Document:

Exhibit

EXHIBIT 10.5

DRiV INCORPORATED
SUPPLEMENTAL RETIREMENT PLAN
(Effective as of January 1, 2020)

1.History, Purpose and Effective Date.  The Tenneco Automotive Inc. Supplemental Retirement Plan (the “Plan”) was established effective as of January 1, 2005 by Tenneco Inc. (known as Tenneco Automotive Inc. prior to October 28, 2005, “Tenneco”).  The Plan was maintained as an unfunded plan for the purpose of providing retirement benefits with respect to certain salaried employees that are equal to retirement benefits lost under the Tenneco Employees Retirement Plan (previously known as the Tenneco Automotive Inc. Retirement Plan for Salaried Employees, the “Tenneco Retirement Plan”) as a result of the imposition of the limitations contained in the Internal Revenue Code of 1986, as amended (the “Code”).  The portion of the Plan that provides for benefits limited by Code Section 415 was maintained as an “excess benefit plan” as described in Section 3(36) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).  The other benefits provided for under the Plan were only available to a “select group of management or highly compensated employees” as determined by the committee that was then known as the Compensation/Nominating/ Governance Committee of the Board of Directors of the Company (the “Committee”), and the portion of the Plan providing such benefits was intended to satisfy the ERISA exemption requirements for a plan limited to such group.  Benefits under the Plan were frozen effective as of December 31, 2006, no person became a Participant in the Plan after December 31, 2006, no compensation or service (for purposes of benefit accrual) for periods after December 31, 2006 has been or shall be taken into account under the Plan, and no person accrued or shall accrue any additional benefits under the Plan after December 31, 2006.  Effective as of January 1, 2020 (the “Effective Date”), DRiV Incorporated (the “Company”), assumed sponsorship of, and all rights, powers duties and obligations of Tenneco under and with respect to, the Plan.  Capitalized terms set forth herein that are not otherwise defined shall have the meaning set forth in the DRiV Employees Retirement Plan (the “Retirement Plan”).  The following provisions constitute an amendment, restatement, and continuation of the Plan in the form of “DRiV Incorporated Supplemental Retirement Plan”.  For the avoidance of doubt, the purpose of the amendment and restatement of the Plan is to reflect the assumption of the Plan by the Company.  From and after the Effective Date, the Committee under the Plan shall refer to the Compensation Committee of the Board of Directors of the Company. 
2.Eligibility.  As of the Effective Date, the Plan shall remain frozen and no person shall become eligible to participate in the Plan or become a Participant in the Plan after the Effective Date.
3.Amount of Benefit.  The benefit payable under the Plan to a Participant, or the Participant’s Eligible Spouse, Eligible Child(ren) or other eligible beneficiary(ies), all as determined under the provisions of the Retirement Plan (the “Plan Benefit”), shall equal the excess, if any, of (a) over (b) where:
		
	(a)
	is the benefit that would be paid under the Retirement Plan if the provisions of the Retirement Plan were administered without regard to the limitations imposed by the Code and, only with respect to Participants who, at any time, were executive incentive level participants in Tenneco’s Value Added “TAVA” Incentive Compensation Plan (the “TAVA Plan”), if Final Average Compensation, as computed under the Retirement Plan, were determined on the basis of compensation paid during the three calendar years (of the five calendar year period ending no later than the calendar year immediately preceding his or her termination or retirement) for which such compensation is the highest, and increased by the quotient of (i) the total of the cash bonuses, as defined below, paid to the Participant in the three calendar years (during the same five calendar year period ending no later than the calendar year immediately preceding his or her termination or retirement) for which such total is the highest, divided by (ii) three or such lesser number of calendar years (included in such period) in which such bonuses were paid to the Participant; provided, that the calendar year including his or her termination or retirement shall be included if such event follows the payment of regular bonuses for that year; and provided, that bonuses and salary, respectively, deferred at the election of the Participant shall be counted only in the year that they would have been paid absent such election, and provided, further, that the foregoing language shall be applied to count bonuses which relate to a calendar year as paid in that year, for example, 2005 bonuses will be counted in 2005 notwithstanding the fact that they are actually paid in 2006; and

		
	(b)
	is the total benefit that is payable under the Retirement Plan.

