Document:

exv10w17

 

EXHIBIT 10.17

CONFIDENTIAL SEPARATION AGREEMENT

AND GENERAL RELEASE OF CLAIMS

     THIS CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS (“Agreement”) is entered
into by and between Andrew Young (“Employee”) and Shutterfly, Inc. (the “Company”). This
Agreement will become effective on the eighth day after it is signed by Employee (the “Effective
Date”), provided that Employee has not revoked this Agreement (by written notice to Patricia
Schoof, Vice President, Human Resources at the Company) prior to that date.

RECITALS

     A. Employee is employed by the Company as its Chief Marketing Officer pursuant to the terms of
an employment agreement dated July 12, 2001. The Company and Employee have agreed to terminate the
employment relationship.

     B. It is the Company’s desire to provide Employee with certain benefits that he would not
otherwise be entitled to receive upon his termination of employment and to resolve any claims that
he has or may have against the Company.

     Accordingly, in consideration of the terms, conditions and covenants contained herein, the
parties agree as follows:

1. Termination of Employment; Transition Period. Company hereby terminates Employee’s employment
relationship with the Company effective as of the earlier of (a) May 10, 2007, or (b) the date you
are employed by another employer or are engaged to provide consulting services (the “Termination
Date”) subject to the provisions of this paragraph. During the period following the date of this
Agreement and up to the Termination Date (the “Transition Period”), Employee will provide
transition services to the Company as requested by the Company. Such services will generally be
provided on-site at the Company and on a regular, full-time basis pursuant to a transition plan
established by the Company. However, Employee may provide such services from home with the prior
approval of the Company. In the event Employee becomes employed (in any capacity and on any basis)
during the Transition Period, he must notify the Company and the Termination Date will be as of the
date of such notice

2. Payment; Benefits. The Company shall provide Employee with the following benefits after this
Agreement becomes effective:

     (a) A severance payment in the amount of $110,000 which is equal to six (6) months’ pay at
Employee’s final base pay rate, and less applicable withholding taxes and regular deductions,
payable in a lump sum shortly following the Termination Date; and

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     (b) If Employee is covered under the Company’s group health plan as of the Termination Date
and he timely elects to continue his group coverage pursuant to federal/state law (COBRA), the
Company will pay six (6) months of the applicable COBRA premiums as COBRA is provided in accordance
with the terms of the applicable plans and the law beginning on the first of the month following
the Termination Date until the earlier of (i) the date you become employed and covered under
another employer’s group health plan, or (ii) the last day of the six month period described
herein. Thereafter, Employee will be solely responsible for the timely payment of the COBRA
premiums.

Employee understands and acknowledges that as of the Termination Date, he will be paid all wages
and accrued, unused paid time off that Employee earned during his employment with the Company
through the Termination Date. Employee understands and acknowledges that he shall not be entitled
to any payments or benefits from the Company other than those expressly set forth in this paragraph
2.

3. Release.

     In consideration of the compensation and benefit to be paid to Employee pursuant to paragraph
2 above, Employee and his successors and assigns fully release the Company and its related
entities, past and present affiliates, stockholders, investors, directors, officers, employees,
agents, attorneys, insurers, legal successors and assigns (the “Released Parties”) of and from any
and all claims, liabilities, obligations, demands, actions and causes of action, whether now known
or unknown, that Employee now has, or at any other time had, or shall or may have against those
Released Parties based upon or arising out of any matter, cause, fact, thing, act or omission
whatsoever occurring or existing at any time up to and including the Termination Date.

     This release includes specifically but not exclusively and without limiting the generality of
the foregoing, any claims of breach of contract, wrongful termination, retaliation, fraud,
defamation, infliction of emotional distress or national origin, race, age, sex, sexual
orientation, disability or other discrimination or harassment under the Civil Rights Act of 1964,
the Age Discrimination In Employment Act of 1967, as amended, the Older Workers Benefit Protection
Act, the Americans with Disabilities Act, the Fair Employment and Housing Act or any other
applicable law. However, this Release is not intended to bar any claims that, by statute, may not
be waived, such as claims for workers’ compensation benefits, unemployment insurance benefits, and
any challenges to the validity of Employee’s release of claims under the Age Discrimination in
Employment Act of 1967, as amended, as set forth in this Agreement.

