Document:

EX-10.13

 Exhibit 10.13 

SUPERIOR INDUSTRIES INTERNATIONAL, INC. 

2018 EQUITY INCENTIVE PLAN 

FORM OF NOTICE OF GRANT AND 

PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT 

You have been granted RSUs (as defined below) in Superior Industries International, Inc. (the “Company”), each of which represents one share of the
Company’s common stock, par value of $0.01 (“Common Shares”), subject to the terms and conditions of the Superior Industries International, Inc. 2018 Equity Incentive Plan (the “Plan”), and this Notice of Grant
and Performance-Based Restricted Stock Unit Agreement (collectively, the “Notice and Agreement”). Unless otherwise defined in the Notice and Agreement, capitalized terms shall have the meanings set forth in the Plan. 

 

					
	Participant:	  	 
	Target Number of Restricted Stock Units Granted (“RSUs”):	  	 
	Grant Date:	  	 
	Vesting Schedule (Period of Restriction):	  	Vesting Date:	  	 Percent of Earned

Shares Vesting

Percentage:

	  	December 31, [year]	  	100%
	Performance Period:	  	January 1, [year] to December 31, [year]
		
	Performance Goals:	  	The RSUs may be earned, if at all, based on the Company’s achievement of the following criteria during the Performance Period:

 Return on Invested Capital (40% of the RSUs may be earned based on achievement of this criteria) 

 

													
	 Performance Level*
	  	Minimum	 	 	Target	 	 	Maximum	 
	 Return on Invested Capital
	  	 	[goal	] 	 	 	[goal	] 	 	 	[goal	] 
	 Percentage of Target Payout
	  	 	50	% 	 	 	100	% 	 	 	200	% 

 “Return on Invested Capital” is equal to the yearly average of,
pre-tax income divided by Invested Capital during the Performance Period. 
 “Invested
Capital” is equal to accounts receivable, inventory, prepaid aluminum, net fixed assets and accounts payable. 
 Cumulative Earnings
per Share (40% of the RSUs may be earned based on achievement of this criteria) 
  

													
	 Performance Level*
	  	Minimum	 	 	Target	 	 	Maximum	 
	 Cumulative Earnings per Share
	  	 	[goal	] 	 	 	[goal	] 	 	 	[goal	] 
	 Percentage of Target Payout
	  	 	50	% 	 	 	100	% 	 	 	200	% 

 “Cumulative Earnings per Share” is equal to the sum of the Net Income divided by the weighted
average Common Shares outstanding for each of the fiscal years in the Performance Period. 
 “Net Income” is equal to the amount of
net income reported on the Company’s consolidated income statement in its Form 10-K for each complete fiscal year in the Performance Period. 

 Relative Total Shareholder Return (20% of the RSUs may be earned based on achievement
of this criteria) 
  

													
	 Performance Level*
	  	Minimum	 	 	Target	 	 	Maximum	 
	 Relative Total Shareholder Return
	  	 	[goal	] 	 	 	[goal	] 	 	 	[goal	] 
	 Percentage of Target Payout
	  	 	50	% 	 	 	100	% 	 	 	200	% 

 “Relative Total Shareholder Return” means the Company’s total stockholder return performance
(i.e., (Ending Stock Price – Beginning Stock Price) divided by Beginning Stock Price), relative to the total stockholder return performance of the Peer Group. 

“Beginning Stock Price” means the opening stock price on the first day of performance period (i.e., January 1, [year]). 

“Ending Stock Price” means the closing stock price on the last day of the performance period (i.e., December 31, [year]), with
all dividends deemed reinvested. 
 “Peer Group” means the following companies: Actuant Corporation, Cooper Tire & Rubber
Company, Dorman Products Inc., Gentex Corporation, Gentherm Inc., LCI Industries, Inc., Meritor Inc., Modine Manufacturing Corp., Park-Ohio Holdings Corp., Shiloh Industries, Inc., SPX FLOW, Inc., Standard Motor Products Inc., Stoneridge Inc., The
Timken Company, Tower International Inc. and Visteon Corporation. Companies which were part of the Peer Group as of the Grant Date but are no longer publicly traded as of the last day of the Performance Period shall be excluded. Companies which were
part of the Peer Group and publicly traded as of the Grant Date but file for bankruptcy prior to the last day of the Performance Period shall be assigned a total stockholder return of -100% for the Performance
Period. 
 * Performance below the Minimum level during the Performance Period results in none of the RSUs granted being earned with respect to the
applicable Performance Goal criteria. Performance above the Maximum level results in no more than the maximum RSUs being earned (i.e., 200%) with respect to the applicable Performance Goal criteria. Performance between the Minimum and Maximum levels
shall be calculated using linear interpolation with respect to the applicable Performance Goal. 
 By signing below, you accept this grant of RSUs and
you hereby represent that you: (i) have reviewed the Plan and the Notice and Agreement, including Exhibit A, in their entirety, and have had an opportunity to obtain the advice of legal counsel and/or your tax advisor with respect thereto;
(ii) agree to the terms and conditions of the Plan and the Notice and Agreement; (iii) fully understand and accept all provisions hereof; (iv) agree to accept as binding, conclusive, and final all of the Administrator’s decisions
regarding, and all interpretations of, the Plan and the Notice and Agreement; and (v) agree to notify the Company upon any change in your notice address indicated below. 

 

			
	AGREED AND ACCEPTED:
		
	Signature:	 	 
		
	Print Name:	 	 
	 Notice
 Address:
	 	 
		
		 	 

  
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 SUPERIOR INDUSTRIES INTERNATIONAL, INC. 

