Document:

Exhibit 4.4

 Exhibit 4.4 
 ITC^DELTACOM, INC. 
 AMENDED AND RESTATED STOCK INCENTIVE PLAN 

 TABLE OF CONTENTS 
  

			
	 	  	Page
	 1.           PURPOSE
	  	1
	 2.           DEFINITIONS
	  	1
	 3.           ADMINISTRATION OF THE PLAN
	  	6
	 3.1.       Board
	  	6
	 3.2.       Committee
	  	6
	 3.3.       Grants
	  	7
	 3.4.       No Liability
	  	8
	 4.           STOCK SUBJECT TO THE PLAN
	  	8
	 4.1.       Aggregate Limitation
	  	8
	 4.2.       Other Plan Limits
	  	9
	 4.3.       Payment Shares
	  	9
	 4.4.       Application of Aggregate Limitation
	  	9
	 4.5.       Per-Grantee Limitation
	  	9
	 4.6.       Book Entry
	  	10
	 5.           EFFECTIVE DATE AND TERM OF THE PLAN
	  	10
	 5.1.       Effective Date
	  	10
	 5.2.       Term
	  	10
	 6.           PERMISSIBLE GRANTEES
	  	10
	 6.1.       Employees and Service Providers
	  	10
	 6.2.       Multiple Grants
	  	11
	 7.           LIMITATIONS ON GRANTS OF INCENTIVE STOCK OPTIONS
	  	11
	 8.           AWARD AGREEMENT
	  	11
	 9.           OPTION PRICE
	  	11
	 10.        VESTING, TERM AND EXERCISE OF OPTIONS
	  	12
	 10.1.     Vesting and Option Period
	  	12
	 10.2.     Term
	  	12
	 10.3.     Acceleration
	  	12
	 10.4.     Termination of Employment or Other Relationship for a Reason Other than Death or Disability
	  	12
	 10.5.     Rights in the Event of Death
	  	13
	 10.6.     Rights in the Event of Disability
	  	13
	 10.7.     Limitations on Exercise of Option
	  	13
	 10.8.     Method of Exercise
	  	14
	 10.9.     Rights as a Stockholder; Dividend Equivalents
	  	14
	 10.10.  Delivery of Stock Certificates
	  	15
	 11.        TRANSFERABILITY OF OPTIONS
	  	15
	 11.1.     General Rule
	  	15
	 11.2.     Family Transfers
	  	15
	 11.3.     Notice of Disqualifying Disposition
	  	16

  

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	 12.        RESTRICTED STOCK AND STOCK UNITS
	  	16
	 12.1.     Grant of Restricted Stock or Stock Units
	  	16
	 12.2.     Restrictions
	  	16
	 12.3.     Restricted Stock Certificates
	  	16
	 12.4.     Rights of Holders of Restricted Stock
	  	17
	 12.5.     Rights of Holders of Stock Units
	  	17
	 12.6.     Termination of Employment or Other Relationship for a Reason Other than Death or Disability
	  	17
	 12.7.     Rights in the Event of Death
	  	18
	 12.8.     Rights in the Event of Disability
	  	18
	 12.9.     Delivery of Shares and Payment Therefor
	  	18
	 13.        STOCK APPRECIATION RIGHTS
	  	19
	 13.1.     Grant of Stock Appreciation Rights
	  	19
	 13.2.     Nature of a Stock Appreciation Right
	  	19
	 13.3.     Terms and Conditions Governing SARs
	  	19
	 13.4.     Transferability
	  	19
	 13.5.     Family Transfers
	  	19
	 14.        UNRESTRICTED STOCK
	  	20
	 15.        PERFORMANCE AND ANNUAL INCENTIVE AWARDS
	  	20
	 15.1.     Performance Conditions
	  	20
	 15.2.     Performance or Annual Incentive Awards Granted to Designated Covered Employees
	  	20
	 15.3.     Written Determinations
	  	22
	 15.4.     Status of Section 15.2 Awards Under Code Section 162(m)
	  	22
	 16.        PARACHUTE LIMITATIONS
	  	22
	 17.        TERMINATION FOR CAUSE
	  	23
	 18.        REQUIREMENTS OF LAW
	  	24
	 18.1.     General
	  	24
	 18.2.     Rule 16b-3
	  	24
	 19.        AMENDMENT AND TERMINATION OF THE PLAN
	  	25
	 20.        EFFECT OF CHANGES IN CAPITALIZATION
	  	25
	 20.1.     Capitalization Change
	  	25
	 20.2.     Reorganizations in Which the Company is the Surviving Corporation not Involving a Change of
Ownership.
	  	26
	 20.3.     Reorganization in Which the Company is not the Surviving Corporation or Involving a Change of Ownership;
Sale of Assets or Stock
	  	26
	 20.4.     Adjustments
	  	27
	 20.5.     No Limitations on Company
	  	27
	 21.        DISCLAIMER OF RIGHTS
	  	27
	 22.        NONEXCLUSIVITY OF THE PLAN
	  	28
	 23.        WITHHOLDING TAXES
	  	28
	 24.        CAPTIONS
	  	29
	 25.        OTHER PROVISIONS
	  	29

  

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	 26.        NUMBER AND GENDER
	  	29
	 27.        SEVERABILITY
	  	29
	 28.        GOVERNING LAW
	  	29
	 29.        CODE SECTION 409A
	  	29

  

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 ITC^DELTACOM, INC. 
 AMENDED AND RESTATED STOCK INCENTIVE PLAN 
 ITC^DELTACOM, Inc., a Delaware corporation (the
“Company”), sets forth herein the terms of its Amended and Restated Stock Incentive Plan (the “Plan”) as follows: 
  

	1.	PURPOSE 

 The Plan is intended to enhance the
Company’s ability to attract and retain highly qualified officers, key employees, outside directors and other persons, and to motivate such officers, key employees, outside directors and other persons to serve the Company and its Affiliates (as
defined herein) and to expend maximum effort to improve the business results and earnings of the Company, by providing to such officers, key employees, outside directors and other persons an opportunity to acquire or increase a direct proprietary
interest in the operations and future success of the Company. To this end, the Plan provides for the grant of stock options, restricted stock, stock units, unrestricted stock, stock appreciation rights and cash-based performance awards in accordance
with the terms hereof. Stock options granted under the Plan may be non-qualified stock options or incentive stock options, as provided herein, except that stock options granted to outside directors and all Service Providers (as defined herein) shall
in all cases be non-qualified stock options. 
  

	2.	DEFINITIONS 

 For purposes of interpreting the Plan
and related documents (including Award Agreements), the following definitions shall apply: 
  

	2.1.	“Affiliate” of, or Person “affiliated” with, a Person means any company or other Person that controls, is controlled by or is under common control with
such first Person within the meaning of Rule 405 of Regulation C under the Securities Act. 

  

	2.2.	“Annual Incentive Award” means a Grant made subject to the attainment of performance goals (as described in Section 15 hereof) over a performance period
of up to one year (which shall be the Company’s fiscal year, unless otherwise specified by the Committee). 

  

	2.3.	“Award Agreement” means the stock option agreement, restricted stock agreement, stock unit agreement, stock appreciation right agreement or other written agreement
between the Company and a Grantee that evidences and sets forth the terms and conditions of a Grant. 

  

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

  

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	2.5.	“Capitalization Change” means a transaction in which the number of outstanding shares of Stock is increased or decreased or changed into or exchanged for a
different number or kind of shares of capital stock or other securities of the Company by reason of any recapitalization, reclassification, stock split-up, combination of shares of capital stock, exchange of shares of capital stock, stock dividend
or other distribution payable in shares of capital stock, or other increase or decrease in shares of capital stock effectuated without receipt of consideration by the Company, which occurs after the Effective Date. 

  

	2.6.	“Code” means the Internal Revenue Code of 1986, as now in effect or as hereafter amended. 

  

	2.7.	“Committee” means the Compensation Committee of the Board or other committee of, and designated from time to time by resolution of, the Board, which shall consist
of no fewer than two members of the Board. During any time when the Company has a class of equity securities registered under Section 12 of the Exchange Act, at least two members of the Committee shall qualify in all respects as
(i) “non-employee directors” within the meaning of Rule 16b-3 under the Exchange Act or any successor rule or regulation, (ii) “outside directors” for purposes of Code section 162(m) and (iii) “independent
directors” as required by rules, regulations or practices promulgated by The NASDAQ Stock Market LLC or any other stock exchange or market on which the Stock is traded (but only to the extent so required), unless in the case of each of clauses
(i), (ii) and (iii) the Board determines that satisfaction of such requirements is impracticable, unnecessary or inconsistent with contractual obligations of the Company. 

  

	2.8.	“Company” means ITC^DeltaCom, Inc., a Delaware corporation. 

  

	2.9.	“Corporate Transaction” means any of the following transactions: (i) the dissolution or liquidation of the Company; (ii) a merger, consolidation or
reorganization of the Company in which the Company is not the surviving corporation; (iii) a sale of all or substantially all of the assets of the Company to another Person; or (iv) any other transaction (including a merger or
reorganization in which the Company is the surviving corporation) that results in any Person, other than the Existing Stockholders, beneficially owning (within the meaning of Rule 13d-3 under the Exchange Act) more than 50% of the combined voting
power of all classes of voting securities of the Company. 

  

	2.10.	“Covered Employee” means a Grantee who is a Covered Employee within the meaning of Code section 162(m)(3). 

  

	2.11.	“Director” means a member of the Board. 

  

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	2.12.	“Disability” means permanent and total disability as defined in Code section 22(e)(3). 

  

	2.13.	“Effective Date” means October 29, 2002. 

  

	2.14.	“Exchange Act” means the Securities Exchange Act of 1934, as now in effect or as hereafter amended. 

  

	2.15.	“Executive Officer” means “executive officer” of the Company within the meaning of Rule 3b-7 under the Exchange Act. 

  

	2.16.	“Existing Stockholders” means the WCAS Securityholders and their Affiliates. 

  

	2.17.	“Fair Market Value,” the value of a share of Stock, determined as follows: with respect to any Grant Date or other date of determination, means the closing price of
a share of Stock reported on the Stock Exchange on such Grant Date or other date of determination or, if no closing price was reported on such Grant Date or other date of determination, the closing price of a share of Stock reported on the Stock
Exchange on the most recent trading date immediately preceding such Grant Date or other date of determination on which a closing price was so reported. Notwithstanding the foregoing, in the event that the shares of Stock are listed or admitted to
trading on more than one Stock Exchange, Fair Market Value means the closing price of a share of Stock reported on the Stock Exchange that trades the largest volume of shares of Stock on the applicable trading date. If the Stock is not at the time
listed or admitted to trading on a Stock Exchange, Fair Market Value means the mean between the lowest reported bid price and highest reported asked price of a share of Stock on the applicable trading date in the over-the-counter market, as such
prices are reported in a publication of general circulation selected by the Board and regularly reporting the market price of the Stock in such market. If the Stock is not listed or admitted to trading on any Stock Exchange or traded in the
over-the-counter market, Fair Market Value shall be the value of the Stock as determined by the Board by the reasonable application of a reasonable valuation method, in a manner consistent with Code section 409A. 

  

	2.18.	“Governance Agreement” means the Amended and Restated Governance Agreement, dated as of July 25, 2005, as amended from time to time, among the Company, WCAS
Capital Partners III, L.P., Welsh, Carson, Anderson & Stowe VIII, L.P., WCAS Information Partners, L.P. and the other Persons listed on the signature pages thereto. 

  

	2.19.	“Grant” means an award of an Option, Restricted Stock, a Stock Unit, Unrestricted Stock, a Stock Appreciation Right, a Performance Award or an Annual Incentive
Award under the Plan. 

  

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	2.20.	“Grant Date” means, as determined by the Board or authorized Committee, (i) the date as of which the Board or such Committee approves a Grant, (ii) the
date on which the recipient of a Grant first becomes eligible to receive an award or (iii) such other date as may be specified by the Board or such Committee. 

  

	2.21.	“Grantee” means a Person who receives or holds a Grant of an Option, Restricted Stock, a Stock Unit, a Stock Appreciation Right, Unrestricted Stock, a Performance
Award or an Annual Incentive Award under the Plan. 

  

	2.22.	“Immediate Family Members” of a Grantee means the child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law of the Grantee, including adoptive relationships, or any individual sharing the Grantee’s household (other than a tenant or employee).

  

	2.23.	“Incentive Stock Option” means an “incentive stock option” within the meaning of Code section 422. 

  

	2.24.	“Non-qualified Stock Option” means an Option that is not an Incentive Stock Option. 

  

	2.25.	“Option” means an option to purchase one or more shares of Stock pursuant to the Plan. 

  

	2.26.	“Option Period” means the period during which Options may be exercised as set forth in Section 10 hereof. 

  

	2.27.	“Option Price” means the purchase price for each share of Stock subject to an Option. 

  

	2.28.	“Outside Director” means a member of the Board who is not an officer or employee of the Company or any Subsidiary. 

  

	2.29.	“Performance Award” means a Grant made subject to the attainment of performance goals (as described in Section 15 hereof) over a performance period of
up to ten (10) years. 

  

	2.30.	“Person” means any individual, corporation, partnership, joint venture, limited liability company, association, joint-stock issuer, trust or unincorporated
organization (including any subdivision or ongoing business of any such entity or substantially all of the assets of any such entity, subdivision or business). 

  

	2.31.	“Plan” means this ITC^DeltaCom, Inc. Amended and Restated Stock Incentive Plan, as amended from time to time. 

  

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	2.32.	“Plan of Reorganization” means the Company’s plan of reorganization confirmed by order of the United States Bankruptcy Court for the District of Delaware
entered on October 17, 2002 in In re ITC^DeltaCom, Inc. (Case No. 02-11848) (MFW)). 

  

	2.33.	“Reporting Person” means a Person who is required to file reports under Section 16(a) of the Exchange Act. 

  

	2.34.	“Restricted Period” means the period during which Restricted Stock or Stock Units are subject to restrictions or conditions pursuant to Section 12.2
hereof. 

  

	2.35.	“Restricted Stock” means shares of Stock awarded to a Grantee pursuant to Section 12 hereof that are subject to restrictions and to a risk of
forfeiture. 

  

	2.36.	“Securities Act” means the Securities Act of 1933, as now in effect or as hereafter amended. 

  

	2.37.	“Service Provider” means a consultant or adviser to the Company or a Subsidiary, a manager of the properties or affairs of the Company or a Subsidiary, or other
similar service provider or Affiliate of the Company or a Subsidiary, and employees of any of the foregoing, as such persons may be designated from time to time by the Board pursuant to Section 6 hereof. 

  

	2.38.	“Stock” means the common stock, par value $0.01 per share, of the Company. 

  

	2.39.	“Stock Appreciation Right” or “SAR” means a right granted to a Grantee pursuant to Section 13 hereof. 

  

	2.40.	“Stock Exchange” means the OTC Bulletin Board, The NASDAQ Stock Market LLC and any other established national or regional stock exchange on which the Stock is
listed or admitted to trading. 

  

	2.41.	“Stock Unit” means a unit awarded to a Grantee pursuant to Section 12 hereof, which represents a conditional right to receive a share of Stock in the
future, and which is subject to restrictions and to a risk of forfeiture. 

  

	2.42.	“Subsidiary” means any “subsidiary corporation” of the Company within the meaning of Code section 424(f). 

  

	2.43.	“Successor” means any corporation that is a successor corporation to the Company in a transaction described in Section 20.3 hereof, and any parent or
subsidiary corporation thereof. 

  

	2.44.	“Unrestricted Stock” means an award of Stock granted to a Grantee pursuant to Section 14 hereof. 

  

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	2.45.	“WCAS Securityholders” means, collectively, (i) WCAS Capital Partners III, L.P., (ii) Welsh, Carson, Anderson & Stowe VIII, L.P., (iii) WCAS
Information Partners, L.P., (iv) each of the individual investors, trusts and other Persons that executed the Governance Agreement as “WCAS Securityholders,” (v) the Affiliates of any of the persons referred to in clauses (i),
(ii), (iii) and (iv) above, (vi) the related persons of any of the persons referred to in clauses (i), (ii), (iii) and (iv) above and (vii) the WCAS Securityholder Permitted Transferees. 