     Employee acknowledges that he has read section 1542 of the Civil Code of the State of
California, which states in full:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT

KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE

RELEASE, WHICH IF KNOWN BY HIM MUST HAVE

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MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

Notwithstanding Section 1542, Employee agrees that this Agreement shall act as a release of all
past and future claims that may arise from or related to his employment or termination from
employment with the Company, whether such claims are currently known or unknown, foreseen or
unforeseen, contingent or absolute. Employee intentionally and specifically waives any rights he
may have under the provisions of Section 1542, as well as under any other statutes or common law
principles of similar effect, and assumes full responsibility for any injuries, damages, losses or
liabilities that she may hereafter incur with respect to such claims.

     As additional consideration for the compensation and benefits described in this Agreement,
Employee agrees that he will affirm and extend this Release of Claims for the Transition Period by
re-signing this Agreement in the space at the end of the Agreement on or shortly before the
Termination Date.

4. No Assignment or Transfer. Employee represents and warrants that there has been no assignment
or other transfer of any interest in any claim that he may have against the Company and agrees to
indemnify and hold the Company harmless from any liabilities, claims, demands, damages, costs,
expenses and attorneys’ fees incurred by the Company as a result of any assertion of assignment or
transfer.

5. Review / Rescind Period.

     (a) This Agreement shall not become effective or enforceable until the eighth day after
Employee signs this Agreement. In other words, Employee may revoke Employee’s acceptance of this
Agreement within seven (7) days after the date Employee signs it. Employee’s revocation must be in
writing and received by Patricia School, Vice President, Human Resources at the Company by 5:00
p.m. Pacific Time on the seventh day in order to be effective. If Employee does not revoke
acceptance within the seven (7) day period, Employee’s acceptance of this Agreement shall become
binding and enforceable on the Effective Date. The benefits described above shall become due and
payable in accordance with paragraph 2, provided this Agreement has not been revoked.

     (b) Employee acknowledges and agrees that (i) Employee has read and understands the terms of
this Agreement; (ii) Employee has been advised in writing to consult with an attorney before
executing this Agreement; (iii) that Employee has obtained and considered such legal counsel as
Employee deems necessary; (iv) that Employee has been given up to twenty-one (21) days to consider
whether or not to enter into this Agreement (although Employee may elect not to use the full 21-day
period at Employee’s option); and (v) that by signing this Agreement, Employee acknowledges that
Employee does so freely, knowingly, and voluntarily.

6. Confidentiality.

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     (a) Employee acknowledges and agrees that he shall continue to be bound by and comply with the
terms of any proprietary rights, assignment of inventions and/or confidentiality agreements between
the Company and Employee. On or before the Termination Date, Employee will return to the Company,
in good working condition, all Company property and equipment that is in Employee’s possession or
control, including, but not limited to, any files, records, computers, computer equipment, cell
phones, credit cards, keys, programs, manuals, business plans, financial records, and all documents
(and any copies thereof) that Employee prepared or received in the course of his employment with
the Company.

     (b) Employee agrees that he shall not directly or indirectly disclose any of the terms of this
Agreement to anyone other than his immediate family or counsel, except as such disclosure may be
required for accounting or tax reporting purposes or as otherwise may be required by law. Employee
further agrees that he will not, at any time in the future, make any critical or disparaging
statements about the Company, its products, services or its employees, unless such statements are
made truthfully in response to a subpoena or other legal process. The Company also agrees that it
will not, at any time in the future, make any critical or disparaging statements about the
Employee, unless such statements are made truthfully in response to a subpoena or other legal
process.

7. No Pursuit of or Joinder in Claims. Employee agrees that if he commences, joins in or in any
manner seeks relief through any lawsuit arising out of, based upon, or related to any claim
released hereunder, he shall pay to Company, in addition to any other damages caused to the Company
thereby, all attorneys’ fees incurred by the Company in defending or otherwise responding to such
suit or claim.

8. Nonsolicitation of Employees and Customers. Employee agrees that for a period of one (1) year
following the Termination Date, he will not, either on his own behalf or on behalf of another
person or entity, by using or disclosing the trade secrets or confidential, proprietary, or
business information of Company: (a) directly or indirectly solicit or take away employees,
independent contractors or consultants of Company for the purpose of hiring them; or (b) directly
or indirectly solicit or take away suppliers or customers of Company if the identity of the
supplier or customer, or information about the supplier or customer relationship, is a trade secret
or is otherwise deemed confidential information within the meaning of applicable law.
Notwithstanding the foregoing, nothing prevents Employee from soliciting business from any supplier
or customer of Company that is unrelated to the business conducted by Company.

