Document:

EX-10.3

 

EXHIBIT 10.3

THE GOODYEAR TIRE & RUBBER COMPANY

OUTSIDE DIRECTORS’ EQUITY PARTICIPATION PLAN

(As Adopted February 2, 1996 and last Amended February 27, 2007)

	1.	 	Purpose. The purpose of the Plan is to enable The Goodyear Tire & Rubber Company
(the “Company”) to (a) attract and retain outstanding individuals to serve as non-employee
directors of the Company, (b) further align the interests of non-employee directors with
the interests of the other shareholders of the Company by making the amount of the
compensation of non-employee directors dependent in part on the value and appreciation
over time of the Common Stock of the Company, and (c) permit each non-employee director to
defer receipt of all or a portion of his or her annual retainer until after retirement
from the Board of Directors of the Company.
	 
	2.	 	Definitions. As used in the Plan, the following words and phrases shall have
the meanings specified below:

     “Account” means any of, and “Accounts” means all of, the
Equity Participation Accounts and the Retainer Deferral Accounts maintained in the
records of the Company for Participants.

     “Accrual” means any dollar amount credited to an Account, including
Special Accruals, Quarterly Accruals, Retainer Deferral Accruals, Dividend
Equivalents and Interest Equivalents.

     “Beneficiary” means the person or persons designated by a Participant
pursuant to Section 12.

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

     “Committee” means the Compensation Committee of the Board.

     “Common Stock” means the Common Stock, without par value, of the
Company.

     “Conversion Date” means, with respect to each Account of each Retired
Outside Director, the later of (i) the first business day of the seventh month
following the month during which such Retired Outside Director terminated his or
her service as a member of the Board, or (ii) the fifth business day of the
calendar year following the calendar year during which such Retired Outside
Director terminated his or her service as a member of the Board.

     “Dividend Equivalent” means, with respect to each dividend payment
date for the Common Stock, an amount equal to the cash dividend per share of Common

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Stock which is payable on such dividend payment date.

     “Equity Participation Account” means a bookkeeping account maintained
by the Company for a Participant to which Quarterly Accruals and Dividend
Equivalents are credited in respect of Outside Directors through the Conversion
Date (and, with respect to each Outside Director serving as a Director on February
2, 1996, a Special Accrual will be credited) and Interest Equivalents are credited
subsequent to the Conversion Date, which Account shall be denominated in Units
until the Conversion Date and, thereafter, shall be denominated in dollars.

     “Fair Market Value of Common Stock” means, in respect of any date on
or as of which a determination thereof is being or to be made, the average of the
high and low per share sales prices of the Common Stock on the New York Stock
Exchange Composite Transaction Tape on such date.

     “Interest Equivalent” has the meaning assigned in Section 11(C).

     “Outside Director” means and includes each person who, at the time
any determination thereof is being made, is a member of the Board and who is not
and never has been an employee of the Company or any subsidiary or affiliate of
the Company.

     “Participant” means and includes, at the time any determination
thereof is being made, each Outside Director and each Retired Outside Director who
has a balance in his or her Accounts.

     “Retainer” means with respect to each Outside Director the retainer
fee payable to such Outside Director by the Company, plus all meeting attendance
fees payable by the Company to such Outside Director, in respect of a calendar
quarter.

     “Retainer Deferral Account” means a bookkeeping account maintained by
the Company for a Participant to which Retainer Accruals and Dividend Equivalents
are credited through the Conversion Date and Interest Equivalents are credited
subsequent to the Conversion Date, which Account shall be denominated in Units
until the Conversion Date and, thereafter, shall be denominated in dollars.

     “Retired Outside Director” means an Outside Director who has
terminated his or her service as a member of the Board and is entitled to receive
distribution of the cash balance of his or her Account or Accounts as provided in
Section 10.

     “Plan” means The Goodyear Tire & Rubber Company Outside Directors’
Equity Participation Plan, the provisions of which are set forth herein.

     “Quarterly Accrual” has the meaning assigned in Section 7.

     “Retainer Deferral Accrual” has the meaning assigned in Section 8.

     “Special Accrual” has the meaning assigned in Section 7.

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     “Unit” means an equivalent to a hypothetical share of Common Stock
which is the denomination into which all dollar Accruals (other than Interest
Equivalents) to any Account are to be translated. Upon the Accrual of any dollar
amount to any Account on or prior to the Conversion Date thereof, such dollar
amount shall be translated into Units by dividing the dollar amount of such
Accrual by the Fair Market Value of the Common Stock on the day on or as of which
such Accrual to the Account is made or, if not made on a trading day, on the
trading day next following the date of the Accrual. Units, and the translation
thereof from dollars, shall be calculated and recorded in the Accounts rounded to
the fourth decimal place.

     “Year of Service” means, with respect to each Outside Director, the
twelve month period commencing with the date of the individuals’ election as an
Outside Director or any anniversary thereof.

	3.	 	Effective Date. The Plan is adopted on, and is effective on and after,
February 2, 1996.
	 
	4.	 	Eligibility. Each person who serves as an Outside Director at any time
subsequent to February 1, 1996 is eligible to participate in the Plan.
	 
	5.	 	Administration. Except with respect to matters expressly reserved for action by
the Board pursuant to the provisions of the Plan, the Plan shall be administered by the
Committee, which shall have the exclusive authority except as aforesaid to take any action
necessary or appropriate for the proper administration of the Plan, including the full
power and authority to interpret the Plan and to adopt such rules, regulations and
procedures consistent with the terms of the Plan as the Committee deems necessary or
appropriate. The Committee’s interpretation of the Plan, and all actions taken within the
scope of its authority, shall be final and binding on the Company and the Participants.
	 
	6.	 	Equity Participation Accounts. There shall be established and maintained by the
Company an Equity Participation Account with respect to each Outside Director to which
Accruals shall be made from time to time in accordance with the provisions of the Plan.
	 
	7.	 	(A) Quarterly Accruals. On the first date of each calendar quarter,
commencing April 1, 2007, the Company shall credit $23,750 ($20,000 in respect of each
quarter during the period beginning July 1, 2005 and ended on December 31, 2006, $17,500
in respect of each quarter during the period beginning July 1, 2004 and ended on June
30, 2005, $7,500 in respect of each quarter during the period beginning January 1, 2003
and ended on June 30, 2004, $2,500 in respect of each quarter during the period
beginning July 1, 1998 and ended on December 31, 2002 and $2,000 in respect of each
quarter during the period beginning April 1, 1996 and ended on June 30, 1998) to the
Equity Participation Account of each Outside Director who is then a member of the Board
of Directors and served as a member of the Board for the entire calendar quarter ended
immediately prior to such day (each a “Quarterly Accrual”).