Unless otherwise provided in writing, no benefit shall be payable under the Plan unless a benefit also is payable under the Retirement Plan.  Cash bonus means only cash bonuses paid under the TAVA Plan and other cash bonuses as the Committee determines.  Notwithstanding any other provision of the Plan, the Plan Benefit payable under the Plan to any Participant (or the Participant’s Eligible Spouse or Eligible Child(ren) or other eligible beneficiary(ies)) shall be equal to the Participant’s Plan Benefit under the Plan immediately prior to the Effective Date.  

4.Form of Benefit.  The Plan Benefit shall be in the form of a single lump sum payment and shall be payable as soon as practicable after the Participant’s separation from service (but in no event prior to the date on which the Participant attains age 55 and has completed at least 10 years of service or age 65 if the Participant has fewer than 10 years of service upon his separation from service); provided, however, that with respect to any Participant who is a ‘key employee’ as defined by Section 409A(a)(2)(B)(i) of the Code, payment of the Plan Benefit shall be made no earlier than six months from the Participant’s separation from service with the Company.  The actuarial factors set forth in the Retirement Plan shall be used to compute Plan Benefits, provided that, for purposes of a lump sum payment, the interest rate used shall be the annual rate of interest on 30 year Treasury securities as specified by the IRS for the second calendar month preceding the first day of the plan year during which the annuity starting date occurs, and the applicable mortality table described in Rev. Rul. 95-6, 1995-1 C.B., or in such other formal guidance as may be issued from time to time by the IRS.
5.Unfunded Plan.  The Plan shall be maintained as an unfunded non-qualified deferred compensation plan. All benefits under this Plan shall be payable from the general assets of the Company and its affiliates. No person shall be entitled to receive any benefits under this Plan from the funds of the Retirement Plan.
6.No Assignment.  No benefit under this Plan shall be assignable or alienable or subjected, by attachment or otherwise, to the claims of creditors of any person.
7.No Guarantee of Employment.  This Plan shall not be construed to give any Participant the right to be retained in the employment of the Company or any of its affiliates.
8.Operation and Administration.  This Plan shall be operated under the direction of and administration of the Committee.  The Committee shall have the sole and complete authority and discretion to interpret the terms and provisions of the Plan and to adopt, alter and repeal such administrative rules, regulations and practices governing the operation of the Plan, and to determine facts under the Plan as it shall from time to time deem advisable.  The Committee’s decision in all matters involving the interpretation and application of this Plan shall be final and binding.  The Committee shall establish a claims procedure which is consistent with the claims procedures employed under the Retirement Plan.
9.Governing Law.  To the extent not preempted by federal law, this Plan shall be construed, administered and enforced in accordance with the laws of the State of Illinois.
10.Amendment and Discontinuance.  The Company reserves the right, by action of the Committee, to amend or discontinue the Plan; provided, however, that no such amendment or discontinuance shall impair or adversely affect any benefits accrued under this Plan as of the date of such action.
11.Supplements and Special Provisions.  The provisions of the Plan as applied to any group of Participants may be modified or supplemented from time to time by the adoption of one or more Supplements.  Each Supplement shall form a part of the Plan as of the Supplement’s effective date.  In the event of any inconsistency between a Supplement and the Plan document, the terms of the Supplement shall govern.  
12.Special Section 409A Provisions.  It is intended that the Plan comply with the provisions of section 409A of the Code and all provisions of the Plan shall be construed and interpreted in accordance with the requirements of section 409A of the Code and applicable guidance thereunder.  Notwithstanding any other provision of this Plan to the contrary, if any payment or benefit hereunder is subject to section 409A of the Code, and if such payment or benefit is to be paid or provided on account of the Participant’s termination of employment (or other separation from service):
		
	(a)
	and if the Participant is a specified employee (within the meaning of section 409A(a)(2)(B) of the Code) and if any such payment or benefit is required to be made or provided prior to the first day of the seventh month following the Participant’s separation from service or termination of employment, such payment or benefit shall be delayed until the first day of the seventh month following the Participant’s termination of employment or separation from service (or, if earlier, on death); and 

		
	(b)
	the determination as to whether the Participant has had a termination of employment (or separation from service) shall be made in accordance with the provisions of section 409A of the Code and the guidance issued thereunder without application of any alternative levels of reductions of bona fide services permitted thereunder.