  

	2.46.	“WCAS Securityholder Permitted Transferees” means the individuals who are the heirs, executors, administrators, testamentary trustees, legatees, beneficiaries,
spouses or lineal descendants of any of the WCAS Securityholders who are natural persons. 

  

	3.	ADMINISTRATION OF THE PLAN 

  

	 	3.1.	Board. 

 The Board shall have such powers and
authorities related to the administration of the Plan as are consistent with the Company’s certificate of incorporation, bylaws and applicable law. The Board shall have full power and authority to take all actions and to make all determinations
required or provided for under the Plan, any Grant or any Award Agreement, and shall have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of the
Plan that the Board deems to be necessary or appropriate to the administration of the Plan, any Grant or any Award Agreement. All such actions and determinations shall be by the affirmative vote of a majority of the members of the Board present at a
meeting or by unanimous consent of the Board executed in writing in accordance with the Company’s certificate of incorporation, bylaws and applicable law. The interpretation and construction by the Board of any provision of the Plan, any Grant
or any Award Agreement shall be final, binding and conclusive. As permitted by law, the Board may delegate its authority under the Plan to a member of the Board or an Executive Officer; provided, however, that, unless otherwise provided by
resolution of the Board, only the Board or the Committee may make a Grant to a Reporting Person of the Company and establish the number of shares of Stock that may be subject to Grants with respect to any fiscal period. 
  

	 	3.2.	Committee. 

 The Board from time to time may
delegate to a Committee such powers and authorities related to the administration and implementation of the Plan, as set forth in Section 3.1 hereof and in other applicable provisions of the Plan, as the Board shall determine, consistent
with the Company’s certificate of incorporation, bylaws and applicable law. In the event of any such delegation to a Committee, and as the context 

  

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requires, reference in this Plan to the Board shall be a reference to the Committee. In the event that the Plan, any Grant or any Award Agreement provides
for any action to be taken or determination to be made by the Board, such action may be taken by or such determination may be made by the Committee if the power and authority to do so has been delegated to the Committee by the Board as provided for
in this Section 3.2. Unless otherwise expressly determined by the Board, any such action or determination by the Committee shall be final, binding and conclusive. As permitted by law, the Committee may delegate the authority delegated to
it by the Board under the Plan to a member of the Board or an Executive Officer; provided, however, that, unless otherwise provided by the Board, only the Board or the Committee may make a Grant to a Reporting Person of the Company and establish the
number of shares of Stock that may be subject to Grants during any fiscal period. 
  

	 	3.3.	Grants. 

 Subject to the other terms and conditions
of the Plan, the Board shall have full and final authority (i) to designate Grantees, (ii) to determine the types of Grants to be made to a Grantee, (iii) to determine the number of shares of Stock to be subject to a Grant,
(iv) to establish the terms and conditions of each Grant, including, without limitation, the Option Price of any Option, the nature and duration of any restriction or condition (or provision for lapse thereof, including any lapse relating to a
change in control of the Company) relating to the vesting, exercise, transfer or forfeiture of a Grant or the shares of Stock subject thereto, the treatment of a Grant in the event of a Corporate Transaction, and any terms or conditions that may be
necessary to qualify Options as Incentive Stock Options, (v) to prescribe the form of each Award Agreement evidencing a Grant, (vi) to make Grants alone, in addition to, in tandem with, or in substitution or exchange for any other Grant or
any other award granted under another plan of the Company or a Subsidiary, and (vii) to amend, modify or supplement the terms of any outstanding Grant. Such authority shall specifically include the authority, in order to effectuate the purposes
of the Plan but without amending the Plan, to modify Grants to eligible individuals who are foreign nationals or are individuals who are employed outside the United States of America to recognize differences in local law, tax policy or custom. As a
condition to any subsequent Grant, the Board shall have the right, in its sole discretion, to require Grantees to return to the Company any Grants previously awarded under the Plan. Subject to the terms and conditions of the Plan, any such
subsequent Grant shall be upon such terms and conditions as are specified by the Board at the time the subsequent Grant is made. The Board’s authority pursuant to this Section 3.3 shall include the authority, with the consent of the
affected Grantee, to cancel any Option or other Grant and to substitute a new Option or other Grant covering the same or a different number of shares of Stock and with the same or different vesting schedule and other terms. Without limiting the
generality of the foregoing, in the case of a substitute Option, the new Option may have the same, a higher or a lower Option Price. Notwithstanding anything in the Plan to the contrary, the Option Price of an Option or the grant price of an SAR
that is an award granted upon assumption of, or in substitution for, outstanding awards previously granted by a company or other entity acquired by the Company or any Affiliate thereof or 

  

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with which the Company or any Affiliate thereof combines, may be less than 100% of the Fair Market Value of a share of Stock on the original date of grant;
provided, that, the Option Price or grant price is determined in accordance with the principles of Code section 424 and the regulations thereunder, as modified by Code section 409A and the regulations thereunder with respect to Non-qualified Stock
Options and SARs. The Board’s authority pursuant to this Section 3.3 shall include the authority to implement an exchange of Grants by means of an exchange offer. 
 The Company may retain the right in an Award Agreement to cause a forfeiture of the gain realized by a Grantee on account of actions taken by the Grantee
in violation or breach of, or in conflict with, any employment agreement, non-competition agreement, any agreement prohibiting solicitation of employees or clients of the Company or any Affiliate thereof or any confidentiality obligation with
respect to the Company or any Affiliate thereof or otherwise in competition with the Company or any Affiliate thereof, to the extent specified in such Award Agreement applicable to the Grantee. 
 The Board may permit or require the deferral of any award payment into a deferred compensation arrangement, subject to such rules and procedures as it
may establish, which may include provisions for the payment or crediting of interest or dividend equivalents, including the converting of such credits into deferred Stock equivalents. Any such deferrals shall be made in a manner that complies with
Code section 409A. 
  

	 	3.4.	No Liability. 

 No member of the Board or of the
Committee shall be liable for any action or determination made in good faith with respect to the Plan or any Grant or Award Agreement. 
  

	4.	STOCK SUBJECT TO THE PLAN 

  

	 	4.1.	Aggregate Limitation. 

 Subject to adjustment as
provided in Section 20 hereof, the aggregate number of shares of Stock available for issuance under the Plan pursuant to Options or other Grants shall be eleven million three hundred and five thousand three hundred thirty-four
(11,305,334) shares, which may be authorized but unissued shares, treasury shares, or issued and outstanding shares that are purchased in the open market or otherwise. Any shares of Stock granted under the Plan which are forfeited to the
Company because of the failure to meet an award contingency or condition shall again be available for issuance pursuant to new awards granted under the Plan. Any shares of Stock covered by an award (or portion of an award) granted under the Plan
which is forfeited or canceled, expires or is settled in cash shall be deemed not to have been issued for purposes of determining the maximum number of shares of Stock available for issuance under the Plan. If any Option is exercised by tendering
shares of Stock, either actually or by attestation, to the Company 

  

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as full or partial payment in connection with the exercise of an Option or a stock option under any prior plan of the Company as herein described, only the
number of shares of Stock issued net of the shares of Stock tendered shall be deemed issued for purposes of determining the maximum number of shares of Stock available for issuance under the Plan. Shares of Stock issued under the Plan through the
settlement, assumption or substitution of outstanding awards or obligations to grant future awards resulting from the acquisition of another Person shall not reduce the maximum number of shares available for issuance under the Plan. 
  

	 	4.2.	Other Plan Limits. 

 Subject to adjustment as
provided in Section 20 hereof, the maximum number of shares of Stock that may be delivered through Options intended to be Incentive Stock Options shall be three million six hundred fifty thousand (3,650,000) shares. 
  

	 	4.3.	Payment Shares. 

 Subject to the overall limitation
on the number of shares of Stock that may be delivered under the Plan, the Board may use available shares of Stock as the form of payment for compensation, grants or rights earned or due under any other compensation plans or arrangements of the
Company, including the plan of any Person acquired by the Company, and such shares of Stock used as such payment shall not count against the limitation on the maximum number of shares specified in Section 4.1 hereof. 
  

	 	4.4.	Application of Aggregate Limitation. 

 The Board may
adopt reasonable counting procedures to ensure appropriate counting, to avoid double counting (as, for example, in the case of tandem or substitute awards) and to make adjustments if the number of shares of Stock actually delivered differs from the
number of shares of Stock previously counted in connection with a Grant. 
  

	 	4.5.	Per-Grantee Limitation. 

 During any time when the
Company has a class of equity security registered under Section 12 of the Exchange Act: 
  

	 	(i)	in any fiscal year, no Person eligible for a Grant under Section 6 hereof may be awarded Options for purposes of the Plan exercisable for greater than two million
(2,000,000) shares of Stock (subject to adjustment as provided in Section 20 hereof); 

  

	 	(ii)	 in any fiscal year, the maximum number of shares of Restricted Stock that may be awarded under the Plan (including for this purpose any shares of 

  

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Stock represented by Stock Units) to any Person eligible for a Grant under Sections 12 and 14 hereof is one million (1,000,000) shares for
purposes of the Plan (subject to adjustment as provided in Section 20 hereof); 

  

	 	(iii)	in any fiscal year, the maximum number of shares of Stock that may be the subject of SARs awarded to any Grantee under Section 13 hereof is five hundred thousand
(500,000) shares for purposes of the Plan (subject to adjustment as provided in Section 20 hereof); and 

  

	 	(iv)	the maximum amount that may be earned as an Annual Incentive Award or other cash Grant in any fiscal year by any one Grantee shall be $3,000,000 and the maximum amount that may be
earned as a Performance Award or other cash Grant in respect of a performance period by any one Grantee shall be $5,000,000. 

  

	 	4.6.	Book Entry. 

 Notwithstanding any other provision of
the Plan to the contrary, the Company may, in its sole discretion, use the book-entry method of recording Stock ownership in lieu of issuing certificates evidencing Stock ownership for any purpose under the Plan. 
  

	5.	EFFECTIVE DATE AND TERM OF THE PLAN 

  

	 	5.1.	Effective Date. 

 The Plan was effective as of the
Effective Date. The Plan as herein amended and restated was effective as of February 6, 2008 (the “Amendment and Restatement Date”). 
  

	 	5.2.	Term. 

 The Plan shall terminate ten years after the
Amendment and Restatement Date. 
  

	6.	PERMISSIBLE GRANTEES 

  

	 	6.1.	Employees and Service Providers. 

 Subject to the
provisions of Section 7 hereof, Grants may be made under the Plan to (i) any employee of the Company or a Subsidiary, including any such employee who is an officer or director of the Company, (ii) an Outside Director,
(iii) a Service Provider or employee of a Service Provider who provides, or who has provided, services to the Company or any Subsidiary, and (iv) any other individual whose participation in the Plan is determined by the Board to be in the
best interests of the Company, as the Board shall determine and designate from time to time. 
  

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	 	6.2.	Multiple Grants. 

 An eligible Person may receive
more than one Grant, subject to such restrictions as are provided in the Plan. 
  

	7.	LIMITATIONS ON GRANTS OF INCENTIVE STOCK OPTIONS 

 An Option shall constitute an Incentive Stock Option only (i) if the Grantee of such Option is an employee of the Company or a Subsidiary, (ii) to the extent specifically provided in the related Award Agreement and (iii) to
the extent that the aggregate Fair Market Value (determined at the time the Option is granted) of the shares of Stock with respect to which all Incentive Stock Options held by such Grantee become exercisable for the first time during any calendar
year (under the Plan and all other plans of the Grantee’s employer and its Affiliates) does not exceed $100,000. This limitation shall be applied by taking Options into account in the order in which such Options were granted. 
  

	8.	AWARD AGREEMENT 

 Each Grant pursuant to the Plan
shall be evidenced by an Award Agreement, in such form or forms as the Board shall from time to time determine. Award Agreements issued from time to time or at the same time need not contain similar provisions, but shall be consistent with the terms
of the Plan. Each Award Agreement evidencing a Grant of Options shall specify whether such Options are intended to be Non-qualified Stock Options or Incentive Stock Options, and in the absence of such specification such options shall be deemed to be
Non-qualified Stock Options. 
  

	9.	OPTION PRICE 

 The Option Price of each Option shall
be no less than the Fair Market Value of a share of Stock on the Grant Date and stated in the Award Agreement evidencing such Option; provided, however, that in the event that a Grantee would otherwise be ineligible to receive an Incentive Stock
Option by reason of the provisions of Code sections 422(b)(6) and 424(d) (relating to ownership of more than 10% of the Company’s outstanding shares of Stock), the Option Price of an Option granted to such Grantee that is intended to be an
Incentive Stock Option shall be not less than 110% of the Fair Market Value of a share of Stock on the Grant Date. In no case shall the Option Price of any Option be less than the par value of a share of Stock. Notwithstanding the foregoing, the
Options for 666,667 shares of Stock granted by the Company pursuant to the Plan of Reorganization shall have the Option Prices set forth in the Plan of Reorganization and shall be Non-qualified Stock Options. 
  

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	10.	VESTING, TERM AND EXERCISE OF OPTIONS 

  

	 	10.1.	Vesting and Option Period. 

 Subject to Sections
10.2 and 20 hereof, each Option granted under the Plan shall become exercisable at such times and under such conditions as shall be determined by the Board and stated in the Award Agreement. For purposes of this Section 10.1,
fractional numbers of shares of Stock subject to an Option shall be rounded down to the next nearest whole number. The period during which any Option shall be exercisable shall constitute the “Option Period” with respect to such Option.

  

	 	10.2.	Term. 

 Each Option granted under the Plan shall
terminate, and all rights to purchase shares of Stock thereunder shall cease, upon the expiration of ten years from the date such Option is granted, or under such circumstances and on such date prior thereto as is set forth in the Plan or as may be
fixed by the Board and thereafter stated in the Award Agreement relating to such Option; provided, however, that in the event that the Grantee would otherwise be ineligible to receive an Incentive Stock Option by reason of the provisions of Code
sections 422(b)(6) and 424(d) (relating to ownership of more than 10% of the Company’s outstanding shares of Stock), an Option granted to such Grantee that is intended to be an Incentive Stock Option shall not be exercisable after the
expiration of five years from its date of grant. 
  

	 	10.3.	Acceleration. 

 Any limitation on the exercise of an
Option contained in any Award Agreement may be rescinded, modified or waived by the Board, in its sole discretion, at any time and from time to time after the Grant Date of such Option, so as to accelerate the time at which the Option may be
exercised. 
  

	 	10.4.	Termination of Employment or Other Relationship for a Reason Other than Death or Disability. 

 Unless otherwise provided in the applicable Award Agreement as approved by the Board, upon the termination of a Grantee’s employment or other
relationship with the Company and its Subsidiaries other than by reason of death or Disability, any Option or portion thereof held by such Grantee that has not vested in accordance with the provisions of Section 10.1 hereof shall
terminate immediately, and any Option or portion thereof that has vested in accordance with the provisions of Section 10.1 hereof but has not been exercised shall, subject to Section 17 hereof, terminate at the close of
business upon the expiration of three months following the Grantee’s termination of employment or other relationship (or, if such day is a Saturday, Sunday or holiday, at the close of business on the next preceding day that is not a Saturday,
Sunday or holiday). Upon such termination 

  

 - 12 - 

 
of an Option or portion thereof, the Grantee shall have no further right to purchase shares of Stock pursuant to such Option or portion thereof. Whether a
leave of absence or leave on military or government service shall constitute a termination of employment or other relationship for purposes of the Plan shall be determined by the Board, whose determination shall be final, binding and conclusive. For
purposes of the Plan, a termination of employment, service or other relationship shall not be deemed to occur if the Grantee is immediately thereafter employed with the Company, a Subsidiary or a Service Provider, or is engaged as a Service Provider
or an Outside Director. Whether a termination of a Grantee’s employment or other relationship with the Company and its Subsidiaries shall have occurred shall be determined by the Board, whose determination shall be final, binding and
conclusive. 
  

