Document:

Exhibit
      10.30

    

     

    

     

    

     

    COOPER-STANDARD
      AUTOMOTIVE INC.

    CHANGE
      OF CONTROL SEVERANCE PAY PLAN

     

    As
      Amended and Restated Effective January 1, 2007

    

     

    

 

    COOPER-STANDARD
      AUTOMOTIVE INC.

    CHANGE
      OF CONTROL SEVERANCE PAY PLAN

     

    

    1. General
      Statement of Purpose. The
      Board
      of Directors (the “Board”)
      of
      Cooper-Standard Automotive Inc. (the “Company”)
      has
      considered the effect a change of control of the Company may have on certain
      executives of the Company. The executives have made and are expected to continue
      to make major contributions to the short-term and long-term profitability,
      growth and financial strength of the Company. The Company recognizes that the
      possibility of a change of control exists, desires to assure itself of both
      the
      present and fixture continuity of management, desires to establish certain
      minimum severance benefits for certain of its executives applicable in a change
      of control, and wishes to ensure that its executives are not practically
      disabled from discharging their duties in respect of a proposed or actual
      transaction involving a change of control.

     

    As
      a
      result, the Board believes that the Cooper-Standard Automotive Inc. Change
      of
      Control Severance Pay Plan (the “Plan”)
      will
      assist the Company in attracting and retaining qualified
      executives.

     

    2. Effective
      and Termination Dates. The
      “Effective
      Date”
of
      the
      Plan is January 1, 2007. The Plan will automatically terminate on the later
      of
      (i) December 31, 2009 or (ii) the second anniversary of a Change of Control
      (the
“Termination
      Date”);
      provided,
      however,
      that on
      each December 31, commencing with the year 2007, the Termination Date will
      automatically be extended for an additional year unless, not later than 120
      calendar days prior to such date, the Company shall have given written notice
      to
      the Executives that the Termination Date is not to be so extended.

     

    3. Definitions. Where
      the
      following words and phrases appear in the Plan, they shall have the respective
      meanings set forth below, unless their context clearly indicates
      otherwise:

     

    (a) “Affiliate”
shall
      mean, with respect to an entity, any entity directly or indirectly controlling,
      controlled by, or under common control with such first entity.

     

    (b) “Base
      Pay”
means,
      with respect to each Executive, the rate of annual base salary, as in effect
      from time to time.

     

    (c) “Board”
means
      the Board of Directors of the Company.

     

    (d) “Cause”
means
      that, prior to any termination of employment pursuant to Section 4(b), the
      Executive shall have committed:

     

    (i) any
      act
      or omission constituting a material breach by the Executive of any of his
      significant obligations to or agreements with the Company or its Affiliate
      or
      the continued failure or refusal of the Executive to adequately perform the
      duties reasonably required by the Company or its Affiliate which is materially
      injurious to the financial condition or business reputation of, or is otherwise
      materially injurious to, the Company or its Affiliate, after notification by
      the

     

	 

	 

    

     

    Board
      of
      such breach, failure or refusal and failure of the Executive to correct such
      breach, failure or refusal within thirty (30) days of such notification (other
      than by reason of the incapacity of the Executive due to physical or mental
      illness); or

     

    (ii) the
      commission by and conviction of the Executive of a felony, or the perpetration
      by and criminal conviction of or civil verdict finding the Executive committed
      a
      dishonest act or common law fraud against the Company or its Affiliate (for
      the
      avoidance of doubt, conviction and civil verdict, in each case, shall mean
      when
      no further appeals may be taken by the Executive from such conviction or civil
      verdict and such conviction or civil verdict becomes final and binding upon
      the
      Executive with no further right of appeal); or

     

    (iii) any
      other
      willful act or omission which is materially injurious to the financial condition
      or business reputation of, or is otherwise materially injurious to, the Company
      or its Affiliate, and failure of the Executive to correct such act or omission
      after notification by the Board of any such act or omission.

     

    Any
      notification to be given by the Board in accordance with Section 3(d)(i) or
      3(d)(iii) shall specifically identify the breach, failure, refusal, act or
      omission to which the notification relates and, in the case of Section 3(d)(i)
      or 3(d)(iii) shall describe the injury to the Company or its Affiliate, and
      such
      notification must be given within twelve (12) months of the Board’s becoming
      aware, or within twelve (12) months of when the Board should have reasonably
      become aware of the breach, failure, refusal, act, or omission identified in
      the
      notification. Notwithstanding Section 20, failure to notify the Executive within
      any such twelve (12) month period shall be deemed to be a waiver by the Board
      of
      any such breach, failure, refusal, act or omission by the Executive and any
      such
      breach, failure, refusal, act or omission by the Executive shall not then be
      determined to be a breach.

    

    For
      the
      avoidance of doubt and for the purpose of determining Cause, the exercise of
      business judgment by the Executive shall not be determined to be Cause, even
      if
      such business judgment materially injures the financial condition or business
      reputation of, or is otherwise materially injurious to the Company or any of
      its
      Affiliates, unless such business judgment by the Executive was not made in
      good
      faith, or constitutes willful or wanton misconduct, or was an intentional
      violation of state or federal law.

     

    (e) “Change
      of Control”
means
      the occurrence of any of the following events after the Effective Date (i)
      the
      sale or disposition, in one or a series of related transactions, of all or
      substantially all of the assets of CSA to any “person” or “group” (as such terms
      are defined in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act
      of
      1934 (the “Exchange
      Act”))
      other
      than Permitted Holders or (ii) any person or group, other than Permitted
      Holders, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and
      l3d-5 under the Exchange Act), directly or indirectly, of greater than or equal
      to 50% of the total voting power of the voting stock of CSA, including by way
      of
      merger, 

     

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    consolidation
      or otherwise, except where one or more of the Sponsors and/or their respective
      Affiliates, immediately following such merger, consolidation or other
      transaction, continue to have the ability to designate or elect a majority
      of
      the Board of Directors of CSA (or the board of directors of the resulting entity
      or its parent company). Notwithstanding that a transaction or series of
      transactions does not constitute a Change of Control, with respect to any
      Executive it shall be deemed a Change of Control for purposes of the Executive’s
      entitlement’s hereunder if clause (i), above, is satisfied in respect of the
      business or division in which such Executive is principally engaged. For the
      avoidance of doubt, a Change of Control pursuant to the immediately preceding
      sentence shall not apply to any Executive whose employment is not primarily
      with
      and for the business or division that is sold.

     

    (f) “Chief
      Executive Officer”
means
      the Executive who is identified on Exhibit A as being the Chief Executive
      Officer.

     

    (g) “Code”
means
      the Internal Revenue Code of 1986, as amended, or any successor thereto. Any
      reference to a specific provision of the Code shall be deemed to include any
      successor provision thereto.

     

    (h) “Committee”
means
      the Compensation Committee of the Board.

     

    (i) “Committee
      Action”
means
      a
      writing by, or minutes of the actions of, the Committee, the substance of which,
      as to an Executive, has been communicated to such Executive.

     

    (j) “Common
      Stock”
means
      CSA’s common stock.

     

    (k) “Company”
means
      the Company as hereinbefore defined.

     

    (l) “CSA”
means
      Cooper-Standard Holdings Inc. 

     

    (m) “Employee
      Benefits”
means
      the perquisites, benefits and service credit for benefits as provided under
      any
      and all employee; retirement income and welfare benefit policies, plans,
      programs or arrangements in which an Executive is entitled to participate,
      including without limitation any savings, pension, supplemental executive
      retirement, or other retirement income or welfare benefit, stock option,
      performance share, performance unit, stock purchase, stock appreciation,
      deferred compensation, incentive compensation, group or other life, health,
      medical/hospital or other insurance (whether funded by actual insurance or
      self-insured by the Company), disability, salary continuation, expense
      reimbursement and other employee benefit policies, plans, programs or
      arrangements that may now exist or any policies, plans, programs or arrangements
      that may be adopted hereafter by the Company or its Affiliate.

     

    (n) “Employer”
means
      the Company. 

     

    (o) “Executive”
means
      those employees of the Company listed on Exhibit A, as the same may be amended
      from time to time by a Committee Action.

     

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    (p) “Management
      Group”
means
      the Executives who are identified on Exhibit A as being members of such
      group.

     

    (q) “Nonqualified
      Supplementary Benefit Plan”
means
      any plan which provides for the payment of pension benefits which would be
      payable under the terms of a tax-qualified defined benefit plan or scheme
      sponsored by the Company or any of its Affiliates but for government-imposed
      limitations on the amount that is permitted to be paid from such tax qualified
      plan.

     

    (r) “Operations
      Group”
means
      the Executives who are identified on Exhibit A as being members of such
      group.

     

    (s) “Permitted
      Holders”
means,
      as of the date of determination, any and all of (i) an employee benefit plan
      (or
      trust forming a part thereof) maintained by (A) the Company or its Affiliate,
      or
      (B) any corporation or other person of which a majority of its voting power
      of
      its voting securities or equity interest is owned, directly or indirectly,
      by
      the Company or its Affiliate, and (ii) Cypress Merchant Banking Partners II
      L.P., Cypress Merchant Banking II C.V., 55th Street Partners II L.P., Cypress
      Side-By-Side LLC, GS Capital Partners 2000, L.P., GS Capital Partners 2000
      Offshore, L.P., GS Capital Partners 2000 GmbH & Co. Beteiligungs KG, GS
      Capital Partners 2000 Employee Fund, L.P. and Goldman Sachs Direct Investment
      Fund 2000, L.P. (collectively, the “Sponsors”)
      and
      any of their respective Affiliates.

     

    (t) “Plan”
means
      this Cooper-Standard Automotive Inc. Change of Control Severance Pay
      Plan.

     

    (u) “Retirement
      Plans”
means
      any tax-qualified defined benefit plan or scheme sponsored by the Company or
      any
      of its Affiliates and the Nonqualified Supplementary Benefit Plan or any
      successor plans thereto which provide comparable benefits.

     

    (v) “Severance
      Compensation”
means
      Severance Pay and other benefits provided by Section 5(a).

