Document:

Exhibit 10.24
	 

	 
		

	 

	 
		SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT
	 

	 
		

	 

	 
		THIS SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this
		“Agreement”) is made and entered into as of the 23rd
		day of December, 2004, between COOPER-STANDARD AUTOMOTIVE INC., an
		Ohio corporation with its principal offices located at 39550 Orchard
		Hill Place Drive, Novi, Michigan 48375 (the
		“Company”), and James S. McElya, residing at 5421
		Burnt Hickory Drive, Valrico, Florida 33594 (the
		“Executive”).
	 

	 
		WITNESSETH:
	 

	 
		WHEREAS, Executive has been employed by Cooper Tire &
		Rubber Company (“Cooper”) in the capacity of
		President of Cooper-Standard Automotive pursuant to the Employment
		Agreement between Cooper Tire & Rubber Company and Executive
		dated as of June 6, 2000, as amended (the “Prior
		Agreement”); and
	 

	 
		WHEREAS, the CSA Acquisition Corp. (“CSA”),
		the parent of the Company, has entered into the Stock Purchase
		Agreement among Cooper Tire & Rubber Company, Cooper Tyre &
		Rubber Company UK Limited and CSA dated as of September 16, 2004 (the
		“Purchase Agreement”); and
	 

	 
		WHEREAS, effective upon, and subject to the occurrence of, the
		Closing on the Closing Date (as each such term is defined in the
		Purchase Agreement), the Company wishes to employ the Executive, and
		Executive wishes to accept such employment, on the terms set forth in
		this Agreement.
	 

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

	 
		1.
	 

	 
		Effectiveness/Certain Defined Terms.
	 

	 
		This Agreement constitutes a binding obligation of the parties
		as of the date hereof; provided that notwithstanding any other
		provisions of this Agreement, the operative provisions of this
		Agreement shall become effective only upon the occurrence of the
		Closing on the Closing Date (as each such term is defined in the
		Purchase Agreement) and, with respect to provisions relating to
		Section 409A of the Code, as of January 1, 2005 (such dates being
		hereinafter referred to, as applicable, as the “Effective
		Date”) at which time this Agreement shall supercede the
		Prior Agreement.  In the event the Purchase Agreement is
		terminated for any reason without the Closing having occurred, or if
		the Closing fails to occur on or prior to March 31, 2005, this
		Agreement shall be terminated without further obligation or liability
		of either party and the Prior Agreement shall remain in full force
		and effect.
	 

	 
		In addition to terms defined elsewhere herein, the following
		terms have the following meanings when used in this Agreement with
		initial capital letters:
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(a)
	 

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

	 
		(b)
	 

	 
		“Award Agreement” means an RSU Award Agreement
		between the Executive and Cooper.
	 

	 
		(c)
	 

	 
		“Average Compensation” means the Executive’s
		average annual compensation, including Base Pay and any annual and
		long-term incentive compensation earned, during the five (5) calendar
		years prior to the year in which a Termination occurs.
	 

	 
		(d)
	 

	 
		“Base Pay” means the Executive’s rate of annual
		base salary, as in effect from time to time.
	 

	 
		(e)
	 

	 
		“Board” means the Board of Directors of the Company.
	 

	 
		(f)
	 

	 
		“Cause” means termination of the Executive’s
		employment with the Company by the Board because of any of the
		following:
	 

	 
		(i)
	 

	 
		any act or omission constituting a material breach by the
		Executive of any of his significant obligations or agreements under
		this Agreement or the continued failure or refusal of the Executive
		to adequately perform the duties reasonably required hereunder which
		is materially injurious to the financial condition or business
		reputation of, or is otherwise materially injurious to, the Company
		or any Affiliate thereof, after notification by the Board of such
		breach, failure or refusal and failure of the Executive to correct
		such breach, failure or refusal within thirty (30) days of such
		notification (other than by reason of the incapacity of the Executive
		due to physical or mental illness); or
	 

	 
		(ii)
	 

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

	 
		(iii)
	 

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

	 
		Any notification to be given by the Board in accordance with
		Section 1(f)(i) or 1(f)(iii) shall specifically identify the
		breach, failure, refusal, act or omission to which the notification
		relates and shall describe the injury to the Company or any of its
		Affiliates, and such notification must be given within twelve (12)
		months of the Board becoming aware, or within twelve (12) months of
		when the Board should have reasonably become aware of the breach,
		failure, refusal, act, or omission identified in the notification.
		 Notwithstanding Section 24, failure to notify the
		Executive within any such twelve (12) month period shall be deemed to
		be a waiver by the Board of any such
	 

	 
		
 

	 

	 
		2
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		breach, failure, refusal, act or omission by the Executive and
		any such breach, failure, refusal, act or omission by the Executive
		shall not then be determined to be a breach of this Agreement.
	 

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

	 
		(g)
	 

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

	 
		(h)
	 

	 
		“Committee” means the Compensation Committee of the
		Board.
	 

	 
		(i)
	 

	 
		“Common Stock” means the CSA’s common stock.
	 

	 
		(j)
	 

	 
		“Company” means the Company as hereinbefore defined.
	 

	 
		(k)
	 

	 
		“Disability” or “Disabled” means when, the
		Executive becomes physically or mentally incapacitated and is
		therefore unable for a period of six (6) consecutive months or for an
		aggregate of nine (9) months in any twenty-four (24) consecutive
		month period to perform the Executive’s duties.  Any
		question as to the existence of the Disability of the Executive as to
		which the Executive and the Company cannot agree shall be determined
		in writing by a qualified independent physician mutually acceptable
		to the Executive and the Company.  If the Executive and the
		Company cannot agree as to a qualified independent physician, each
		shall appoint such a physician and those two physicians shall select
		a third who shall make such determination in writing.  The
		determination of Disability made in writing to the Company and the
		Executive shall be final and conclusive for all purposes of the
		Agreement.
	 

	 
		(l)
	 

	 
		“Good Reason” means the occurrence of any of the
		following, without Executive’s express, prior written consent:
	 

	 
		(i)
	 

	 
		a material breach by the Company of Section 2(a) or Section 4
		of this Agreement, including but not limited to, the assignment to
		the Executive of any duties materially inconsistent with his status
		as President and Chief Executive Officer of the Company, or his
		removal from such position, or a substantial adverse alteration in
		the nature of his responsibilities from those described herein,
		except, in each case, in connection with a promotion of the
		Executive, and the failure of the Company to remedy such breach
		within thirty (30) days after receipt of written notice of such
		breach from the Executive;
	 

	 
		(ii)
	 

	 
		the relocation of the office of the Company where the Executive
		is employed to a location that is 150 miles away from the current
		location, except for relocation to the Company’s headquarters
		and required travel on the Company’s business to an extent
		reasonably required to perform his duties hereunder;
	 

	 
		
 

	 

	 
		3
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(iii)
	 

	 
		except as required by law, the failure by the Company to
		provide to Executive Plans (as defined in Section 4(c)) that provide
		health, life, disability, retirement and fringe benefits that are
		substantially comparable in the aggregate to the level of such
		benefits provided to Executive by Cooper immediately prior to the
		Effective Date, other than due to a reduction in such level of
		benefits to the extent such reduction applies to other senior
		executives of the Company;
	 

	 
		(iv)
	 

	 
		the failure of the Company to obtain a satisfactory agreement
		from any successor to assume and agree to perform this Agreement, as
		contemplated in Section 21 hereof or the purchaser of such business
		shall fail to agree to assume this Agreement or to provide Executive
		with the same or a comparable position, duties, benefits, and base
		salary and incentive compensation as provided in Section 4 of this
		Agreement; or
	 

	 
		(v)
	 

	 
		the failure of the Board to elect Executive to his existing
		position or an equivalent position.
	 

	 
		(m)
	 

	 
		“Incentive Compensation Plan” means the Cooper Tire
		& Rubber Company 1998 Incentive Compensation Plan, as amended.
	 

	 
		(n)
	 

	 
		“Nonqualified Supplementary Benefit Plan” means any
		plan which provides for the payment of pension benefits which would
		be payable under the terms of a Retirement Plan which is a
		tax-qualified defined benefit plan, but for governmental-imposed
		limitations on the amount that is permitted to be paid from such
		Retirement Plan.
	 

	 
		(o)
	 

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

	 
		(p)
	 

	 
		 “Termination” means:
	 

	 
		(i)
	 

	 
		the involuntary termination of the Executive’s employment
		by the Company at any time without Cause, for any reason other than
		retirement, death or disability, or
	 

	 
		(ii)
	 

	 
		termination of his employment by the Executive for Good Reason.

	 

	 
		Termination shall be interpreted to comply with the definition
		of a “separation from service” within the meaning of Code
		Section 409A.
	 

	 
		(q)
	 

	 
		“Termination Date” means the date on which the
		Executive’s employment with the Company is terminated by the
		Company or the Executive for any reason or for no reason.  If
		the Executive’s employment is terminated by the Company, such
		date shall be specified in a written notice of termination (which
		date shall be no earlier than the date of furnishing such notice), or
		if no such date is specified therein, the date of receipt by the
		Executive of such written notice of termination, otherwise the
		Executive shall specify such date in a written notice of his
		resignation.
	 

	 
		
 

	 

	 
		4
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(r)
	 

	 
		“1998 Option Plan” means the Cooper Tire & Rubber
		Company 1998 Employee Stock Option Plan, as amended.
	 

	 
		2.
	 

	 
		Employment and Duties.
	 

	 
		(a)
	 

	 
		General.  The Company hereby employs the Executive
		and the Executive agrees upon the terms and conditions herein set
		forth to serve, as of the Effective Date, as President and Chief
		Executive Officer of the Company, and, in such capacity, shall
		perform such duties as may be delineated in the Bylaws of the
		Company, and such other duties, commensurate with the
		Executive’s title and position of President and Chief Executive
		Officer of the Company, as may be assigned to the Executive from time
		to time by the Board.
	 

	 
		(b)
	 

	 
		Exclusive Services.  Throughout the Term (as
		defined in Section 3), Executive shall, except as may from time to
		time be otherwise agreed in writing by the Company and during
		reasonable vacations and unless prevented by ill health, devote his
		full-time and undivided attention during normal business hours to the
		business and affairs of the Company consistent with his senior
		executive position, shall in all respects conform to and comply with
		the lawful and reasonable directions and instructions given to him by
		the Board, and shall use his best efforts to promote and serve the
		interests of the Company.
	 

	 
		(c)
	 

	 
		Restrictions on Other Employment.  Throughout the
		Term and provided that such activities do not contravene the
		provisions of Section 2(b) hereof or Section 15 hereof:
	 

	 
		(i)
	 

	 
		Executive may engage in charitable and community affairs;
	 

	 
		(ii)
	 

	 
		Executive may perform inconsequential services without specific
		compensation therefor in connection with the management of personal
		investments; and,
	 

	 
		(iii)
	 

	 
		Executive may, directly or indirectly, render services to any
		other person or organization (including service as a member of the
		Board of Directors of any other unaffiliated company), for which he
		receives compensation, that is not in competition with the Company,
		subject in each case to the approval of the Board.  Executive
		may retain all fees he receives for such services, and the Company
		shall not reduce his compensation by the amount of such fees.
		 For purposes of this Section 2(c)(iii) competition shall have
		the same meaning as intended for the purposes of Section 15.
	 

	 
		3.
	 

	 
		Term of Employment.  Subject to the provisions of
		Section 5 through Section 10 hereof, the Company shall retain the
		Executive and the Executive shall serve in the employ of the Company
		for a period (the “Term”) commencing on the
		Effective Date and continuing in effect through December 31, 2009;
		provided, however, that commencing on January 1, 2010, and on
		January 1 of each year thereafter, the Term shall automatically be
		extended for one additional year unless, no later than September 30
		of the preceding year, the Company or the Executive shall have given
		notice to the other that it does not wish to extend this Agreement.
		 