	 	10.5.	Rights in the Event of Death. 

 Unless otherwise
provided in the applicable Award Agreement as approved by the Board, if a Grantee dies while employed by or providing services to the Company or a Subsidiary, all Options granted to such Grantee that have not previously terminated shall fully vest
on the date of such Grantee’s death, and the executors or administrators or legatees or distributees of such Grantee’s estate shall have the right, at any time within one year after the date of such Grantee’s death and prior to
termination of any Option pursuant to Section 10.2 hereof, to exercise any Option held by such Grantee at the date of such Grantee’s death. 
  

	 	10.6.	Rights in the Event of Disability. 

 Unless
otherwise provided in the applicable Award Agreement as approved by the Board, if a Grantee’s employment or other relationship with the Company or a Subsidiary is terminated by reason of the Disability of such Grantee, such Grantee’s
Options that have not previously terminated shall fully vest, and shall be exercisable for a period of one year after such termination of employment or other relationship, subject to earlier termination of such Options as provided in
Section 10.2 hereof. Whether a termination of employment or other relationship is considered to be by reason of Disability for purposes of the Plan shall be determined by the Board, whose determination shall be final, binding and
conclusive. 
  

	 	10.7.	Limitations on Exercise of Option. 

 Notwithstanding
any other provision of the Plan, in no event may any Option granted pursuant to the amended and restated Plan be exercised, in whole or in part, after ten years following the date upon which any Option is granted, or after the occurrence of an event
referred to in Section 20 hereof which results in termination of the Option. 
  

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	 	10.8.	Method of Exercise. 

 An Option that is exercisable
may be exercised by the Grantee’s delivery to the Company of written notice of exercise on any business day, at the Company’s principal office, addressed to the attention of the Board. Such notice shall specify the number of shares of
Stock with respect to which the Option is being exercised and shall be accompanied by payment in full of the Option Price of the shares of Stock for which the Option is being exercised. Payment of the Option Price for the shares of Stock purchased
pursuant to the exercise of an Option shall be made (a) in cash or in cash equivalents acceptable to the Company; (b) to the extent permitted by law and at the Board’s discretion, through the actual or constructive tender to the
Company of shares of Stock, which shares of Stock, if acquired from the Company, shall have been held for at least six months prior to such tender and which shall be valued, for purposes of determining the extent to which the Option Price has been
paid thereby, at their Fair Market Value on the date of exercise; or (c) to the extent permitted by law and at the Board’s discretion, by a combination of the methods described in clauses (a) and (b) above. 
 Except as otherwise provided in the applicable Award Agreement as approved by the Board, and subject to the limitation provided in the last sentence of
this paragraph with regard to the Company’s Executive Officers and Directors, if at the time of exercise the Stock is publicly traded on the OTC Bulletin Board, The NASDAQ Stock Market LLC, another established securities exchange or any other
market, the Grantee may exercise an Option by delivering a written direction to the Company that such Option will be exercised pursuant to a “cashless” exercise/sale procedure (pursuant to which funds to pay for exercise of the option
shall be delivered to the Company by a broker upon receipt of stock certificates from the Company) or a “cashless” exercise/loan procedure (pursuant to which the Grantee shall obtain a margin loan from a broker to fund the exercise). Such
a procedure shall be effectuated through a licensed broker acceptable to the Company. The certificate or certificates for the shares of Stock for which the Option is exercised shall be delivered to such broker as the agent for the individual
exercising such Option and the broker shall deliver to the Company cash (or cash equivalents acceptable to the Company) equal to the Option Price for the shares of Stock purchased pursuant to the exercise of such Option, plus the amount (if any) of
federal and other taxes that the Company may, in its judgment, be required to withhold with respect to the exercise of such Option. 
 Any
attempt to exercise any Option granted hereunder other than as set forth above shall be invalid and of no force and effect. 
  

	 	10.9.	Rights as a Stockholder; Dividend Equivalents. 

 Unless otherwise provided in the applicable Award Agreement as approved by the Board, an individual holding or exercising an Option shall have none of the rights of a stockholder (for example, the right to receive cash or dividend payments
or distributions attributable to the subject shares of Stock or to direct the voting of the subject shares of 

  

 - 14 - 

 
Stock) until the shares of Stock covered thereby are fully paid and issued to such individual. Except as provided in Section 20 hereof, no
adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such issuance. However, the Board may, on such conditions as it deems appropriate, provide that a Grantee shall receive a benefit
in lieu of cash dividends that would have been payable on any or all shares of Stock subject to the Grant if such shares of Stock had been outstanding. Without limiting the generality of the foregoing, the Board may provide for payment to the
Grantee of amounts representing such dividends, either currently or in the future, or for the investment of such amounts on behalf of the Grantee. 
  

	 	10.10.	Delivery of Stock Certificates. 

 After the exercise
of an Option by a Grantee and the payment in full of the Option Price, such Grantee shall be entitled to the issuance of a certificate or certificates evidencing such Grantee’s ownership of the shares of Stock subject to such Option.

  

	11.	TRANSFERABILITY OF OPTIONS 

  

	 	11.1.	General Rule. 

 Except as provided in
Section 11.2 hereof, during the lifetime of a Grantee, only such Grantee (or, in the event of such Grantee’s legal incapacity or incompetency, such Grantee’s guardian or legal representative) may exercise an Option. Except as
provided in Section 11.2 hereof, no Option shall be assignable or transferable by the Grantee to whom such Option is granted, other than by will or the laws of descent and distribution. 
  

	 	11.2.	Family Transfers. 

 To the extent permitted by the
Board and under such terms and conditions as may be imposed by the Board, a Grantee may transfer all or part of an Option that is not an Incentive Stock Option to (i) any Immediate Family Member, (ii) any trust in which Immediate Family
Members have more than 50% of the beneficial interest, (iii) any foundation in which Immediate Family Members (or the Grantee) control the management of the assets or (iv) any other entity in which Immediate Family Members (or the Grantee)
own more than 50% of the voting interests; provided that (a) there may be no consideration for any such transfer, and (b) subsequent transfers of transferred Options or transfers of an interest in a trust, foundation or other entity to
which an Option has been transferred, except those transfers effectuated in accordance with this Section 11.2 or by will or the laws of descent and distribution, are prohibited. Following such transfer, any such Option shall continue to
be subject to the same terms and conditions that were applicable to such Option immediately prior to such transfer, provided that, for purposes of this Section 11.2, the term “Grantee” shall be deemed to refer to the transferee
of such Option. The events of termination of employment or other relationship referred to in Section 10.4 hereof shall continue to be applicable with respect to the original Grantee, following which events the applicable Option shall be
exercisable by the transferee thereof only to the extent and for the periods specified in Section 10.4, 10.5 or 10.6 hereof. 
  

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	 	11.3.	Notice of Disqualifying Disposition. 

 If any
Grantee shall make any disposition of shares of Stock issued pursuant to the exercise of an Incentive Stock Option under the circumstances described in Code section 421(b) (relating to certain disqualifying dispositions), such Grantee shall notify
the Company of such disposition within 10 days thereof. 
  

	12.	RESTRICTED STOCK AND STOCK UNITS 

  

	 	12.1.	Grant of Restricted Stock or Stock Units. 

 The
Board from time to time may grant Restricted Stock or Stock Units to persons eligible to receive Grants under Section 6 hereof, subject to such restrictions, conditions and other terms as the Board may determine. 
  

	 	12.2.	Restrictions. 

 At the time a Grant of Restricted
Stock or Stock Units is made, the Board shall establish a period of time (the “Restricted Period”) applicable to such Restricted Stock or Stock Units. Each Grant of Restricted Stock or Stock Units may be subject to a different Restricted
Period. At the time a Grant of Restricted Stock or Stock Units is made, the Board may, in its sole discretion, prescribe restrictions in addition to or other than the expiration of the Restricted Period, including the satisfaction of corporate or
individual performance objectives, which may be applicable to all or any portion of the Restricted Stock or Stock Units. Subject to Section 15 hereof, the Board also may, in its sole discretion, shorten or terminate the Restricted Period
or waive any other restrictions applicable to all or any portion of the Restricted Stock or Stock Units. Neither Restricted Stock nor Stock Units may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the
Restricted Period or prior to the satisfaction of any other restrictions prescribed by the Board with respect to such Restricted Stock or Stock Units. 
  

	 	12.3.	Restricted Stock Certificates. 

 Promptly after the
Grant Date, the Company shall issue, in the name of each Grantee to whom Restricted Stock has been granted, certificates representing the total number of shares of Restricted Stock granted to such Grantee. The Board may provide in an Award Agreement
that either (i) the Secretary of the Company shall hold such certificates for the Grantee’s benefit until such time as the Restricted Stock is forfeited to the Company or the restrictions lapse, or (ii) such certificates shall be
delivered to the Grantee, provided, however, that such certificates shall bear a legend or legends complying with the applicable securities laws and regulations and making appropriate reference to the restrictions imposed under the Plan and such
Award Agreement. 
  

 - 16 - 

	 	12.4.	Rights of Holders of Restricted Stock. 

 Unless
otherwise provided in the applicable Award Agreement as approved by the Board, holders of shares of Restricted Stock shall have the right to vote such shares of Restricted Stock and the right to receive any dividends declared or paid with respect to
such shares of Restricted Stock. The Board may provide that any dividends paid on Restricted Stock must be reinvested in shares of Stock, which may or may not be subject to the same vesting conditions and restrictions which are applicable to such
Restricted Stock. All distributions, if any, received by a Grantee with respect to Restricted Stock as a result of any stock split, stock dividend, combination of shares or other similar transaction shall be subject to the restrictions applicable to
the original Grant. 
  

	 	12.5.	Rights of Holders of Stock Units. 

 Unless otherwise
provided in the applicable Award Agreement as approved by the Board, holders of Stock Units shall have no rights as stockholders of the Company. The Board may provide in an Award Agreement evidencing a Grant of Stock Units that the holder of such
Stock Units shall be entitled to receive, upon the Company’s payment of a cash dividend on its outstanding shares of Stock, a cash payment for each Stock Unit held equal to the per-share dividend paid on the shares of Stock. Such Award
Agreement may also provide that such cash payment shall be deemed reinvested in additional Stock Units at a price per unit equal to the Fair Market Value of a share on the date that such dividend is paid. 
  

	 	12.6.	Termination of Employment or Other Relationship for a Reason Other than Death or Disability. 

 Unless otherwise provided in the applicable Award Agreement as approved by the Board, upon the termination of a Grantee’s employment or other
relationship with the Company and its Subsidiaries, in either case other than, in the case of individuals, by reason of death or Disability, any Restricted Stock or Stock Units held by such Grantee that have not vested, or with respect to which all
applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited. Upon forfeiture of such Restricted Stock or Stock Units, the Grantee shall have no further rights with respect to such Grant, including, without
limitation, any right to vote such Restricted Stock or any right to receive dividends with respect to Restricted Stock or Stock Units. Whether a leave of absence or leave on military or government service shall constitute a termination of employment
or other relationship for purposes of the Plan shall be determined by the Board, whose determination shall be final, binding and conclusive. For purposes of the Plan, a termination of employment, service or other relationship shall not be deemed to
occur if the Grantee is immediately thereafter employed with the Company, a Subsidiary 

  

 - 17 - 

 
or a Service Provider, or is engaged as a Service Provider or an Outside Director. Whether a termination of a Grantee’s employment or other relationship
with the Company and its Subsidiaries shall have occurred shall be determined by the Board, whose determination shall be final, binding and conclusive. 
  

	 	12.7.	Rights in the Event of Death. 

 If a Grantee dies
while employed by the Company, a Subsidiary or a Service Provider, or while serving as a Service Provider, all Restricted Stock or Stock Units granted to such Grantee shall fully vest on the date of death unless provided otherwise in the applicable
Award Agreement relating to such Restricted Stock or Stock Units as approved by the Board. Upon such vesting, the shares of Stock represented thereby shall be deliverable in accordance with the terms of the Plan to the executors, administrators,
legatees or distributees of the Grantee’s estate. 
  

	 	12.8.	Rights in the Event of Disability. 

 Unless
otherwise provided in the applicable Award Agreement as approved by the Board, if a Grantee’s employment or other relationship with the Company, a Subsidiary or a Service Provider, or service as a Service Provider, is terminated by reason of
the Disability of such Grantee, such Grantee’s then unvested Restricted Stock or Stock Units shall be fully vested. 
  

	 	12.9.	Delivery of Shares and Payment Therefor. 

 Upon the
expiration or termination of the Restricted Period and the satisfaction of any other conditions prescribed by the Board, the restrictions applicable to Restricted Stock or Stock Units shall lapse, and, unless otherwise provided in the applicable
Award Agreement relating to such Restricted Stock or Stock Units as approved by the Board, upon payment by the Grantee to the Company, in cash or by check, of the greater of (i) the aggregate par value of the shares of Stock represented by such
Restricted Stock or Stock Units or (ii) the purchase price, if any, specified in such Award Agreement, a certificate for such shares shall be delivered, free of all such restrictions, to the Grantee or the Grantee’s beneficiary or estate,
as the case may be. In the discretion of the Board, if the purchase price is par value for the Restricted Stock or Stock Units, such purchase price may be deemed paid in consideration for past or future Services rendered to the Company or an
Affiliate. 
  

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	13.	STOCK APPRECIATION RIGHTS 

  

	 	13.1.	Grant of Stock Appreciation Rights. 

 The Board may
from time to time grant SARs to persons eligible to receive grants under Section 6 hereof, subject to the provisions of this Section 13 and to such restrictions, conditions and other terms as the Board may determine.

  

	 	13.2.	Nature of a Stock Appreciation Right. 

 An SAR shall
confer on the Grantee a right to receive, upon exercise thereof, the excess of (x) the Fair Market Value of one share of Stock on the date of exercise over (y) the grant price of the SAR, as determined by the Board. Unless the Board
provides otherwise in the Award Agreement, the grant price of an SAR shall not be less than the Fair Market Value of a share of Stock on the Grant Date. 
  

	 	13.3.	Terms and Conditions Governing SARs. 

 The Board
shall determine at the Grant Date or thereafter (i) the time or times at which and the circumstances under which an SAR may be exercised in whole or in part (including exercise based on achievement of performance objectives or future service
requirements), (ii) the time or times at which and the circumstances under which an SAR shall cease to be exercisable, (iii) the method of exercise, (iv) the method of settlement, (v) the form of consideration payable in
settlement, (vi) whether or not an SAR shall be in tandem or in combination with any other Grant, and (vii) any other terms and conditions of any SAR. 
  

	 	13.4.	Transferability. 

 Except as provided in
Section 13.5 hereof, during the lifetime of a Grantee, only such Grantee (or, in the event of such Grantee’s legal incapacity or incompetency, such Grantee’s guardian or legal representative) may exercise an SAR. Except as
provided in Section 13.5 hereof, no SAR shall be assignable or transferable by the Grantee to whom such SAR is granted, other than by will or the laws of descent and distribution. 
  

	 	13.5.	Family Transfers. 

 To the extent permitted by the
Board and under such terms and conditions as may be imposed by the Board, a Grantee may transfer all or part of an SAR to (i) any Immediate Family Member, (ii) any trust in which Immediate Family Members have more than 50% of the
beneficial interest, (iii) any foundation in which Immediate Family Members (or the Grantee) control the management of the assets or (iv) any other entity in which Immediate Family Members (or the Grantee) own more than 50% of the voting
interests; provided that (a) there may be no consideration for any such transfer, and (b) subsequent transfers of transferred SARs or transfers of an interest in a trust, foundation 

  

 - 19 - 

 
or other entity to which an SAR has been transferred, except those transfers effectuated in accordance with this Section 13.5 or by will or the
laws of descent and distribution, are prohibited. Following such transfer, any such SAR shall continue to be subject to the same terms and conditions that were applicable to such SAR immediately prior to such transfer, provided that, for purposes of
this Section 13.5, the term “Grantee” shall be deemed to refer to the transferee of such SAR. 
  

