Document:

Exhibit 10-G-3

    Description
      of Director Compensation

    

    Fees.*
      Effective as of July 13, 2006, the Board of Directors voluntarily reduced Board
      fees payable to non-employee directors by half. Since that date, the following
      fees are paid to directors who are not Ford employees:

     

    
      	
              Annual
                Board membership fee

            	 	
              $

            	
              100,000

            	 
	
              Annual
                Committee chair fee

            	 	
              $

            	
              2,500

            	 
	
              Annual
                Presiding Director fee

            	 	
              $

            	
              5,000

            	 

    

    

    Deferred
      Compensation Plan.
      Under
      this plan, $60,000 of a director's annual Board membership fee must be deferred
      in common stock units. Directors also can choose to have the payment of all
      or
      some of the remainder of their fees deferred in the form of cash and/or common
      stock units. Each common stock unit is equal in value to a share of common
      stock
      and is ultimately paid in cash. These common stock units generate Dividend
      Equivalents in the form of additional common stock units. These units are
      credited to the directors' accounts on the date any common stock cash dividends
      are paid. Any fees deferred in cash are held in the general funds of the
      Company. Interest on fees deferred in cash is credited semi-annually to the
      directors' accounts at the then-current U.S. Treasury Bill rate plus 0.75%.
      In
      general, deferred amounts are not paid until after the director retires from
      the
      Board. The amounts are then paid, at the director's option, either in a lump
      sum
      or in annual installments over a period of up to ten years.

    

    Restricted
      Stock Plan.
      Effective July 1, 2004, Ford amended the Restricted Stock Plan for Non-Employee
      Directors providing for its termination, except with respect to outstanding
      grants of restricted stock and stock equivalents. Each non-employee director
      who
      had served for six months received 3,496 shares of common stock subject to
      restrictions on sale. In general, the restrictions expire for 20% of the shares
      each year following the year of the grant. No new grants of restricted stock
      will be made under the plan.

    

    Life
      Insurance.
      Ford
      provides non-employee directors with $200,000 of life insurance and $500,000
      of
      accidental death or dismemberment coverage. The life insurance coverage
      continues after the director retires from the Board if the director is at least
      55 years old and has served for at least five years. A director who retires
      from
      the Board after age 70 or, after age 55 with Board approval, and who has served
      for at least five years, may elect to have the life insurance reduced to
      $100,000 and receive $15,000 a year for life. The accidental death or
      dismemberment coverage may, at the director's expense, be supplemented up to
      an
      additional $500,000 and ends when the director retires from the
      Board.

    

    Vehicle
      Evaluation Program.
      The
      Company provides directors with the use of company vehicles at an estimated
      average value for 2005 of approximately $28,000 per director. The directors
      are
      expected to provide evaluations of the vehicles to the Company.

     

    

    *
      On
      March 8, 2005, Homer A. Neal, a member of the Board of Directors, joined the
      board of managers of Ford Global Technologies, LLC, a wholly-owned subsidiary
      that manages the Company's intellectual property. As a non-employee member
      of
      such board, Dr. Neal receives the customary fees paid to non-employee members.
      Currently, the fees are: Annual Fee: $10,000, Attendance Fee: $1,000 per
      meeting. Dr. Neal attended two meetings of the board of managers of Ford Global
      Technologies during 2005.

    

    *On
      September 13, 2006, the Company entered into a consulting agreement with John
      R.
      H. Bond, a member of the Board of Directors of the Company. Under the agreement,
      Mr. Bond will serve as a consultant and senior advisor to William Clay Ford,
      Jr., Executive Chairman of the Board, working on financial and other matters.
      The consulting fee will be $25,000 per day for actual days worked, payable
      in
      arrears. The Company contemplates that Mr. Bond will spend approximately one
      and
      one-half days adjacent to each of the Company's seven regularly scheduled Board
      of Directors meetings consulting pursuant to the consulting agreement, and
      that
      total fees payable to Mr. Bond will not exceed $262,500 for any twelve month
      period unless specifically agreed to by the Company and Mr. Bond. Either party
      may terminate the agreement at any time.Exhibit 10-J

