Document:

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                                                                   Exhibit 10.14

                     INTELLECTUAL PROPERTY LICENSE AGREEMENT

     This AGREEMENT ("IP AGREEMENT") dated as of October 1, 2005 is between
Visteon Corporation, a Delaware corporation ("VISTEON"), Visteon Global
Technologies, Inc., a Michigan Corporation ("VGTI"), and Ford Motor Company, a
Delaware corporation ("FORD").

                                   WITNESSETH:

     WHEREAS, Ford and Visteon have agreed to enter into: (i) a Visteon "B"
Purchase Agreement dated as of September 12, 2005, pursuant to which Ford has
agreed to consummate the transactions contemplated thereby, including the
purchase and sale of the Shares, on the terms and conditions set forth therein;
(ii) a Visteon "A" Transaction Agreement dated as of September 12, 2005 (the
"VISTEON "A" TRANSACTION AGREEMENT") whereby, among other things, and subject to
the terms and conditions set forth therein, Ford has agreed to provide financial
assistance to Visteon in connection with the restructuring of the businesses of
Visteon; and (iii) certain commercial arrangements or certain modifications to
existing commercial arrangements with respect to the businesses of Visteon;

     WHEREAS, Visteon and Automotive Components Holdings, Inc. (f/k/a VFH
Holdings, Inc.) ("ACH"), a Delaware corporation, have entered into a
Contribution Agreement dated as of September 12, 2005 (the "Contribution
Agreement") pursuant to which, among other things, Visteon has contributed (or
cause to be contributed) to ACH certain intellectual property and software
assets related to the Business, as defined in the Contribution Agreement;

     WHEREAS, in furtherance of the restructuring of the Visteon businesses,
Ford desires to receive and Visteon and VGTI desire to grant to Ford licenses
under certain intellectual property.

     NOW THEREFORE, in consideration of the above premises and the mutual
covenants herein contained, and for other good and valuable consideration given
by each party hereto to the other, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto, for themselves, their successors and
permitted assigns, intending to be legally bound, agree as follows:

                                   ARTICLE 1:
                                   DEFINITIONS

     Section 1.01. Definitions. (a) Capitalized terms used but otherwise not
defined herein shall have the meanings as assigned to them in the Visteon "A"
Transaction Agreement and the Contribution Agreement. In the event of any
discrepancy between the definitions used in those Agreements and definitions
used in this Agreement, the definitions herein shall apply.

     (b) The following terms, as used herein, have the following meanings:

     "Company Only Products and Technologies" means the following products and
technologies manufactured only by the Company as of the Closing Date, for
manufacture and sale to any customer, including any improvements or developments
for currently

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produced products or those in the current cycle plan for Plants which have
passed the Visteon CDP Gate 2 (or equivalent) approval, except that any such
improvements or developments 1) that are subject to pre-existing contractual
obligations that prevent transfer to Company are not to be included or 2) that
are subject to a joint development agreement with non-Ford OEM's, or other
suppliers, subject to mutual agreement of inclusion, or exclusion, between the
parties: Driveshafts, Catalytic Converters, Body Stampings, Stabilizer Bars,
Steering Columns, RV Steering Gears, Steering Pumps, Seat Foam, Wiper Motors,
Glass.

     "Copyrights" mean (i) any copyright in any original works of authorship in
technology fixed in any tangible medium of expression as set forth in 17 U.S.C.
Section 101 et. seq., whether registered or unregistered, including any
applications for registration thereof, (ii) any corresponding foreign copyrights
under the laws of any jurisdiction, in each case, whether registered or
unregistered, and any applications for registration thereof, and (iii) Common
Law or moral rights under the laws of any jurisdiction.

     "Core Shared Products and Technologies" means Shared Products and
Technologies for any of the following products or technologies: HVAC Air
Handling Systems, HVAC Manual Controls, Heater Cores, Radiators, Cooling Modules
(FEM), Headlamps, Rear Lamps, Cockpit Modules, Instrument Panels, Consoles, Door
Panels/Trim, Glove Box, Sys/Finish Panel/Defroster Grilles, Air Induction
Systems.