     

    (w) “Severance
      Pay”
means
      the amounts payable as set forth in Section 5(a).

     

    (x) “Severance
      Period”
means
      the period of time commencing on the date of the first occurrence of a Change
      of
      Control and continuing until the earlier of (i) the second anniversary of the
      occurrence of the Change of Control or (ii) the Executive’s death.

     

    4. Eligibility;
      Termination Following a Change of Control.

     

    (a) Subject
      to the limitations described below, the Plan applies to Executives who are
      employed on the date that a Change of Control occurs; provided,
      however,
      that in
      the event of a Change of Control described in the second to last sentence of
      Section 3(e), the Plan shall only apply to: (i) Executives who are employed
      on the date that the Change of Control occurs with the group whose assets are
      being sold as a result 

     

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    of
      the
      Change of Control and (ii) Executives who are employed by the corporate
      headquarters of the Company on the date that such Change of Control occurs
      and
      in each case (A) whose positions are transferred to the successor of the group
      whose assets are being sold, or (B) whose employment is terminated as a result
      of the Change of Control.

     

    (b) If
      an
      Executive’s employment is terminated by the Employer during the Severance Period
      and such termination is without Cause, the Executive will be entitled to the
      Severance Compensation described in Section 5.

     

    (c) An
      Executive may, during the Severance Period, terminate his employment with the
      Employer with the right to Severance Compensation described in Section 5 upon
      the occurrence of one or more of the following events (regardless of whether
      any
      other reason, other than Cause, for such termination exists or has occurred,
      including without limitation other employment):

     

    (i) (A)
      if
      the Executive is the Chief Executive Officer or a member of the Operations
      Group, a significant adverse change in the nature or scope of the authorities,
      powers, functions, responsibilities or duties attached to the position with
      the
      Employer which the Executive held immediately prior to the Change in Control,
      (B) a reduction in the Executive’s Base Pay, or a reduction in the Executive’s
      opportunities for incentive compensation pursuant to any long-term incentive
      compensation plan or program established by the Company, or (C) the termination
      or denial of the Executive’s rights to Employee Benefits or a reduction in the
      scope or aggregate value thereof, any of which is not remedied by the Company
      within ten (10) calendar days after receipt by the Company of written notice
      from the Executive of such change, reduction or termination, as the case may
      be;

     

    (ii) if
      the
      Executive is the Chief Executive Officer or a member of the Operations Group,
      the Company requires the Executive to have his principal location of work
      changed to any location that is in excess of 50 miles from the location thereof
      immediately prior to or after the Change in Control;

     

    (iii) any
      material breach of its obligations under the Plan by the Company or any
      successor thereto which is not remedied by the Company within ten (10) calendar
      days after receipt by the Company of written notice from the Executive of such
      breach; or

     

    (iv) if
      the
      Executive is the individual who is the Chief Executive Officer as of the
      Effective Date, voluntary termination for any reason or without reason during
      the thirty-day period immediately following the date that is six months after
      a
      Change of Control has occurred (for the avoidance of doubt, this subsection
      (iv)
      would not be applicable upon a Change of Control related to an initial public
      offering).

     

    (d) A
      termination by the Employer pursuant to Subsection (b) of this Section or by
      an
      Executive pursuant to Subsection (c) of this Section will not affect any rights
      

     

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    that
      the
      Executive may have pursuant to any agreement, policy, plan, program or
      arrangement of the Company providing Employee Benefits (other than as expressly
      provided in such agreement, policy, plan, program or arrangements), which rights
      shall be governed by the terms thereof. 

     

    (e) Notwithstanding
      the preceding provisions of this Section, an Executive will not be entitled
      to
      Severance Compensation if his employment with the Employer is terminated during
      the Severance Period because:

     

    (i) of
      the
      Executive’s death; or

     

    (ii) the
      Executive becomes permanently disabled within the meaning of, and begins
      actually to receive disability benefits pursuant to, the long-term disability
      plan in effect for, or applicable to, the Executive immediately prior to the
      Change of Control. 

     

    5. Severance
      Compensation.

     

    (a) Subject
      to the provisions of this Plan, if an Executive’s employment is terminated
      pursuant to Section 4(b) or if an Executive terminates his employment pursuant
      to Section 4(c), the Company will pay to the Executive as Severance Pay the
      amounts described, and will continue to provide to the Executive the other
      Severance Compensation described, on Exhibit B for the periods described
      therein.

     

    (b) Without
      limiting the rights of an Executive at law or in equity, if the Company fails
      to
      make any payment or provide any benefit required to be made or provided
      hereunder on a timely basis, the Company will pay interest on the amount or
      value thereof at an annualized rate of interest equal to the so-called composite
      “prime rate” as quoted from tune to time during the relevant period in the
      Midwest Edition of The
      Wall Street Journal
      plus the
      lesser of 5% or the maximum rate of interest allowed by law. Such interest
      will
      be payable as it accrues on demand. Any change of such prime rate or maximum
      rate will be effective on and as of the date of such change.

     

    (c) Notwithstanding
      any provision of the Plan to the contrary, the rights and obligations under
      this
      Section and under Sections 7 and 12 will survive any termination or expiration
      of the Plan or the termination of an Executive’s employment following a Change
      of Control for any reason whatsoever.

     

    6. Funding
      Upon Potential Change of Control.

     

    (a) Upon
      the
      earlier to occur of (i) a Change of Control or (ii) a declaration by the Board
      of Directors of CSA that a Change of Control is imminent, the Company shall
      promptly pay, to the extent it has not previously done so, and in any event
      within five (5) business days after such Change of Control (or on such fifth
      business day if the Board has declared that a Change of Control is imminent),
      a
      sum equal to the present value on the date of the Change of Control (or on
      such
      fifth business day if the Board of Directors of CSA has declared that a Change
      of Control is imminent) of the payments to be made to the Executives under
      the
      provisions of Sections 5 and 7 (to the extent calculable at such 

     

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    time)
      hereof, which shall be transferred to National City Bank or its successor (the
      “Trustee”)
      and
      added to the principal of a grantor “rabbi” trust (the “Trust”)
      to be
      established pursuant to an agreement between the Company and the Trustee (the
      “Trust
      Agreement”),
      which
      Trust Agreement shall become irrevocable upon the Change of Control;
provided
      that in
      the event of the Change of Control with respect to one or more Executives
      described in the second to last sentence of the definition of Change of Control
      (i.e., a sale of all or substantially all of the assets of the business or
      division in which such Executive was principally engaged), the Company’s funding
      obligation shall be limited to the payments to be made to the affected
      Executives. Notwithstanding the foregoing, the Company shall not be obligated
      to
      fund the Trust if such funding obligation would violate Code Section
      409A.

     

    (b) Any
      payments of compensation, pension, severance or other benefits by the Trustee
      pursuant to the Trust Agreement shall, to the extent thereof, discharge the
      Company’s obligation to pay compensation, pension, severance and other benefits
      hereunder, it being the intent of the Company that assets in such Trust be
      held
      as security for the Company’s obligation to pay compensation, pension, severance
      and other benefits under this Agreement.

     

    7. Certain
      Additional Payments by the Company.

     

    (a) Anything
      in the Plan to the contrary notwithstanding, in the event that it shall be
      determined (as hereafter provided) that following, and as a result of, a Change
      of Control, any payment or distribution by the Company to or for the benefit
      of
      an Executive, whether paid or payable or distributed or distributable pursuant
      to the terms of the Plan or otherwise pursuant to or by reason of any other
      agreement, policy, plan, program or arrangement, including without limitation
      any stock option, performance share, performance unit, stock appreciation right
      or similar right, or the lapse or termination of any restriction on, or the
      vesting or exercisability of, any of the foregoing (a “Payment”),
      would
      be subject to the excise tax imposed by Section 4999 of the Code by reason
      of being considered “contingent on a change of ownership or control” of the
      Company, within the meaning of Section 280G of the Code or to any similar tax
      imposed by state or local law, or any interest or penalties with respect to
      such
      tax (such tax or taxes, together with any such interest and penalties, being
      hereafter collectively referred to as the “Excise
      Tax”),
      then
      the Executive shall be entitled to receive an additional payment or payments
      (collectively, a “Gross-Up
      Payment”);
      provided,
      however,
      that no
      Gross-up Payment shall be made with respect to the Excise Tax, if any,
      attributable to (i) any incentive stock option (“ISO”),
      as
      defined by Section 422 of the Code (or any successor provision thereto) granted
      prior to the execution of the Plan where the addition of a Gross-Up Payment
      would cause the ISO to lose such status, or (ii) any stock appreciation or
      similar right, whether or not limited, granted in tandem with any ISO described
      in clause (i). The Gross-Up Payment shall be in an amount such that, after
      payment by the Executive of all taxes (including any interest or penalties
      imposed with respect to such taxes), including any Excise Tax imposed upon
      the
      Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal
      to the Excise Tax imposed upon the Payment.

     

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    (b) Subject
      to the provisions of Subsection (f) of this Section, all determinations required
      to be made under this Section, including whether an Excise Tax is payable by
      the
      Executive and the amount of such Excise Tax and whether a Gross-Up Payment
      is
      required to be paid by the Company to the Executive and the amount of such
      Gross-Up Payment, if any, shall be made by the accounting firm serving as the
      Company’s independent public accountants immediately prior to the Change of
      Control (the “Accounting
      Firm”).
      The
      Company shall direct the Accounting Firm to submit its determination and
      detailed supporting calculations to both the Company and the Executive within
      thirty (30) calendar days after the date of the Executive’s termination, if
      applicable, and any such other time or times as may be requested by the Company
      or the Executive. If the Accounting Firm determines that any Excise Tax is
      payable by the Executive, the Company shall pay the required Gross-Up Payment
      to
      the Executive within five (5) business days after receipt of such determination
      and calculations with respect to any Payment to the Executive, or if later,
      the
      date the Severance Pay is paid as provided in Exhibit B. If the Accounting
      Firm
      determines that no Excise Tax is payable by the Executive, it shall, at the
      same
      time as it makes such determination, furnish the Company and the Executive
      an
      opinion that the Executive has substantial authority not to report any Excise
      Tax on his federal, state or local income or other tax return. As a result
      of
      the uncertainty in the application of Section 4999 of the Code and the
      possibility of similar uncertainty regarding applicable state or local tax
      law
      at the time of any determination by the Accounting Firm hereunder, it is
      possible that Gross-Up Payments which will not have been made by the Company
      should have been made (an “Underpayment”),
      consistent with the calculations required to be made hereunder. In the event
      that the Company exhausts or fails to pursue its remedies pursuant to Subsection
      (f) of this Section and the Executive thereafter is required to make a payment
      of any Excise Tax, the Executive shall direct the Accounting Firm to determine
      the amount of the Underpayment that has occurred and to submit its determination
      and detailed supporting calculations to both the Company and the Executive
      promptly as possible. Any such Underpayment shall be promptly paid by the
      Company to, or for the benefit of, the Executive within five (5) business days
      after receipt of such determination and calculations; provided
      that, if
      the payment at such time would cause an additional tax under Code Section 409A,
      then the Underpayment shall be made on the seventh (7th)
      anniversary of the date of the Executive’s termination of employment, or on such
      other date as shall be acceptable under Code Section 409A.

