Document:

exv10w28

Exhibit 10.28

ZILOG, INC.

2004 OMNIBUS STOCK INCENTIVE PLAN

NONQUALIFIED STOCK OPTION AGREEMENT

Option Agreement Summary. You have been granted a stock option award pursuant to the
Zilog, Inc. 2004 Omnibus Stock Incentive Plan. This cover page is a summary of certain terms of
your stock option. The full terms of your stock option are contained in the accompanying
agreement. If there is any discrepancy between this summary and the text of the stock option
agreement, the option agreement shall control.

	 	 	 	 	 

	Optionee:

	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Date of Grant:
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Option Exercise Price:
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Option Shares:
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Option Term:

	 	10 years from the Date of Grant	 	 
	 
	 	 	 	 
	Vesting and Exercisability:
	 	 	 	 
	 	 	 	 	 

     Options granted to employees or other Plan participants residing outside North America
may be subject to taxation or other local restrictions. Any obligations arising from such stock
option awards, exercises or sales of stock are the sole responsibility of the participant,
including but not limited to, obligations for remittance of appropriate local income taxes (see
Section 20 of the Option Agreement).

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          THIS AGREEMENT (the “Option Agreement”) is made and entered into as of                                         ,
2004 (the “Date of Grant”), by and between Zilog, Inc., a Delaware corporation (the “Company”), and
[                                        ] (the “Optionee”). Capitalized terms not defined herein shall have the
meaning given to them in the Company’s 2004 Omnibus Stock Incentive Plan (the “Plan”). Where the
context permits, references to the Company or any of its Subsidiaries or affiliates shall include
the successors to the foregoing.

          Pursuant to the Plan, the Administrator has determined that the Optionee is to be granted an
option (the “Option”) to purchase Shares, subject to the terms and conditions set forth in the Plan
and herein, and hereby grants such Option.

          This Option is intended to be a nonqualified stock option. The prospectus for the Plan
describes the differences between a nonqualified stock option and an incentive stock option.

          1. Number of Shares and Exercise Price. The Option entitles the Optionee to purchase
[                    ] Shares (the “Option Shares”) at a price of $[                    ] per share (the “Option Exercise
Price”).

          2. Option Term. The term of the Option and of the Option Agreement (the “Option
Term”) shall commence on the Date of Grant and, unless the Option is previously terminated pursuant
to Paragraph 5 below, shall terminate upon the expiration of ten (10) years from the Date of Grant
(the “Expiration Date”). As of the Expiration Date, all rights of the Optionee hereunder shall
terminate.

          3. Conditions of Exercise.

	 	(a)	 	Subject to Paragraph 5 below, the Option shall become vested and exercisable
as to                                         , provided that the Optionee has been continuously employed by
or providing services to the Company or any Subsidiary or affiliate through each such
date.
	 
	 	(b)	 	Except as otherwise provided herein, the right of the Optionee to purchase
Option Shares with respect to which the Option has become exercisable and vested may
be exercised in whole or in part at any time or from time to time prior to the
Expiration Date; provided, however, that the Option may not be exercised for a
fraction of a Share.

          4. Method of Exercise. This Option may be exercised, in whole or in part, by means of
a written notice of exercise to the Company in the form attached hereto as Exhibit A, or in
such other form as may be approved by the Administrator from time to time, accompanied by payment
in full of the aggregate Option Exercise Price which may be made (i) in cash or by check, (ii) to
the extent permitted by applicable law, by means of any cashless exercise or same day sale
procedure approved by the Administrator, (iii) in the form of unrestricted Shares already owned by
the Optionee for at least six months on the date of surrender to the extent the unrestricted Shares
have a Fair Market Value on

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the date of surrender equal to the aggregate Option Exercise Price of the Shares as to which
such Option shall be exercised, or (iv) any combination of the foregoing.

          5. Termination of Employment or Service;
Change in Control.

	 	(a)	 	If the Optionee’s employment with or service to the Company, or any
Subsidiary or affiliate thereof, terminates for any reason other than for Cause, the
Option, to the extent vested and exercisable as of the date of such termination, shall
expire 90 days following the date of such termination (180 days in case of termination
of employment or service due to death or Disability) and the Option, to the extent not
vested and exercisable as of the date of such termination, shall expire as of such
date. Notwithstanding the foregoing, if the Optionee’s employment with or service to
the Company, any Subsidiary or affiliate thereof terminates for Cause, the Option,
whether or not vested or exercisable, shall expire as of the date of such termination.
In no event shall the Option be exercisable after the Expiration Date.
	 
	 	(b)	 	Upon the occurrence of a Change in Control, any portion of the Option that is
outstanding at such time shall become fully and immediately vested and exercisable.

          6. Adjustments. The Option and all rights and obligations under this Option Agreement
are subject to Section 5 of the Plan.

          7. Nontransferability of Option. Except by will or under the laws of descent and
distribution and as set forth in the following two sentences, the Optionee may not sell, transfer,
pledge or assign the Option, and, during the lifetime of the Optionee, only the Optionee may
exercise the Option. Notwithstanding the foregoing, during the Optionee’s lifetime, the
Administrator may, in its sole discretion, permit the transfer, assignment or other encumbrance of
the Option. Additionally, subject to the approval of the Administrator and to any conditions that
the Administrator may prescribe, the Optionee may, upon providing written notice to the Company,
elect to transfer the Option (i) to members of his or her Immediate Family, provided that no such
transfer may be made in exchange for consideration, (ii) by instrument to an inter vivos or
testamentary trust in which the Option is to be passed to beneficiaries upon the death of the
Optionee, or (iii) pursuant to a qualified domestic relations order within the meaning of Section
414(p) of the Code or any similar instrument, to the extent permitted by applicable law. Any
attempted sale, transfer, pledge, assignment, encumbrance or other disposition of the Option
contrary to the provisions hereof shall be null and void and without effect.

          8. Notice. Whenever any notice is required or permitted hereunder, such notice shall
be in writing and shall be given by personal delivery, facsimile, first class mail, certified or
registered with return receipt requested. Any notice required or permitted to be delivered
hereunder shall be deemed to have been duly given on the date which it is personally delivered or,
whether actually received or not, on the third business

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day after mailing or 24 hours after transmission by facsimile to the respective parties named
below.

	 	 	 	 	 	 	 

	 

	 	If to the Company:
	 	Zilog, Inc.
	 	 
	 

	 	 	 	6800 Santa Teresa Blvd.	 	 
	 

	 	 	 	San Jose, CA 95119	 	 
	 

	 	 	 	Phone: (408) 513-1500	 	 
	 

	 	 	 	Fax: (408) 513-1600	 	 
	 

	 	 	 	Attn.: Corporate Controller	 	 
	 
	 	 	 	 	 	 
	 

	 	If to the Optionee:	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Facsimile:                                         	 	 

          Either party may change such party’s address for notices by duly giving notice pursuant
hereto.

          9. Withholding Requirements. Pursuant to Section 12 of the Plan, the Company (or
Subsidiary or affiliate, as the case may be) has the right to require the Optionee to remit to the
Company (or Subsidiary or affiliate, as the case may be) in cash an amount sufficient to satisfy
any federal, state and local tax withholding requirements related to the exercise of the Option.
With the approval of the Administrator, the Optionee may satisfy the foregoing requirement by
electing to have the Company withhold from delivery Shares or by delivering Shares, in each case,
having a value equal to the aggregate required minimum tax withholding to be collected by the
Company or any Subsidiary or affiliate thereof. Such Shares shall be valued at their Fair Market
Value on the date on which the amount of tax to be withheld is determined. Fractional share
amounts shall be settled in cash.

