Document:

a1032018borgwarnerrestri

                                                                Exhibit 10.3                              BORGWARNER INC.                        2018 STOCK INCENTIVE PLAN                          Restricted Stock Agreement                          For Non-Employee Directors            THIS Restricted Stock Agreement (the “Agreement”) dated as of April 25, 2018,   by and between BORGWARNER INC., a Delaware corporation (the “Company”), and   (the “Director”) is entered into as follows:                                   WITNESSETH:          WHEREAS, the Company has established the BorgWarner Inc. 2018 Stock  Incentive Plan (the “Plan”), a copy of which is attached hereto or which has been  previously provided to the Director;          WHEREAS, the Corporate Governance Committee of the Board of Directors of  the Company has recommended that the Director be granted shares of Restricted Stock  pursuant to the terms of the Plan and the terms of this Agreement, and the Board of  Directors of the Company has approved such recommendation.          NOW, THEREFORE, in consideration of the foregoing and the mutual covenants  hereinafter set forth:          1.    Award of Restricted Stock.  The Company hereby awards to the Director              on this date, 2,457 shares of its common stock, par value $.01 (“Stock”),              subject to the terms and conditions set forth in the Plan and this              Agreement (the “Award”).          2.    Issuance of Share Certificates or Book Entry Record.  The Company shall,              as soon as administratively feasible after execution of this Agreement by              the Director, either (1) issue one or more certificates in the name of the              Director representing the shares of Restricted Stock covered by this              Award, or (2) direct the Company’s transfer agent for the Stock to make a              book entry record showing ownership for the Restricted Stock in the name              of the Director, subject to the terms and conditions of the Plan and this              Agreement.          3.    Custody of Share Certificates During the Restriction Period.  In the event              that the Company issues one or more certificates for the Restricted Stock              covered by this Award in lieu of book entry, during the Restriction Period              described below:                a.  The certificate or certificates shall bear the following legend:                   “The transferability of this certificate and the shares of stock                 represented hereby are subject to the terms and conditions (including                                   Page 1 of 5             

 

                                                          Exhibit 10.3            forfeiture) of the BorgWarner Inc. 2018 Stock Incentive Plan and a           Restricted Stock Agreement.  Copies of such Plan and Restricted           Stock Agreement are on file at the headquarters offices of BorgWarner           Inc.”                         b.  The certificates shall be held in custody by the Company until the           restrictions set forth herein shall have lapsed; and                  c.  As a condition to receipt of this Award, the Director hereby authorizes            the Company to issue such instructions to the transfer agent as the            Company may deem necessary or proper to comply with the intent and            purposes of this Agreement and the Plan, including provisions            regarding forfeiture, and that this paragraph shall be deemed to            constitute the stock power, endorsed in blank, contemplated by Section            8.2 of the Plan.                     4.    Terms of the Plan Shall Govern.  The Award is made pursuant to, and is        subject to, the Plan, including, without limitation, its provisions governing        a Change in Control and Cancellation and Rescission of Awards.  In the        case of any conflict between the Plan and this Agreement, the terms of the        Plan shall control.  Unless otherwise indicated, all capitalized terms        contained in this Agreement shall have the meaning assigned to them in        the Plan.                   5.    Restriction Period.  The Restriction Period for the Restricted Stock        awarded to the Director under this Agreement shall commence with the        date of this Agreement set forth above and shall end, for the percentage of        the shares indicated below, on the date when the Restricted Stock shall        have vested in accordance with the following schedule:                                 Date                            Vested Percentage                April 25, 2019          100% of the Awarded Shares                      During the Restriction Period, the Director shall not be permitted to sell,        assign, transfer, pledge or otherwise encumber the Restricted Stock        awarded herein.    6.    Shareholder Rights.  Subject to the restrictions imposed by this Agreement        and the Plan, the Director shall have, with respect to the Restricted Stock        covered by this Award, all of the rights of a stockholder of the Company        holding Stock, including the right to vote the shares and the right to        receive any cash dividends; provided, however, that cash dividends will be        automatically reinvested in additional shares of Restricted Stock, the        number of which shall be determined by multiplying (i) the number of                             Page 2 of 5             

 

