Document:

EX-10.7

Exhibit 10.7

AMENDMENT NO. 1 TO EXECUTIVE EMPLOYMENT AGREEMENT

     THIS AMENDMENT NO. 1 TO EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) is made effective as
of the 2nd day of October, 2007, by and between Mylan Inc., a Pennsylvania corporation
formerly known as Mylan Laboratories Inc. (the “Company”), and Rajiv Malik (“Executive”).

     WHEREAS, the Company and Executive are party to that certain Executive Employment Agreement
dated as of January 31, 2007 (the “Agreement”), pursuant to which the Company agreed to employ
Executive, and Executive accepted such employment, as more particularly described in the Agreement;
and

     WHEREAS, the Company and Executive desire to amend the Agreement in accordance with Section 14
thereof, upon the terms and conditions set forth herein;

     NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

     1. Section 4(b) of the Agreement is hereby amended to change the percentage for the
discretionary Annual Bonus opportunity from seventy-five percent (75%) to one hundred percent
(100%).

     2. (a) The parties acknowledge and agree that this Amendment is an integral part of the
Agreement. Notwithstanding any provision of the Agreement to the contrary, in the event of any
conflict between this Amendment and the Agreement or any part of either of them, the terms of this
Amendment shall control.

          (b) Except as expressly set forth herein, the terms and conditions of the Agreement are and
shall remain in full force and effect.

          (c) The Agreement, as amended hereby, sets forth the entire understanding of the parties with
respect to the subject matter thereof and hereof.

          (d) This Amendment shall be governed by, interpreted under and construed in accordance with
the laws of the Commonwealth of Pennsylvania.

          (e) This Amendment may be executed in any number of counterparts, each of which shall be an
original and all of which shall constitute one and the same document.

 

 

     IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the day and year
first above written.

	 	 	 	 	 
	 	MYLAN INC.

 	 
	 	By:  	/s/ Robert J. Coury
 	 
	 	  	Name: Robert J. Coury 	 
	 	  	Title:   Vice Chairman & CEO 	 
	 
	 	EXECUTIVE:

 	 
	 	/s/ Rajiv Malik
 	 
	 	Rajiv Malik 	 
	 	 	 
	 

-2-EX-10.1

Exhibit 10.1

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of April
16th, 2008 (the “Effective Date”), by and between Dana Holding Corporation, a Delaware
corporation (the “Company”) and Gary L. Convis (the “Executive”) (the Company and the Executive,
collectively, the “Parties,” and each, a “Party”). In addition to the terms defined elsewhere
herein, initial capitalized terms are defined in Section 29.

WITNESSETH:

     WHEREAS, the Executive and the Company desire to enter into this Agreement.

     NOW, THEREFORE, in consideration of the premises and of the covenants and agreements set forth
herein and for other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the Company and the Executive agree as follows:

	 	1.	 	Employment. 

	 	(a)	 	The Company will employ the Executive and the Executive
will be employed by the Company upon the terms and conditions set forth
herein.
	 
	 	(b)	 	The employment relationship between the Company and the
Executive will be governed by the general employment policies and practices
of the Company, including without limitation, those relating to the Company’s
Standards of Business Conduct, confidential information and avoidance of
conflicts, except that when the terms of this Agreement differ from or are in
conflict with the Company’s general employment policies or practices, this
Agreement will control.

	 	2.	 	Term. Subject to termination under Section 9, the Executive’s
employment will be for an initial term of 12 months commencing on the Effective Date
and will continue through the first anniversary of the Effective Date (the “Initial
Employment Term”). At the end of the Initial Employment Term and on each succeeding
anniversary of the Effective Date, the Employment Term will be automatically extended
by an additional 12 months (each, a “Renewal Term”), unless not less than 30 days prior
to the end of the Initial Employment Term or any Renewal Term, either the Executive or
the Company has given the other written notice (in accordance with Section 20) of
non-renewal. The Executive will provide the Company with written notice of his intent
to terminate employment with the Company at least 30 days prior to the effective date
of such termination.

	 	3.	 	Position and Duties of the Executive.

	 	(a)	 	The Executive will have such duties, responsibilities and
authority as may be assigned to the Chief Executive Officer from time to time
by the

 

	 	 	 	Board of Directors of the Company (the “Board”), any committee or person
delegated by the Board or the Chairman of the Board of Directors (the
“Chairman”) to whom the Executive will report. The Executive will remain
a member of the Board of Directors of the Company during the term of this
Agreement (although surrendering outside director compensation) and agrees
to serve as an officer of any enterprise and/or agrees to be an employee
of any Subsidiary as may be requested from time to time by the Chairman or
the Board.
	 
	 	(b)	 	So long as such activities do not involve a breach of
Section 3(a) or Sections 10, 11, 12 or 13 hereof and do not significantly
interfere with the performance of his duties hereunder, the Executive may
participate in any governmental, educational, charitable or other community
affairs during the Employment Term and, subject to the prior approval of the
Board in its discretion, serve as a member of the governing board of any such
organization. The Executive may retain all fees and other compensation from
any such service, and Company shall not reduce his compensation by the amount
of such fees. The Executive may not accept any position during the
Employment Term with a for-profit enterprise without the prior approval of
the Board in its discretion.