     

    (c) The
      Company and the Executive shall each provide the Accounting Firm access to
      and
      copies of any books, records and documents in the possession of the Company
      or
      the Executive, as the case may be, reasonably requested by the Accounting Firm,
      and otherwise cooperate with the Accounting Firm in connection with the
      preparation and issuance of the determinations and calculations contemplated
      by
      Subsection (b) of this Section. Any determination by the Accounting Firm as
      to
      the amount of the Gross-Up Payment shall be binding upon the Company and the
      Executive.

     

    (d) The
      federal, state and local income or other tax returns filed by the Executive
      shall be prepared and filed on a consistent basis with the determination of
      the
      Accounting Firm with respect to the Excise Tax payable by the Executive. The
      Executive shall make proper payment of the amount of any Excise Tax and Gross-Up
      

     

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    Payment,
      and at the request of the Company, provide to the Company true and correct
      copies (with any amendments) of his federal income tax return as filed with
      the
      Internal Revenue Service and corresponding state and local tax returns, if
      relevant, as filed with the applicable taxing authority, and such other
      documents reasonably requested by the Company, evidencing such payment. If
      prior
      to the filing of the Executive’s federal income tax return, or corresponding
      state or local tax return, if relevant, the Accounting Firm determines that
      the
      amount of the Gross-Up Payment should be reduced, the Executive shall within
      five (5) business days pay to the Company the amount of such
      reduction.

     

    (e) The
      fees
      and expenses of the Accounting Firm for its services in connection with the
      determinations and calculations contemplated by Subsection (b) of this Section
      shall be borne by the Company. If such fees and expenses are initially paid
      by
      the Executive, the Company shall reimburse the Executive the full amount of
      such
      fees and expenses within ten (10) business days after receipt from the Executive
      of a statement therefor and reasonable evidence of his payment thereof.

     

    (f) The
      Executive shall notify the Company in writing of any claim by the Internal
      Revenue Service or any other taxing authority that, if successful, would require
      the payment by the Company of a Gross-Up Payment. Such notification shall be
      given as promptly as practicable but no later than ten (10) business days after
      the Executive actually receives notice of such claim and the Executive shall
      further apprise the Company of the nature of such claim and the date on which
      such claim is requested to be paid (in each case, to the extent known by the
      Executive). The Executive shall not pay such claim prior to the earlier of
      (i)
      the expiration of the 30-calendar-day period following the date on which he
      gives such notice to the Company and (ii) the date that any payment of amount
      with respect to such claim is due. If the Company notifies the Executive in
      writing prior to the expiration of such period that it desires to contest such
      claim, the Executive shall:

     

    (A) provide
      the Company with any written records or documents in his possession relating
      to
      such claim reasonably requested by the Company;

     

    (B) take
      such
      action in connection with contesting such claim as the Company shall reasonably
      request in writing from time to time, including without limitation accepting
      legal representation with respect to such claim by an attorney competent in
      respect of the subject matter and reasonably selected by the
      Company;

     

    (C) cooperate
      with the Company in good faith in order to effectively contest such claim;
      and

     

    (D) permit
      the Company to participate in any proceedings relating to such
      claim;

     

    provided,
      however,
      that
      the Company shall bear and pay directly all costs and expenses (including
      interest and penalties) incurred in connection with such 

     

			9

	 

    contest
      and shall indemnify and hold harmless the Executive, on an after-tax basis,
      for
      and against any Excise Tax or income tax, including interest and penalties
      with
      respect thereto, imposed as a result of such representation and payment of
      costs
      and expenses. Without limiting the foregoing provisions of this subsection,
      the
      Company shall control all proceedings taken in connection with the contest
      of
      any claim contemplated by this subsection and, at its sole option, may pursue
      or
      forego any and all administrative appeals, proceedings, hearings and conferences
      with the taxing authority in respect of such claim (provided,
      however,
      that
      the Executive may participate therein at his own cost and expense) and may,
      at
      its option, either direct the Executive to pay the tax claimed and sue for
      a
      refund or contest the claim in any permissible manner, and the Executive agrees
      to prosecute such contest to a determination before any administrative tribunal,
      in a court of initial jurisdiction and in one or more appellate courts, as
      the
      Company shall determine; provided,
      however,
      that if
      the Company directs the Executive to pay the tax claimed and sue for a refund,
      the Company shall, to the extent permitted by applicable law and to the extent
      such payment would not cause the Executive to pay an additional tax under
      Section 409A of the Code, advance the amount of such payment to the Executive
      on
      an interest-free basis and shall indemnify and hold the Executive harmless,
      on
      an after-tax basis, from any Excise Tax or income or other tax, including
      interest or penalties with respect thereto, imposed with respect to such
      advance; and provided further,
      however,
      that
      any extension of the statute of limitations relating to payment of taxes for
      the
      taxable year of the Executive with respect to which the contested amount is
      claimed to be due is limited solely to such contested amount. Furthermore,
      the
      Company’s control of any such contested claim shall be limited to issues with
      respect to which a Gross-Up Payment would be payable hereunder and the Executive
      shall be entitled to settle or contest, as the case may be, any other issue
      raised by the Internal Revenue Service or any other taxing
      authority.

     

    (g) If,
      after
      the receipt by the Executive of an amount advanced by the Company pursuant
      to
      Subsection (f) of this Section, the Executive receives any refund with respect
      to such claim, the Executive shall (subject to the Company’s complying with the
      requirements of Subsection (f) of this Section) promptly pay to the Company
      the
      amount of such refund (together with any interest paid or credited thereon
      after
      any taxes applicable thereto). If, after the receipt by the Executive of an
      amount advanced by the Company pursuant to Section (f) of this Section, a
      determination is made that the Executive shall not be entitled to any refund
      with respect to such claim and the Company does not notify the Executive in
      writing of its intent to contest such denial or refund prior to the expiration
      of thirty (30) calendar days after such determination, then such advance shall
      be forgiven and shall not be required to be repaid and the amount of any such
      advance shall offset, to the extent thereof, the amount of Gross-Up Payment
      required to be paid by the Company to the Executive pursuant to this
      Section.

     

    8. No
      Mitigation Obligation.
      The
      Company hereby acknowledges that it will be difficult and may be impossible
      for
      an Executive to find reasonably comparable employment following his termination
      of employment with the Company and that the non-competition agreement required
      by Section 10 will further limit the employment opportunities for an

     

				10

	 

    Executive.
      Accordingly, the provision of Severance Compensation by the Company to an
      Executive in accordance with the terms of the Plan is hereby acknowledged by
      the
      Company to be reasonable, and an Executive will not be required to mitigate
      the
      amount of any payment provided for in the Plan by seeking other employment
      or
      otherwise, nor will any profits, income, earnings or other benefits from any
      source whatsoever create any mitigation, offset, reduction or any other
      obligation on the part of an Executive hereunder or otherwise, except as
      expressly provided in Section 1(d) of Exhibit B.

     

    9. Certain
      Payments not Considered for Other Benefits, etc.
      The
      Gross-up Payment, legal fee and expense reimbursement provided under Sections
      7
      and 12 and reimbursements for outplacement counseling provided under Section
      1(g) of Exhibit B will not be included as earnings for the purpose of
      calculating contributions or benefits under any employee benefit plan of the
      Company.

     

    10. Confidentiality;
      Confidential Information; Non-competition.
      Receipt
      of Severance Compensation by an Executive is conditioned upon the Executive
      executing and delivering to the Company a confidentiality and non-compete
      agreement substantially in the form provided in Exhibit C for the period
      specified on Exhibit B.

     

    11. Release.
      Receipt
      of Severance Compensation by an Executive is conditioned upon the Executive
      executing and delivering to the Company a release substantially in the form
      provided in Exhibit D, and not revoking such release prior to the revocation
      period provided therein.

     

    12. Legal
      Fees and Expenses .
      It is
      the intent of the Company that each Executive not be required to incur legal
      fees and the related expenses associated with the interpretation, enforcement
      or
      defense of his rights under the Plan by litigation or otherwise (including
      making a claim pursuant to the provisions of Section 20(d)) because the cost
      and
      expense thereof would substantially detract from the benefits intended to be
      extended to each Executive hereunder. Accordingly, if it should appear to an
      Executive that the Company has failed to comply with any of its obligations
      under the Plan or in the event that the Company or any other person takes or
      threatens to take any action to declare the Plan void or unenforceable, or
      institutes any litigation or other action or proceeding designed to deny, or
      to
      recover from, the Executive the benefits provided or intended to be provided
      to
      the Executive hereunder, the Company irrevocably authorizes the Executive from
      time to time to retain counsel of his choice, at the expense of the Company
      as
      hereafter provided, to advise and represent the Executive in connection with
      any
      such interpretation, enforcement or defense. Notwithstanding any existing or
      prior attorney-client relationship between the Company and such counsel, the
      Company irrevocably consents to the Executive’s entering into an attorney-client
      relationship with such counsel, and in that connection the Company and the
      Executive agree that a confidential relationship will exist between the
      Executive and such counsel. Without respect to whether the Executive prevails,
      in whole or in part, in connection with any of the foregoing, the Company will
      pay and be solely financially responsible for any and all attorneys’ and related
      fees and expenses incurred by the Executive in connection with any of the
      foregoing; provided
      that, in
      regard to such matters, the Executive has not acted in bad faith or with no
      colorable claim of success.