Pursuant to the authority granted to the undersigned, effective as of January 1, 2020, the undersigned officer, on behalf of and in the name of the Company, hereby adopts this amended and restated DRiV Incorporated Supplemental Retirement Plan.
Date:  December 20, 2019             DRiV Incorporated 

By  /s/ Kaled Awada 
Its  Kaled AwadaExhibit

EXHIBIT 10.32
October 1, 2018

Mr. Rainer Jueckstock
[Address]
 
Dear Rainer:

The purpose of this letter is to document the terms of Tenneco Inc.’s (“Tenneco”) offer of employment effective as of the closing of Tenneco’s acquisition of Federal-Mogul (the “Closing”).  

The key terms of Tenneco’s offer of employment are described below.

		
	1.
	Position:  Your employment with Tenneco (and its affiliates) will commence effective as of the Closing as Tenneco’s Executive Vice President and President Powertrain and, following the successful completion of Tenneco’s previously announced intention to separate into two independent publicly traded companies (the “Spinoff”), you will continue in those positions with the future “Powertrain Technology” company (Tenneco Clean Air and Federal-Mogul Powertrain).  You will report to Roger Wood, who, immediately following the Closing, will be the Co-Chief Executive Officer of Tenneco and, immediately following the Spinoff, will be the Chairman and Chief Executive Officer of the future Powertrain Technology company. Your reporting relationships will be to a position, not an individual.

		
	2.
	Base Salary:  Your initial base salary will be $950,000 per year ($79,166.67 per month) less appropriate taxes and withholding, paid in accordance with Tenneco’s normal payroll practices.  Beginning in 2020 and each year thereafter, your base salary will be reviewed and, in turn, may be adjusted, subject to approval by the Compensation Committee of Tenneco’s Board of Directors (the “Compensation Committee”).

		
	3.
	Annual Incentive Compensation:  Your target bonus opportunity for the 2018 calendar year will remain at 120% of your annual base salary (or $1,140,000).  The 2018 bonus will be determined and payable on the same terms and conditions as would have applied under the Federal-Mogul bonus plan as in effect prior to the Closing, including satisfaction of any applicable performance criteria.  Beginning January 1, 2019, you will be eligible to participate in Tenneco’s executive annual incentive plan in a manner consistent with other Tenneco executives.  The terms of the annual incentive plan are set forth in the Tenneco Inc. Annual Incentive Plan (“AIP” - copy attached).  Your initial target bonus opportunity for the 2019 calendar year performance period under the AIP will be 90% of your annual base salary ($855,000 based on the offered salary) although the actual value will be determined by the Compensation Committee.  The payment of an annual incentive to you under the AIP is subject to achievement of pre-defined performance goals for the company, the approval by the Compensation Committee, as well as the terms of the AIP (or successor plan).  

		
	4.
	Long-Term Incentive Compensation:  Your long-term incentive compensation (“LTI”) will be subject to the following:

		
	a.
	Your outstanding LTI granted by Federal-Mogul for the period 2016-2018 will remain in effect through December 31, 2018 in accordance with its terms.  

		
	b.
	Your outstanding LTI granted by Federal-Mogul for the periods 2017-2019 and 2018-2020 will be adjusted in accordance with the applicable plans to reflect Tenneco’s acquisition of Federal-Mogul and the Spinoff.  

		
	c.
	Beginning in 2019, you will be eligible to participate in Tenneco’s LTI plan in a manner consistent with other similarly-situated Tenneco executives.  The terms of the LTI plan are set forth in the Tenneco Long-Term Incentive Plan, as amended, a copy of which is attached.  Each year the Compensation Committee will determine and approve the mix of LTI awards that will be granted to you and the aggregate target value of these awards.  Your first eligibility for a full LTI award will be in February 2019.  The final award size, award type, performance conditions and other terms of this award will be approved by the Compensation Committee in February 2019 at the same time the terms of these awards are established for other executives at the company.  Your 2019 LTI award is currently estimated to have a $1,450,000 value.  