     "Derivative Work" means a work of authorship based on one or more
preexisting works, including, without limitation, a translation, condensation,
transformation, expansion or adaptation, which, if prepared without
authorization of the owner of the copyright of such preexisting work, would
constitute a copyright infringement. The term "Derivative Work" does not include
the preexisting work upon which the Derivative Work is based.

     "Engineering Design Tools" means product specific tools or data (software
or hardcopy) specifically designed or utilized to design, model, simulate, or
visualize the product or process used to make the product including all
supporting documentation for such tools. Examples may include: CAD, CAE, CAM,
Knowledge Based Engineering applications and Engineering Design Manuals or Check
Lists. Specifically excluded from this definition are standard computer design
tools and software which are covered under the IT agreement. All of the
Engineering Design Tools listed in any Attachment to an Appendix are subject to
the terms of any preexisting contracts. Such Engineering Design Tools are
provided on an "as-is" basis, without any commitments by either party that
maintenance or any other support will be provided in the future.

     "Ford" means Ford Motor Company and its Subsidiaries and Affiliates,
including Mazda Motor Corporation and its Subsidiaries and Affiliates, except
where specifically noted.

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     "Invention Disclosure" means a disclosure of an invention which (i) is
written for the purpose of recording the conception or reduction to practice of
an invention, and (ii) is maintained with a control number in the owning party's
records.

     "Joint Venture Company" means a company in which Visteon or one or more of
its Subsidiaries or Affiliates owns or controls, directly or indirectly, more
than 33% of the voting shares or other equity interest.

     "Mask Work Rights" means (i) any rights in mask works as defined in 17
U.S.C. Section 901, whether registered or unregistered, including applications
for registration thereof, and (ii) any foreign rights in semiconductor
topologies under the laws of any jurisdiction, whether registered or
unregistered, including applications for registration thereof.

     "Non-Core Shared Products and Technologies" means Shared Products and
Technologies for any of the following products or technologies: Axles, Power
Take-off Unit (PTU), Manual Steering Gears, HPAS Steering Gears, Ignition
Systems, Air Charging Assemblies, Throttle Bodies, Fuel Charge Assemblies, Fuel
Injectors, Air/Fuel Charging Assemblies, Integrated Air/Fuel Modules, Fuel
Pumps.

     "Non-Patented Product Design IP and Manufacturing IP " means all (1)
research, product designs, technological models, algorithms, manufacturing
processes, design processes, behavioral models, logic diagrams, schematics, test
vectors, know-how, computer and electronic data processing and other apparatus
programs and software (object code and source code), optical, hydraulic and
fluidic apparatus and processes, chemical processing, databases and
documentation thereof, technical information, data, specifications, drawings,
records, documentation, mask works, Invention Disclosures, works of authorship
or other creative works, or websites, all of which exist at the Closing Date,
and (2) Trade Secrets, Mask Work Rights, and Copyrights, related to those items
described in (1) above and which exist at the Closing Date, for which Visteon
has the right to assign or to grant licenses, including those stated in the
Appendices hereof. Such Non-Patented Intellectual Property is provided on an
"as-is" basis, without any commitments by either party that maintenance or any
other support will be provided in the future.

     "Patents" means those worldwide patents (including patents of importation,
patents of confirmation, patents of improvement, patents and certificates of
addition and utility model patents, as well as divisions, reissues,
continuations, continuations-in-part, reexamination certificates, renewals and
extensions of any of the foregoing), pending patent applications, Invention
Disclosures submitted prior to the Closing Date and patent applications based
thereon and patents which may issue from such applications after the Closing
Date for which Visteon has the right to assign or to grant licenses and which
are identified in the Appendices hereof.

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     "Region" means any one country of a group in North America, South America,
Europe, Africa and Asia Pacific (including but not limited to China, Korea,
Japan, Viet Nam, Australia and India).