                                                          Exhibit 10.3         shares of Restricted Stock that the Director has been issued under this        Agreement as of the dividend record date by (ii) the dividend paid on each        share of Stock, and dividing the result by (iii) the Fair Market Value of a        share of Stock on the dividend payment date.  Such additional shares of        Restricted Stock resulting from the reinvestment of dividends shall be        subject to the same restrictions, terms and conditions, including the        Restriction Period, contained herein.  For the avoidance of doubt, if the        Restricted Stock is forfeited, then any dividends paid thereon and treated        in accordance with this paragraph shall also be forfeited.                   7.    Forfeiture of Shares.  Upon the Director’s Termination of Employment        during the Restriction Period, all shares of Stock covered by this Award        that remain subject to restriction shall be forfeited by the Director;        provided, however, that in the event of the Director’s Retirement during        the Restriction Period, the Compensation Committee shall have the        discretion to waive, in whole or in part, any or all remaining restrictions        with respect to any or all of the Restricted Stock covered by this Award.                     8.    Change in Control.  In the event of a Change in Control, this Award shall        be treated in accordance with Section 15 of the Plan.                   9.    Delivery of Shares.  At the Director’s request, if and when the Restriction        Period expires for a share or shares of Restricted Stock without a prior        forfeiture, the Company will deliver certificate(s) for such share(s) to the        Director.                   10.   Acquisition of Shares For Investment Purposes Only.  By his or her        signature hereto, the Director hereby agrees with the Company as follows:                         a.  The Director is acquiring the shares of Stock covered by this Award           for investment purposes only and not with a view to resale or other           distribution thereof to the public in violation of the Securities Act of           1933, as amended (the “1933 Act”), and shall not dispose of any of the           shares of the Stock in transactions which, in the opinion of counsel to           the Company, violate the 1933 Act, or the rules and regulations           thereunder, or any applicable state securities or “blue sky” laws;                  b.  If any of the shares of Stock covered by this Award shall be registered            under the 1933 Act, no public offering (otherwise than on a national            securities exchange, as defined in the Exchange Act) of any such            shares shall be made by the Director (or any other person) under such            circumstances that he or she (or any other such person) may be            deemed an underwriter, as defined in the 1933 Act; and                                                Page 3 of 5             

 

                                                               Exhibit 10.3              c.  The Company shall have the authority to endorse upon the certificate                or certificates representing the Stock covered by this Agreement such                legends referring to the foregoing restrictions.                        11.   No Right to Continued Service.  Nothing contained in the Plan or this             Agreement shall confer upon the Director any right to continue as a             director of the Company.              12.   Withholding of Taxes.  If applicable, no later than the date as of which an             amount first becomes includible in the Director’s gross income for Federal             income tax purposes, the Director shall pay to the Company, or make             arrangements satisfactory to the Company regarding the payment of, any             Federal, state, local, or foreign taxes of any kind required by law to be             withheld.                        13.   Governing Law.  The Award made and actions taken under the Plan and             this Agreement shall be governed by and construed in accordance with the             laws of the State of Delaware without taking into account its conflict of             laws provisions.                        14.   Acceptance of Award.  By the Director’s signature below, the Director             accepts the terms of the Award, as set forth in this Agreement and in the             Plan.  Unless the Company otherwise agrees in writing, this Agreement             shall not be effective as a Restricted Stock Award if a copy of this             Agreement is not signed and returned to the Company.                        15.   Binding Effect.  Subject to the limitations stated above, this Agreement             shall be binding upon and inure to the benefit of the parties’ respective             heirs, legal representatives, successors, and assigns.                                          *     *     *     *     *                                             IN WITNESS WHEREOF, BORGWARNER INC. and the Director have  executed this Agreement to be effective as of the date first written above.                                        BORGWARNER INC.                                                 By:                                                                                                                  Title: Executive Vice President, Chief                                               Human Resources Officer                                                                     Page 4 of 5             

 

                                                                Exhibit 10.3   I acknowledge receipt of a copy of the Plan (either as an attachment hereto or that has  been previously received by me) and that I have carefully read this Agreement and the  Plan.  I agree to be bound by all of the provisions set forth in this Agreement and the  Plan.                                                                  Date                                Director                                    Page 5 of 5a1042018borgwarnerrsuawa