    
      

    

    Exhibit
      10-J

    

    Ford
      Motor Company

    Directors
      Life Insurance

    and
      Optional Retirement Plan

    (As
      Amended as of October 1, 2006)

    

    

    Section
      1. Introduction.
      This
      Plan has been established for the purpose of providing Eligible Directors,
      and
      Eligible Retired Directors, as herein defined, with life insurance and optional
      retirement benefits under certain circumstances. The Plan is an expression
      of
      the Company's present policy with respect to those Company directors and retired
      directors who meet the eligibility requirements set forth below; it is not
      a
      part of any contract of employment and no director or other person shall have
      any legal or other right to any benefit under the Plan. The Company reserves
      the
      right to terminate, amend or modify the Plan, in whole or in part, at any time
      without notice.

    

    Section
      2. Definitions.
      As used
      in this Plan:

    

    a.
      "Board
      of Directors"
      or
"Board"
      shall
      mean the Board of Directors of the Company.

    

    b.
      "Company"
      shall
      mean Ford Motor Company.

    

    c.
      "Director
      Service"
      shall
      mean years of service as a member of the Board of Directors, not exceeding
      one
      year in any calendar year.

    

    d.
      "Effective
      Date"
      means
      November 1, 1985.

    

    e.
      "Eligible
      Director"
      shall
      mean a member of the Board of Directors on or after the Effective Date who
      is
      not a Company employee and has not retired from Company employment on or after
      December 1, 1977.

    

    f.
      "Eligible
      Retired Director"
      shall
      mean a Retirement Eligible Director who shall have retired from the Board of
      Directors. 

    

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

    

    h.
      "Normal
      Retirement Age"
      shall
      mean the date of the annual stockholders meeting of the Company immediately
      following the Retirement Eligible Director's attainment of age 70. "Normal
      Retirement Date"
      shall
      mean the first day of the first calendar month coincident with or next following
      such Retirement Eligible Director's Normal Retirement Age.

    

    i.
      "Plan
      Year"
      shall
      mean a calendar year.

    

    j.
      "Retirement
      Eligible Director"
      shall
      mean an Eligible Director who has completed at least five years of Director
      Service and has attained age 55.

    

    Section
      3. Benefit.

    

    (a)
      Life
      Insurance.
      Except
      as otherwise provided in Section 3(b) immediately below, an Eligible Director
      or
      Eligible Retired Director shall be entitled to life insurance in the amount
      of
      $200,000.

     

    (b)
      Optional
      Death and Retirement Benefits.
      A
      Retirement Eligible Director meeting the eligibility requirements set forth
      in
      Section 3(b)(1) or (2) below may elect optional death and retirement benefits
      described in Section 3(b)(3) below in lieu of the life insurance described
      in
      Section 3(a) immediately above, as follows:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (1)
      Normal
      Retirement Date.
      A
      Retirement Eligible Director whose Normal Retirement Date occurs after the
      Effective Date and who, in accordance with Section 3(b)(5) below, elected to
      receive the optional death and retirement benefit described in Section 3(b)(3)
      below shall receive such optional death and retirement benefit.

    

    (2)
      Resignation
      Prior to Normal Retirement Date.
      A
      Retirement Eligible Director who resigns from the Board of Directors on or
      after
      January 1, 1993 and prior to such director's Normal Retirement Date and who,
      in
      accordance with Section 3(b)(5) below, elected to receive the optional death
      and
      retirement benefit described in Section 3(b)(3) below shall receive such
      optional death and retirement benefit with approval of the Board of
      Directors.