2018 EQUITY INCENTIVE PLAN 

PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT 

1. Grant of Restricted Stock Units. The Company has granted to you the RSUs (as specified in the Notice of Grant on the preceding page (“Notice
of Grant”)), which may be earned, if at all, based on the Company’s achievement of the Performance Goals during the Performance Period and subject to the terms and conditions of the Notice and Agreement (including the vesting
conditions provided in Section 2 of the Notice and Agreement). Each RSU that is earned represents the right to receive one Common Share, subject to the terms of the Plan and the Notice and Agreement. 

2. Period of Restriction and Vesting. During the Period of Restriction specified in the Notice of Grant, the RSUs shall be subject to the restrictions
on transfer specified in Section 4 of the Notice and Agreement. The Period of Restriction shall expire as to the number of RSUs earned and vested in the amount and on the date specified in the Vesting Schedule and per the
Performance Goals in the Notice of Grant (the “Vesting Date”). On the Vesting Date, the applicable Common Shares underlying the earned and vested RSUs, if any, shall be distributed to the Participant as soon as reasonably
practicable, but in no event later than March 15 of the calendar year following the calendar year in which the Vesting Date occurs. Prior to the Vesting Date specified in the Notice of Grant, the RSUs shall be defined in this agreement as
“Unvested RSUs.” 
 3. Forfeiture of Unvested RSUs. Except as otherwise provided in Section 12.1 of the
Plan or in the Participant’s employment agreement, if Participant ceases Continuous Service as an Employee, Consultant or Director for any reason, all Unvested RSUs shall be immediately forfeited. For purposes of clarity, all interests in any
other RSUs that are not earned, based on the Company’s achievement of the Performance Goals during the Performance Period, shall be immediately forfeited upon the expiration of the Performance Period. If the Participant breaches any of the
restrictive covenants contained in Exhibit A, then the Participant shall forfeit any RSUs contemplated under the Notice and Agreement, whether or not vested or unvested and whether or not distributed to the Participant. 

4. Restriction on Transfer. None of the RSUs or any beneficial interest therein shall be transferred, encumbered or otherwise disposed of in any way
until the occurrence of the Vesting Date. In addition, as a condition to any transfer of the Common Shares underlying earned and vested RSUs after the Vesting Date, the Company may, in its discretion, require: (i) that the Common Shares shall
have been duly listed upon any national securities exchange or automated quotation system on which the Common Shares may then be listed or quoted; (ii) that either (a) a registration statement under the Securities Act of 1933, as amended
(“Securities Act”) with respect to the Common Shares shall be effective, or (b) in the opinion of counsel for the Company, the proposed purchase shall be exempt from registration under the Securities Act and the Participant
shall have entered into agreements with the Company as reasonably required; and (iii) fulfillment of any other requirements deemed necessary by counsel for the Company to comply with Applicable Law. 

5. Restrictive Covenants. Notwithstanding anything to the contrary in the Notice and Agreement, to the extent permitted by applicable law, as a
condition precedent to the Company granting you the RSUs, and in order to receive any Shares or other payments pursuant to Section 6, Participant must have complied with the restrictive conditions, as set forth on
Exhibit A attached to the Notice and Agreement, through and including the Vesting Date and any post-employment restrictions that are applicable. For the avoidance of doubt, the restrictive conditions set forth on Exhibit A shall apply
in addition to (and shall not be limited by the provisions of) any other non-competition, non-pooling, non-solicitation,
confidentiality, non-disparagement or similar covenants or conditions to which the Participant is a party with the Company or any Affiliate thereof.

6. Distribution of Common Shares. The Company shall hold the Common Shares underlying the Unvested RSUs until the Vesting Date. When the Vesting Date
occurs, as soon as reasonably practicable, but in no event later than March 15 of the calendar year following the calendar year in which such Vesting Date occurs, the Company shall promptly distribute the applicable Common Shares to the
Participant, if any, subject to the terms of the Plan and the Notice and Agreement. 
 7. Stockholder Rights. If the Company declares a cash dividend
on its Common Shares, then, on the payment date of the dividend, the Participant will be credited with dividend equivalents equal to the amount of cash dividend per share multiplied by the number of potential RSUs credited (and that have not been
distributed to the Participant) to the Participant through the record date. The dollar amount credited to the Participant under the preceding sentence will be credited to an account (“Account”) established for the Participant for
bookkeeping purposes only on the books of the Company. The amounts credited to the Account will be credited as of the last day of each month with interest, compounded monthly, until the amount credited to the Account is paid to the Participant or is
forfeited. The rate of interest credited under the previous sentence will be the prime rate of interest as reported by the Midwest edition of the Wall Street Journal for the second business day of each quarter

  
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on an annual basis. The balance in the Account will be subject to the same terms regarding earning, vesting and forfeiture as the corresponding RSUs awarded under the Notice and Agreement, and
will be paid in cash in a single sum at the time that the Common Shares underlying the Participant’s RSUs are earned, vested and distributed. For purposes of clarity, if the Maximum Performance Goal is achieved, the dividend Account will be
paid at twice the amount of the Account at Target level if only the Threshold Performance Goal is achieved, the dividend Account will be paid at half the amount of the Account at Target level and if the Threshold Performance Goal is not achieved, no
dividends will be paid. The dividend Account for levels of performance in between the foregoing levels of performance will be paid at interpolated amounts as described in the Notice of Grant above. If no RSUs are earned, no amount in the Account
will be paid. If, from time to time prior to the Vesting Date, there is (i) any stock dividend, stock split or other change in the Common Shares, or (ii) any merger or sale of all or substantially all of the assets or other acquisition of
the Company, the number of RSUs (and Common Shares to which they relate) under the Notice and Agreement may be adjusted to reflect such transaction in accordance with the terms of the Plan. 

