Document:

EXHIBIT 10.17

 

DANA HOLDING CORPORATION

PERFORMANCE SHARE AWARD AGREEMENT

 

1.           The
Award and the Plan. As of the Award Date set forth above, Dana Holding Corporation (together with its successors, “Dana”)
grants to you the right to earn the number of its Shares (the “Performance Shares”) set forth in the Award Notification
preceding or accompanying this Performance Share Award Agreement (the “Agreement”), to be issued to you if you earn
all of, any portion of, or more than, the Performance Shares by Dana meeting certain specified performance goals (“Dana Performance
Goals”) approved by Dana. Certain terms used in this Agreement are defined in Section 23. Any undefined terms in this Agreement
appearing as defined terms will have the same meaning as they do in the Dana Holding Corporation 2012 Omnibus Incentive Plan, as
amended and/or restated from time to time (the “Plan”). Dana will provide a copy of the Plan to you upon request.

 

2.           Earning
of Performance Shares.

 

(a)          Performance
Measure: Your right to receive all of, any portion of, or more than, the Performance Shares will be contingent upon the achievement
of the Dana Performance Goals and will be measured over the period set forth in the Award Notification (the “Performance
Period”).

 

(b)          Below
Threshold: If, upon the conclusion of the Performance Period, Dana’s performance for the Performance Period falls below
the threshold level, as set forth in the Dana Performance Goals, no Performance Shares for the Performance Period will become earned.

 

(c)          Threshold:
If, upon the conclusion of the Performance Period, Dana’s performance for the Performance Period equals the threshold level,
as set forth in the Dana Performance Goals, a certain portion of the Performance Shares, as previously approved by the Board or
a committee thereof, for the Performance Period will become earned.

 

(d)          Between
Threshold and Target: If, upon the conclusion of the Performance Period, Dana’s performance exceeds the threshold level,
but is less than the target level, as set forth in the Dana Performance Goals, the Performance Shares will become earned based
on performance during the Performance Period, as previously approved by the Board or a committee thereof.

 

(e)          Target:
If, upon the conclusion of the Performance Period, Dana’s performance for the Performance Period equals the target level,
as set forth in the Dana Performance Goals, 100% of the Performance Shares for the Performance Period will become earned.

 

(f)          Between
Target and Maximum: If, upon the conclusion of the Performance Period, Dana’s performance exceeds the target level, but
is less than the maximum level, as set forth in the Dana Performance Goals, the Performance Shares will become earned based on
performance during the Performance Period, as previously approved by the Board or a committee thereof.

 

(g)          Equals
or Exceeds Maximum: If, upon the conclusion of the Performance Period, Dana’s performance for the Performance Period
equals or exceeds the maximum level, as set forth in the Dana Performance Goals, a previously approved portion of the Performance
Shares will become earned, subject to any cap set by the Board or a committee thereof.

 

    	 

    	 

    

 

(h)          Conditions;
Determination of Earned Award: Except as otherwise provided in this Agreement, your right to receive any Performance Shares
is contingent upon your remaining in the continuous employ of Dana or a Subsidiary through the end of the Performance Period. Following
the Performance Period, the Board or a committee thereof will determine whether and to what extent the goals relating to Dana Performance
Goals have been satisfied for the Performance Period and will determine the number of Performance Shares that will have become
earned hereunder. Notwithstanding the foregoing, to the extent it would not cause imposition of a tax under Section 409A of the
Code, Dana may accelerate the vesting of the Performance Shares at any time in part or in full.

 

(i)          Modification
of Management Objectives: If Dana determines that a change in the business, operations, corporate structure or capital structure
of Dana, the manner in which it conducts business or other events or circumstances render the measurement of the Dana Performance
Goals to be unsuitable, Dana may modify the calculation of the Dana Performance Goals or the related minimum acceptable level of
achievement, in whole or in part, as Dana deems appropriate.