          10. Compliance with Laws.

          (a) Shares shall not be issued pursuant to the exercise of the Option granted hereunder
unless the exercise of such Option and the issuance and delivery of such Shares pursuant thereto
shall comply with all relevant provisions of law, including, without limitation, the Securities Act
of 1933, as amended, the Exchange Act, the Sarbanes-Oxley Act of 2002 and the requirements of any
stock exchange upon which the Shares may then be listed, and shall be further subject to the
approval of counsel for the Company with respect to such compliance. The Company shall be under no
obligation to effect the registration pursuant to the Securities Act of 1933, as amended, of any
interests in the Plan or any Shares to be issued hereunder or to effect similar compliance under
any state laws.

          (b) All certificates for Shares delivered under the Plan shall be subject to such
stock-transfer orders and other restrictions as the Administrator may deem advisable under the
rules, regulations, and other requirements of the Securities and Exchange

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Commission, any stock exchange upon which the Shares may then be listed, and any applicable
federal or state securities law, and the Administrator may cause a legend or legends to be placed
on any such certificates to make appropriate reference to such restrictions. The Administrator may
require, as a condition of the issuance and delivery of certificates evidencing Shares pursuant to
the terms hereof, that the recipient of such Shares make such agreements and representations as the
Administrator, in its sole discretion, deems necessary or desirable.

          11. Protections Against Violations of Agreement. No purported sale, assignment,
mortgage, hypothecation, transfer, pledge, encumbrance, gift, transfer in trust (voting or other)
or other disposition of, or creation of a security interest in or lien on, any of the Option Shares
by any holder thereof in violation of the provisions of this Option Agreement or the Articles of
Incorporation or the Bylaws of the Company, will be valid, and the Company will not transfer any of
such Option Shares on its books nor will any of such Option Shares be entitled to vote, nor will
any dividends be paid thereon, unless and until there has been full compliance with such provisions
to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu
of any other remedies, legal or equitable, available to enforce said provisions.

          12. Failure to Enforce Not a Waiver. The failure of the Company to enforce at any
time any provision of the Option Agreement shall in no way be construed to be a waiver of such
provision or of any other provision hereof.

          13. Governing Law. The Option Agreement shall be governed by and construed according
to the laws of the State of Delaware without regard to its principles of conflict of laws.

          14. Incorporation of the Plan. The Plan, as it exists on the date of the Option
Agreement and as amended from time to time, is hereby incorporated by reference and made a part
hereof, and the Option and this Option Agreement shall be subject to all terms and conditions of
the Plan. In the event of any conflict between the provisions of the Option Agreement and the
provisions of the Plan, the terms of the Plan shall control, except as expressly stated otherwise.
The term “Section” generally refers to provisions within the Plan; provided, however, the term
“Paragraph” shall refer to a provision of this Option Agreement.

          15. Amendments. This Option Agreement may be amended or modified at any time by an
instrument in writing signed by each of the parties hereto; provided, however, that any amendment
or modification that does not impair the rights of the Optionee may be effectuated by the
Administrator without the consent of the Optionee.

          16. Rights as a Shareholder. Neither the Optionee nor any of the Optionee’s
successors in interest shall have any rights as a shareholder of the Company with respect to any
Option Shares until the Optionee has given written notice of exercise, has paid in full for such
Shares, and has satisfied the requirements in Sections 12, 13(b) and 13(c) of the Plan.

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          17. Agreement Not a Contract of Employment. Neither the Plan, the granting of the
Option, the Option Agreement nor any other action taken pursuant to the Plan shall constitute or be
evidence of any agreement or understanding, express or implied, that the Optionee has a right to
continue to be employed by, or to provide services as a director, consultant or advisor to, the
Company, any Subsidiary or affiliate thereof for any period of time or at any specific rate of
compensation.

          18. Authority of the Administrator. The Administrator shall have full authority to
interpret and construe the terms of the Plan and the Option Agreement. The determination of the
Administrator as to any such matter of interpretation or construction shall be final, binding and
conclusive.

          19. Binding Effect. The Option Agreement shall apply to and bind the Optionee and the
Company and their respective permitted assignees or transferees, heirs, legatees, executors,
administrators and legal successors.

          20. Tax Representation. The Optionee has reviewed with his or her own tax advisors
the Federal, state, local and foreign tax consequences of the transactions contemplated by this
Option Agreement. The Optionee is relying solely on such advisors and not on any statement or
representations of the Company or any of its agents. The Optionee understands that he or she (and
not the Company) shall be responsible for any tax liability that may arise as a result of the
transactions contemplated by the Option Agreement.

          21. Acceptance. The Optionee hereby acknowledges receipt of a copy of the Plan and
this Option Agreement. Optionee has read and understands the terms and provisions thereof, and
accepts the Option subject to all the terms and conditions of the Plan and the Option Agreement.

[SIGNATURE PAGE FOLLOWS]

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     IN WITNESS WHEREOF, the parties hereto have executed and delivered the Option Agreement on the
day and year first above written.

	 	 	 	 	 

	 	 	ZILOG, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 	 	 	 	 
	 

	 	Name:	 	 
	 	 	 	 	 
	 

	 	Title:	 	 
	 	 	 	 	 
	 
	 	 	 	 
	 	 	OPTIONEE
	 
	 	 	 	 
	 	 	Signature:
	 	 	 	 	 
	 

	 	Name:	 	 
	 	 	 	 	 
	 	 	Address:
	 	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 	 	Telephone No.:
	 	 	 	 	 
	 	 	Social Security No.:
	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	NUMBER OF	 	OPTION	 	 
	DATE OF	 	SHARES SUBJECT	 	EXERCISE	 	EXPIRATION
	GRANT	 	TO OPTION	 	PRICE	 	DATEexv10w1

EXHIBIT 10.1

THE GOODYEAR TIRE & RUBBER COMPANY

EXECUTIVE SEVERANCE PLAN

     1. Establishment; Purpose; Duration.

          (a) Establishment. The Goodyear Tire & Rubber Company (the “Company”) hereby
establishes The Goodyear Tire & Rubber Company Executive Severance Plan (the “Plan”), as set forth
in this document.

          (b) Purpose. The Plan is designed to provide financial protection in the event of
unexpected job loss to certain employees of the Company and its Affiliates who are expected to make
substantial contributions to the success of the Company and thereby provide for stability and
continuity of management.

          (c) Duration. The Plan shall commence upon the Effective Date (as defined below) and
shall continue in effect through the third anniversary of the Effective Date (the “Term”). Unless
terminated prior to that date, the Term shall be automatically renewed for successive one-year
periods commencing on the third anniversary of the Effective Date, and on each anniversary date
thereafter. Notwithstanding the foregoing, the Committee reserves the right to terminate this Plan
by providing written notice to each Participant at least 90 days prior to the end of such initial
or extended Term that the Term will not be extended, and if such notice is timely given, the Plan
will terminate at the end of the Term then in effect. A proper termination of this Plan
automatically shall effect a termination of all the Participants’ rights and benefits hereunder
without further action or notice; provided, however, no termination shall reduce or terminate any
Participant’s right to receive, or continue to receive, any benefits that became payable in respect
of a termination of employment that occurred prior to the date of such termination of the Plan.
For purposes of this Plan, any reference to the “Term” of this Plan shall include the original term
and any extension thereof.