		
	5.
	Health, Welfare and Retirement Benefits:  For the remainder of calendar year 2018, you will continue to participate in the health, welfare and retirement plans in which you participate immediately prior to the Closing, subject to the terms and conditions of such plans.  Effective as of January 1, 2019, you will be eligible to participate in Tenneco’s broad-based health and welfare and defined contribution retirement plans in a manner consistent with other Tenneco executives although you have indicated that you are going to waive participation in the defined contribution retirement plan.  This letter will constitute an irrevocable waiver of your participation in the defined contribution plan and other qualified retirement plans of Tenneco and its affiliates in the future.  Please refer to benefit plan documents for specific terms and eligibility. The company reserves the right to change these benefit programs and any of our other benefit 

programs.  You will not be eligible to participate in any Tenneco nonqualified retirement plans, such as the Excess Benefit Plan and the SERP. 
		
	6.
	Vacation and holiday paid time off:   You will be entitled to a total of four weeks of paid vacation per year:  two weeks in accordance with the provisions of the company’s vacation policy and two additional negotiated weeks.  Your vacation accrual will thereafter increase only in accordance with the vacation schedule in the policy, taking into account your service with Federal-Mogul as of the Closing.  In addition, the company is typically closed during the week between Christmas and New Year’s Day holidays.  You will also be eligible for paid holidays and personal floating holidays in accordance with the company’s policies.  When you leave employment with Tenneco, you will receive a payment for any vacation you have accrued and not used.  Vacation is prorated to your date of employment and accrued on a monthly basis; provided, however, that you will retain any accrued but unpaid vacation that you have as of the Closing.

		
	7.
	Special Benefits.  

		
	a.
	For the period commencing on your employment commencement date and ending on December 31, 2018, you will continue to receive an automobile allowance based on an annual amount of $32,000, prorated for the remainder of the 2018 year.  You will not be entitled to this benefit after calendar year 2018.  

		
	b.
	The company will make contributions to the German pension plan that covers you immediately prior to the Closing in an amount of up to €125,000 per annum.  This contribution will typically be made in the first quarter of the year following the year to which such contribution relates (e.g., the contribution for 2018 typically will be made in the first quarter of 2019).

		
	8.
	Severance Through December 31, 2018:  For the remainder of calendar year 2018, you will continue to be eligible to participate in the Federal-Mogul LLC Change in Control and Severance Plan (the “F-M CIC Severance Plan”) and the Federal-Mogul LLC Severance Plan for Salaried Employees (the “F-M Severance Plan”) in accordance with their terms; provided, however, that you hereby agree to waive all of your rights under and with respect to the F-M CIC Severance Plan and the F-M Severance Plan (and any other agreements with Federal-Mogul) to terminate employment for “good reason” or “constructive discharge” or “constructive termination” (or terms of similar import) and to receive payments and benefits thereunder after the Closing on account of any such termination.  Your eligibility for severance payments and benefits after December 31, 2018 are described below.

		
	9.
	Change-In-Control (CIC) Protection:  You will be eligible to participate in Tenneco’s Change-In-Control Severance Benefit Plan for Key Executives (the “CIC Plan”) effective as of January 1, 2019.  Benefits under the CIC Plan are payable if you are discharged (either actually or constructively) within two years after a change-in-control that occurs after the effective date of your employment.  The CIC Plan generally provides a lump-sum payment equal to two times base salary and targeted annual bonus in effect immediately prior to the change-in-control for Group II level participants.  Continuing participation in certain insurance plans and outplacement services are also provided.