(B) Special Accruals. The Company shall credit to the Equity Participation
Account of each Outside Director who was an Outside Director on January 1, 2007, a $3,750
accrual as of April 2, 2007.

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(C)
Special Accruals. On April 13, 2004, the Company shall credit to the Equity Participation Account of each Outside Director eligible to receive a quarterly accrual
as of April 1, 2004, an additional credit in the amount of $20,000.

(D) Special Accruals. On February 2, 1996, the Company shall credit to the
Equity Participation Account of each Outside Director then serving as a member of the
Board of Directors a special, one-time credit (a “Special Accrual”), the amount of which
shall be determined in accordance with the following formula:

SP =
[FRPA-FQC] / 1.01943N

where,

SP is the dollar amount of the Special Accrual in respect of a participating Outside
Director at February 2, 1996;

FRPA is the future value of an annuity at age 70 under the Retirement Plan for Outside
Directors (as provided by Watson Wyatt and based on the UP-1984 mortality table) that
would be needed to provide a lifetime annuity at age 70 assuming the benefit increases 3%
per year starting in 1997.

FQC is the future value of quarterly accruals, calculated on the value at age 70 of
$1,000 quarterly accruals to the Equity Participation Account of the participating
Outside Director starting April 1, 1996, assuming a compound annual growth rate of 8%.

N is the number of quarters until the Outside Director retires having attained age 70.

(D) Translation of Accruals into Units. Each Accrual (other than Interest
Equivalents) to an Equity Participation Account shall be translated into Units by
dividing the dollar amount thereof by the Fair Market Value of the Common Stock on the
day as of which such Accrual is made, or, if the date on or as of which such Accrual is
made is not a trading day, on the next following trading day. Upon such translation of
an Accrual into Units, the resulting number of Units shall be credited to the relevant
Equity Participation Account (in lieu of the dollar amount of such Accrual) and such
Accrual shall continue to be denominated in such number of Units until the Conversion
Date for such Account, when the Units will be converted into a dollar amount equal to the
product of (I) the number of Units credited to such Account on such Conversion Date,
multiplied by (ii) the Fair Market Value of the Common Stock on such Conversion Date.

	8.	 	Retainer Deferral Accounts. Each Outside Director may, at his or her sole
election, defer receipt of 25%, 50%, 75% or 100% of his or her Retainer payable in
respect of and during any calendar year by electing to have such amount credited to his
or her Retainer Deferral Account (herein referred to as a “Retainer Account Accrual”).
Each deferral election, if any, shall be made by an Outside Director annually, must be in
respect of an entire calendar year and shall be made not later than June 30th of the year
prior to the calendar year in respect of

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	 	 	which such election is being made. The dollar amount of each Retainer Account Accrual
shall be translated (in the manner specified in Section 7(C)) into Units on the date such
Retainer Account Accrual is credited to the relevant Retainer Deferral Account, which
shall be the day on which the payment of such portion of the Retainer would have been made
absent the election of the Outside Director to defer the payment of all or a portion
thereof. Upon such translation into Units, the resulting number of Units shall be
credited to the relevant Retainer Deferral Account (in lieu of the dollar amount of such
Accrual) and such Accrual shall continue to be denominated in such number of Units until
the Conversion Date, when the Units will be converted into a dollar amount equal to the
product of (I) the number of Units credited to such Retainer Deferral Account on such
Conversion Date, multiplied by (ii) the Fair Market Value of the Common Stock of such
Conversion Date.
	 
	9.	 	Dividend Equivalents. With respect to each Account, from time to time through
the relevant Conversion Date each Unit in such Account shall be credited with a Dividend
Equivalent at the same time as cash dividends are paid on shares of the Common Stock. Dividend
Equivalents credited to each Account shall be automatically translated into Units by
dividing the dollar amount of such Dividend Equivalents by the Fair Market Value of the
Common Stock on the date the relevant Dividend Equivalent is accrued to such Account.
The number of Units resulting shall be credited to such Account (in lieu of the dollar
amount of such Accrual) and such Accrual shall be denominated in Units until the Conversion
Date.
	 
	10.	 	Eligibility For Benefits. (A) Equity Participation Accounts. Each
Retired Outside Director shall be entitled to receive the balance of his or her Equity
Participation Account in accordance with the provisions of Section 11 of the Plan, unless
the Board of Directors acts to reduce the amount of, or to deny the payment of, the
Equity Participation Account of such Retired Outside Director; provided,
however, that the Board of Directors shall not have the authority to reduce the
amount of, or to deny the payment of, the Equity Participation Account of any Outside
Director who terminates his or her service on the Board of Directors if (i) prior to such
termination of service, the Retired Outside Director either (s) had five or more years of
service and had attained age 70, or (y) had ten or more years of service and had attained
age 65, or (ii) such termination was due to the death of the Outside Director.
Notwithstanding the foregoing, the Board may at any time deny the payment of, or reduce
the amount of, the Equity Participation Account of any Participant if, in the opinion of
the Board, such Participant was engaged in an act of misconduct or otherwise engaged in
conduct contrary to the best interest of the Company.

(B) Retainer Deferral Accounts. Each Retired Outside Director shall be entitled
to receive the balance, if any, of his or her Retainer Deferral Account in accordance
with the provisions of Section 11 of the Plan.

	11.	 	Payment of Accounts. (A) All distributions of Equity Participation Accounts and
Retainer Deferral Accounts to Participants shall be made in cash.

(B) In the case of each Retired Outside Director, the Units credited to his or her Equity
Participation Account and Retainer Deferral Account, respectively, shall, on the
Conversion Date for such Retired Outside Director, be converted to a dollar denominated
amount by multiplying the number of Units in each of the Accounts by the Fair Market Value
of the Common Stock on such Conversion Date.

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(C) From and after the Conversion Date until paid, the balance (expressed in dollars) of
the Equity Participation Account, and, if any, of the Retainer Deferral Account, of each
Retired Outside Director shall be credited monthly until paid with “Interest
Equivalents”, which shall be equal to on twelfth (1/12th) of the product of (x) the
dollar balance of such Account, multiplied by (y) the sum (expressed as a decimal to six
places) of the rate equivalent to the prevailing annual yield of United States Treasury
obligations having a maturity of ten years (or, if not exactly ten years, as close to ten
years as possible without exceeding ten years) at the Conversion Date, plus one percent
(1%).

(D) The Accounts of each Retired Outside Director will be paid in ten (10) annual
installments commencing on the fifth business day following the Conversion Date with
respect to such Accounts, and thereafter on each anniversary of such Conversion Date; each
installment to be in an amount equal to the total dollar balance of such Accounts on the
fifth
business day prior to the date such annual installment is due and payable divided by the
number of installments remaining (including the annual installment then being calculated
for payment) to be paid.

