Document:

exhibit10-52.htm

    1999
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.

    STOCK
INCENTIVE PLAN

    FORM
OF STOCK OPTION AWARD AGREEMENT

     

    THIS
AGREEMENT (the "Agreement"), is made
effective as of {INSERT
DATE} (the "Date of Grant"),
between American Axle & Manufacturing Holdings, Inc., a Delaware corporation
(the "Company"), and {INSERT NAME}
(the "Participant"):

     

    RECITALS:

     

    A.  The
Company has adopted the 1999 American Axle & Manufacturing Holdings, Inc.
Stock Incentive Plan (the "Plan")  The
Plan is incorporated in and made a part of this
Agreement.  Capitalized terms that are not defined in this Agreement
have the same meanings as in the Plan; and

     

    B.  The
Compensation Committee of the Board of Directors determined that it is in the
best interests of the Company and its stockholders to grant the Option provided
for in this Agreement to the Participant, pursuant to the Plan and the terms of
this Agreement.

     

    The
parties agree as follows:

     

    1. Grant of the
Option.  The Company grants to the Participant the right and
option (the "Option") to purchase,
on the terms and conditions of this Agreement, all or any part of an aggregate
of {INSERT NUMBER OF
SHARES} Shares, subject to adjustment as set forth in the
Plan.  The purchase price of the Shares subject to the
Option  (the "Option Price") shall
be {INSERT PRICE} per
Share, the closing price of the Company's common stock on the Date of
Grant.  The Option is not intended to be an "incentive stock option"
within the meaning of Section 422 of the Code.

     

    2. Vesting of the
Option.  At any time, the portion of the Option that has become
vested and exercisable as described in this Section 2 is referred to as the
"Vested
Portion".

     

    (a)           Vesting
Schedule.  Subject to Section 2(b), the Option shall vest and
become exercisable, on the first, second and third anniversaries of the Date of
Grant (each, a "Vesting Date"), as
follows:

     

     

    Vesting Date                        Total Vested
Shares*

     

    First
anniversary of the Date of Grant             33%

    Second
anniversary of the Date of Grant         67%

    Third
anniversary of the Date of Grant                     
 100%

     

    *Whole
Shares only; fractional Shares, if any, are vested on the subsequent
Vesting Date.

     

    (b)           Earlier Vesting and
Forfeiture.

     

    (i)           To
the extent not already vested, the Option shall vest and become immediately
exercisable in full (by the Participant or the Participant's beneficiary, as
applicable) upon the Participant's death or Disability, or upon a
Change in Control.

     

    (ii)           Except
as otherwise expressly stated in Section 2(b)(i), if the Participant’s
employment with the Company terminates for any reason, to the extent not already
vested, the Option shall be forfeited and canceled without consideration, and
the Vested Portion of the Option shall remain exercisable for the period set
forth in Section 3(a).

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    3. Exercise of
Options.

     

    (a)           Period of
Exercise.  Subject to the provisions of the Plan and this
Agreement, the Participant may exercise all or any part of the Vested Portion of
the Option at any time before the earliest of:

     

    (i)           the
tenth anniversary of the Date of Grant;

     

    (ii)           five
years following the date of termination of the Participant's employment
(A) as a result of the Participant's death or Disability; or
(B) following a Change in Control;

     

    (iii)           five
years following the date of termination of the Participant's employment (or, if
the Participant is a member of the Company's Board on that date, five years
following the date on which the Participant's service as a member of the Board
terminates) upon the Participant's retirement under the Company's Retirement
Program for Salaried Employees, Restatement dated January 1, 2006
(the "Program") at or after
age 65, or after attaining age 55 but prior to age 65 with ten or more years of
credited service under the Program;

     

    (iv)           ninety
days following the date of termination of the Participant's employment by the
Company without Cause or the date of the Participant's resignation;
and

     

    (v)           the
date of termination of the Participant's employment by the Company for
Cause.