     "Shared Products and Technologies" means products made at both Visteon and
Plants as of the Closing Date, for manufacture and sale to any customer,
including any improvements or developments for currently produced products or
those in the current cycle plan for Plants which have passed the Visteon CDP
Gate 2 (or equivalent) approval, except that any such improvements or
developments 1) that are subject to pre-existing contractual obligations that
prevent transfer to Ford are not to be included or 2) that are subject to a
joint development agreement with non-Ford OEM's, or other suppliers, subject to
mutual agreement of inclusion, or exclusion, between the parties.

     "Trade Secrets" means business and technical methods, processes,
compilations, information and know-how that are not publicly known and which
give the owner a competitive advantage in its business. Such Trade Secrets are
provided on an "as-is" basis, without any commitments by either party that
maintenance or any other support will be provided in the future.

                                    ARTICLE 2
                                  LICENSE GRANT

     Section 2.01. Grant. Visteon and VGTI hereby grant, or to cause to be
granted, to Ford licenses under certain Licensed Intellectual Property Rights
and Owned Intellectual Property Rights as set forth in the Appendices attached
hereto (the "LICENSED INTELLECTUAL PROPERTY"), subject to the rights and
limitations set forth therein.

     Section 2.02. The licenses granted in this Article 2 are subject to
existing and contingent obligations Visteon and Visteon's Affiliates may have
under contracts with third parties. As soon as practicable after execution of
this Intellectual Property License Agreement, Visteon, VGTI and Ford will review
and take action using commercially reasonable efforts consistent with Section
2.05 of the Contribution Agreement to modify those contracts which are affected
by the transfers provided in this Article 2, and take such actions as are
necessary to reflect rights now accruing to Ford.

     Section 2.03. Upon request by Ford, all documents and papers shall be
executed, and all reasonable assistance shall be furnished by Visteon and
Visteon Affiliates to enable Ford to obtain and perfect any and all rights
licensed to Ford in this Article 2. Such assistance shall include, but not be
limited to, commercially reasonable assistance needed to enable Ford to grant
appropriate warranties, where applicable, to third parties.

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     Section 2.04. Notwithstanding the definitions used in Article 1 herein,
each party and its Affiliates have the right to retain and use documents and
things that describe or contain any Licensed Intellectual Property that it
rightfully has in its possession as of the Closing Date, provided that such
copies and things shall be subject to the rights and limitations as specified in
the Appendices attached hereto and the confidentiality obligations of Article 5
herein.

     Section 2.05. Implied Licenses for Purchased Parts. Visteon and VGTI agree
to not assert against Ford or any customer of Ford any intellectual property
right owned by Visteon or VGTI for the manufacture, use or sale of products
covered by such intellectual property right, provided that such products are
used in systems or assemblies manufactured by or for Ford for use in its
vehicles (pursuant to the rights and limitations of this IP Agreement) and are
purchased from the then current Visteon suppliers used by Visteon to supply such
products for such assemblies. Visteon shall provide reasonable notice to Ford of
any change in supplier of such products. Ford shall have a commercially
reasonable period in which to change to the newly selected Visteon supplier.

                                    ARTICLE 3
                                  CONSIDERATION

     Section 3.01. Consideration. The licenses granted to Ford are made by
Visteon and VGTI pursuant to the obligations under the Master Agreement, the
Visteon B Purchase Agreement and the Visteon A Transaction Agreement and in
consideration set forth therein.

                                    ARTICLE 4
                          REPRESENTATION AND WARRANTIES

     Section 4.01. Representations and Warranties. To the knowledge of Visteon,
neither Visteon nor any Affiliate of Visteon has infringed, misappropriated or
otherwise violated any Intellectual Property Right of any third party, and no
person has infringed, misappropriated or otherwise violated any Licensed
Intellectual Property.

     Section 4.02. To the knowledge of Visteon, none of the Licensed
Intellectual Property has been adjudged by a court of competent jurisdiction
invalid or unenforceable in whole or part, and, to the knowledge of Visteon, all
such Licensed Intellectual Property are valid and enforceable. Visteon or an
Affiliate of Visteon holds all right, title and interest in and to all the
Licensed Intellectual Property, free and clear of any Lien.