	 

	 
		4.
	 

	 
		Compensation and Other Benefits.  Subject to the
		provisions of this Agreement, the Company shall pay and provide the
		following compensation and other benefits to the Executive during the
		Term as compensation for services rendered hereunder:
	 

	 
		
 

	 

	 
		5
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(a)
	 

	 
		Base Pay.  The Company shall pay to the Executive,
		as of the Effective Date, Base Pay at the rate of $700,000.00 per
		annum, payable biweekly.  The Base Pay will be reviewed not less
		than annually by the Board or by the Compensation Committee and may
		be increased, but not decreased.
	 

	 
		(b)
	 

	 
		Annual Bonus Opportunity.  With respect to each
		full fiscal year during the Term, Executive shall be eligible to earn
		an annual bonus award of eighty percent (80%) of Executive’s
		Base Pay or such higher percentage of Executive’s Base Pay as
		may be determined by the Board or the Compensation Committee, based
		upon and subject to the achievement of annual performance targets
		established by the Board or Compensation Committee prior to the
		beginning of or within the first three months of each fiscal year
		during the Term.
	 

	 
		(c)
	 

	 
		Employee Benefit Plans.   At all times during
		the Term, the Executive shall be provided the opportunity to
		participate in such Retirement Plans, and such employee pension
		benefit plans, whether or not qualified, and employee welfare benefit
		plans, programs and arrangements (collectively, the
		“Plans”) as are generally made available to
		executives of the Company.  Unless otherwise required by law,
		the Company will provide to Executive Plans that provide health,
		life, disability, retirement and fringe benefits that are
		substantially comparable in the aggregate to the level of such
		benefits provided to Executive by Cooper immediately prior to the
		Effective Date; provided, however, that the Company may reduce such
		level of benefits to the extent such reduction applies to other
		senior executives of the Company.
	 

	 
		(d)
	 

	 
		Long-Term Incentive Compensation.  The Executive
		shall be eligible to participate in such long-term incentive plans
		and programs as the Company generally provides to its senior
		executives.
	 

	 
		(e)
	 

	 
		Change of Control Severance Pay Plan.  The
		Executive shall participate in the Company’s Change of Control
		Severance Pay Plan, substantially in the form of Annex B.  If
		the Executive is employed on the date of a Change of Control (as
		defined in the Change of Control Severance Plan), the Change of
		Control Severance Plan shall apply for purposes of determining the
		Executive’s severance benefits; provided that the Company has
		not terminated the Change of Control Severance Plan prior to the
		Change of Control.
	 

	 
		5.
	 

	 
		Termination Without Cause or for Good Reason.
	 

	 
		(a)
	 

	 
		If the Executive’s employment is terminated by the Company
		without Cause or if the Executive terminates his employment hereunder
		for Good Reason, and conditioned upon the Executive’s delivering
		to the Company the Release provided for in Section 16 with all
		periods for revocation expired, the Company shall pay or provide to
		the Executive, subject to Section 19:
	 

	 
		(i)
	 

	 
		a single lump sum cash payment within five (5) business days
		following the expiration of such revocation period equal to the
		Executive’s then current Base Pay that has accrued but not been
		paid through his Termination Date, any annual and/or long-term bonus
		earned but unpaid as of the date of termination for any previously
		completed fiscal year or performance period, and a pro rata incentive
		compensation payment accrued through his Termination Date.  For
		this purpose, the Executive’s pro
	 

	 
		
 

	 

	 
		6
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		rata incentive compensation will be determined by multiplying
		the target amount payable under all outstanding incentive awards
		multiplied (for each award) by a fraction, the numerator of which is
		the number of days that have elapsed in the period to which such
		award relates through the Termination, and the denominator of which
		is the total number of days in the period;
	 

	 
		(ii)
	 

	 
		a single lump sum cash payment within five (5) business days
		following the expiration of such revocation period equal to the
		greater of:
	 

	 
		(A)
	 

	 
		the Executive’s Severance Pay, which shall equal the sum
		of the biweekly payments that the Executive would receive if he were
		paid at the rate of his Average Compensation for the remainder of the
		Term; or
	 

	 
		(B)
	 

	 
		three (3) times the sum of (x) Executive’s Base Pay plus
		(y) target annual incentive compensation for the year prior to the
		year in which such Termination occurs; plus
	 

	 
		(iii)
	 

	 
		a single lump sum cash payment within five (5) business days
		following the expiration of such revocation period equal to the
		actuarial equivalent of the excess of (1) the retirement pension
		(determined as a straight line annuity commencing at age sixty-five
		(65) or the first of the month following the Executive’s
		termination of employment, whichever is later) which he would have
		accrued under the terms of the Retirement Plans (without regard to
		any amendment to such Retirement Plans or other pension benefit
		program described herein), determined as if the Executive were fully
		vested thereunder and had accumulated (after the Termination Date)
		thirty-six (36) additional months (or, if greater, the number of
		months remaining in the Term) of service credit thereunder at his
		highest annual pensionable compensation (as determined pursuant to
		the terms of the Retirement Plans) during any calendar year for the
		five (5) years immediately preceding the year in which the
		Termination Date occurs, over (2) the retirement pension (determined
		as a straight life annuity commencing at age sixty-five (65) or the
		first of the month following the Executive’s termination of
		employment, whichever is later) which Executive had then accrued
		pursuant to the provisions of the Retirement Plans.  For
		purposes of this subsection, “actuarial equivalent” shall
		be determined using all of the same mortality, interest rate and
		other methods and assumptions as are used from time to time to
		determine “actuarial equivalence” for lump sum benefits
		under the Retirement Plan.
	 

	 
		(iv)
	 

	 
		for thirty-six (36) months following his Termination Date, the
		Company shall arrange to provide Executive with life, accident and
		health insurance benefits substantially similar to those to which
		Executive and Executive’s eligible dependents were entitled
		immediately prior to his Termination.  Any benefit elections
		pertaining to Executive during the thirty-six (36) month period shall
		be consistent with the elections in effect for Executive immediately
		prior to his  Termination.  If and to the extent that any
		benefit described in this subsection 5(a)(iv) is not or cannot be
		paid or provided under any policy, plan, program or arrangement of
		the Company, then the Company will itself pay or provide for the
		payment to Executive and Executive’s covered dependents, of such
		benefits along with, in the case of any benefits described in this
	 

	 
		
 

	 

	 
		7
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		subsection 5(a) (iv) that is subject to tax because it is not
		or cannot be paid or provided under any such policy, plan, program or
		arrangement of the Company or any affiliated employer, an additional
		amount (the “Tax Payment”) such that after payment by
		Executive or Executive’s dependents or beneficiaries, as the
		case may be, of all taxes so imposed, the recipient retains an amount
		equal to such taxes; provided, however, that such benefit must have
		been non-taxable to Executive during his employment or (ii) such
		benefit must have been taxable to Executive during his active
		employment but Executive must have been reimbursed for all taxes so
		imposed.   The Tax Payment shall be paid in the first
		calendar quarter following the calendar year to which it pertains.
		 Notwithstanding the foregoing, or any other provision of the
		Company’s health insurance plan, for purposes of determining the
		period of continuation coverage to which Executive or any of his
		dependents is entitled pursuant to Section 4980B of the Code under
		the Company’s medical, dental and other group health plans, or
		successor plans, Executive’s “qualifying event” will
		be the termination of the 36-month period described herein.
		 Benefits otherwise receivable by Executive or his eligible
		dependents pursuant to this subsection 5(a)(iv) shall be reduced to
		the extent comparable benefits are actually received by Executive and
		his eligible dependents during the remainder of such period following
		Executive’s Termination, and any such benefits actually received
		by Executive and his eligible dependents shall be reported to the
		Company;  
	 

	 
		(v)
	 

	 
		following the end of the period specified in subsection
		5(a)(iv), the Company shall arrange to provide medical and life
		insurance coverages to Executive and his spouse for their lifetimes,
		and Executive’s dependent children until they cease to be
		eligible as “dependents” under the terms of the
		Company’s plans as in effect at the time of Executive’s
		termination (e.g., as a result of reaching age 19) substantially
		equivalent (taking into account Medicare benefits to which they may
		become entitled) to those provided to Executive, his spouse and
		dependents under the Company’s employee plans based on
		Executive’s elections in effect immediately preceding his
		Termination, and at a cost to Executive, his spouse and dependent
		children not greater that the costs pertaining to them as in effect
		immediately prior to Executive’s Termination.
		  Benefits otherwise receivable by Executive or his
		dependents pursuant to this subsection 5(a)(v) shall be reduced to
		the extent comparable benefits are actually received by Executive or
		his dependents, and any such benefits actually received by Executive
		and his dependents shall be reported to the Company; and
	 

	 
		(vi)
	 

	 
		outplacement services by a firm selected by the Executive, at
		the expense of the Company in an amount up to 15% of the
		Executive’s Base Pay, so long as the services are completed
		prior to the end of the second calendar year following the year in
		which the Executive’s Termination occurs.
	 

	 
		(b)
	 

	 
		The Executive agrees and acknowledges that in the event that
		any amounts or benefits become payable pursuant to Section 5(a) on or
		before December 31, 2007, any claims for such amounts or benefits
		will be made first against the Trust (as defined in Section 11).
		 Any payments of compensation, pension, severance or other
		benefits paid from the Trust shall, to the extent thereof, discharge
		the Company’s obligation to pay such amounts hereunder.  If
		the Trust does not pay such amounts and/or to the extent there are
		not sufficient assets in the Trust to
	 

	 
		
 

	 

	 
		8
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		satisfy such obligations, the remaining balance owing to the
		Executive will be payable by the Company.
	 

	 
		(c)
	 

	 
		The parties acknowledge the following terms of the Prior
		Agreement, which shall be an obligation of Cooper:
	 

	 
		(i)
	 

	 
		Notwithstanding any provision in the Award Agreement or this
		Section 5, all restricted stock units granted to the Executive by
		Cooper prior to the Effective Date which have not otherwise vested
		shall immediately vest and, within five (5) days after Effective
		Date, Cooper shall pay to Executive an amount equal to the fair
		market value (computed as the average of the high and low trades
		reported on the New York Stock Exchange) of the common stock of
		Cooper represented by such restricted stock units determined as of
		the Effective Date.  Such cash payment shall be deemed to be in
		lieu of and in substitution for any right Executive may have to such
		restricted stock units under the terms of the Award Agreement, and
		Executive agrees to surrender all restricted stock units being cashed
		out hereunder immediately prior to receiving the cash payment
		described above.
	 

	 
		(ii)
	 

	 
		Notwithstanding any provision in the Incentive Compensation
		Plan, the 1998 Option Plan, other relevant plan or program or this
		Section 5, all stock options granted to the Executive by Cooper prior
		to the Effective Date which have not otherwise vested shall be vested
		and, within five (5) business days after the Effective Date, Cooper
		shall pay to Executive in cash an amount equal to the aggregate of
		the difference between the exercise price of each stock option
		granted to Executive prior to the Effective Date, and the fair market
		value (computed as the average of the high and low trades reported on
		the New York Stock Exchange) of the common stock subject to the
		related option, determined as of the Effective Date.  Such cash
		payment shall be deemed to be in lieu of and in substitution for any
		right Executive may have to exercise such stock option or a related
		stock appreciation right under the terms of the relevant stock option
		plan describing such rights, and Executive agrees to surrender all
		stock options and related stock appreciation rights being cashed out
		hereunder prior to receiving the cash payment described above.
	 