	14.	UNRESTRICTED STOCK 

 The Board may, in its sole
discretion, grant Stock (or authorize the Company to sell Stock at par value or such other higher purchase price determined by the Board) free of restrictions other than those required under federal or state securities laws (“Unrestricted
Stock”) to persons eligible to receive grants under Section 6 hereof. Unrestricted Stock may be granted or sold as described in the preceding sentence in respect of past services or other valid consideration, or in lieu of
any cash compensation due to the Grantee thereof. 
  

	15.	PERFORMANCE AND ANNUAL INCENTIVE AWARDS 

  

	 	15.1.	Performance Conditions. 

 The right of a Grantee to
exercise or receive a grant or settlement of a Grant, and the timing thereof, may be subject to such performance conditions as may be specified by the Board. The Board may use such business criteria and other measures of performance as it may deem
appropriate in establishing any performance conditions, and may exercise its discretion to reduce the amounts payable under any Award subject to performance conditions, except as limited under Section 15.2 hereof in the case of a
Performance Award or an Annual Incentive Award intended to qualify under Code section 162(m). If and to the extent required under Code section 162(m), any power or authority relating to a Performance Award or an Annual Incentive Award intended to
qualify under Code section 162(m) shall be exercised by the Committee and not the Board. 
  

	 	15.2.	Performance or Annual Incentive Awards Granted to Designated Covered Employees. 

 If and to the extent that the Committee determines that a Performance Award or an Annual Incentive Award to be granted to a Grantee who is designated by the Committee as likely to be a Covered Employee should qualify
as “performance-based compensation” for purposes of Code section 162(m), the grant, exercise and/or settlement of such Performance Award or Annual Incentive Award shall be contingent upon achievement of pre-established performance goals
and other terms set forth in this Section 15.2. The performance goals for such Performance or Annual Incentive Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to each of
such criteria, as specified by the Committee consistent with this 

  

 - 20 - 

 
Section 15.2. Performance goals shall be objective and shall otherwise meet the requirements of Code section 162(m) and regulations thereunder,
including the requirement that the level or levels of performance targeted by the Committee shall result in the achievement of performance goals being “substantially uncertain.” The Committee may determine that such Performance or Annual
Incentive Awards shall be granted, exercised and/or settled upon achievement of any one performance goal or that two or more of the performance goals must be achieved as a condition to grant, exercise and/or settlement of such Performance or Annual
Incentive Awards. Performance goals may differ for Performance or Annual Incentive Awards granted to any one Grantee or to different Grantees. 
 One or more of the following business criteria for the Company, on a consolidated basis, and/or specified subsidiaries, business units or business lines of the Company (except with respect to the total stockholder return and earnings
per share criteria), shall be used exclusively by the Committee in establishing performance goals for such Performance or Annual Incentive Awards: (i) total stockholder return; (ii) such total stockholder return as compared to total return
(on a comparable basis) of a publicly available index such as, but not limited to, the Standard & Poor’s 500 Stock Index; (iii) net income; (iv) pretax earnings; (v) earnings before interest expense and taxes;
(vi) earnings before interest expense, taxes, depreciation and amortization and/or other items designated by the Committee; (vii) pretax operating earnings after interest expense and before bonuses, service fees, and extraordinary or
special items; (viii) operating margin; (ix) earnings per share; (x) return on equity; (xi) return on capital; (xii) return on investment; (xiii) operating earnings; (xiv) working capital; (xv) revenue;
(xvi) financial ratios as provided in the Company’s credit agreements; (xvii) minimum cash and cash equivalents, whether restricted or unrestricted; (xviii) cash flow, including operating cash flow, free cash flow, cash flow
return on equity and cash flow return on investment; (xix) working capital targets; (xx) completion of acquisitions of businesses or companies; (xxi) completion of divestitures and asset sales; (xxii) cost savings in connection
with acquisitions of businesses or companies; and (xxiii) any combination of the foregoing business criteria.  
 Performance
goals shall be established not later than the earlier of (i) 90 days after the beginning of any performance period applicable to such Performance or Annual Incentive Awards and (ii) the day on which 25% of any performance period applicable
to such awards has expired, or at such other date as may be required or permitted for “performance-based compensation” under Code section 162(m). The Committee may establish a Performance Award or an Annual Incentive Award pool, which
shall be an unfunded pool, for purposes of measuring Company performance in connection with Performance or Annual Incentive Awards. Settlement of such Performance or Annual Incentive Awards shall be in cash, Stock, other Awards or other property, in
the discretion of the Committee. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance or Annual Incentive Awards. The Committee shall specify the circumstances in which such
Performance or Annual Incentive Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a performance period or settlement of Performance Awards. 
  

 - 21 - 

	 	15.3.	Written Determinations. 

 All determinations by the
Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual Performance Awards and as to the achievement of performance goals relating to Performance Awards, and the amount of any Annual
Incentive Award pool or potential individual Annual Incentive Awards and the amount of final Annual Incentive Awards, shall be made in writing in the case of any Award intended to qualify under Code section 162(m). To the extent required to comply
with Code section 162(m), the Committee may delegate any responsibility relating to such Performance Awards or Annual Incentive Awards. 
  

	 	15.4.	Status of Section 15.2 Awards Under Code Section 162(m). 

 It is the intent of the Company that Performance Awards and Annual Incentive Awards under Section 15.2 hereof which are granted to persons who are designated by the Committee as likely to be Covered
Employees within the meaning of Code section 162(m) and regulations thereunder shall, if so designated by the Committee, constitute “qualified performance-based compensation” within the meaning of Code section 162(m) and regulations
thereunder. Accordingly, the terms of Section 15.2, including the definitions of Covered Employee and other terms used therein, shall be interpreted in a manner consistent with Code section 162(m) and regulations thereunder. The
foregoing notwithstanding, because the Committee cannot determine with certainty whether a given Grantee will be a Covered Employee with respect to a fiscal year that has not yet been completed, the term Covered Employee as used herein shall mean
only a Person designated by the Committee, at the time of grant of a Performance Award or an Annual Incentive Award, as likely to be a Covered Employee with respect to that fiscal year. If any provision of the Plan or any agreement relating to such
Performance Award or Annual Incentive Award does not comply or is inconsistent with the requirements of Code section 162(m) or regulations thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such
requirements or regulations. 
  

	16.	PARACHUTE LIMITATIONS 

 If the Grantee is a
“disqualified individual” (as defined in Code section 280G(c)), any Grant and any other right to receive any payment or benefit under the Plan shall not vest or become exercisable (i) to the extent that the right to vest or any other
right to any payment or benefit, taking into account all other rights, payments or benefits to or for the Grantee, would cause any payment or benefit to the Grantee under the Plan to be considered a “parachute payment” within the meaning
of Code section 280G(b)(2) as then in effect (a “Parachute Payment”) and (ii) if, as a result of receiving a Parachute Payment, the aggregate after-tax amounts received by the Grantee from the Company under any Award Agreements, the
Plan and all other rights, payments or benefits to or for the 

  

 - 22 - 

 
Grantee would be less than the maximum after-tax amount that could be received by the Grantee without causing the payment or benefit to be considered a
Parachute Payment. In the event that, but for the provisions of this Section 16, the Grantee would be considered to have received a Parachute Payment under any Award Agreements that would have the effect of decreasing the after-tax
amount received by the Grantee as described in clause (ii) of the preceding sentence, then the Grantee shall have the right, in the Grantee’s sole discretion, to designate any rights, payments or benefits under any Award Agreements, the
Plan, any other agreements and any benefit arrangements to be reduced or eliminated so as to avoid having the payment or benefit to the Grantee under any Award Agreements be deemed to be a Parachute Payment; provided, however, that in order to
comply with Code section 409A, the reduction or elimination will be performed in the order in which each dollar of value subject to an Award reduces the Parachute Payment to the greatest extent practicable. 
  

	17.	TERMINATION FOR CAUSE 

 If a Grantee’s
employment with the Company or an Affiliate is terminated for Cause (as defined in this Section 17), all vested and unvested Options and SARs held by the Grantee shall terminate immediately. In addition, upon a termination for Cause, the
Grantee shall forfeit to the Company an amount equal to the aggregate gain the Grantee recognized pursuant to the vesting or exercise of Grants during the twelve (12) month period preceding the Grantee’s termination of employment (the
“Look-back Period”). For this purpose, the aggregate gain recognized by the Grantee shall be equal to the sum of the following: (i) the aggregate spread value of all Options and SARs exercised by the Grantee (including Options and
SARs exercised by a family member or family trust) during the Look-back Period, in which the spread value is the difference between the Fair Market Value of the Stock on the date of the Option or SAR exercise and the Option Price or SAR exercise
price; (ii) the aggregate value of all shares of Restricted Stock owned by the Grantee that vested during the Look-back Period, minus the purchase price, if any, of such shares of Restricted Stock; and (iii) the aggregate value of all
shares of Stock or cash delivered to the Grantee pursuant to Grants of Stock Units or Unrestricted Stock during the Look-back Period. “Cause” means, as determined by the Board and unless otherwise provided in an applicable employment
agreement between the Grantee and the Company or an Affiliate (whether or not such employment agreement is effective before the Effective Date), (a) the Grantee’s gross negligence or willful misconduct in connection with the performance of
the Grantee’s duties, (b) the Grantee’s conviction of a criminal offense (other than minor traffic offenses) or (c) the Grantee’s material breach of any term of any employment, consulting or other services, confidentiality,
intellectual property or non-competition agreement between the Grantee and the Company or an Affiliate. Any amount required to be paid by the Grantee to the Company pursuant to this Section 17 shall be reduced by any amount repaid by the
Grantee to the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 
  

 - 23 - 

	18.	REQUIREMENTS OF LAW 

  

	 	18.1.	General. 

 The Company shall not be required to sell
or issue any shares of Stock under any Grant if the sale or issuance of such shares of Stock would constitute a violation by the Grantee, any other Person exercising a right emanating from such Grant, or the Company of any provision of any law or
regulation of any governmental authority, including, without limitation, any federal or state securities laws or regulations. If at any time the Board shall determine, in its sole discretion, that the listing, registration or qualification of any
shares of Stock subject to a Grant on The NASDAQ Stock Market LLC or any other securities exchange or under any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance or purchase of shares of
Stock hereunder, no shares of Stock may be issued or sold to the Grantee or any other Person exercising a right emanating from such Grant unless such listing, registration, qualification, consent or approval shall have been effectuated or obtained
free of any conditions not acceptable to the Company, and any delay caused thereby shall in no way affect the date of termination of the Grant. Without limiting the generality of the foregoing, upon the exercise of any Option or any SAR that may be
settled in shares of Stock or the delivery of any Restricted Stock or shares of Stock underlying Stock Units, unless a registration statement under the Securities Act is in effect with respect to the shares of Stock covered by such Grant, the
Company shall not be required to sell or issue such shares of Stock unless the Board has received evidence satisfactory to it that the Grantee or any other Person exercising a right emanating from such Grant may acquire such shares of Stock pursuant
to an exemption from registration under the Securities Act. Any such determination by the Board shall be final, binding and conclusive. The Company may, but shall in no event be obligated to, register any securities covered hereby pursuant to the
Securities Act. The Company shall not be obligated to take any affirmative action in order to cause the exercise of an Option or an SAR or the issuance of shares of Stock pursuant to the Plan to comply with any law or regulation of any governmental
authority. As to any jurisdiction that expressly imposes the requirement that an Option (or SAR that may be settled in shares of Stock) shall not be exercisable until the shares of Stock covered by such Option (or SAR) are registered or are exempt
from registration, the exercise of such Option (or SAR) under circumstances in which the laws of such jurisdiction apply shall be deemed conditioned upon the effectiveness of such registration or the availability of such an exemption. 
  

	 	18.2.	Rule 16b-3. 

 During any time when the Company has a
class of equity security registered under Section 12 of the Exchange Act, it is the intent of the Company that Grants pursuant to the Plan and the exercise of Options and SARs granted hereunder shall qualify for the exemption provided by Rule
16b-3 under the Exchange Act. To the extent that any provision of the Plan or action by the Board does not comply with the requirements of Rule 16b-3, such provision or action shall be deemed inoperative to the extent permitted 

  

 - 24 - 

 
by law but only if deemed advisable by the Board, and shall not affect the validity of the Plan. In the event that Rule 16b-3 is revised or replaced, the
Board may exercise its discretion to modify the Plan in any respect necessary to satisfy the requirements of, or to take advantage of any features of, the revised exemption or its replacement. Those provisions of the Plan that make express reference
to Rule 16b-3 under the Exchange Act shall apply only to Reporting Persons of the Company. 
  

	19.	AMENDMENT AND TERMINATION OF THE PLAN 

 The Board
may amend, suspend or terminate the Plan as to any shares of Stock as to which Grants have not been awarded. Except as permitted under Section 20 hereof, no amendment, suspension or termination of the Plan shall alter or impair any
rights or obligations under any Grant previously awarded under the Plan. However, with the consent of the Grantee, the Board may amend any outstanding Award Agreement in a manner not inconsistent with the Plan. Amendments to the Plan not requiring
stockholder approval shall become effective when the Board adopts such amendments. Unless otherwise determined by the Board, amendments requiring stockholder approval shall become effective when the Board adopts such amendments, but no Incentive
Stock Option issued after the date of any such amendment may be exercised (unless the Option could have been exercised without regard to the amendment) unless and until such amendment shall have been approved by the Company’s stockholders. If
such stockholder approval is not obtained within one year after the Board’s adoption of such amendment, any Incentive Stock Option granted on or after the date of such amendment shall be canceled to the extent that such amendment to the Plan
was required to enable the Company to grant such Incentive Stock Option. No awards shall be made after termination of the Plan. 
  

	20.	EFFECT OF CHANGES IN CAPITALIZATION 

  

	 	20.1.	Capitalization Change. 

 Subject to
Section 20.2 hereof, if there is a Capitalization Change, (i) a proportionate adjustment shall be made in the number and kind of shares which may be delivered under Section 4 hereof and in the Grant limits under
Section 4 hereof and (ii) such adjustment shall be made in the number and kind of and price of shares subject to outstanding Grants as may be determined to be appropriate and equitable by the Board, in its sole discretion, to
prevent dilution or enlargement of existing rights. Without limiting the generality of the foregoing, the Company shall adjust the number of shares of Stock subject to outstanding Grants and shall use its reasonable efforts otherwise to adjust such
outstanding Grants so that the proportionate interest of the holder of such Grants immediately after a Capitalization Change shall be substantially the same as immediately before such Capitalization Change. Any adjustment in outstanding Grants shall
not change the aggregate exercise price, if any, payable with respect to shares subject to the 

  

 - 25 - 

 
unexercised portion of such Grants, but shall include a proportionate adjustment in the exercise price per share of such Grants. In making adjustments under
this Section 20.1, the Company shall follow the rules of Code section 424(a) and the regulations under that section (whether or not any Option is an Incentive Stock Option). 
  

	 	20.2.	Reorganizations in Which the Company is the Surviving Corporation not Involving a Change of Ownership. 

 If the Company is the surviving corporation in any reorganization, merger or consolidation that is not a Corporate Transaction, any Option or SAR granted
under the Plan shall apply to the securities that a holder of the number of shares of Stock subject to such Option or SAR would have been entitled to receive immediately following the transaction if the Grantee had exercised such Option or SAR in
full immediately before the transaction, with an adjustment of the Option Price of such Option or exercise price per share of such SAR so that the aggregate exercise price of such Option or SAR shall not change. In making adjustments under this
Section 20, the Company shall follow the rules of Code section 424(a) and the regulations under that section (whether or not the Option is an Incentive Stock Option) and Code section 409A and the regulations thereunder. In the event of a
transaction described in this Section 20.2, Stock Units shall be adjusted so as to apply to the securities that a holder of the number of shares of Stock subject to the Stock Units would have been entitled to receive immediately
following such transaction. 
  

	 	20.3.	Reorganization in Which the Company is not the Surviving Corporation or Involving a Change of Ownership; Sale of Assets or Stock. 