    

    (3)
      Benefit.
      The
      optional death and retirement benefit with respect to a Retirement Eligible
      Director who has made an election in accordance with Section 3(b)(5) below
      shall
      be as follows: 

    

    (i)
      life
      insurance in the amount of $100,000, plus

    

    (ii)
      a
      monthly benefit, payable to such director during such director's lifetime,
      in
      the amount of $1,250 per month, beginning on the earlier of:

    

    (A)
      with
      respect to a Retirement Eligible Director who meets the requirements of Section
      3(b)(1) above, such director's Normal Retirement Date; or 

    

    (B)
      with
      respect to a Retirement Eligible Director who meets the requirements of Section
      3(b)(2) above, the first day of the calendar month coincident with or next
      succeeding such director's resignation date.

    

    (4)
      Waiver
      of Conversion Rights.
      A
      Retirement Eligible Director who makes the election provided in this Section
      3(b) must waive any right to the conversion of the reduction in the amount
      of
      the life insurance.

    

    (5)
      Optional
      Death and Retirement Benefit Election.
      Within
      thirty (30) days of becoming an Eligible Director, each Eligible Director may
      make an irrevocable election to receive the optional death and retirement
      benefit described in Section 3(b)(3) above in lieu of the life insurance benefit
      described in Section 3(a) above.

    

    Section
      4. Payments.
      The
      life insurance described in Section 3(a) or 3(b)(3)(i) shall be provided by
      the
      purchase from an insurance carrier of an insurance contract upon terms and
      conditions approved by the Executive Vice President and Chief Financial Officer
      or the designee of such officer. The retirement benefits provided in Section
      3(b)(3)(ii) shall be payable out of the Company's general funds beginning on
      the
      date described in Section 3(b)(3)(ii)(A) or (B), as applicable, and shall cease
      at the end of the month in which such Eligible Retired Director
      dies.

     

    Section
      5. Designation of Beneficiary.
      The
      death benefits payable under the life insurance described in Section 3(a) or
      3(b) (3)(i) shall be paid to the Eligible Director's or Eligible Retired
      Director's designated beneficiary, as applicable, or if there is no such
      beneficiary shall be paid in accordance with the provisions of the life
      insurance contract.

    

    Section
      6. Administration and Interpretation.
      The
      Group Vice President - Corporate Human Resources and Labor Affairs and the
      Executive Vice President and Chief Financial Officer shall have full power
      and
      authority on behalf of the Company to administer and interpret the Plan. All
      decisions with respect to the administration and interpretation of the Plan
      shall be final and shall be binding upon all persons.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
      7. Amendments and Termination.
      The
      Board of Directors of the Company shall have the right at any time to amend,
      modify, discontinue or terminate this Plan in whole or in part; provided,
      however, that no such action shall deprive the beneficiary or estate of life
      insurance proceeds with respect to an Eligible Director or Eligible Retired
      Director who shall have died prior to the date of such action by the Board
      of
      Directors.

    

    Section
      8. Code
      Section 409A.

    

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

            

    

     

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

            

    

     

    
      	
            	(c)	
              For
                the avoidance of doubt, and notwithstanding any provisions of the
                Plan to
                the contrary, in the event a Specified Employee becomes entitled
                to a
                benefit under this Plan, payment of any such benefit that accrued
                or
                vested on or after January 1, 2005 shall not commence (or be paid)
                earlier
                than the first day of the seventh month following termination from
                employment with the Company. Any payment delayed under this Section
                shall
                not bear interest.

            

    

    

    
      	 	
              For
                purposes of this Section, "Specified Employee" shall mean an eligible
                member of the Board who is a Key Employee as defined in Code Section
                416(i) without regard to paragraph 5 thereof. A Specified Employee
                shall
                be identified as of December 31st
                of
                each calendar year and shall apply to any Specified Employee who
                shall
                terminate employment in the 12-month period commencing January
                1st
                of
                the immediately succeeding calendar year. This provision is effective
                for
                Specified Employees who resign or terminate employment on or after
                January
                1, 2005.

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