     

    (vi)           For
purposes of this Agreement, the term "Cause" means
(i) neglect of or willful and continuing refusal of the Participant to
perform his or her duties with the Company (other than due to Disability),
(ii) a breach of any non-competition or "no raid" covenants to which the
Participant is subject, (iii) engaging in conduct which is demonstrably
injurious to the Company, the Company's Subsidiaries or Affiliates (including,
without limitation, a breach of any confidentiality covenant to which the
Participant is subject), or (iv) a conviction or plea of guilty or nolo contendere to a felony
or a misdemeanor involving moral turpitude, dishonesty or theft, in each case as
determined in the sole discretion of the Company.  If an employment
agreement between the Company and the Participant is in effect on the Date of
Grant, "Cause"
has the meaning, if any, defined in the employment agreement.

     

    (b)           Method of
Exercise.

     

    (i)           Subject
to Section 3(a), the Vested Portion of the Option may be exercised by delivering
to the Company at its principal executive offices, or its designee, written
notice of intent to so exercise.  The Option may be exercised with
respect to whole Shares only.  Such notice shall specify the number of
Shares for which the Option is being exercised and shall be accompanied by
payment in full of the aggregate Option Price for the Shares being
purchased.  The payment of the Option Price shall be made (i) in
cash or its equivalent, (ii) in Shares having a Fair Market Value equal to
the aggregate Option Price for the Shares being purchased and satisfying other
requirements of the Company, (iii) partly in cash and partly in Shares or
(iv) through the delivery of irrevocable instructions to a broker to
deliver promptly to the Company an amount equal to the aggregate Option Price
for the Shares being purchased.

     

    (ii)           Notwithstanding
any other provision of the Plan or this Agreement, the Option may not be
exercised before the completion of any registration or qualification of the
Option or the Shares as required by applicable state and federal securities laws
or any ruling or regulation of any governmental body or national securities
exchange that the Company shall in its sole discretion determine in good faith
to be necessary or advisable.

     

    (iii)           In
the event of the Participant's death, the Vested Portion of the Option shall
remain exercisable by the Participant's executor or administrator, or the person
or persons to whom the Participant's rights under this Agreement shall pass by
will or by the laws of descent and distribution to the extent set forth in
Section 3(a).  Any heir or legatee of the Participant shall take
rights granted in this Agreement, subject to the terms and conditions of the
Option.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    4. No Right to Continued
Employment.  Neither the Plan nor this Agreement shall be
construed as giving the Participant the right to be retained in the employ of,
or in any consulting relationship to, the Company or any
Affiliate.  Further, the Company or any Affiliate may at any time
dismiss the Participant or discontinue any consulting relationship, free from
any liability or any claim under the Plan or this Agreement, except as expressly
provided in this Agreement.

     

    5. Transferability.  Except
as otherwise provided in the Plan, the Option may not be assigned, alienated,
pledged, attached, sold or otherwise transferred or encumbered by the
Participant other than by will or by the laws of descent and
distribution.  Except for the designation of the Participant’s
beneficiary, the purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance of the Option shall be void and unenforceable against
the Company or any Affiliate.  No permitted transfer of the Option to
heirs or legatees of the Participant shall be effective to bind the Company
unless the Company has been furnished with written notice of the transfer and a
copy of the evidence that the Company deems necessary to establish the validity
of the transfer and the acceptance by the transferee or transferees of the terms
and conditions of the Option.

     

    6. Withholding.  Except
as provided in the following sentence, the Company shall withhold Shares from
the Shares otherwise issuable or transferable under the Option to satisfy
minimum statutory tax withholding obligations with respect to the Option, its
exercise, or any payment or transfer under the Option or the
Plan.  The Participant may also satisfy (or may be required by the
Company to satisfy) all or part of any withholding obligation with respect to
the Option or the Plan by remitting the required withholding taxes to the
Company, in accordance with the rules and procedures established by the
Committee from time to time.  The Company shall have the right to take
any other action that may be necessary in the opinion of the Company to satisfy
all obligations for the payment of withholding taxes with respect to the Award
or the Plan.

     

    7. Securities
Laws.  Upon the acquisition of any Shares pursuant to the
exercise of the Option, the Participant will make or enter into such written
representations, warranties and agreements as the Committee may reasonably
request in order to comply with applicable securities laws or with this
Agreement.