                                                                            Exhibit 10.4                                       BORGWARNER INC.                                 2018 STOCK INCENTIVE PLAN                                                                      Stock Units Award Agreement – Non-U.S. Directors                       THIS Award Agreement (the “Agreement”) dated as of April 25, 2018, by and        between BORGWARNER INC., a Delaware corporation (the “Company”), and         , a non-employee member of the Company’s Board of Directors (the “Board”) resident in        Sweden (the “Director”), is entered into as follows:                  WITNESSETH:                      WHEREAS, the Company has established the BorgWarner Inc. 2018 Stock        Incentive Plan (the “Plan”), a copy of which is attached hereto or which has been        previously provided to the Director;                      WHEREAS, the Corporate Governance Committee of the Board has determined        that the Director be granted Stock Units pursuant to the terms of the Plan and the terms        of this Agreement, and the Board has approved such recommendation.                       NOW, THEREFORE, in consideration of the foregoing and the mutual covenants        hereinafter set forth:                       1.  Award of Stock Units.  The Company hereby awards to the Director on this date,               2,457 Stock Units.  Each Stock Unit awarded hereunder represents a contingent              right to receive one share of the Company’s common stock, par value $.01              (“Stock”), upon satisfaction of the conditions for vesting as provided in paragraph              4 of this Agreement and subject further to the terms of the Plan and the              additional terms and conditions of this Agreement (the “Award”).                         2.  Stock Units.  The Company shall credit the Director’s Stock Units to a Stock              Units account established and maintained for the Director on the books of the              Company payable in shares or cash.  The account shall constitute the record of              the Stock Units awarded to the Director under this Agreement, is solely for              accounting purposes, and shall not require a segregation of any Company              assets.                          3.  Dividend Equivalents.  If the Company pays any cash or other dividend or makes              any other distribution in respect of the Stock before the Stock Units are settled in              accordance with paragraph 7 of this Agreement, then the Director’s account shall              be credited with an additional number of Stock Units (including fractions thereof)              determined by multiplying (i) the number of Stock Units credited to the Director              on the dividend record date by (ii) the dividend paid on each share of Stock, and              dividing the result of such multiplication by (iii) the Fair Market Value of a share of              Stock on the dividend payment date.  Credits shall be made effective as of the              date of the dividend or other distribution in respect of the Stock.  Dividend              equivalents credited to the Director’s account shall be subject to the same                                            Page 1 of 8  4811-4098-0578.3  

 

                                                                            Exhibit 10.4               restrictions as the Stock Units in respect of which the dividends or other              distribution were credited, including, without limitation, the Award’s vesting              conditions and distribution provisions.                                   4.  Vesting of Stock Units.  Subject to the terms and conditions of this Agreement              and to the provisions of the Plan, the Stock Units shall vest in accordance with              the following schedule:                                    Date                          Vested Percentage                                              April 25, 2019                100% of the Awarded Units                  5.  Forfeiture of Stock Units.  Upon the Director’s Termination of Employment as a              member of the Board, any unvested Stock Units shall be forfeited by the Director              as of the termination date; provided, however, that in the event that Director              terminates service as a member of the Board by reason of Retirement, the              Compensation Committee shall have the discretion to accelerate the vesting of              the Stock Units, in whole or in part.                              For purposes of the foregoing, if the Director is a local national of a country that              is a member of the European Union, the grant of the Stock Units and the terms              and conditions governing the Award are intended to comply with the age              discrimination provisions of the EU Equal Treatment Framework Directive, as              implemented into local law (the “Age Discrimination Rules”).  To the extent a              court or tribunal of competent jurisdiction determines that any provision of the              Award is invalid or unenforceable, in whole or in part, under the Age              Discrimination Rules, the Company, in its sole discretion, shall have the power              and authority to revise or strike such provision to the minimum extent necessary              to make it valid and enforceable to the full extent permitted under local law.                        6.  Change in Control.  In the event of a Change in Control, this Award shall be              treated in accordance with Section 15 of the Plan.                        7.  Delivery of Stock.   The Company shall deliver Stock to the Director in settlement              of the Stock Units awarded by this Agreement equal to the number of the              Director's vested Stock Units (including any additional Stock Units acquired as a              result of dividend equivalents that have vested).  Payment shall be made to the              Director as soon as practicable on or after the specified vesting date, but in no              event no later than December 31 of the year following the year in which the Stock              Units vest.  Notwithstanding the foregoing, the Company may, in its sole              discretion, settle the Stock Units (a) in the form of a cash payment, or (b) in the              form of Stock but require the Director to immediately sell such Stock (in which              case this Agreement shall serve as the Director’s authorization for such sale of              Stock).                                                             Page 2 of 8  4811-4098-0578.3  