8. Tax Consequences. The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and foreign tax consequences
of this investment and the transactions contemplated by the Notice and Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its employees or agents. The Participant
understands that only the Participant (and not the Company) shall be responsible for the Participant’s own tax liability that may arise as a result of the transactions contemplated by the Notice and Agreement. 

9. Withholding. No later than the date as of which an amount first becomes includible as income of Participant for any income and/or employment
tax purposes with respect to any RSUs, Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, all federal, state, local and foreign income and/or employment taxes that are required by
Applicable Law to be withheld with respect to such amount. Participant authorizes the Company to withhold from his or her compensation to satisfy any income and/or employment tax withholding obligations in connection with the award. If Participant
is no longer employed by the Company at the time any applicable taxes are due and must be remitted by the Company, Participant agrees to pay applicable taxes to the Company, and the Company may delay distribution of the Common Shares underlying the
RSUs until proper payment of such taxes has been made by Participant. Participant may satisfy such obligations under this Section 9 by any method authorized under the Notice and Agreement and the Plan. 

10. General. 
 (a) The Notice and
Agreement shall be governed by and construed under the laws of the State of Michigan. 
 (b) The Notice and Agreement and the Plan, which is
incorporated herein by reference, represent the entire agreement between the parties with respect to the RSUs granted to the Participant. Except as provided in Section 10(a) of the Notice and Agreement, in which case, the
Notice and Agreement control, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of the Notice and Agreement, the terms and conditions of the Plan shall prevail. 

(c) Any notice, demand or request required or permitted to be delivered by either the Company or the Participant pursuant to the terms of the
Notice and Agreement shall be in writing and shall be deemed given when delivered personally, deposited with an international courier service, or deposited in the U.S. Mail, First Class with postage prepaid, and addressed to (i) the
Participant at the addresses set forth in the Notice of Grant or as the Participant may request by notifying the Company in writing and (ii) the Company at its corporate headquarters to the attention of its Chief Financial Officer. 

(d) The rights of the Company under the Notice and Agreement and the Plan shall be transferable to any one or more persons or entities, and
all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by the Company’s successors and assignees. The rights and obligations of the Participant under the Notice and Agreement may only be assigned with the prior
written consent of the Company. 
 (e) Upon a request by the Company to the Participant, the Participant agrees to execute any further
documents or instruments necessary or desirable to carry out the purposes or intent of the Notice and Agreement. 

  
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 (f) Participant acknowledges and agrees that the RSUs granted and earned pursuant to the
Notice and Agreement may only become vested by providing Continuous Service through the Vesting Date as an Employee, Consultant or Director, and not through the mere act of being hired or appointed to any of the foregoing positions. 

  
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 EXHIBIT A: TO THE NOTICE OF GRANT AND 

PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT 

To the extent permitted by applicable law, as a condition precedent to the Company granting you the RSUs, and in order to receive any Shares
or other payments pursuant to such grant, Participant must have complied with the following restrictive conditions, through and including the Vesting Date and any post-employment restrictions that are applicable. 

1. Nondisclosure and Nonuse of Confidential Information. 

(a) Participant shall not use or disclose to any person, either during Participant’s Continuous Service or thereafter, any Confidential
Information (as defined below) of which Participant is or becomes aware, whether or not such information is developed by him or her, for any reason or purpose whatsoever, nor shall he or she make use of any of the Confidential Information for his or
her own purposes or for the benefit of any person except the Company or its Affiliates, except (i) to the extent that such disclosure or use is directly related to and required by Participant’s performance in good faith of duties assigned
to Participant by the Company or an Affiliate thereof or (ii) to the extent required to do so by a court of competent jurisdiction. Participant will take all appropriate steps to safeguard Confidential Information and to protect it against
disclosure, misuse, espionage, loss and theft. Participant shall deliver to the Company at the termination of Participant’s Continuous Service, or at any time the Company may request, all memoranda, notes, plans, records, reports, computer
tapes and software and other documents and data (and copies thereof) relating to the Confidential Information or the Work Product (as defined below) of the Company or any Affiliate thereof that Participant may then possess or have under his or her
control. 
 (b) “Confidential Information” means information that is not generally known to the public (including the
existence and content of the Notice and Agreement) and that is used, developed or obtained by the Company or any of its Affiliates in connection with its business, including, but not limited to, information, observations and data obtained by
Participant during Participant’s Continuous Service with the Company, an Affiliate or any predecessors thereof (including those obtained prior to the date of the Notice and Agreement) concerning (i) the business or affairs of the Company
or any Affiliate (or such predecessors) and (ii) products, services, fees, costs, pricing structures, analyses, drawings, photographs and reports, computer software (including operating systems, applications and program listings), data bases,
accounting and business methods, inventions, devices, new developments, methods and processes (whether patentable or unpatentable and whether or not reduced to practice), customers and clients and customer and client lists, all technology and trade
secrets, and all similar and related information in whatever form. Notwithstanding the foregoing, “Confidential Information” will not include any information that has been published in a form generally available to the public prior to the
date Participant proposes to disclose or use such information. 
 (c) Participant acknowledges and agrees that the existence, terms and
amount of the Notice and Agreement is confidential in nature. In consideration of the Company granting RSUs to Participant, Participant agrees that the Notice and Agreement (i) will be kept confidential by Participant and (ii) will not,
without the Company’s prior written consent, be disclosed to any employee of the Company or any other person (other than any attorney, accountant, or spouse of a Participant or as required by law). 

(d) For the avoidance of doubt, this Section 1 does not prohibit or restrict the Participant (or the
Participant’s attorney) from responding to any inquiry about the Notice and Agreement or its underlying facts and circumstances by the Securities and Exchange Commission, the Financial Industry Regulatory Authority, any other self-regulatory
organization or governmental entity, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. The Participant understands and acknowledges that he or she does not need the prior authorization of
the Company or an Affiliate thereof to make any such reports or disclosures and that he or she is not required to notify the Company that he has made such reports or disclosures. 