9. Attorney’s Fees. In the event of any legal action relating to or arising out of this Agreement,
the prevailing party shall be entitled to recover from the losing party its attorneys’ fees and
costs incurred in that action.

10. No Admission of Liability. Employee and the Company understand and acknowledge that this
Agreement constitutes a compromise and settlement of disputed claims. No action taken by the
parties hereto, or either of them, either previously or in

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connection with this Agreement, shall be deemed or construed to be (a) an admission of truth or
falsity of any claims heretofore made or (b) an acknowledgement or admission by either Party of any
fault or liability whatsoever to the other party or to any third party.

11. Consult with Attorney. Each party represents that it has been advised of its right to consult
with an attorney and to seek legal representation of its choosing in the execution of this
Agreement, and has carefully read and understands the scope and effect of the provisions of this
Agreement. Neither party has relied upon any representations or statements made by the other party
hereto which are not specifically set forth in this Agreement.

12. Miscellaneous. This Agreement constitutes the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior negotiations and agreements, whether
written or oral, with the exception of any stock option agreements between the parties and any
agreements described in paragraph 5(a). This Agreement may be modified or amended only with the
written consent of Employee and an authorized officer of the Company, provided, however, that the
Company may amend or modify this Agreement in order to comply with the provisions of Section 409A
of the Internal Revenue Code, to the extent applicable. No oral waiver, amendment or modification
will be effective under any circumstances whatsoever.

EMPLOYEE UNDERSTANDS THAT HE SHOULD CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS AGREEMENT AND
THAT HE IS GIVING UP ANY LEGAL CLAIMS HE HAS AGAINST THE PARTIES RELEASED ABOVE BY SIGNING THIS
AGREEMENT. EMPLOYEE ACKNOWLEDGES THAT HE IS SIGNING THIS AGREEMENT KNOWINGLY, WILLINGLY AND
VOLUNTARILY IN EXCHANGE FOR THE BENEFITS DESCRIBED IN PARAGRAPH 2.

	 	 	 	 	 
	 
	 	 	 	 
	Dated: January 19, 2007
	 	/s/ Andrew Young	 	 
	 	 	 
	 	 	Andrew Young
	 
	 	 	 	 
	 	 	SHUTTERFLY, INC.
	 
	 	 	 	 
	Dated: January                     , 2007

	 	By:	 	/s/ Jeff Housenbold
	 

	 	 	 	 
	 

	 	 	 	Jeff Housenbold

President & CEO

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By re-signing this Agreement on or shortly before the Termination Date, Employee hereby extends the
Release of Claims set forth in paragraph 3 above to include any claims arising through and
including the Termination Date.

	 	 	 
	Dated:                                                            , 2007
	 	 
	 

	 	 
	 

	 	Andrew Young

6EX-10(J)

 

Exhibit 10-J

NON-COMPETITION AND SEVERANCE AGREEMENT

between

DANA CORPORATION

and

PAUL MILLER

dated May 3, 2004

 

 

          THIS NON-COMPETITION AND SEVERANCE AGREEMENT (the “Agreement”), dated as of May 3, 2004,
by and between, Dana Corporation, a Virginia corporation, whose principal place of business is
located at 4500 Dorr Street, Toledo, Ohio (the “Corporation”), and Paul E. Miller (the
“Executive”);

          WHEREAS, the Corporation has offered to employ the Executive as its Vice President of
Purchasing and the Executive has accepted such offer of employment;

          WHEREAS, the Executive desires to be employed by the Corporation, and to forego opportunities
elsewhere during his period of employment;

          WHEREAS, the Corporation’s offer of employment requires the Executive to be subject to its
customary non-competition, non-disparagement and confidentiality covenants and also provides for
certain severance benefits to be payable under certain circumstances, as more fully set forth
herein; and

          WHEREAS, the parties intend for this Agreement to operate until terminated in accordance with
the terms hereof as more fully set forth herein.