 

3.           Prorated
Earning of Performance Shares.

 

(a)          Effect
of Termination Due to Death, Disability, Normal Retirement or Termination without Cause: Notwithstanding Section 2(h), if,
during the Performance Period, but before the payment of any Performance Shares as set forth in Section 5, your employment with
Dana or any Subsidiary is terminated by reason of death or Disability, by Dana or the Subsidiary without Cause or by you upon Normal
Retirement, then you will be entitled to receive such number of the Performance Shares as is determined pursuant to Section 2 at
the conclusion of the Performance Period as if you had remained in the continuous employ of Dana or a Subsidiary through the end
of the Performance Period, based on the Dana Performance Goals during the Performance Period, prorated, based on the number of
whole months that you were employed by Dana or any Subsidiary during the Performance Period. Any Performance Shares awarded will
become payable after the Performance Period has concluded.

 

(b)          Change
in Control: Notwithstanding Section 2(h), if, during the Performance Period, but before the payment of any Performance Shares
as set forth in Section 5, a Change in Control of Dana occurs while you are an employee of Dana or any Subsidiary, then you will
be entitled to receive a prorated number (based on the number of whole months that you were employed by Dana or any Subsidiary
beginning on the Award Date and ending on the date of the Change in Control) of the target number of Performance Shares provided
for under Section 2(e).

 

4.           Forfeiture
of Award. Except to the extent you have earned the right to receive Performance Shares pursuant to Sections 2 or 3 hereof,
your right to receive Performance Shares will be forfeited automatically and without further notice on the date that you cease
to be an employee of Dana or any Subsidiary prior to the last day of the Performance Period or, in the event that Section 3(b)
applies, on the date on which the Change in Control occurs.

 

5.           Payment
of Performance Shares.

 

(a)          Except
as provided in Sections 5(b) and 5(c), Performance Shares earned as provided in Section 2 hereof will be paid to you in shares
of Common Stock or cash, at the discretion of Dana, in the calendar year immediately following the close of the Performance Period
to which the award relates, but in no event later than two and one-half (2 1/2) months after the close of the Performance Period.

 

(b)          The
prorated portion of the Performance Shares earned pursuant to Section 3(a) hereof will be paid to you or your executor or administrator,
as the case may be, in shares of Common Stock or cash, in the discretion of Dana, in the calendar year immediately following the
last day of the Performance Period, but in no event later than two and one-half (2 1/2) months after the close of the Performance
Period to which the award relates.

 

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(c)          The
prorated portion of the Performance Shares earned pursuant to Section 3(b) will be paid to you in shares of Common Stock or cash,
in the discretion of Dana, as soon as practicable following the Change in Control, but in no event later than two and one-half
(2 1/2) months following the end of the year in which the Change in Control occurs.

 

6.           Transferability.
Neither the Performance Shares granted hereby nor any interest therein or in the shares of Common Stock related thereto will be
transferable or assignable other than by will or the laws of descent and distribution prior to payment.

 

7.           Right
to Terminate Employment. Nothing contained in this Agreement will confer upon you any right with respect to continuance of
employment by Dana or any Subsidiary, nor limit or affect in any manner the right of Dana or any Subsidiary to terminate the employment
or adjust your compensation.

 

8.           Taxes
and Withholding. To the extent that Dana is required to withhold any federal, state, local or foreign taxes in connection with
the delivery of shares of Common Stock to you or any other person under this Agreement, and the amounts available to Dana for such
withholding are insufficient, it will be a condition to the receipt of such delivery that you will pay such taxes or make arrangements
that are satisfactory to Dana for payment thereof. You may elect to have the number of shares of Common Stock to be delivered to
you reduced (based on the Market Value Per Share as of the date the Performance Shares become payable) to provide for the taxes
required to be withheld, with any fractional shares that would otherwise be delivered being rounded up to the next nearest whole
share. In no event, however, will the Market Value Per Share of the shares of Common Stock to be withheld pursuant to this Section
to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld.

 

9.           Payment
of Dividends. No dividends will be accrued or earned with respect to any Performance Shares until such Performance Shares are
earned by and paid to you in the form of shares of Common Stock as provided in this Agreement.