(E) The Committee may, in its sole discretion, elect to pay the Equity Participation
Account or the Retainer Deferral Account, or both, of any Retired Outside Director in a
lump sum or in fewer than ten installments. In the event that the Committee shall elect
to make a lump sum payment of an Account of any Retired Outside Director (or to make
payment thereof in fewer than ten annual installments), the payment of such lump sum
shall be made (or such installments shall commence) on the fifth business day following
the Conversion Date in respect of such Retired Outside Director.

(F) In the even of the death of an Outside Director, the entire balance of his or her
Accounts shall be eligible for payment which shall be made in a lump sum on the
Conversion Date for his or her Accounts.

(G) In the event of the death of a Retired Outside Director, the entire balance of his
or her Accounts(s) shall be paid on the Conversion Date for his or her Accounts (if it
has not occurred) or on the next occurring anniversary thereof.

	12.	 	Designation of Beneficiary. A Participant may designate a person or persons
(the “Beneficiary”) to receive, after the Participant’s death, any remaining benefits
payable under the Plan. Such designation shall be made by the Participant on a form
prescribed by the Committee. The Participant may at any time change or revise such
designation by filing a new form with the Committee. The person or persons named as
beneficiary in the designation of beneficiary form duly completed and filed with the
Company bearing the most recent date will be the Beneficiary. All payments due under the
Plan after the death of a Participant shall be made to his or her Beneficiary, except
that (I) if the Participant does not designate a Beneficiary or the Beneficiary
predeceases the Participant, any remaining benefits payable under the Plan after the
Participant’s death shall be paid to the Participant’s estate, and (ii) if the
Beneficiary survives the Participant but dies prior to receiving the benefits payable
under the Plan, the benefits under the Plan shall be paid to the Beneficiary’s estate.

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	13.	 	Amendment and Termination. The Board may at any time, or from time to time,
amend or terminate the Plan; provided, however, that no such amendment or termination
shall reduce Plan benefits which accrued prior to such amendment or termination without
the prior written consent of each person entitled to receive benefits under the Plan who
is adversely affected by such action; and, provided further, that the Plan shall not be
amended more frequently than once every six months, other than to comply with changes in
the Internal Revenue Code, the Employee Retirement Income Security Act, or the rules
promulgated thereunder.
	 
	14.	 	Plan Unfunded, Rights Unsecured. The Plan is unfunded. Each Account under the
plan represents only a general contractual conditional obligation of the Company to pay
in cash the balance thereof in accordance with the provisions of the Plan.
	 
	15.	 	Assignability. All payments under the Plan shall be made only to the
Participant or his or
	 
	 	 	her duly designated Beneficiary (in the event of his or her death). Except pursuant to
Section 12 or the laws of descent and distribution and except as may be required by law,
the right to receive payments under the Plan may not be assigned or transferred by, and
are not subject to the claims of creditors of, any Participant or his or her Beneficiary
during his or her lifetime.
	 
	16.	 	Change in the Common Stock. In the event of any stock dividend, stock split,
recapitalization, merger, split-up or other change affecting the Common Stock of the
Company, the Units in each Account shall be adjusted in the same manner and proportion as
the change to the Common Stock.
	 
	17.	 	Quarterly Statements of Accounts — Valuation. Each calendar quarter the Company
will prepare and send to each Participant a statement reporting the status of his or her
Account or Accounts as of the close of business on the last business day of the prior
calendar quarter. To the extent an Account is denominated in Units, the value of the
Units will be reported at the Fair Market Value of the Common Stock on the relevant
valuation date.
	 
	18.	 	No Other Rights. Neither the establishment of the Plan, nor any action taken
thereunder, shall in any way obligate the Company to nominate an Outside Director for
re-election or continue to retain an Outside Director on the Board or confer upon any
Outside Director any other rights in respect of the Company.
	 
	19.	 	Successors of the Company. The Pan shall be binding upon any successor to the
Company, whether by merger, acquisition, consolidation or otherwise.
	 
	20.	 	Law Governing. The Plan shall be governed by the laws of the State of Ohio.

7<PAGE>

                                                                    EXHIBIT 10.4
                                                                    PART I

                       The Goodyear Tire & Rubber Company

                          Stock Option Grant Agreement

Name
Title

The Directors of The Goodyear Tire & Rubber Company (the "Company") desire to
encourage and facilitate ownership of the Common Stock of the Company (the
"Common Stock") by key employees and to provide for additional compensation
based on appreciation of the Common Stock, thereby providing incentive to
promote continued growth and success of the Company's business. Accordingly, the
2005 Performance Plan of The Goodyear Tire & Rubber Company (the "Plan") was
adopted effective April 26, 2005. A copy of the Plan is attached.

                         Granted to:
                                SSN:
                         Grant Date:
                    Options Granted:
                        Option Type:  Incentive
             Option Price per Share:  FMV on Grant Date
                    Expiration Date:  Ten Years from Grant Date

                   Vesting Schedule:  25% Per Year for Four Years

                                              /s/ Robert J. Keegan
                                              ----------------------------------
                                              The Goodyear Tire & Rubber Company
                                                             Date

By my signature below, I hereby acknowledge receipt of this Option granted on
the date shown above, which has been issued to me under the terms and conditions
of the Plan. I further acknowledge receipt of the copy of the Plan and agree to
conform to all of the terms and conditions of the Option and the Plan.

Signature: __________________________________        Date:______________________
                        Name

2005 Plan Master ISO

<PAGE>

ISO Grant Agreement (Cont'd)                                                Date

PART I - INCENTIVE STOCK OPTIONS

1. These Incentive Stock Options for the number of shares of Common Stock
indicated on the preceding page (the "Incentive Stock Options") are granted to
you under and are governed by the terms and conditions of the Plan and this
Grant Agreement. Your execution and return of the enclosed copy of page one of
this Grant Agreement acknowledging receipt of the Incentive Stock Options
granted herewith constitutes your agreement to and acceptance of all terms and
conditions of the Plan and this Grant Agreement. You also agree that you have
read and understand this Grant Agreement.

2. You may exercise the Incentive Stock Options granted pursuant to this Grant
Agreement through (1) a cash payment in the amount of the full option exercise
price of the shares being purchased (including a simultaneous exercise and sale
of the shares of Common Stock thereby acquired and use of the proceeds from such
sale to pay the exercise price) (a "cash exercise"), (2) a payment in full
shares of Common Stock having a Fair Market Value (as defined in the Plan) on
the date of exercise equal to the full option exercise price of the shares of
Common Stock being purchased (a "share swap exercise"), or (3) a combination of
the cash exercise and share swap exercise methods. Any exercise of these
Incentive Stock Options shall be by notice stating the number of shares of
Common Stock to be purchased and the exercise method, accompanied with the
payment, or proper proof of ownership if the share swap exercise method is used.
You shall be required to meet the tax withholding obligations arising from any
exercise of Incentive Stock Options.