 Upon the occurrence of any Corporate Transaction, the Plan and all outstanding Options and SARs shall terminate, unless the Company or its Successor
agrees in writing in connection with the Corporate Transaction to continue the Plan and/or to assume the Options and SARs or to substitute new Options and SARs covering the capital stock of a Successor and to make appropriate equitable adjustments
in the number and kind of shares covered by the Options and SARs and the exercise prices of the Options and SARs, in which event the Plan, Options and SARs shall continue on such basis. If the Options, SARs and the Plan are terminated under this
Section 20: (i) the vesting of all outstanding Options and SARs shall be accelerated as if each individual holding an outstanding Option or SAR had been employed or provided services for an additional twelve (12) months at the
time of such termination; and (ii) each individual holding an outstanding Option or SAR shall be entitled to exercise such Option or SAR, to the extent such Option or SAR is vested, for at least 30 days before the Option or SAR terminates,
except that the Board may impose reasonable limitations on a Grantee’s right to exercise an unvested Option or SAR to the extent necessary to avoid the penalty tax that Code section 4999 imposes on excess parachute payments. The Board may
provide for additional accelerated vesting in the event of a termination under this Section 20 in an Award Agreement or an applicable employment agreement between the Grantee and the 

  

 - 26 - 

 
Company or an Affiliate (whether or not such employment agreement is effective before the Effective Date). The Board shall send written notice of a Corporate
Transaction that will result in such a termination to all individuals who hold Options or SARs not later than the time when the Company mails notice of the proposed transaction to its stockholders. Unvested shares of Restricted Stock and unvested
Stock Units shall not become vested or forfeited in the case of a Corporate Transaction unless otherwise provided in the Award Agreement with respect to such shares of Restricted Stock or Stock Units or in an applicable employment agreement between
the Grantee and the Company or an Affiliate (whether or not such employment agreement is effective before the Effective Date). The treatment of Performance and Annual Incentive Awards in the case of a Corporate Transaction shall be set forth in the
applicable Award Agreement. 
  

	 	20.4.	Adjustments. 

 The Board shall make the adjustments
to the Stock or securities under this Section 20, and the Board’s reasonable determination in that respect shall be final, binding and conclusive. Neither the Company nor any Successor shall be required to issue any fractional
shares of Stock or units of other securities, and any fractions resulting from any adjustment shall be eliminated in each case by rounding upward to the nearest whole share or unit (except that such rounding shall be downward in the case of an
Incentive Stock Option). 
  

	 	20.5.	No Limitations on Company. 

 The
awarding of Grants pursuant to the Plan shall not affect or limit in any way the Company’s right or power to make adjustments, reclassifications, reorganizations or changes of the Company’s capital or business structure or to merge,
consolidate, dissolve or liquidate, or to sell or transfer all or any part of the Company’s business or assets, without the consent of any Grantee. 
  

	21.	DISCLAIMER OF RIGHTS 

 No provision in the Plan or
in any Grant or Award Agreement shall be construed to confer upon any individual the right to remain in the employ or service of the Company or any Affiliate thereof, or to interfere in any way with any contractual or other right or authority of the
Company, a Subsidiary or a Service Provider either to increase or decrease the compensation or other payments to any Grantee at any time, or to terminate any employment or other relationship between any Grantee and the Company or any Affiliate
thereof. In addition, notwithstanding anything contained in the Plan to the contrary, unless otherwise stated in the applicable Award Agreement or employment agreement, no Grant awarded under the Plan shall be affected by any change of duties or
position of the Grantee, so long as such Grantee continues to be a director, officer, consultant or employee of the Company or a Subsidiary. The obligation of the Company to pay any benefits pursuant to the Plan shall be interpreted as a contractual
obligation to 

  

 - 27 - 

 
pay only those amounts described herein, in the manner and under the conditions prescribed herein. The Plan shall in no way be interpreted to require the
Company to transfer any amounts to a third-party trustee or otherwise hold any amounts in trust or escrow for payment to any participant or beneficiary under the terms of the Plan. No Grantee shall have any of the rights of a stockholder with
respect to the shares of Stock subject to an Option or SAR except to the extent such shares of Stock shall have been issued upon the exercise of such Option or SAR. 
  

	22.	NONEXCLUSIVITY OF THE PLAN 

 Neither the adoption of
the Plan nor the submission of the Plan to the stockholders of the Company for approval shall be construed as creating any limitations upon the right and authority of the Board to adopt such other incentive compensation arrangements (which
arrangements may be applicable either generally to a class or classes of individuals or specifically to a particular individual or particular individuals) as the Board in its discretion determines desirable, including, without limitation, the
granting of Stock options otherwise than under the Plan. 
  

	23.	WITHHOLDING TAXES 

 The Company or a Subsidiary, as
the case may be, shall have the right to deduct from payments of any kind otherwise due to a Grantee any federal, state or local taxes of any kind required by law to be withheld with respect to the vesting of or other lapse of restrictions
applicable to Restricted Stock or Stock Units or upon the exercise of an Option or SAR or the grant of Unrestricted Stock. At the time of such vesting, lapse or exercise, the Grantee shall pay to the Company or such Subsidiary, as the case may be,
any amount that the Company or such Subsidiary may reasonably determine to be necessary to satisfy such withholding obligation. Subject to the prior approval of the Company or such Subsidiary, which may be withheld by the Company or such Subsidiary,
as the case may be, in its sole discretion, the Grantee may elect to satisfy such obligations, in whole or in part, (i) by causing the Company or such Subsidiary to withhold shares of Stock otherwise issuable to the Grantee or (ii) by
delivering to the Company or such Subsidiary shares of Stock already owned by the Grantee. The shares of Stock so delivered or withheld shall have an aggregate Fair Market Value equal to such withholding obligations. The Fair Market Value of the
shares of Stock used to satisfy such withholding obligation shall be determined as of the date that the amount of tax to be withheld is to be determined. A Grantee who has made an election pursuant to this Section 23 may satisfy such
Grantee’s withholding obligation only with shares of Stock that are not subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirements. The maximum number of shares of Stock that may be withheld from any award to
satisfy any federal, state or local tax withholding requirements upon the exercise, vesting, lapse of restrictions applicable to such award or payment of shares pursuant to such award, as applicable, may not exceed such number of shares having a
Fair Market Value equal to the minimum statutory amount required by the Company to be withheld and paid to any such federal, state or local taxing authority with respect to such exercise, vesting, lapse of restrictions or payment of shares.

  

 - 28 - 

	24.	CAPTIONS 

 The use of captions in the Plan or any
Award Agreement is for convenience of reference only and shall not affect the meaning of any provision of the Plan or such Award Agreement. 
  

	25.	OTHER PROVISIONS 

 Each Grant awarded under the Plan
may contain such other terms and conditions not inconsistent with the Plan as may be determined by the Board, in its sole discretion. 
  

	26.	NUMBER AND GENDER 

 With respect to words used in
this Plan, the singular form shall include the plural form and, the masculine gender shall include the feminine gender, as the context requires. 
  

	27.	SEVERABILITY 

 If any provision of the Plan or any
Award Agreement shall be finally determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions
shall remain enforceable in any other jurisdiction. 
  

	28.	GOVERNING LAW 

 The validity and construction of the
Plan and the instruments evidencing the Grants awarded hereunder shall be governed by the laws of the State of Delaware (without giving effect to the choice of law provisions thereof), other than any conflicts or choice of law rule or principle that
might otherwise refer construction or interpretation of this Plan and the instruments evidencing the Grants hereunder to the substantive laws of any other jurisdiction. 
  

	29.	CODE SECTION 409A 

 The Board intends to comply with
Code section 409A, or an exemption to Code section 409A, with regard to awards hereunder that constitute nonqualified deferred compensation within the meaning of Code section 409A. To the extent that the Board determines that a Grantee would be
subject to the additional 20% tax imposed on certain nonqualified deferred compensation plans pursuant to Code section 409A as a result of any provision of any award granted under this Plan, such provision shall be deemed amended to the minimum
extent necessary to avoid application of such additional tax. The nature of any such amendment shall be determined by the Board. 
 * * * *

  

 - 29 - 

 The Plan was duly adopted and approved by the Board of Directors of the Company as of October 29,
2002. The Plan was amended and restated effective October 28, 2003 and, as amended and restated effective October 28, 2003, was duly approved by the stockholders of the Company on December 18, 2003. The Plan was amended and restated
effective on November 7, 2006, on February 6, 2008 and on August 5, 2009. 
  

	
	
	/s/ J. Thomas Mullis
	Secretary

  

 - 30 -Settlement Agreement dated as of September 10, 2009

 Exhibit 10.1 
 SETTLEMENT AGREEMENT BETWEEN AND AMONG 
 GMCo/MLC-IUE-CWA AND USW 
 REGARDING RETIREE HEALTH CARE, LIFE INSURANCE, 
 PENSION TOP-UP, AND MODIFICATION 
 AND GMCO ASSUMPTION OF MLC-IUE-CWA CBA 
 This Settlement Agreement (together with the Exhibits hereto, the “Settlement Agreement”), is between General Motors Company
(“GMCo”), Motors Liquidation Company (“MLC” formerly known as General Motors Corporation), the IUE-CWA, the Industrial Division of the Communications Workers of America, AFL-CIO,CLC (“IUE-CWA”) and the United Steel,
Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO,CLC (“USW”). The IUE-CWA and USW also enter into this Settlement Agreement as the authorized representative, as defined
in Section 1114(c)(1) of Title 11 of the United States Code (the “Bankruptcy Code”), of those persons receiving retiree benefits, as defined in Section 1114(a) of the Bankruptcy Code, pursuant to collectively bargained plans,
programs and/or agreements between MLC and the IUE-CWA or the USW (or an IUE-CWA or USW predecessor) and who are members of the Covered Group, as defined herein. Collectively, the IUE-CWA, the USW, GMCo, MLC and the Covered Group are referred to as
the “Parties.” 
 MLC agreed to provide certain retiree medical benefits in various collectively bargained agreements with the
IUE-CWA and the USW. MLC, the IUE-CWA and the Class entered into a settlement agreement in the class action of IUE-CWA, et al. v. General Motors Corp., No. 2:06-cv-12151 (E.D. Mich) (“Combs”). Subsequent to entering those
collective bargaining agreements and the class settlement agreement (the “Combs Settlement”), MLC commenced a case under Chapter 11 of the Bankruptcy Code entitled In Re General Motors Corp., et al., No. 09-050026 (REG)
(“MLC Chapter 11 Case”) in the U.S. Bankruptcy Court (S.D. N.Y.) (the “Bankruptcy Court”). Pursuant to an Order of the Bankruptcy Court, GMCo purchased substantially all of the assets of MLC. 
 The IUE-CWA and the USW assert, and GMCo and MLC deny, that GMCo and/or MLC are required to continue to provide retiree medical benefits in accordance
with those collective bargaining agreements and the class settlement agreement and, further, to provide certain pension benefit guarantees in accordance with collectively bargained memorandums of understanding regarding establishment or
restructuring of Delphi Corporation (“Delphi”). GMCo maintains that it is not obligated to assume or to continue to abide by the MLC collective bargaining agreements with the IUE-CWA or the USW, the Combs Settlement or the Delphi
restructuring memorandums of understanding. MLC maintains that it is entitled to cancel or terminate all obligations arising from collective bargaining agreements between MLC and the IUE-CWA or the USW. After due consideration of the factual and
legal arguments regarding these issues, as well as the costs, risks, and delays associated with litigating these issues, GMCo, MLC and the IUE-CWA and USW have agreed to resolve all claims regarding such matters on the basis set forth in this
Settlement Agreement. 
  

	1.	 Pension Top-Up: In the event that pension benefits received by a retired Covered Employee from the PBGC, or a combination of the PBGC, Delphi or another
entity (including a Delphi Divested Unit), as a consequence of termination of the Delphi Hourly Retirement Plan 

  

 Page 1 of 15 

	 	 
(“Delphi HRP”), referred to herein as “Insured Pension Payments,” are less than what otherwise would have been received by the retired
Covered Employee from the Delphi HRP according to plan terms as of July 22,2009, GMCo will provide supplemental payments to such retired Covered Employee so that when combined with the Insured Pension Payments such retired Covered Employee will
receive pension benefits equal to what otherwise would have been paid by the Delphi HRP according to plan terms. For the avoidance of doubt, by this provision GMCo agrees to pay benefits to the retired Covered Employee equal to the difference
between the amount of Insured Pension Payments and the amount of benefits that would have been paid by the Delphi HRP according to its terms had it not been terminated. 

  

	 	a.	Covered Employee shall mean those IUE-CWA or USW represented Delphi employees who had unbroken seniority and were employed by GM under the terms of the 1996 GM-IUE-CWA or GM-USW
National Agreement as of the spin-off of Delphi from GM on May 28,1999 who were not employed under a competitive wage agreement as of May 28, 1999, i.e., Tier II or Tier III employees; provided however, that IUE-CWA or USW represented
employees who were employed as of May 28,1999 and were initially hired under a competitive wage agreement that provided for them to grow into full parity for all purposes, including but not limited to all benefit participation on the same basis
as non-competitive hire employees and the ability to grow into full wage parity, are also Covered Employees. It is understood that employees represented by Splinter Unions as hereafter defined are not eligible for the Pension Top-Up regardless of
their election to participate in the retiree health care and life insurance coverages contemplated by this Settlement Agreement. 

  

	 	b.	A Covered Employee will be entitled to the Pension Top-Up only with respect to a retirement under Article II, Section 1 (Normal Retirement), Section 2 (Early Retirement)
or Section 3 (Total and Permanent Disability Retirement) of the Delphi HRP. A Covered Employee receiving only a deferred vested benefit under ArticleVII, Section 2 (Retention of Deferred Pension if Separated) as a former employee is not
entitled to the Pension Top-Up. 

  

	 	c.	In consideration of the commitments described in this paragraph 1, in the Chapter 11 bankruptcy case of In re Delphi Corporation, et al., Case No. 05-44481 (RDD), the
IUE-CWA and USW agree to withdraw their objections (Docket No. 17793 and No.18258) and waive any further objections to the First Amended Joint Plan Of Reorganization Of Delphi Corporation And Certain Affiliates, Debtors And
Debtors-In-Possession (As Modified) submitted by the Debtors on June 1, 2009 (as further modified) (the “Modified Plan”) or Delphi’s motion to approve the Modified Plan (Docket No. 16646). Further, the IUE-CWA and USW agree
to waive any Seller U.S. CBA restrictions to the proposed sale of operations, including Document 63 (IUE-CWA) and Document 53 (USW), to the extent necessary to accomplish the Modified Plan. 

  

	2.	Up-To-7 Years Accrual: GMCo agrees to amend the GMCo General Motors Hourly-Rate Employees Pension Plan (“GMCo HRP”) to provide the following:

  

 Page 2 of 15 

	 	a.	Covered Employees, who were Delphi employees as of November 30, 2008, the date that Delphi froze the Delphi HRP (the “Freeze Date”), or Covered Employees who were
employed as of the Freeze Date at a Delphi operation divested after October 8, 2005 and prior to the Freeze Date (“Delphi Divested Operation”) will be eligible to accrue credited service under the GMCo HRP for all purposes, including
but not limited to eligibility, vesting, and future benefit accruals for the seven (7) year period commencing on the Freeze Date. Any such benefits provided by the GMCo HRP shall be at the level and scope in effect at Delphi on July 22,
2009 (the “Up-to-7-Effective Date”) and shall be secondary to benefits provided by Delphi, the Delphi HRP, any Delphi Divested Operation or any benefit plan of such operation, any of their subsidiaries, affiliates or successors or
associated pension plans, and/or the Pension Benefit Guarantee Corporation (“PBGC”). In no event shall the GMCo HRP provide pension benefits on such credited service at a level and scope that exceeds that being provided to hourly retirees
of GMCo. The amount of such credited service accrued will equal: 

  

	 	i.	The amount of credited service that, but solely for Delphi Freezing the Delphi HRP, would have been earned after the Freeze Date under Article III of the Delphi HRP in effect on the
Up-to-7-Effective Date; and 

  

	 	ii.	To the extent not taken into account in Paragraph 2(a)(i), above, the amount of credited service that, but solely for the Freeze and divestiture, would have been earned while
working after the Freeze Date at any Delphi Divested Operation under Article III of the Delphi HRP in effect on the Up-To-7-Effective Date. 