		
	10.
	Severance (not related to CIC):  You will be eligible to participate in the Tenneco Automotive Operating Company Inc. Severance Benefit Plan (the “Severance Plan”) effective as of January 1, 2019.  Benefits are payable under the Severance Plan if you are discharged by the company other than for Cause or if you terminate due to Constructive Termination (and, in any case, other than under circumstances which would entitle you to benefits under the CIC Plan).  The Severance Plan generally provides a lump-sum payment equal to one times base salary and targeted annual bonus for the year in which the termination occurs for Group I participants, subject to your execution of a general release and such other documents as the company may reasonably request.  The Severance Plan also provides a medical coverage subsidy in certain cases and outplacement benefits.  “Cause” and “Constructive Termination” have the meanings specified in the Severance Plan. 

		
	11.
	Stock Ownership Guidelines:  Upon employment, you will be subject to Tenneco’s stock ownership guideline policy, requiring that you hold qualifying shares of Tenneco equal to three times base salary, to be attained by the first month of January following five years of employment.

		
	12.
	Insider Trading Policy:  Upon employment, you will be subject to Tenneco’s Insider Trading Policy, which, among other things, limits the timing and types of transactions you may make with respect to Tenneco securities and related derivatives.

		
	13.
	Employment at Will:  This offer does not constitute a contract of employment for any specific period of time, but will create an employment at-will relationship that may be terminated at any time by you or the company, with or without cause.

		
	14.
	Effect on Other Arrangements:  The foregoing terms and conditions of employment supersede all prior agreements between you and Federal-Mogul Corporation, Federal-Mogul LLC and/or any of their affiliates, including your Employment Agreement dated April 1, 2012, as amended (the “Employment Agreement”), relating to the subject matter of this letter. In addition, in your new position and for periods after December 31, 2018, you will not be eligible to participate in (or receive benefits under) the F-M CIC Severance Plan or the F-M Severance Plan but instead you will be eligible to participate in Tenneco severance plans as described above.  By accepting this offer, you hereby agree (a) that you hereby waive your participation in, and all of your rights under and with respect to, the    F-M CIC Severance Plan and the F-M Severance Plan (including any rights to payments or benefits), effective for periods after December 

31, 2018, (b) you hereby waive your rights under and with respect to the F-M CIC Severance Plan, the F-M Severance Plan and any other agreements with Federal-Mogul to terminate employment for “good reason” or “constructive discharge” or “constructive termination” (or terms of similar import) and to receive payments and benefits thereunder on account of any such termination (as described in Section 8), effective as of the Closing, (c) that this letter constitutes a termination of your participation in the F-M CIC Severance Plan and the F-M Severance Plan along with any other agreements with Federal-Mogul pertaining to your compensation and/or employment (other than specifically described herein), effective as of the Closing, and (d) that this letter constitutes a termination of the Employment Agreement effective as of the Closing. The foregoing waivers and termination will be effective as of the Closing except as expressly provided herein.  

Your offer is contingent upon the verification of the information you have provided to the company, successful completion of employment paperwork and execution of the Tenneco Confidentiality Agreement (this will be part of your “on-boarding” process).  

Two copies of this offer letter have been provided.  Please sign the offer letter and return it to me as soon as possible.  The second copy should be retained for your personal records.

Rainer, we look forward to you joining Tenneco and are excited for you to contribute and share in its future success.  Please contact me to acknowledge your acceptance or with any other questions or concerns.

Sincerely,

/s/ Gregg A. Bolt

Gregg A. Bolt
Senior Vice President 
Tenneco Automotive Operating Company Inc., a Tenneco company

------------------______________________________________________________________________________                                                                                            

I have read, understand and accept this offer of employment effective as of the Closing.  In particular, I understand and knowingly agree to the provisions of Section 14 hereof relating to my waiver of rights under and with respect to, and termination of participation in, benefit plans.  

In addition, effective as of the Closing, I hereby make an irrevocable election to have no contributions made to the Tenneco 401(k) Retirement Savings Plan or any such other plan or arrangement sponsored by Tenneco and its affiliates that is tax-qualified under section 401(a) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”, or as otherwise described in section 219(g)(5)(A) of the Code). 

By:   /s/ Rainer Jueckstock                            Date:  10/03/2018

Print Name:  Rainer Jueckstock

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