Document:

EX-10.3

EXHIBIT 10.3

Non-Qualified Stock Option with tandem

Stock Appreciation Rights Grant Agreement

1. These Non-Qualified Stock Options for the number of shares of Common Stock indicated on the
grant summary page (the “Non-Qualified Stock Options”) and the Stock Appreciation Rights granted in
tandem with the Non-Qualified Stock Options (the “SARs”) are granted to you under and are governed
by the terms and conditions of the 2008 Performance Plan of The Goodyear Tire & Rubber Company,
adopted effective April 8, 2008 (the “Plan”), and this Grant Agreement. As your stock options are
conveyed and managed online, your online acceptance 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 Non-Qualified Stock 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 a Non-Qualified Stock 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 the Plan and this Grant Agreement. All defined terms used in this Grant Agreement
have the meanings set forth in the Plan.

2. If the Company approves the exercise of a Non-Qualified Stock 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, to the extent permitted by law) (a “cash
exercise”), (2) a payment in full shares of Common Stock having a Fair Market Value 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 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 of Common Stock in respect of which the SARs are being exercised. In
due course, you will receive payment in cash in an amount equal to the excess, if any, of the Fair
Market Value of one share of the Common Stock on the date of exercise of the SARs over the Option
Exercise Price per Share specified in respect of the Non-Qualified Stock Options times the number
of shares of Common Stock 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 the grant summary page 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
as provided in paragraph 5 below 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).

 

 

Non-Qualified Stock Option with tandem

Stock Appreciation Rights Grant Agreement

5. The Non-Qualified Stock 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) on any date which is more than six
(6) months after the Date of Grant specified on the grant summary page of this Grant Agreement, the
Non-Qualified Stock 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 lesser of
(a) the remainder of the term of the Non-Qualified Stock Option/SAR grant or (b) five years. In
the event of your death while an employee, the Non-Qualified Stock 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 Non-Qualified Stock Options and SARs shall not in any event be exercisable after the
expiration of ten years from the Date of Grant specified on the grant summary page of this Grant
Agreement and, to the extent not exercised, shall automatically terminate at the end of such
ten-year period.

7. Certificates, or other evidence of beneficial ownership, for shares of the Common Stock
purchased pursuant to Non-Qualified Stock Options 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
Non-Qualified Stock Options or SARs which you have realized or obtained by your exercise of the
Non-Qualified Stock 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 Non-Qualified Stock 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 Non-Qualified Stock Option and SAR granted 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.

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 Grant 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.

 

 

Non-Qualified Stock Option with tandem

Stock Appreciation Rights Grant Agreement

12. Each Non-Qualified Stock 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 Non-Qualified Stock Options shall
automatically reduce by a like number the shares of Common Stock subject to the SARs and,
conversely, your exercise of any SARs shall automatically reduce by a like number the shares of
Common Stock available for purchase by you under the Non-Qualified Stock 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 Non-Qualified Stock Options or the SARs, whether under U.S. or foreign
law, rules, regulations or treaties.

15. Prior to the exercise of a Non-Qualified Stock 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 Non-Qualified Stock Option or SAR and upon receiving such advice you may then exercise
the Non-Qualified Stock Option or the SAR.EX-10.4

EXHIBIT 10.4

Incentive Stock Option Grant Agreement

PART I — INCENTIVE STOCK OPTIONS

1. These Incentive Stock Options for the number of shares of Common Stock indicated on the grant
summary page (the “Incentive Stock Options”) are granted to you under and are governed by the terms
and conditions of the 2008 Performance Plan of The Goodyear Tire & Rubber Company, adopted
effective April 8, 2008 (the “Plan”), and this Grant Agreement. As your stock options are conveyed
and managed online, your online acceptance 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 the Plan and this Grant Agreement. All defined terms used in this Grant Agreement have
the meanings set forth in the Plan.

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, to the extent permitted by law) (a “cash
exercise”), (2) a payment in full shares of Common Stock having a Fair Market Value 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 written 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 the grant
summary page 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 as provided in paragraph 4 below 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).

PART II — GENERAL PROVISIONS

4. The Incentive Stock 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) on any date which is more than six (6)
months after the Date of Grant of the Incentive Stock Options specified on the grant summary page
of this Grant Agreement, the Incentive Stock Options shall become Non-Qualified Stock Options three
months following your death, Retirement or Disability, provided, if you are disabled within the
meaning of Code Section 22(e)(3), the Incentive Stock Options shall become Non-Qualified Stock
Options one year following such disability, 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
lesser of (a) the remainder of the term of the original Incentive Stock Option grant or (b) five
years. In the event of your death while an employee, such Stock 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

 

 

Incentive Stock Option Grant Agreement

PART II — GENERAL PROVISIONS (Cont’d)

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.

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

6. Certificates, or other evidence of beneficial ownership, 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
Incentive Stock 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 Incentive
Stock Options granted to you hereunder which you have not exercised prior to your competitive
engagement shall be automatically cancelled.

8. Each Incentive Stock 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 provisions 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 Grant 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.

11. Each Incentive Stock 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.

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