     

     

					11

	 

    13. Employment
      Rights .
      Nothing
      expressed or implied in the Plan shall create any right or duty on the part
      of
      the Company or an Executive to have the Executive remain in the employment
      of
      the Company at any time prior to or following a Change of Control. Any
      termination of employment of the Executive or the removal of the Executive
      from
      the office or position in the Company prior to a Change of Control but following
      the commencement of any discussion with any third person that ultimately results
      in a Change of Control shall be deemed to be a termination or removal of the
      Executive after a Change of Control for all purposes of the Plan. Each Executive
      covered by this Plan expressly acknowledges that he is either party to an
      employment agreement with the Company or an employee at will, and that the
      Company may terminate him at any time prior to a Change of Control.

     

    14. Withholding
      of Taxes.
      The
      Company or its Affiliate may withhold from any amounts payable under the Plan
      all federal, state, city or other taxes as shall be required pursuant to any
      law
      or government regulation or ruling.

     

    15. Successors
      and Binding Effect.

     

    (a) The
      Company will require any successor, (including without limitation any persons
      acquiring directly or indirectly all or substantially all of the business and/or
      assets of the Company, whether by purchase, merger, consolidation,
      reorganization or otherwise, and such successor shall thereafter be deemed
      the
      Company and the Employer for the purposes of the Plan), to expressly or by
      operation of law assume and agree to perform the obligations under the Plan
      in
      the same manner and to the same extent the Company and the Employer would be
      required to perform if no such succession had taken place; provided
      that the
      assignment of this Plan shall not affect whether a Change of Control has
      occurred. The Plan shall be binding upon and inure to the benefit of the Company
      and any successor to the Company, but shall not otherwise be assignable,
      transferable or delegable by the Company.

     

    (b) The
      rights under the Plan shall inure to the benefit of and be enforceable by each
      Executive’s personal or legal representatives, executors, administrators,
      successors, heirs, distributees and/or legatees.

     

    (c) The
      rights under the Plan are personal in nature and neither the Company nor any
      Executive shall, without the consent of the other, assign, transfer or delegate
      the Plan or any rights or obligations hereunder except as expressly provided
      in
      this Section. Without limiting the generality of the foregoing, an Executive’s
      right to receive payments hereunder shall not be assignable, transferable or
      delegable, whether by pledge, creation of a security interest or otherwise,
      other than by a transfer by his or her will or by the laws of descent and
      distribution and, in the event of any attempted assignment or transfer contrary
      to this Section, the Company shall have no liability to pay any amount so
      attempted to be assigned, transferred or delegated.

     

    (d) The
      obligation of the Company to make payments and/or provide benefits hereunder
      shall represent an unsecured obligation of the Company.

     

					12

	 

    (e) The
      Company recognizes that each Executive will have no adequate remedy at law
      for
      breach by the Company of any of the agreements contained herein and, in the
      event of any such breach, the Company hereby agrees and consents that each
      Executive shall be entitled to a decree of specific performance, mandamus or
      other appropriate remedy to enforce performance of obligations of the Company
      under the Plan.

     

    16. Governing
      Law.
      All
      matters affecting this Plan, including the validity, interpretation,
      construction and performance of the Plan shall be governed by the laws of the
      State of Michigan, without giving effect to the principles of conflict of laws
      of such State.

     

    17. Validity.
      If any
      provisions of the Plan or the application of any provision hereof to any person
      or circumstance is held invalid, unenforceable or otherwise illegal, the
      remainder of the Plan and the application of such provision to any other person
      or circumstances shall not be affected, and the provision so held to be invalid,
      unenforceable or otherwise illegal shall be reformed to the extent (and only
      to
      the extent) necessary to make it enforceable, valid and legal.

     

    18. Headings.
      The
      headings in the Plan are for convenience of reference only and do not define,
      limit or describe the scope or intent of the Plan or any part hereof and shall
      not be considered in any construction hereof.

     

    19. Construction.
      The
      masculine gender, where appearing in the Plan, shall be deemed to include the
      feminine gender and the singular shall be deemed to include the plural, unless
      the context clearly indicates to the contrary.

     

    20. Administration
      of the Plan.

     

    (a) In
      General:
      The
      Plan shall be administered by the Company, which shall be the named fiduciary
      under the Plan.

     

    (b) Delegation
      of Duties:
      The
      Company may delegate any of its administrative duties, including, without
      limitation, duties with respect to the processing, review, investigation,
      approval and payment of Severance Pay and Gross-Up Payments, to named
      administrator or administrators.

     

    (c) Regulations:
      The
      Company shall promulgate any rules and regulations it deems necessary in order
      to carry out the purposes of the Plan or to interpret the terms and conditions
      of the Plan; provided,
      however,
      that no
      rule, regulation or interpretation shall be contrary to the provisions of the
      Plan.

     

    (d) Claims
      Procedure:
      Subject
      to the provisions of Section 7, the Company shall determine the rights of any
      employee of the Company to any Severance Compensation or a Gross-up Payment
      hereunder. Any employee or former employee of the Company who believes that
      he
      has not received any benefit under the Plan to which he believes he is entitled,
      may file a claim in writing with the General Counsel of the Company (or the
      Secretary, in the case the Executive is the General Counsel). The Company shall,
      no later than 90 days after the receipt of a claim, either allow or deny the
      

     

13

	 

    claim
      by
      written notice to the claimant. If a claimant does not receive written notice
      of
      the Company’s decision on his claim within such 90-day period, the claim shall
      be deemed to have been denied in full.

     

    A
      denial
      of a claim by the Company, wholly or partially, shall be written in a manner
      calculated to be understood by the claimant and shall include:

     

    (i) the
      specific reason or reasons for the denial;

     

    (ii) specific
      reference to pertinent Plan provisions on which the denial is
      based;

     

    (iii) a
      description of any additional material or information necessary for the claimant
      to perfect the claim and an explanation of why such material or information
      is
      necessary; and

     

    (iv) an
      explanation of the claim review procedure.

     

    A
      claimant whose claim is denied (or his duly authorized representative) may,
      within thirty (30) days after receipt of denial of his claim, request a review
      of such denial by the Company by filing with the Secretary of the Company (or
      the General Counsel, in the case the Executive is the Secretary) a written
      request for review of his claim. If the claimant does riot file a request for
      review with the Company within such 30-day period, the claimant shall be deemed
      to have acquiesced in the original decision of the Company on his claim. If
      a
      written request for review is so filed within such 30-day period, the Company
      shall conduct a full and fair review of such claim.

     

    During
      such full review, the claimant shall be given the opportunity to review
      documents that are pertinent to his claim and to submit issues and comments
      in
      writing. The Company shall notify the claimant of its decision on review within
      sixty (60) days after receipt of a request for review. Notice of the decision
      on
      review shall be in writing. If the decision on review is not furnished to the
      claimant within such 60-day period, the claim shall be deemed to have been
      denied on review.

     

    (e) Requirement
      of Receipt.
      Upon
      receipt of any Severance Compensation or a Gross-up Payment hereunder, the
      Company reserves the right to require any Executive to execute a receipt
      evidencing the amount and payment of such Severance Compensation and/or Gross-up
      Payment.

     

    21. Amendment
      and Termination.
      The
      Company reserves the right, except as hereinafter provided, at any time and
      from
      time to time, to amend, modify, or change the Plan and/or any Committee Action,
      including any Exhibit thereto; provided,
      however,
      that
      any such amendment, modification or change that adversely affects the rights
      of
      any Executive under the Plan may not be made without the written consent of
      any
      such Executive. Notwithstanding the foregoing, the Company may amend the Plan
      as
      necessary to comply with Section 409A of the Code without obtaining the consent
      of an Executive. The Company may terminate the Plan only as provided in Section
      2.

     

     

14

	 

    22. Other
      Plans, etc.
      If the
      terms of this Plan are inconsistent with the provisions of any other plan,
      program, contract or arrangement of the Company, to the extent such plan,
      program, contract or arrangement may be amended by the Company, the terms of
      the
      Plan will be deemed to so amend such plan, program, contract or arrangement,
      and
      the terms of the Plan will govern.

     

15

	 

    EXHIBIT
      A

     

     

    COOPER-STANDARD
      AUTOMOTIVE INC.

    CHANGE
      OF CONTROL SEVERANCE PLAN

     

    List
      of
      Participants

    

    CHIEF
      EXECUTIVE OFFICER

    

    James
      S.
      McElya 

     

    MEMBERS
      OF THE OPERATIONS GROUP

    

    Larry
      J.
      Beard

    Allen
      J.
      Campbell

    Edward
      A.
      Hasler

    

    

    MEMBERS
      OF THE MANAGEMENT GROUP

    

    

    

    Timothy
      W. Hefferon

    Brian
      O’Loughlin

    Gary
      T.
      Phillips

    Michael
      C. Verwilst

    Helen
      T.
      Yantz

	  				16

	   

    EXHIBIT
      B

     

     

    COOPER-STANDARD
      AUTOMOTIVE INC.