          NOW, THEREFORE, IN CONSIDERATION of the mutual promises, covenants and agreements set forth
below, it is hereby agreed as follows:

1. Definitions. All defined terms in this Agreement shall have the meanings set forth
below:

	 	(a)	 	“Agreement” shall mean this Non-Competition and Severance Agreement.
	 
	 	(b)	 	“Board” shall mean the Board of Directors of the Corporation.
	 
	 	(c)	 	“Cause” shall mean (i) termination of employment as the result of the
Executive’s conviction of, or plea of guilty or nolo contendere to, the charge of
having committed a felony (whether or not such conviction is later reversed for any
reason); or (ii) failure by the Executive to devote his full time and undivided
attention during normal business hours to the business and affairs of the Corporation
or one of its subsidiaries except for reasonable vacations and except for illness or
incapacity; but nothing herein shall preclude the Executive from devoting reasonable
periods required for (A) serving as director or member of a committee of any
organization involving no conflict of interest with the interests of the Corporation
or its subsidiaries; (B) delivering lectures, fulfilling speaking engagements,
teaching at educational institutions; (C) engaging in charitable and community
activities and (D) managing his personal investments, so long as such activities do
not materially interfere with the regular performance of his duties and
responsibilities to the Corporation or its subsidiaries; or (iii) disclosure by the
Executive at any time, to any person not employed by the Corporation or one of its
subsidiaries, or not engaged to render services to the Corporation or one of its
subsidiaries, except with the prior written

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	 	 	 	consent of an officer authorized to act in the matter by the Board, of any
confidential information of the Corporation, its subsidiaries and affiliates
obtained by him while in the employ of the Corporation, including, without
limitation, information related to any of the Corporation’s inventions, processes,
formulae, plans, devices, compilations of information, methods of distribution,
customers, suppliers, client relationships, marketing strategies or trade secrets;
provided, however, that this provision shall not preclude the Executive from use or
disclosure of information known generally to the public or of information not
considered confidential by persons engaged in the business conducted by the
Corporation or from disclosure required by law, regulation or court order; (iv)
the willful engaging by the Executive in misconduct that is injurious to the
Corporation or its subsidiaries, monetarily or otherwise; or (v) negligence or
incompetence on the part of the Executive in the performance of his assigned
duties.
	 
	 	(d)	 	“Competition” shall have the meaning set forth in Section 2(b).
	 
	 	(e)	 	“Corporation” mean Dana Corporation.
	 
	 	(f)	 	“Date of Termination” shall mean the date on which the Executive elects to
retire, voluntarily resigns, dies or is released from employment by the Corporation.
	 
	 	(g)	 	“Employment Period” shall have the meaning set forth in Section 2(a).
	 
	 	(h)	 	“Executive” shall mean Paul E. Miller.
	 
	 	(i)	 	“Non-competition Period” shall mean (i) upon the Executive’s termination of
employment with the Corporation or any of its subsidiaries or affiliates for any
reason on or before May 3, 2006, the twenty four (24) month period following such
termination of employment, or (ii) upon the Executive’s termination of employment with
the Corporation or any of its subsidiaries or affiliates for any reason after May 3,
2006, the twelve (12) month period following such termination of employment.

2. Non-Competition.

     (a) The Executive agrees that he will not engage in Competition at any time (i) during his
employment by the Corporation or any of its subsidiaries or affiliates (the “Employment Period”) or
(ii) during the Non-competition Period. In addition, during the Non-competition Period, the
Executive agrees that he will not make or publish any statement which is, or may reasonably be
considered to be, disparaging of the Corporation or any of its subsidiaries or affiliates, or
directors, officers, employees or the operations or products of the Corporation or any of its
subsidiaries or affiliates.

     (b) The word “Competition” for the purposes of this Agreement shall mean:

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	 	(i)	 	taking a management position with or control of a business
engaged in the design, development, manufacture, marketing or distribution of
products, which constituted 15% or more of the sales of the Corporation and
its subsidiaries and affiliates during the last fiscal year of the Corporation
preceding the termination of the Executive’s employment, in any geographical
area in which the Corporation, its subsidiaries or affiliates is at the time
engaging in the design, development, manufacture, marketing or distribution of
such products; provided, however, that in no event shall
ownership of less than 5% of the outstanding capital stock entitled to vote
for the election of directors of a corporation with a class of equity
securities held of record by more than 500 persons, standing alone, be deemed
Competition with the Corporation within the meaning of this Section 2;
	 
	 	(ii)	 	soliciting any person who is a customer of the businesses
conducted by the Corporation and its subsidiaries and affiliates, or any
business in which the Executive has been engaged on behalf of the Corporation
and its subsidiaries or affiliates at any time during the Employment Period on
behalf of a business described in clause (i) of this Section 2(b); or
	 
	 	(iii)	 	inducing or attempting to persuade any employee of the
Corporation or any of its subsidiaries or affiliates to terminate his
employment relationship in order to enter into employment with a business
described in clause (i) of this Section 2(b).