 

10.          Adjustments.
Dana will make any adjustments in the number of Performance Shares or other securities covered by this Agreement that Dana may
determine to be equitably required to prevent any dilution or expansion of your rights under this Agreement that otherwise would
result from any (a) stock dividend, stock split, reverse stock split, combination of shares, recapitalization or other change in
the capital structure of Dana, (b) merger, consolidation, spin-off, split-off, spin-out, split-up, separation, reorganization,
partial or complete liquidation involving Dana or other distribution of assets, issuance of rights or warrants to purchase securities
of Dana, or (c) other transaction or event having an effect similar to any of those referred to in Sections 10(a) or 10(b). Furthermore,
in the event that any transaction or event described or referred to in the immediately preceding sentence will occur, Dana may
provide in substitution of any or all of your rights under this Agreement such alternative consideration as Dana may determine
in good faith to be equitable under the circumstances.

 

11.          Compliance
with Section 409A of the Code. To the extent applicable, it is intended that this Agreement and the Plan be exempt from or
comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code
do not apply to you. This Agreement and the Plan will be administered in a manner consistent with this intent.

 

12.          Compliance
with Law. Notwithstanding any other provision of this Agreement, the Performance Shares covered by this Agreement will not
be paid if the payment thereof would result in violation of any applicable federal or state securities law.

 

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13.          Amendments.
Any amendment to the Plan will be deemed to be an amendment to this Agreement to the extent that the amendment is applicable hereto;
provided, however, that no amendment will adversely affect your rights under this Agreement without your consent
(provided, however, that your consent will not be required to an amendment that is deemed necessary by Dana to ensure
exemption from or compliance with Section 409A of the Code).

 

14.          Information.
Information about you and your participation in the Plan may be collected, recorded and held, used and disclosed for any purpose
related to the administration of the Plan. You understand that such processing of this information may need to be carried out by
Dana and its Subsidiaries and by third party administrators whether such persons are located within your country or elsewhere,
including the United States of America. You consent to the processing of information relating to you and your participation in
the Plan in any one or more of the ways referred to above.

 

15.          Severability.
If any provision of this Agreement or the application of any provision in this Agreement to any person or circumstances is held
invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other
person or circumstances will not be affected, and the provisions so held to be invalid, unenforceable or otherwise illegal will
be reformed to the extent (and only to the extent) necessary to make it enforceable, valid and legal.

 

16.          Relation
to Plan. This Agreement is subject to the terms and conditions of the Plan. In the event of any inconsistency between the provisions
of this Agreement and the Plan, the Plan will govern. The Board (or a committee of the Board) will, except as expressly provided
otherwise herein, have the right to determine any questions which arise in connection with the grant of Performance Shares. By
your acceptance of the award under this Agreement, you acknowledge receipt of a copy of the Prospectus for the Plan and your agreement
to the terms and conditions of the Plan and this Agreement.

 

17.          Successors
and Assigns. Without limiting Section 6, the provisions of this Agreement will inure to the benefit of, and be binding upon,
your successors, administrators, heirs, legal representatives and assigns, and the successors and assigns of Dana.

 

18.          Governing
Law. This Agreement will be governed by and construed in accordance with the internal substantive laws of the State of Delaware,
without giving effect to any principles of conflict of laws thereof.

 

19.          Failure
to Enforce Not a Waiver. The failure of Dana to enforce at any time any provision of this Agreement shall in no way be construed
to be a waiver of such provision or of any other provision hereof.

 

20.          No
Shareholder Rights Prior to Issuance of Shares. You will have no rights as a shareholder unless and until shares of Company
Stock are issued pursuant to the terms of this Agreement.

 

21.          Relation
to Other Benefits. Any economic or other benefit to you under this Agreement or the Plan will not be taken into account or
considered as salary or compensation in determining any benefits to which you may be entitled under any profit-sharing, retirement
or other benefit or compensation plan maintained by Dana or any Subsidiary, except to the extent otherwise expressly provided under
any such plan, and will not affect the amount of any life insurance coverage available to any beneficiary under any life insurance
plan covering employees of Dana or a Subsidiary, except to the extent otherwise expressly provided under any such plan.