(e) Notwithstanding anything in this Section 1 or elsewhere in the Notice and Agreement to the contrary, the
Participant understands that he or she may, pursuant to the U.S. Defend Trade Secrets Act of 2016 (“DTSA”), without informing the Company prior to any such disclosure, disclose Confidential Information (A) in confidence to a
federal, state, or local government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law or (B) in a complaint or other document filed in a lawsuit or
other proceeding, if such filing is made under seal. Additionally, without informing the Company prior to any such disclosure, if the Participant files a lawsuit against the Company for retaliation for reporting a suspected violation of law, the
Participant may, pursuant to the DTSA, disclose Confidential Information to his or her attorney and use the Confidential Information in the court proceeding or arbitration, provided that the Participant files any document containing the Confidential
Information under seal and does not otherwise 

  
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disclose the Confidential Information, except pursuant to court order. Without prior authorization of the Company, however, the Company does not authorize the Participant to disclose to any third
party (including any government official or any attorney the Participant may retain) any communications that are covered by the Company’s attorney-client privilege. 

2. Covenants Not to Compete or Solicit.  

(a) Non-Competition. During Participant’s Continuous Service and ending twelve
(12) full months after the effective date of the termination of such Continuous Service (the “Restricted Period”), Participant shall not engage and shall cause his or her affiliates not to engage, directly or indirectly, either
as principal, agent, consultant, proprietor, creditor, stockholder, director, officer or employee, or participate in the ownership, management, operation or control of any other business engaged in the Subject Business (as defined below) anywhere
within the Restricted Territory (a “Prohibited Business”) except with the Company’s prior written consent (which may be withheld in the Company’s sole discretion). For purposes of the Notice and Agreement, “Subject
Business” means the principal business conducted or actively contemplated by the Company or a Subsidiary thereof, as of the effective date of the termination of Participant’s Continuous Service with the Company or a Subsidiary thereof.
For purposes of the Notice and Agreement, “Restricted Territory” means the territory described on Exhibit B attached hereto. Nothing herein shall prohibit Participant from being a passive owner of not more than one percent
(1.0%) of the outstanding stock of any class of any corporation, which is publicly traded. 
 (b)
Non-Solicitation. During the Restricted Period, Participant shall not and shall cause his or her affiliates not to directly or indirectly through another person (i) induce any employee of the
Company or any of its Affiliates to leave the employ of the Company or any of its Affiliates, as applicable, or (ii) induce any customer, supplier, licensee, vendor or other business relation of the Company or any of its Affiliates to cease
doing business with the Company or any of its Affiliates, or in any way intentionally interfere with the relationship between any such customer, supplier, licensee, vendor or business relation, on the one hand, and the Company or any of its
Affiliates, on the other hand. 
 3. Intellectual Property Rights. 

(a) Participant hereby assigns, transfers and conveys to the Company all of Participant’s right, title and interest in and to all Work
Product. Participant agrees that all Work Product belongs in all instances to the Company. Participant will promptly disclose such Work Product to the Company and perform all actions reasonably requested by the Company or an Affiliate thereof
(whether during or after the period of Participant’s Continuous Service with the Company or an Affiliate thereof) to establish and confirm the Company’s ownership of such Work Product (including, without limitation, the execution and
delivery of assignments, consents, powers of attorney and other instruments) and to provide reasonable assistance to the Company (whether during or after the period of Participant’s Continuous Service with the Company) in connection with the
prosecution of any applications for patents, trademarks, trade names, service marks or reissues thereof or in the prosecution or defense of interferences relating to any Work Product. Participant recognizes and agrees that the Work Product, to the
extent copyrightable, constitutes works for hire under the copyright laws of the United States. 
 (b) “Work Product” means
all inventions, innovations, improvements, technical information, systems, software developments, methods, designs, analyses, drawings, reports, service marks, trademarks, trade names, trade dress, logos and all similar or related information
(whether patentable or unpatentable) which relates to the Company’s or any of its Affiliates’ actual or anticipated business, operations, research and development or existing or future products or services and which are conceived,
developed or made by Participant (whether or not during usual business hours and whether or not alone or in conjunction with any other person) during the period of Participant’s Continuous Service together with all patent applications, letters
patent, trademark, trade name and service mark applications or registrations, copyrights and reissues thereof that may be granted for or upon any of the foregoing. Notwithstanding the foregoing, “Work Product” shall not include the patents
and other assets set forth on Exhibit C hereto. Participant hereby represents and warrants that the patents and other assets owned by Participant set forth on Exhibit C are not related in any way to the Company, except as stated
therein. 
 4. Non-Disparagement. The Participant shall not, in any manner,
directly or indirectly, make any oral or written statement to any person that disparages or places the Company or an Affiliate thereof or any of their respective officers, shareholders or advisors, or any member of the Board, in a false or negative
light; provided, however, that the Participant shall not be required to make any untruthful statement or to violate any law. 
 5.
Enforcement. 