     

    8. Notices.  Notice
under this Agreement shall be addressed to the Company in care of its Secretary
at the principal executive offices of the Company and to the Participant at the
address appearing in the records of the Company for the Participant, or to
either party at another address that the party designates in writing to the
other.  Notice shall be effective upon receipt.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    9. Choice of
Law.  The interpretation, performance and enforcement of this
Agreement shall be governed by the laws of the State of New York without regard
to principles of conflicts of law.

     

    10. Option Subject to
Plan.  The Option is subject to the Plan.  The terms
and provisions of the Plan, as they may be amended from time to time, are
incorporated in this Agreement.  In the event of a conflict between
any term or provision contained in this Agreement and a term or provision of the
Plan, the terms and provisions of the Plan will govern and prevail.

     

    11. Section
409A.  The Option is not intended to provide for a "deferral of
compensation" within the meaning of Section 409A of the Code and shall be
interpreted and construed in a manner consistent with that intent.  If
any provision of this Agreement or the Plan causes the Option to be subject to
the requirements of Section 409A of the Code, or could otherwise cause the
Participant to recognize income or be subject to the interest and penalties
under Section 409A of the Code, then the provision shall have no effect or, to
the extent practicable, the Company may modify the provision to maintain the
original intent without violating the requirements of Section 409A of the
Code.

     

    12. Signature in
Counterparts.  This Agreement may be signed in
counterparts.  Each counterpart shall be an original, with the same
effect as if the signatures were on the same instrument.

     

     

    AMERICAN
AXLE & MANUFACTURING HOLDINGS,
INC.

     

     

    
      	
               
      

            	
              By:

            	
              __________________________________

            

    

    
      	
               
      

            	
              Name:

            

    

    
      	
               
      

            	
              Title:

            

    

     

    Agreed
and acknowledged as of the
Date of Grant:

     

    

    {Insert
Participant Name}

     

    
      
        
           

        

         

      

      
        4exhibit10-53.htm

     

    1999
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.

    STOCK
INCENTIVE PLAN

    FORM
OF RESTRICTED STOCK AWARD AGREEMENT

     

    THIS
AGREEMENT (the "Agreement"), is made
effective as of {INSERT
DATE} (the "Date of Grant"),
between American Axle & Manufacturing Holdings, Inc., a Delaware corporation
(the "Company"), and {INSERT NAME}
(the "Participant"):

     

    RECITALS:

     

    A.  The
Company has adopted the 1999 American Axle & Manufacturing Holdings, Inc.
Stock Incentive Plan (the "Plan").  The
Plan is incorporated in and made a part of this
Agreement.  Capitalized terms that are not defined in this Agreement
have the same meanings as in the Plan; and

     

    B.  The
Compensation Committee of the Board of Directors determined that it is in the
best interests of the Company and its stockholders to grant the Award provided
for in this Agreement to the Participant, pursuant to the Plan and the terms of
this Agreement.

     

    The
parties agree as follows:

     

    1. Grant of the
Award.  The Company grants to the Participant, on the terms and
conditions set forth in this Agreement, an aggregate of {INSERT NUMBER OF SHARES}
restricted Shares, subject to adjustment as set forth in the Plan
(the "Award").

     

    2. Vesting of the
Award.

     

    (a)           Vesting
Schedule.  Subject to Section 2(b), the Shares constituting the
Award shall vest on the first, second and third anniversaries of the Date of
Grant (each, a "Vesting Date") as
follows:

     

     

    Vesting
Date                         Total Vested
Shares*

     

    First
anniversary of the Date of Grant              
33%

    Second
anniversary of the Date of Grant           67%

    Third
anniversary of the Date of Grant             100%

     

    *Whole
Shares only; fractional Shares, if any, are vested on the subsequent
Vesting Date.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    (b)           Earlier Vesting and
Forfeiture.

     

    (i)           To
the extent not already vested, the Award shall vest in full upon the occurrence
of any of following:

     

    (A)         The
Participant's death or Disability;

     

    (B)         The
termination of the Participant's employment by the Company pursuant to a
reduction in force or similar program approved by the Chief Executive Officer of
the Company; or

     

    (C)         A
Change in Control.