     Section 4.03. With respect to pending applications and applications for
registration of the Licensed Intellectual Property, Visteon is not aware of any
reason that would reasonably be expected to prevent any such application or
application for

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registration from being granted with coverage substantially equivalent to the
latest amended version of the pending application or application for
registration. To the knowledge of Visteon, none of the patents and patent
applications included in the Licensed Intellectual Property is currently the
subject of an interference, protest, opposition, public use proceeding or third
party reexamination request.

                                    ARTICLE 5
                                 CONFIDENTIALITY

     Section 5.01. Confidentiality. Visteon, VGTI and Ford each agree to hold in
confidence, and to use only as permitted by the licenses granted by this
Agreement, all Non-Patented Intellectual Property, Engineering Design Tools or
other information designated by the disclosing party in writing or by
appropriate stamp or legend as "CONFIDENTIAL" or some similar marking of like
importance, or where the nature of the information is such that a reasonable
person who deals with such information would believe that a party intends or is
obligated to maintain it as confidential (hereinafter "Confidential
Information"). The receiving party agrees to use the same degree of care, but no
less than a reasonable degree of care, to prevent the unauthorized use and
disclosure of the Confidential Information to third parties as it uses to
protect its own confidential information of like importance. Except as specified
below, the obligations of this Section 5.01 shall terminate on December 31,
2009, after which the party having received the Confidential Information shall
limit further disclosure in the same manner as that party protects its own
confidential information of like importance.

     Section 5.02. Notwithstanding any other provision of this Agreement, the
obligations of restricted disclosure and use specified herein will not apply to
Confidential Information which:

(a)  is available as of the Closing Date or later becomes available to the
     public without breach of this Agreement; or

(b)  is authorized for release in writing by the disclosing party prior to the
     applicable disclosure; or

(c)  is lawfully obtained from a third party or parties without a duty of
     confidentiality; or

(d)  is disclosed to a third party by the disclosing party without a similar
     duty of confidentiality; or

(e)  is at any time developed by the receiving party independently of any
     related disclosure(s) from the disclosing party.

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     Section 5.03. With regard to any Confidential Information disclosed
pursuant to this Agreement, the receiving party shall not be liable for
unauthorized disclosure of such Confidential Information pursuant to judicial
action or governmental regulations or requirements, provided that the receiving
party notifies the disclosing party of the need for such disclosure within a
reasonable period of time before such disclosure is required.

     Section 5.04. Notwithstanding any other provisions of this Article 5, and
provided it is not otherwise restricted under this Agreement, disclosure of
Confidential Information by a licensed party under this Agreement to a third
party will be permitted only to the extent necessary to carry out the license
grants herein, and only after such third party agrees to adhere to
confidentiality provisions at least as restrictive as those adhered to by the
receiving party under this Agreement and to use such Confidential Information
only to provide products to, or purchase products from, the receiving party
herein.

     Section 5.05. With respect to Confidential Information that includes
software of the type embedded in a product or associated tools, disclosure by a
receiving party under this Agreement to a third party will be permitted only to
the extent necessary to carry out the license grants herein, and further
provided that such third party agrees to: protect such software for a period of
at least five (5) years from date of disclosure; use such software only to
provide products to, or design, test and manufacture products for, or purchase
products from, the licensed party herein; and limit access to its employees
having a need to use such software to provide products to, or design, test and
manufacture products for, or purchase products from, the licensed party herein.

                                    ARTICLE 6
                                     NOTICE

     Section 6.01. Notice. All notices and other communications hereunder shall
be in writing and shall be deemed to have been duly given when delivered in
person, by telecopy with answer back, by express or overnight mail delivered by
a nationally recognized air courier (delivery charges prepaid), by registered or
certified mail (postage prepaid, return receipt requested) or by e-mail with
receipt confirmed by return e-mail to the respective parties as follows:

if to Ford:

     FORD Global Technologies, Inc.
     One Parklane Blvd. Suite 600 East
     Dearborn, Michigan 48126
     Attention: President and CEO
     Telecopy: (313) 322 7162
     E-mail: wcoughli@ford.com

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if to Visteon or VGTI:

     VISTEON Global Technologies, Inc.
     One Village Center Drive
     Van Buren Township, Michigan 48111
     Attention: Chief Intellectual Property Counsel
     Telecopy: (734) 736-5560
     E-mail: sconfer@visteon.com

or to such other address as the Party to whom notice is given may have
previously furnished to the other in writing in the manner set forth above. Any
notice or communication delivered in person shall be deemed effective on
delivery. Any notice or communication sent by e-mail, telecopy or by air courier
shall be deemed effective on the first Business Day following the day on which
such notice or communication was sent (provided that a confirming copy is
dispatched by regular mail on the same date as such e-mail or telecopy
communication is sent). Any notice or communication sent by registered or
certified mail shall be deemed effective on the fifth Business Day following the
day on which such notice or communication was mailed. As used in this Section
6.01, "Business Day" means any day other than a Saturday, a Sunday or a jointly
observed Ford/Visteon holiday.

                                    ARTICLE 7
                                  MISCELLANEOUS

     Section 7.01. Obligation to Disclose Technology. Visteon and VGTI each
agree to put forth a good faith effort to deliver copies of documents and
information requested by Ford as part of this Agreement and to give full
enabling effect to the licenses granted hereunder, provided that Ford agrees to
pay for the reasonable administrative costs for copying and delivering the
requested copies of documents and information. The foregoing obligation to copy
and deliver the requested documents and information shall terminate for any
requests communicated after April 1, 2006.

     Section 7.02. Inadvertent Omissions: Visteon and VGTI have used good faith
efforts to identify all Licensed Intellectual Property Rights and Owned
Intellectual Property Rights to be transferred to Ford as required by this
Agreement. To the extent any Licensed Intellectual Property Rights and Owned
Intellectual Property Rights are discovered or identified at any time before or
after the Closing Date which had they been discovered or identified prior to the
date hereof would have been transferred to Ford pursuant to this Agreement but
are still in Visteon's or any of Visteon's Affiliates' possession, Visteon shall
immediately transfer and promptly deliver them (or cause them to be delivered)
to Ford according to the appropriate grant in the Appendices attached hereto.

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To Visteon's knowledge, the appendices and attachments hereto include all
Licensed Intellectual Property Rights and Owned Intellectual Property Rights
existing as of June 15, 2005 to be licensed to Ford. The parties agree that
within 30 days after Closing, they will cooperate and identify all other
Licensed Intellectual Property Rights and Owned Intellectual Property Rights to
be licensed to Ford pursuant to this Agreement that are conceived, created,
developed, or identified for contribution between June 15, 2005 and Closing. The
parties agree that such Licensed Intellectual Property Rights and Owned
Intellectual Property Rights will be added to the appropriate appendix herein.
In the event that new circumstances exist at Closing that affect the original
disposition of an asset pursuant to this Agreement, the parties will meet and
mutually agree to the correct disposition of such asset.

     Section 7.03. Defensive Protection Measures. For a period of five (5) years
from the Closing Date, the parties shall cooperate reasonably and in good faith,
to the extent consistent with each party's own business objectives and
agreements with third parties, in the event that either party is involved in
technology litigation or other controversies in which it would be helped in some
way by the other party's relevant knowledge. Such cooperation may include, by
way of example, cooperation with respect to knowledge of prior art.

     Section 7.04. Transferability. To the extent permitted in the Appendices
attached hereto, Ford's obligations and limitations set forth therein may be
transferred to third parties, provided however, that such third parties must
agree to assume, in writing, all of Ford's obligations as stated therein.

     Section 7.05. Assignability. Except to the extent expressly prohibited by
this IP Agreement, either party may, directly or indirectly, in whole or in
part, whether by operation of law or otherwise, assign or transfer this
Agreement, without the other party's prior written consent. Without limiting the
foregoing, this IP Agreement will be binding upon and inure to the benefit of
the parties and their permitted successors and assigns.

     Section 7.06. Other Terms. All other terms and conditions of the Master
Agreement, the Visteon B Purchase Agreement and the Visteon A Transaction
Agreement, to the extent they do not conflict with the terms and conditions of
this Agreement, are incorporated into this Agreement. In the event of a conflict
of terms, the terms of this Agreement shall control.