     (c) If, at any time, the provisions of this Section 2 shall be determined to be invalid or
unenforceable, by reason of being vague or unreasonable as to area, duration or scope, the
provisions of this Section 2 shall be divisible and shall become immediately amended to cover only
such area, duration or scope as shall be determined to be reasonable and enforceable by the court
or other body having jurisdiction over the matter; and the Executive agrees that Section 2 as so
amended shall be valid and binding as though any invalid or unenforceable provision had not been
included herein.

3. Confidential Information.

     (a) The Executive agrees not to disclose, either while in the Corporation’s employ or at any
time thereafter, to any person not employed by the Corporation or one of its subsidiaries, or not
engaged to render services to the Corporation or one of its subsidiaries, except with the prior
written consent of an officer authorized to act in the matter by the Board, any confidential
information of the Corporation, its subsidiaries and affiliates obtained by him while in the employ
of the Corporation, including, without limitation, information relating to any of the Corporation’s
inventions, processes, formulae, plans, devices, compilations of information, methods of
distribution, customers, suppliers, client relationships, marketing strategies or trade secrets;
provided, however, that this provision shall not preclude the Executive from use or
disclosure of information

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known generally to the public or of information not considered confidential by persons engaged
in the business conducted by the Corporation or from disclosure required by law or court order.
The agreement herein made in this Section 3(a) shall be in addition to, and not in limitation or
derogation of, any obligations otherwise imposed by law upon the Executive in respect of
confidential information and trade secrets of the Corporation, its subsidiaries and affiliates.

     (b) The Executive also agrees that upon leaving the Corporation’s employ he will not take with
him, without the prior written consent of an officer authorized to act in the matter by the Board,
and he will surrender to the Corporation any record, list, drawing, blueprint, specification or
other document or property of the Corporation, its subsidiaries and affiliates, together with any
copy and reproduction thereof, mechanical or otherwise, which is of a confidential nature relating
to the Corporation, its subsidiaries and affiliates, or, without limitation, relating to its or
their methods of distribution, client relationships, marketing strategies or any description of any
formulae or secret processes, or which was obtained by him or entrusted to him during the course of
his employment with the Corporation.

4. Covenants Reasonable. The Executive hereby acknowledges that the business of the
Corporation is highly competitive. The Executive further acknowledges that his service to the
Corporation will be of a special and unique character, and that he will be identified personally
with the Corporation. The Executive also acknowledges that his employment with the Corporation
will require that he have access to some of the Corporation’s most highly confidential business
information, trade secrets and proprietary information. The parties therefore acknowledge that the
restrictions contained in Sections 2 and 3 hereof are a reasonable and necessary protection of the
immediate interests of the Corporation, and any violation of these restrictions would cause
substantial injury to the Corporation and that the Corporation would not have entered into this
Agreement and the employment relationship with the Executive without receiving the additional
consideration offered by the Executive in binding himself to any of these restrictions.

5. Severance.

     (a) If at any time on or before May 3, 2006, the Executive’s employment with the Corporation
or any of its subsidiaries or affiliates is terminated by the Corporation or any of its
subsidiaries or affiliates without Cause, then the Corporation shall pay to the Executive, (i) a
pro-rata portion of the Executive’s target annual bonus for the fiscal year in which the Date of
Termination occurs (based on the portion of the performance period that has elapsed prior to the
date of such termination and assumed achievement at the target level of performance); (ii) any
accrued but unpaid amounts of the Executive’s salary and vacation pay and previously deferred
salary; and (iii) for a period of twenty four (24) months, a monthly payment equal to one-twelfth
(1/12) the sum of the Executive’s annual base salary immediately prior to the Date of Termination
and the Executive’s target annual bonus for the fiscal year in which such termination occurs;
provided, however, that such payments shall be reduced (but not below zero) to
reflect any other amounts payable to the Executive in respect of salary or bonus continuation to be
received by the Executive under