	 	4.	 	Compensation.

	 	(a)	 	Base Salary. During the Employment Term, the
Company will pay to the Executive an annual base salary of $1,200,000.00 (the
“Base Salary”), which Base Salary will be payable at the times and in the
manner consistent with the Company’s general policies regarding compensation
of the Company’s senior executives. The Base Salary will be reviewed
periodically by the Compensation Committee and may be increased (but not
decreased, except for across-the-board reductions generally applicable to the
Company’s senior executives) from time to time in the Compensation
Committee’s sole discretion.
	 
	 	(b)	 	Sign-on Incentive. The Company will pay a sign-on
incentive to the Executive in the amount of 766,900 common stock options, ten
year term, vesting ratably over three years and valued in accordance with
the Black-Scholes method based on the current market price of the Company’s
shares as of the date he commences employment pursuant to this Agreement. The
terms of this Agreement will supersede and take precedence over any terms of
the Nonqualified Stock Option Agreement to the extent the terms of the
Nonqualified Stock Option Agreement are contradictory or inconsistent with
the terms of this Agreement.
	 
	 	(c)	 	Incentive Compensation. The Executive will be
eligible to participate in any short-term and long-term incentive
compensation plans, annual bonus plans and such other management incentive
programs or arrangements of the Company approved by the Board or the

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	 	 	 	Compensation Committee that are generally available to the Company’s
senior executives, including, but not limited to, the STIP, and the LTSIP.

	 	(i)	 	Annual Performance Bonus. During
the Employment Term, the Executive will be eligible to participate in
the STIP, with a target bonus of 200% of base salary as may be
determined by the Compensation Committee in its sole discretion (an
“Annual Bonus Award”).
	 
	 	(ii)	 	Long-Term Performance Bonus.
During the Employment Term, the Executive will be eligible to
participate in any long-term incentive award program with such
opportunities, if any, as may be determined by the Compensation
Committee.
	 
	 	(iii)	 	Incentive compensation, including Annual
Bonus Award and any long-term incentive award, if earned, will be paid
when incentive compensation is customarily paid to the Company’s
senior executives in accordance with the terms of the applicable
plans, programs or arrangements.
	 
	 	(iv)	 	Pursuant to the Company’s applicable
incentive or bonus plans as in effect from time to time, the
Executive’s incentive compensation during the term of this Agreement
may be determined according to criteria intended to qualify as
performance-based compensation under Section 162(m) of the Code.

	 	(d)	 	Buyout. The Executive will receive a payment of
$765, 356.00 for the purpose of making the Executive whole from forfeited
compensation from his prior employer.

	 	5.	 	Benefits. 

	 	(a)	 	During the Employment Term, the Company will make available
to the Executive, subject to the terms and conditions of the applicable
plans, participation for the Executive and his eligible dependents in: (i)
Company-sponsored employee welfare benefit plans, programs and arrangements
(the “Employee Plans”) and such other usual and customary benefits in which
senior executives of the Company participate from time to time, and (ii) such
fringe benefits and perquisites as may be made available to senior executives
(including but not limited to inclusion in any future change of control plan
or agreement adopted by the Company), provided however, that eligibility for
D & O indemnity insurance and other benefits and perquisites available from
plans and programs provided specifically to other executive officers will be
immediate upon the beginning of his employment with the Company in accordance
with the specific terms of such plans and programs.

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	 	(b)	 	The Executive acknowledges that the Company may change its
benefit programs from time to time which may result in certain benefit
programs being amended or terminated for its senior executives generally.

	 	6.	 	Expenses. The Company will pay or reimburse the Executive for
reasonable and necessary business expenses incurred by the Executive in connection with
his duties on behalf of the Company in accordance with the policies, as may be amended
from time to time, or any successor policy, plan program or arrangement thereto and any
other of its expense policies applicable to senior executives of the Company,
including, but not limited to, temporary living expenses and access to one of the
Company’s guest houses as required. Further, the Executive will be reimbursed for
reasonable temporary commuting expenses from his residence in California including use
of private aircraft up to 30 round trips in accordance with accepted procedures and
disclosures. To the extent any benefits received by the Executive under this Section 6
should be imputed as taxable income to the Executive, the Company will pay the
Executive an additional amount to alleviate all tax burdens associated with these
benefits, including the tax associated with such additional amounts.
	 
	 	7.	 	Vacation. In addition to such holidays, sick leave, personal leave and
other paid leave as is allowed under the Company’s policies applicable to senior
executives generally, the Executive will be entitled to twenty (20) days of paid
vacation per year, which vacation days shall accrued and be useable by Executive in
accordance with the Company’s standard vacation policies. Upon termination of
employment, the Company will promptly pay Executive any unused vacation days.
	 
	 	8.	 	Place of Performance. In connection with his employment by the
Company, the Executive will be based at the principal executive offices of the Company
in the greater Toledo, Ohio area (the “Place of Performance”).
	 
	 	9.	 	Termination. For purposes of this Section 9, no payment that would
otherwise be made and no benefit that would otherwise be provided upon a termination of
employment will be made or provided unless and until such termination of employment is
also a “Separation from Service” (as determined in accordance with Section 409A of the
Code).

	 	(a)	 	Termination by the Company for Cause or Resignation by
the Executive. If, during the Employment Term, the Executive’s
employment is terminated by Company for Cause, or if the Executive resigns,
the Executive will not be eligible to receive Base Salary or to participate
in any Employee Plans with respect to future periods after the date of such
termination or resignation, except for the right to receive accrued but
unpaid cash compensation as provided under any Employee Plan in accordance
with the terms of such Employee Plan and applicable law.
	 
