford service as of July 1, 2000. A Group I or Group II
                Employee
                shall retain eligibility to receive a Supplemental Benefit and shall
                receive such benefits as are applicable under the terms of the Plan
                in
                effect on the retirement date, based on meeting eligibility criteria
                as of
                July 1, 2000 and Credited Service on July 1, 2000 and the Final Five
                Year
                Average Base Salary as of the retirement
                date.

            

    

    

    
      	 	
              (b)

            	
              Group
                III Employees.

            

    

    

    
      	 	
              For
                purposes of this paragraph, a "Group III Employee" shall mean a U.S.
                Visteon Employee who participated in the GRP prior to July 1, 2000
                other
                than a Group I or Group II Employee. The Plan shall have no liability
                for
                any benefits payable to Group III Employees who were otherwise eligible
                hereunder with respect to Credited Service prior to July 1, 2000
                on or
                after July 1, 2000.   

            

    

    

    Section
      4. General.
      Except
      as otherwise provided in this Appendix A, the terms of the Plan applicable
      to
      retirements of Eligible Executives on or after January 1, 1992 shall be
      applicable to the retirements of Eligible Executives on or after January 1,
      1985
      but prior to January 1, 1992.

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