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any severance plan, policy or arrangement of the Corporation. Except to the extent limited by
Section 5(c) below, in the event of such a termination, for the period of twenty four (24) months
following the Date of Termination, the Company shall also provide to the Executive (and, as
applicable, his eligible dependents), (A) continued participation in all welfare benefits under the
welfare plans in which the Executive participated immediately prior to the Date of Termination; and
(B) service credit for vesting purposes under the Supplemental Executive Retirement Plan for Paul
Miller as if the Executive had remained employed during such twenty four (24) month period.

     (b) If at any time after May 3, 2006, the Executive’s employment with the Corporation or any
of its subsidiaries or affiliates is terminated by the Corporation or any of its subsidiaries or
affiliates without Cause, then the Corporation shall pay or provide to the Executive the payments
and benefits specified in Section 5(a) above, provided, however, that the payments
specified in clause (iii) of Section 5(a), and the benefits and service credit specified in the
final sentence of Section 5(a), shall be made during the twelve (12) month period following the
Date of Termination and not for the above referenced twenty-four (24) month period.

     (c) Nothing in this Section 5 shall preclude the Corporation from amending or terminating any
employee benefit plan, policy or practice during the Employment Period. In the event that the
Executive becomes reemployed with another employer and is eligible to receive medical or other
welfare benefits under another employer provided plan, the medical and other welfare benefits
provided pursuant to Section 5(a) or 5(b) above shall be secondary to those provided under such
other plan during such applicable period of eligibility. To the extent that the benefits and
service credit to which the Executive is entitled pursuant to Section 5(a) or 5(b) above are not
permitted by the terms of the Corporation’s plans or by applicable law, the Executive shall be
entitled to substantially equivalent coverage under an alternative arrangement. Further, any
continuation of the Executive’s retirement benefits pursuant to Section 5(a) or 5(b) above shall be
made under non-qualified arrangement and shall be payable from the general assets of the
Corporation.

     (d) Upon the termination of the Executive’s employment with the Corporation or any of its
subsidiaries or affiliates for any reason, all of the Executive’s outstanding equity awards from
the Corporation shall be treated in accordance with the plans and agreements evidencing such awards
and shall remain subject to the terms and conditions contained therein.

     (e) If at any time on or before May 3, 2006, the Executive’s employment with the Corporation
or any of its subsidiaries or affiliates is terminated by the Executive or is terminated by the
Corporation for Cause, then the Corporation shall have no obligation to pay the Executive the
severance payments described in Sections 5(a) or (b) above, but shall pay the Executive any accrued
but unpaid amounts of the Executive’s salary and vacation pay and previously deferred compensation
as well as other benefits accrued by the Executive through the date of termination, to the extent
payable under the terms of the relevant agreements and plans.

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     (f) If at any time on or before May 3, 2006, the Executive’s employment with the Corporation
or any of its subsidiaries or affiliates is terminated by reason of the Executive’s death or
disability, then the Corporation shall have no obligation to pay to the Executive the severance
payments described in Sections 5(a) or (b) above, but shall pay the Executive any accrued but
unpaid amounts of the Executive’s salary and vacation pay and previously deferred compensation as
well as other benefits accrued by the Executive through (I) in the case of death, the end of the
month in which the death occurs, or (II) in the case of disability for the period of such
disability (but not to exceed 6 months), to the extent payable under the terms of the relevant
agreements and plans. For this purpose, disability shall be determined under the definition of
this term in Section 4(a)(2) of the Executive’s Change of Control Agreement.

6. Release. As a condition to the receipt of any benefit under Section 5 hereof, the
Executive shall first execute a release, substantially in the form attached hereto as Exhibit
A, releasing the Corporation, its subsidiaries, affiliates, shareholders, partners, officers,
directors, employees and agents from any and all claims and from any and all causes of action of
any kind or character, including but not limited to all claims or causes of action arising out of
the Executive’s employment with the Corporation or the termination of such employment.