	 	(b)	 	Termination by the Company Without Cause.

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	 	(i)	If, during the Initial Employment Term or the
first six months of the first Renewal Term if the Employment Term is
extended, the Executive’s employment is terminated by the Company
without Cause, in full satisfaction of the Executive’s rights and any
benefits the Executive might be entitled to under this Agreement, the
Executive will be entitled to receive from the Company:
	 
	 	 	(A)	 	the Executive’s accrued, but unpaid, Base
Salary through the date of termination of employment, payable in
accordance with the Company’s normal payroll practices;
	 
	 	 	(B)	 	continuation of his Base Salary in effect
immediately prior to the termination of his employment, which payments
will be paid to the Executive in equal installments on the regular
payroll dates under the Company’s payroll practices applicable to the
Executive at the time of termination for the duration of the Payment
Period, and each such payment will be a separate payment and not one of
a series of payments for purposes of Section 409A of the Code; and
	 
	 	 	(C)	 	a payment of the Annual Bonus Award at target
level, as referenced in Section 4(c)(i), for the year in which such
Termination without Cause shall occur..

	 	 	 	Any obligation of Company to make any payment pursuant to Section 9(b)(i)(B) is
conditioned upon the Executive first delivering to Company a release in the form
customarily used for the termination of executives (the “Release”) within 30
calendar days after termination of the Executive’s employment, with all periods for
revocation expired (the “Release Effective Date”).

	 	(ii)	 	Following the end of the 18 month period
described in Section 9(b)(i), the Executive will be subject to the
Company’s normal severance policy applicable to senior executives.

	 	(c)	 	Termination by Death or Disability. If the
Executive dies or becomes Disabled during the Employment Term, the
Executive’s employment will terminate and the Executive or his Executive’s
beneficiary or if none, the Executive’s estate, as the case may be, will be
entitled to receive from the Company, the Executive’s accrued, but unpaid
Base Salary through the date of termination of employment and any vested
benefits under any Employee Plan in accordance with the terms of such
Employee Plan and applicable law.
	 
	 	(d)	 	 No Mitigation Obligation. No amounts paid under
Section 9 will be reduced by any earnings that the Executive may receive from
any other source.
	 
	 	(e)	 	Forfeiture. Notwithstanding the foregoing, any
right of the Executive to receive termination payments and benefits hereunder
will be forfeited

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	 	 	 	upon any material breach of Section 10, 11, 12, 13 or 15 by the Executive.
	 
	 	(f)	 	Section 409A Delay. Notwithstanding any provisions
of Section 9 to the contrary, if the Executive is a “specified employee”
(within the meaning of Section 409A and determined pursuant to procedures
adopted by the Company) at the time of his Separation from Service and if any
portion of the payments or benefits to be received by the Executive under
Section 9 upon his separation from service would be considered deferred
compensation under Section 409A, then the following provisions will apply to
the relevant portion:

	 	(i)	 	Each portion of such payments and benefits that
would otherwise be payable pursuant to Section 9 during the six-month
period immediately following the Executive’s Separation from Service
(the “Delayed Period”) will instead be paid or made available on the
earlier of (i) the first business day of the seventh month following
the date the Executive incurs a Separation from Service and (ii) the
Executive’s death (the applicable date, the “Permissible Payment
Date”);
	 
	 	(ii)	 	With respect to any amount of expenses eligible
for reimbursement under Section 9, such expenses will be reimbursed by
the Company within 60 calendar days (or, if applicable, on the
Permissible Payment Date) following the date on which the Company
receives the applicable invoice from the Executive (and approves such
invoice) but in no event later than December 31 of the year following
the year in which the Executive incurs the related expenses;
	 
	 	(iii)	 	Payments delayed under Section 9 (other than the
delayed settlement of equity-based awards subject to Section 409A) as a
result of the application of Section 409A will not accrue interest. In
no event will the reimbursements or in-kind benefits to be provided by
the Company in one taxable year affect the amount of reimbursements or
in-kind benefits to be provided in any other taxable year, nor will the
Executive’s right to reimbursement or in-kind benefits be subject to
liquidation or exchange for another benefit; and
	 
	 	(iv)	 	Each payment under this Agreement will be
considered a “separate payment” and not of a series of payments for
purposes of Section 409A.

	 	10.	 	Confidential Information; Statements to Third Parties.

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	 	(a)	 	During the Employment Term and on a permanent basis upon
and following termination of the Executive’s employment, the Executive
acknowledges that:

	 	(i)	 	all information, whether or not reduced to
writing (or in a form from which information can be obtained,
translated, or derived into reasonably usable form) or maintained in
the mind or memory of the Executive and whether compiled or created by
the Company, any of its Subsidiaries or any affiliates of the Company
or its Subsidiaries (collectively, the “Company Group”), which derives
independent economic value from not being readily known to or
ascertainable by proper means by others who can obtain economic value
from the disclosure or use of such information, of a proprietary,
private, secret or confidential (including, without exception,
inventions, products, processes, methods, techniques, formulas,
compositions, compounds, projects, developments, sales strategies,
plans, research data, clinical data, financial data, personnel data,
computer programs, customer and supplier lists, trademarks, service
marks, copyrights (whether registered or unregistered), artwork, and
contacts at or knowledge of customers or prospective customers) nature
concerning the Company Group’s business, business relationships or
financial affairs (collectively, “Proprietary Information”) shall be
the exclusive property of the Company Group.
	 