 

                                                                            Exhibit 10.4           8.  Acquisition of Stock Units For Investment Purposes Only.  By his or her signature              hereto, the Director hereby agrees with the Company as follows:                               a.  The Director is acquiring the Stock Units covered by this Award and the                     Shares issued under this Award for investment purposes only and not with                     a view to resale or other distribution thereof to the public in violation of the                     Securities Act of 1933, as amended (the “1933 Act”), and shall not dispose                     of any of the Shares issued under this Award in transactions which, in the                     opinion of counsel to the Company, violate the 1933 Act, or the rules and                     regulations thereunder, or any applicable state securities or “blue sky”                     laws;                                       b.  If any of the Shares issued under this Award shall be registered  under the                     1933 Act, no public offering (otherwise than on a national securities                     exchange, as defined in the Exchange Act) of any such Shares shall be                     made by the Director (or any person) under such circumstances that he or                     she (or any other such person) may be deemed an underwriter, as defined                     in the 1933 Act; and                                  c.  The Company shall have the authority to endorse upon the certification or                     certificates representing the Shares covered by this Award such legends                     referring to the foregoing restrictions.                      9.   Repatriation; Compliance with Laws.  The Director agrees, as a condition of the              grant of the Stock Units, to repatriate all payments attributable to the Stock Units              and/or cash acquired under the Plan (including, but not limited to, dividends,              dividend equivalents, and any proceeds derived from the sale of the Stock              acquired pursuant to the Stock Units) in accordance with all foreign exchange              rules and regulations applicable to the Director.  In addition, the Director also              agrees to take any and all actions, and consent to any and all actions taken by              the Company and its subsidiaries and Affiliates, as may be required to allow the              Company and its subsidiaries and Affiliates to comply with all laws, rules and              regulations applicable to the Director.  Finally, the Director agrees to take any              and all actions as may be required to comply with the Director’s personal legal              and tax obligations under all laws, rules and regulations applicable to the              Director.                                       10.  Nontransferability.  The Stock Units awarded under this Agreement, and any              rights and privileges pertaining thereto, are not subject to anticipation, alienation,              sale, transfer, assignment, pledge, or encumbrance by the Director or by the              Director's beneficiary, in any manner, by operation of law or otherwise, and shall              not be subject to execution, attachment or similar process.                      11.  No Rights as a Stockholder.  Prior to the actual delivery of Stock to the Director              in settlement of the Stock Units awarded and vested hereunder (if any), the                                             Page 3 of 8  4811-4098-0578.3  

 

                                                                            Exhibit 10.4               Director shall have no rights as a stockholder with respect to the Stock Units or              any underlying Stock.                      12.  No Right to Continued Service.  Nothing contained in the Plan or this Agreement              shall confer upon the Director any right to continue as a member of the Board.                  13.  Discretionary Nature of Plan; No Vested Rights.  The Director acknowledges and              agrees that the Plan is discretionary in nature and limited in duration and may be              amended, cancelled, or terminated by the Company, in its sole discretion, at any              time.  The grant of the Stock Units under the Plan is a one-time benefit and does              not create any contractual or other right to receive an award or benefits in lieu of              Stock Units in the future.  Future awards, if any, will be at the sole discretion of              the Company, including, but not limited to, the form and timing of an award, the              number of shares of Stock subject to the award, and the vesting provisions.                  14.  Private Placement.  The grant of the Stock Units is not intended to be a public              offering of securities in the Director’s country of residence but instead is intended              to be a private placement.  As a private placement, the Company has not              submitted any registration statement, prospectus or other filings with the local              securities authorities (unless otherwise required under local law), and the grant of              the Stock Units is not subject to the supervision of the local securities authorities.                      15.  Consent to Collection, Processing and Transfer of Personal Data.  Pursuant to              applicable personal data protection laws, the Company hereby notifies the              Director of the following in relation to the Director’s personal data and the              collection, processing and transfer of such data in relation to the Company’s              grant of this Award and the Director’s participation in the Plan.  The collection,              processing and transfer of the Director’s personal data is necessary for the              Company’s administration of the Plan and the Director’s participation in the Plan.               The Director’s denial and/or objection to the collection, processing and transfer of              personal data may affect the Director’s participation in the Plan.  As such, the              Director voluntarily acknowledges and consents (where required under              applicable law) to the collection, use, processing and transfer of personal data as              described herein.                              The Company holds certain personal information about the Director, including              name, home address and telephone number, date of birth, social security              number or other tax identification number, nationality, job title, any shares of              Stock or directorships held in the Company, details of all Stock Units, or any              other entitlement to shares of Stock awarded, canceled, purchased, vested,              unvested or outstanding in the Director’s  favor, for the purpose of managing and              administering the Plan (“Data”).   The Data may  be provided by the Director or              collected, where lawful, from third parties, and the Company will process the              Data for the exclusive purpose of implementing, administering and managing the              Director’s participation in the Plan. The Data processing will take place through              electronic and non-electronic means according to logic and procedures strictly                                             Page 4 of 8  4811-4098-0578.3  

