Document:

exv10wpw14

 

Exhibit 10-P-14

Performance-Based Restricted Stock Units (RSUs) Description

for [2007] Performance Period

Executive Compensation & Benefits

(Formerly referred to as Performance Stock Rights (PSRs))

Issued: March      , [2007]

What are Restricted Stock Units (RSUs)?

RSUs are phantom shares of Ford common stock that are paid out in actual shares following a
specified performance and/or restriction period. Performance-based RSUs give you the opportunity
to earn a number of RSUs (final award) over a specified performance period, based on the
achievement of certain performance objectives. Any RSUs awarded to you convert to bonafide shares
of Ford Common Stock after a specified, time-based restriction period.

Because RSUs are not “real” shares until the restriction period ends, you will not be eligible to
vote the shares, nor are the shares registered in your name.

RSUs are different from a stock option grant that gives you the right to purchase shares of Ford
stock at a specified price during a certain time period.

Who is eligible to receive Performance-Based RSUs and when are they awarded?

LL1 employees are eligible to be considered for performance-based RSU opportunity grants in March
of each year. The Company’s grant to an employee of a performance-based RSU is not an element of
the employee’s compensation. Any final award does not entitle an employee to any further grants in
the future and the Company does not guarantee that benefits under the 1998 Long-Term Incentive Plan
will have a particular value or be granted to the employee in the future.

How do performance-based RSUs work?

Performance-based RSUs have a one-year performance period after which a final award, if any, is
determined based on the Company’s performance on specific metrics applicable to the grant.

At the beginning of each performance period, management recommends a performance-based RSU
opportunity grant based on your expected future contributions to Ford’s success. The one-year
performance period begins in January of the year of the grant and ends in December of the year of
the grant. For example, the performance period for the March [2007] grant is from January [2007]
through December [2007].

Each metric is weighted toward the total final award determination. Metrics for the
performance-based RSUs covering the January [2007] — December [2007] performance period include
pre-tax profits (both total and business unit), total Automotive operating-related cash flow, business
unit cost performance, market share, and quality. The performance goals and weightings for each
metric are the same as those used under the Annual Incentive Compensation Plan for the applicable
performance period.

 

 

How are the final awards calculated?

Following the end of the one-year period, performance results are evaluated against the initial
objectives, and it is determined whether a final award will be made. Payouts can range from 0% to
100% of the initial target amount, depending on Company performance on the metrics. For [2007],
the goals for pre-tax profit and Automotive operating-related cash flow have a minimum threshold that must be
met in order to receive credit for that metric. For each of these metrics, the minimum threshold
is [80%] of the related objective.

Any final award is issued in the form of RSUs having a [one/two/three-year] restriction period and
will be determined by the Compensation Committee of the Board of Directors. An account showing the
RSU final award will be set up in your name. At the end of the restriction period, the RSUs are
converted to actual shares of Ford common stock, less shares withheld to cover any tax liability on
the value of the award. The shares carry all associated rights including voting rights and the
right to any dividend payments.

Performance-based RSUs are subject to the terms and conditions described herein and in the
Company’s 1998 Long-Term Incentive Plan.

Will I receive dividends or equivalents on my performance-based RSU grant?

Dividend equivalents will not be paid on your performance-based RSU grant either during the
performance period or during the restriction period. Dividends will begin after any RSU final
award converts to actual shares of Ford common stock, if the Company is paying dividends on common
stock.

What happens to my grant if I leave the Company during the one-year performance period or before
the [one/three-year] restriction is over?

If you leave the Company for reasons of voluntary quit, discharge, or release in the best interest
of the Company, your grant will be cancelled and you will forfeit the grant opportunity.

If your employment with the Company terminates before the one-year performance period is over for
any reason other than voluntary quit, discharge, or release in the best interest of the Company,
and your termination date is at least six months after the grant of your RSU opportunity, you will
be eligible to be considered for a pro-rated award, based on the number of full months worked
during the performance period. Final awards are determined at the discretion of the Compensation
Committee of the Board of Directors.

Are there any other conditions related to the RSU awards?

There are several other conditions that you should be aware of:

	1)	 	You must refrain from engaging in any activity that is directly or indirectly in competition
with any activity of the Company or any subsidiary thereof. In the event of non-fulfillment
of this condition, your rights in the RSU grant, including the right to have any final award
converted to real shares of Ford stock at the end of the applicable restriction period, will
be forfeited and cancelled.

	2)	 	Your rights in the RSUs, including the right to have any final award converted to real shares
of Ford Stock at the end of the applicable restriction period, will be forfeited and cancelled
if it is determined that you have acted in a manner inimical to the best interests of the
Company.

 

 

	3)	 	Your RSUs are subject to the terms and conditions described herein and in the Company’s 1998
Long-Term Incentive Plan.