    CHANGE
      OF CONTROL SEVERANCE PLAN

     

    Severance
      Compensation

     

    1. Severance
      Pay.
      Each
      Executive whose employment is terminated pursuant to Section 4(b) or who
      terminates his employment pursuant to Section 4(c) shall, subject to the
      provisions of paragraph 4 of this Exhibit B, receive Severance Pay from the
      Company as follows:

     

    (a) a
      single
      lump sum cash payment within five (5) days following the expiration of the
      revocation period provided for in Exhibit D equal to the Executive’s then
      current Base Pay; 

     

    (b) a
      pro
      rata portion of any annual bonus or long-term cash incentive compensation,
      if
      any, that Executive would have been entitled to receive in respect of such
      year
      based upon the percentage of the fiscal year that shall have elapsed through
      the
      date of Executive’s termination of employment, payable when such annual bonus or
      long-term cash incentive would have otherwise been payable had Executive’s
      employment not terminated;

     

    (c) a
      single
      lump sum cash payment within five (5) days following the expiration of such
      revocation period, or if later, within ten (10) business days after such
      termination, equal to three (3) (for the Chief Executive Officer), two (2)
      (for
      members of the Operations Group), one (1) (for members of the Management Group)
      or the multiple set forth in a Committee Action (for any other Executive) times
      the sum of the Executive’s (i) Base Pay plus (ii) target annual incentive cash
      compensation for the year prior to the Change of Control;

     

    (d) a
      single
      lump sum cash payment within five (5) days following the expiration of such
      revocation period, or if later, within ten (10) business days after such
      termination, equal to the actuarial equivalent of the excess of (1) the
      retirement pension (determined as a straight line annuity commencing at age
      sixty-five (65) or the first of the month following the Executive’s termination
      of employment, whichever is later) which he would have accrued under the terms
      of the Retirement Plans in which he was participating (without regard to any
      amendment to such Retirement Plans or other pension benefit program described
      herein after the date of the Change of Control), determined as if the Executive
      were fully vested thereunder and had accumulated (after the date of termination)
      thirty-six (36) additional months (for the Chief Executive Officer), twenty-four
      (24) additional months (for members of the Operations Group), twelve (12)
      additional months (for members of the Management Group)(or, if greater, the
      number of months remaining in the Severance Period) of service credit thereunder
      at his highest annual pensionable compensation (as determined pursuant to the
      terms of the Retirement Plans) during any calendar year for the five (5) years
      immediately preceding the year in which the date of termination occurs, over
      (2)
      the retirement pension 

     

					17

	 

    (determined
      as a straight life annuity commencing at age sixty-five (65) or the first of
      the
      month following the Executive’s termination of employment, whichever is later)
      which Executive had then accrued pursuant to the provisions of such Retirement
      Plans. For purposes of this paragraph, “actuarial equivalent” shall be
      determined using all of the same mortality, interest rate and other methods
      and
      assumptions as are used from time to time to determine “actuarial equivalence”
for lump sum benefits under the applicable Retirement Plans;

     

    (e) for
      thirty-six (36) months (for the Chief Executive Officer) and twenty-four (24)
      months (for other Executives) following his date of termination, the Company
      shall arrange to provide Executive with life and health insurance benefits
      substantially similar to those to which Executive and Executive’s eligible
      dependents were entitled immediately prior to his termination. Any benefit
      elections pertaining to Executive during such period shall be consistent with
      the elections in effect for Executive immediately prior to his termination.
      If
      and to the extent that any benefit described in this paragraph (e) is not or
      cannot be paid or provided under any policy, plan, program or arrangement of
      the
      Company, then the Company will itself pay or provide for the payment to
      Executive and Executive’s covered dependents, of such benefits along with, in
      the case of any benefits described in this paragraph (e) that is subject to
      tax
      because it is not or cannot be paid or provided under any such policy, plan,
      program or arrangement of the Company or any affiliated employer, an additional
      amount (the “Tax Payment”) such that after payment by Executive or Executive’s
      dependents or beneficiaries, as the case may be, of all taxes so imposed, the
      recipient retains an amount equal to such taxes; provided,
      however,
      that
      (i) such benefit must have been non-taxable to Executive during his employment
      or (ii) such benefit must have been taxable to Executive during his active
      employment but Executive must have been reimbursed for all taxes so imposed.
      The
      Tax Payment shall be paid in the first calendar quarter following the calendar
      year to which it pertains. Notwithstanding the foregoing, or any other provision
      of the Company’s health insurance plan, for purposes of determining the period
      of continuation coverage to which Executive or any of his dependents is entitled
      pursuant to Section 4980B of the Code under the Company’s medical, dental and
      other group health plans, or successor plans, Executive’s “qualifying event”
will be the termination of the 36-month or 24-month period, as applicable,
      described herein. Benefits otherwise receivable by Executive or his eligible
      dependents pursuant to this paragraph (e) shall be reduced to the extent
      comparable benefits are actually received by Executive and his eligible
      dependents during the remainder of such period following Executive’s
      termination, and any such benefits actually received by Executive and his
      eligible dependents shall be reported to the Company. If the provision of such
      health insurance benefits by the Company on a self-insured basis would cause
      the
      Executive to be subject to additional tax under Code Section 409A, then for
      the
      minimum time period required to avoid such additional tax, the Company shall
      provide such benefits to Executive (and his eligible dependents) through an
      insured arrangement that provides substantially equivalent
      benefits;

     

    (f) following
      the end of the period specified in paragraph (e), the Company shall arrange
      to
      provide medical and life insurance coverages to Executive and his spouse for
      their lifetimes, and Executive’s dependent children until they cease to be
      eligible as “dependents” under the terms of the Company’s plans as in effect at
      the time of the 

     

					18

	 

    Change
      of
      Control (e.g., as a result of reaching age 19) substantially equivalent (taking
      into account Medicare benefits to which they may become entitled) to those
      provided to Executive, his spouse and dependents under the Company’s employee
      plans based on Executive’s elections in effect immediately preceding the Change
      of Control, and at a cost to Executive, his spouse and dependent children not
      greater that the costs pertaining to them as in effect immediately prior to
      the
      Change of Control. Benefits otherwise receivable by Executive or his eligible
      dependents pursuant to this paragraph (f) shall be reduced to the extent
      comparable benefits are actually received by Executive and his eligible
      dependents during the remainder of such period following Executive’s
      termination, and any such benefits actually received by Executive or his
      eligible dependents shall be reported to the Company. If
      the
      provision of such health insurance benefits by the Company on a self-insured
      basis would cause the Executive to be subject to additional tax under Code
      Section 409A, then for the minimum time period required to avoid such additional
      tax, the Company shall provide such benefits to Executive (and his eligible
      dependents) through an insured arrangement that provides substantially
      equivalent benefits;
      and

     

    (g) outplacement
      services by a firm selected by the Executive so long as such services are
      commenced within twelve (12) months following termination and are completed
      prior to the end of the second calendar year following the year in which the
      Executive’s termination of employment occurs, at the expense of the Company in a
      reasonable amount not to exceed the lesser of 15% of the Executive’s Base Pay or
      $50,000, payable within thirty (30) days after receipt of an invoice from the
      outplacement firm.

     

    2. Non-Compete
      Period.
      The
      non-competition period for each Executive shall be for so long as the Executive
      is employed by the Company and continuing for two (2) years (for the Chief
      Executive Officer and for members of the Operations Group) and one (1) year
      (for
      members of the Management Group) after the termination of such
      employment.

     

    3. Offset.
      Notwithstanding the foregoing, any amounts and benefits payable under paragraph
      1 above shall be reduced, and offset, by (i) any amounts and benefits payable
      to
      the Executive under the Cooper Tire & Rubber Company Change in Control
      Severance Pay Plan and (ii) the amounts and benefits payable to Executive as
      severance or termination benefits under any other agreements, plans, programs
      or
      arrangements of the Company or its Affiliates.

     

    4. Compliance
      with IRC Section 409A.
      Notwithstanding anything herein to the contrary, (i) if at the time of
      Executive’s termination of employment, Executive is a “specified employee” as
      defined in Section 409A of the Code and the deferral of the commencement of
      any
      payments or benefits otherwise payable hereunder as a result of such termination
      of employment is necessary in order to prevent any accelerated or additional
      tax
      under Section 409A of the Code, then the Company will defer the commencement
      of
      the payment of any such amounts or benefits hereunder (without any reduction
      in
      such payments or benefits ultimately paid or provided to Executive) until the
      date that is six months following Executive’s termination of employment with the
      Company (or the earliest date as is permitted under Section 409A of the Code)
      and (ii) if any other payments of money or other benefits due to Executive
      hereunder could cause the application of an accelerated or additional tax under
      Section 409A of the Code, 

     

					19

	 

    such
      payments or other benefits shall be deferred if deferral will make such payment
      or other benefits compliant under Section 409A of the Code, or otherwise such
      payment or other benefits shall be restructured, to the extent possible, in
      a
      manner, determined by the Board, that does not cause such an accelerated or
      additional tax. The Executive will be considered to have terminated employment
      hereunder for purposes of receiving payments subject to Section 409A of the
      Code
      only if his termination of employment constitutes a “separation from service”
within the meaning of Section 409A of the Code.

     

    

     

					20

	 

    EXHIBIT
      C

     

    COOPER-STANDARD
      AUTOMOTIVE INC

    CHANGE
      OF CONTROL SEVERANCE PAY PLAN

     

    Form
      of Confidentiality and Non-Compete Agreement

     

    WHEREAS,
      the Executive’s employment has been terminated in accordance with Section 4(b)
      of the Cooper-Standard Automotive Inc. Change of Control Severance Pay Plan,
      (the “Plan”)
      (capitalized terms used herein without definition have the meanings specified
      in
      the Plan); and

     

    WHEREAS,
      the Executive is required to sign this Confidentiality and Non-Compete Agreement
      (“Agreement”)
      in
      order to receive the Severance Compensation (as such term is defined in the
      Plan) as described in Exhibit B of the Plan and the other benefits described
      in
      the Plan.

     

    NOW
      THEREFORE, in consideration of the promises and agreements contained herein
      and
      other good and valuable consideration, the sufficiency and receipt of which
      are
      hereby acknowledged, and intending to be legally bound, the Executive agrees
      as
      follows:

     

    1. Effective
      Date of Agreement.
      This
      Agreement is effective on the date hereof and continue in effect as provided
      herein.