 

                                                                            Exhibit 10.4               correlated to the purposes for which Data are collected and with confidentiality              and security provisions as set forth by applicable laws and regulations in the              Director’s country of residence.  Data processing operations will be performed              minimizing the use of personal and identification data when such operations are              unnecessary for the processing purposes sought. Data will be accessible within              the Company’s organization only by those persons requiring access for purposes              of the implementation, administration and operation of the Plan and for the              Director’s participation in the Plan.                            The Company will transfer Data as necessary for the purpose of implementation,              administration and management of the Director’s participation in the Plan, and              the Company may further transfer Data to any third parties assisting the              Company in the implementation, administration and management of the Plan.               These recipients may be located in the European Economic Area, or elsewhere              throughout the world, such as the United States.  The Director hereby authorizes              (where required under applicable law) them to receive, possess, use, retain and              transfer the Data, in electronic or other form, for purposes of implementing,              administering and managing the Director’s participation in the Plan, including any              requisite transfer of such Data as may be required for the administration of the              Plan and/or the subsequent holding of shares of Stock on the Director’s behalf to              a broker or other third party with whom the Director may elect to deposit any              shares of Stock acquired pursuant to the Plan.                              The Director may, at any time, exercise his or her rights provided under              applicable personal data protection laws, which may include the right to (a)              obtain confirmation as to the existence of the Data, (b) verify the content, origin              and accuracy of the Data, (c) request the integration, update, amendment,              deletion, or blockage (for breach of applicable laws) of the Data, and (d) to              oppose, for legal reasons, the collection, processing or transfer of the Data which              is not necessary or required for the implementation, administration and/or              operation of the Plan and the Director’s participation in the Plan.  The Director              may seek to exercise these rights by contacting the Company’s Legal              Department.                  16.  Terms of the Plan Shall Govern.  The Award is made pursuant to, and is subject              to, the Plan, including, without limitation, its provisions governing a Change in              Control and Cancellation and Rescission of Awards.  In the case of any conflict              between the Plan and this Agreement, the terms of the Plan shall control.  Unless              otherwise indicated, all capitalized terms contained in this Agreement shall have              the meaning assigned to them in the Plan.                  17.  Tax and Social Insurance Contributions Withholding.  Regardless of any action              the Company may take with respect to any or all income tax or other tax-related              items pertaining to the Stock Units (“Tax-Related Items”), the Director              acknowledges that the ultimate liability for all Tax-Related Items legally due by              the Director is and remains the Director’s responsibility and that the Company (i)                                             Page 5 of 8  4811-4098-0578.3  

 