	 
		6.
	 

	 
		Termination for Cause or Without Good Reason.  If,
		prior to the expiration of the Term, the Executive’s employment
		is terminated by the Company for Cause, or if the Executive
		terminates his employment hereunder without Good Reason, the
		Executive shall not be eligible to receive Base Pay under Section
		4(a) or to participate in any Plans under Section 4(c) with respect
		to periods after the Termination Date, except as otherwise provided
		by applicable law, and except for the right to receive vested
		benefits under any Plan in accordance with the terms of such Plan.
		 However, the Executive shall be eligible to receive a pro rata
		portion of any incentive compensation for the Company’s fiscal
		year during which the Termination Date occurs, but not for any later
		years.  
	 

	 
		7.
	 

	 
		Termination by Death.  If the Executive dies prior
		to the expiration of the Term, this Agreement shall terminate and
		Executive’s beneficiary, estate or family, as applicable, shall
		be entitled to receive:
	 

	 
		
 

	 

	 
		9
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(a)
	 

	 
		for a period of 90 days beginning on the date of the
		Executive’s death a biweekly amount equal to the biweekly Base
		Pay paid to the Executive by the Company for the payroll period
		immediately prior to his death;
	 

	 
		(b)
	 

	 
		any pro rata portion of the Executive’s incentive
		compensation for the fiscal year in which Executive’s death
		occurs.  For this purpose, the Executive’s pro rata
		incentive compensation will be determined by multiplying the target
		amount payable under all outstanding incentive awards multiplied (for
		each award) by a fraction, the numerator of which is the number of
		days that have elapsed in the period to which such award relates
		through the Termination, and the denominator of which is the total
		number of days in the period; and
	 

	 
		(c)
	 

	 
		lifetime health insurance benefits in effect for such
		beneficiaries immediately prior to Executive’s death.  For
		clarification, the Company shall arrange to provide medical and life
		insurance coverages to Executive’s spouse for her lifetime, and
		Executive’s dependent children until they cease to be eligible
		as “dependents” under the terms of the Company’s plans
		as in effect at the time of Executive’s death (e.g., as a result
		of reaching age 19) substantially equivalent (taking into account
		Medicare benefits to which they may become entitled) to those
		provided to Executive, his spouse and dependents under the
		Company’s employee plans based on Executive’s elections in
		effect immediately prior to Executive’s death and at a cost to
		his spouse and dependent children not greater that the costs
		pertaining to them as in effect immediately prior to Executive’s
		death.   
	 

	 
		8.
	 

	 
		Termination by Disability.  If, prior to the
		expiration of the Term, the Executive becomes Disabled, the Company
		or the Executive shall be entitled to terminate his employment, and
		Executive shall be entitled to:
	 

	 
		(a)
	 

	 
		the Executive’s then current Base Pay that has that has
		accrued through his Termination Date but not yet been paid,
	 

	 
		(b)
	 

	 
		any pro rata portion of the Executive’s incentive
		compensation for the fiscal year in which the Executive’s
		Disability occurs.  For this purpose, the Executive’s pro
		rata incentive compensation will be determined by multiplying the
		target amount payable under all outstanding incentive awards
		multiplied (for each award) by a fraction, the numerator of which is
		the number of days that have elapsed in the period to which such
		award relates through the Termination, and the denominator of which
		is the total number of days in the period; and
	 

	 
		(c)
	 

	 
		all available benefits under the Plans, including lifetime life
		and medical insurance benefits substantially similar to those to
		which Executive and Executive’s family were entitled immediately
		prior to Executive’s termination of employment with the Company
		because of Executive becoming Disabled.   For
		clarification, Company shall arrange to provide medical and life
		insurance coverages to Executive and his spouse for their lifetimes,
		and Executive’s dependent children until they cease to be
		eligible as “dependents” under the terms of the
		Company’s plans as in effect at the time of Executive’s
		termination (e.g., as a result of reaching age 19) substantially
		equivalent (taking into account Medicare benefits to which they may
		become entitled) to those provided to Executive, his spouse and
		dependents under the Company’s employee plans based on
		Executive’s elections in effect immediately prior to
	 

	 
		
 

	 

	 
		10
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		Executive’s termination and at a cost to Executive, his
		spouse and dependent children not greater that the costs pertaining
		to them as in effect immediately prior to Executive’s
		termination.   
	 

	 
		9.
	 

	 
		Termination by Retirement.  If, prior to the
		expiration of the Term, the Executive voluntarily elects to retire
		under the Company’s tax qualified Retirement Plan,
		Executive’s employment will be terminated as of the date of such
		retirement.
	 

	 
		10.
	 

	 
		Expiration of Employment Term.  In the event either
		party elects not to extend the Term pursuant to Section 3, unless
		Executive’s employment is earlier terminated pursuant to
		Sections 5, 6, 7, 8 or 9, Executive’s termination of employment
		hereunder shall be deemed to occur on the close of business on
		December 31 of the year in which either party has timely given the
		notice provided for in Section 3, and upon such deemed termination of
		Executive’s employment hereunder:
	 

	 
		(i)
	 

	 
		if Executive has elected not to extend the Term, Executive
		shall be entitled to receive upon the Executive’s actual
		separation from the Company and its affiliates:
	 

	 
		(A)
	 

	 
		the Base Salary accrued but not paid through the date of
		termination;
	 

	 
		(B)
	 

	 
		any annual and/or long-term bonus or incentive payment earned
		but unpaid as of the date of termination for any completed fiscal
		year or performance period;
	 

	 
		(C)
	 

	 
		reimbursement for any unreimbursed business expenses properly
		incurred by Executive in accordance with Company policy prior to the
		date of Executive’s termination; and
	 

	 
		(D)
	 

	 
		such benefits, if any, as to which Executive may be entitled
		under the employee benefit plans of the Company (the amounts
		described in clauses (A) through (D) hereof being referred to as the
		“Accrued Rights”);  or
	 

	 
		(ii)
	 

	 
		if the Company has elected not to extend the Term (for other
		than Cause), Executive shall be entitled to receive the amounts and
		considerations provided for in Section 5 as if Executive’s
		employment had been terminated by the Company without Cause (other
		than by reason of Executive’s death or Disability) or by
		Executive’s resignation for Good Reason immediately prior to the
		expiration of the Term; provided that:
	 

	 
		(A)
	 

	 
		the amounts and considerations provided for in Section 5 shall
		not be paid or begin to be paid until the Executive’s actual
		separation from the Company and its affiliates (within the meaning of
		Code Section 409A);
	 

	 
		(B)
	 

	 
		if the date of Executive’s actual separation from the
		Company is between his 63rd and 64th birthdays, the
		multiple applicable to the lump sum payment under Section 5(a)(ii)
		shall be reduced from three (3) to two (2);
	 

	 
		
 

	 

	 
		11
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(C)
	 

	 
		if the date of Executive’s actual separation from the
		Company is between his 64th and 65th birthdays,
		the multiple applicable to the lump sum payment under Section
		5(a)(ii) shall be reduced from two (2) to one (1); and
	 

	 
		(D)
	 

	 
		if the date of Executive’s actual separation from the
		Company is on or after his 65th birthday, Executive shall
		be entitled to receive only the Accrued Rights.
	 

	 
		Following such termination of Executive’s employment
		hereunder as a result of either party’s election not to extend
		the Term, except as set forth in this Section 10, Executive
		shall have no further rights to any compensation or any other
		benefits under this Agreement.
	 

	 
		11.
	 

	 
		Cooper Trust.
	 

	 
		(a)
	 

	 
		The parties acknowledge, that pursuant to the Prior Agreement,
		upon the earlier to occur of (i) a Change in Control (as defined in
		the Prior Agreement) or (ii) a declaration by the Board of Directors
		of Cooper that a Change in Control (as defined in the Prior
		Agreement) was imminent, Cooper was to transfer certain sums to cover
		payments to be made to the Executive relating to the Prior Agreement
		into a trust (the “Trust”).  
	 

	 
		(b)
	 

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

	 
		12.
	 

	 
		Certain Additional Payments by the Company.
	 

	 
		(a)
	 

	 
		Anything in this Agreement to the contrary notwithstanding, in
		the event that following the Effective Date the Executive’s
		employment with the Company is terminated by the Company or the
		Executive, and it shall be determined (as hereafter provided) that
		any payment (other than the Gross-Up payments provided for in this
		Section 12) or distribution by the Company or any of its Affiliates
		to or for the benefit of the Executive, whether paid or payable or
		distributed or distributable pursuant to the terms of this Agreement
		or otherwise pursuant to or by reason of any other agreement, policy,
		plan, program or arrangement, including without limitation any stock
		option, performance share, performance unit, stock appreciation right
		or similar right, or the lapse or termination of any restriction on
		or the vesting or exercisability of any of the foregoing (a
		“Payment”), would be subject to the excise tax
		imposed by Section 4999 of the Code by reason of being considered
		“contingent on a change in ownership or control” of the
		Company, within the meaning of Section 280G of the Code or to any
		similar tax imposed by state or local law, or any interest or
		penalties with respect to such tax (such tax or taxes, together with
		any such interest and penalties, being hereafter collectively
		referred to as the “Excise Tax”), then the Executive
		shall be entitled to receive an additional payment or payments
		(collectively, a “Gross-Up Payment”);
		provided, however, that no Gross-Up Payment shall be
		made with respect to the Excise Tax, if any, attributable to (i) any
		incentive stock option (“ISO”), as defined by
		Section 422 of the Code granted prior to the execution of this
		Agreement where the addition of a Gross-Up Payment would cause the
		ISO to lose such
	 

	 
		
 

	 

	 
		12
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		status, or (ii) any stock appreciation or similar right,
		whether or not limited, granted in tandem with any ISO described in
		clause (i).  The Gross-Up Payment shall be in an amount such
		that, after payment by the Executive of all taxes (including any
		interest or penalties imposed with respect to such taxes), including
		any Excise Tax imposed upon the Gross-Up Payment, the Executive
		retains an amount of the Gross-Up Payment equal to the Excise Tax
		imposed upon the Payment.
	 

	 
		(b)
	 

	 
		Subject to the provisions of Section 12(f), all determinations
		required to be made under this Section 12, including whether an
		Excise Tax is payable by the Executive and the amount of such Excise
		Tax and whether a Gross-Up Payment is required to be paid by the
		Company to the Executive and the amount of such Gross-Up Payment, if
		any, shall be made by a nationally recognized accounting firm (the
		“Accounting Firm”) selected by the Executive in his
		sole discretion.  The Executive shall direct the Accounting Firm
		to submit its determination and detailed supporting calculations to
		both the Company and the Executive within 30 calendar days after the
		Termination Date, if applicable, and any such other time or times as
		may be requested by the Company or the Executive.  If the
		Accounting Firm determines that any Excise Tax is payable by the
		Executive, the Company shall pay the required Gross-Up Payment to the
		Executive within five (5) business days after receipt of such
		determination and calculations with respect to any Payment to the
		Executive, or if later, the date provided in Section 19, if
		applicable.  If the Accounting Firm determines that no Excise
		Tax is payable by the Executive, it shall, at the same time as it
		makes such determination, furnish the Company and the Executive an
		opinion that the Executive has substantial authority not to report
		any Excise Tax on his federal, state or local income or other tax
		return.  As a result of the uncertainty in the application of
		Section 4999 of the Code (or any successor provision thereto) and the
		possibility of similar uncertainty regarding applicable state or
		local tax law at the time of any determination by the Accounting Firm
		hereunder, it is possible that Gross-Up Payments which will not have
		been made by the Company should have been made (an
		“Underpayment”), consistent with the calculations
		required to be made hereunder.  In the event that the Company
		exhausts or fails to pursue its remedies pursuant to Section 12(f)
		and the Executive thereafter is required to make a payment of any
		Excise Tax, the Executive shall direct the Accounting Firm to
		determine the amount of the Underpayment that has occurred and to
		submit its determination and detailed supporting calculations to both
		the Company and the Executive as promptly as possible.  Any such
		Underpayment shall be promptly paid by the Company to, or for the
		benefit of, the Executive within five (5) business days after receipt
		of such determination and calculations; provided that, if the
		payment at such time would cause an additional tax under Code
		Section 409A, then the underpayment shall be made on the seventh
		(7th) anniversary of the date of the Executive’s
		Termination.
	 