  
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 (a) Participant understands that the restrictions set forth in Exhibit A to the
Notice and Agreement may limit his or her ability to earn a livelihood in a business similar to the business of the Company or an Affiliate thereof, but he or she nevertheless believes that he or she has received and will receive sufficient
consideration and other benefits in connection with his or her Continuous Service with the Company or an Affiliate thereof to clearly justify such restrictions which, in any event (given his or her education, skills and ability), Participant does
not believe would prevent him or her from otherwise earning a living. Participant has carefully considered the nature and extent of the restrictions placed upon him or her by Exhibit A to the Notice and Agreement, and hereby acknowledges and
agrees that the same are reasonable, do not confer a benefit upon the Company disproportionate to the detriment of Participant and are reasonable in time, scope and territory and necessary for the protection of the Company and its Affiliate and are
an essential inducement to the Company’s grant of RSUs under the Plan. 
 (b) Because Participant’s services are unique and
because Participant has access to Confidential Information and Work Product, the Parties hereto agree that money damages would be an inadequate remedy for any breach of the provisions of Exhibit A to the Notice and Agreement. Therefore, in
the event of a breach or threatened breach of the restrictions in Exhibit A to the Notice and Agreement, the Company or its successors or assigns may, in addition to other rights and remedies existing in their favor at law or in equity, apply
to any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security) or require Participant to account
for and pay over to the Company all compensation, profits, moneys, accruals, increments or other benefits derived from or received as a result of any transactions constituting a breach of the covenants contained in Exhibit A to the Notice and
Agreement, if and when the judgment of a court of competent jurisdiction is so entered against Participant. 
 (c) If, at the time of
enforcement of the restrictions provided in Exhibit A to the Notice and Agreement, a court or arbitrator holds that the restrictions stated herein are unreasonable under the circumstances then existing, the parties agree that the maximum
period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area determined to be reasonable under the circumstances by such court or arbitrator, as applicable. 

(d) Participant covenants and agrees that he or she will not seek to challenge the enforceability of the covenants contained in Exhibit
A to the Notice and Agreement against the Company or any of its Affiliates, nor will Participant assert as a defense to any action seeking enforcement of the provisions contained in Exhibit A to the Notice and Agreement (including an
action seeking injunctive relief) that such provisions are not enforceable due to lack of sufficient consideration received by Participant. 

  
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 EXHIBIT B: RESTRICTED TERRITORY 

United States 

  
 9 

 Exhibit C: Excluded Work Product 

 

			
	                	  	I have no inventions.
		
	                	  	The following is a complete list of all Work Product relative to the subject matter of my Service with the Company that have been created by me, alone or jointly with others, prior to the Grant Date, which might relate to the
Company’s present business:
		
		  	      

     

     

     

     

		
	                	  	Additional sheets attached.

 Participant Signature: ______________________________ Date: ________ 

  
 10EX-10.16

 Exhibit 10.16 

Execution Version 

SEPARATION AGREEMENT 

This Separation Agreement (this “Agreement”) is entered into, as of the “Effective Date” (as defined below),
between Superior Industries International, Inc. (the “Company”) and Donald J. Stebbins (“Executive” and with the Company, collectively, the “Parties”). 

W I T N E S S E T H 

WHEREAS, Executive and the Company are party to that Second Amended and Restated Employment Agreement, dated as of March 8, 2018 (the
“Employment Agreement”); 
 WHEREAS, effective December 31, 2018 (the “Separation Date”), Executive
has elected to retire from, and terminate employment with, the Company; and 
 WHEREAS, the Parties wish to resolve all matters that
Executive may have related to Executive’s employment and the termination of Executive’s employment. 
 NOW, THEREFORE, in
consideration of the premises and the releases, representations, covenants and obligations herein contained, the Parties, intending to be legally bound, hereby agree as follows: 

1. Separation; Final Pay; COBRA. 

(a) Executive’s service as the Company’s President and Chief Executive Officer and all other officer and employment positions that
Executive held at or through the Company, and any of its parents, subsidiaries or affiliates, will cease on December 12, 2018. Executive’s membership on the board of directors of the Company and all other director positions that Executive
holds at or through the Company, and any of its parents, subsidiaries or affiliates, will cease upon receipt of a resignation letter from Executive. Executive’s employment with the Company will cease on the Separation Date. Executive agrees to
promptly execute such additional documentation as requested by the Company to effectuate the foregoing. 
 (b) Regardless of whether
Executive executes this Agreement, the Company shall timely pay to Executive, minus applicable withholdings and authorized or required deductions: (i) all earned, but unpaid, wages and accrued, but unused, vacation time earned in accordance
with applicable law and Company policy through the Separation Date; and (ii) any unpaid expenses or other reimbursements, due to Executive under the Company’s policies, provided that Executive must submit for reimbursement any outstanding
business-related expenses within thirty (30) days following the Separation Date. 
 (c) Executive will receive under separate cover
information regarding Executive’s rights under the Consolidated Omnibus Budget Reconciliation Act and, if applicable, any state continuation coverage laws (collectively, “COBRA”). Executive acknowledges that Executive should
review the COBRA notice and election forms carefully to understand Executive’s rights and obligations to make timely elections, provide timely notification and make timely premium payments. 