	 	(ii)	 	the Proprietary Information of the Company
Group gained by the Executive during the Executive’s association with
the Company Group was or will be developed by and/or for the Company
Group through substantial expenditure of time, effort and money and
constitutes valuable and unique property of the Company Group;
	 
	 	(iii)	 	reasonable efforts have been put forth by the
Company Group to maintain the secrecy of its Proprietary Information;
	 
	 	(iv)	 	such Proprietary Information is and will remain
the sole property of the Company Group; and
	 
	 	(v)	 	any retention or use by the Executive of
Proprietary Information after the termination of the Executive’s
services for the Company Group or any non-renewal will constitute a
misappropriation of the Company Group’s Proprietary Information.

	 	(b)	 	The Executive further acknowledges and agrees that he will
take all affirmative steps reasonably necessary or required by the Company to
protect the Proprietary Information from inappropriate disclosure during and
after his employment with the Company.

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	 	(c)	 	The Executive further agrees that all Proprietary
Information in the Executive’s custody or possession will be delivered to the
Company (to the extent the Executive has not already returned) in good
condition, on or before five business days subsequent to the earlier of: (i)
a request by the Company or (ii) the Executive’s termination of employment
for any reason or Cause, including for non-renewal of this Agreement,
Disability, termination by the Company or termination by the Executive.
	 
	 	(d)	 	The Executive further agrees that his obligation not to
disclose or to use information and materials of the types set forth in
Sections 10(a), 10(b) and 10(c) above, and his obligation to return materials
and tangible property, set forth in Section 10(c) above, also extends to such
types of information, materials and tangible property of customers of the
Company Group, consultants for the Company, suppliers to the Company, or
other third parties who may have disclosed or entrusted the same to the
Company or to the Executive.
	 
	 	(e)	 	Further the Executive acknowledges that his obligation of
confidentiality will survive, regardless of any other breach of this
Agreement or any other agreement, by any party hereto, until and unless such
Proprietary Information of the Company Group has become, through no fault of
the Executive, generally known to the public. In the event that the
Executive is required by law, regulation, or court order to disclose any of
the Company Group’s Proprietary Information, the Executive will promptly
notify the Company prior to making any such disclosure to facilitate the
Company seeking a protective order or other appropriate remedy from the
proper authority. The Executive further agrees to cooperate with the Company
in seeking such order or other remedy and that, if the Company is not
successful in precluding the requesting legal body from requiring the
disclosure of the Proprietary Information, the Executive will furnish only
that portion of the Proprietary Information that is legally required, and the
Executive will exercise all legal efforts to obtain reliable assurances that
confidential treatment will be accorded to the Proprietary Information.
	 
	 	(f)	 	The Executive’s obligations under this Section 10 are in
addition to, and not in limitation of, all other obligations of
confidentiality under the Company’s policies, general legal or equitable
principles or statutes.
	 
	 	(g)	 	During the Employment Term, other than in connection with
the performance of his duties hereunder, and following his termination of
employment:

	 	(i)	 	the Executive will not, directly or indirectly,
make or cause to be made any statements, including but not limited to,
comments in books or printed media, to any third parties criticizing or
disparaging the Company Group or commenting on the character

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	 	 	 	or business reputation of the Company Group. Without the prior
written consent of the Board, unless otherwise required by law, the
Executive will not (A) publicly comment in a manner adverse to the
Company Group concerning the status, plans or prospects of the
business of the Company Group or (B) publicly comment in a manner
adverse to the Company Group concerning the status, plans or
prospects of any existing, threatened or potential claims or
litigation involving the Company Group;
	 
	 	(ii)	 	the Company will comply with its policies
regarding public statements with respect to the Executive and any such
statements will be deemed to be made by the Company only if made or
authorized by a member of the Board or a senior executive officer of
the Company; and
	 
	 	(iii)	 	nothing herein precludes honest and good faith
reporting by the Executive to appropriate Company or legal enforcement
authorities.
	 
	 	(iv)	 	The Executive acknowledges and agrees that a
violation of the foregoing provisions of this Section 10 would cause
irreparable harm to the Company Group, and that the Company’s remedy at
law for any such violation would be inadequate. In recognition of the
foregoing, the Executive agrees that, in addition to any other relief
afforded by law or this Agreement, including damages sustained by a
breach of this Agreement and any forfeitures under Section 9(e), and
without the necessity or proof of actual damages, the Company will have
the right to enforce this Agreement by specific remedies, which will
include, among other things, temporary and permanent injunctions, it
being the understanding of the undersigned parties hereto that damages,
the forfeitures described above and injunctions will all be proper modes
of relief and are not to be considered as alternative remedies.

	 	11.	 	Non-Competition. In consideration of the Company entering into this
Agreement, for a period commencing on the Effective Date and ending on the expiration
of the Restricted Period:

	 	(a)	 	The Executive covenants and agrees that the Executive will
not, directly or indirectly, engage in any activities on behalf of or have an
interest in any Competitor of the Company Group, whether as an owner,
investor, executive, manager, employee, independent consultant, contractor,
advisor, or otherwise. The Executive’s ownership of less than one percent
(1%) of any class of stock in a publicly traded corporation will not be a
breach of this paragraph.