	 
		(c)
	 

	 
		The Company and the Executive shall each provide the Accounting
		Firm access to and copies of any books, records and documents in the
		possession of the Company or the Executive, as the case may be,
		reasonably requested by the Accounting Firm, and otherwise cooperate
		with the Accounting Firm in connection with the preparation and
		issuance of the determinations and calculations contemplated by
		Section 12(b).  Any determination by the Accounting Firm as to
		the amount of the Gross-Up Payment shall be binding upon the Company
		and the Executive.
	 

	 
		
 

	 

	 
		13
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(d)
	 

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

	 
		(e)
	 

	 
		The fees and expenses of the Accounting Firm for its services
		in connection with the determinations and calculations contemplated
		by Section 12(b) shall be borne by the Company.  If such fees
		and expenses are initially paid by the Executive, the Company shall
		reimburse the Executive the full amount of such fees and expenses
		within five (5) business days after receipt from the Executive of a
		statement therefor and reasonable evidence of his payment thereof.
	 

	 
		(f)
	 

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

	 
		(i)
	 

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

	 
		(ii)
	 

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

	 
		(iii)
	 

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

	 
		(iv)
	 

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

	 
		
 

	 

	 
		14
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		provided, however, that the Company shall bear
		and pay directly all costs and expenses (including interest and
		penalties) incurred in connection with such contest and shall
		indemnify and hold harmless the Executive, on an after-tax basis, for
		and against any Excise Tax or income tax, including interest and
		penalties with respect thereto, imposed as a result of such
		representation and payment of costs and expenses.  Without
		limiting the foregoing provisions of this Section 12(f), the Company
		shall control all proceedings taken in connection with the contest of
		any claim contemplated by this Section 12(f) and, at its sole option,
		may pursue or forego any and all administrative appeals, proceedings,
		hearings and conferences with the taxing authority in respect of such
		claim (provided, however, that the Executive may participate therein
		at his own cost and expense) and may, at its option, either direct
		the Executive to pay the tax claimed and sue for a refund or contest
		the claim in any permissible manner, and the Executive agrees to
		prosecute such contest to a determination before any administrative
		tribunal, in a court of initial jurisdiction and in one or more
		appellate courts, as the Company shall determine; provided,
		however, that if the Company directs the Executive to pay the
		tax claimed and sue for a refund, the Company shall, to the extent
		permitted by applicable law and to the extent such payment would not
		cause the Executive to pay an additional tax under Code
		Section 409A, advance the amount of such payment to the
		Executive on an interest-free basis and shall indemnify and hold the
		Executive harmless, on an after-tax basis, from any Excise Tax or
		income or other tax, including interest or penalties with respect
		thereto, imposed with respect to such advance; and provided
		further, however, that any extension of the statute of
		limitations relating to payment of taxes for the taxable year of the
		Executive with respect to which the contested amount is claimed to be
		due is limited solely to such contested amount.  Furthermore,
		the Company’s control of any such contested claim shall be
		limited to issues with respect to which a Gross-Up Payment would be
		payable hereunder and the Executive shall be entitled to settle or
		contest, as the case may be, any other issue raised by the Internal
		Revenue Service or any other taxing authority.
	 

	 
		(g)
	 

	 
		If, after the receipt by the Executive of an amount advanced by
		the Company pursuant to Section 12(f), the Executive receives any
		refund with respect to such claim, the Executive shall (subject to
		the Company’s complying with the requirements of Section 12(f))
		promptly pay to the Company the amount of such refund (together with
		any interest paid or credited thereon after any taxes applicable
		thereto).  If, after the receipt by the Executive of an amount
		advanced by the Company pursuant to Section 12(f), a determination is
		made that the Executive shall not be entitled to any refund with
		respect to such claim and the Company does not notify the Executive
		in writing of its intent to contest such denial or refund prior to
		the expiration of thirty (30) calendar days after such determination,
		then such advance shall be forgiven and shall not be required to be
		repaid and the amount of any such advance shall offset, to the extent
		thereof, the amount of Gross-Up Payment required to be paid by the
		Company to the Executive pursuant to this Section 12.
	 

	 
		13.
	 

	 
		Mitigation.  Nothing in this Agreement shall be
		construed to require Executive to mitigate his damages upon
		termination of employment without Cause or for Good Reason.  The
		Company hereby acknowledges that it will be difficult and may be
		impossible for the Executive to find reasonably comparable employment
		following the Termination Date and that the non-competition covenant
		contained in Section 15 will further limit the employment
		opportunities for the Executive.  In addition, the Company
		acknowledges that its severance pay plans applicable in general to
		its salaried employees do not provide for mitigation, offset or
		reduction of any
	 

	 
		
 

	 

	 
		15
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		severance payment received thereunder.  Accordingly, the
		payment of the severance compensation by the Company to the Executive
		in accordance with the terms of this Agreement is hereby acknowledged
		by the Company to be reasonable, and the Executive will not be
		required to mitigate the amount of any payment provided for in this
		Agreement by seeking other employment or otherwise, nor will any
		profits, income, earnings or other benefits from any source
		whatsoever create any mitigation, offset, reduction or any other
		obligation on the part of the Executive hereunder or otherwise.
	 

	 
		14.
	 

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

	 
		15.
	 

	 
		Secrecy and Noncompetition.
	 

	 
		(a)
	 

	 
		No Competing Employment.  For so long as the
		Executive is employed by the Company and continuing for two (2) years
		after the termination of such employment for any reason (the
		“Non-Compete Period”), Executive shall not, unless
		he receives the prior written consent of the Board, directly or
		indirectly, whether as owner, consultant, employee, partner,
		venturer, agent, through stock ownership (except ownership of less
		than one percent (1.0%) of the number of shares outstanding of any
		securities which are publicly traded), investment of capital, lending
		of money or property, rendering of services, or otherwise, compete
		with any of the businesses engaged in by the Company or any of its
		Affiliates at the time of the termination of the Executive’s
		employment hereunder (such businesses are herein after referred to as
		the “Business”), or assist, become interested in or
		be connected with any corporation, firm, partnership, joint venture,
		sole proprietorship or other entity which so competes with the
		Business.  The restrictions imposed by this subsection shall not
		apply to any geographic area in which neither the Company nor any of
		its Affiliates is engaged in the Business.
	 

	 
		
 

	 

	 
		16
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(b)
	 

	 
		No Interference.  During the Non-Compete Period,
		the Executive shall not, whether for his own account or for the
		account of any other individual, partnership, firm, corporation or
		other business organization or entity (other than the Company),
		intentionally solicit, endeavor to entice away from the Company or
		any of its Affiliates or otherwise interfere with the relationship of
		the Company or any of its Affiliates with, any person who is employed
		by or associated with the Company or any of its Affiliates
		(including, but not limited to, any independent sales representatives
		or organizations) or any person or entity who is, or was within the
		then most recent 12-month period, a customer or client of the Company
		or any of its Affiliates.
	 

	 
		(c)
	 

	 
		Secrecy.  Executive recognizes that the services to
		be performed by him hereunder are special, unique and extraordinary
		in that, by reason of his employment hereunder and his past
		employment with the Company, he may acquire or has acquired
		confidential information and trade secrets concerning the operation
		of the Company or any of its Affiliates, the use or disclosure of
		which could cause the Company substantial loss and damages which
		could not be readily calculated and for which no remedy at law would
		be adequate.  Accordingly, Executive covenants and agrees with
		the Company that he will not at any time, except in performance of
		Executive’s obligations to the Company hereunder or with the
		prior written consent of the Board, directly or indirectly, disclose
		any secret or confidential information that he may learn or has
		learned by reason of his association with the Company or any of its
		Affiliates, or use any such information to the detriment of the
		Company or any of its Affiliates.  The term “confidential
		information”, includes, without limitation, information not
		previously disclosed to the public or to the trade by the
		Company’s management with respect to the Company’s or any
		of its Affiliates’ products, manufacturing processes, facilities
		and methods, research and development, trade secrets, know-how and
		other intellectual property, systems, procedures, manuals,
		confidential reports, product price lists, customer lists, marketing
		plans or strategies, financial information (including the revenues,
		costs or profits associated with the Company’s or any of its
		Affiliates’ products), business plans, prospects or
		opportunities.  Executive understands and agrees that the rights
		and obligations set forth in this subsection 15(c) are perpetual and,
		in any case, shall extend beyond the Non-Compete Period and
		Executive’s employment hereunder.
	 

	 
		(d)
	 

	 
		Exclusive Property.  Executive confirms that all
		confidential information is and shall remain the exclusive property
		of the Company.  All business records, papers and documents kept
		or made by Executive relating to the business of the Company shall be
		and remain the property of the Company.  Upon the termination of
		his employment with the Company or upon the request of the Company at
		anytime, Executive shall promptly deliver to the Company, and shall
		not, without the consent of the Board (which consent shall not be
		unreasonably withheld), retain copies of, any written materials not
		previously made available to the public, records and documents made
		by Executive or coming into his possession concerning the business or
		affairs of the Company excluding records relating exclusively to the
		terms and conditions of his employment relationship with the Company.
		 Executive understands and agrees that the rights and
		obligations set forth in this subsection 15(d) are perpetual and, in
		any case, shall extend beyond the Non-Compete Period and
		Executive’s employment hereunder.
	 

	 
		
 

	 

	 
		17
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(e)
	 

	 
		Stock Ownership.  Other than as specified in
		Section 2(c) or 15(a) hereof, nothing in this Agreement shall
		prohibit Executive from acquiring or holding any issue of stock or
		securities of any company or other business entity.
	 

	 
		(f)
	 

	 
		Injunctive Relief.  Without intending to limit the
		remedies available to the Company, executive acknowledges that a
		breach of any of the covenants contained in this Section 15 may
		result in material irreparable injury to the Company for which there
		is no adequate remedy at law, that it will not be possible to measure
		damages for such injuries precisely and that, in the event of such a
		breach or threat thereof, the Company shall be entitled to obtain a
		temporary restraining order and/or a preliminary or permanent
		injunction restraining the Executive from engaging in activities
		prohibited by this Section 15 or such other relief as may be required
		to specifically enforce any of the covenants in this Section 15.
	 

	 
		(g)
	 

	 
		Extension of Non-Compete Period.  In addition to
		the remedies the Company may seek and obtain pursuant to subsection
		(f) of this Section 15, the Non-Compete Period shall be extended by
		any and all periods during which Executive shall be found by a court
		possessing personal jurisdiction over him to have been in violation
		of the covenants contained in this Section 15.
	 

	 
		16.
	 

	 
		Release.  The receipt of payments provided for in
		Section 5, Section 10 and Section 12 is conditioned upon the
		Executive executing and delivering a release substantially in the
		form of Annex A hereto, and upon the expiration of the revocation
		period provided for in Annex A without a revocation.
	 

	 
		17.
	 