     2. Definitions. For purposes of the Plan, the following terms have the meanings set forth
below:

          “Accrued Rights” has the meaning given that term in Section 4(a) hereof.

          “Affiliate” means any company or other entity controlled by, controlling or under common
control with the Company.

          “Base Salary” means the Participant’s annual rate of base salary in effect as of the
Termination Date.

          “Cause” means (i) the continued failure by the Participant to substantially perform the
Participant’s duties with the Company or its Affiliates (other than any such failure resulting from
the Participant’s incapacity due to physical or mental illness), (ii) the engaging by the
Participant in conduct which is demonstrably injurious to the Company or its Affiliates, monetarily
or otherwise, (iii) the Participant committing any felony or any crime involving fraud, breach of
trust or misappropriation or (iv) any breach or violation of any agreement relating to the
Participant’s employment with the Company or its Affiliates where the Committee, in its sole

 

 

but reasonable discretion, determines that such breach or violation materially and adversely
affects the Company or any Affiliate.

          “Code” means the Internal Revenue Code of 1986, as amended.

          “Committee” means the Compensation Committee of the Board of Directors of the Company, or its
delegate.

          “Company” means The Goodyear Tire & Rubber Company and any successor to its business or
assets, by operation of law or otherwise.

          “Continuity Plan” means The Goodyear Tire & Rubber Company Continuity Plan for Salaried
Employees, as the same may be amended from time to time, and any successor plan thereto.

          “Disability” shall be defined by reference to the Company’s employee long-term disability plan
covering the Participant.

          “Effective Date” means June 8, 2010.

          “Eligible Employee” means an individual who is designated as such in accordance with Section
3(a).

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

          “Participant” means an Eligible Employee who meets the eligibility requirements and other
conditions of Section 3 hereof, until such time as the Eligible Employee’s participation ceases in
accordance with Section 3(c) hereof.

          “Participation Agreement” means an agreement between the Company and each Eligible Employee
that must be executed as a condition of becoming a Participant in this Plan, in the form attached
as Exhibit A to this Plan (or such other form as the Committee may require and provide for at the
time it designates an individual as an Eligible Employee).

          “Pro-Rated Annual Incentive” means the product of (i) the lesser of (A) the annual incentive
that would have been payable under the annual incentive plan covering the Participant for the
fiscal year during which the Termination Date occurs if the Participant had remained employed for
the entire year (and any additional period of time necessary to be eligible to receive such annual
incentive for such fiscal year), based on actual performance during the entire fiscal year and
without regard to any discretionary adjustments that have the effect of reducing the amount of the
annual incentive (other than discretionary adjustments applicable to all similarly-situated
executives who did not terminate employment) or (B) the Participant’s Target Annual Incentive, and
(ii) a fraction, the numerator of which is the number of days in the Company’s fiscal year through
(and including) the Participant’s Termination Date, and the denominator of which is 365.

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          “Release” means the Severance Agreement and Release in the form attached as Exhibit B to this
Plan (with such changes as the Company may determine to be required or reasonably advisable in
order to make the release enforceable and otherwise compliant with applicable law).

          “Release Deadline” means the 52nd day after the Participant’s Termination Date.

          “Section 409A” means Section 409A of the Code and any proposed, temporary or final
regulations, or any other guidance, promulgated with respect to such Section 409A by the U.S.
Department of Treasury or the Internal Revenue Service.

          “Section 409A Deadline” means, with respect to a Participant, the last day of the second
calendar year following the year in which the Participant’s Termination Date occurs.

          “Section 409A Limit” means the lesser of (i) $490,000 (or such other amount equal to two times
the applicable limit under Code Section 401(a)(17) for the year in which the Termination Date
occurs) or (ii) two times the Participant’s annualized compensation as defined in Treasury
Regulation Section 1.409A-1(b)(9)(iii)(A)(1) for the calendar year that precedes the year of the
Termination Date.

          “Separation from Service” means a Participant’s separation from service from the Company and
its Affiliates within the meaning of Section 409A.

          “Severance Multiple” means, with respect to a Participant, the severance multiple set forth in
his or her Participation Agreement.

          “Severance Payment” has the meaning given that term in Section 4(b)(iii) hereof.

          “SUCB Plan” means The Goodyear Tire & Rubber Company Supplemental Unemployment Compensation
Benefits Plan for Salaried Employees, as the same may be amended from time to time, and any
successor plan thereto.

          “Target Annual Incentive” means the Participant’s target annual incentive opportunity under
the annual incentive plan applicable to the Participant for the fiscal year which includes the
Termination Date, or, if no target has been set with respect to the Participant for such fiscal
year, the target annual incentive opportunity for the immediately preceding fiscal year (in either
case, based on the Participant’s target percentage of Base Salary established under the annual
incentive plan (or sub-plan thereof) applicable to the Participant).

          “Term” has the meaning given that term in Section 1(c) hereof.

          “Termination Date” means the date on which a Participant has a Separation from Service.

     3. Eligibility.

          (a) Eligible Employees. Eligibility to participate in the Plan shall be limited to
certain key executives of the Company and its Affiliates who (i) are not parties to individual

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employment agreements that provide for severance benefits, and (ii) are designated, by a duly
adopted resolution of the Committee, as Eligible Employees. The Committee shall limit the class of
persons selected to participate in the Plan to a “select group of management or highly compensated
employees,” within the meaning of Sections 201, 301 and 401 of ERISA. In lieu of expressly
designating Eligible Employees for Plan participation, the Committee may establish eligibility
criteria (consistent with the provisions of this Section 3(a)) providing for participation of all
Eligible Employees who satisfy such criteria.

          (b) Participation. As a condition to becoming a Participant and being entitled to the
benefits and protections provided under the Plan, each Eligible Employee must execute and deliver
to the Company, within 30 days after the later of the Effective Date and the date such individual
is designated by the Committee as an Eligible Employee, a Participation Agreement.

          (c) Duration of Participation. A Participant shall cease to be a Participant and shall
have no rights hereunder, without further action, when (i) he or she ceases to be an employee of
the Company or its Affiliates, unless such Participant is then entitled to a severance payment or
benefit as provided in Section 4 hereof, or (ii) the Plan terminates in accordance with Section
1(c) hereof with respect to that Participant prior to the Participant’s termination of employment.
A Participant entitled to a severance payment or benefit under Section 4 shall remain a Participant
in this Plan until the full amount of the severance payment has been paid, and other benefits under
the Plan have been fully provided, to the Participant.

          (d) Employment Rights. Participation in the Plan does not alter the status of a
Participant as an at-will employee, and nothing in the Plan will reduce or eliminate the right of
the Company and its Affiliates to terminate a Participant’s employment at any time for any reason
or the right of a Participant to resign at any time for any reason.

