Document:

exv10wxvy

 

Exhibit 10(V)

Name: [          ]

[Form of] COMPENSATION STATEMENT

			
	 	 	 
	Commencing: [     ]
	 	Salary: $ [     ] per month

I agree the salary cited will be my total salary during each monthly period in which GM continues
it in effect for all hours worked, including overtime.

I acknowledge I am aware of trade secrets or other confidential and/or proprietary information
concerning GM; the disclosure of which will cause irreparable harm to the Corporation. I agree
that I will not disclose to any person or entity any such trade secret, confidential and/or
proprietary information and, upon termination of my employment with GM, I shall return all
documents or other materials containing such information to GM.

For a period of two years immediately following my voluntary termination of employment with GM or
any of its subsidiaries, I will not, without the prior written consent of the GM Chief Executive
Officer, engage in or perform any services of a similar nature to those I performed at GM for any
other corporation or business engaged in the design, manufacture, development, promotion, sale, or
financing of automobiles or trucks within North America, Latin America, Asia, Australia, or Europe
in competition with GM, any of its subsidiaries or affiliates, or any joint ventures to which GM or
any of its subsidiaries or affiliates is a party. If the terms of this paragraph are found by a
court to be unenforceable due to the duration, products or territory covered, such court shall be
authorized to interpret these terms in a manner that makes the paragraph enforceable within that
particular jurisdiction.

This Statement reaffirms that my employment is from month-to-month on a calendar month basis and I
acknowledge GM retains the right in its discretion to increase or decrease my monthly compensation.
The parties agree Michigan law applies to this Compensation Statement even if I am employed outside
the state.

I agree that my job responsibilities with GM and a significant portion of my compensation are
consideration for the confidentiality and non-compete agreements noted above. I acknowledge that
my breach of the confidentiality or non-competition provisions of this agreement will cause
irreparable harm to GM because of the weakened ability of GM to fairly compete and the inherent
difficulty in quantifying the damage caused to GM from such breach. Such irreparable harm can and
should be remedied by an injunction against me without any bond being required because any other
potential remedy will not be as prompt, certain and full as is necessary to prevent such harm. I
acknowledge that my breach of this non-compete agreement will cause GM a greater degree of harm
than could be caused to me by living up to the terms because I am being compensated by GM at such a
level so as to be able to sustain myself for the non-competition period and am also able to work in
fields of business which are not competitive with GM, its affiliates or joint ventures. I further
acknowledge that the non-competition provisions are reasonable in duration, geographical area and
line of business.

By signing this compensation statement, I also acknowledge my responsibility to adhere to and
believe I am in compliance with General Motors Corporation guidelines with respect to employee
conduct as contained in the “Winning With Integrity — Our Values and Guidelines for Employee
Conduct” materials. In addition, I agree that any award of cash, stock, stock options (or other
compensation) made to me under any of the Corporation’s executive incentive compensation plans on
or after January 1, 2007 or any unvested award previously granted is subject to recoupment by the
Corporation in any situation where the Board of Directors or a

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Name: [          ]

committee thereof determines that fraud, negligence, or intentional misconduct on my part was a
significant contributing factor to the Corporation having to restate all or a portion of its
financial statement(s). The determination regarding employee conduct and repayment under this
provision shall be within the sole discretion of the Executive Compensation Committee of the
General Motors Board of Directors and shall be final and binding on both parties to this
Compensation Statement.

No modification or amendment of this Compensation Statement will be effective unless it is in
writing and signed by both parties.

	 	 	 	 	 
	 
	 	 	 	 
	 

Employee

	 	 

General Motors Corporation
	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	Date

	 	Date	 	 

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Exhibit 10(W)

[Form of ] Restricted Stock Unit Grant Award

What is a Restricted Stock Unit?

A Restricted Stock Unit (RSU) is a long-term incentive award, granted in addition to other
incentive compensation and designed to focus on employee retention.

Use of Restricted Stock Units within General Motors

GM grants RSUs to only select key executives identified as the most significant contributors to the
organization without whose leadership current and future initiatives would be jeopardized.

Vesting

Provided all terms and conditions are met, your RSU grant will vest [     ] after [     ] and [     ]
after [     ]. Vesting is subject to continued employment and substantial attainment of
your annual PMP goals over the initial [     ] period as determined by the Chairman and CEO with
review and consent of the ECC prior to the vesting date. Also, as with any other incentive award,
vesting and payment of an RSU grant is subject to the Conditions Precedent as stipulated in the GM
2002 Stock Incentive Plan.