 2. Separation Payments. Provided that Executive complies with this Agreement
and Executive’s post-employment obligations set forth in Article 6 of the Employment Agreement (as defined below), and the “ADEA Release” (as defined below) becomes effective pursuant to its terms, the Company shall
(i) pay to Executive the sum of one million and seven hundred fifty thousand six hundred eighty-five dollars ($1,750,685), less all applicable withholdings and authorized or required deductions, to be paid promptly following the ADEA Release
Effective Date and (ii) pay or reimburse Executive for the COBRA premiums for a period of twelve (12) months following Executive’s Separation Date, provided that Executive elects COBRA coverage for himself, his spouse and dependents
under a Company plan (the “Separation Payments”). The Separation Payments under this Section 2 are not earnings or wages under any Company 401(k) plan. For the avoidance of doubt, Executive shall retain all vested Company
equity awards in accordance with the terms of the applicable grant agreement and plan document governing such awards; provided that Executive agrees that no equity awards will vest after December 12, 2018 and all unvested equity awards (as
determined on that date) will be forfeited upon the expiration of the revocation period applicable to this Agreement. The Separation Payments are in lieu of any other severance benefit or other right or remedy to which executive would otherwise be
entitled under the Company’s plans, policies, or programs in effect on the Separation Date or thereafter. 
 3.
Confidentiality. Subject to Section 11 below, Executive agrees that the terms and conditions of this Agreement; the circumstances of Executive’s separation from the Company; all nonpublic, confidential, proprietary and trade
secret information that Executive obtained or developed as a result of Executive’s employment with the Company; and any events relating to the Company and/or the Company’s Executives that occurred during Executive’s employment with
the Company are strictly confidential, except that Executive may disclose the terms and conditions to Executive’s attorneys, accountants, tax consultants, state and federal tax authorities or as may otherwise be required by law (provided such
parties are instructed to comply with this section). 
 4. Continuing Obligations. Executive hereby reaffirms Executive’s
obligations under the Employment Agreement and agrees to comply at all times with Executive’s post-employment obligations set forth therein, including without limitation, the covenants set forth in Article 6 of the Employment Agreement.
Executive acknowledges and agrees that in the event Executive breaches any provision of this Agreement or Article 6 of the Employment Agreement, his right to receive Separation Payments shall automatically terminate and Executive shall repay, return
and restore any and all Separation Payments received pursuant to this Agreement. 
 5. Release. 

(a) In consideration for the Separation Payments, Executive, upon accepting such Separation Payment, on behalf of himself, his agents, heirs,
executors, administrators, and assigns, expressly and unconditionally releases and forever discharges Company and its successors and assigns, and all of their respective agents, directors, officers, owners, partners, employees, representatives,
insurers, attorneys, parent companies, subsidiaries, affiliates, and joint venturers, and each of them, past and present (collectively, the “Released Parties”), from any and all claims, actions, causes of action, demands, rights, or
damages of any kind or nature which he may now have, or ever have, whether known or unknown, based upon acts or events that occurred on or before the date on which Executive accepts the Separation Payments, including any claims, causes

  
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of action or demands of any nature arising out of or in any way relating to his employment with, or separation from the Company on or before the date of the execution of this Agreement
(collectively, “Claims”). This release specifically includes, but is not limited to, any Claims for fraud; breach of contract; breach of implied covenant of good faith and fair dealing; inducement of breach; interference with
contract; wrongful or unlawful discharge or demotion; violation of public policy; assault and battery (sexual or otherwise); invasion of privacy; intentional or negligent infliction of emotional distress; intentional or negligent misrepresentation;
conspiracy; failure to pay wages, benefits, vacation pay, severance pay, attorneys’ fees, or other compensation of any sort; retaliation, discrimination or harassment on the basis of age, race, color, sex, gender, national origin, ancestry,
religion, disability, handicap, medical condition, marital status, sexual orientation or any other protected category; any Claim arising under any state or federal statute or common law, including, but not limited to, Title VII of the Civil Rights
Act of 1964,42 U.S.C. §§ 2000e, et seq., the Americans with Disabilities Act, 42 U.S.C. §§ 12101, et seq., the Age Discrimination in Employment Act (including the Older Workers Benefit Protection Act), 29 U.S.C. §§ 623,
et seq., the Worker Adjustment and Retraining Notification Act, 29 U.S.C. §§ 2101, et seq., the Family and Medical Leave Act, 29 U.S.C. §§ 2601, et seq.; the Elliot-Larsen Civil Rights Act; the Michigan Persons with Disabilities
Civil Rights Act; the Michigan Constitution; and any other statutory or common law Claim. 
 (b) Executive acknowledges that the Separation
Payments he is receiving in exchange for this Agreement are more than the benefits to which he otherwise would have been entitled, and that such benefits constitute valid and adequate consideration for this Agreement. Executive further acknowledges
that he has read this Agreement, understands all of its terms, and has consulted with counsel of his choosing before signing this Agreement. 

(c) Notwithstanding anything in this Agreement to the contrary, Executive’s release of Claims under the Age Discrimination in Employment
Act, as amended (the “ADEA Release”) shall only become effective upon: (i) Executive’s separate signature set forth on the signature page of this Agreement reflecting Executive’s assent to Executive’s release of
Claims under the ADEA and (ii) the occurrence of the ADEA Release Effective Date (as defined below). 
 (d) Executive represents and
agrees that Executive has not, by himself or on Executive’s behalf, instituted, prosecuted, filed, or processed any litigation, Claims or proceedings against the Company or any Released Parties, nor has Executive encouraged or assisted anyone
to institute, prosecute, file, or process any litigation, Claims or proceedings against the Company or any Released Parties. Nothing in this Section 5 shall release or impair (i) Executive’s right to enforce this Agreement;
(ii) any Claim or right that may arise after the date of this Agreement; (iii) any vested benefits under a 401(k) plan or other employee benefit plan on or prior to the Separation Date; (iv) any Claim or right Executive may have
pursuant to indemnification, advancement, defense, or reimbursement pursuant to any applicable D&O policies, any similar insurance policies, applicable law or otherwise; and (v) any Claim which by law cannot be waived. Nothing in this
Agreement is intended to prohibit or restrict Executive’s right to file a charge with or participate in a charge by the Equal Employment Opportunity Commission, or any other local, state, or federal administrative body or government agency that
is authorized to enforce or administer laws related to employment; provided that Executive hereby waives the right to recover any monetary damages or other relief against any Released Parties; provided, however, that nothing in this
Agreement shall prohibit Executive from receiving any monetary award to which 

  
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Executive becomes entitled pursuant to Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

(e) Executive understands that Executive may later discover Claims or facts that may be different than, or in addition to, those which
Executive now knows or believes to exist with regards to the subject matter of this Agreement, and which, if known at the time of executing this Agreement, may have materially affected this Agreement or Executive’s decision to enter into it.
Executive hereby waives any right or Claim that might arise as a result of such different or additional Claims or facts. 
 (f) Executive
represents that Executive has made no assignment or transfer of any right or Claim covered by this Section 5 and that Executive further agrees that Executive is not aware of any such right or Claim covered by this Section 5. 