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	 	(b)	 	A “Competitor” is any entity doing business directly or
indirectly (e.g., as an owner, investor, provider of capital or otherwise) in
the United States including any territory of the United States (the
“Territory”) that provides products and/or services that are the same or
similar to the products and/or services that are currently being provided at
the time of Executive’s termination or that were provided by the Company
Group during the two-year period prior to the Executive’s separation from
service with the Company Group or the non-renewal of this Agreement.
	 
	 	(c)	 	The Executive acknowledges and agrees that due to the
continually evolving nature of the Company Group’s industry, the scope of its
business and/or the identities of Competitors may change over time. The
Executive further acknowledges and agrees that the Company Group markets its
products and services on a nationwide basis, encompassing the Territory and
that the restrictions imposed by this covenant, including the geographic
scope, are reasonably necessary to protect the Company Group’s legitimate
interests.
	 
	 	(d)	 	The Executive covenants and agrees that should a court at
any time determine that any restriction or limitation in this Section 11 is
unreasonable or unenforceable, it will be deemed amended so as to provide the
maximum protection to the Company Group and be deemed reasonable and
enforceable by the court.

	 	12.	 	Non-Solicitation. In consideration of the Company entering into this
Agreement, for a period commencing on the date on which the Executive’s employment
terminates for any reason and ending on the expiration of the Restricted Period, the
Executive hereby covenants and agrees that he will not, directly or indirectly,
individually or on behalf of any other person or entity do or suffer any of the
following:

	 	(a)	 	hire or employ or assist in hiring or employing any person
who was at any time during the last 18 months of the Executive’s employment
an employee, representative or agent of any member of the Company Group or
solicit, aid, induce or attempt to solicit, aid, induce or persuade, directly
or indirectly, any person who is an employee, representative, or agent of any
member of the Company Group to leave his or her employment with any member of
the Company Group to accept employment with any other person or entity;
	 
	 	(b)	 	induce any person who is an employee, officer or agent of
the Company Group, or any of its affiliated, related or subsidiary entities
to terminate such relationship;
	 
	 	(c)	 	solicit any customer of the Company Group, or any person or
entity whose business the Company Group had solicited during the 180-day
period prior to termination of the Executive’s employment for purposes 

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	 	 	 	of
business which is competitive to the Company Group within the Territory; or
	 
	 	(d)	 	For purposes of this Section 12, the term “solicit or
persuade” includes, but is not limited to, (i) initiating communications with
an employee of the Company Group relating to possible employment, (ii)
offering bonuses or additional compensation to encourage an employee of the
Company Group to terminate his employment, and (iii) referring employees of
the Company Group to personnel or agents employed by competitors, suppliers
or customers of the Company Group.

	 	13.	 	Developments.

	 	(a)	 	The Executive acknowledges and agrees that he will make
full and prompt disclosure to the Company of all inventions, improvements,
discoveries, methods, developments, software, mask works, and works of
authorship, whether patentable or copyrightable or not, (i) which relate to
the Company’s business and have heretofore been created, made, conceived or
reduced to practice by the Executive or under his direction or jointly with
others, and not assigned to prior employers, or (ii) which have utility in or
relate to the Company’s business and are created, made, conceived or reduced
to practice by the Executive or under his direction or jointly with others
during his employment with the Company, whether or not during normal working
hours or on the premises of the Company (all of the foregoing of which are
collectively referred to in this Agreement as “Developments”).
	 
	 	(b)	 	The Executive further agrees to sign the Company’s Standard
Invention and Disclosure Agreement as required of all new employees.
	 
	 	(c)	 	The Executive further agrees to cooperate fully with the
Company, both during and after his employment with the Company, with respect to the
procurement, maintenance and enforcement of copyrights, patents and other
intellectual property rights (both in the United States and other countries)
relating to Developments. The Executive will not be required to incur or pay
any costs or expenses in connection with the rendering of such cooperation.

	 	14.	 	Remedies. The Executive and the Company agree that the covenants
contained in Sections 10, 11, 12 and 13 are reasonable under the circumstances, and
further agree that if in the opinion of any court of competent jurisdiction any such
covenant is not reasonable in any respect, such court will have the right, power and
authority to sever or modify any provision or provisions of such covenants as to the
court will appear not reasonable and to enforce the remainder of the
covenants as so amended. The Executive acknowledges and agrees that the remedy at
law available to the Company for breach of any of the Executive’s obligations under
Sections 10, 11, 12 and 13 would be inadequate and that 

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	 	 	 	damages flowing from such a
breach may not readily be susceptible to being measured in monetary terms.
Accordingly, the Executive acknowledges, consents and agrees that, in addition to
any other rights or remedies that the Company may have at law, in equity or under
this Agreement, upon adequate proof of the Executive’s violation of any such
provision of this Agreement, the Company will be entitled to immediate injunctive
relief and may obtain a temporary order restraining any threatened or further
breach, without the necessity of proof of actual damage.
	 