 

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22.          Detrimental
Activity.

 

(a)           If
the Board or a committee thereof determines that you engaged in any Detrimental Activity, then, promptly upon receiving notice
of the Board’s finding, you shall: (i) forfeit all rights under this Agreement to the extent it remains outstanding; (ii)
return to Dana all shares of Common Stock acquired pursuant to this Agreement to the extent then still held by or for you; (iii)
with respect to any shares of Common Stock acquired pursuant to this Agreement that are no longer held by or for you, pay to Dana
the Market Value Per Share of such shares of Common Stock on the date acquired.

 

(b)           To
the extent that such shares are not returned to or amounts are not paid to Dana, Dana may seek other remedies, including without
limitation a set off of the amounts so payable to it against any amounts that may be owing from time to time by Dana or a Subsidiary
to you for any reason, including without limitation wages, deferred compensation or vacation pay.

 

23.          Certain
Defined Terms. For purposes of this Agreement:

 

“Cause”
shall mean (i) the intentional engagement in any acts or omissions constituting dishonesty, breach of a fiduciary obligation, wrongdoing
or misfeasance, in each case, in connection with your duties or otherwise during the course of your employment with Dana or any
Subsidiary; (ii) the commission of a felony or the indictment for any felony, including, but not limited to, any felony involving
fraud, embezzlement, moral turpitude or theft; (iii) the intentional and wrongful damaging of property, contractual interests or
business relationships of Dana or any Subsidiary; (iv) the intentional and wrongful disclosure of secret processes or confidential
information of Dana or any Subsidiary in violation of an agreement with or a policy of Dana or a Subsidiary; (v) the continued
failure to substantially perform your duties for Dana or a Subsidiary; (vi) current alcohol or prescription drug abuse affecting
work performance; (vii) current illegal use of drugs; or (viii) any intentional conduct contrary to announced policies or practices
of Dana or any Subsidiary (including, but not limited to, those contained in Dana’s Code of Conduct).

 

“Detrimental
Activity” shall mean: (i) engaging in any activity of competition or solicitation prohibited by any noncompete or nonsolicitation
agreement between you and Dana or a Subsidiary; (ii) the disclosure to anyone outside Dana or a Subsidiary, or the use in other
than Dana’s or a Subsidiary’s business, (A) without prior written authorization from Dana, of any confidential, proprietary
or trade secret information or material relating to the business of Dana or its Subsidiaries and acquired by you during your employment
or other service with Dana or any of its Subsidiaries, or (B) in violation of any covenant not to disclose set forth in any agreement
between you and Dana or a Subsidiary; (iii) the (A) unreasonable failure or refusal to disclose promptly and to assign to Dana
or a Subsidiary upon request all right, title and interest in any invention or idea, patentable or not, made or conceived by you
during your service with Dana or any of its Subsidiaries and relating in any manner to the actual or anticipated business, research
or development work of Dana or any Subsidiary or the failure or refusal to do anything reasonably necessary to enable Dana or any
Subsidiary to secure a patent where appropriate in the United States or in other countries, or (B) violation of any development
and inventions provision set forth in any agreement between you and Dana or a Subsidiary; (iv) activity during your employment
by Dana or a Subsidiary that could form the basis of your termination for Cause; or (v) if you are or were an officer of Dana,
activity that the Board determines entitles Dana to seek recovery from an officer under any policy promulgated by the Board as
in effect on the date hereof.

 

“Disability”
shall mean a termination of employment under circumstances that would make you eligible to receive benefits under Dana’s
long-term disability plan, as it may be in effect from time to time, or any successor plan, program, agreement or arrangement.

 

“Normal Retirement” shall
mean termination of employment (other than termination for Cause or due to death or Disability) at or after age 60 with at least
10 years of service with Dana or a Subsidiary or at or after age 65.