	 
		Breach.  In addition to the remedies provided for
		in Section 15(f), if Executive is in breach of this Agreement and
		Executive does not cure such breach (if curable) within 10 days
		following written notice thereof by the Company, then the Company
		may, at its sole option, (i) in the case of a breach of any provision
		of this Agreement, immediately terminate all remaining payments and
		benefits described in Section 5 of this Agreement, and (ii) in the
		case of a breach of either Section 15(a) or Section 15(c) of this
		Agreement, obtain reimbursement from Executive of all payments by the
		Company already provided pursuant to Section 5 of this Agreement,
		plus any expenses, fees and damages incurred as a result of the
		breach, with the remainder of this Agreement, and all promises and
		covenants herein, remaining in full force and effect.
	 

	 
		18.
	 

	 
		Continued Availability and Cooperation.
	 

	 
		(a)
	 

	 
		In the event of a Termination, the Executive shall cooperate
		fully with the Company and its Affiliates and with the Company’s
		counsel in connection with any present and future actual or
		threatened litigation or administrative proceeding involving the
		Company or any of its Affiliates that relates to events, occurrences
		or conduct occurring (or claimed to have occurred) during the period
		of the Executive’s employment by the Company.  This
		cooperation by the Executive shall include, but not be limited to:
	 

	 
		(i)
	 

	 
		making himself reasonably available for interviews and
		discussions with the Company’s counsel as well as for
		depositions and trial testimony;
	 

	 
		
 

	 

	 
		18
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(ii)
	 

	 
		if depositions or trial testimony are to occur, making himself
		reasonably available and cooperating in the preparation therefor as
		and to the extent that the Company, any of its Affiliates or the
		Company’s counsel reasonably requests;
	 

	 
		(iii)
	 

	 
		refraining from impeding in any way the Company’s or any
		of its Affiliates’ prosecution or defense of such litigation or
		administrative proceeding; and
	 

	 
		(iv)
	 

	 
		cooperating fully in the development and presentation of the
		Company’s or any of its Affiliates’ prosecution or defense
		of such litigation or administrative proceeding.
	 

	 
		(b)
	 

	 
		In addition to Executive’s obligations under this Section
		18, during the Non-Compete Period, Executive shall make himself
		available for consultation with and advice to the Company at times
		and for periods of time which are mutually agreeable to the Company
		and Executive.
	 

	 
		19.
	 

	 
		Compliance with IRC Section 409A.  Notwithstanding
		anything herein to the contrary, (i) if at the time of
		Executive’s termination of employment, Executive is a
		“specified employee” as defined in Section 409A of the Code
		and the deferral of the commencement of any payments or benefits
		otherwise payable hereunder as a result of such termination of
		employment is necessary in order to prevent any accelerated or
		additional tax under Section 409A of the Code, then the Company will
		defer the commencement of the payment of any such amounts or benefits
		hereunder (without any reduction in such payments or benefits
		ultimately paid or provided to Executive) until the date that is six
		months following Executive’s termination of employment with the
		Company (or the earliest date as is permitted under Section 409A of
		the Code) and (ii) if any other payments of money or other benefits
		due to Executive hereunder could cause the application of an
		accelerated or additional tax under Section 409A of the Code, such
		payments or other benefits shall be deferred if deferral will make
		such payment or other benefits compliant under Section 409A of the
		Code, or otherwise such payment or other benefits shall be
		restructured, to the extent possible, in a manner, determined by the
		Board, that does not cause such an accelerated or additional tax.
		 The Executive will be considered to have terminated employment
		hereunder for purposes of receiving payments subject to Section 409A
		of the Code only if his termination of employment constitutes a
		“separation from service” within the meaning of Section
		409A of the Code.
	 

	 
		20.
	 

	 
		Successors; Assignability.
	 

	 
		(a)
	 

	 
		By Executive.  Neither this Agreement nor any
		right, duty, obligation or interest hereunder shall be assignable or
		delegable by the Executive without the Company’s prior written
		consent; provided, however, that nothing in this subsection shall
		preclude the Executive from designating any of his beneficiaries to
		receive any benefits payable hereunder upon his death, or the
		executors, administrators, or other legal representatives, from
		assigning any rights hereunder to the person or persons entitled
		thereto.
	 

	 
		(b)
	 

	 
		By the Company.  The Company will require any
		successor (whether direct or indirect, by purchase, merger,
		consolidation or otherwise) to all or substantially all of the
		business and/or assets of the Company to expressly assume and agree
		to perform this
	 

	 
		
 

	 

	 
		19
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		Agreement in the same manner and to the same extent that the
		Company would be required to perform it if no such succession had
		taken place.  Failure of the Company to obtain such assumption
		and agreement prior to the effectiveness of any such succession shall
		be a breach of this Agreement and shall entitle the Executive to
		compensation from the Company in the same amount and on the same
		terms as the Executive would be entitled to hereunder if the
		Executive had terminated his employment for Good Reason subsequent to
		the Effective Date and during the Term, except that for purposes of
		implementing the foregoing, the date on which any such succession
		becomes effective shall be deemed the Termination Date.
	 

	 
		21.
	 

	 
		Employment Rights.  Nothing expressed or implied in
		this Agreement shall create any right or duty on the part of the
		Company or any of its Affiliates or the Executive to have the
		Executive remain in the employment of the Company or any of its
		Affiliates at any time prior to a Change of Control (as defined in
		the Company’s Change of Control Severance Pay Plan); provided,
		however, that any termination of employment of the Executive or the
		removal of the Executive from the office or position in the Company
		following the commencement of any discussion with a third person that
		ultimately results in a Change of Control shall be deemed to be a
		Termination of the Executive after a Change of Control for purposes
		of this Agreement.  Executive expressly acknowledges that he is
		an employee at will, and that the Company may terminate him at any
		time during the Term for any reason if the Company makes the payments
		and provides the benefits provided for under Section 5 of this
		Agreement, and otherwise complies with its other continuing covenants
		in this Agreement, including without limitation, Section 4.
	 

	 
		22.
	 

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

	 
		23.
	 

	 
		Severability.  If the final determination of a
		court of competent jurisdiction declares, after the expiration of the
		time within which judicial review (if permitted) of such
		determination may be perfected, that any term or provision hereof is
		invalid or unenforceable, (a) the remaining terms and provisions
		hereof shall be unimpaired and (b) the invalid or unenforceable term
		or provision shall be replaced by a term or provision that is
		mutually agreeable to the parties hereto and is valid and enforceable
		and that comes closest to expressing the intention of the invalid or
		unenforceable term or provision.  Notwithstanding the foregoing,
		the invalidity or unenforceability of any provision of this Agreement
		shall not affect the validity or enforceability of any other
		provision of this Agreement which shall nevertheless remain in full
		force and effect
	 

	 
		24.
	 

	 
		Amendment; Waiver.  This Agreement may not be
		modified, amended or waived in any manner except by an instrument in
		writing signed by both parties hereto.  The waiver by either
		party of compliance with any provision of this Agreement by the other
		party shall not operate or be construed as a waiver of any other
		provision of this Agreement, or of any subsequent breach by such
		party of a provision of this Agreement.
	 

	 
		25.
	 

	 
		Governing Law.  All matters affecting this
		Agreement, including the validity thereof, are to be governed by,
		interpreted and construed in accordance with the substantive laws of
		the State of Michigan, without giving effect to the principles of
		conflict of laws of such State.
	 

	 
		
 

	 

	 
		20
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		26.
	 

	 
		Notices.  Any notice hereunder by either party to
		the other shall be given in writing by personal delivery or certified
		mail, return receipt requested.  If addressed to Executive, the
		notice shall be delivered or mailed to Executive at his principal
		residence, 5421 Burnt Hickory Drive, Valrico, Florida 33594, or to
		such other address as Executive shall give notice in writing in
		accordance herewith.  If addressed to the Company, the notice
		shall be delivered or mailed to the Company at its executive offices
		at Cooper-Standard Automotive Inc., 39550 Orchard Hill Place Drive,
		Novi, MI 48375 (Phone: +248-596-5900) to the attention of the Board.
		 A notice shall be deemed given, if by personal delivery, on the
		date of such delivery or, if by certified mail, on the date shown on
		the applicable return receipt.
	 

	 
		27.
	 

	 
		Previous Agreements.  No agreements or
		representations, oral or otherwise, express or implied, with respect
		to the subject matter hereof have been made by either party which are
		not expressly set forth in this Agreement, and this Agreement
		supercedes all prior agreements and understandings (including verbal
		agreements) between Executive and the Company and/or any of its
		Affiliates regarding the terms and conditions of Executive’s
		employment with the Company and/or any of its Affiliates including,
		without limitation, the term sheet attached to the letter agreement
		dated September 16, 2004 between among The Cypress Croup L.L.C., GS
		Capital Partners 2000, L.P. and Executive; provided, however, that
		this Agreement shall not supersede or in any way limit the rights,
		duties or obligations of the Executive or the Company under the
		Plans, except that payments pursuant to Section 5(a) shall be in lieu
		of any other cash severance pay provided by the Company.
	 

	 
		28.
	 

	 
		Counterparts.  This Agreement may be executed by
		either of the parties hereto in counterpart, each of which shall be
		deemed to be an original, but all such counterparts shall together
		constitute one and the same instrument.
	 

	 
		29.
	 

	 
		Headings.  The headings of sections herein are
		included solely for convenience of reference and shall not control
		the meaning or interpretation of any of the provisions of this
		Agreement.
	 

	 
		
 

	 

	 
		21
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		

	 

	 
		IN WITNESS WHEREOF, the Company has caused the Agreement to be
		signed by its officers pursuant to the authority of its Board, and
		Executive has executed this Agreement, as of the day and year first
		written above.
	 

	 
		COOPER-STANDARD AUTOMOTIVE INC.     
	 

	 
		EXECUTIVE
	 

	 
		

	 

	 
		

	 

	 
		By:
	 

	 
		        /s/ Allen J.
		Campbell                

	 

	 
	 

	 
		        /s/ James S.
		McElya
		                

	 

	 
		       Allen J. Campbell
	 

	 
		James S. McElya
	 

	 
		Title:  Vice President and Chief Financial Officer
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		
 

	 

	 
		22
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		

	 

	 
		ANNEX A
	 

	 
		Form of Release
	 

	 
		WHEREAS, there has been a Termination (as such term is defined
		in the Amended and Restated Employment Agreement (the
		“Agreement”) made and entered into on December 23,
		2004 between the undersigned (the “Executive”) and
		Cooper-Standard Automotive Inc.
		(“Cooper-Standard”)), of the Executive’s
		employment from Cooper-Standard; and
	 

	 
		WHEREAS, the Executive is required to sign this Release in
		order to receive the severance benefits as described in Section 5,
		Section 10 and Section 12 of the Agreement.
	 

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

	 
		1.
	 

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

	 
		2.
	 