	 	15.	 	Continued Availability and Cooperation.

	 	(a)	 	Following termination of the Executive’s employment, the
Executive will cooperate fully with the Company and with the Company’s
counsel in connection with any present and future actual or threatened
litigation, administrative proceeding or investigation involving the Company
that relates to events, occurrences or conduct occurring (or claimed to have
occurred) during the period of the Executive’s employment by the Company.
Cooperation will include, but is not limited to:

	 	(i)	 	Making himself reasonably available for
interviews and discussions with the Company’s counsel as well as for
depositions and trial testimony;
	 
	 	(ii)	 	if depositions or trial testimony are to occur,
making himself reasonably available and cooperating in the preparation
therefore, as and to the extent that the Company or the Company’s
counsel reasonably requests;
	 
	 	(iii)	 	refraining from impeding in any way the
Company’s prosecution or defense of such litigation or administrative
proceeding; and
	 
	 	(iv)	 	cooperating fully in the development and
presentation of the Company’s prosecution or defense of such litigation
or administrative proceeding.

	 	(b)	 	The Company will reimburse the Executive for reasonable
travel, lodging, telephone and similar expenses, as well as reasonable
attorneys’ fees (if independent legal counsel is necessary), incurred in
connection with any cooperation, consultation and advice rendered under this
Agreement after the Executive’s termination of employment. Any reimbursement
or provision of in-kind benefits made during the Executive’s lifetime
pursuant to the terms of this Section 15(b) will be made not later than
December 31st of the year following the year in which the Executive incurs
the expense. In no event will the amount of
expenses so reimbursed, or in-kind benefits provided, by the Company in
one year affect the amount of expenses eligible for reimbursement, or
in-kind benefits to be provided, in any other taxable year. Each

12

 

	 	 	 	provision of reimbursement of expenses or in-kind benefit pursuant to this
Section 15(b) will be considered a separate payment and not one of a
series of payments for purposes of Section 409A of the Code.

	 	16.	 	Dispute Resolution. 

	 	(a)	 	In the event that the Parties are unable to resolve any
controversy or claim arising out of or in connection with this Agreement or
breach thereof, either Party will refer the dispute to binding arbitration,
which will be the exclusive forum for resolving such claims. Such
arbitration will be administered by Judicial Arbitration and Mediation
Services, Inc. (“JAMS”) pursuant to its Employment Arbitration Rules and
Procedures and governed by Delaware law. The arbitration will be conducted
by a single arbitrator selected by the Parties according to the rules of
JAMS. In the event that the Parties fail to agree on the selection of the
arbitrator within 30 days after either Party’s request for arbitration, the
arbitrator will be chosen by JAMS. The arbitration proceeding will commence
on a mutually agreeable date within 90 days after the request for
arbitration, unless otherwise agreed by the Parties, and in the location
where the Executive worked during the six months immediately prior to the
request for arbitration if that location is in Ohio and if not, the location
will be Ohio, unless the Parties agree otherwise.
	 
	 	(b)	 	The Parties agree that each will bear their own costs and
attorneys’ fees. The arbitrator will not have authority to award attorneys’
fees or costs to any Party.
	 
	 	(c)	 	The arbitrator will have no power or authority to make
awards or orders granting relief that would not be available to a Party in a
court of law. The arbitrator’s award is limited by and must comply with this
Agreement and applicable federal, state, and local laws. The decision of the
arbitrator will be final and binding on the Parties.
	 
	 	(d)	 	Notwithstanding the foregoing, no claim or controversy for
injunctive or equitable relief contemplated by or allowed under applicable
law pursuant to Sections 10, 11, 12 and 13 of this Agreement will be subject
to arbitration under this Section 16, but will instead be subject to
determination in a court of competent jurisdiction in Ohio, which court will
apply Delaware law consistent with Section 21 of this Agreement, where either
Party may seek injunctive or equitable relief.

	 	17.	 	Other Agreements. No agreements (other than the agreements evidencing
any grants of equity awards) or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof have been made by either party which are
not expressly set forth in this Agreement. Each party to this Agreement
acknowledges that no representations, inducements, promises, or other agreements,
orally or otherwise, have been made by any party, or anyone acting 

13

 

	 	 	 	on behalf of any
party, pertaining to the subject matter hereof, which are not embodied herein, and
that no prior and/or contemporaneous agreement, statement or promise pertaining to
the subject matter hereof that is not contained in this Agreement will be valid or
binding on either party.
	 
	 	18.	 	Withholding of Taxes. The Company will withhold from any amounts
payable under this Agreement all federal, state, city or other taxes as the Company is
required to withhold pursuant to any law or government regulation or ruling.
	 
	 	19.	 	Successors and Binding Agreement.

	 	(a)	 	The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation, reorganization or otherwise) to
all or substantially all of the business or assets of the Company expressly
to assume and agree to perform this Agreement in the same manner and to the
same extent the Company would be required to perform if no such succession
had taken place. This Agreement will be binding upon and inure to the
benefit of the Company and any successor to the Company, including without
limitation any persons acquiring directly or indirectly all or substantially
all of the business or assets of the Company whether by purchase, merger,
consolidation, reorganization or otherwise (and such successor will
thereafter be deemed the “Company” for the purposes of this Agreement), but
will not otherwise be assignable, transferable or delegable by the Company,
except that the Company may assign and transfer this Agreement and delegate
its duties to a wholly owned Subsidiary.
	 
	 	(b)	 	This Agreement will inure to the benefit of and be
enforceable by the Executive’s personal or legal representatives, executors,
administrators, successors, heirs and legatees.
	 