 

    	5EXHIBIT 10.18

 

DANA HOLDING CORPORATION

STOCK APPRECIATION RIGHTS AGREEMENT

 

1.           The
Award and the Plan. As of the Date of Grant set forth in the Award Notification (“Award Notification”) preceding
or accompanying this Stock Appreciation Rights Agreement (the “Agreement”), Dana Holding Corporation (together with
its successors, “Dana”) grants to you, in respect of each share of Common Stock subject to this Agreement, the right
to receive the excess (collectively, the “Appreciation”) of (a) the Market Value Per
Share as of the date of exercise minus (b) the Exercise Price (the “Exercise Price”) set forth in the Award
Notification (such right collectively the “SAR”). Certain terms used in this Agreement are defined in Section 21 below.
Any undefined terms in this Agreement appearing as defined terms will have the same meaning as they do in the Dana Holding
Corporation 2012 Omnibus Incentive Plan, as amended and/or restated from time to time (the “Plan”). Dana will provide
a copy of the Plan to you upon request.

 

2.           Right
to Exercise.

 

(a)          Subject
to Sections 2(b), (d) and (e), 4 and 6 below, the SAR will become exercisable as set forth in the Award Notification if you remain
continuously employed by either Dana or a Subsidiary until that time. To the extent the SAR is vested and exercisable, it may be
exercised in whole or in part.

 

(b)          Notwithstanding
Section 2(a) above, the SAR will become immediately exercisable in full and remain exercisable until terminated in accordance with
Section 4 below if, at any time prior to the termination of the SAR, a Change in Control shall have occurred.

 

(c)          The
SAR is exercisable by delivery of an exercise notice to Dana or its designated administrator
that will state the election to exercise the SAR and the number of shares of Common Stock in respect of which the SAR is being
exercised. Upon exercising the SAR, you will receive from us, subject to Section 3 below, the Appreciation in respect of each share
of Common Stock for which the SAR is exercised. Dana’s obligation arising upon the exercise of this SAR will be paid 100%
in cash. 

 

(d)          Notwithstanding
Section 2(a) above, if your employment with Dana or any Subsidiary terminates by reason of death, Disability or Normal Retirement,
the SAR will immediately become exercisable in full and will remain exercisable until terminated in accordance with Section 4 below.

 

(e)          Notwithstanding
the foregoing provisions of this Section 2, Dana may provide at any time before the termination of the SAR that any portion or
all of the SAR will become exercisable.

 

(d)          Any
portion of the SAR that has not yet become exercisable as of your termination of employment by Dana and its Subsidiaries shall
terminate upon such employment termination and not become exercisable.

 

3.           Tax
Withholding. The Appreciation will be subject to withholdings to satisfy mandatory tax withholding obligations.

 

    	 

    	 

    

 

4.           Termination.
This SAR will terminate on the earliest of the following dates:

 

(a)          The
date on which you cease to be an employee of Dana or any Subsidiary, if your employment with Dana or a Subsidiary is terminated
for Cause;

 

(b)          Six
(6) months after you cease to be an employee of Dana or a Subsidiary, unless you cease to be an employee by reason of death, Disability,
Normal Retirement or termination for Cause;

 

(c)          One
(1) year after your death if you die while an employee of Dana or a Subsidiary (in which case the SAR becomes immediately exercisable
in full pursuant to Section 2(c) herein);

 

(d)          Three
(3) years after your termination for Disability (as described in Section 2(d) above) while an employee of Dana or a Subsidiary;
and

 

(e)          Ten
(10) years from the Date of Grant.

 

5.           SAR
Nontransferable. This SAR is not transferable by you otherwise than by will or the laws of descent and distribution.

 

6.           Compliance
with Law. Notwithstanding any other provision of this Agreement, the SAR will not be exercisable if such exercise would result
in a violation of any applicable federal or state securities law.