     4. Termination of Employment.

          (a) For Cause, Death or Disability; or Termination by a Participant. If, during the
Term, (x) a Participant shall terminate his or her employment with the Company and its Affiliates
for any reason, (y) the Company and its Affiliates shall terminate a Participant’s employment for
Cause or by reason of the Participant’s Disability, or (z) a Participant’s employment is terminated
by reason of the Participant’s death, then Participant will not be entitled to any compensation or
benefits under the Plan other than the sum of:

               (i) the portion of the Participant’s Base Salary earned through the Termination Date, to the
extent not theretofore paid;

               (ii) except in the event of a termination of a Participant’s employment for Cause or by a
Participant for any reason, the amount of any annual incentive compensation under the annual
incentive plan applicable to the Participant that has been earned by the Participant for a
completed fiscal year preceding the Termination Date, but has not yet been paid to the Participant;
and

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               (iii) any accrued paid vacation, sick leave, sabbatical, holiday and other paid-time off to
the extent not theretofore paid (the sum of the amounts described in clauses (i), (ii) and (iii)
shall be hereinafter referred to as the “Accrued Rights”).

The Accrued Rights will be paid to the Participant in a single lump sum within 30 calendar days
after the Participant’s Termination Date, or as otherwise may be provided in a valid deferral
election made pursuant to the terms of the Company’s deferred compensation plan.

          (b) Other than for Cause, Death or Disability. If, during the Term, the Company and
its Affiliates shall terminate any Participant’s employment other than for Cause, death or
Disability, then such Participant will be entitled to receive the payments and benefits as provided
below:

               (i) Accrued Rights. The Accrued Rights, payable in a single lump sum within 30
calendar days after the Participant’s Termination Date, or as otherwise may be provided in a valid
deferral election made pursuant to the terms of the Company’s deferred compensation plan.

               (ii) Pro-Rated Annual Incentive. A lump sum payment equal to the Pro-Rated Annual
Incentive. Subject to Section 5 hereof, such payment shall be made at the same time that payments
are made to other participants pursuant to the terms of the annual incentive plan for that fiscal
year, or as otherwise may be provided in a valid deferral election made pursuant to the terms of
the Company’s deferred compensation plan, and shall be in lieu of any annual incentive that the
Participant would have otherwise been entitled to receive under the terms of the annual incentive
plan covering the Participant for the fiscal year during which the Termination Date occurs.

               (iii) Severance Payment. As additional severance (and not in lieu of any annual
incentive for the fiscal year in which the Termination Date occurs), and subject to Section 5
hereof, a severance payment equal to the product of (A) the sum of the Participant’s Base Salary
and Target Annual Incentive, and (B) the Participant’s Severance Multiple (the “Severance
Payment”). Except as otherwise provided in this Section 4(b)(iii), the Severance Payment shall be
payable in equal monthly installments for a number of months equal to the product of (x) 12 and (y)
the Participant’s Severance Multiple, with the first installment commencing within 20 calendar days
after the Release described in Section 5 becomes effective and irrevocable in accordance with its
terms. Notwithstanding the foregoing, in no event shall any portion of a Participant’s Severance
Payment be paid later than the Section 409A Deadline, and the last installment of the Severance
Payment payable on or prior to the Section 409A Deadline shall include any remaining balance of the
Severance Payment not previously paid to the Participant. Moreover, if the Severance Payment
exceeds an amount equal to the Section 409A Limit, then notwithstanding the foregoing, an amount
equal to the excess of the Severance Payment over the Section 409A Limit shall be paid in a single
lump sum payment within 20 calendar days after the Release described in Section 5 becomes effective
and irrevocable in accordance with its terms. Notwithstanding the foregoing, any Severance Payment
payable to a Participant described in Section 2.01(s)(2) of the Continuity Plan (or any successor
provision thereto) shall be paid in a single lump sum payment within 20 calendar days after the
Release Deadline, or on such later date as required by Section 19(a).

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               (iv) Health Care Coverage. Subject to Section 5 hereof, the Participant, and the
Participant’s eligible dependents, shall be entitled to continue to participate in the Company’s
medical, dental and vision plans for which the Participant was eligible immediately prior to the
Participant’s Termination Date, for a number of years equal to the Severance Multiple (or, if
earlier, until the Participant becomes eligible for any such coverage under a plan maintained by
another employer or his or her spouse’s employer) (the “Benefit Continuation Period”). The
Participant’s continued participation in the Company’s medical, dental and vision plans shall be on
terms not less favorable than those in effect for actively employed key employees of the Company
but only if the Participant makes a payment to the Company in an amount equal to the monthly
premium payments (both the employee and employer portion) required to maintain such coverage on the
first day of each calendar month during the Benefit Continuation Period commencing with the first
calendar month following the Termination Date. Subject to Section 19, the Company shall reimburse
the Participant (less applicable tax withholdings) for the amount of such premiums paid by the
Participant pursuant to the preceding sentence, if any, in excess of any employee contributions
(access fees) necessary to maintain such coverage during the Benefit Continuation Period, and such
reimbursements shall be paid to the Participant on the 15th day of each calendar month during the
Benefit Continuation Period commencing with the calendar month in which the Participant’s first
premium payment is due pursuant to the preceding sentence or, if later, the calendar month
following the calendar month in which the release provided for in Section 5 becomes effective and
irrevocable in accordance with its terms. Each reimbursement payment shall be considered a separate
payment for purposes of Section 409A. The Benefit Continuation Period shall run concurrently with
(and shall count against) the Company’s obligation to provide continuation coverage pursuant to the
Consolidated Omnibus Budget Reconciliation Act (“COBRA”).

               (v) Outplacement. Subject to Section 5 hereof, the Company shall, at its sole expense
as incurred, provide the Participant with outplacement services from a recognized outplacement
service provider, the scope of which shall be selected by the Participant in his sole discretion;
provided that (i) the cost to the Company shall not exceed $25,000, and (ii) in no event shall the
outplacement services be provided beyond the end of the second calendar year after the calendar
year in which the Termination Date occurs.

     5. Release. Any compensation and benefits to be provided under Sections 4(b)(ii), 4(b)(iii),
4(b)(iv), and 4(b)(v) hereof shall be provided only if the Participant timely executes and does not
timely revoke a Release. The Release must be signed by the Participant or his legal representative,
if applicable, and become effective and irrevocable in accordance with its terms (taking into
account any applicable revocation period set forth therein), no later than the Release Deadline.
If the Participant fails to execute and furnish the Release, or if the Release furnished by the
Participant has not become effective and irrevocable in accordance with its terms (taking into
account any applicable revocation period set forth therein) by the Release Deadline, the
Participant will not be entitled to any payment or benefit under the Plan other than the Accrued
Rights. The Company’s payment obligations and the Participant’s right, if any, to severance
benefits under Sections 4(b)(ii), 4(b)(iii), 4(b)(iv), and 4(b)(v) hereof shall cease in the event
of a material breach by the Participant of any provision of the Release (and, in only those cases
where such material breach is curable, the failure to cure such material breach within 10 business
days after written notice to the Participant, which notice details, with reasonable specificity,
such

6

 

material breach; provided, however, that this notice and cure period shall not apply to a
material breach of Paragraphs 9 or 10 of the Release). Any such cessation of payment shall not
reduce any monetary damages that may be available to the Company as a result of such breach.

     6. No Mitigation. In no event shall the Participant be obligated to seek other employment or
take any other action by way of mitigation of the amounts payable to the Participant under any of
the provisions of this Plan and such amounts shall not be reduced whether or not the Participant
obtains other employment.