	 
		In consideration of the payments to be made and the benefits to
		be received by the Executive pursuant to Section 5, Section 10 and
		Section 12 of the Agreement, which the Executive acknowledges are in
		addition to payments and benefits which the Executive would be
		entitled to receive absent the Agreement, the Executive, for himself
		and his dependents, successors, assigns, heirs, executors and
		administrators (and his and their legal representatives of every
		kind), hereby releases, dismisses, remises and forever discharges its
		predecessors, parents, subsidiaries, divisions, related or affiliated
		companies, officers, directors, stockholders, members, employees,
		heirs, successors, assigns, representatives, agents and counsel (the
		“Company”) from any and all arbitrations, claims,
		including claims for attorney’s fees, demands, damages, suits,
		proceedings, actions and/or causes of action of any kind and every
		description, whether known or unknown, which Executive now has or may
		have had for, upon, or by reason of any cause whatsoever
		(“claims”), against the Company, including but not
		limited to:
	 

	 
		(a)
	 

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

	 
		(b)
	 

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

	 
		(c)
	 

	 
		any and all claims of wrongful or unjust discharge or breach of
		any contract or promise, express or implied;
	 

	 
		
 

	 

	 
		23
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		provided, however, that the foregoing shall not apply to claims
		to enforce rights that Executive may have as of the date hereof or in
		the future under any of Cooper-Standard’s health, welfare,
		retirement, pension or incentive plans, under any indemnification
		agreement between the Executive and Cooper-Standard, under
		Cooper-Standard’s indemnification by-laws, under the
		directors’ and officers’ liability coverage maintained by
		Cooper-Standard, under the applicable provisions of the Delaware
		General Corporation Law, or that Executive may otherwise have in the
		future under the Agreement or under this Release.
	 

	 
		3.
	 

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

	 
		4.
	 

	 
		Executive further agrees and acknowledges that:
	 

	 
		(a)
	 

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

	 
		(b)
	 

	 
		He has been advised by the Company to consult with legal
		counsel prior to executing this Release, has had an opportunity to
		consult with and to be advised by legal counsel of his choice, fully
		understands the terms of this Release, and enters into this Release
		freely, voluntarily and intending to be bound;
	 

	 
		(c)
	 

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

	 
		(d)
	 

	 
		He may, within 7 days after execution, revoke this Release.
		 Revocation shall be made by delivering a written notice of
		revocation to the General Counsel at Cooper-Standard.  For such
		revocation to be effective, written notice must be actually received
		by the General Counsel at Cooper-Standard no later than the close of
		business on the 7th day after Executive executes this Release.
		 If Executive does exercise his right to revoke this Release,
		all of the terms and conditions of the Release shall be of no force
		and effect and Cooper-Standard shall not have any obligation to make
		further payments or provide benefits to Executive as set forth in
		Section 5, Section 10 and Section 12 of the Agreement.
	 

	 
		5.
	 

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

	 
		6.
	 

	 
		Executive waives and releases any claim that he has or may have
		to reemployment after the Termination Date as defined in the
		Agreement.
	 

	 
		
 

	 

	 
		24
	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

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

	 
		Dated: _________________________
	 

	 
		_______________________________
	 

	 
		James S. McElya
	 

	 
		Executive
	 

	 
		
 

	 

	 
		25Exhibit
		10.29

	  

	 EMPLOYMENT
		AGREEMENT

	  

	 

	 EMPLOYMENT
		AGREEMENT (the “Agreement”)
		dated as of January 1, 2007 by and between COOPER-STANDARD AUTOMOTIVE
		INC. (the “Company”)
		and Michael C. Verwilst (the “Executive”).

	  

	 WHEREAS,
		the Company desires to employ Executive on the terms set forth in
		this Agreement and Executive desires to accept and continue such
		employment with the Company under the terms of this
		Agreement.

	  

	 NOW
		THEREFORE, in consideration of the premises and mutual covenants
		herein and for other good and valuable consideration, the parties
		agree as follows:

	  

	 1.  Term
		of Employment.
		Subject to the provisions of Section 7 of this Agreement, Executive
		shall be employed by the Company for a period commencing on January
		1, 2007 (the “Effective
		Date”)
		and ending on December 31, 2009 (the “Employment
		Term”)
		on the terms and subject to the conditions set forth in this
		Agreement; provided,
		however, that commencing with December 31, 2009 and on each December
		31 thereafter (each an “Extension
		Date”),
		the Employment Term shall be automatically extended for an additional
		one-year period, unless the Company or Executive provides the other
		party hereto 60 days prior written notice before the next Extension
		Date that the Employment Term shall not be so extended.

	  

	 2.  Position.

	  

	 a.  During
		the Employment Term, Executive shall serve as the Company’s Vice
		President, Strategic Planning & Business Development. In such
		positions, Executive shall have such duties and authority as is
		customarily associated with such positions at other privately held
		companies similar to the Company and shall have such duties,
		consistent with Executive’s positions, as may be assigned from
		time to time by the Chief Executive Officer of the Company (the
		“CEO”)
		or the Board of Directors of the Company (the “Board”).

	  

	 b.  During
		the Employment Term, Executive will devote Executive’s full
		business time and best efforts to the performance of Executive’s
		duties hereunder and will not engage in any other business,
		profession or occupation for compensation or otherwise which would
		conflict or interfere with the rendition of such services either
		directly or indirectly, without the prior written consent of the
		Board; provided
		that nothing herein shall preclude Executive, subject to the prior
		approval of the Board, from accepting appointment to or continue to
		serve on any board of directors or trustees of any business
		corporation or any charitable organization; provided
		in each case, and in the aggregate, that such activities do not
		conflict or interfere with the performance of Executive’s duties
		hereunder or conflict with Section 8.

	  

	 3.  Base
		Salary.
		During the Employment Term, the Company shall pay Executive a base
		salary at the annual rate of $300,000, payable in regular
		installments in accordance with the Company’s usual payroll
		practices. Executive shall be entitled to such increases in
		Executive’s base salary, if any, as may be determined from time
		to time by the compensation committee of the Board, based upon the
		recommendation of the CEO. 

	  

	 

	 
	 

	 
	  

	 Executive’s
		annual base salary, as in effect from time to time, is hereinafter
		referred to as the “Base
		Salary.”

	  

	 4.  Bonus
		Incentives.
		During the Employment Term, Executive shall be entitled to
		participate in such annual and/or long-term cash incentive plans and
		programs of the Company as are generally provided to the
		Company’s other senior executives.

	  

	 5.  Employee
		Benefits.
		During the Employment Term, Executive shall be entitled to
		participate in the Company’s employee benefit plans (other than
		annual bonus and long-term incentive programs, which are addressed in
		Section 4) as in effect from time to time (collectively
		“Employee
		Benefits”),
		on the same basis as those benefits are generally made available to
		other senior executives of the Company; provided
		that the Company may reduce such level of benefits to the extent such
		reduction applies to at least half of the senior executives of the
		Company.

	  

	 6.  Business
		Expenses. During
		the Employment Term, reasonable business expenses incurred by
		Executive in the performance of Executive’s duties hereunder
		shall be reimbursed by the Company in accordance with Company
		policies.

	  

	 7.  Termination.
		The Employment Term and Executive’s employment hereunder may be
		terminated by either party at any time and for any reason;
		provided
		that Executive will be required to give the Company at least 60 days
		advance written notice of any resignation of Executive’s
		employment. Notwithstanding any other provision of this Agreement,
		the provisions of this Section 7 shall exclusively govern
		Executive’s rights upon termination of employment with the
		Company and its affiliates.

	  

	 a.  By
		the Company For Cause or By Executive’s Resignation Without Good
		Reason.

	  

	 (i)  The
		Employment Term and Executive’s employment hereunder may be
		terminated by the Company for Cause (as defined in Section 7(a)(ii)
		and shall terminate automatically upon Executive’s resignation
		without Good Reason (as defined in Section 7(c)); provided that
		Executive will be required to give the Company at least 60 days
		advance written notice of a resignation without Good
		Reason.

	  

	 (ii)  For
		purposes of this Agreement, “Cause”
		shall mean any of: (I) the Executive’s willful failure to
		perform duties or directives which is not cured following written
		notice, (II) the Executive’s commission of a (x) felony or (y)
		crime involving moral turpitude, (III) the Executive’s willful
		malfeasance or misconduct which is demonstrably injurious to the
		Company or its affiliates, or (IV) material breach by the Executive
		of the restrictive covenants, including, without limitation, Sections
		8 and 9 hereof and any non-compete, non-solicitation or
		confidentiality provisions to which the Executive is
		bound.

	  

	 (iii)  If,
		during the Employment Term, Executive’s employment is terminated
		by the Company for Cause or Executive resigns without Good Reason,
		Executive shall be entitled to receive:

	 
		 

		
		  2
		

		

		
		

		
		 

		

	 (A)  the
		Base Salary accrued but not paid through the date of
		termination;

	  

	 (B)  any
		annual and/or long-term bonus earned but unpaid as of the date of
		termination for any previously completed fiscal year or performance
		period;

	  

	 (C)  reimbursement
		for any unreimbursed business expenses properly incurred by Executive
		in accordance with Company policy prior to the date of
		Executive’s termination; and

	  

	 (D)  such
		Employee Benefits, if any, as to which Executive may be entitled
		under the employee benefit plans of the Company (the amounts
		described in clauses (A) through (D) hereof being referred to as the
		“Accrued
		Rights”).

	  

	 Following
		such termination of Executive’s employment by the Company for
		Cause or resignation by Executive without Good Reason, except as set
		forth in this Section 7(a)(iii), Executive shall have no further
		rights to any compensation or any other benefits under this
		Agreement.

	  

	 b.  Disability
		or Death.

	  

	 (i)  The
		Employment Term and Executive’s employment hereunder shall
		terminate upon Executive’s death and may be terminated by the
		Company if Executive becomes physically or mentally incapacitated and
		is therefore unable for a period of six (6) consecutive months or for
		an aggregate of nine (9) months in any twenty-four (24) consecutive
		month period to perform Executive’s duties (such incapacity is
		hereinafter referred to as “Disability”).
		Any question as to the existence of the Disability of Executive as to
		which Executive and the Company cannot agree shall be determined in
		writing by a qualified independent physician mutually acceptable to
		Executive and the Company. If Executive and the Company cannot agree
		as to a qualified independent physician, each shall appoint such a
		physician and those two physicians shall select a third who shall
		make such determination in writing. The determination of Disability
		made in writing to the Company and Executive shall be final and
		conclusive for all purposes of the Agreement.

	  

	 (ii)  Upon
		termination of Executive’s employment hereunder during the
		Employment Term for either Disability or death, Executive,
		Executive’s estate or Executive’s beneficiaries under the
		terms of any benefit plan (as the case may be) shall be entitled to
		receive:

	  

	 (A)  the
		Accrued Rights; and

	  

	 (B)  a
		pro rata portion of any Annual Bonus, if any, that Executive would
		have been entitled to receive pursuant to Section 4 hereof in such
		year based upon the percentage of the fiscal year that shall have
		elapsed through the date of Executive’s termination of
		employment, payable when such Annual Bonus would have otherwise been
		payable had Executive’s employment not terminated.

	 
		 

		
		  3
		

		

		
		

		
		 

		

	 Following
		Executive’s termination of employment due to death or
		Disability, except as set forth in this Section 7(b)(ii), Executive
		shall have no further rights to any compensation or any other
		benefits under this Agreement.

	  

	 c.  By
		the Company Without Cause or Resignation by Executive for Good
		Reason.

	  

	 (i)  The
		Employment Term and Executive’s employment hereunder may be
		terminated by the Company without Cause or by Executive’s
		resignation for Good Reason.

	  

	 (ii)  For
		purposes of this Agreement,

	  

	 (A)  “Good
		Reason”
		shall mean any of: (i) a substantial diminution in Executive’s
		position or duties; adverse change in reporting lines; or assignment
		of duties materially inconsistent with Executive’s position;
		(ii) any reduction in Executive’s Base Salary or Annual Bonus
		opportunity; (iii) any reduction in Executive’s long-term cash
		incentive compensation opportunities, other than reductions generally
		affecting other senior executives participating in the applicable
		long-term incentive compensation programs or arrangements; (iv) the
		failure of the Company to pay Executive any compensation or benefits
		when due hereunder; (v) relocation of Executive’s principal
		place of work in excess of fifty (50) miles from Executive’s
		current principal place of work; or (vi) any material breach by the
		Company of the terms of the Agreement; provided
		that none of the events described in this Section 7(c)(ii)(A) shall
		constitute Good Reason unless the Company fails to cure such event
		within 10 calendar days after receipt from Executive of written
		notice of the event which constitutes Good Reason.