 

7.           Adjustments.
Dana will make any adjustments in the Exercise Price and in the number or kind of shares of Common Stock or other securities covered
by the SAR that Dana may determine to be equitably required to prevent any dilution or expansion of your rights under this Agreement
that otherwise would result from any (a) stock dividend, stock split, reverse stock split, combination of shares, recapitalization
or other change in the capital structure of Dana, (b) merger, consolidation, spin-off, split-off, spin-out, split-up, separation,
reorganization, partial or complete liquidation involving Dana or other distribution of assets, issuance of rights or warrants
to purchase securities of Dana, or (c) other transaction or event having an effect similar to any of those referred to in Section
7(a) or 7(b) hereof. Furthermore, in the event that any transaction or event described or referred to in the immediately preceding
sentence will occur, Dana may provide in substitution of any or all of your rights under this Agreement such alternative consideration
as Dana may determine in good faith to be equitable under the circumstances. In addition, if the Exercise Price is greater than
the consideration offered in connection with any such transaction or event or Change in Control, the Board or a committee thereof
may in its sole discretion elect to cancel the SAR without any payment to you in respect of the SAR.

 

8.           No
Dividend Equivalents. You will not be entitled to dividend equivalents.

 

9.           Right
to Terminate Employment. The SAR is a voluntary, discretionary award being made on a one-time basis and it does not constitute
a commitment to make any future awards. Nothing contained in this Agreement will confer upon you any right with respect to continuance
of employment by Dana or any Subsidiary, nor limit or affect in any manner the right of Dana or any Subsidiary to terminate the
employment or adjust your compensation.

 

10.          Relation
to Other Benefits. Any economic or other benefit to you under this Agreement or the Plan will not be taken into account or
considered as salary or compensation in determining any benefits to which you may be entitled under any profit-sharing, retirement
or other benefit or compensation plan maintained by Dana or any Subsidiary, except to the extent otherwise expressly provided under
any such plan, and will not affect the amount of any life insurance coverage available to any beneficiary under any life insurance
plan covering employees of Dana or a Subsidiary, except to the extent otherwise expressly provided under any such plan.

 

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11.          Information.
Information about you and your participation in the Plan may be collected, recorded and held, used and disclosed for any purpose
related to the administration of the Plan. You understand that such processing of this information may need to be carried out by
Dana and its Subsidiaries and by third party administrators whether such persons are located within your country or elsewhere,
including the United States of America. You consent to the processing of information relating to you and your participation in
the Plan in any one or more of the ways referred to above.

 

12.          Relation
to Plan. This Agreement is subject to the terms and conditions of the Plan. In the event of any inconsistency between the provisions
of this Agreement and the Plan, the Plan will govern. The Board (or a committee of the Board) will, except as expressly provided
otherwise herein, have the right to determine any questions which arise in connection with the grant of the SAR hereunder. By your
acceptance of the SAR under this Agreement, you acknowledge receipt of a copy of the Prospectus for the Plan and your agreement
to the terms and conditions of the Plan and this Agreement.

 

13.          Compliance
with Section 409A of the Code. To the extent applicable, it is intended that the SAR granted under this Agreement and the Plan
be a “stock right” exempt from the provisions of Section 409A of the Code, so that the income inclusion provisions
of Section 409A(a)(1) of the Code do not apply to you. This Agreement and the Plan will be administered in a manner consistent
with this intent.

 

14.          Amendments.
Any amendment to the Plan will be deemed to be an amendment to this Agreement to the extent that the amendment is applicable hereto;
provided, however, that no amendment will adversely affect the your rights under this Agreement without your consent
(provided, however, that your consent will not be required to an amendment that is deemed necessary by Dana to ensure exemption
from or compliance with Section 409A of the Code).

 

15.          Severability.
If any provision of this Agreement or the application of any provision in this Agreement to any person or circumstances is held
invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other
person or circumstances will not be affected, and the provisions so held to be invalid, unenforceable or otherwise illegal will
be reformed to the extent (and only to the extent) necessary to make it enforceable, valid and legal.

 

16.          Successors
and Assigns. Without limiting Section 5 hereof, the provisions of this Agreement will inure to the benefit of, and be binding
upon, your successors, administrators, heirs, legal representatives and assigns, and the successors and assigns of Dana.