     

    2. Confidentiality;
      Confidential Information.
      In
      consideration of the payments to be made and the benefits to be received by
      the
      Executive pursuant to the Plan:

     

    (a) Executive
      acknowledges and agrees that in the performance of his duties as an employee
      of
      the Company or its Affiliates, he was and will continue to be brought into
      frequent contact with, had and will continue to have access to, and became
      and
      will continue to become informed of confidential and proprietary information
      of
      the Company and its Affiliates and/or information which is a trade secret of
      the
      Company and/or its affiliates (collectively, “Confidential
      Information”),
      as
      more fully described in paragraph (b) of this Section. Executive acknowledges
      and agrees that the Confidential Information of the Company and its Affiliates
      gained by Executive during his association with the Company and its Affiliates
      was, is and will be developed by and/or for the Company and its affiliates
      through substantial expenditure of time, effort and money and constitutes
      valuable and unique property of the Company and its Affiliates.

     

    (b) The
      Executive will keep in strict confidence, and will not, directly or indirectly,
      at any time, disclose, furnish, disseminate, make available, use or suffer
      to be
      used in any manner any Confidential Information of the Company or its Affiliates
      without limitation as to when or how the Executive may have acquired such
      Confidential Information (subject to subsection (d). The Executive specifically
      acknowledges that Confidential Information includes any and all information,
      whether reduced to writing (or in a form from which information can be obtained,
      translated, or derived into reasonably usable form), or maintained in the mind
      or memory of the Executive and whether compiled or created by the Company or
      its
      Affiliates, which derives independent 

     

					21

	 

    economic
      value from not being readily known to or ascertainable by proper means by others
      who can obtain economic value from the disclosure or use of such information,
      that reasonable efforts have been put forth by the Company and its Affiliates
      to
      maintain the secrecy of Confidential Information, that such Confidential
      Information is and will remain the sole property of the Company and its
      Affiliates, and that any retention (in tangible form) or use by the Executive
      of
      Confidential Information not in the good faith performance of his duties in
      the
      best interest of the Company or, in any case, after the termination of the
      Executive’s employment with and services for the Company and its Affiliates
      shall constitute a misappropriation of the Company’s Confidential
      Information.

     

    (c) The
      Executive further agrees that he shall return, within ten (10) days of the
      effective date of his termination as an employee of the Company and its
      Affiliates, in good condition, all property of the Company and its Affiliates
      then in his possession, including, without limitation, whether in hard copy
      or
      in any other media (i) property, documents and/or all other materials (including
      copies, reproductions, summaries and/or analyses) which constitute, refer or
      relate to Confidential Information of the Company or its Affiliates, (ii) keys
      to property of the Company or its Affiliates, (iii) files and (iv) blueprints
      or
      other drawings.

     

    (d) The
      Executive further acknowledges and agrees that his obligation of confidentiality
      shall survive until and unless such Confidential Information of the Company
      or
      its Affiliates shall have become, through no fault of the Executive, generally
      known to the industry or the Executive is required by law (after providing
      the
      Company with notice and opportunity to contest such requirement) to make
      disclosure. The Executive’s obligations under this Section are in addition to,
      and not in limitation or preemption of, all other obligations of confidentiality
      which the Executive may have to the Company and its Affiliates under general
      legal or equitable principles or statutes.

     

    3. Non-Compete.
      The
      Executive agrees that he will not, for a period of two (2) years (for the Chief
      Executive Officer and for members of the Operations Group) and one (1) year
      (for
      members of the Management Group) following his termination with the Company
      and
      its Affiliates, engage in Competitive Activity.

     

    4. Nonsolicitation.
      The
      Executive further agrees that he will not, directly or indirectly, for a period
      of two (2) years (for the Chief Executive Officer and for members of the
      Operations Group) and one (1) year (for members of the Management Group)
      following his termination with the Company and its Affiliates:

     

    (a) induce
      or
      attempt to induce customers, business relations or accounts of the Company
      or
      any of its Affiliates to relinquish their contracts or relationships with the
      Company or any of its Affiliates; or

     

    (b) solicit,
      entice, assist or induce other employees, agents or independent contractors
      to
      leave the employ of the Company or any of its Affiliates or to terminate their
      engagements with the Company and/or any of its Affiliates or assist any
      competitors of the Company or any of its Affiliates in securing the services
      of
      such employees, agents or independent contractors.

     

					22

	 

    5. Definitions.
      For
      purposes of this Agreement, “Competitive
      Activity”
means
      the Executive’s participation, without the written consent of any one of the
      Chairman, Chief Executive Officer, or Chief Operating Officer (except where
      Executive holds any of such positions, in which case the Board shall be required
      to provide such written consent), if any, of the Company, in the management
      of
      any business enterprise if such enterprise engages in substantial and direct
      competition with the Company or any its Affiliates and such enterprise’s sales
      of any product or service competitive with any product or service of the Company
      or its Affiliates amounted to 5% of such enterprise’s net sales for its most
      recently completed fiscal year and if the Company’s net sales of said product or
      service amounted to 5% of, as applicable, the Company’s or its Affiliate’s net
      sales for its most recently completed fiscal year. “Competitive Activity” will
      not include (i) the mere ownership of 5% or more of securities in any such
      enterprise and the exercise of rights appurtenant thereto or (ii) participation
      in the management of any such enterprise other than in connection with the
      competitive operations of such enterprise.

     

    IN
      WITNESS WHEREOF, the Executive has executed and delivered this Agreement on
      the
      date set forth below.

     

    
      	
              Dated:
                

            	 	 	 
	
            	
            	 	
              [                                        
                ]

              Executive

            

    

					23

	 

    EXHIBIT
      D

     

    COOPER-STANDARD
      AUTOMOTIVE INC.

    CHANGE
      OF CONTROL SEVERANCE PAY PLAN

     

    Form
      of Release

     

    WHEREAS,
      the Executive’s employment has been terminated in accordance with Section 4(b)
      or Section 4(c) of the Cooper-Standard Automotive Inc. Change of Control
      Severance Pay Plan (the “Plan”)
      (capitalized terms used herein without definition have the meanings specified
      in
      the Plan); and

     

    WHEREAS,
      the Executive is required to sign this Release in order to receive the Severance
      Compensation (as such term is defined in the Plan) as described in Exhibit
      B of
      the Plan and the other benefits described in the Plan.

     

    NOW
      THEREFORE, in consideration of the promises and agreements contained herein
      and
      other good and valuable consideration, the sufficiency and receipt of which
      are
      hereby acknowledged, and intending to be legally bound, the Executive agrees
      as
      follows:

     

    1. This
      Release is effective on the date hereof and will continue in effect as provided
      herein.

     

    2. In
      consideration of the payments to be made and the benefits to be received by
      the
      Executive pursuant to the Plan, which the Executive acknowledges are in addition
      to payments and benefits which the Executive would be entitled to receive absent
      the Plan, the Executive, for himself and his dependents, successors, assigns,
      heirs, executors and administrators (and his and their legal representatives
      of
      every kind), hereby releases, dismisses, remises and forever discharges
      Cooper-Standard Automotive Inc. (“Cooper”),
      its
      predecessors, parents, subsidiaries, divisions, related or Affiliated companies,
      officers, directors, stockholders, members, employees, heirs, successors,
      assigns, representatives, agents and counsel (the “Company”)
      from
      any and all arbitrations, claims, including claims for attorney’s fees, demands,
      damages, suits, proceedings, actions and/or causes of action of any kind and
      every description, whether known or unknown, which Executive now has or may
      have
      had for, upon, or by reason of any cause whatsoever (“claims”),
      against the Company, including but not limited to:

     

    (a) any
      and
      all claims arising out of or relating to Executive’s employment by or service
      with the Company and his termination from the Company;

     

    (b) any
      and
      all claims of discrimination, including but not limited to claims of
      discrimination on the basis of sex, race, age, national origin, marital status,
      religion or handicap, including, specifically, but without limiting the
      generality of the foregoing, any claims under the Age Discrimination in
      Employment Act, as amended, Title VII of the Civil Rights Act of 1964, as
      amended, the Americans with Disabilities Act, The Elliott-Larsen Civil Rights
      Act, the Michigan Handicappers’ Civil Rights Act, the Michigan Wage Payment Act
      (MCLA Section 408.471), the Polygraph Protection Act of 1981, the 

     

					24

	 

    Michigan
      Whistleblower’s Protection Act (MCLA Section 15.361), the common law of the
      State of Michigan,1 
      and any
      other applicable state statutes and regulations; and provided,
      however,
      that
      the foregoing shall not apply to claims to enforce rights that Executive may
      have as of the date hereof or in the future under any of Cooper’s health,
      welfare, retirement, pension or incentive plans, under any indemnification
      agreement between the Executive and Cooper, under Cooper’s indemnification
      by-laws, under the directors’ and officers’ liability coverage maintained by
      Cooper, under the applicable provisions of the Delaware General Corporation
      Law,
      or that Executive may have in the future under the Plan or under this
      Release.

     

    (c) any
      and
      all claims of wrongful or unjust discharge or breach of any contract or promise,
      express or implied.

     

    3. Executive
      understands and acknowledges that the Company does not admit any violation
      of
      law, liability or invasion of any of his rights and that any such violation,
      liability or invasion is expressly denied. The consideration provided for this
      Release is made for the purpose of settling and extinguishing all claims and
      rights (and every other similar or dissimilar matter) that Executive ever had
      or
      now may have against the Company to the extent provided in this Release.
      Executive further agrees and acknowledges that no representations, promises
      or
      inducements have been made by the Company other than as appear in the
      Plan.

     

    4. Executive
      further agrees and acknowledges that:

     

    (a) The
      release provided for herein releases claims to and including the date of this
      Release;

     

    (b) Executive
      has been advised by the Cooper to consult with legal counsel prior to executing
      this Release, has had an opportunity to consult with and to be advised by legal
      counsel of his choice, fully understands the terns of this Release, and enters
      into this Release freely, voluntarily and intending to be bound;

     

    (c) Executive
      has been given a period of 21 days to review and consider the terms of this
      Release prior to its execution and that he may use as much of the 21 day period
      as he desires; and

     

    (d) Executive
      may, within 7 days after execution, revoke this Release. Revocation shall be
      made by delivering a written notice of revocation to the General Counsel at
      Cooper. For such revocation to be effective, written notice must be actually
      received by the General Counsel at Cooper (or any successor thereto) no later
      than the close of business on the 7th day after Executive executes this Release.
      If Executive does exercise his right to revoke this Release, all of the terms
      and conditions of the Release shall be of no force and effect and Cooper shall
      not have any obligation to make payments or provide benefits to Executive as
      set
      forth in the Plan.