     Section 7.07. Counterparts. This Agreement may be executed in two or more
counterparts, all of which, taken together, shall be considered to be one and
the same instrument.

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                                    ARTICLE 8
                              TERM AND TERMINATION

     Section 8.01. This Agreement will terminate upon the expiration date of the
last-to-expire of the intellectual property rights that are the subject of
Section 2.01 above.

     Section 8.02. Either party may terminate this Agreement upon ninety (90)
days written notice to the other for failure to fulfill any obligations
hereunder; provided, however, if during the ninety (90) day period such
obligations have been fulfilled, this Agreement shall continue in full force and
effect as it would have done had such notice not been given.

     WHEREFORE, the parties have signed this Intellectual Property License
Agreement.

VISTEON CORPORATION                     VISTEON GLOBAL TECHNOLOGIES, INC.

By: /s/ James F. Palmer                 By: /s/ James F. Palmer
    ---------------------------------       ------------------------------------
Name:   James F. Palmer                 Name:   James F. Palmer
      -------------------------------         ----------------------------------
Title:  Executive Vice President and    Title:  Vice President
        Chief Financial Officer                ---------------------------------
       ------------------------------

FORD MOTOR COMPANY

By: /s/ Donat R. Leclair
    ---------------------------------
Name:   Donat R. Leclair
      -------------------------------
Title:  Executive Vice President and
        Chief Financial Officer
       ------------------------------

                                                                              10<PAGE>
                                                                   Exhibit 10.15

                             AMENDMENT NUMBER TWO TO
               AMENDED AND RESTATED EMPLOYEE TRANSITION AGREEMENT

     The Amended and Restated Employee Transition Agreement dated as of April 1,
2000 and restated as of December 19, 2003 by and between Ford Motor Company, a
Delaware corporation ("Ford") and Visteon Corporation, a Delaware corporation
("Visteon") is hereby amended as follows:

     1.   Section 3.01 is amended to add subsection (i) to read as follows:

          (i) Effective as of the closing of the transactions contemplated by
          the Visteon "A" Transaction Agreement dated as of September 12, 2005
          between Ford and Visteon (the "2005 Transaction Date"), Ford shall pay
          Visteon an amount equal to one-half of the annual prospective SFAS 87
          expense from the date of retirement under the Visteon Mirror GRP,
          including prorata interest on the retiree obligation, a prorata share
          of the actuarial gains or losses, and a prorata share of expected
          return on assets, for Group I and Group II Employees who are leased
          under the Visteon Salaried Lease Agreement dated as of October 1, 2005
          between Visteon and Automotive Components Holdings, LLC f/k/a VFH
          Holdings, LLC ("ACH") ("Visteon Salaried Lease Agreement") and who (1)
          apply to retire in the period commencing immediately after public
          announcement by ACH of a sale, closure or exit from an operation of
          ACH ("ACH Event") and terminating one month after the date of such
          announcement, or (2) retire during the period commencing immediately
          after the ACH Event and terminating on the 2nd day of the 2nd calendar
          month beginning after the ACH Event, or (3) in the case of a Group I
          or Group II Employee who is leased to the buyer of an ACH operation
          pursuant to Section 2.05 of the Visteon Salaried Lease Agreement,
          retires during the period commencing immediately after the date such
          an employee ceases to be leased to such buyer and terminating on the
          2nd day of the 2nd calendar month beginning after that date; provided,
          however, that such retirement does not occur more than eight months
          after the sale to the buyer ("Visteon Special Retirees"). Any
          reimbursement hereunder shall not include SFAS 88 charges. This amount
          shall be paid monthly. For avoidance of doubt, Visteon shall retain
          responsibility for (A) Group I and Group II Employees who are not
          leased employees under the Visteon Salaried Lease Agreement; (B) Group
          I and Group II Employees who are leased under the Visteon Salaried
          Lease Agreement but who are not Visteon Special Retirees, as defined
          above; and (C) Group III Employees. Any amounts Ford may owe to
          Visteon pursuant to this subsection (i) shall be offset from any
          amounts Visteon owes Ford under Section 3.01(c)(ii) of this Agreement.
<PAGE>
     2.   Section 3.01 is amended to add subsection (j) to read as follows:

          (j) Effective as of the 2005 Transaction Date, in the event a Group I
          or II Employee accepts an offer of employment by Ford or any of its
          subsidiaries that participate in the GRP ("Ford Returnee"), Ford shall
          be responsible for paying the retirement benefits of such employee for
          the combination of Ford service prior to July 1, 2000 and Ford service
          after the date such employee is enrolled on the Ford salaried
          employment rolls ("Ford Return Date"). Visteon shall remain
          responsible for providing retirement benefits for service after July
          1, 2000 and prior to the Ford Return Date for such employees. The
          provisions of Section 3.01 of the Salaried Employee Transition
          Agreement dated as of October 1, 2005 between Visteon and Ford shall
          apply to Ford Returnees as if fully set forth herein. In addition,
          Ford shall be responsible for providing post retirement health and
          life insurance benefits, if any, for Ford Returnees as of the
          retirement date at Ford's cost and Visteon's OPEB Obligations (as
          defined in Section 3.03) shall be reduced accordingly.

     3.   Section 3.02 is amended to add subsection (d) to read as follows:

          (d) Effective as of the 2005 Transaction Date, Ford shall pay Visteon
          an amount equal to one-half of the annual prospective SFAS 87 expense
          from the date of retirement under the Visteon Mirror NQP's, including
          prorata interest on the retiree obligation, a prorata share of the
          actuarial gains or losses, and a prorata share of expected return on
          assets, if any, for Visteon Special Retirees. Any reimbursement
          hereunder shall not include SFAS 88 charges. This amount shall be paid
          monthly. For avoidance of doubt, Visteon shall retain responsibility
          for (A) Group I and Group II Employees who are not leased employees
          under the Visteon Salaried Lease Agreement; (B) Group I and Group II
          Employees who are leased under the Visteon Salaried Lease Agreement
          but who are not Visteon Special Retirees, as defined in Subsection
          3.01(i) above; and (C) Group III Employees. Any amounts Ford may owe
          to Visteon pursuant to this subsection (d) shall be offset from any
          amounts Visteon owes Ford under Section 3.02(c)(ii) of this Agreement.

     4.   The first paragraph of Section 3.03 is amended to read as follows:

          Visteon shall pay the cost of providing post-retirement health and
          life benefits for Group I and Group II Employees under the Ford Health
          and Group Life and Disability Insurance Plan (the "Plans") ("OPEB")
          beginning as of the Benefit Transition Date as provided below.

          Notwithstanding the foregoing, effective as of the 2005 Transaction
          Date, Visteon's annual cash OPEB reimbursement obligation to Ford
          described in subsection 3.03 (a) below and the balance sheet liability
          and SFAS 106

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<PAGE>
          expense described in subsection 3.03 (b) below (collectively, the
          "OPEB Obligations") shall exclude OPEB Obligations attributable to
          Group I and Group II Employees who retired prior to May 24, 2005 (the
          "MOU Retirees"), valued as of September 30, 2005 by the Ford Actuary
          and verified by the Visteon Actuary, and based on assumptions used by
          Ford for its Ford salaried employees. Effective the date of the
          Visteon Salaried Employee Transition Agreement between the Parties
          ("Salaried Transition Agreement"), the OPEB Obligations shall also
          exclude, retroactive to the Effective Date of this Agreement, OPEB
          Obligations attributable to Group I and Group II Employees who
          transfer to Ford pursuant to the terms of the Salaried Employee
          Transition Agreement ("Rawsonville/Sterling Transferred Employees"),
          valued at January 1, 2006 by the Ford Actuary and verified by the
          Visteon Actuary, and based on assumptions used by Ford for its Ford
          salaried employees. Ford hereby fully, unconditionally, completely,
          irrevocably and forever forgives and releases Visteon from the OPEB
          Obligations attributable to the MOU Retirees and the
          Rawsonville/Sterling Transferred Employees, as described herein.
          Effective on the 2005 Transaction Date, the OPEB Obligations shall
          also exclude one-half of the annual prospective SFAS 106 expense from
          the date of retirement, including prorata interest on the retiree
          obligation, a prorata share of the actuarial gains and losses, and a
          prorata share of expected return on assets, if any, for Visteon
          Special Retirees. Any reimbursement hereunder shall not include SFAS
          88 charges. For avoidance of doubt, Visteon shall retain financial
          responsibility for (A) Group I and Group II Employees who are not
          leased employees under the Visteon Salaried Lease Agreement; (B) Group
          I and Group II Employees who are leased under the Visteon Salaried
          Lease Agreement but who are not Visteon Special Retirees, as defined
          in Subsection 3.01(i) above; and (C) Group III Employees.