	  

	 (B)  “Change
		of Control”
		shall mean the occurrence of any of the following events after the
		Effective Date: (i) the sale or disposition, in one or a series of
		related transactions, of all or substantially all of the assets of
		Cooper-Standard Holdings Inc. (“CSA”)
		to any “person” or “group” (as such terms are
		defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other
		than Permitted Holders or (ii) any person or group, other than
		Permitted Holders, is or becomes the “beneficial owner” (as
		defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or
		indirectly, of greater than or equal to 50% of the total voting power
		of the voting stock of CSA, including by way of merger, consolidation
		or otherwise, except where one or more of Cypress Merchant Banking
		Partners II L.P., Cypress Merchant Banking II C.V., 55th
		Street Partners II L.P., Cypress Side-By-Side LLC, GS Capital
		Partners 2000, L.P., GS Capital Partners 2000 Offshore, L.P., GS
		Capital Partners 2000 GmbH & Co. Beteiligungs KG, GS Capital
		Partners 2000 Employee Fund, L.P. and Goldman Sachs Direct Investment
		Fund 2000, L.P. (collectively, the “Sponsors”)
		and/or their respective affiliates, immediately following such
		merger, consolidation or other transaction, continue to have the
		ability to designate or elect a majority of the Board of Directors of
		CSA (or the board of directors of the resulting entity or its parent
		company). For purposes of this Agreement, “Permitted
		Holder”
		shall mean, as of the date of determination, any and all of (x) an
		employee benefit plan

	  

	 

		
		  4
		

		

		
		

		
		 

		

	  (or
		trust forming a part thereof) maintained by (A) the Company or its
		affiliate or (B) any corporation or other person of which a majority
		of its voting power of its voting equity securities or equity
		interest is owned, directly or indirectly, by the Company or its
		affiliate and (y) the Sponsors and any of their respective
		affiliates. Notwithstanding that a transaction or series of
		transactions does not constitute a Change of Control, with respect to
		Executive it shall be deemed to be a Change of Control for purposes
		of Executive’s entitlement’s hereunder if clause (i),
		above, is satisfied in respect of the business or division in which
		Executive is principally engaged. For the avoidance of doubt, a
		Change of Control pursuant to the immediately preceding sentence
		shall not apply to Executive if his employment is not primarily with
		and for the business or division that is sold.

	  

	 (iii)  If
		during the Employment Term Executive’s employment is terminated
		by the Company without Cause (other than by reason of death or
		Disability) or Executive resigns for Good Reason, Executive shall be
		entitled to receive, subject to Executive’s execution (without
		subsequent revocation) of a release of claims substantially in the
		form of Exhibit A (the “Release”):

	  

	 (A)  Termination
		Prior to a Change of Control.
		If such termination of employment occurs prior
		to
		a Change of Control, then:

	  

	 
		
		  	 	(i)	
				  the
					 Accrued Rights;
 

 
 

	  

	 
		
		  	 	(ii)	
				  a
					 pro rata portion of any Annual Bonus, if any, that Executive would
					 have been entitled to receive pursuant to Section 4 hereof in respect
					 of such year based upon the percentage of the fiscal year that shall
					 have elapsed through the date of Executive’s termination of
					 employment, payable when such Annual Bonus would have otherwise been
					 payable had Executive’s employment not terminated;

				  

 
 

	  

	 
		
		  	 	(iii)	
				  subject
					 to Section 11.k., a single lump sum cash payment within five (5) days
					 following the expiration of such revocation period provided for in
					 the Release equal to one (1) times the sum of Executive’s (i)
					 Base Salary plus (ii) Target Annual Bonus for the year prior to such
					 termination of employment;
 

 
 

	  

	 
		
		  	 	(iv)	
				  subject
					 to Section 11.k., a single lump sum cash payment within five (5) days
					 following the expiration of such revocation period provided for in
					 the Release equal to the actuarial equivalent (determined using all
					 of the same mortality, interest rate and other methods and
					 assumptions as are used from time to time to determine
					 “actuarial equivalence” for lump sum benefits under the
					 applicable Retirement Plan (as defined below)) of the excess of (A)
					 the retirement pension (determined as a straight life annuity
					 commencing at age sixty-five (65) or the first of the month following
					 the Executive’s termination of employment, whichever
					 
 

 
 

	 
		 

		

		  
			 5
		  

		  

		  
		  

		  
		   

		  
 

	 is later) which Executive would have accrued under
		the terms of any tax qualified defined benefit plan or scheme and
		nonqualified supplementary defined benefit plan sponsored by the
		Company in which Executive participates (the “Retirement
		Plans”), determined as if the Executive had accumulated
		(after the date of termination) twelve (12) additional months of
		service credit thereunder and had pensionable compensation equal to
		the pensionable compensation (as determined pursuant to the terms of
		the Retirement Plans) paid to the Executive for the calendar year
		immediately preceding the year in which such termination of
		employment occurs, over (B) the retirement pension (determined as a
		straight life annuity commencing at age sixty-five (65) or the first
		of the month following the Executive’s termination of
		employment, whichever is later) which Executive had then accrued
		pursuant to the provisions of such Retirement Plans; and

	  

	 
		
		  	 	(v)	
				  for
					 twenty-four (24) months following his date of termination, the
					 Company shall arrange to provide Executive with life (for the
					 Executive only, excluding spouse or dependent life insurance) and
					 health insurance benefits on the same basis applicable to active
					 employees of the Company, provided
					 the Executive remits to the Company on a timely basis the monthly
					 active employee premiums owed for such coverage; and provided
					 that if the Company is unable to continue Executive’s life
					 insurance coverage under the Company’s group policy, the Company
					 shall pay for Executive’s conversion policy for such period.
					 Benefits otherwise receivable by Executive pursuant to this
					 Subsection (v) shall become secondary to comparable benefits that are
					 actually received by Executive during the remainder of such period
					 following his termination, and any such benefits actually received by
					 Executive shall be reported to the Company. The continued health
					 insurance benefits hereunder shall count as COBRA continuation
					 coverage.
 

 
 

	  

	 (B)  Termination
		Following a Change of Control.
		If such termination of employment occurs following
		a Change of Control, the Accrued Rights, but without further payments
		or benefits hereunder, however,
		Executive shall be entitled (albeit without duplication of amounts
		payable in respect of the Accrued Rights) to be covered by the
		Company’s Change of Control Severance Pay Plan, substantially in
		the form of Exhibit B (the “Change
		of Control Severance Plan”).

	  

	 Notwithstanding
		the foregoing, the aggregate amounts payable to Executive pursuant to
		this Section 7(c)(iii) shall be reduced by the present value of any
		other cash severance or termination benefits payable to Executive
		under any other plans, programs or arrangements of the Company or its
		affiliates including, without limitation, under the Change of Control
		Severance Plan. Following Executive’s termination of employment
		by the Company without Cause (other than by reason of
		Executive’s death or Disability) or by Executive’s
		

	 
		 

		

		  
			 6
		  

		  

		  
		  

		  
		   

		  
 

	 resignation
		for Good Reason, except as set forth in this Section 7(c), Executive
		shall have no further rights to any compensation or any other
		benefits under this Agreement.

	  

	 d.  Expiration
		of Employment Term.
		In the event either party elects not to extend the Employment Term
		pursuant to Section 1, unless Executive’s employment is earlier
		terminated pursuant to paragraphs (a), (b) or (c) of this Section 7,
		Executive’s termination of employment hereunder shall be deemed
		to occur on the close of business on the day immediately preceding
		the next scheduled Extension Date, and upon such deemed termination
		of Executive’s employment hereunder:

	  

	 (i)  if
		Executive has elected not to extend the Employment Term, Executive
		shall be entitled to receive only the Accrued Rights; or

	  

	 (ii)  if
		the Company has elected not to extend the Employment Term (for other
		than Cause), Executive shall be entitled to receive the amounts and
		considerations provided for in Section 7 c. as if Executive’s
		employment had been terminated by the Company without Cause (other
		than by reason of Executive’s death or Disability) or by
		Executive’s resignation for Good Reason immediately prior to the
		expiration of the Employment Term; provided that: 

	  

	 (A)  the
		amounts and considerations provided for in Section 7 c. shall not be
		paid or begin to be paid until the Executive’s actual separation
		from the Company and its affiliates (within the meaning of Code
		Section 409A); 

	  

	 (B)  if
		the date of Executive’s actual separation from the Company is on
		or after his 65th
		birthday, Executive shall be entitled to receive only the Accrued
		Rights.

	  

	 Following
		such deemed termination of Executive’s employment hereunder as a
		result of either party’s election not to extend the Employment
		Term, except as set forth in this Section 7 d., Executive shall
		have no further rights to any compensation or any other benefits
		under this Agreement.

	  

	 e.  Notice
		of Termination.
		Any purported termination of employment by the Company or by
		Executive (other than due to Executive’s death) shall be
		communicated by written Notice of Termination to the other party
		hereto in accordance with Section 11(h) hereof. For purposes of this
		Agreement, a “Notice
		of Termination”
		shall mean a notice which shall indicate the specific termination
		provision in this Agreement relied upon and shall set forth in
		reasonable detail the facts and circumstances claimed to provide a
		basis for termination of employment under the provision so
		indicated.

	  

	 f.  Board/Committee
		Resignation.
		Upon termination of Executive’s employment for any reason,
		Executive agrees to resign, as of the date of such termination and to
		the extent applicable, from the Board (and any committees thereof)
		and the Board of Directors (and any committees thereof) of any of the
		Company’s affiliates.

	 
		 

		

		  
			 7
		  

		  

		  
		  

		  
		   

		  8.  Non-Competition.

		   

		  
 

	 a.  Executive
		acknowledges and recognizes the highly competitive nature of the
		businesses of the Company and its affiliates and accordingly agrees
		as follows:

	  

	 (i)  During
		the Executive’s employment with the Company and for a period of
		one year following the date Executive ceases to be employed by the
		Company and its affiliates, Executive will not:

	  

	 (A)  engage
		in any Competitive Activity (as defined in Section 8(b));
		or

	  

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

	  

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

	  

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

	  

	 9.  Confidentiality;
		Intellectual Property.

	  

	 a.  Confidentiality.

	  

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

	 

		 

		

		  
			 8
		  

		  

		  
		  

		  
		   

		  
 

	 expenditure
		of time, effort and money and constitutes valuable and unique
		property of the Company and its affiliates.

	  

	 (ii)  The
		Executive will keep in strict confidence, and will not, directly or
		indirectly, at any time, disclose, furnish, disseminate, make
		available, use or suffer to be used in any manner any Confidential
		Information of the Company or its affiliates without limitation as to
		when or how Executive may have acquired such Confidential Information
		(subject to subsection (iv)). Executive specifically
		acknowledges that Confidential Information includes any and all
		information, whether reduced to writing (or in a form from which
		information can be obtained, translated, or derived into reasonably
		usable form), or maintained in the mind or memory of Executive and
		whether compiled or created by the Company or its affiliates, which
		derives independent economic value from not being readily known to or
		ascertainable by proper means by others who can obtain economic value
		from the disclosure or use of such information, that reasonable
		efforts have been put forth by the Company and its affiliates to
		maintain the secrecy of Confidential Information, that such
		Confidential Information is and will remain the sole property of the
		Company and its affiliates, and that any retention (in tangible form)
		or use by Executive of Confidential Information not in the good faith
		performance of his duties in the best interest of the Company or, in
		any case, after the termination of Executive’s employment with
		and services for the Company and its affiliates shall constitute a
		misappropriation of the Company’s Confidential
		Information.