     

    (ii)           Except
as otherwise stated in Section 2(b)(i), if the Participant’s employment with the
Company terminates for any reason, the Shares constituting the Award, to the
extent not already vested, shall be forfeited without
consideration.

     

     

    3. Voting and Dividend
Rights.  Subject to Section 8, the Participant shall have the
right to vote and to receive any dividends with respect to the Shares
constituting the Award.

     

    4. No Right to Continued
Employment.  Neither the Plan nor this Agreement shall be
construed as giving the Participant the right to be retained in the employ of,
or in any consulting relationship to, the Company or any
Affiliate.  Further, the Company or any Affiliate may at any time
dismiss the Participant or discontinue any consulting relationship, free from
any liability or any claim under the Plan or this Agreement, except as expressly
provided in this Agreement.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    5. Transferability.  Except
as otherwise provided in the Plan, to the extent not already vested, the Award
may not be assigned, alienated, pledged, attached, sold or otherwise transferred
or encumbered by the Participant other than by will or by the laws of descent
and distribution.  Except for the designation of the Participant's
beneficiary, the purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance of the Award shall be void and unenforceable against the
Company or any Affiliate.  No permitted transfer of the Award to heirs
or legatees of the Participant shall be effective to bind the Company unless the
Company has been furnished with written notice of the transfer and a copy of the
evidence that the Company deems necessary to establish the validity of the
transfer and the acceptance by the transferee or transferees of the terms and
conditions of the Award.

     

    6. Withholding.  Except
as provided in the following sentence, the Company shall withhold Shares from
the Award to satisfy minimum statutory tax withholding obligations with respect
to the Award. The Participant may also satisfy (or may be required by the
Company to satisfy) all or part of any withholding obligation with respect to
the Award by remitting the required withholding taxes to the Company, in
accordance with the rules and procedures established by the Committee from time
to time.  The Company shall have the right to take any other action
that may be necessary in the opinion of the Company to satisfy all obligations
for the payment of withholding taxes with respect to the Award or the
Plan.

     

    7. Securities
Laws.  In connection with the grant or vesting of the Award,
the Participant will make or enter into any written representations, warranties
and agreements that the Committee may reasonably request in order to comply with
applicable securities laws or with this Agreement.

     

    8. Notices.  Notice
under this Agreement shall be addressed to the Company in care of its Secretary
at the principal executive offices of the Company and to the Participant at the
address appearing in the records of the Company for the Participant, or to
either party at another address that the party designates in writing to the
other.  Notice shall be effective upon receipt.

     

    9. Choice of
Law.  The interpretation, performance and enforcement of this
Agreement shall be governed by the laws of the State of New York without regard
to principles of conflicts of law.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    10. Award Subject to
Plan.  The Award is subject to the Plan.  The terms
and provisions of the Plan, as they may be amended from time to time, are
incorporated in this Agreement.  In the event of a conflict between
any term or provision contained in this Agreement and a term or provision of the
Plan, the terms and provisions of the Plan will govern and prevail.

     

    11. Section
409A.  The Award is not intended to provide for a "deferral of
compensation" within the meaning of Section 409A of the Code and shall be
interpreted and construed in a manner consistent with that intent.  If
any provision of this Agreement or the Plan causes the Award to be subject to
the requirements of Section 409A of the Code, or could otherwise cause the
Participant to recognize income or be subject to the interest and penalties
under Section 409A of the Code, then the provision shall have no effect or, to
the extent practicable, the Company may modify the provision to maintain the
original intent without violating the requirements of Section 409A of the
Code.

     

    12. Signature in
Counterparts.  This Agreement may be signed in
counterparts.  Each counterpart shall be an original, with the same
effect as if the signatures were on the same instrument.

     

     

    AMERICAN
AXLE & MANUFACTURING HOLDINGS,
INC.

     

     

    
      	
               
      

            	
              By:

            	
              __________________________________

            

    

    
      	
               
      

            	
              Name:

            

    

    
      	
               
      

            	
              Title:

            

    

     

    Agreed
and acknowledged as of the
Date of Grant:

     

    

    {Insert
Participant Name}

     

    
      
        
           

        

         

      

      
        4

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