7. Governing Law; Consent to Jurisdiction; Injunctive Relief. This Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the State of Ohio, without
regard to its conflict of laws provisions. The Executive hereby irrevocably submits to the sole
jurisdiction of any Ohio or Federal court sitting in the City of Toledo in any action or proceeding
to enforce the provisions of this Agreement, and waives the defense of inconvenient forum to the
maintenance of any such action or proceeding. In the event of a breach or threatened breach by the
Executive of any of these restrictions, the Corporation shall be entitled to apply to any court of
competent jurisdiction for an injunction restraining the Executive from such breach or threatened
breach; provided, however, that the right to apply for an injunction shall not be
construed as prohibiting the Corporation from pursuing any other available remedies for such breach
or threatened breach.

8. Notices. Unless otherwise provided herein, any notice, exercise of rights or other
communication required or permitted to be given hereunder shall be in writing and shall be given by
overnight delivery service such as Federal Express, telecopy (or like transmission) or personal
delivery against receipt, or mailed by registered or certified mail (return receipt requested), to
the party to whom it is given at such party’s address set forth below such party’s name on the
signature page or such other address as such party may hereafter specify by notice to the other
party hereto. Any notice or other communication shall be deemed to have been given as of the date
so personally delivered or transmitted by telecopy or like transmission or on the next business day
when sent by overnight delivery service.

9. Amendment. This Agreement may be amended, modified, superseded or canceled, and the
terms and covenants hereof may be waived, only by a written instrument executed by both of the
parties hereto, or in the case of a waiver, by the party waiving compliance.

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The failure of either party at any time or times to require performance of any provision hereof
shall in no manner affect the right at a later time to enforce the same.

10. Binding Effect. This Agreement is not assignable by the Executive. This Agreement
shall be binding upon and inure to the benefit of the Corporation and any successor organizations
which shall succeed to the Corporation by merger or consolidation or operation of law or otherwise,
or by acquisition of all or substantially all of the assets of the Corporation.

11. Severability. If any provision of this Agreement shall for any reason be held invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
hereof shall not be affected or impaired thereby and such remaining provisions of this Agreement
shall remain in full force and effect. Moreover, if any one or more of the provisions of this
Agreement shall be held to be excessively broad as to duration, activity or subject, such
provisions shall be construed by limiting and reducing them so as to be enforceable to the maximum
extent allowable by applicable law.

12. Execution in Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original and all of which shall constitute one and the same
instrument.

13. Entire Agreement. This Agreement sets forth the entire agreement, and supersedes all
prior agreements and any other agreement between the parties and understandings, both written and
oral, between the parties with respect to the subject matter of this Agreement; provided,
however, that this Agreement shall not affect or supercede the Change of Control Agreement
between Dana Corporation and the Executive, dated May 3, 2003 (the “Change of Control Agreement”),
which shall supercede this Agreement upon the occurrence of a Change of Control as defined in the
Change of Control Agreement.

14. Titles and Headings. Titles and headings to Sections herein are for purposes of
reference only, and shall in no way limit, define or otherwise affect the meaning or interpretation
of any of the provisions of this Agreement.

     IN WITNESS WHEREOF, the undersigned have executed this Non-Competition and Severance Agreement
as of the date first written above.

	 	 	 	 	 
	 	 	 
	 	     /s/ Paul E. Miller
 	 
	 	Name:  	Paul E. Miller 	 
	 	Address:  [Address]

Facsimile: 	 

8

 

	 	 	 	 	 

	 	 	 	 	 
	 	 	DANA CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Michael J. Burns
	 

	 	 	 	 
	 

	 	Name:
	 	Michael J. Burns
	 

	 	Title:
	 	Chairman & CEO
	 

	 	Address:
	 	P O Box 1000, Toledo, OH
	 
	 	 	 	 
	 

	 	Facsimile:	 	 
	 

	 	Attn:	 	 

9

 

Exhibit A

Made as of
                    , 20___ Between

Dana Corporation and Paul E. Miller

RELEASE AGREEMENT

     This Release Agreement (“Release”) is entered into as of this day of  ,
hereinafter “Execution Date”, by and between Paul E. Miller (hereinafter “Executive”), and Dana
Corporation and its successors and assigns (hereinafter, the “Corporation”). The Executive and the
Corporation are sometimes collectively referred to as the “Parties”.