 Nothing in this Settlement Agreement shall be deemed to require GMCo to grant credited service beyond that described in this Paragraph 2(a). Employees shall be provided only the amount of credited service earned as
described in this Paragraph 2(a), and shall not receive credited service otherwise. It is understood that employees represented by Splinter Unions as hereafter defined are not eligible for the Up-To-7 Years Accrual regardless of their election to
participate in the retiree health care and life insurance coverages or other aspects contemplated by this Settlement Agreement. 
  

	 	b.	In regard to the credited service accrued in the GMCo HRP under Paragraph 2(a) of this Settlement Agreement, the GMCo HRP will recognize Delphi HRP credited service accrued prior to
the Freeze Date for purposes of vesting and eligibility to retire for any Covered Employee. No other Delphi HRP credited service will be recognized by the GMCo HRP. 

  

	 	c.	The GMCo HRP benefit payable to a Covered Employee, who retires as a Normal Retirement under and as defined by Article II, section 1 of the Delphi HRP and GMCo HRP, will be a Basic
Benefit (as defined according to the GMCo HRP) and based on GMCo HRP credited service accrued under Paragraph 2(a) of this Settlement Agreement and the rates in effect under the Delphi HRP as of the Up-To-7-Effective Date. 

 

 Page 3 of 15 

	 	d.	The GMCo HRP benefit payable to a Covered Employee, who retires under Article II, section 2(a)(3) of the Delphi HRP and GMCo HRP with a combined 30 or more years of credited service
prior to age 62 and one month, will be a Basic Benefit payable beginning at age 62 and one month based on the number of years of credited service accrued under the GMCo HRP under Paragraph 2(a) of this Settlement Agreement and the rates in effect
under the Delphi HRP as of the Up-To-7-Effective Date. 

  

	 	e.	The GMCo HRP benefit payable to a Covered Employee, who retires under the Delphi HRP and GMCo HRP prior to age 65 with a combined 85 Points or at least age 60 with 10 or more years
of credited service, under Article II, section 2(a)(l) or 2(a)(2) of the Delphi HRP and GMCo HRP or as a Total and Permanent Disability retirement under Article II, section 3 of the Delphi HRP approved by Delphi or the PBGC pursuant to the
procedures applicable to the Delphi HRP as of the date immediately preceding the Up-To-7-Effective Date and approved by GMCo under the procedures applicable to the GMCo HRP, or for IUE-CWA Covered Employees the Kettering Ohio, Moraine Ohio and
Anaheim California plants only, and for USW Covered Employees of the Home Avenue plant only (including those who transfer in accordance with their seniority to the Vandalia plant in conjunction with cessation of operations at the Home Avenue plant)
as a retirement under mutually satisfactory conditions pursuant to Article II, section 2(b) of the Delphi HRP, will consist of the following: 

  

	 	i.	the Basic Benefit based on the number of years of credited service accrued under the GMCo HRP under Paragraph 2(a) of this Settlement Agreement, age at time of retirement, and the
rates in effect under the Delphi HRP as of the Up-To-7-Effective Date. Such benefits from the GMCo HRP are payable beginning upon the date of retirement and will be re-determined, if applicable, at age 62 and one month, under the terms of the Delphi
HRP in effect as of the Up-To-7-Effective Date; and 

  

	 	ii.	if applicable, an interim supplement based on the rates in effect under the Delphi HRP as of the Up-To-7-Effective Date for the number of years of credited service accrued under the
GMCo HRP under Paragraph 2(a) of this Settlement Agreement and age at time of retirement. The duration of such interim supplement is modified as set forth in the letter in the Delphi HRP entitled Social Security. 

  

	 	iii.	if applicable, a temporary benefit based on the rates in effect under the Delphi HRP as of the Up-To-7-Effective Date for the number of years of credited service accrued under the
GMCo HRP under Paragraph 2(a) of this Settlement Agreement. Provided, however, that such number of years of credited service when added to the number of years of credited service in the Delphi HRP will not exceed 30. The duration of such temporary
benefit is modified as set forth in the letter in the Delphi HRP entitled Social Security. 

  

 Page 4 of 15 

	 	f.	Any Covered Employee who, after considering: i) the credited service accrued in the GMCo HRP under Paragraph 2(a) of this Settlement Agreement; ii) the Delphi HRP credited service
recognized in the GMCo HRP for eligibility to retire under Paragraph 2(b) of this Settlement Agreement; and iii) age at retirement or separation from service from Delphi, or any Delphi Divested Operation, is not eligible for retirement under the
GMCo HRP as described in Paragraph 2(c), 2(d), or 2(e) of this Settlement Agreement, will receive only a deferred vested benefit from the GMCo HRP based on the years of credited service accrued under the GMCo HRP under Paragraph 2(a) of this
Settlement Agreement. The Basic Benefit will be based on the number of years of credited service accrued under the GMCo HRP under Paragraph 2(a) of this Settlement Agreement, age at time of benefit commencement, and the rates in effect under the
Delphi HRP as of the Up-To-7-Effective Date. Neither GMCo, nor the GMCo HRP, will have any obligation to supplement the deferred vested amounts set forth above. 

  

	 	g.	For the avoidance of doubt, for the purposes of Paragraph 2 of this Settlement Agreement for Covered Employees who have not retired or separated from service from Delphi, GMCo, or
any Delphi Divested Operation, the GMCo HRP will continue to recognize the growth in age of such Covered Employees during the period they are considered an active employee with seniority in the Delphi HRP. For purposes of such recognition of growth
in age in the GMCo HRP, such Covered Employees will not be considered by the GMCo HRP to have separated from service from GM on a “time for time” basis during the period they are considered an active participant in the Delphi HRP. A
Covered Employee shall be deemed an active participant in the Delphi HRP, other than for purposes of future benefit accruals and subject to the other terms of the Delphi HRP in effect and to the extent permitted by law, for all periods on or after
the Freeze Date and prior to retirement or separation from service from Delphi, any Delphi Divested Operation, MLC, or GMCo. 

  

	3.	 Claims in MLC’s Chapter 11 Case: The IUE-CWA, USW and all Splinter Unions (as hereafter defined) that agree to applicable terms in this Settlement
Agreement shall be granted an allowed prepetition unsecured claim in MLC’s Chapter 11 Case in the amount of one billion dollars with respect to retiree health and life insurance benefits for the post-age-65 retirees, post-age-65 surviving
spouses and under-age-65 retirees or surviving spouses disqualified for Retiree Health Care Benefits due to Medicare eligibility who are represented by IUE-CWA, USW and the Splinter Unions (the “Allowed Claim”). Age for purposes of the
preceding sentence shall be determined as of December 31, 2009. The Allowed Claim shall be in full settlement, satisfaction and discharge of all claims against MLC and its affiliates and their present and former officers and directors by the
IUE-CWA, USW and the Splinter Unions or any employees, retirees or other persons or beneficiaries represented by or subject to agreements entered by such unions with MLC (the “Splinter Claims”) against MLC and its affiliates and their
respective officers, directors. Upon approval of this Settlement Agreement by the Bankruptcy Court, any and all Splinter Claims shall be withdrawn, released and dismissed with prejudice and the IUE-CWA, USW and the Splinter Unions shall promptly
take all such action necessary or required to effectuate the foregoing, including providing releases to MLC. Any funds resulting from the Allowed Claim shall be distributed in a manner as authorized by the Bankruptcy Court. To the extent approved by

  

 Page 5 of 15 

	 	 
the Bankruptcy Court, MLC agrees that the IUE-CWA, USW, and the Splinter Unions have a right to sell, assign or transfer their respective Allowed Claim as
they deem appropriate at any time. 

  

	4.	Retiree Health Care Benefits - On and After July 10, 2009 and Through December 31, 2009. For claims incurred on and after July 10, 2009 and through
December 31, 2009, retiree health care for eligible IUE-CWA or USW retirees will be provided in accordance with the terms of the MLC Health Care Program for Hourly Employees (the “MLC Plan”) as applicable to retiree members of the
Covered Group as it existed on July 10, 2009. The claims described in this Paragraph 4 shall be paid by either GMCo or MLC as may be determined between GMCo and MLC. As of January 1, 2010, all obligations by either GMCo or MLC to provide
retiree health care in accordance with the GM Hourly Plan shall cease and be forever terminated. A claim is deemed incurred for purposes of this Section as of the date treatment is provided, regardless of when such treatment was scheduled and
regardless of whether such treatment was part of a continuation of related treatments. 

  

	5.	Retiree Health Care Benefits - On and After January 1, 2010. For claims incurred on or after January 1, 2010, GMCo will provide retiree health care to eligible IUE-CWA
or USW retirees as follows and MLC shall have no liability or responsibility thereafter: 

  

	 	a.	GMCo will create a separate retiree health care plan with participation limited to eligible IUE-CWA and USW retirees and retirees affiliated with other Splinter Unions where those
Splinter Unions elect, on a union-by-union basis, to participate on behalf of retirees and members who are similarly situated to the Covered Group with respect to health care in retirement and to be bound by the terms of a settlement agreement
related to retiree health care and life insurance equivalent to those contained in this Settlement Agreement. It is understood that Splinter Union retirees are not eligible for the Pension Top-Up or Up-To-7 Years Accrual as contemplated by this
Settlement Agreement. The term “Splinter Union” as used in this Settlement Agreement shall include the following, including any predecessor unions where applicable: 

  

	 	i.	International Association of Machinists and Aerospace Workers; 

  

	 	ii.	International Brotherhood of Electrical Workers; 

  

	 	iii.	Michigan Regional Council of Carpenters, Local 687 and Interior Systems, Local 1045; 

  

	 	iv.	International Brotherhood of Painters and Allied Trades of the United States and Canada, Sign & Display Union Local 59; 

  

	 	v.	International Brotherhood of Teamsters; 

  

	 	vi.	The International Brotherhood of Boilermakers; 

  

	 	vii.	International Union of Operating Engineers; 

  

 Page 6 of 15 

	 	viii.	United Catering Restaurant Bar & Hotel Workers; and 

  

	 	ix.	With respect to any Splinter Union retirees where the union has failed or refused to accept appointment as the authorized representative pursuant to 11 USC § 1114, any
committee appointed by the Bankruptcy Court as the authorized representative of such Splinter Union retirees. 

  

	 	b.	GMCo’s obligation to make contributions toward retiree health care under this plan shall be fixed and capped at the specified level of expenditures on an average annual cost
per contract basis for pre-Medicare Single coverage of $4,640 and for pre-Medicare family coverage of $9,030 (the “Cap”). The total value of health care benefits under this Settlement Agreement, inclusive of benefits paid under Paragraph 4
of this Settlement Agreement, is limited to an aggregate net present benefit value of $467 million (“Aggregate Net Present Value”) with respect to all eligible IUE-CWA, USW and Splinter Union participants. GMCo shall deliver the Aggregate
Net Present Value to participants over time reduced on a proportionate basis with respect to Splinter Unions that elect not to participate and by amounts paid in accordance with Paragraph 5(f) (“Adjusted Value”). It is understood that
GMCo’s total obligation for the IUE-CWA, the USW and all Splinter Unions is limited to the Aggregate Net Present Value and that once it has been exhausted GMCo shall have no further obligation to make contributions toward health care for the
Covered Group or for any covered members of Splinter Unions that elect to participate. It is further understood that the Aggregate Net Present Value shall be reduced on a proportionate basis with respect to Splinter Unions that elect not to
participate. Spending against the Aggregate Net Present Value shall be determined by recording the annual health care benefit expenditures pursuant to this Settlement Agreement discounted at a rate of 7.2%. Participant contributions are not counted
against the Aggregate Net Present Value and are not counted as part of the Caps in any year. At the point in time where GMCo’s total amount paid reaches the Adjusted Value GMCo shall cease making any contributions toward health care for the
Covered Group or covered members of Splinter Unions that elect to participate regardless of whether such participants otherwise satisfy plan eligibility criteria. 

  

	 	c.	 The Aggregate Net Present Value was determined based upon an expected 92% rate of participation, resulting in a plan design generally in accordance with the
description contained on Attachment A. Both the IUE-CWA and USW believe that the actual rate of participation will be less than 92%. The IUE-CWA and USW believe that a conservative estimate of the expected rate of participation is 82%. Therefore,
GMCo agrees that it initially will configure plan design generally in accordance with the description contained on Attachment A, except that GMCo will presume a participant acceptance rate of 82% for IUE-CWA, USW and Splinter Unions that elect to
participate and adjust the participant monthly contribution for 2010 to account for the estimated annual savings associated with the additional anticipated 10% of eligible participants that decline participation in the plan as offset by amounts paid
to participants electing to opt-out. For 2011, after accounting for anticipated increases or decreases in health care costs, GMCo will determine the actual opt-out savings and actual amount of opt-out payments that occurred during the 

  

 Page 7 of 15 

	 	 
2010 plan year and will adjust the 2011 plan design any differences resulting from an over or under estimation of the rate of participation or level of
opt-out savings that occurred in 2010. Thereafter, GMCo will analyze and project retiree health care expenses on an annual basis, net of any additional opt-out related savings from the previous year and excluding any annual savings associated with
those who previously opted-out but have since attained 65 years of age, at which time the participant would have lost eligibility for Retiree Health Care Benefits under this Settlement Agreement. GMCo will adjust the plan design as necessary to
maintain benefit coverages within the Cap on an aggregate basis across both pre-Medicare single and pre-Medicare family coverage without reduction in the aggregate amount of annual Cap expenditures caused by participant’s loss of eligibility to
participate for reasons other than mortality or Medicare eligibility, at which time the participant would have lost eligibility for Retiree Health Care Benefits under this Settlement Agreement. For the avoidance of doubt, otherwise eligible
individuals will no longer be eligible for Retiree Health Care Benefits under this Settlement Agreement upon attainment age 65 or if under age 65 upon becoming Medicare eligible, subject to rules governing end stage renal disease. For periods in
which the Cap is exceeded, GMCo will make whatever plan design changes it deems necessary to recover the overpayment in the next plan year as well as to adjust for any anticipated increases in retiree health care costs in the next year. For periods
in which the Cap has not been reached, GMCo will make whatever plan design changes it deems necessary to increase benefit levels to the extent of the Cap so they are distributed in the next plan year after adjusting for any anticipated increases in
retiree health care costs in the next year. 

  

	 	d.	GMCo will bear all costs of plan administration. 

  

	 	e.	The IUE-CWA and USW may create an advisory committee and appoint members thereof; such advisory committee shall also include representatives of other Splinter Unions that have
elected participation in accordance with this Settlement Agreement who wish to participate and who appoint their own representative members. If created, GMCo will advise the advisory committee reasonably prior to the implementation of any such
adjustments of anticipated plan design adjustments deemed necessary to maintain benefit coverages within the Cap along with its rationale for any such adjustments. The advisory committee may provide advice and counsel with respect to any such
adjustments, provided that GMCo may in its sole discretion accept or reject any such advice and that the process of involving the advisory committee shall not delay the ordinary and customary implementation of plan design alterations deemed
necessary by GMCo to reflect the constraints of the Cap. The creation and operation of the advisory committee shall be at the expense of the unions participating in such committee and GMCo shall have no obligation to pay or to defray any cost or
expense associated with creation of the committee or its operations or activities. 

  

	 	f.	 Prior to January 1, 2010, the GMCo will initiate a one-time option for participants represented by the IUE-CWA, the USW and Splinter Unions that elect to
participate to elect to voluntarily decline participation in the plan and in exchange for a monetary buyout in the amounts set forth on the Opt-Out Payment Schedule on Attachment D 

  

 Page 8 of 15 

	 	 
hereto. Thereafter, the one-time option will be offered to eligible retirees at the inception of their participation in the plan. All elections to opt-out of
the plan are final and cannot later be revoked. 