                                                                            Exhibit 10.4               makes no representations or undertakings regarding the treatment of any Tax-             Related Items in connection with any aspect of the Stock Units, including the              grant of the Stock Units, the vesting of the Stock Units, the subsequent sale of              any Stock acquired pursuant to the Stock Units and the receipt of any dividends              or dividend equivalents; and (ii) does not commit to structure the terms of the              grant or any aspect of the Stock Units to reduce or eliminate the Director’s              liability for Tax-Related Items.                            Prior to the delivery of the Stock upon the vesting of the Stock Units, if any taxing              jurisdiction requires withholding of Tax-Related Items, the Company may              withhold a sufficient number of whole shares of Stock otherwise issuable upon              the vesting of the Stock Units that have an aggregate Fair Market Value not to              exceed the maximum statutory Tax-Related Items required to be withheld with              respect to the Shares.  The cash equivalent of the Shares withheld will be used              to settle the obligation to withhold the Tax-Related Items (determined by              reference to the Fair Market Value of the Stock on the applicable vesting date.               No fractional shares of Stock will be withheld or issued pursuant to the grant of              the Stock Units and the issuance of Stock hereunder.                          18.  Electronic Delivery.  The Company may, in its sole discretion, decide to deliver              any documents related to the Stock Units granted to the Director under the Plan              by electronic means.  The Director hereby consents to receive such documents              by electronic delivery and agrees to participate in the Plan through an on-line or              electronic system established and maintained by the Company or a third party              designated by the Company.                    19.  English Language.  The Director acknowledges and agrees that it is the              Director’s express intent that this Agreement, the Plan and all other documents,              notices and legal proceedings entered into, given or instituted pursuant to the              Stock Units be drawn up in English.  If the Director has received this Agreement,              the Plan or any other documents related to the Stock Units translated into a              language other than English, and if the meaning of the translated version is              different than the English version, the English version shall control.                      20.  Additional Requirements.  The Company reserves the right to impose other              requirements on the Stock Units, any shares of Stock acquired pursuant to the              Stock Units, and the Director’s participation in the Plan, to the extent the              Company determines, in its sole discretion, that such other requirements are              necessary or advisable in order to comply with local law or to facilitate the              administration of the Plan.  Such requirements may include (but are not limited              to) requiring the Director to sign any agreements or undertakings that may be              necessary to accomplish the foregoing.                    21.  Governing Law.  The Award made and actions taken under the Plan and this              Agreement shall be governed by and construed in accordance with the laws of              the State of Delaware without taking into account its conflict of laws provisions.                                                 Page 6 of 8  4811-4098-0578.3  

 

                                                                            Exhibit 10.4               22.  Binding Effect.  Subject to the limitations stated above, this Agreement shall be              binding upon and inure to the benefit of the parties’ respective heirs, legal              representatives successors and assigns.                        23.  Change in Capital or Corporate Structure.  In the event of any merger,              reorganization, consolidation, recapitalization, stock dividend, stock split,              extraordinary distribution with respect to the Stock, other change in corporate              structure affecting the Stock or any other event, which other event the              Compensation Committee determines necessitates an adjustment to prevent              dilution or enlargement of the benefits or potential benefits intended to be made              available hereunder, this Agreement shall be adjusted pursuant to Section 4.4 of              the Plan.                  24.  Entire Agreement.  This Agreement is the entire agreement between the parties              hereto, and all prior oral and written representations are merged into this              Agreement.  The headings in this Agreement are inserted for convenience and              identification only and are not intended to describe, interpret, define or limit the              scope, extent, or intent of this Agreement or any provision hereof.                    25.  Notices.  Any notice or other communication required or permitted under this              Agreement must be in writing and must be delivered personally, sent by certified,              registered or express mail, or sent by overnight courier, at the sender's expense.              Notice shall be deemed given when delivered personally or, if mailed, three days              after the date of deposit in the United States mail or, if sent by overnight courier,              on the regular business day following the date sent.  Notice to the Company              should be sent to Attention: Vice President, Human Resources, BorgWarner              World Headquarters, 3850 Hamlin Road, Auburn Hills, MI, USA 48326.  The              Company may change the person and/or address to whom the Director must              give notice under this paragraph by giving the Director written notice of such              change, in accordance with the procedures described above.  Notices to or with              respect to the Director shall be directed to the Director, or to the Director's              executors, personal representatives or distributees, if the Director is deceased, or              the assignees of the Director, at the Director's last home address on the records              of the Company.                    26.  Amendment of the Agreement.  Except as otherwise provided in the Plan, the              Company and the Director may amend this Agreement only by a written              instrument signed by both parties.                      27.  Counterparts.  This Agreement may be executed in one or more counterparts, all              of which together shall constitute but one agreement.                                                         Page 7 of 8  4811-4098-0578.3  

 

                                                                            Exhibit 10.4               IN WITNESS WHEREOF, BORGWARNER INC. and the Director have executed        this Agreement to be effective as of the date first written above.                                                                BORGWARNER INC.                                                                                       By:                                                                                    Title:   Executive Vice President, Chief                                                                             Human Resources Officer                         I acknowledge receipt of a copy of the Plan (either as an attachment hereto or that has        been previously received by me) and that I have carefully read this Agreement and the        Plan.  I agree to be bound by all of the provisions set forth in this Agreement and the        Plan.                                                                                  Date                                   DIRECTOR                                                             Page 8 of 8  4811-4098-0578.3

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