	  

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

	  

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

	  

	 b.  Intellectual
		Property.

	  

	 (i)  If
		Executive has created, invented or contributed to any works of
		authorship, inventions, software, databases, systems or other
		intellectual property, materials, documents or other work product
		(“Works”)
		prior to Executive’s employment, that are relevant to or
		implicated by such employment (“Prior
		Works”),
		Executive hereby agrees not to seek royalties or other compensation
		from the Company, and not to assert any infringement or similar claim
		against the Company, for the Company’s use of such Prior
		Works.

	 
		 

		

		  
			 9
		  

		  

		  
		  

		  
		   

		  
 

	 (ii)  If
		Executive creates, invents or contributes to any Works at any time
		during Executive’s employment and within the scope of such
		employment and/or with the use of any Company resources
		(“Company
		Works”),
		Executive hereby assigns and shall assign all rights and intellectual
		property rights therein to the Company to the extent ownership of any
		such rights does not vest originally in the Company.

	  

	 10.  Specific
		Performance/Survival.
		Executive acknowledges and agrees that the Company’s remedies at
		law for a breach or threatened breach of any of the provisions of
		Section 8 or 9 would be inadequate and the Company would suffer
		irreparable damages as a result of such breach or threatened breach.
		In recognition of this fact, Executive agrees that, in the event of
		such a breach or threatened breach, in addition to any remedies at
		law, the Company, without posting any bond, shall be entitled to
		cease making any payments or providing any benefit otherwise required
		by this Agreement and obtain equitable relief in the form of specific
		performance, temporary restraining order, temporary or permanent
		injunction or any other equitable remedy which may then be available.
		In the event the Company wrongfully ceases making payments and
		providing benefits in accordance with the prior sentence, Executive
		shall be entitled to recover reasonable attorney fees, incurred in
		recovering such payments or benefits. The provisions of Section 8, 9
		and 10 shall survive the termination of this Agreement.

	  

	 11.  Miscellaneous.

	  

	 a.  Governing
		Law.
		This Agreement shall be governed by and construed in accordance with
		the laws of the State of Michigan, without regard to conflicts of
		laws principles thereof.

	  

	 b.  Entire
		Agreement/Amendments.
		This Agreement contains the entire understanding of the parties with
		respect to the employment of Executive by the Company. There are no
		restrictions, agreements, promises, warranties, covenants or
		undertakings between the parties with respect to the subject matter
		herein other than those expressly set forth herein. This Agreement
		may not be altered, modified, or amended except by written instrument
		signed by the parties hereto.

	  

	 c.  No
		Waiver.
		The failure of a party to insist upon strict adherence to any term of
		this Agreement on any occasion shall not be considered a waiver of
		such party’s rights or deprive such party of the right
		thereafter to insist upon strict adherence to that term or any other
		term of this Agreement.

	  

	 d.  Severability.
		In the event that any one or more of the provisions of this Agreement
		shall be or become invalid, illegal or unenforceable in any respect,
		the validity, legality and enforceability of the remaining provisions
		of this Agreement shall not be affected thereby.

	  

	 e.  Assignment.
		This Agreement, and all of Executive’s rights and duties
		hereunder, shall not be assignable or delegable by Executive. Any
		purported assignment or delegation by Executive in violation of the
		foregoing shall be null and void ab
		initio
		and of no force and effect. This Agreement may be assigned by the
		Company to a person or entity which is an affiliate, and shall be
		assigned by the Company to a person or entity which is a successor
		in

	 

		 

		

		  
			 10
		  

		  

		  
		  

		  
		   

		  
 

	 interest
		to substantially all of the business operations of the Company. Upon
		such assignment, the rights and obligations of the Company hereunder
		shall become the rights and obligations of such affiliate or
		successor person or entity.

	  

	 f.  Set
		Off; No Mitigation.
		The Company’s obligation to pay Executive the amounts provided
		and to make the arrangements provided hereunder shall be subject to
		set-off, counterclaim or recoupment of amounts owed by Executive to
		the Company or its affiliates. However, Executive shall not be
		required to mitigate the amount of any payment provided for pursuant
		to this Agreement by seeking other employment or
		otherwise.

	  

	 g.  Successors;
		Binding Agreement.
		This Agreement shall inure to the benefit of and be binding upon
		personal or legal representatives, executors, administrators,
		successors, heirs, distributees, devisees and legatees.

	  

	 h.  Notice.
		For the purpose of this Agreement, notices and all other
		communications provided for in the Agreement shall be in writing and
		shall be deemed to have been duly given when delivered by hand or
		overnight courier or three days after it has been mailed by United
		States registered mail, return receipt requested, postage prepaid,
		addressed to the respective addresses set forth below in this
		Agreement, or to such other address as either party may have
		furnished to the other in writing in accordance herewith, except that
		notice of change of address shall be effective only upon
		receipt.

	  

	 If
		to the Company:

	  

	 Cooper-Standard
		Automotive Inc.

	 39550
		Orchard Hill Place Drive 

	 Novi,
		MI 48375

	 Phone:
		248-596-5900

	 Attention:
		Chief Executive Officer

	 

	 If
		to Executive:

	  

	 To
		the most recent address of Executive set forth in the personnel
		records of the Company.

	  

	 i.  Executive
		Representation.
		Executive hereby represents to the Company that the execution and
		delivery of this Agreement by Executive and the Company and the
		performance by Executive of Executive’s duties hereunder shall
		not constitute a breach of, or otherwise contravene, the terms of any
		employment agreement or other agreement or policy to which Executive
		is a party or otherwise bound.

	  

	 j.  Prior
		Agreements.
		This Agreement supercedes all prior agreements and understandings
		(including verbal agreements) between Executive and the Company
		and/or its affiliates regarding the terms and conditions of
		Executive’s employment with the Company and/or its affiliates.
		For the avoidance of doubt, this Agreement shall not supercede the
		Change of Control Severance Plan and any equity-based awards granted
		to the Executive pursuant to the 2004 CSA Acquisition Corp. Stock
		Incentive Plan.

	 
		 

		

		  
			 11
		  

		  

		  
		  

		  
		   

		  
 

	 k.  Compliance
		with IRC Section 409A.
		Notwithstanding anything herein to the contrary, (i) if at the time
		of Executive’s termination of employment with the Company and
		its affiliates, Executive is a “specified employee” as
		defined in Section 409A of the Internal Revenue Code of 1986, as
		amended (the “Code”) and the deferral of the commencement
		of any payments or benefits otherwise payable hereunder as a result
		of such termination of employment is necessary in order to prevent
		any accelerated or additional tax under Section 409A of the Code,
		then the Company will defer the commencement of the payment of any
		such amounts or benefits hereunder (without any reduction in such
		payments or benefits ultimately paid or provided to Executive) until
		the date that is six months following Executive’s termination of
		employment with the Company (or the earliest date as is permitted
		under Section 409A of the Code) and (ii) if any other payments of
		money or other benefits due to Executive hereunder could cause the
		application of an accelerated or additional tax under Section 409A of
		the Code, such payments or other benefits shall be deferred if
		deferral will make such payment or other benefits compliant under
		Section 409A of the Code, or otherwise such payment or other benefits
		shall be restructured, to the extent possible, in a manner,
		determined by the Board, that does not cause such an accelerated or
		additional tax. The Executive will be considered to have terminated
		employment hereunder for purposes of receiving payments subject to
		Code Section 409A only if his termination of employment constitutes a
		“separation from service” within the meaning of Code
		Section 409A.

	  

	 l.  Cooperation.
		Executive shall provide Executive’s reasonable cooperation in
		connection with any action or proceeding (or any appeal from any
		action or proceeding) which relates to events occurring during
		Executive’s employment hereunder. This provision shall survive
		any termination of this Agreement.

	  

	 m.  Withholding
		Taxes.
		The Company may withhold from any amounts payable under this
		Agreement such Federal, state and local taxes as may be required to
		be withheld pursuant to any applicable law or
		regulation.

	  

	 n.  Survival.
		The provisions of Sections 7 d., 8, 9, 10 and 11 of this Agreement
		shall survive any termination of this Agreement or Executive’s
		termination of employment hereunder

	  

	 o.  Counterparts.
		This Agreement may be signed in counterparts, each of which shall be
		an original, with the same effect as if the signatures thereto and
		hereto were upon the same instrument.

	 
		 

		

		  
			 12
		  

		  

		  
		  

		  
		   

		  
 

	 IN
		WITNESS WHEREOF, the parties hereto have duly executed this Agreement
		as of the day and year first above written.

	  

	 
			
				COOPER-STANDARD
				  AUTOMOTIVE INC. 
 	 	
				EXECUTIVE

				
	 	 	 
	
				/s/
				  James S. McElya
 	 	
				/s/
				  Michael C. Verwilst
 
	 	 	 
	
				By:
				  James S. McElya

				Title:
				  Chairman and Chief Executive Officer
 	 	
				Name:
				  Michael C. Verwilst
 

 

	  

	 

		
		  13
		

		

		
		

		
		 

		

	 EXHIBIT
		A

	  

	 COOPER-STANDARD
		AUTOMOTIVE INC.

	 

	 Form
		of Release

	 

	 WHEREAS,
		________________ (the “Executive”)
		employment has been terminated in accordance with Section 7(c) of the
		Employment Agreement dated as of ________________ between
		Cooper-Standard Automotive Inc. (“Cooper”)
		and the Executive (the “Employment
		Agreement”);
		and

	  

	 WHEREAS,
		the Executive is required to sign this Release in order to receive
		the severance and termination benefits described in Section 7(c) of
		the Employment Agreement.

	  

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

	  

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

	  

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

	  

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

	  

	 (b)  any
		and all claims of discrimination, including but not limited to claims
		of discrimination on the basis of sex, race, age, national origin,
		marital status, religion or handicap, including, specifically, but
		without limiting the generality of the foregoing, any claims under
		the Age Discrimination in Employment Act, as amended, Title VII of
		the Civil Rights Act of 1964, as amended, the Americans with
		Disabilities Act, The Elliott-Larsen Civil Rights Act, the Michigan
		Handicappers’ Civil Rights Act, the Michigan Wage Payment Act
		(MCLA Section 408.471), the Polygraph Protection Act of 1981, the
		Michigan Whistleblower’s Protection Act (MCLA Section 15.361),
		the common law of the State of Michigan, and any other applicable
		state statutes and regulations; and 

	 

		 

		

		  
			 14
		  

		  

		  
		  

		  
		   

		  
 

	 provided,
		however
		that the foregoing shall not apply to claims to enforce rights that
		Executive may have as of the date hereof or in the future under any
		of Cooper’s health, welfare, retirement, pension or incentive
		plans, under any indemnification agreement between the Executive and
		Cooper, under Cooper’s indemnification by-laws, under the
		directors’ and officers’ liability coverage maintained by
		Cooper, under the applicable provisions of the Delaware General
		Corporation Law, or that Executive may have in the future under the
		Employment Agreement or under this Release.

	  

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

	  

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

	  

	 4.  Executive
		further agrees and acknowledges that:

	  

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

	  

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

	  

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

	  

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

	  

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

	 
		 

		

		  
			 15
		  

		  

		  
		  

		   
 

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

	  

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

	  

	 
		
		  	
				  Dated:
					 
 	  	 	 
	 	 	 	
				  [Name]

				  Executive

				  

		  
			  
		  

		  
			 16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]