     

      
        

      

    

    
      	
              1

            	
              Insert
                applicable local law for executives outside of Michigan.
                

            

    

     

					25

	 

    5. Executive
      agrees that he will never file a lawsuit or other complaint asserting any claim
      that is released in this Release.

     

    6. Executive
      waives and releases any claim that he has or may have to reemployment after
      the
      date of this Release.

     

    IN
      WITNESS WHEREOF, the Executive has executed and delivered this Release on the
      date set forth below.

     

    
      	
              Dated:
                

            	 	 	 
	
            	
            	 	
              [                                     
                ]

              Executive

            

    

    

    

      
         

        
						26Exhibit 10.31
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		2004 COOPER-STANDARD HOLDINGS INC.
	 

	 
		STOCK INCENTIVE PLAN
	 

	 
		(As Amended and Restated Effective January 1, 2007)
	 

	 
		

	 

	 
		1.
	 

	 
		Purpose of the Plan
	 

	 
		The purpose of the Plan is to aid the Company and its Affiliates in
		recruiting and retaining key employees, directors or consultants of outstanding
		ability and to motivate such employees, directors or consultants to exert their
		best efforts on behalf of the Company and its Affiliates by providing
		incentives through the granting of Awards.  The Company expects that it
		will benefit from the added interest which such key employees, directors or
		consultants will have in the welfare of the Company as a result of their
		proprietary interest in the Company’s success.
	 

	 
		2.
	 

	 
		Definitions
	 

	 
		The following capitalized terms used in the Plan have the respective
		meanings set forth in this Section:
	 

	 
		(a)
	 

	 
		Act:  The Securities Exchange Act of 1934, as amended, or any
		successor thereto.
	 

	 
		(b)
	 

	 
		Affiliate:  With respect to an entity, any entity directly or
		indirectly controlling, controlled by, or under common control with, such first
		entity.
	 

	 
		(c)
	 

	 
		Award:  An Option or Other Stock-Based Award granted pursuant
		to the Plan.
	 

	 
		(d)
	 

	 
		Board:  The Board of Directors of the Company.
	 

	 
		(e)
	 

	 
		Change of Control:  The occurrence of any of the following
		events after the Effective Date:
	 

	 
		(i) the sale or disposition, in one or a series of related transactions,
		of all or substantially all of the assets of the Company to any
		“person” or “group” (as such terms are defined in Sections
		13(d)(3) and 14(d)(2) of the Exchange Act) other than Permitted Holders or (ii)
		any person or group, other than Permitted Holders, is or becomes the
		“beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the
		Exchange Act), directly or indirectly, of greater than or equal to 50% of the
		total voting power of the voting stock of the Company, including by way of
		merger, consolidation or otherwise, except where one or more of the Sponsors
		and/or any of their respective Affiliates immediately following such merger,
		consolidation or other transaction, continue to have the ability to designate
		or elect a majority of the Board (or the board of directors of the resulting
		entity or its parent company).
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
	 
		2
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		(f)
	 

	 
		Code:  The Internal Revenue Code of 1986, as amended, or any
		successor thereto.
	 

	 
		(g)
	 

	 
		Committee:  The Board or any committee to which the Board
		delegates duties and powers hereunder.
	 

	 
		(h)
	 

	 
		Company:  Cooper-Standard Holdings Inc., a Delaware
		corporation.
	 

	 
		(i)
	 

	 
		Effective Date:  The date the Board approves the Plan, or
		such later date as is designated by the Board.
	 

	 
		(j)
	 

	 
		Employment:  The term “Employment” as used herein
		shall be deemed to refer to (i) a Participant’s employment if the
		Participant is an employee of the Company or any of its Affiliates, (ii) a
		Participant’s services as a consultant, if the Participant is consultant
		to the Company or its Affiliates and (iii) a Participant’s services as an
		non-employee director, if the Participant is a non-employee member of the
		Board.
	 

	 
		(k)
	 

	 
		Fair Market Value:  On a given date, (i) if there is a public
		market for the Shares on such date, the average of the high and low closing bid
		prices of the Shares as reported on such date on the Composite Tape of the
		principal national securities exchange on which such Shares are listed or
		admitted to trading, or, if the Shares are not listed or admitted on any
		national securities exchange, the arithmetic mean of the per Share closing bid
		price and per Share closing asked price on such date as quoted on the National
		Association of Securities Dealers Automated Quotation System (or such market in
		which such prices are regularly quoted)(the “NASDAQ”), or, if no sale
		of Shares shall have been reported on the Composite Tape of any national
		securities exchange or quoted on the NASDAQ on such date, on the closest
		preceding date on which there were sales of Shares or (ii) if there is no
		public market for the Shares on such date, the Fair Market Value of the Shares
		will be as determined in good faith by the Board; provided  that
		with respect to Awards granted on or shortly following the occurrence of the
		Closing Date under the Stock Purchase Agreement among Cooper Tire & Rubber
		Company, Cooper Tyre & Rubber Company UK Limited and the Company dated as
		of September 16, 2004, unless otherwise determined by the Board, the Fair
		Market Value shall be deemed to be the price per share of common stock paid on
		the Closing Date by the Sponsors.
	 

	 
		(l)
	 

	 
		Other Stock-Based Awards:  Awards granted pursuant to Section
		7 of the Plan.
	 

	 
		(m)
	 

	 
		Option:  A stock option granted pursuant to Section 6 of the
		Plan.
	 

	 
		(n)
	 

	 
		Option Price:  The purchase price per Share of an Option, as
		determined pursuant to Section 6(a) of the Plan.
	 

	 
		
 

	 

	 
		

	 

	 
	 
		3
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		(o)
	 

	 
		Participant:  An employee, director or consultant who is
		selected by the Committee to participate in the Plan.
	 

	 
		(p)
	 

	 
		Permitted Holder:  As of the date of determination, any and
		all of (i) an employee benefit plan (or trust forming a part thereof)
		maintained by (A) the Company or its Affiliate or (B) any corporation or other
		Person of which a majority of its voting power of its voting equity securities
		or equity interest is owned, directly or indirectly, by the Company or its
		Affiliate and (ii) Cypress Merchant Banking Partners II L.P., Cypress Merchant
		Banking II C.V., 55th Street Partners II L.P., Cypress Side-By-Side
		LLC, GS Capital Partners 2000, L.P., GS Capital Partners 2000 Offshore, L.P.,
		GS Capital Partners 2000 GmbH & Co. Beteiligungs KG, GS Capital Partners
		2000 Employee Fund, L.P. and Goldman Sachs Direct Investment Fund 2000, L.P.
		(collectively, the “Sponsors”) and any of their respective
		Affiliates.
	 

	 
		(q)
	 

	 
		Person:  A “person”, as such term is used for
		purposes of Section 13(d) or 14(d) of the Act (or any successor section
		thereto).
	 

	 
		(r)
	 

	 
		Plan:  The 2004 Cooper-Standard Holdings Inc. Stock Incentive
		Plan.
	 

	 
		(s)
	 

	 
		Shares:  Shares of common stock of the Company.
	 

	 
		(t)
	 

	 
		Subsidiary:  A subsidiary corporation, as defined in Section
		424(f) of the Code (or any successor section thereto).
	 

	 
		3.
	 

	 
		Shares Subject to the Plan
	 

	 
		The total number of Shares which may be issued under the Plan is 228,615.
		 The Shares may consist, in whole or in part, of unissued Shares or
		treasury Shares.  The issuance of Shares or the payment of cash upon the
		exercise of an Award or in consideration of the cancellation or termination of
		an Award shall reduce the total number of Shares available under the Plan, as
		applicable.  Shares which are subject to Awards which terminate or lapse
		without the payment of consideration may be granted again under the Plan.
	 

	 
		4.
	 

	 
		Administration
	 

	 
		The Plan shall be administered by the Committee, which may delegate its
		duties and powers in whole or in part to any subcommittee thereof.  Awards
		may, in the discretion of the Committee, be made under the Plan in assumption
		of, or in substitution for, outstanding awards previously granted by the
		Company or its Affiliates or a company acquired by the Company or with which
		the Company combines.  The number of Shares underlying such substitute
		awards shall be counted against the aggregate number of Shares available for
		Awards under the Plan.  The Committee is authorized to interpret the Plan,
		to establish, amend and rescind any rules and regulations relating to the Plan,
		and to make any other determinations that it deems necessary or desirable for
		the administration of the Plan.  The Committee may correct any defect or
		supply any omission or reconcile any inconsistency in the Plan in the manner
		and to the extent the Committee deems necessary or desirable.  Any
		decision of or calculation by the
	 

	 
		
 

	 

	 
		

	 

	 
	 
		4
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		Committee in the interpretation and administration of the Plan, as
		described herein, shall lie within its sole and absolute discretion and shall
		be final, conclusive and binding on all parties concerned (including, but not
		limited to, Participants and their beneficiaries or successors).  The
		Committee shall have the full power and authority to establish the terms and
		conditions of any Award consistent with the provisions of the Plan and to waive
		any such terms and conditions at any time (including, without limitation,
		accelerating or waiving any vesting conditions).  The Committee shall
		require payment of any amount it may determine to be necessary to withhold for
		federal, state, local or other taxes as a result of the exercise, grant or
		vesting of an Award.  Unless the Committee specifies otherwise, the
		Participant may elect to pay a portion or all of the minimum statutory required
		withholding taxes by (a) delivery in Shares or (b) having Shares
		withheld by the Company from any Shares that would have otherwise been received
		by the Participant.  Notwithstanding the foregoing, no outstanding Award
		may be amended pursuant to this Section 4 without compliance with Section
		12(b).
	 

	 
		5.
	 

	 
		Limitations
	 

	 
		No Award may be granted under the Plan after the tenth anniversary of the
		Effective Date, but Awards theretofore granted may extend beyond that date.
	 