	1.	 	     The Executive’s employment with the Corporation is terminated effective [Month, Day, Year]
(hereinafter “Termination Date”). The Corporation agrees to provide the Executive the
severance benefits provided for in his Non-Competition and Severance Agreement with the
Corporation, dated as of May 3, 2004 (the “Non-Competition Agreement”), after he executes this
Release and the Release becomes effective pursuant to its terms and does not revoke it as
permitted in Section 3 below, the expiration of such revocation period being the “Effective
Date”.
	 
	2.	 	     Executive represents that he has not filed, and will not file, any complaints, lawsuits,
administrative complaints or charges relating to his employment with, or resignation from, the
Corporation; provided, however, that nothing contained in this Section 2 shall
prohibit Executive from bringing a claim to challenge the validity of the ADEA Release in
Section 3 herein. In consideration of the benefits described in Section 1, for himself and his
heirs, administrators, representatives, executors, successors and assigns (collectively,
“Releasers”), Executive agrees to release the Corporation, its subsidiaries, affiliates, and
their respective parents, direct or indirect subsidiaries, divisions, affiliates and related
companies or entities, regardless of its or their form of business organization, any
predecessors, successors, joint ventures, and parents of any such entity, and any and all of
their respective past or present shareholders, partners, directors, officers, employees,
consultants, independent contractors, trustees, administrators, insurers, agents, attorneys,
representatives and fiduciaries, including without limitation all persons acting by, through,
under or in concert with any of them (collectively, the “Released Parties”), from any and all
claims, charges, complaints, causes of action or demands relating to his employment or
termination of employment that Executive and his Releasers now have or have ever had against
the Released Parties, whether known or unknown. This Release specifically excludes claims,
charges, complaints, causes of action or demand that (a) arise after the date of this Release
        , (b) relate to unemployment compensation claims, (c) involve rights to benefits in which
Executive is vested as of the Termination Date under any employee benefit plans and
arrangements of the Corporation, or (d) involve obligations owed to Executive by the
Corporation under the Non-Competition Agreement, subject to the effectiveness of this Release.
	 
	3.	 	     In further recognition of the above, Executive hereby voluntarily and knowingly waives all
rights or claims that he may have against the Released Parties arising under the Age
Discrimination in Employment Act of 1967, as amended (“ADEA”),

10

 

	 	 	other than any such rights or claims that may arise after the date of execution of this
Release. Executive specifically agrees and acknowledges that: (A) the release in this Section 3
was granted in exchange for the receipt of consideration that exceeds the amount to which he
would otherwise be entitled to receive upon termination of his employment; (B) he has hereby
been advised in writing by the Corporation to consult with an attorney prior to executing this
Release; (C) the Corporation has given him a period of up to twenty-one (21) days within which
to consider this Release, which period shall be waived by the Executive’s voluntary execution
prior to the expiration of the twenty-one day period, and he has carefully read and voluntarily
signed this Release with the intent of releasing the Released Parties to the extent set forth
herein; and (D) following his execution of this Release he has seven (7) days in which to
revoke his release as set forth in this Section 3 only and that, if he chooses not to so
revoke, the Release in this Section 3 shall then become effective and enforceable and the
payment listed above shall then be made to him in accordance with the terms of this Release. To
cancel this Release, Executive understands that he must give a written revocation to the
General Counsel of the Corporation at 4500 Dorr Street, Toledo, Ohio 43615, either by hand
delivery or certified mail within the seven-day period. If he rescinds the Release, it will not
become effective or enforceable and he will not be entitled to any benefits from the
Corporation.
	 
	4.	 	     If any provision of this Release is held invalid, the invalidity of such provision shall not
affect any other provisions of this Release. This Release is governed by, and construed and
interpreted in accordance with the laws of the State of Ohio, without regard to principles of
conflicts of law. Executive consents to venue and personal jurisdiction in the State of Ohio
for disputes arising under this Release. This Release represents the entire understanding with
the Parties with respect to subject matter herein, and no other inducements or representations
have been made or relied upon by the Parties. This Release shall be binding upon and inure to
the benefit of Executive, his heirs and legal representatives, and the Corporation and its
successors as provided in this Section 4. Any modification of this Release must be made in
writing and be signed by Executive and the Corporation.

ACCEPTED AND AGREED TO:

                                                                  

Paul E. Miller

Dated:

DANA CORPORATION

By:                                                             

Name:

Title:

Dated:

11

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