 

17.          Governing
Law. This Agreement will be governed by and construed in accordance with the internal substantive laws of the State of Delaware,
without giving effect to any principles of conflict of laws thereof.

 

18.          Failure
to Enforce Not a Waiver. The failure of Dana to enforce at any time any provision of this Agreement shall in no way be construed
to be a waiver of such provision or of any other provision hereof.

 

19.          No
Shareholder Rights Prior to Issuance of Shares. You will have no rights as a shareholder by reason of this Agreement.

 

20.          Detrimental
Activity.

 

(a)          If
the Board or a committee thereof determines that you engaged in any Detrimental Activity, then, promptly upon receiving notice
of the Board’s finding, you shall: (i) forfeit all rights under this Agreement to the extent it remains outstanding; and
(ii) pay to Dana the Appreciation paid to you upon any prior exercise of this SAR.

 

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(b)          To
the extent that such amounts are not paid to Dana, Dana may seek other remedies, including without limitation a set off of the
amounts so payable to it against any amounts that may be owing from time to time by Dana or a Subsidiary to you for any reason,
including without limitation wages, deferred compensation or vacation pay.

 

21.          Certain
Defined Terms. For purposes of this Agreement:

 

“Cause”
shall mean (i) the intentional engagement in any acts or omissions constituting dishonesty, breach of a fiduciary obligation, wrongdoing
or misfeasance, in each case, in connection with your duties or otherwise during the course of your employment with Dana or any
Subsidiary; (ii) the commission of a felony or the indictment for any felony, including, but not limited to, any felony involving
fraud, embezzlement, moral turpitude or theft; (iii) the intentional and wrongful damaging of property, contractual interests or
business relationships of Dana or any Subsidiary; (iv) the intentional and wrongful disclosure of secret processes or confidential
information of Dana or any Subsidiary in violation of an agreement with or a policy of Dana or a Subsidiary; (v) the continued
failure to substantially perform your duties for Dana or a Subsidiary; (vi) current alcohol or prescription drug abuse affecting
work performance; (vii) current illegal use of drugs; or (viii) any intentional conduct contrary to announced policies or practices
of Dana or any Subsidiary (including, but not limited to, those contained in Dana’s Code of Conduct).

 

“Detrimental
Activity” shall mean: (i) engaging in any activity of competition or solicitation prohibited by any noncompete or nonsolicitation
agreement between you and Dana or a Subsidiary; (ii) the disclosure to anyone outside Dana or a Subsidiary, or the use in other
than Dana’s or a Subsidiary’s business, (A) without prior written authorization from Dana, of any confidential, proprietary
or trade secret information or material relating to the business of Dana or its Subsidiaries and acquired by you during your employment
or other service with Dana or any of its Subsidiaries, or (B) in violation of any covenant not to disclose set forth in any agreement
between you and Dana or a Subsidiary; (iii) the (A) unreasonable failure or refusal to disclose promptly and to assign to Dana
or a Subsidiary upon request all right, title and interest in any invention or idea, patentable or not, made or conceived by you
during your service with Dana or any of its Subsidiaries and relating in any manner to the actual or anticipated business, research
or development work of Dana or any Subsidiary or the failure or refusal to do anything reasonably necessary to enable Dana or any
Subsidiary to secure a patent where appropriate in the United States or in other countries, or (B) violation of any development
and inventions provision set forth in any agreement between you and Dana or a Subsidiary; (iv) activity during your employment
by Dana or a Subsidiary that could form the basis of your termination for Cause; or (v) if you are or were an officer of Dana,
activity that the Board determines entitles Dana to seek recovery from an officer under any policy promulgated by the Board as
in effect on the date hereof.

 

“Disability”
shall mean a termination of employment under circumstances that would make you eligible to receive benefits under Dana’s
long-term disability plan, as it may be in effect from time to time, or any successor plan, program, agreement or arrangement.

 

“Normal Retirement” shall
mean termination of employment (other than termination for Cause or due to death or Disability) at or after age 60 with at least
10 years of service with Dana or a Subsidiary or at or after age 65.

 

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