     7. Effect on Other Plans, Agreements and Benefits. Except to the extent expressly set forth
herein, any benefit or compensation to which a Participant is entitled under any agreement between
the Participant and the Company or any of its Affiliates or under any plan maintained by the
Company or any of its Affiliates in which the Participant participates or participated shall not be
modified or lessened in any way, but shall be payable or provided according to the terms of the
applicable plan or agreement. Notwithstanding the foregoing, and except as specifically provided
below, any benefits received by a Participant pursuant to this Plan shall be in lieu of any general
severance policy or other severance plan maintained by the Company or its Affiliates, including the
SUCB Plan, an employment agreement, collective bargaining agreement, works council agreement or any
non-U.S. law under which a Participant is entitled to severance benefits (other than a stock
option, restricted stock, share or unit, performance share or unit, supplemental retirement,
deferred compensation or similar plan or agreement which may contain provisions operative on a
termination of the Participant’s employment or may incidentally refer to accelerated vesting or
accelerated payment upon a termination of employment); provided, however, that if a Participant
incurs a Separation from Service for which the Participant becomes entitled to, and receives,
severance benefits pursuant to the Continuity Plan, then the Participant shall not be entitled to
any payments or benefits under the Plan as a result of such Separation from Service. Any economic
or other benefit to a Participant under this Plan, other than the Accrued Rights, will not be taken
into account in determining any benefits to which the Participant may be entitled under any
profit-sharing, retirement or other benefit or compensation plan maintained by the Company and its
Affiliates, unless provided otherwise in any such plan.

     8. Administration. The Committee shall administer the Plan and shall have full and final
authority in its discretion to take all actions determined by the Committee to be necessary in the
administration of the Plan. The Committee may delegate, subject to such terms as the Committee
shall determine, any of its authority hereunder to such person or persons from time to time as it
may designate. In the event of such delegation, all references to the Committee in this Plan shall
be deemed references to such delegates as it relates to those aspects of the Plan that have been
delegated.

     9. Claims for Benefits.

          (a) Filing a Claim. Any Participant who wishes to file a claim for benefits under the
Plan shall file his or her claim in writing with the Committee.

          (b) Review of a Claim. The Committee shall, within 90 days after receipt of such
written claim (unless special circumstances require an extension of time, but in no event

7

 

more than 180 days after such receipt), send a written notification to the Participant as to
its disposition. If the claim is wholly or partially denied, such written notification shall (i)
state the specific reason or reasons for the denial, (ii) make specific reference to pertinent Plan
provisions on which the denial is based, (iii) provide a description of any additional material or
information necessary for the Participant to perfect the claim and an explanation of why such
material or information is necessary, and (iv) set forth the procedure by which the Participant may
appeal the denial of his or her claim, including, without limitation, a statement of the claimant’s
right to bring an action under Section
502(a) of ERISA following an adverse determination on
appeal.

          (c) Appeal of a Denied Claim. If a Participant wishes to appeal the denial of his or
her claim, he or she must request a review of such denial by making application in writing to the
Committee within 60 days after receipt of such denial. Such Participant (or his or her duly
authorized legal representative) may, upon written request to the Committee, review any documents
pertinent to his or her claim, and submit in writing, issues and comments in support of his or her
position. A Participant who fails to file an appeal within the 60-day period set forth in this
Section 9(c) shall be prohibited from doing so at a later date or from bringing an action under
ERISA.

          (d) Review of a Claim on Appeal. Within 60 days after receipt of a written appeal
(unless the Committee determines that special circumstances, such as the need to hold a hearing,
require an extension of time, but in no event more than 120 days after such receipt), the Committee
shall notify the Participant of the final decision. The final decision shall be in writing and
shall include (i) specific reasons for the decision, written in a manner calculated to be
understood by the claimant, (ii) specific references to the pertinent Plan provisions on which the
decision is based, (iii) a statement that the claimant is entitled to receive, upon request and
free of charge, reasonable access to, and copies of, all documents relevant to the claim for
benefits, and (iv) a statement describing the claimant’s right to bring an action under Section
502(a) of ERISA.

     10. Participants Deemed to Accept Plan. By accepting any payment or benefit under the Plan,
each Participant and each person claiming under or through any such Participant shall be
conclusively deemed to have indicated his acceptance and ratification of, and consent to, all of
the terms and conditions of the Plan and any action taken under the Plan by the Committee or the
Company or its Affiliates, in any case in accordance with the terms and conditions of the Plan.

     11. Successors.

          (a) Company Successors. This Plan shall bind any successor of the Company, its assets
or its businesses (whether direct or indirect, by purchase, merger, consolidation or otherwise), in
the same manner and to the same extent that the Company would be obligated under this Plan if no
succession had taken place. In the case of any transaction in which a successor would not by the
foregoing provision or by operation of law be bound by this Plan, the Company shall require such
successor expressly and unconditionally to assume and agree to perform the Company’s obligations
under this Plan, in the same manner and to the same extent that the Company would be required to
perform if no such succession had taken place. The term “Company,” as used in this Plan, shall mean
the Company as heretofore defined and any

8

 

successor or assignee to the business or assets which by reason hereof becomes bound by this Plan.

          (b) Participant Successors. This Plan shall inure to the benefit of and be
enforceable by the Participant’s personal or legal representatives, executors, administrators,
successors, heirs, distributees and/or legatees. The rights under this Plan are personal in nature
and neither the Company nor any Participant shall, without the consent of the other, assign,
transfer or delegate any rights or obligations hereunder except as expressly provided in this
Section 11. Without limiting the generality of the foregoing, the Participant’s right to receive
any benefits hereunder shall not be assignable, transferable or delegable, whether by pledge,
creation of a security interest or otherwise, other than by a transfer by his or her will or by the
laws of descent and distribution and, in the event of any attempted assignment or transfer contrary
to this Section 11(b), the Company shall have no liability to pay any amount so attempted to be
assigned, transferred or delegated.

     12. Unfunded Plan Status. All payments pursuant to the Plan shall be made from the general
funds of the Company and no special or separate fund shall be established or other segregation of
assets made to assure payment. No Participant or other person shall have under any circumstances
any interest in any particular property or assets of the Company as a result of participating in
the Plan.

     13. Withholding. The Company shall have the right to deduct and withhold from any amounts
payable under the Plan such federal, state, local, foreign or other taxes as are required to be
withheld pursuant to any applicable law or regulation.

     14. Notice. For the purpose of this Plan, notices and all other communications provided for
in this Plan shall be in writing and shall be deemed to have been duly given when actually
delivered or mailed by United States registered mail, return receipt requested, postage prepaid,
addressed to the Secretary at the Company’s corporate headquarters address, and to the Participant
(at the last address of the Participant on the Company’s books and records).

     15. Amendment. The Committee expressly reserves the right, at any time and from time to time,
to amend the Plan or any Participation Agreement in whole or in part in any way it determines to be
advisable; provided that no such amendment shall materially and adversely affect the rights of any
Participant (or former Participant) under the Plan or Participation Agreement, as applicable,
without that Participant’s (or former Participant’s, as the case may be) consent.

     16. Governing Law. Except to the extent preempted by federal law, the provisions of the Plan
shall be governed and construed in accordance with the laws of the State of Ohio.