  

	 	g.	With respect to contributions toward health care and life insurance in retirement pursuant to collective bargaining agreements between MLC and the IUE-CWA or the USW, MLC maintains
that it had reserved the right to unilaterally amend, modify or terminate the respective plans or the benefits provided by those plans. The IUE-CWA and the USW maintain, however, that MLC did not effectively reserve such rights and that it was
prohibited from unilaterally altering health care or life insurance for retirees. For purposes of this Settlement Agreement, the parties agree that GMCo’s right to amend, modify or terminate the retiree health care or life insurance benefits
set forth herein shall be to the same extent as existed under the applicable collective bargaining agreements between MLC and the IUE-CWA or the USW, respectively. Apart from any right that GMCo may retain as a consequence of any reservation by MLC
of the right to amend, modify or terminate health care in retirement, the parties agree that GMCo shall have the right to modify or amend the plan design in order to implement the Cap as set forth in this Settlement Agreement.

  

	 	h.	The IUE-CWA, USW, Splinter Unions that elect to participate and all retirees/members within the scope of this agreement will not in the future seek to negotiate any modifications or
changes to the health care benefits provided by GMCo. 

  

	 	i.	All obligations of MLC, the MLC Plan and any other MLC entity or benefit plan for health care in retirement for members of the Covered Group or any other person claiming entitlement
to health care in retirement pursuant to an IUE-CWA or USW collective bargaining agreement other than as set forth herein shall be forever terminated as of the Effective Date. 

  

	6.	Basic Life Insurance: Effective the first of the month following the Effective Date, GMCo will provide Basic Life Insurance in retirement to eligible IUE-CWA and USW retirees
in the maximum fixed amount of $10,000 as provided for in attachment B of the Closure Agreement as modified according to Attachment B to this Settlement Agreement. Retirees whose basic life insurance coverage is below $10,000 will remain at the
lower amount. Current active employee members of the IUE-CWA will have Basic Life Insurance in the fixed amount of $10,000 effective upon the date of retirement. MLC shall have no responsibility or liability for such insurance. The IUE-CWA, USW or
included members/retirees will not in the future seek to negotiate any modifications or changes to the life insurance coverages provided by GMCo. All obligations of MLC, the MLC Plan and any other MLC entity or benefit plan for basic life insurance
for the included members/retirees arising from any GM-IUE-CWA or GM-USW collective bargaining agreement shall be forever terminated as of the Effective Date. 

  

	7.	Covered Group: The retiree health care and life insurance commitments shall apply to the “Covered Group,” which shall mean: 

  

 Page 9 of 15 

	 	a.	MLC employees who were represented regarding the terms and conditions of their employment with MLC by the IUE-CWA or the USW and who retired from MLC under circumstances such that
they were eligible for MLC contributions toward their health care and life insurance in retirement according to the terms of an IUE-CWA or USW collective bargaining agreement with MLC in effect at the time of their retirement, and their eligible
spouses, surviving spouses and dependents; 

  

	 	b.	All active MLC employees (including those on a leave from which they are eligible to retire from MLC) who are represented with respect to the terms and conditions of their
employment with MLC by the IUE-CWA and who transfer to GMCo pursuant to GMCo’s assumption of the Moraine Closure Agreement pursuant to this Settlement Agreement and who retire from GMCo under circumstances such that considering their combined
MLC and GMCo service they would have qualified for MLC contributions toward health care and life insurance in retirement as determined according to criteria for such eligibility as existed in the 2003 GM-IUE-CWA National Agreement, and their
eligible spouses, surviving spouses and dependents; 

  

	 	c.	All Delphi employees who were represented with respect to the terms and conditions of their employment with Delphi by the IUE-CWA and who applied for employment consideration with
MLC under the terms of the Special Employee Placement Opportunities (“SEPO”) agreement, which is Attachment G to the August 5, 2007 GM, Delphi, IUE-CWA Memorandum of Understanding, and who were hired by MLC into a UAW Represented MLC
Plant in accordance with the terms of the SEPO agreement and who retired from MLC or who transfer to GMCo and retire from GMCo, under circumstances such that considering their combined Delphi, MLC and GMCo service they would have qualified for
corporate contributions toward health care and life insurance in retirement as determined according to criteria for such eligibility as existed in the 2003 GM-IUE-CWA National Agreement, and their eligible spouses, surviving spouses and dependents;

  

	 	d.	All Delphi employees who were represented with respect to the terms and conditions of their employment with Delphi by the IUE-CWA and who are within the definition of “Covered
Employees” as that term is used in Section 17.A. of the Attachment B to the lUE-Delphi-GM Memorandum of Understanding Delphi Restructuring dated August 5, 2007 or who were represented by the USW and who are within the definition of
“Covered Employees” as that term is used in Section 17.A. of the Attachment B to the USW-Delphi-GM Memorandum of Understanding Delphi Restructuring dated August 16, 2007, and who satisfy the criteria described therein such that
upon their retirement they would have qualified for contributions toward health care and life insurance in retirement from GM/MCL, and their eligible spouses, surviving spouses and dependents; 

  

	 	e.	The term “surviving spouses” shall include surviving spouses of a Covered Group retiree as well as surviving spouses of Covered Group active employees who died or die
prior to retirement under circumstances such that at the time of death the employee would have been eligible to retire under circumstances meeting any of the Covered Group classifications (a, b, c and d). 

  

 Page 10 of 15 

	8.	Assumption of the Moraine Closure Agreement: As of the Effective Date, GMCo will assume the terms and conditions of the Closure Agreement but only as modified during these
negotiations as set forth on Attachment C. Assumption of the terms and conditions of the Closure Agreement shall not constitute assumption of MLC’s pre-Closing Liabilities under the Closure Agreement or assumption of any collective bargaining
agreements outside the scope of the Closure Agreement, including, without limitation, memorandums of understanding regarding Delphi restructuring. 

  

	9.	Release: Except as related to claim arising from an alleged breach of obligations set forth herein, as of the Effective Date, the IUE-CWA, the USW and all Covered Employees
and members of the Covered Group and all persons claiming entitlement to health care or life insurance in retirement pursuant to an IUE-CWA or USW collective bargaining agreement release and forever discharge GMCo, its predecessors and its current
or former officers, directors, employees, agents, subsidiaries, affiliates, and any and all of its welfare and pension benefit plans and their fiduciaries, with respect to any and all rights, claims or causes of action that any of them have or
hereafter may have, whether known or unknown, suspected or unsuspected, concealed or hidden, arising out of, based upon or otherwise related to any claim arising out of their employment with MLC, including, without limitation, alleged breaches of a
collective bargaining agreement, the Combs Settlement, concerning any alleged entitlement to health care in retirement, any alleged entitlement to life insurance in retirement, and any claim the basis for which is predicated upon an allegation that
GMCo is a successor to MLC. The term “collective bargaining agreement” is intended to have the broadest possible interpretation, inclusive of any and all national agreements or memorandums of understanding entered between MLC and the
IUE-CWA or MLC and the USW, or their predecessors, whether individually or collectively, written or oral or as a matter of custom and practice. 

  

	10.	Waiver and Release: Other than as set forth in paragraph 3 with respect to the Allowed Claim, the IUE-CWA and USW as authorized Bankruptcy Code section 1114 and 1113
representatives withdraw with prejudice all claims filed or otherwise made against GM or MLC and their subsidiaries, and their employees, officers, directors and agents, relating to retiree health care benefits and basic life insurance and pursuant
to any GM-IUE-CWA and GM-USW collective bargaining Agreements or otherwise, and agree not to bring any such claims in the future, and furthermore, on their own behalf and on behalf of all represented members/retirees, release and forever discharge
MLC, and its current or former officers, directors, employees, agents, subsidiaries, affiliates and any and all of its welfare and pension benefit plans and their fiduciaries, with respect to any and all rights, claims or causes of action that any
of them have or hereafter may have, whether known or unknown, suspected or unsuspected, concealed or hidden, arising out of, based upon or otherwise related to any claim arising out of their employment with MLC, including, without limitation,
alleged breaches of a collective bargaining agreement, the Combs Settlement, any alleged entitlement to heath care in retirement, and any alleged entitlement to life insurance in retirement. 

  

	11.	 The Order to be presented to the Bankruptcy Court approving this Settlement Agreement shall include a release from all liability of the Communications Workers of
America, the IUE-CWA and USW and their local unions and any Splinter Union that elects to participate, 

  

 Page 11 of 15 

	 	 
including each of their current and former officers, members, employees, advisors, attorneys, accountants, investment bankers, consultants, agents and other
representatives in connection with or related to the MLC Chapter 11 Case, the formulation, preparation, negotiation, dissemination, implementation, administration, or consummation of this Settlement Agreement, or any Section 1113 or
Section 1114 proceedings. 

  

	12.	Appeal: The IUE-CWA shall withdraw all appeals with respect to bankruptcy court approval of the sale of substantially all MLC’s assets to GMCo. 

 

	13.	Effective Date: This Settlement Agreement is expressly conditioned upon approval of the Bankruptcy Court in the MLC Chapter 11 Case. The Effective Date of this Settlement
Agreement shall be the date upon which an Order approving this Settlement Agreement in all material respects and in a form reasonably satisfactory to the parties, is entered by the Bankruptcy Court; provided, however that if such Order is overturned
on appeal or otherwise such that there is or may be a material negative impact on the rights, obligations or benefits provided hereunder to the Parties hereto, the party experiencing the material negative impact may terminate this Settlement
Agreement upon 30 days’ written notice to the other parties and the rights and obligations of all parties shall revert to the status quo ante as if this Settlement Agreement had never been entered. 

  

	14.	Dispute Resolution: Any controversy or dispute arising out of or relating to, or involving the enforcement, implementation, application or interpretation of this Settlement
Agreement may be asserted only by GMCo, MLC, IUE-CWA or USW. The Order approving this Settlement Agreement will provide that the Bankruptcy Court will retain jurisdiction to resolve any disputes regarding the enforcement, implementation, application
or interpretation of this Settlement Agreement. In the event that the bankruptcy case has been closed or dismissed, the parties agree that any necessary litigation to resolve such disputes shall be brought before the U.S. District Court for the
Eastern District of Michigan (the “Court”). Each of the parties hereto expressly and irrevocably submits to the jurisdiction of the Bankruptcy Court or the Court, as applicable, and expressly waives any argument it may have with respect to
venue or forum non conveniens. Nothing in this Settlement Agreement precludes members of the Covered Group, in connection with disputes arising out of the plan, from pursuing appropriate judicial review regarding disputes after
exhaustion of administrative remedies. 

  

	15.	Integration: This Settlement Agreement constitutes the entire agreement between the parties regarding the matters set forth herein, and no representations, warranties or
inducements have been made to any party concerning this Settlement Agreement, other than representations, warranties and covenants contained and memorialized in this Settlement Agreement. This Settlement Agreement supersedes any prior
understandings, agreements or representations by or between the parties, written or oral, regarding the matters set forth in this Settlement Agreement. 

  

	16.	Counterparts: This Settlement Agreement may be executed in two or more counterparts. All executed counterparts and each of them shall be deemed to be one and the same
instrument, provided that counsel for the parties to this Settlement Agreement shall exchange among themselves original signed counterparts. 

  

 Page 12 of 15 

	17.	Assignment: Except as otherwise expressly stated herein, no party to this Settlement Agreement may assign any of its rights hereunder without the prior written consent of the
other parties, and any purported assignment in violation of this sentence shall be void. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

  

	18.	Cooperation: Each of the parties hereto shall do any and all acts and things, and shall execute and deliver any and all documents, as may be necessary or appropriate to
effectuate the purposes of this Settlement Agreement. 

  

	19.	IUE Actuarial Professional Fees - VEBA negotiations: GMCo will reimburse the IUE-CWA for amounts necessarily incurred and actually paid to actuarial experts for purposes of
evaluating the prospect of entering a VEBA settlement agreement between General Motors Corporation and the IUE-CWA during the period April 1, 2008 through December 31, 2008 upon submission of paid invoices up to a an aggregated maximum for
all such invoices of $70,000. 

  

	20.	Definitions: 

  

	 	a.	Adjusted Value - The term “Adjusted Value” shall have the meaning ascribed to it in Paragraph 5(b) of this Settlement Agreement. 

  

	 	b.	Aggregate Net Present Value - The term “Aggregate Net Present Value” shall have the meaning ascribed to it in Paragraph 5(b) of this Settlement Agreement.

  

	 	c.	Allowed Claim - The term “Allowed Claims” shall have the meaning ascribed to it in Paragraph 3 of this Settlement Agreement. 

  

	 	d.	Bankruptcy Code - The term “Bankruptcy Code” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement.

  

	 	e.	Bankruptcy Court - The term “Bankruptcy Court” shall have the meaning ascribed to it in the second paragraph of the preamble to this Settlement Agreement.

  

	 	f.	Cap - The term “Cap” shall have the meaning ascribed to it in Paragraph 5(b) of this Settlement Agreement. 

  

	 	g.	Combs - The term “Combs” shall have the meaning ascribed to it in the second paragraph of the preamble to this Settlement Agreement. 

  

	 	h.	Combs Settlement - The term “Combs Settlement” shall have the meaning ascribed to it in the second paragraph of the preamble to this Settlement Agreement.

  

	 	i.	Court - The term “Court” shall have the meaning ascribed to it in Paragraph 14 of this Settlement Agreement. 

  

	 	j.	Delphi - The term “Delphi” shall have the meaning ascribed to it in the third paragraph of the preamble to this Settlement Agreement. 

  

 Page 13 of 15 

	 	k.	Delphi Divested Operation - The term “Delphi Divested Operation” shall have the meaning ascribed to it in Paragraph 2(a) of this Settlement Agreement.

  

	 	l.	Delphi HRP - The term “Delphi HRP” shall have the meaning ascribed to it in Paragraph 1 of this Settlement Agreement. 

  

	 	m.	Effective Date - The term “Effective Date” shall have the meaning ascribed to it in Paragraph 13 of this Settlement Agreement. 

  

	 	n.	Freeze Date - The term “Freeze Date” shall have the meaning ascribed to it in Paragraph 2(a) of this Settlement Agreement. 

  

	 	o.	GMCo - The term “GMCo” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

  

	 	p.	GMCo HRP - The term “GMCo HRP” shall have the meaning ascribed to it in Paragraph 2 of this Settlement Agreement. 

  

	 	q.	IUE-CWA - The term “IUE-CWA” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

  

	 	r.	MLC - The term “MLC” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

  

	 	s.	MLC Chapter 11 Case - The term “MLC Chapter 11 Case” shall have the meaning ascribed to it in the second paragraph of the preamble to this Settlement Agreement.

  

	 	t.	MLC Plan - The term “MLC Plan” shall have the meaning ascribed to it in Paragraph 4 of this Settlement Agreement. 

  

	 	u.	Modified Plan - The term “Modified Plan” shall have the meaning ascribed to it in Paragraph l(c) of this Settlement Agreement. 

  

	 	v.	PBGC - The term “PBGC” shall have the meaning ascribed to it in Paragraph 2(a) of this Settlement Agreement. 

  

	 	w.	Splinter Claims - The term “Splinter Claims” shall have the meaning ascribed to it in Paragraph 3 of this Settlement Agreement. 

  

	 	x.	SEPO - The term “SEPO” shall have the meaning ascribed to it in Paragraph 7(c) of this Settlement Agreement. 

  

	 	y.	Splinter Union - The term “Splinter Union” shall have the meaning ascribed to it in Paragraph 5(a) of this Settlement Agreement. 

  

	 	z.	Up-to-7-Effective Date - The term “Up-to-7-Effective Date” shall have the meaning ascribed to it in Paragraph 2(a) of this Settlement Agreement.

  

 Page 14 of 15 

	 	aa.	USW - The term “USW” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

 IN WITNESS THEREOF, the parties hereto have caused this Settlement Agreement to be executed by themselves or their duly authorized attorneys. 

 

					
	 AGREED
	 		 	
			
	General Motors Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	Motors Liquidation Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	IUE-CWA, the Industrial Division of the Communications Workers of America, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	
			
	United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	

  

 Page 15 of 15 

	 	aa.	USW - The term “USW” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

 IN WITNESS THEREOF, the parties hereto have caused this Settlement Agreement to be executed by themselves or their duly authorized attorneys. 