3. As further consideration for the Incentive Stock Options granted to you
hereunder, you must remain in the continuous employ of the Company or one or
more of its subsidiaries from the Date of Grant to the date or dates the
Incentive Stock Options become exercisable as set forth on page one of this
Grant Agreement before you will be entitled to exercise the Incentive Stock
Options granted. The Incentive Stock Options you have been granted shall not in
any event be exercisable after your termination of employment except for
Retirement, (defined as termination of employment at any age after 30 or more
years, or at age 55 or older with at least 10 years of continuous service with
the Company and its subsidiaries), death, or Disability (defined as termination
of employment while receiving benefits under a long-term disability income plan
maintained by the Company or one of its subsidiaries).

PART II - NON-QUALIFIED STOCK INVESTMENT OPTIONS

4. A Non-Qualified Stock Investment Option will be automatically granted to you,
immediately upon any satisfaction by you of the conditions specified below, on
the following terms and conditions:

Date of Grant:              The date of your exercise, at any time prior to
                            January 1, 2012, of an Incentive Stock option
                            granted herein by tendering shares of Common Stock
                            in payment of all or a portion of the exercise price
                            of such Incentive Stock Option.

Number of Common Shares     The number of shares of Common Stock you tendered in
Subject to Option:          the exercise of such Incentive Stock Option.

Option Price Per Share:     The Fair Market Value (as defined in the Plan) of
                            the Common Stock on the date you exercised such
                            Incentive Stock Option by tendering shares of Common
                            Stock.

Exercise Period:            100% exercisable at any time during the period
                            beginning on the first anniversary of its date of
                            grant and ending on (the expiration date of the
                            Incentive grant indicated on page 1 of this grant
                            agreement).

2005 Plan Master ISO

                                                                     Page 2 of 4

<PAGE>

ISO Grant Agreement (Cont'd)                                                Date

PART II - NON-QUALIFIED STOCK INVESTMENT OPTIONS (Cont'd)

5. The Non-Qualified Stock Investment Options are granted under and are governed
by the terms and conditions of the Plan and this Grant Agreement. The number of
shares of Common Stock subject to each grant is determined by the number of
shares of Common Stock you tender to the Company in your exercise of an
Incentive Stock Option granted pursuant to this Agreement. The Option price per
share of the Non-Qualified Stock Investment Option shall be the Fair Market
Value (as defined in the Plan) of Common Stock on the date you exercise an
Incentive Stock Option as aforesaid. In order to accept this Option grant, you
must tender shares of Common Stock in the exercise of an Incentive Stock Option
prior to January 1, 2012.

6. You may exercise the Non-Qualified Stock Investment Options granted pursuant
to this Grant Agreement through (1) a cash payment in the amount of the full
option exercise price of the shares being purchased (including a simultaneous
exercise and sale of the shares of Common Stock thereby acquired and use of the
proceeds from such sale to pay the exercise price) (a "cash exercise"), (2) a
payment in full shares of Common Stock having a Fair Market Value (as defined in
the Plan) on the date of exercise equal to the full option exercise price of the
shares of Common Stock being purchased (a "share swap exercise"), or (3) a
combination of the cash exercise and share swap exercise methods. Any exercise
of these Non-Qualified Stock Investment Options shall be by notice stating the
number of shares of Common Stock to be purchased and the exercise method,
accompanied with the payment, or proper proof of ownership if the share swap
exercise method is used. You shall be required to meet the tax withholding
obligations arising from any exercise of Non-Qualified Stock Investment Options.

7. As further consideration for each Non-Qualified Stock Investment Option
granted to you hereunder, you must remain in the continuous employ of the
Company or one or more of its subsidiaries for twelve months following the Date
of Grant in respect thereof (as defined at paragraph 4 above) before you will be
entitled to exercise such Non-Qualified Stock Investment Option. Any
Non-Qualified Stock Investment Option granted shall not in any event be
exercisable after your termination of employment except for Retirement, death,
or Disability.

Part III - GENERAL PROVISIONS

8. In the event of your Retirement, the Incentive Stock Options, to the extent
they are exercisable, or they become exercisable pursuant to this paragraph,
shall remain exercisable for the remainder of the exercise period as
Non-Qualified Stock Options. The Options terminate automatically and shall not
be exercisable by you from and after the date on which you cease to be an
employee of the Company or one of its subsidiaries for any reason other than
your death, Retirement or Disability. In the event of your death, Retirement or
Disability while an employee of the Company or one of its subsidiaries (and
having been an employee continuously since the Date of Grant) during the
exercise period on any date which is more than six (6) months after the Date of
Grant of the Incentive Stock Options specified on the first page of this Grant
Agreement or more than six (6) months after the Date of Grant of Non-Qualified
Stock Investment Options specified at paragraph 4 of this Grant Agreement, the
Options shall become immediately exercisable and, except as provided below in
the event of your death while an employee, shall be exercisable by you for the
remainder of the term of the Option grant. In the event of your death while an
employee, the Options may be exercised up to three years after date of death by
the person or persons to whom your rights in the options passed by your will or
according to the laws of descent and distribution. Nothing contained herein
shall restrict the right of the Company or any of its subsidiaries to terminate
your employment at any time, with or without cause.

2005 Plan Master ISO

                                                                     Page 3 of 4

<PAGE>

ISO Grant Agreement (Cont'd)                                                Date

PART III - GENERAL PROVISIONS (Cont'd)

9. The Options shall not in any event be exercisable after the expiration of ten
years from the Date of Grant specified on the first page of this Grant Agreement
and, to the extent not exercised, shall automatically terminate at the end of
such ten-year period.

10. Certificates for the shares of Common Stock purchased will be deliverable to
you or your agent, duly accredited to the satisfaction of the Company, at the
principal office of the Company in Akron, Ohio, or at such other place
acceptable to the Company as may be designated by you.

11. In the event you retire or otherwise terminate your employment with the
Company or a subsidiary and within 18 months after such termination date you
accept employment with a competitor of, or otherwise engage in competition with,
the Company, the Committee, in its sole discretion, may require you to return,
or (if not received) to forfeit, to the Company the economic value of the
Options granted hereunder which you have realized or obtained by your exercise
at any time on or after the date which is six months prior to the date of your
termination of employment with the Company. Additionally, if you have retired
from the Company, all Options granted to you hereunder which you have not
exercised prior to your competitive engagement shall be automatically cancelled.

12. Each Option granted is not transferable by you otherwise than by will or the
laws of descent and distribution, and is exercisable during your lifetime only
by you.

13. All rights conferred upon you under the provisions of this Grant Agreement
are personal and, except under the provisions of paragraph 12 of this Grant
Agreement, no assignee, transferee or other successor in interest shall acquire
any rights or interests whatsoever under this Grant Agreement, which is made
exclusively for the benefit of you and the Company.