     17. Validity and Severability. The invalidity or unenforceability of any provision of the Plan
shall not affect the validity or enforceability of any other provision of the Plan, which shall
remain in full force and effect, and any prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

9

 

     18. Headings; Interpretation. Headings in this Plan are inserted for convenience of reference
only and are not to be considered in the construction of the provisions hereof. Unless the context
clearly requires otherwise, the masculine pronoun wherever used herein shall be construed to
include the feminine pronoun.

     19. Section 409A.

          (a) It is intended that the payments and benefits provided under Section 4 (other than any
payments provided under Section 4(b)(iii) to a Participant described in Section 2.01(s)(2) of the
Continuity Plan, and certain benefits provided under Section 4(b)(iv)) of this Plan shall be exempt
from the application of the requirements of Section 409A. This Plan shall be construed,
administered and governed in a manner that effects such intent, and the Committee shall not take
any action that would be inconsistent with such intent. Specifically, any taxable benefits or
payments provided under this Plan are intended to be separate payments that qualify for the
“short-term deferral” exception to Section 409A to the maximum extent possible, and to the extent
they do not so qualify, are intended to qualify for the separation pay exceptions to Section 409A,
to the maximum extent possible. To the extent that none of these exceptions (or any other available
exception) applies, then notwithstanding anything contained herein to the contrary, and to the
extent required to comply with Section 409A, if a Participant is a “specified employee,” as
determined under the Company’s policy for identifying specified employees on his or her Termination
Date, then all amounts due under this Plan that constitute a “deferral of compensation” within the
meaning of Section 409A, that are provided as a result of a Separation from Service within the
meaning of Section 409A, and that would otherwise be paid or provided during the first six months
following the Termination Date, shall be accumulated through and paid or provided (together with
interest at the applicable federal rate under Section 7872(f)(2)(A) of the Code in effect on the
Termination Date) on the first business day that is more than six months after the date of the
Termination Date (or, if the Participant dies during such six-month period, within 90 days after
the Participant’s death).

          (b) With regard to any provision herein that provides for reimbursement of costs and expenses
or in-kind benefits, except as permitted by Section 409A: (i) the right to reimbursement or in-kind
benefits shall not be subject to liquidation or exchange for another benefit; (ii) the amount of
expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall
not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any
other taxable year; and (iii) such payments shall be made on or before the last day of the
Participant’s taxable year following the taxable year in which the expense occurred, or such
earlier date as required hereunder.

          (c) The payments and benefits provided under this Plan may not be deferred, accelerated,
extended, paid out or modified in a manner that would result in the imposition of an additional tax
under Section 409A upon Participants. Although the Company will use its best efforts to avoid the
imposition of taxation, interest and penalties under Section 409A, the tax treatment of the
benefits provided under this Plan is not warranted or guaranteed. Neither the Company, its
Affiliates nor their respective directors, officers, employees or advisers shall be held liable for
any taxes, interest, penalties or other monetary amounts owed by a Participant (or any other
individual claiming a benefit through the Participant) as a result of this Plan.

10

 

[END OF DOCUMENT]

11

 

EXHIBIT A

FORM OF PARTICIPATION AGREEMENT

[Date]

[Address]

[Address]

[Address]

Dear                     :

You have been selected to participate in The Goodyear Tire & Rubber Company Executive Severance
Plan (the “Plan”), subject to your execution and return of this letter agreement (this
“Participation Agreement”) to The Goodyear Tire & Rubber Company (the “Company”). In order to
participate in the Plan, you must first read and sign this Participation Agreement.

You shall become a Participant in the Plan and be entitled to all of the rights and benefits of the
Plan as of the date of this Participation Agreement. For purposes of calculating any severance
payments or benefits you may become entitled to under Section 4 of the Plan, your “Severance
Multiple” (as defined in the Plan) is                      .

By signing this Participation Agreement:

	 	•	 	You acknowledge that have received a copy of the Plan and the Severance Agreement and
Release attached to the Plan as Exhibit B (the “Release”) and that you have read and
understand the terms of the following provisions of the Release: Section 5 (Covenant Not to
Sue), Section 6 (Return of Property; Confidentiality; Inventions), Section 7
(Non-Disparagement), Section 8 (Cooperation with Employer), Section 9 (Non-Solicitation)
and Section 10 (Non-Competition) (collectively, the “Restrictive Covenants”);
	 
	 	•	 	You understand that, as a condition to receiving severance payments and benefits under
the Plan, that you must sign the Release, and that you agree to be bound by and comply with
the terms and conditions of the Restrictive Covenants.
	 
	 	•	 	You agree that, for purposes of applying the Restrictive Covenants, the “Restriction
Period” is the period commencing with the Severance Date (as defined in the Release) and
ending on the            anniversary of the Severance Date.
	 
	 	•	 	You acknowledge that the Restrictive Covenants are reasonable in the scope of the
activities restricted, the geographic area covered by the restrictions, the duration of the
restrictions, and that the Restrictive Covenants are reasonably necessary to protect the
Company’s legitimate interests in its confidential information and its relationships with
its employees.
	 
	 	•	 	You acknowledge that the Restrictive Covenants will not deprive you of the ability to
earn a livelihood or to support your dependents.

12

 

The Plan and the Release are incorporated into (made a part of) this Participation Agreement by
this reference. You acknowledge and agree that the Company has not made any promises or
representations to you concerning the Plan other than as set forth in the Plan, the Release and
this Participation Agreement.

Note that the agreements you make by executing this Participation Agreement will be enforceable
against you, regardless of whether or not your employment terminates in circumstances that entitle
you to severance benefits under the Plan. Nevertheless, you agree that your participation in the
Plan (even if you never become entitled to severance benefits pursuant to the Plan), as well as
your continued employment by the Company and its affiliates, each in and of itself and without the
other constitutes good and adequate consideration for the agreements you make in this Participation
Agreement.

Please note that you are not required to participate in the Plan, and you may decline participation
in the Plan by not returning this Participation Agreement. If you want to accept participation in
the Plan, you must execute this Participation Agreement and see that it is returned in person or
via facsimile to the Company’s [ ] at ( ) — so that it is received no later than [ ].

This Participation Agreement may be executed in separate counterparts, each of which is deemed to
be an original and all of which taken together constitute one and the same agreement.

	 	 	 	 	 	 	 	 	 	 	 

	THE GOODYEAR TIRE & RUBBER COMPANY	 	ACCEPTED AND AGREED BY PARTICIPANT
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 
	 	Signed:
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 
	 	 
	 	Dated:
	 	 	 	 

13

 

EXHIBIT B

FORM OF

SEVERANCE AGREEMENT AND RELEASE

     This SEVERANCE AGREEMENT AND RELEASE (this “Agreement”) is made as of [___], 20[___] (the
“Effective Date”), by and between The Goodyear Tire & Rubber Company, with its principal place of
business at 1144 East Market Street, Akron, Ohio 44316-0001 (which together with its affiliates and
subsidiaries, if any, will hereinafter collectively be called “Employer”) and [___], an individual
residing at [___] (“Employee”).