(g) Executive acknowledges and agrees that, except as expressly set forth under this Agreement, Executive is not entitled to receive any
additional compensation, bonus, equity compensation, payment in lieu of any paid time off, equity awards, severance payments or other payments or benefits of any kind from the Company or its parents, subsidiaries or its affiliates or with respect to
Executive’s employment with the Company or any of its parents, subsidiaries and affiliates, including, without limitation, any payments of any kind under the Employment Agreement. 

6. No Cooperation with Non-Governmental Third Parties. Executive agrees that, to the
maximum extent permitted by law, Executive will not encourage or voluntarily assist or aid in any way any non-governmental attorneys or their clients or individuals acting on their own behalf in making or
filing any lawsuits, complaints, or other proceedings against the Company or any other Released Parties, and represents that Executive has not previously engaged in any such conduct. 

7. Company Property. Executive acknowledges and agrees that Executive has returned, or will return within five (5) business
days after the Separation Date, all Company property and non-public, confidential, proprietary and/or trade secret information in Executive’s custody, possession or control, in any form whatsoever,
including without limitation, equipment, telephones, smart phones, work-related passwords; PDAs, laptops, credit cards, keys, access cards, identification cards, security devices, network access devices, pagers, confidential or proprietary
information, documents, manuals, reports, books, compilations, work product, e-mail messages, recordings, tapes, removable storage devices, hard drives, computers and computer discs, files and data, which
Executive prepared or obtained during the course of Executive’s employment with the Company. If Executive discovers any property of the Company or non-public, confidential, proprietary and/or trade secret
information in Executive’s possession after the Effective Date, Executive shall promptly return such property to the Company or, at the instruction of the Company, destroy such property or information. 

8. No Admission of Liability; No Prevailing Party. The Parties agree that this Agreement is not to be construed as an admission
of any wrongdoing or liability on the part of the Parties under any statute or otherwise, but that on the contrary, any such wrongdoing or liability is expressly denied by the Parties. The Parties agree that neither this Agreement nor the

  
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negotiations in pursuance thereof shall be construed or interpreted to render the Parties a prevailing party for any reason, including but not limited to an award of attorney’s fees,
expenses or costs under any statute or otherwise. 
 9. Voluntary Execution. Executive acknowledges, certifies and agrees that:
(a) Executive has carefully read this Agreement and fully understands all of its terms; (b) Executive had a reasonable amount of time to consider Executive’s decision to execute this Agreement; (c) in executing this Agreement
Executive does not rely and has not relied upon any representation or statement made by any of the Company’s agents, representatives, or attorneys with regard to the subject matter, basis, or effect of the Agreement; and (d) that Executive
enters into this Agreement voluntarily, of Executive’s own free will, without any duress and with knowledge of its meaning and effect in exchange for good and valuable consideration to which Executive would not be entitled in the absence of
executing this Agreement and not revoking the ADEA Release. Executive acknowledges that the Company has advised Executive to consult with an attorney prior to executing this Agreement and that Executive has consulted with Executive’s Counsel.

 10. Review Period. Executive has been given twenty-one (21) days from the date
of Executive’s receipt of this Agreement, which was December 13, 2018, to consider the terms of this Agreement, although Executive may sign it at any time sooner. The Parties agree that any revisions or modifications to this Agreement,
whether material or immaterial, will not and did not restart this time period. The first date upon which Executive and the Company have signed this Agreement, and the Company has received Executive’s signature, shall be the “Effective
Date”. Executive has seven (7) calendar days after the date on which Executive initially executes this Agreement for purposes of the ADEA Release to revoke Executive’s consent to the ADEA Release. Such revocation must be in
writing and must be emailed to Joanne Finnorn at jfinnorn@supind.com. Notice of such revocation must be received within the seven (7) calendar days referenced above. If Executive does not sign this Agreement for purposes of the ADEA Release or
if Executive revokes Executive’s execution of this Agreement for purposes of the ADEA Release, the ADEA Release shall be null and void and the “ADEA Release Effective Date” (as defined below) shall not occur. Provided that Executive
does not revoke Executive’s execution of this Agreement for purposes of the ADEA Release within such seven (7) day revocation period, this ADEA Release will become effective on the eighth (8th) calendar day after the date on which
Executive signs this Agreement for purposes of the ADEA Release (the “ADEA Release Effective Date”). 
 11. Permitted
Disclosures. Nothing in this Agreement or any other agreement between the Parties or any other policies of the Company or its affiliates shall prohibit or restrict Executive or Executive’s attorneys from: (a) making any disclosure
of relevant and necessary information or documents in any action, investigation, or proceeding relating to this Agreement, or as required by law or legal process, including with respect to possible violations of law; (b) participating,
cooperating, or testifying in any action, investigation, or proceeding with, or providing information to, any governmental agency or legislative body, any self-regulatory organization, and/or pursuant to the Sarbanes-Oxley Act; or (c) accepting
any U.S. Securities and Exchange Commission awards. In addition, nothing in this Agreement or any other agreement between the Parties or any other policies of the Company or its affiliates prohibits or restricts Executive from initiating
communications with, or responding to any inquiry from, any regulatory or supervisory authority regarding any good faith concerns about possible violations of law or 