14. Any notice to you under this Grant Agreement shall be sufficient if in
writing and if delivered to you or mailed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this
agreement shall be sufficient if in writing and if delivered to the Executive
Compensation Department of the Company in Akron, Ohio, or mailed by registered
mail directed to the Company for the attention of the Executive Compensation
Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you or the
Company may, by written notice, change the address. This agreement shall be
construed and shall take effect in accordance with the laws of the State of
Ohio.

15. Each Option may be exercised only at the times and to the extent, and is
subject to all of the terms and conditions, set forth in this Grant Agreement,
and in the Plan, including any rule or regulation adopted by the Committee.

2005 Plan Master ISO

                                                                     Page 4 of 4

<PAGE>

                                                                         PART II

                       The Goodyear Tire & Rubber Company

                          Stock Option Grant Agreement

Name
Title

The Directors of The Goodyear Tire & Rubber Company (the "Company") desire to
encourage and facilitate ownership of the Common Stock of the Company (the
"Common Stock") by key employees and to provide for additional compensation
based on appreciation of the Common Stock, thereby providing incentive to
promote continued growth and success of the Company's business. Accordingly, the
2005 Performance Plan of The Goodyear Tire & Rubber Company (the "Plan") was
adopted effective April 26, 2005. A copy of the Plan is attached.

                           Granted to:
                                  SSN:
                           Grant Date:
                      Options Granted:
                          Option Type:  Non-Qualified
               Option Price per Share:  FMV on Grant Date
                      Expiration Date:  Ten Years from Grant Date

                     Vesting Schedule:  25% Per Year for Four Years

                                              /s/ Robert J. Keegan
                                              ----------------------------------
                                              The Goodyear Tire & Rubber Company
                                                            Date

By my signature below, I hereby acknowledge receipt of this Option granted on
the date shown above, which has been issued to me under the terms and conditions
of the Plan. I further acknowledge receipt of the copy of the Plan and agree to
conform to all of the terms and conditions of the Option and the Plan.

Signature:__________________________________         Date:______________________
                       Name

2005 Plan Master NQ

<PAGE>

NQ Grant Agreement (Cont'd)                                                 Date

PART I - NON-QUALIFIED STOCK OPTIONS

1. These Non-Qualified Stock Options for the number of shares of Common Stock
indicated on the preceding page (the "Non-Qualified Stock Options") are granted
to you under and are governed by the terms and conditions of the Plan and this
Grant Agreement. Your execution and return of the enclosed copy of page one of
this Grant Agreement acknowledging receipt of the Non-Qualified Stock Options
granted herewith constitutes your agreement to and acceptance of all terms and
conditions of the Plan and this Grant Agreement. You also agree that you have
read and understand this Grant Agreement.

2. You may exercise the Non-Qualified Stock Options granted pursuant to this
Grant Agreement through (1) a cash payment in the amount of the full option
exercise price of the shares being purchased (including a simultaneous exercise
and sale of the shares of Common Stock thereby acquired and use of the proceeds
from such sale to pay the exercise price) (a "cash exercise"), (2) a payment in
full shares of Common Stock having a Fair Market Value (as defined in the Plan)
on the date of exercise equal to the full option exercise price of the shares of
Common Stock being purchased (a "share swap exercise"), or (3) a combination of
the cash exercise and share swap exercise methods. Any exercise of these
Non-Qualified Stock Options shall be by notice stating the number of shares of
Common Stock to be purchased and the exercise method, accompanied with the
payment, or proper proof of ownership if the share swap exercise method is used.
You shall be required to meet the tax withholding obligations arising from any
exercise of Non-Qualified Stock Options.

3. As further consideration for the Non-Qualified Stock Options granted to you
hereunder, you must remain in the continuous employ of the Company or one or
more of its subsidiaries from the Date of Grant to the date or dates the
Non-Qualified Stock Options become exercisable as set forth on page one of this
Grant Agreement before you will be entitled to exercise the Non-Qualified Stock
Options granted. The Non-Qualified Stock Options you have been granted shall not
in any event be exercisable after your termination of employment except for
Retirement (defined as termination of employment at any age after 30 or more
years, or at age 55 or older with at least 10 years of continuous service with
the Company and its subsidiaries), death, or Disability (defined as termination
of employment while receiving benefits under a long-term disability income plan
maintained by the Company or one of its subsidiaries).

PART II - NON-QUALIFIED STOCK INVESTMENT OPTIONS

4. A Non-Qualified Stock Investment Option will be automatically granted to you,
immediately upon any satisfaction by you of the conditions specified below, on
the following terms and conditions:

Date of Grant:              The date of your exercise, at any time prior to
                            January 1, 2012, of a Non-Qualified Stock Option
                            granted herein by tendering shares of Common Stock
                            in payment of all or a portion of the exercise price
                            of such Non-Qualified Stock Option.

Number of Common Shares     The number of shares of Common Stock you tendered in
Subject to Option:          the exercise of such Non-Qualified Stock Option plus
                            the number of shares, if any, withheld by the
                            Company to satisfy required tax withholdings.

Option Price Per Share:     The Fair Market Value (as defined in the Plan) of
                            the Common Stock on the date you exercised such
                            Non-Qualified Stock Option by tendering shares of
                            Common Stock.

Exercise Period:            100% exercisable at any time during the period
                            beginning on the first anniversary of its date of
                            grant and ending on (the expiration date of the
                            Non-Qualified grant indicated on page 1 of this
                            grant agreement).

2005 Plan Master NQ

                                                                     Page 2 of 4

<PAGE>

NQ Grant Agreement (Cont'd)                                                 Date

PART II - NON-QUALIFIED STOCK INVESTMENT OPTIONS (Cont'd)

5. The Non-Qualified Stock Investment Options are granted under and are governed
by the terms and conditions of the Plan and this Grant Agreement. The number of
shares of Common Stock subject to each grant is determined by the number of
shares of Common Stock you tender to the Company in your exercise of a
Non-Qualified Stock Option granted pursuant to this Agreement. The Option price
per share of the Non-Qualified Stock Investment Option shall be the Fair Market
Value (as defined in the Plan) of the Common Stock on the date you exercise a
Non-Qualified Stock Option as aforesaid. In order to accept this Non-Qualified
Stock Investment Option Grant, you must tender shares of Common Stock in the
exercise of a Non-Qualified Stock Option prior to January 1, 2012.