     WHEREAS, The Goodyear Tire & Rubber Company Executive Severance Plan (as such plan may be
amended from time to time, the “Plan”) sets forth certain rights, benefits and obligations of the
parties arising out of Employee’s employment by Employer and the severance of such employment; and

     WHEREAS, Employee recognizes that this Agreement will automatically be revoked and Employee
shall forfeit any benefit to which he may be entitled under the Plan unless Employee submits an
executed copy of this Agreement to the Employer on or before the deadline set forth in Section 18
hereof.

     NOW, THEREFORE, in consideration of the mutual promises and covenants set forth below, and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
Employer and Employee agree as follows:

     1. Termination of Employment Relationship. The relationship between Employee and Employer
shall terminate as of ___ (the “Severance Date”).

     2. Employee Severance. In consideration of Employee’s undertakings set forth in this
Agreement, Employer will pay Employee $[___] in accordance with the terms of the Plan, plus such
other benefits as are provided under the terms of the Plan. Such payment and benefits will be less
all applicable deductions (including, without limitation, any federal, state or local tax
withholdings). Such payment and benefits are contingent upon the execution of this Agreement by
Employee and Employee’s compliance with all terms and conditions of this Agreement and the Plan.
Employee agrees that if this Agreement does not become effective, Employer shall not be required to
make any further payments or provide any further benefits to Employee pursuant to this Agreement or
the Plan and shall be entitled to recover all payments and be reimbursed for all benefits already
made or provided by it (including interest thereon).

     3. Release of Employer. In consideration of the obligations of Employer described in Paragraph
2 above, Employee hereby completely releases and forever discharges Employer, its related
corporations, divisions and entities, and its and each of their officers, directors, employees and
agents (collectively referred to as the “Releasees”) from all claims, rights, demands, actions,
liabilities and causes of action of any kind whatsoever, known and unknown, which Employee may have
or have ever had against the Releasees (“claims”) including without limitation all claims arising
from or connected with Employee’s employment by the Employer,

14

 

whether based in tort or contract (express or implied) or on federal, state or local law or
regulation. Notwithstanding anything to the contrary, the parties acknowledge and agree that this
Agreement shall not apply to the Employee’s rights under any tax-qualified retirement plan or
claims for accrued vested benefits or rights under any other employee benefit or welfare plan,
policy or arrangement (whether tax-qualified or not) maintained by the Employer. Employee has been
advised that Employee’s release does not apply to any rights or claims that may arise after the
Effective Date. This Agreement shall not affect Employee’s rights under the Older Workers Benefit
Protection Act to have a judicial determination of the validity of the release contained herein.

     4. Acknowledgment. Employee understands and agrees that this is a final release and that
Employee is waiving all rights now or in the future to pursue any remedies available under any
employment related cause of action against the Releasees, including without limitation claims of
wrongful discharge, emotional distress, defamation, harassment, discrimination, retaliation, breach
of contract or covenant of good faith and fair dealing, claims under Title VII of the Civil Rights
Act of 1964, as amended, the Equal Pay Act of 1963, the Civil Rights Act of 1866, as amended, the
Americans with Disabilities Act, the Age Discrimination in Employment Act (the “ADEA”), the Family
and Medical Leave Act, the Employee Retirement Income Security Act, and any other laws and
regulations relating to employment. [Additional provisions may apply to California Employees]

     5. Covenant Not to Sue. Employee represents that Employee has not filed or commenced any
proceeding against the Releasees and agrees that at no time in the future will Employee file or
maintain any charge, claim or action of any kind, nature and character whatsoever against the
Releasees, or cause or knowingly permit any such charge, claim or action to be filed or maintained,
in any federal, state or municipal court, administrative agency or other tribunal, arising out of
any of the matters covered by Paragraph 3 above, except as to the ADEA. If Employee initiates any
lawsuit or other legal proceeding in contravention of this covenant not to sue, except as to ADEA
claims, Employee shall be required to immediately repay to Employer the full consideration paid to
Employee pursuant to Paragraph 2 above, regardless of the outcome of Employee’s legal action.

     6. Return of Property; Confidentiality; Inventions.

          (a) Employee represents that Employee does not have in Employee’s possession any records,
documents, specifications, or any confidential material or any equipment or other property of
Employer.

          (b) Employee understands and acknowledges that all Proprietary Information (as defined below)
is the sole property of Employer and its assigns. Employee hereby assigns to Employer any rights
Employee may have in all Proprietary Information. At all times, Employee shall keep in confidence
and trust all Proprietary Information, and Employee will not use or disclose any Proprietary
Information or anything relating to it without the prior written consent of Employer. Employee
represents that Employee has delivered to Employer all materials, documents and data of any nature
containing or pertaining to any Proprietary Information and has not taken and will not take with
Employee any such materials, documents or data or any reproduction thereof. “Proprietary
Information” means any information of a confidential or secret

15

 

nature that may have been learned or developed by Employee during the period of Employee’s
employment by Employer and which (i) relates to the business of Employer or to the business of any
customer or supplier of Employer, or (ii) has been created, discovered or developed by, or has
otherwise become known to, Employer and has commercial value in the business in which Employer is
engaged. By way of illustration, but not limitation, Proprietary Information includes trade
secrets, processes, formulas, computer programs, data, know-how, inventions, improvements,
techniques, marketing plans, product plans, strategies, forecasts, personnel information and
customer lists.

          (c) Employee represents that Employee has disclosed or will disclose in confidence to
Employer, or any persons designated by it, all Inventions (as defined below) that have been made or
conceived or first reduced to practice by Employee during Employee’s employment with Employer (or
thereafter if Invention uses Proprietary Information of Employer). All such Inventions are the sole
and exclusive property of Employer and its assigns, and Employer and its assigns shall have the
right to use and/or to apply for patents, copyrights or other statutory or common law protections
for such Inventions in any and all countries. Employee agrees to assist Employer in every proper
way (but at Employer’s expense) to obtain and from time to time enforce patents, copyrights and
other statutory or common law protections for such Inventions in any and all countries. To that
end, Employee has executed or will execute all documents for use in applying for and obtaining such
patents, copyrights and other statutory or common law protections therefor and enforcing same, as
Employer may desire, together with any assignments thereof to Employer or to persons designated by
Employer. Employer shall compensate Employee at a reasonable rate for any time after the Severance
Date actually spent by Employee at Employer’s request on such assistance. “Inventions” means all
inventions, improvements, original works or authorship, formulas, processes, computer programs,
techniques, know-how and data, whether or not patentable or copyrightable, made or conceived or
first reduced to practice or learned by Employee in the course of Employee’s employment.

     7. Non-Disparagement. Without limiting the foregoing, Employee agrees that Employee will not
make statements or representations to any other person, entity or firm which may cast Employer, or
its directors, officers, agents or employees, in an unfavorable light, which are offensive, or
which could adversely affect Employer’s name or reputation or the name or reputation of any
director, officer, agent or employee of Employer.

     8. Cooperation with Employer. Employee agrees that Employee will cooperate with Employer, its
agents, and its attorneys with respect to any matters in which Employee was involved during
Employee’s employment with Employer or about which Employee has information, will provide upon
request from Employer all such information or information about any such matter, and will be
available to assist with any litigation or potential litigation relating to Employee’s actions as
an employee of Employer.

