Document:

Unassociated Document

    
      

    

    Exhibit
10-O-2

    

    Annual
Incentive Compensation Plan Metrics for 2008

    

    

    On
February 27, 2008, the Compensation Committee of the Board of Directors of the
Company approved the specific performance goals and business criteria to be used
for purposes of determining any future cash awards for 2008 for participants,
including executive officers, under the Company's shareholder-approved Annual
Incentive Compensation Plan (filed as Exhibit 10-T to the Company's Annual
Report on Form 10-K for the year ended December 31, 1999).  For most
participants, the performance criteria and weightings to be used for 2008 under
the plan include attaining specified levels of:

    

    
      	
               
      

            	
              ·

            	
              total
      company pre-tax profits* (40%),

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit pre-tax profits (including related financing profits)*
      (15%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company automotive operating cash flow*
(20%),

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit cost performance
(8.33%),

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit market shares (8.33%),
and

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit quality metrics
(8.33%).

            

    

    

    For some
participants, including certain executive officers, whose job responsibilities
encompass multiple business units, the performance criteria to be used for 2008
under the plan include attaining specified levels of:

    

    
      	
               
      

            	
              ·

            	
              total
      company pre-tax profits* (55%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company automotive operating cash flow*
(20%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company cost reductions (8.33%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company market shares (8.33%), and

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company quality metrics (8.33%).

            

    

    

    Based on
business performance results for 2008 against the targeted levels established
for each metric, the Compensation Committee will determine the percentage of the
target award that is earned, which could range between 0% and 200% depending on
actual performance achieved relative to the target levels.  In
addition, individual awards may be increased (within limits set by the
Compensation Committee) or decreased from a formula amount, based on leadership
level or salary grade level, to reward a person's performance.

    

    *
Excludes special itemsUnassociated Document

    
      

    

    Exhibit
10-O-3

    

    Performance-Based
Restricted Stock Unit Award Metrics for 2008

    

    

    On
February 27, 2008, the Compensation Committee of the Board of Directors of the
Company approved the specific performance goals and business criteria to be used
for purposes of determining any future performance-based restricted stock unit
final awards for the 2008 performance-year for participants, including executive
officers, under the Company's shareholder-approved 1998 Long-Term Incentive Plan
(filed as Exhibit 10-R to the Company's Annual Report on Form  10-K
for the year ended December 31, 2002).  For most
participants, the performance criteria and weightings to be used for 2008 under
the plan include attaining specified levels of:

    

    
      	
               
      

            	
              ·

            	
              total
      company pre-tax profits* (40%),

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit pre-tax profits (including related financing profits)*
      (15%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company automotive operating cash flow*
(20%),

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit cost performance
(8.33%),

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit market shares (8.33%),
and

            

    

    

    
      	
               
      

            	
              ·

            	
              relevant
      business unit quality metrics
(8.33%).

            

    

    

    For some
participants, including certain executive officers, whose job responsibilities
encompass multiple business units, the performance criteria to be used for 2008
under the plan include attaining specified levels of:

    

    
      	
               
      

            	
              ·

            	
              total
      company pre-tax profits* (55%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company automotive operating cash flow*
(20%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company cost reductions (8.33%),

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company market shares (8.33%), and

            

    

    

    
      	
               
      

            	
              ·

            	
              total
      company quality metrics (8.33%).

            

    

    

    Based on
business performance results for 2008 against the targeted levels established
for each metric, the Compensation Committee will determine the percentage of the
target award that is earned, which could range between 0% and 100% depending on
actual performance achieved relative to the target levels.  In
addition, individual awards may be increased (within limits set by the
Compensation Committee) or decreased from a formula amount, based on leadership
level or salary grade level, to reward for a person's anticipated future
contribution.

    

    *
Excludes special itemsex10_p7.htm

    
      

    

    Exhibit
10-P-7

    

    

    

    
      	 
      	 
      	
              World
      Headquarters, Room 538

            
	 
      	 
      	
              One
      American Road

            
	 
      	 
      	
              Dearborn,
      MI 48126-2798

            
	 
      	 
      	 
      
	 
      	 
      	
              March
      6, 2008

            

    

    

    Dear
______________________,

    

    In
recognition of Company, CBG, and individual performance in 2007, and in
anticipation of your continued leadership and ongoing efforts in 2008, the
Compensation Committee of the Board of Directors has approved the following
incentive compensation for you:

    

    The 2005
– 2007 performance period for the 2005 Performance Stock Right (PSR) grant ended
on December 31, 2007.  The performance metrics for the 2005 grant
were:

    
      	
               
      

            	
              •

            	
              Total
      shareholder return relative to the S&P
500

            

    

    
      	
               
      

            	
              •

            	
              Total
      cost performance

            

    

    
      	
               
      

            	
              •

            	
              Global
      market share

            

    

    
      	
               
      

            	
              •

            	
              High
      time-in-service improvement

            

    

    
      	
               
      

            	
              •

            	
              Launch
      metrics

            

    

    Based on
performance against these metrics, the Compensation Committee has approved the
following:

    

    
      	
              Original
      Grant:

            	
              [     ]

            

    

    
      	
              Performance-Based
      PSR payout:

            	
              [     ]%
      of the original grant

            

    

    
      	
              PSR
      Final Award:

            	
              [     ]

            

    

    

    The 2005
– 2007 PSR final award amount and related plan and tax information are being
mailed to your home from Smith/Barney the week of March 10, 2008.  The
value of your final award is determined using the Fair Market Value of
$[     ] of Ford Motor Company Common Stock on March 5,
2008, less shares withheld to cover any tax liability on the value of the
grant.

    

    All
stock-based awards are subject to the terms of the 1998 Long-Term Incentive
Plan.  Additional information regarding all of your stock-based awards
is available on HR ONLINE.  If you have further questions regarding
your awards, please contact __________ at __________.

    

    Thank you
for all your efforts and continued leadership.

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