6. You may exercise the Non-Qualified Stock Investment Options granted pursuant
to this Grant Agreement through (1) a cash payment in the amount of the full
option exercise price of the shares being purchased (including a simultaneous
exercise and sale of the shares of Common Stock thereby acquired and use of the
proceeds from such sale to pay the exercise price) (a "cash exercise"), (2) a
payment in full shares of Common Stock having a Fair Market Value (as defined in
the Plan) on the date of exercise equal to the full option exercise price of the
shares of Common Stock being purchased (a "share swap exercise"), or (3) a
combination of the cash exercise and share swap exercise methods. Any exercise
of these Non-Qualified Stock Investment Options shall be by notice stating the
number of shares of Common Stock to be purchased and the exercise method,
accompanied with the payment, or proper proof of ownership if the share swap
exercise method is used. You shall be required to meet the tax withholding
obligations arising from any exercise of Non-Qualified Stock Investment Options.

7. As further consideration for each Non-Qualified Stock Investment Option
granted to you hereunder, you must remain in the continuous employ of the
Company or one or more of its subsidiaries for twelve months following the Date
of Grant in respect thereof (as defined at paragraph 4 above) before you will be
entitled to exercise such Non-Qualified Stock Investment Option. The
Non-Qualified Stock Investment Options you have been granted shall not in any
event be exercisable after your termination of employment except for Retirement,
death, or Disability.

III - GENERAL PROVISIONS

8. The Options terminate automatically and shall not be exercisable by you from
and after the date on which you cease to be an employee of the Company or one of
its subsidiaries for any reason other than your death, Retirement or Disability.
In the event of your death, Retirement or Disability while an employee of the
Company or one of its subsidiaries (and having been an employee continuously
since the Date of Grant) during the exercise period on any date which is more
than six (6) months after the Date of Grant of the Non-Qualified Stock Options
specified on the first page of this Grant Agreement or more than six (6) months
after the Date of Grant of Non-Qualified Stock Investment Options specified at
paragraph 4 of this Grant Agreement, the Options shall become immediately
exercisable and, except as provided below in the event of your death while an
employee, shall be exercisable by you for the remainder of the term of the
Option grant. In the event of your death while an employee, the Options may be
exercised up to three years after date of death by the person or persons to whom
your rights in the options passed by your will or according to the laws of
descent and distribution. Nothing contained herein shall restrict the right of
the Company or any of its subsidiaries to terminate your employment at any time,
with or without cause.

2005 Plan Master NQ

                                                                     Page 3 of 4

<PAGE>

NQ Grant Agreement (Cont'd)                                                 Date

PART III - GENERAL PROVISIONS (Cont'd)

9. The Options shall not in any event be exercisable after the expiration of ten
years from the Date of Grant specified on the first page of this Grant Agreement
and, to the extent not exercised, shall automatically terminate at the end of
such ten-year period.

10. Certificates for the shares of Common Stock purchased will be deliverable to
you or your agent, duly accredited to the satisfaction of the Company, at the
principal office of the Company in Akron, Ohio, or at such other place
acceptable to the Company as may be designated by you.

11. In the event you retire or otherwise terminate your employment with the
Company or a subsidiary and within 18 months after such termination date you
accept employment with a competitor of, or otherwise engage in competition with,
the Company, the Committee, in its sole discretion, may require you to return,
or (if not received) to forfeit, to the Company the economic value of the
Options granted hereunder which you have realized or obtained by your exercise
at any time on or after the date which is six months prior to the date of your
termination of employment with the Company. Additionally, if you have retired
from the Company, all Options granted to you hereunder which you have not
exercised prior to your competitive engagement shall be automatically cancelled.

12. Each Option granted is not transferable by you otherwise than by will or the
laws of descent and distribution, and is exercisable during your lifetime only
by you.

13. All rights conferred upon you under the provision of this Grant Agreement
are personal and, except under the provisions of paragraph 12 of this Grant
Agreement, no assignee, transferee or other successor in interest shall acquire
any rights or interests whatsoever under this Grant Agreement, which is made
exclusively for the benefit of you and the Company.

14. Any notice to you under this Grant Agreement shall be sufficient if in
writing and if delivered to you or mailed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this
agreement shall be sufficient if in writing and if delivered to the Executive
Compensation Department of the Company in Akron, Ohio, or mailed by registered
mail directed to the Company for the attention of the Executive Compensation
Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you or the
Company may, by written notice, change the address. This agreement shall be
construed and shall take effect in accordance with the laws of the State of
Ohio.

15. Each Option may be exercised only at the times and to the extent, and is
subject to all of the terms and conditions, set forth in this Grant Agreement,
and in the Plan, including any rule or regulation adopted by the Committee.

2005 Plan Master NQ

                                                                     Page 4 of 4

<PAGE>

                                                                        PART III

                       The Goodyear Tire & Rubber Company

                          Stock Option Grant Agreement

Name
Title

The Directors of The Goodyear Tire & Rubber Company (the "Company") desire to
encourage and facilitate ownership of the Common Stock of the Company (the
"Common Stock") by key employees and to provide for additional compensation
based on appreciation of the Common Stock, thereby providing incentive to
promote continued growth and success of the Company's business. Accordingly, the
2005 Performance Plan of The Goodyear Tire & Rubber Company (the "Plan") was
adopted effective April 26, 2005. A copy of the Plan is attached.

                          Granted to:
                                 SSN:
                          Grant Date:
                     Options Granted:
                         Option Type:  Non-Qualified/SAR
              Option Price per Share:  FMV on Grant Date
                     Expiration Date:  Ten Years from Grant Date

                    Vesting Schedule:  25% Per Year for Four Years

                                              /s/ Robert J. Keegan
                                              ----------------------------------
                                              The Goodyear Tire & Rubber Company
                                                             Date

By my signature below, I hereby acknowledge receipt of this Option granted on
the date shown above, which has been issued to me under the terms and conditions
of the Plan. I further acknowledge receipt of the copy of the Plan and agree to
conform to all of the terms and conditions of the Option and the Plan.

Signature:__________________________________         Date:______________________

2005 Plan Master NQSAR

<PAGE>

NQ/SAR Grant Agreement (Cont'd)                                             Date

1. These Non-Qualified Stock Options for the number of shares of Common Stock
indicated on the preceding page (the "Options") and the Stock Appreciation
Rights granted in tandem with the Options (the "SARs") are granted to you under
and are governed by the terms and conditions of the Plan and this Grant
Agreement. Your execution and return of the enclosed copy of page 1 of this
Grant Agreement acknowledging receipt of the Options and SARs granted herewith
constitutes your agreement to and acceptance of all terms and conditions of the
Plan and this Grant Agreement, including a recognition of the Company's right to
specify whether or not you may exercise either the Options or the SARs at the
time you notify the Company of your intent to exercise. In the event that you
are, or become subject to taxation under the laws of the United States of
America at any time prior to the expiration date, the grant hereunder shall be
deemed to be an Option and not a SAR for so long as you remain subject to such
tax laws. You also agree that you have read and understand this Grant Agreement.