* The FMV is the average of the high and low price of Ford Common Stock trading on the New York
Stock Exchange on the applicable date.exv10wpw15

 

Exhibit 10-P-15

Joe W. Laymon

Group Vice President

Corporate Human Resources

and Labor Affairs

March           , 2007

	 	 	 
	To:

	 	LL2 and Above Employees
	Subject:

	 	Final Award for the 2004-2006 Performance Stock Right Grant

The 2004-2006 performance period for the 2004 Performance Stock Right grants (sometimes
referred to as LTI grants) ended on December 31, 2006. The performance metrics for the 2004 grant
were Ford Motor Company’s total shareholder return (stock appreciation plus dividends) relative to
the S&P 500, Total Cost Performance, Global Market Share, High Time-in-Service Improvement and
Launch Metrics in the Period. Based on the performance-to-metrics, the Compensation Committee has
approved a final award of 39% of the initial grant.

In recognition of the Company’s accomplishments, as well as your personal contributions to our
collective efforts, you will receive a final award in Ford common stock (net after taxes) related
to your 2006 Performance Stock Right grant. Your final award, net of shares withheld to cover any
tax liability, was deposited into a book-entry account with Computershare Trust Company, N.A.
during March. Your award is made under the 1998 Long-Term Incentive Plan and is subject to its
provisions.

Thank you for your contribution to the achievement of our objectives during the 2004-2006
performance period.exv10wpw16

 

Exhibit 10-P-16

Time-Based Restricted Stock Units (RSUs) Description

For [2007] Annual Stock-Based Grants

Issued: March      , [2007]

What are Restricted Stock Units (RSUs)?

RSUs are phantom shares of Ford common stock that are paid out in actual shares following a
specified performance and/or restriction period. Time-based RSUs awarded to you convert to
bonafide shares of Ford Common Stock after a specified restriction period.

Because RSUs are not “real” shares until the restriction period ends, you will not be eligible to
vote the shares, nor are the shares registered in your name.

RSUs are different from a stock option grant that gives you the right to purchase shares of Ford
stock at a specified price during a certain time period.

Who is eligible to receive Time-Based RSUs and when are they awarded?

LL5+ employees are eligible to be considered for a time-based RSU grant in March of each year. The
Company’s grant to an employee of a time-based RSU is not an element of the employee’s
compensation. Any grant to an employee does not entitle an employee to any further grants in the
future and the Company does not guarantee that benefits under the 1998 Long-Term Incentive Plan
will have a particular value or be granted to the employee in the future.

How do time-based RSUs work? What happens when the restriction period lifts?

Time-based RSUs vest over a specified restriction period. [Grants awarded in [2007] vest over a
three year period. 33% of your grant will vest after one year; 33% after two years; and 34% after
three years.]

During the annual compensation planning process, management recommends a stock-based award having a
dollar value based on your Leadership Level and your expected future contributions to Ford’s
success. The number of RSUs granted to you is based on the Fair Market Value* (FMV) of
Ford Common Stock on the grant date. An account showing your RSU grant will be set up in your
name at [                              ].

At the end of the specified restriction period, the RSUs are converted to actual shares of Ford
common stock, less shares withheld to cover any tax liability on the value of the award. The
shares carry all associated rights including voting rights and the right to any dividend payments.

Will I receive dividends on my RSUs during the restriction period?

Dividend equivalents will not be paid on your RSU grant during the restriction period.
Dividends will begin after the RSU grant converts to actual shares of Ford common stock, if the
Company is paying dividends on common stock.

What about taxes?

RSUs are generally not recognized as taxable income at the time the RSU grant is made. As
soon as practicable after the restriction period ends, shares of Ford common stock will be issued
to you for this grant [less shares withheld to cover any tax liability on the value of the grant].

What happens to my grant if I leave the Company before the [one/two/three] year restriction is
over?

If you leave the Company for any reason other than death, disability or approved retirement before
the restriction period ends, or if your employment terminates for any reason prior to six months
following the grant date, your grant will automatically be forfeited.

Are there any other conditions related to the RSU awards?

There are several other conditions that you should be aware of:

 

 

	1)	 	You must refrain from engaging in any activity that is directly or indirectly in competition
with any activity of the Company or any subsidiary thereof. In the event of non-fulfillment
of this condition, your rights in the RSU grant, including the right to have the grant
converted to real shares of Ford stock at the end of the applicable restriction period, will
be forfeited and cancelled.

	2)	 	Your rights in the RSUs, including the right to have the grant converted to real shares of
Ford Stock at the end of the applicable restriction period, will be forfeited and cancelled if
it is determined that you have acted in a manner inimical to the best interests of the
Company.

	3)	 	Your RSUs are subject to the terms and conditions described herein and in the Company’s 1998
Long-Term Incentive Plan.

* The FMV is the average of the high and low price of Ford Common Stock trading on the New York
Stock Exchange on the applicable date.

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