	 	(c)	 	This Agreement is personal in nature and neither of the
parties hereto will, without the consent of the other, assign, transfer or
delegate this Agreement or any rights or obligations hereunder except as
expressly provided in Sections 19(a) and 19(b). Without limiting the
generality or effect of the foregoing, the Executive’s right to receive
payments hereunder will not be assignable, transferable or delegable, whether
by pledge, creation of a security interest, or otherwise, other than by a
transfer by the Executive’s will or by the laws of descent and distribution
and, in the event of any attempted assignment or transfer contrary to this
Section 19(c), the Company will have no liability to pay any amount so
attempted to be assigned, transferred or delegated.

	 	20.	 	Notices. All communications, including without limitation notices,
consents, requests or approvals, required or permitted to be given hereunder will be in
writing and will be duly given when hand delivered or dispatched by electronic
facsimile transmission (with receipt thereof confirmed), or five business days

14

 

	 	 	 	after
having been mailed by United States registered or certified mail, return receipt
requested, postage prepaid, or three business days after having been sent by a
nationally recognized overnight courier service such as Federal Express or UPS,
addressed to the Company (to the attention of the General Counsel of the Company) at
its principal executive offices and to the Executive at his principal residence, or to
such other address as any party may have furnished to the other in writing and in
accordance herewith, except that notices of changes of address will be effective only
upon receipt.

	 	21.	 	Governing Law and Choice of Forum.

	 	(a)	 	This Agreement will be construed and enforced according to
the laws of the State of Delaware, without giving effect to the conflict of
laws principles thereof.
	 
	 	(b)	 	To the extent not otherwise provided for by the Section 16
of this Agreement, the Executive and the Company consent to the jurisdiction
of all state and federal courts located in Ohio, as well as to the
jurisdiction of all courts of which an appeal may be taken from such courts,
for the purpose of any suit, action, or other proceeding arising out of, or
in connection with, this Agreement or that otherwise arise out of the
employment relationship. Each party hereby expressly waives any and all
rights to bring any suit, action, or other proceeding in or before any court
or tribunal other than the courts described above and covenants that it will
not seek in any manner to resolve any dispute other than as set forth in this
paragraph. Further, the Executive and the Company hereby expressly waive any
and all objections either may have to venue, including, without limitation,
the inconvenience of such forum, in any of such courts. In addition, each of
the Parties consents to the service of process by personal service or any
manner in which notices may be delivered hereunder in accordance with this
Agreement.

	 	22.	 	Validity/Severability. If any provision of this Agreement or the
application of any provision is held invalid, unenforceable or otherwise illegal, the
remainder of this Agreement and the application of such provision will not be affected,
and the provision so held to be invalid, unenforceable or otherwise illegal will be
reformed to the extent (and only to the extent) necessary to make it enforceable, valid
or legal. To the extent any provisions held to be invalid, unenforceable or otherwise
illegal cannot be reformed, such provisions are to be stricken and the remainder of
this Agreement will be binding on the parties and their successors and assigns as if
such invalid or illegal provisions were never included in this Agreement from the first
instance.
	 
	 	23.	 	Survival of Provisions. Notwithstanding any other provision of this
Agreement, the parties’ respective rights and obligations under Sections 10, 11, 12,
13, 14, 15, 16, 18, 22 and 26 will survive any termination or expiration of this
Agreement or the termination of the Executive’s employment.

15

 

	 	24.	 	Representations and Acknowledgements.

	 	(a)	 	The Executive hereby represents that he is not subject to
any restriction of any nature whatsoever on his ability to enter into this
Agreement or to perform his duties and responsibilities hereunder, including,
but not limited to, any covenant not to compete with any former employer, any
covenant not to disclose or use any non-public information acquired during
the course of any former employment or any covenant not to solicit any
customer of any former employer.
	 
	 	(b)	 	The Executive hereby represents that, except as he has
disclosed in writing to the Company, he is not bound by the terms of any
agreement with any previous employer or other party to refrain from using or
disclosing any trade secret or confidential or proprietary information in the
course of the Executive’s employment with the Company or to refrain from
competing, directly or indirectly, with the business of such previous
employer or any other party.
	 
	 	(c)	 	The Executive further represents that, to the best of his
knowledge, his performance of all the terms of this Agreement and as an
employee of the Company does not and will not breach any agreement with
another party, including without limitation any agreement to keep in
confidence proprietary information, knowledge or data the Executive acquired
in confidence or in trust prior to his employment with the Company, and that
he will not knowingly disclose to the Company or induce the Company to use
any confidential or proprietary information or material belonging to any
previous employer or others.
	 
	 	(d)	 	The Executive hereby represents and agrees that, during the
Restricted Period, if the Executive is offered employment or the opportunity
to enter into any business activity, whether as owner, investor, executive,
manager, employee, independent consultant, contractor, advisor or otherwise,
the Executive will inform the offeror of the existence of Sections 10, 11, 12
and 13 of this Agreement and provide the offeror a copy thereof.