2. If the Company approves the exercise of an Option, you may exercise the
Non-Qualified Stock Options granted pursuant to this Grant Agreement through (1)
a cash payment in the amount of the full option exercise price of the shares
being purchased (including a simultaneous exercise and sale of the shares of
Common Stock thereby acquired and use of the proceeds from such sale to pay the
exercise price) (a "cash exercise"), (2) a payment in full shares of Common
Stock having a Fair Market Value (as defined in the Plan) on the date of
exercise equal to the full option exercise price of the shares of Common Stock
being purchased (a "share swap exercise"), or (3) a combination of the cash
exercise and share swap exercise methods. Any exercise of these Non-Qualified
Stock Options shall be by notice stating the number of shares of the Common
Stock to be purchased and the exercise method, accompanied with the payment, or
proper proof of ownership if the share swap exercise method is used. You shall
be required to meet the tax withholding obligations arising from any exercise of
Non-Qualified Stock Options.

3. If the Company approves the exercise of the SARs, written notice must be
given to the Company stating the number of shares in the Options in respect of
which the SARs are being exercised. In due course, you will receive payment in
cash in an amount equal to the difference between the Fair Market Value (as
defined in the Plan) of one share of the Common Stock on the date of exercise of
the SARs and the Option Exercise Price per Share specified in respect of the
Options times the number of shares in respect of which the SARs shall have been
exercised. Such payment shall be subject to reduction for withholding taxes.

4. As further consideration for the Non-Qualified Stock Options and SARs granted
to you hereunder, you must remain in the continuous employ of the Company or one
or more of its subsidiaries from the Date of Grant to the date or dates the
Non-Qualified Stock Options and SARs become exercisable as set forth on page one
of this Grant Agreement before you will be entitled to exercise the
Non-Qualified Stock Options and SARs granted. The Non-Qualified Stock Options
and SARs you have been granted shall not in any event be exercisable after your
termination of employment except for Retirement (defined as termination of
employment at any age after 30 or more years, or at age 55 or older with at
least 10 years of continuous service with the Company and its subsidiaries),
death, or Disability (defined as termination of employment while receiving
benefits under a long-term disability income plan provided by a government or
sponsored by the Company or one of its subsidiaries).

2005 Plan Master NQSAR

                                                                     Page 2 of 4

<PAGE>

NQ/SAR Grant Agreement (Cont'd)                                             Date

5. The Options and SARs terminate automatically and shall not be exercisable by
you from and after the date on which you cease to be an employee of the Company
or one of its subsidiaries for any reason other than your death, Retirement or
Disability. In the event of your death, Retirement or Disability while an
employee of the Company or one of its subsidiaries (and having been an employee
continuously since the Date of Grant) during the exercise period on any date
which is more than six (6) months after the Date of Grant specified on the first
page of this Grant Agreement, the Options and SARs shall become immediately
exercisable and, except as provided below in the event of your death while an
employee, shall be exercisable by you for the remainder of the term of the
Option/SAR grant. In the event of your death while an employee, the Options and
SARs may be exercised up to three years after date of death by the person or
persons to whom your rights in the options passed by your will or according to
the laws of descent and distribution. Nothing contained herein shall restrict
the right of the Company or any of its subsidiaries to terminate your employment
at any time, with or without cause.

6. The Options and SARs you have been granted shall not in any event be
exercisable after the expiration of ten years from the Date of Grant specified
on the first page of this Grant Agreement and, to the extent not exercised,
shall automatically terminate at the end of such ten-year period.

7. Certificates for shares of the Common Stock purchased will be deliverable to
you or your agent, duly accredited to the satisfaction of the Company, at the
principal office of the Company in Akron, Ohio, or at such other place
acceptable to the Company as may be designated by you.

8. In the event you retire or otherwise terminate your employment with the
Company or a subsidiary and within 18 months after such termination date you
accept employment with a competitor of, or otherwise engage in competition with,
the Company, the Committee, in its sole discretion, may require you to return,
or (if not received) to forfeit, to the Company the economic value of the
Options or SARs which you have realized or obtained by your exercise of the
Options or SARs granted hereunder at any time on or after the date which is six
months prior to the date of your termination of employment with the Company.
Additionally, if you have retired from the Company, all Options or SARs which
are granted to you hereunder and which you have not exercised prior to your
competitive engagement shall be automatically cancelled.

9. Each Option and SAR are not transferable by you otherwise than by will or the
laws of descent and distribution, and are exercisable during your lifetime only
by you.

10. All rights conferred upon you under the provisions of this Grant Agreement
are personal and, except under the provisions of paragraph 9 of this Grant
Agreement, no assignee, transferee or other successor in interest shall acquire
any rights or interests whatsoever under this Grant Agreement, which is made
exclusively for the benefit of you and the Company.

2005 Plan Master NQSAR

                                                                     Page 3 of 4

<PAGE>

NQ/SAR Grant Agreement (Cont'd)                                             Date

11. Any notice to you under this Grant Agreement shall be sufficient if in
writing and if delivered to you or mailed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this
agreement shall be sufficient if in writing and if delivered to the Executive
Compensation Department of the Company in Akron, Ohio, or mailed by registered
mail directed to the Company for the attention of the Executive Compensation
Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you or the
Company may, by written notice, change the address. This Grant Agreement shall
be construed and shall take effect in accordance with the laws of the State of
Ohio.

12. Each Option and/or SAR may be exercised only at the times and to the extent,
and is subject to all of the terms and conditions, set forth in this Grant
Agreement, and in the Plan, including any rule or regulation adopted by the
Committee.

13. Your purchase of shares of Common Stock pursuant to the Options shall
automatically reduce by a like number the shares subject to the SARs and,
conversely, your exercise of any SARs shall automatically reduce by a like
number the shares of the Common Stock available for purchase by you under the
Options.

14. In agreeing to accept this grant, you clearly acknowledge that The Goodyear
Tire & Rubber Company assumes no responsibility for any regulatory or tax
consequences that arise from either the grant or exercise of the Options or the
SARs, whether under U.S. or foreign law, rules, regulations or treaties.

15. Prior to the exercise of an Option or SAR, written notice must be given to
the Company of your intent to exercise. The Company will then advise you whether
or not you may exercise a Stock Option or an SAR and upon receiving such advice
you may then exercise the Stock Option or the SAR.