     5.   Subsection 3.03b(i) is amended to read as follows:

               (i)  For years 2011 through 2020. The amount of cash payable to
                    the Visteon VEBA in each year commencing January 1, 2011
                    through December 31, 2020 shall be an amount equal to the
                    sum of (A) and (B), less (C), but not less than zero, where:

                    (A)  is the OPEB balance sheet liability in respect of Group
                         I and II Employees as of December 31, 2010 (these
                         amounts to be determined by the Ford Actuary and
                         verified by the Visteon Actuary), divided by 10;

                    (B)  is the annual amortized SFAS 106 expense which is an
                         amount equal to the SFAS 106 expense with

                                       3
<PAGE>
                         respect to Group I and II Employees as computed by the
                         Ford Actuary and verified by the Visteon Actuary and
                         based on assumptions used by Ford for its Ford salaried
                         employees, and reduced by the actual return on the
                         VEBA, amortized over 30 years for the period commencing
                         January 1, 2011 and ending December 31, 2020, and

                    (C)  is the balance in the Salaried Employee OPEB Payment
                         Notional Account, as described below.

     6. Subsection b. of Section 3.03 is further amended to insert the following
paragraph directly after Subsection b(iii):

          The Salaried Employee OPEB Payment Notional Account shall be
          established solely for tracking the amount payable by ACH for the OPEB
          expense for the Group I and II Employees who are Leased Employees
          under the terms of the Salaried Lease Agreement and determining the
          amount of cash payable to the VEBA pursuant to Subsection 3.03(b)(i)
          above, and not for purposes of establishing a separate trust or fund
          of any kind. This account shall be credited, beginning on the 2005
          Transaction Date with the portion of the monthly salaried lease fee,
          otherwise payable to Visteon, that is attributable to the OPEB expense
          for those Leased Employees, and shall also be credited with interest
          calculated quarterly at the annual rate of 4.75% on the balance, and
          shall be reduced by the amounts otherwise payable to Ford or its Plans
          on or after January 1, 2011 under Section 3.03 (a) or (b) of this
          Agreement until the account is exhausted. On or after January 1, 2006,
          the account also shall be reduced for the cumulative OPEB expense that
          was charged to Ford commencing October 1, 2005 through December 31,
          2005 for Group I and II Employees who are Leased Employees under the
          Visteon Salaried Employee Lease Agreement Rawsonville/ Sterling
          between Visteon and Ford dated as of October 1, 2005 in the event such
          employees transfer to Ford effective January 1, 2006 and become
          Rawsonville/Sterling Transferred Employees, and further, the account
          shall be reduced for any related interest that was credited to the
          account with respect to such OPEB expense.

     7. Except as otherwise specifically modified hereby, the Amended and
Restated Employee Transition Agreement shall remain in full force and effect.

                      [signatures appear on following page]

                                       4
<PAGE>
     IN WITNESS WHEREOF, the Parties hereto have duly executed this Amendment
Number Two to the Amended and Restated Employee Transition Agreement effective
as of October 1, 2005.

FORD MOTOR COMPANY                       VISTEON CORPORATION

By: /s/ Donat R. Leclair                 By: /s/ James F. Palmer
    ----------------------------------       -----------------------------------
Title: Executive Vice President and      Title: Executive Vice President and
       -------------------------------          --------------------------------
       Chief Financial Officer                  Chief Financial Officer
       -------------------------------          --------------------------------

                                       5

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