	 	25.	 	Compliance with Code Section 409A. It is intended that any amounts
payable under this Agreement and the Company’s and the Executive’s exercise of
authority or discretion hereunder will comply with the provisions of Section 409A of
the Code and the treasury regulations relating thereto so as not to subject the
Executive to the payment of the additional tax, interest and any tax penalty which may
be imposed under Code Section 409A. Reference to Section 409A of the
Code is to Section 409A of the Internal Revenue Code of 1986, as amended, and will
also include any proposed, temporary or final regulations, or any other guidance,
promulgated with respect to such Section by the U.S. Department of Treasury or the
Internal Revenue Service. Notwithstanding the foregoing, no particular tax result
for the Executive with respect to any income recognized by 

16

 

	 	 	 	the Executive in
connection with the Agreement is guaranteed, and the Executive will be responsible
for any taxes, penalties and interest imposed on him under or as a result of Section
409A of the Code in connection with the Agreement.
	 
	 	26.	 	Amendment; Waiver. Except as otherwise provided herein, this Agreement
may not be modified, amended or waived in any manner except by an instrument in writing
signed by both Parties hereto. No waiver by either Party at any time of any breach by
the other Party hereto or compliance with any condition or provision of this Agreement
to be performed by such other Party will be deemed a waiver of similar or dissimilar
provisions or conditions at the same or at any prior or subsequent time.
	 
	 	27.	 	Counterparts. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original but all of which together
will constitute one and the same agreement.
	 
	 	28.	 	Headings. Unless otherwise noted, the headings of sections herein are
included solely for convenience of reference and will not control the meaning or
interpretation of any of the provisions of this Agreement.
	 
	 	29.	 	Defined Terms.

	 	(a)	 	“Bylaws” means the Amended and Restated Dana Holding
Corporation Bylaws, as may be amended from time to time.
	 
	 	(b)	 	“Cause” will mean:

	 	(i)	 	Any act or omission constituting a material
breach by the Executive of any provisions of this Agreement;
	 
	 	(ii)	 	The willful failure by the Executive to perform
his duties hereunder (other than any such failure resulting from the
Executive’s Disability), after demand for performance is delivered by
Company that identifies in reasonable detail the manner in which
Company believes the Executive has not performed his duties, if, within
30 calendar days of such demand, the Executive fails to cure any such
failure capable of being cured;
	 
	 	(iii)	 	Any intentional act or misconduct materially
injurious to Company or any Subsidiary, financial or otherwise, or any
act of misappropriation, fraud including with respect to Company’s
accounting and financial statements, embezzlement or conversion by the
Executive of Company’s or any of its Subsidiary’s property;
	 
	 	(iv)	 	The conviction (or plea of no contest) of the
Executive for any felony or the indictment of the Executive for any
felony, including without limitation any felony involving fraud, moral
turpitude, embezzlement or theft;

17

 

	 	(v)	 	The commission of any violation of any
antifraud provision of federal or state securities laws; or
	 
	 	(vi)	 	Alcohol or prescription or other drug abuse
substantially affecting work performance.

	 	(c)	 	“Certificate of Incorporation” means the Articles of
Incorporation of Dana Holding Corporation, as may be amended from time to
time.
	 
	 	(d)	 	“Code” means the Internal Revenue Code of 1986, as amended
from time to time, including any rules and regulations promulgated
thereunder, along with Treasury and IRS Interpretations thereof. Reference
to any section or subsection of the Code includes reference to any comparable
or succeeding provisions of any legislation that amends, supplements or
replaces such section or subsection.
	 
	 	(e)	 	“Disability” or “Disabled” will mean the Executive’s
incapacity due to physical or mental illness to substantially perform his
duties and the essential functions of his position, with or without
reasonable accommodation, on a full-time basis for six months as determined
by the Board in its reasonable discretion, and within 30 days after a notice
of termination is thereafter given by the Company, the Executive will not
have returned to the full-time performance of the Executive’s duties;
provided, however, if the Executive disputes a determination
to terminate his employment because of Disability, the question of the
Executive’s disability will be subject to the certification of a qualified
medical doctor selected by the Company and the Executive. The costs of such
qualified medical doctor will be paid for by the Company.
	 
	 	(f)	 	“Employment Term” means the Initial Employment Term and any
Renewal Term.
	 
	 	(g)	 	“LTSIP” means the Company’s 2008 Omnibus Incentive Plan,
effective December 26, 2007 as may be amended from time to time, or any
successor plan, program or arrangement thereto.
	 
	 	(h)	 	“Payment Period” means the 12-month period following the
Executive’s termination of employment.
	 
	 	(i)	 	“Restricted Period” means the 12-month period following the
Executive’s date of termination of employment with the Company for any reason
or Cause, including for non-renewal of this Agreement, Disability,
termination by the Company or termination by the Executive.
	 
	 	(j)	 	“STIP” means the Company’s Short-Term Incentive Plan,
adopted as of April 16, 2008, as may be amended from time to time, or any
successor plan, program or arrangement thereto.

18

 

	 	(k)	 	“Subsidiary” will mean any entity, corporation, partnership
(general or limited), limited liability company, entity, firm, business
organization, enterprise, association or joint venture in which the Company
directly or indirectly controls ten percent (10%) or more of the voting
interest.

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

	 	 	 	 	 
	 	DANA HOLDING CORPORATION

 	 
	 	By:  	/s/ Robert H. Marcin
 	 
	 	Robert H. Marcin 	 
	 	Chief Administrative Officer 	 
	 
	 	EXECUTIVE

 	 
	 	/s/ Gary L. Convis
 	 
	 	Gary L. Convis 	 
	 	 	 
	 

19

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