	 
		6.
	 

	 
		Terms and Conditions of Options
	 

	 
		Options granted under the Plan shall be nonqualified stock options and
		shall be subject to the foregoing and the following terms and conditions and to
		such other terms and conditions, not inconsistent therewith, as the Committee
		shall determine:
	 

	 
		(a)
	 

	 
		Option Price.  The Option Price per Share shall be determined
		by the Committee, but shall not be less than 100% of the Fair Market Value of
		the Shares on the date an Option is granted.
	 

	 
		(b)
	 

	 
		Exercisability.  Options granted under the Plan shall be
		exercisable at such time and upon such terms and conditions as may be
		determined by the Committee, but in no event shall an Option be exercisable
		more than ten years after the date it is granted.
	 

	 
		(c)
	 

	 
		Exercise of Options.  Except as otherwise provided in the
		Plan or in an Award agreement, an Option may be exercised for all, or from time
		to time any part, of the Shares for which it is then exercisable.  For
		purposes of Section 6 of the Plan, the exercise date of an Option shall be the
		later of the date a notice of exercise is received by the Company and, if
		applicable, the date payment is received by the Company pursuant to clauses
		(i), (ii), (iii) or (iv) in the following sentence.  The Option Price for
		the Shares as to which an Option is exercised shall be paid to the Company in
		full at the time of exercise at the election of the Participant (i) in
		cash or its equivalent (e.g., by check), (ii) to the extent permitted by
		the Committee, in Shares having a Fair Market Value equal to the aggregate
		Option Price for the Shares being purchased and satisfying such other
		requirements as may be imposed by the Committee; provided, that such
		Shares have been held by the Participant for no less than six months (or such
		other period as
	 

	 
		
 

	 

	 
		

	 

	 
	 
		5
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		established from time to time by the Committee in order to avoid adverse
		accounting treatment applying generally accepted accounting principles),
		(iii) partly in cash and, to the extent permitted by the Committee,
		partly in such Shares or (iv) if there is a public market for the Shares
		at such time, through the delivery of irrevocable instructions to a broker to
		sell Shares obtained upon the exercise of the Option and to deliver promptly to
		the Company an amount out of the proceeds of such Sale equal to the aggregate
		Option Price for the Shares being purchased.  No Participant shall have
		any rights to dividends or other rights of a stockholder with respect to Shares
		subject to an Option until the Participant has given written notice of exercise
		of the Option, paid in full for such Shares and, if applicable, has satisfied
		any other conditions imposed by the Committee pursuant to the Plan.
	 

	 
		(d)
	 

	 
		Attestation.  Wherever in this Plan or any agreement
		evidencing an Award a Participant is permitted to pay the exercise price of an
		Option or taxes relating to the exercise of an Option by delivering Shares, the
		Participant may, subject to procedures satisfactory to the Committee, satisfy
		such delivery requirement by presenting proof of beneficial ownership of such
		Shares, in which case the Company shall treat the Option as exercised without
		further payment and shall withhold such number of Shares from the Shares
		acquired by the exercise of the Option.
	 

	 
		7.
	 

	 
		Other Stock-Based Awards
	 

	 
		The Committee, in its sole discretion, may grant or sell Awards of
		Shares, Awards of restricted Shares and Awards that are valued in whole or in
		part by reference to, or are otherwise based on the Fair Market Value of,
		Shares (“Other Stock-Based Awards”).  Such Other Stock-Based
		Awards shall be in such form, and dependent on such conditions, as the
		Committee shall determine, including, without limitation, the right to receive,
		or vest with respect to, one or more Shares (or the equivalent cash value of
		such Shares) upon the completion of a specified period of service, the
		occurrence of an event and/or the attainment of performance objectives.
		 Other Stock-Based Awards may be granted alone or in addition to any other
		Awards granted under the Plan.  Subject to the provisions of the Plan, the
		Committee shall determine to whom and when Other Stock-Based Awards will be
		made, the number of Shares to be awarded under (or otherwise related to) such
		Other Stock-Based Awards; whether such Other Stock-Based Awards shall be
		settled in cash, Shares or a combination of cash and Shares; and all other
		terms and conditions of such Awards (including, without limitation, the vesting
		provisions thereof and provisions ensuring that all Shares so awarded and
		issued shall be fully paid and non-assessable).
	 

	 
		8.
	 

	 
		Adjustments Upon Certain Events
	 

	 
		Notwithstanding any other provisions in the Plan to the contrary, the
		following provisions shall apply to all Awards granted under the Plan:
	 

	 
		
 

	 

	 
		

	 

	 
	 
		6
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		(a)
	 

	 
		Generally.  In the event of any change in the outstanding
		Shares after the Effective Date by reason of any Share dividend or split,
		reorganization, recapitalization, merger, consolidation, spin-off, combination,
		combination or transaction or exchange of Shares or other corporate exchange,
		or any distribution to shareholders of Shares other than regular cash dividends
		or any other transaction which in the judgment of the Board necessitates an
		adjustment to prevent dilution or enlargement of the benefits or potential
		benefits intended to be made available under this Plan, the Committee shall
		make such substitution or adjustment, in such manner as it deems equitable, as
		to (i) the number or kind of Shares or other securities issued or reserved for
		issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the
		Option Price and/or (iii) any other affected terms of such Awards.
	 

	 
		Unless the Committee determines otherwise, any such adjustment to an
		Award that is exempt from Code Section 409A shall be made in manner that
		permits the Award to continue to be so exempt, and any adjustment to an Award
		that is subject to Code Section 409A shall be made in a manner that complies
		with the provisions thereof.  Further, the number of Shares subject to any
		Award payable or denominated in Shares must always be a whole number.
		 Notwithstanding the foregoing, in the case of a stock dividend (other
		than a stock dividend declared in lieu of an ordinary cash dividend) or
		subdivision or combination of the Shares (including a reverse stock split), if
		no action is taken by the Board or Committee, adjustments contemplated by this
		subsection that are proportionate shall nevertheless automatically be made as
		of the date of such stock dividend or subdivision or combination of the Shares.

	 

	 
		(b)
	 

	 
		Change of Control. In the event of a Change of Control after the
		Effective Date, (i) if and to the extent determined by the Committee in the
		applicable Award agreement or otherwise, any outstanding Awards then held by
		Participants which are unexercisable or otherwise unvested or subject to lapse
		restrictions may be deemed exercisable or otherwise vested or no longer subject
		to lapse restrictions, as the case may be, as of immediately prior to such
		Change of Control and (ii) the Committee may, but shall not be obligated to,
		with respect to some or all of the outstanding Awards (A) cancel such Awards
		for fair value (as determined in the sole discretion of the Committee) which,
		in the case of Options, may equal the excess, if any, of value of the
		consideration to be paid in the Change of Control transaction to holders of the
		same number of Shares subject to such Options (or, if no consideration is paid
		in any such transaction, the Fair Market Value of the Shares subject to such
		Options) over the aggregate exercise price of such Options or (B) provide for
		the issuance of substitute Awards that will substantially preserve the
		otherwise applicable terms of any affected Awards previously granted hereunder
		as determined by the Committee in its sole discretion or (C) provide that for a
		period of at least 15 days prior to the Change of Control, any such Options
		shall be
	 

	 
		
 

	 

	 
		

	 

	 
	 
		7
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		exercisable as to all shares subject thereto and that upon the occurrence
		of the Change of Control, such Options shall terminate and be of no further
		force and effect.
	 

	 
		9.
	 

	 
		No Right to Employment or Awards
	 

	 
		The granting of an Award under the Plan shall impose no obligation on the
		Company or any Affiliate to continue the Employment of a Participant and shall
		not lessen or affect the Company’s or Affiliate’s right to terminate
		the Employment of such Participant.  No Participant or other Person shall
		have any claim to be granted any Award, and there is no obligation for
		uniformity of treatment of Participants, or holders or beneficiaries of Awards.
		 The terms and conditions of Awards and the Committee’s
		determinations and interpretations with respect thereto need not be the same
		with respect to each Participant (whether or not such Participants are
		similarly situated).
	 

	 
		10.
	 

	 
		Successors and Assigns
	 

	 
		The Plan shall be binding on all successors and assigns of the Company
		and a Participant, including without limitation, the estate of such Participant
		and the executor, administrator or trustee of such estate, or any receiver or
		trustee in bankruptcy or representative of the Participant’s creditors.
	 

	 
		11.
	 

	 
		Nontransferability of Awards
	 

	 
		Unless otherwise determined by the Committee, an Award shall not be
		transferable or assignable by the Participant otherwise than by will or by the
		laws of descent and distribution.  An Award exercisable after the death of
		a Participant may be exercised by the legatees, personal representatives or
		distributees of the Participant in accordance with the terms of such Award.
	 

	 
		12.
	 

	 
		Amendments or Termination
	 

	 
		The Board may amend, alter or discontinue the Plan, but no amendment,
		alteration or discontinuation shall be made, (a) without the approval of
		the shareholders of the Company, if such action would (except as is provided in
		Section 8 of the Plan), increase the total number of Shares reserved for
		the purposes of the Plan or (b) without the consent of a Participant, if
		such action would diminish any of the rights of the Participant under any Award
		theretofore granted to such Participant under the Plan; provided,
		however, that the Committee may amend the Plan in such manner as it
		deems necessary to permit the granting of Awards meeting the requirements of
		the Code or other applicable laws.
	 

	 
		13.
	 

	 
		International Participants
	 

	 
		With respect to Participants who reside or work outside the United States
		of America, the Committee may, in its sole discretion, amend the terms of the
		Plan or Awards with respect to such Participants in order to conform such terms
		to the requirements of local law.
	 

	 
		

	 

	 
		
 

	 

	 
		

	 

	 
	 
		8
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		14.
	 

	 
		Choice of Law
	 

	 
		The Plan shall be governed by and construed in accordance with the laws
		of the State of New York without regard to conflicts of laws.
	 

	 
		15.
	 

	 
		Effectiveness of the Plan
	 

	 
		The Plan shall be effective as of the Effective Date, subject to the
		approval of the shareholders of the Company.

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