2005 Plan Master NQSAR

                                                                     Page 4 of 4
<PAGE>

                                                                         PART IV

                       The Goodyear Tire & Rubber Company

                                 Grant Agreement

(NAME)
(TITLE)

You have been granted Non-Qualified Stock Options for the purchase of Common
Stock as follows:

                            Granted to:
                                   SSN:
                            Grant Date:
                       Options Granted:
                           Option Type:     Non-Qualified
                Option Price per Share:     $
                       Expiration Date:

These Non-Qualified Stock Options have been granted to you by the Board of
Directors of The Goodyear Tire & Rubber Company (the "Company") under the 2005
Performance Plan (the "Plan") and pursuant to the terms of that certain Grant
Agreement dated ( ), whereby you were granted Non-Qualified Stock Investment
Options to purchase shares of the Common Stock of the Company (the "Common
Stock") upon satisfaction of the conditions set forth in said Grant Agreement.
You have satisfied said conditions and, accordingly, you are hereby
automatically granted under the Plan Non-Qualified Stock Options for the above
specified number of shares of Common Stock on and subject to the terms and
conditions set forth herein.

Your option shares become 100% exercisable (one year from date of grant).

                                        ----------------------------------------
                                        The Goodyear Tire & Rubber Company

By my signature below, I hereby acknowledge receipt of this Option granted on
the date shown above, which has been issued to me under the terms and conditions
of the Plan. I further acknowledge receipt of the copy of the Plan and agree to
conform to all of the terms and conditions of the Option and the Plan.

Signature:________________________      Date:______________________

                                                                            3-33

<PAGE>

NQ Grant Agreement (Cont'd)                                     2005 Plan Reload

PART I - NON-QUALIFIED STOCK OPTIONS

1. These Non-Qualified Stock Options for the number of shares of Common Stock
indicated on the preceding page (the "Non-Qualified Stock Options") are granted
to you under and are governed by the terms and conditions of the Plan and this
Grant Agreement. Your execution and return of the enclosed copy of page one of
this Grant Agreement acknowledging receipt of the Non-Qualified Stock Options
granted herewith constitutes your agreement to and acceptance of all terms and
conditions of the Plan and this Grant Agreement. You also agree that you have
read and understand this Grant Agreement.

2. You may exercise the Non-Qualified Stock Options granted pursuant to this
Grant Agreement through (1) a cash payment in the amount of the full option
exercise price of the shares being purchased (including a simultaneous exercise
and sale of the shares of Common Stock thereby acquired and use of the proceeds
from such sale to pay the exercise price) (a "cash exercise"), (2) a payment in
full shares of Common Stock having a Fair Market Value (as defined in the Plan)
on the date of exercise equal to the full option exercise price of the shares of
Common Stock being purchased (a "share swap exercise"), or (3) a combination of
the cash exercise and share swap exercise methods. Any exercise of these
Non-Qualified Stock Options shall be by written notice to the Company stating
the number of shares of Common Stock to be purchased and the exercise method,
accompanied with the payment, or proper proof of ownership if the share swap
exercise method is used. You shall be required to meet the tax withholding
obligations arising from any exercise of Non-Qualified Stock Options.

3. As further consideration for the Non-Qualified Stock Options granted to you
hereunder, you must remain in the continuous employ of the Company or one or
more of its subsidiaries from the Date of Grant to the date or dates the
Non-Qualified Stock Options become exercisable as set forth on page one of this
Grant Agreement before you will be entitled to exercise the Non-Qualified Stock
Options granted. The Non-Qualified Stock Options you have been granted shall not
in any event be exercisable after your termination of employment except for
Retirement (defined as termination of employment at any age after 30 or more
years of continuous service with the Company and its subsidiaries, or at age 55
or older with at least 10 years of continuous service with the Company and its
subsidiaries), death, or Disability (defined as termination of employment while
receiving benefits under a long-term disability income plan maintained by the
Company or one of its subsidiaries).

PART II - GENERAL PROVISIONS

4. The Options terminate automatically and shall not be exercisable by you from
and after the date on which you cease to be an employee of the Company or one of
its subsidiaries for any reason other than your death, Retirement or Disability.
In the event of your death, Retirement or Disability while an employee of the
Company or one of its subsidiaries (and having been an employee continuously
since the Date of Grant) during the exercise period on any date which is more
than six (6) months after the Date of Grant of the Non-Qualified Stock Options
specified on the first page of this Grant Agreement, the Options shall become
immediately exercisable and, except as provided below in the event of your death
while an employee, shall be exercisable by you for the remainder of the term of
the Option grant. In the event of your death while an employee, the Options may
be exercised up to three years after date of death by the person or persons to
whom your rights in the options passed by your will or according to the laws of
descent and distribution. Nothing contained herein shall restrict the right of
the Company or any of its subsidiaries to terminate your employment at any time,
with or without cause.

                                                                     Page 2 of 3

                                                                            3-33

<PAGE>

NQ Grant Agreement (Cont'd)                                     2005 Plan Reload

PART II - GENERAL PROVISIONS (Cont'd)

5. The Options shall not in any event be exercisable after the Option Expiration
Date specified on the first page of this Grant Agreement and, to the extent not
exercised, shall automatically terminate at the close of business on the day
prior to the Stock Option Expiration Date.

6. Certificates for the shares of Common Stock purchased will be deliverable to
you or your agent, duly accredited to the satisfaction of the Company, at the
principal office of the Company in Akron, Ohio, or at such other place
acceptable to the Company as may be designated by you.

7. In the event you retire or otherwise terminate your employment with the
Company or a subsidiary and within 18 months after such termination date you
accept employment with a competitor of, or otherwise engage in competition with,
the Company, the Committee, in its sole discretion, may require you to return,
or (if not received) to forfeit, to the Company the economic value of the
Options granted hereunder which you have realized or obtained by your exercise
at any time on or after the date which is six months prior to the date of your
termination of employment with the Company. Additionally, if you have retired
from the Company, all Options granted to you hereunder which you have not
exercised prior to your competitive engagement shall be automatically cancelled.

8. Each Option granted is not transferable by you otherwise than by will or the
laws of descent and distribution, and is exercisable during your lifetime only
by you.

9. All rights conferred upon you under the provision of this Grant Agreement are
personal and, except under the provisions of paragraph 8 of this Grant
Agreement, no assignee, transferee or other successor in interest shall acquire
any rights or interests whatsoever under this Grant Agreement, which is made
exclusively for the benefit of you and the Company.

10. Any notice to you under this Grant Agreement shall be sufficient if in
writing and if delivered to you or mailed to you at the address on record in the
Executive Compensation Department. Any notice to the Company under this
agreement shall be sufficient if in writing and if delivered to the Executive
Compensation Department of the Company in Akron, Ohio, or mailed by registered
mail directed to the Company for the attention of the Executive Compensation
Department at 1144 East Market Street, Akron, Ohio 44316-0001. Either you or the
Company may, by written notice, change the address. This agreement shall be
construed and shall take effect in accordance with the laws of the State of
Ohio.

11. Each Option may be exercised only at the times and to the extent, and is
subject to all of the terms and conditions, set forth in this Grant Agreement,
and in the Plan, including any rule or regulation adopted by the Committee.

                                                                     Page 3 of 3

                                                                            3-33

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