 

					
	 AGREED
	 		 	
			
	General Motors Company	 		 	
			
	 

	 		 	Date: 8/2/2009
	By:	 		 	
			
	Motors Liquidation Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	IUE-CWA, the Industrial Division of the Communications Workers of America, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	
			
	United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	

  

 Page 15 of 15 

	 	aa.	USW - The term “USW” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

 IN WITNESS THEREOF, the parties hereto have caused this Settlement Agreement to be executed by themselves or their duly authorized attorneys. 

 

					
	 AGREED
	 		 	
			
	General Motors Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	Motors Liquidation Company	 		 	
			
	 

	 		 	Date: Sept. 10, 2009
	By:    

	 		 	
			
	IUE-CWA, the Industrial Division of the Communications Workers of America, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	
			
	United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	

  

 Page 15 of 15 

	 	aa.	USW - The term “USW” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

 IN WITNESS THEREOF, the parties hereto have caused this Settlement Agreement to be executed by themselves or their duly authorized attorneys. 

 

					
	 AGREED
	 		 	
			
	General Motors Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	Motors Liquidation Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	IUE-CWA, the Industrial Division of the Communications Workers of America, AFL-CIO, CLC	 		 	Date: 9/3/2009
			
	 

	 		 	
	By:	 		 	
			
	United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	

  

 Page 15 of 15 

	 	aa.	USW - The term “USW” shall have the meaning ascribed to it in the first paragraph of the preamble to this Settlement Agreement. 

 IN WITNESS THEREOF, the parties hereto have caused this Settlement Agreement to be executed by themselves or their duly authorized attorneys. 

 

					
	 AGREED
	 		 	
			
	General Motors Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	Motors Liquidation Company	 		 	
			
	  
	 		 	Date:              2009
	By:	 		 	
			
	IUE-CWA, the Industrial Division of the	 		 	
	Communications Workers of America, AFL-CIO, CLC	 		 	Date:              2009
			
	  
	 		 	
	By:	 		 	
			
	United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC	 		 	Date: 09/03/2009
			
	 

	 		 	
	By:	 		 	

  

 Page 15 of 15 

 SETTLEMENT AGREEMENT - ATTACHMENT A 
 General Description of Retiree Medical Plan1 
 The following reflects a general
description of the level of Retiree Medical Benefit coverage contemplated as of January 1, 2010: 
  

			
	Plan Offering	  	 •       Nationwide HSA-qualified PPO

		
	Monthly Contributions Supporting a total OPEB liability of $467 million for IUE/USW/Other Splinter Unions	  	 •       $95 (single)
 •       $140 (two)
 •       $ 180 (three or more)

		
	Annual Deductible	  	 •       $2,500 (single)
 •       $5,000 (family) (single member may satisfy)

		
	Medical Co-Insurance (after deductible)	  	 •       20% (in-network)
 •       40% (out of network)

		
	Out-of-Pocket Maximum	  	 •       $3,500 (single)
 •       $7,000 (family) (single member may satisfy)

		
	Behavioral Health (after deductible)	  	 •       Same as medical.

		
	Rx Retail (after deductible)	  	 •       20% (in-network)
 •       40% (out-of-network)

		
	Rx Mail (after deductible)	  	 •       20% (in-network)
 •       40% (out-of-network)

		
	Vision Program	  	 No longer offered.

		
	Dental Program	  	 No longer offered.

		
	 Coverage Termination
 (Participant level)
	  	 •       Retirees, surviving spouses, and eligible dependents who
are age 65 or older, and
 •       Retirees, surviving spouses, and eligible
dependents who are under age 65 but eligible for Medicare.

  

	1
	 This plan description is provided as a general description of the plan design anticipated to be within the limits of the Caps which support a $467 million total
liability to be measured from 7/10/2009 forward using an annual discount rate of 7.2%. 

 SETTLEMENT AGREEMENT - ATTACHMENT B 
  

					
	ATTACHMENT B	 	IUE-CWA	 	

 Modifications to the 2003 Supplemental Agreement - Life and Disability Benefits Program 

 
 The following is a list of proposed changes to the Life and
Disability Benefits Program: 
 Sickness and Accident (S&A) and  
 Extended Disability Benefits (EDB) 
  

	 	•	 	 For an employee to be deemed to be wholly and continuously disabled under the provisions of Article II, Section 6(a) and Article II, Section 7(a), the
employee must provide medical evidence, satisfactory to the Carrier (third party administrator) that substantiates total disability, i.e., medical substantiation. Absent medical information that substantiates total disability, the employee’s
claim for benefits under the Program will be denied. This will be effective for all employees’ currently on a disability leave or any future disability leaves. New claim forms will be created for this process and will be distributed to all
employees on claim. 

 Basic Life, Extra Accident, and  
 Survivor Income Benefit Insurance 
  

	 	•	 	 Article II, Section 1 - eliminate Continuing Life at age 65 from schedule - Article II, Section 1 will only pertain to employees prior to retirement.

  

	 	•	 	 Article II, Section 2 - eliminate Continuing Life at age 65. Article II, Section 2 will only pertain to employees after retirement. Basic Life Insurance amount
will be a maximum of $10,000 for all current retirees and future retirees. 

  

	 	•	 	 Article II, Section 3 - eliminate Extra Accident Insurance for all current retirees and future retirees. 

  

	 	•	 	 Miscellaneous modifications that relate to changes for Basic Life 

 Article III, Section 3(e) 
 Article III, Section 4(b) and (c)
 Article IV, Section 1 (c) 
  

					
	For the International IUE-CWA:	 		 	For General Motors Company:
			
	  
	 		 	  

 SETTLEMENT AGREEMENT - ATTACHMENT B 
  

					
	ATTACHMENT B	 	IUE-CWA	  	

 Modifications to the 2003 Supplemental Agreement - Life and Disability Benefits Program 

 
  

					
	  
	 		 	  

	Dated:	 		 	

					
	ATTACHMENT B	  	IUE-CWA	  	

 Modifications to the 2003 Supplemental Agreement - Life and Disability Benefits Program 

 
 The following is a list of proposed changes to the Life and
Disability Benefits Program: 
 Sickness and Accident (S&A) and 
 Extended Disability Benefits (EDB) 
  

	 	•	 	 For an employee to be deemed to be wholly and continuously disabled under the provisions of Article II, Section 6(a) and Article II, Section 7(a), the
employee must provide medical evidence, satisfactory to the Carrier (third party administrator) that substantiates total disability, i.e., medical substantiation. Absent medical information that substantiates total disability, the employee’s
claim for benefits under the Program will be denied. This will be effective for all employees’ currently on a disability leave or any future disability leaves. New claim forms will be created for this process and will be distributed to all
employees on claim. 

 Basic Life, Extra Accident, and  
 Survivor Income Benefit Insurance 
  

	 	•	 	 Article II, Section 1 - eliminate Continuing Life at age 65 from schedule - Article II, Section 1 will only pertain to employees prior to retirement.

  

	 	•	 	 Article II, Section 2 - eliminate Continuing Life at age 65. Article II, Section 2 will only pertain to employees after retirement. Basic Life Insurance amount
will be a maximum of $10,000 for all current retirees and future retirees. 

  

	 	•	 	 Article II, Section 3 - eliminate Extra Accident Insurance for all current retirees and future retirees. 

  

	 	•	 	 Miscellaneous modifications that relate to changes for Basic Life 

 Article III, Section 3(e) 
 Article III, Section 4(b) and (c)
 Article IV, Section 1(c) 
  

					
	For the International IUE-CWA:	 		 	For General Motors Company:
			
	 

	 		 	 

			
	 9/3/09
	 		 	 9/3/09

	Dated:	 		 	

 SETTLEMENT AGREEMENT ATTACHMENT C 
 Agreement between General Motors Company and the IUE-CWA, the Industrial Division of the Communications Workers of America, AFL-CIO and its Local Union 798 
 This Agreement shall constitute an Addendum to the 2008 Moraine Closure Agreement. 
 The following paragraphs, documents, and memoranda contained in the 2008 Moraine Closure Agreement shall be amended as follows: 
  

	 	•	 	 Cost of Living payable, Paragraphs (65d) - (65I) is eliminated 

  

	 	•	 	 Performance Bonus Payments, Paragraph (65)(b)(2) is eliminated 

  

	 	•	 	 Individual Upward Educational Plan, Document 21 is eliminated December 31, 2009 

  

	 	•	 	 Retiree Individual Upward Educational Plan, Document 25 is eliminated December 31, 2009 

  

	 	•	 	 IUE-CWA-GM Scholarship Program For Dependent Children, Document 57 is eliminated December 31, 2009 

  

	 	•	 	 Section 5 of the Closure Agreement relating to Supplemental Unemployment Benefit (SUB) is modified (See Attachment A) 

  

	 	•	 	 Note the provisions identified above were settled similar in scope to those settled with the UAW 

  

	 	•	 	 Section 16 of the Closure Agreement is eliminated 

  

	 	•	 	 Joint Activities, Document 73 is modified to reflect a final settlement of $450,000 to be paid with installments of $225,000 in the first quarter 2010 and $225,000
in the first quarter of 2011 

  

	 	•	 	 Memorandum of Understanding Moraine Assembly Closure Agreement Special Attrition Program 

 Option 5 “Special Employee Hiring Opportunities GM-IUE-CWA Moraine Assembly Plant” is eliminated for General Motors Company. Those employees who
elected Option 5 will be allowed to rescind their application in accordance with the Option 5 provisions during a two (2) week time period identified by Management. Employees who do not rescind their application will remain on layoff with
applicable SUB. 
  

	 	•	 	 Life and Disability Benefits Program (See Attachment B) 

 The parties agree that the provisions of the 2008 Moraine Closure Agreement not amended by these negotiations, the Term Sheet or the General Motors Company- IUE-CWA Settlement Agreement shall remain in force as outlined in the Closure
Agreement. 
  

					
	General Motors Company	 		  	IUE-CWA
			
		 		  	 Industrial Division of
 The Communications Workers of America, AFL-CIO and its Local 798

	By:	 		  	By:
			
	 

	 		  	 

			
	  
	 		  	 9/3/09

					
	Dated:	 	 9/3/09
	  	

 SETTLEMENT AGREEMENT - Attachment C continued 
 IUE-CAW 
 Modifications to the 2003
Supplemental Unemployment Benefit Plan and 
 Guaranteed Income Stream Programs 
 Attachment A 
  
  
 This document further modifies the (10/16/08) Closure Agreement
and the Supplemental Unemployment Benefit Plan and Guaranteed Income Stream Program Closure Agreement 9/23/08 Closure Agreement - Attachment B. 
 For
employees who remain on layoff as of the effective date of this Agreement (7/22/09), and who are eligible for 104 weeks of SUB benefits as provided for in the Supplemental Unemployment Benefit Plan and Guaranteed Income Stream Program Closure
Agreement 9/23/08 Closure Agreement - Attachment B, the SUB benefit for weeks 53 through 104, if eligible, will be calculated as follows: 
  

	 	•	 	 The weekly benefit payment will be 50% of the employee’s gross weekly wages, based on a 40-hour week, less any Unemployment Compensation and applicable taxes.

  

					
	For the International IUE-CWA:	  		  	For General Motors Company:
			
	 

	  		  	 

			
	 9/3/09
	  		  	 9/3/09

 Dated: 

 SETTLEMENT AGREEMENT - Attachment C continued 
  

					
	ATTACHMENT B	  	IUE-CWA	  	

 Modifications to the 2003 Supplemental Agreement - Life and Disability Benefits Program 

 
 The following is a list of proposed changes to the Life and
Disability Benefits Program: 
 Sickness and Accident (S&A) and 
 Extended Disability Benefits (EDB) 
  

	 	•	 	 For an employee to be deemed to be wholly and continuously disabled under the provisions of Article II, Section 6(a) and Article II, Section 7(a), the
employee must provide medical evidence, satisfactory to the Carrier (third party administrator) that substantiates total disability, i.e., medical substantiation. Absent medical information that substantiates total disability, the employee’s
claim for benefits under the Program will be denied. This will be effective for all employees’ currently on a disability leave or any future disability leaves. New claim forms will be created for this process and will be distributed to all
employees on claim. 

 Basic Life, Extra Accident, and 
 Survivor Income Benefit Insurance 
  

	 	•	 	 Article II, Section 1 - eliminate Continuing Life at age 65 from schedule - Article II, Section 1 will only pertain to employees prior to retirement.

  

	 	•	 	 Article II, Section 2 - eliminate Continuing Life at age 65. Article II, Section 2 will only pertain to employees after retirement. Basic Life Insurance
amount will be a maximum of $10,000 for all current retirees and future retirees. 

  

	 	•	 	 Article II, Section 3 - eliminate Extra Accident Insurance for all current retirees and future retirees. 

  

	 	•	 	 Miscellaneous modifications that relate to changes for Basic Life 

 Article III, Section 3(e) 
 Article III, Section 4(b) and (c) 
 Article IV, Section 1(c) 
  

					
	For the International IUE-CWA:	 		  	For General Motors Company:
			
	 

	 		  	 

			
	 9/3/09
	 		  	 9/3/09

 Dated: 

 SETTLEMENT AGREEMENT - ATTACHMENT D 
 Opt-Out Payment Schedule 
  

							
	 AGE
	  	SINGLE	    	FAMILY
	 64
	  	$	1,120	    	$	2,180
	 63
	  	$	2,165	    	$	4,214
	 62
	  	$	3,140	    	$	6,112
	 61
	  	$	4,050	    	$	7,882
	 60
	  	$	4,898	    	$	9,533
	 59
	  	$	5,690	    	$	11,073
	 58
	  	$	6,428	    	$	12,509
	 57
	  	$	7,116	    	$	13,850
	 56
	  	$	7,759	    	$	15,100
	 55 & Below
	  	$	8,358	    	$	16,266

  

	1)	The amount payable during the initial one-time option referenced in Paragraph 5(f) of the Settlement Agreement shall be based upon retiree or surviving spouse age and coverage
status (i.e. single/family) as of January 1, 2010. 

  

	2)	The amount payable for those retiring after the Effective Date shall be based upon retiree or surviving spouse age and coverage status as of the date of retirement.

  

	3)	Eligibility for an opt-out election is limited to retirees and surviving spouses of the Covered Group who are under age 65 and to dependents aged 18 to 24 of a retirees or
surviving spouses of the Covered Group who are age 65 or older where the dependant qualifies for continued coverage under the plan terms due to status as a full time student (Student-Dependent). The Student-Dependent opt-out payment shall
be determined according to the “Single” benefit amount based upon the number of years until the Student-Dependent reaches age 24. For example, for a Student-Dependent aged 22 the “Single” benefit amount associated with age 63,
above, would apply, representing two years of coverage remaining until the student-dependent reaches age 24. Although non Student-dependents will continue to qualify for coverage under the terms of this agreement they are not eligible for an opt-out
payment. The amount payable for the initial one-time option for Student-Dependents as described herein shall be based on their age and status as of January 1, 2010. The amount payable to Student-Dependents of age 65 or over Covered Group
members who retire after the Effective Date shall be based upon the Student-Dependant’s age and status as of the date that such Covered Group member retires. In instances where there are two or more student-dependents under the same Covered
Group sponsor, they each will qualify for a “Single” opt-out payment as applicable. 

  

 Page 1 of 2 

	4)	Retirees or surviving spouses of the Covered Group who are members of the same family where each has or will have opt-out eligibility based upon retiree status each shall be
entitled to a “Single” opt-out benefit only, regardless of the timing of their respective election. For example, where A and B are married and both are members of the Covered Group and A is currently retired and B is a current GMCo
employee who upon retirement would be eligible to make an opt-out election, then A is entitled to a “Single” benefit payment upon exercise of the one-time voluntary election to opt-out and B is entitled to a “Single” benefit
payment upon exercise of the one-time voluntary election to opt-out upon retirement, but neither is eligible to receive a “Family” benefit payment. 

  

 Page 2 of 2

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