     9. Non-Solicitation. During the Restriction Period (as defined in the Participant’s
Participation Agreement), Employee agrees not to recruit, solicit or induce, or attempt to induce,
any employee or employees of Employer to terminate their employment with, or otherwise cease their
relationship with, Employer; provided, however, that the foregoing clause shall not prohibit (i)
any general advertisement or solicitation by Employee, unless such advertisement or solicitation is
designed to target, or has the effect of targeting, any employee or employees of

16

 

Employer, or (ii) Employee from hiring any individual who responds to such general advertisement or
solicitation.

     10. Non-Competition. During the Restriction Period (as defined in the Participant’s
Participation Agreement), Employee shall not, without the prior written consent of Employer: (a)
personally engage in Competitive Activities (as defined below) in the Region (as defined below) or
(b) work for, own, manage, operate, control, or participate in the ownership, management,
operation, or control of, or provide consulting or advisory services to, any individual,
partnership, firm, corporation, institution or other entity engaged in Competitive Activities in
the Region, or any entity or person affiliated with such person or entity engaged in Competitive
Activities in the Region; provided that Employee’s purchase or holding, for investment purposes, of
securities of a publicly-traded company shall not constitute “ownership” or “participation in
ownership” for purposes of this Paragraph 10 so long as Employee’s equity interest in any such
company is less than five percent. “Competitive Activities” means the development, manufacture,
distribution and sale of tires and related products and services for automobiles, trucks, buses,
aviation, motorcycles, farm implements, earthmoving and mining equipment, and industrial equipment.
The “Region” means anywhere in the world that the Employer engages in the manufacture, distribution
or sale of any of the Employer’s products. Notwithstanding the foregoing, Employee will not be in
breach of this Paragraph 10 so long as the Competitive Activities of the entity or person for which
Employee provides (or would provide) services or in which Employee holds (or would hold) an
ownership interest (regardless of whether Employee is acting in the role of an employee, director,
consultant or owner) produce less than 10% of such entity’s or person’s total revenues.

     11. No Assignment By Employee. This Agreement, and any of the rights hereunder, may not be
assigned or otherwise transferred, in whole or in part by Employee.

     12. Arbitration. Any and all controversies arising out of or relating to the validity,
interpretation, enforceability, or performance of this Agreement will be solely and finally settled
by means of binding arbitration. Any arbitration shall be conducted in accordance with the
then-current Employment Dispute Resolution Rules of the American Arbitration Association. The
arbitration will be final, conclusive and binding upon the parties. All arbitrator’s fees and
related expenses shall be divided equally between the parties. Further, each party shall bear its
own attorney’s fees and costs incurred in connection with the arbitration.

     13. Equitable Relief. Each party acknowledges and agrees that a breach of any term or
condition of this Agreement may cause the non-breaching party irreparable harm for which its
remedies at law may be inadequate. Each party hereby agrees that the nonbreaching party will be
entitled, in addition to any other remedies available to it at law or in equity, to seek injunctive
relief to prevent the breach or threatened breach of the other party’s obligations hereunder.
Notwithstanding Paragraph 12, above, the parties may seek injunctive relief through a civil court
rather than through private arbitration if necessary to prevent irreparable harm.

     14. No Admission. The execution of this Agreement and the performance of its terms shall in no
way be construed as an admission of guilt or liability by either Employee or Employer. Both parties
expressly disclaim any liability for claims by the other.

17

 

     15. Consultation With Counsel and Time to Consider. Employee has been advised to consult an
attorney before signing this Agreement. Employee acknowledges that Employee has been given the
opportunity to consult counsel of Employee’s choice before signing this Agreement, and that
Employee is fully aware of the contents and legal effect of this Agreement. Employee acknowledges
that Employer has provided Employee with the disclosure required by Section 7(f)(1)(H) of the Older
Workers Benefit Protection Act, if applicable. Employee has been given [21/45] days to consider
this Agreement.

     16. Right to Revoke.

          (a) Employee and Employer have seven days from the date Employee signs this Agreement to
revoke it in a writing delivered to the other Party. After that seven-day period has elapsed, this
Agreement is final and binding on both Parties.

          (b) Employee acknowledges and understands that if Employee fails to provide the Employer with
an executed copy of this Agreement by the date indicated in Section 18 of this Agreement,
Employer’s offer to enter into this Agreement and/or its execution of this Agreement is
automatically revoked and Employee shall forfeit all rights under the Plan.

     17. Severability. It is the desire and intent of the parties that the provisions of this
Agreement shall be enforced to the fullest extent permissible under the laws and public policies
applied in each jurisdiction in which enforcement is sought. Accordingly, although Employer and
Employee consider the restrictions contained in this Agreement to be reasonable for the purpose of
preserving Employer’s goodwill and proprietary rights, if any provision or portion of this
Agreement shall be determined to be invalid or unenforceable for any reason, the remaining
provisions or portions of this Agreement shall be unaffected thereby and shall remain in full force
and effect to the fullest extent permitted by law. It is expressly understood and agreed that
although Employer and Employee consider the restrictions contained in Paragraph 10 to be
reasonable, if a final determination is made by a court of competent jurisdiction that the duration
or region or any other restriction contained in such paragraph is unenforceable against Employee,
such paragraph shall be deemed amended to apply as to such maximum duration and region and to such
maximum extent as such court may judicially determine or indicate to be enforceable.

     18. Deadline for Execution. In accordance with Paragraph 16 above, this Agreement will be void
if not executed by Employee and received by Employer on or before [___].

     19. Entire Agreement. This Agreement, together with the Plan and the Participation Agreement,
represents the complete understanding of Employee and Employer with respect to the subject matter
herein. Without limiting the foregoing, this Agreement, together with the Plan and the
Participation Agreement, replaces and supersedes The Goodyear Tire & Rubber Company Associate
Confidentiality and Intellectual Property Agreement between the Company and the Employee dated                     .

     20. Notices. Notices or other communications given pursuant to this Agreement shall be given
in accordance with the Plan.

18

 

     21. Governing Law. This Agreement will be construed and enforced in accordance with the laws
of Ohio.

     22. Counterparts. This Agreement may be executed in two or more counterparts, all of which
shall be considered one and the same agreement.

BY SIGNING THIS AGREEMENT, YOU STATE THAT:

     YOU HAVE READ THIS AGREEMENT AND HAVE HAD SUFFICIENT TIME TO CONSIDER ITS TERMS;

     YOU UNDERSTAND ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT AND KNOW THAT YOU ARE GIVING
UP IMPORTANT RIGHTS, INCLUDING, WITHOUT LIMITATION, THOSE ARISING UNDER THE ADEA;

     YOU AGREE WITH EVERYTHING IN THIS AGREEMENT;

     YOU ARE AWARE OF YOUR RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT AND HAVE
BEEN ADVISED OF SUCH RIGHT;

     YOU HAVE SIGNED THIS AGREEMENT KNOWINGLY AND VOLUNTARILY; AND THIS AGREEMENT INCLUDES A
RELEASE BY YOU OF ALL KNOWN AND UNKNOWN CLAIMS AS OF ITS EFFECTIVE DATE, AND NO CLAIMS ARISING
AFTER ITS EFFECTIVE DATE ARE WAIVED OR RELEASED IN THIS AGREEMENT.

	 	 	 	 	 	 	 	 	 	 	 

	THE GOODYEAR TIRE & RUBBER COMPANY	 	ACCEPTED AND AGREED BY PARTICIPANT
	 
	By:

	 	 	 	 	 	Signed:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Dated:	 	 	 	 

19

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