  
 5 

 
regulation. Pursuant to 18 U.S.C. § 1833(b), Executive will not be held criminally or civilly liable under any Federal or state trade secret law for the disclosure of a trade secret of the
Company or its affiliates that (i) is made (x) in confidence to a Federal, state, or local government official, either directly or indirectly, or to Executive’s attorney and (y) solely for the purpose of reporting or
investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. If Executive files a lawsuit for retaliation by the Company for reporting a suspected
violation of law, Executive may disclose the trade secret to Executive’s attorney and use the trade secret information in the court proceeding, if Executive files any document containing the trade secret under seal, and does not disclose the
trade secret, except pursuant to court order. Nothing in this Agreement or any other agreement between the Parties or any other policies of the Company or its affiliates is intended to conflict with 18 U.S.C. § 1833(b) or create liability for
disclosures of trade secrets that are expressly allowed by such section. 
 12. Construction. The rule that a contract is to be
construed against the party drafting the contract is hereby waived, and shall have no applicability in construing this Agreement or the terms hereof. 

13. Assistance of Counsel. Executive expressly acknowledges that he was advised he has the right to be represented by counsel of
his own choosing in connection with the negotiation and drafting of the terms of this Agreement, that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement, and that he has
read and understands this Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment and not on any representations or promises other than those contained in this Agreement. 

14. Successors and Assigns; Third-Party Beneficiaries. The Parties agree that this Agreement shall inure to the benefit of the
personal representatives, heirs, executors, and administrators of Executive. This Agreement may not be assigned by Executive. The Company may freely assign all rights and obligations of this Agreement to any affiliate or successor (including to a
purchaser of assets). The Released Parties are expressly intended to be third-party beneficiaries of this Agreement and it may be enforced by each of them. 

15. No Oral Modifications. This Agreement shall not be modified except in writing signed by Executive and an authorized
representative of the Company. 
 16. Severability. If any terms of the above provisions of this Agreement are found null, void
or inoperative, for any reason, the remaining provisions will remain in full force and effect. The language of all parts of this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against
either of the Parties. 
 17. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an
original but all of which together will constitute one and the same instrument. An originally executed version of this Agreement that is scanned as an image file (e.g., Adobe PDF, TIF, etc.) and then delivered by one party to the other party via
electronic mail as evidence of signature, shall, for all purposes hereof, be deemed an original signature. In addition, an originally executed version of this Agreement that is delivered via facsimile by one party to the other party as evidence of
signature shall, for all purposes hereof, be deemed an original. 

  
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 18. Governing Law; Jurisdiction; Waiver of Jury Trial. The Parties agree that
this Agreement and the rights and obligations hereunder shall be governed by, and construed in accordance with, the laws of the State of Michigan regardless of any principles of conflicts of laws or choice of laws of any jurisdiction. The Parties
agree that any action between Executive and the Company shall be resolved exclusively in a federal or state court in the State of Michigan, and the Company and Executive hereby consent to such jurisdiction and waive any objection to the jurisdiction
of any such court. As a specifically bargained for inducement for each of the Parties to enter into this Agreement, Executive and the Company (after having the opportunity to consult with counsel) hereby waive trial by jury as to any and all
litigation arising out of and/or relating to this Agreement. 
 19. Entire Agreement. This Agreement, the Employment Agreement,
and the ADEA Release constitute the complete and entire agreements and understandings of the Parties, and supersede in their entirety any and all prior understandings, negotiations, commitments, obligations and/or agreements, whether written or
oral, between the Parties. The Parties represent that, in executing this Agreement, each Party has not relied upon any representation or statement made by the other Party, other than those set forth in this Agreement, with regard to the subject
matter, basis or effect of this Agreement. 
 20. Subsequent Release. The Company’s obligations under Section 2 of
this Agreement are strictly contingent upon Executive’s execution and non-revocation of a re-affirmation of the general waiver and release of all Claims against the
Released Parties and the other covenants set forth in Section 5 of this Agreement (the “Subsequent Release”) within twenty-one (21) days following the Separation Date. The date of
Executive’s execution of the Subsequent Release is referred to herein as the “Re-Execution Date.” By executing the Subsequent Release, Executive advances to the
Re-Execution Date Executive’s general waiver and release of all Claims against the Released Parties and the other covenants set forth in Section 5 of this Agreement. Executive has seven
(7) calendar days from the Re-Execution Date to revoke his re-execution of the Agreement. Such revocation must be in writing and must be e-mailed to Joanne Finnorn at jfinnorn@supind.com. Notice of such revocation must be received within the seven (7) calendar days referenced above. In the event of such revocation by Executive, the date of the
releases and covenants set forth in Section 5 of this Agreement shall not be advanced, but shall remain effective up to and including the date upon which Executive originally signs this Agreement. If the Subsequent Release does not become
effective within thirty (30) days of the Separation Date, the Company shall not be required to provide any of the payments or benefits set forth in Section 2 of this Agreement. 

  
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 IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the below-indicated
date(s). 
  

							
	Donald J. Stebbins	 		 	
			
	/s/ Donald J. Stebbins	 		 	December 20, 2018
	Donald J. Stebbins	 		 	Date
			
	Superior Industries International, Inc.	 		 	
			
	/s/ Timothy C. McQuay	 		 	December 20, 2018
	(Signature)	 		 	Date
				
	Name:	 	Timothy C. McQuay	 		 	
				
	Title:	 	Executive Chairman	 		 	
			
	 AGREED AND ACKNOWLEDGED

WITH RESPECT TO ADEA RELEASE
	 		 	
			
	Donald J. Stebbins	 		 	
			
	/s/ Donald J. Stebbins	 		 	December 20, 2018
	Donald J. Stebbins	 		 	Date

  
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