Earning of your RSU grant is contingent upon:

	 	•	 	Remaining as an employee of the Corporation (unless waived by the Executive
Compensation Committee)
	 
	 	•	 	Substantially attaining your annual PMP goals over the [     ] period as established by
the Chairman and CEO at the time of your annual performance review and as may subsequently
be modified during the [     ] period by Management, in its sole discretion.
	 
	 	•	 	Final consent given by the ECC prior to the [     ] vesting date

Notwithstanding the above or anything in the GM 2002 Stock Incentive Plan to the contrary, your RSU
grant will become 100% vested upon a Change in Control as defined in the GM 2002 Stock Incentive
Plan and will be paid pursuant to the payment schedule below, or if earlier, immediately (but not
later than 90 days) following termination of employment.

Denomination of your RSU Grant/Dividend Equivalents

Your RSU grant will be denominated in shares of GM $1-2/3 par value Common stock. The number of
shares awarded is [     ] shares. Dividend equivalents will be paid unless the grant is forfeited or
otherwise terminated. The first payment of dividend equivalents will be made in [     ]. The value
of your RSU grant shares will fluctuate prior to payment based on appreciation/depreciation in the
stock price.

Payment

Notwithstanding anything in the GM 2002 Stock Incentive Plan to the contrary, vested RSUs will be
paid to you, in the form of shares of GM stock, on the following schedule:

	 	•	 	All RSUs that are vested as of [     ] will be paid to you not later than 90 days after that date.
	 
	 	•	 	All RSUs that are vested as of [     ] will be paid to you not later than 90 days after that date.

Note: Your RSUs typically will vest before the dates described above only upon a Change in
Control; thus, if you quit before the specified dates absent a Change in Control, you will forfeit
RSUs that have not vested pursuant to the [     ] schedule described in the vesting section above.

If the Committee determines you are a “specified employee” who meets the definition set forth in
Section 409A of the Internal Revenue Code, you will not be entitled to be paid any vested RSUs

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payable on account of a separation from service until the expiration of six months from the date of
separation (or, if earlier, death).

Vesting Issues

In addition to terms and conditions of the General Motors 2002 Stock Incentive Plan, the treatment
of unvested Restricted Stock Unit grants is summarized below:

	 	 	 
	Event	 	Treatment of Unvested RSU Grant
	Employment Termination, quit,
leave (other than short-term
disability or Family Medical
Leave Act [FMLA]), violation
of Conditions Precedent

	 	Forfeited in its entirety
	 
	 	 
	Demotion; Failure to perform
to the satisfaction of the
Chairman and CEO and the ECC

	 	Forfeited in its entirety
	 
	 	 
	Permanent Disability, Death,
or Mutually Satisfactory
Release

	 	Unvested shares will vest pro rata for
time worked and will be delivered to
employee/beneficiary in shares of stock
within 90 days
	 
	 	 
	Retirement and Termination
following a Change in Control

	 	Vesting accelerated; all remaining
unvested shares will be delivered
immediately to employee in shares of stock
within 90 days

The Executive Compensation Committee may, in its discretion, amend, modify, suspend or terminate
this grant.

Section 16-B Reporting Requirements

As a Section 16-B officer, you must report the performance-based shares on Form 4 only upon vesting
([Date], or upon a termination following a Change in Control, or when delivered if earlier). There
is no reporting requirement at the time of grant.

Tax Impact

	 	1)	 	At Grant — No Tax
	 
	 	2)	 	Upon payment, full value of award taxed as ordinary income and subject to any
applicable employment taxes

Note: Shares will be withheld from the final award delivery for tax purposes

	 	3)	 	Sale of shares received under grant (under current tax law)

	 	a)	 	If held for more than one year following payment, gains are taxed at the
long-term capital gains tax rate
	 
	 	b)	 	If held for less than one year following payment, any gain is taxed as ordinary
income

	 	4)	 	Dividend Equivalents -Taxed as ordinary income when received

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Non-Compete

As a condition of this RSU grant, for a period of two years immediately following your voluntary
termination of employment with GM or any of its subsidiaries, you will not, without the prior
written consent of the Chairman and CEO of General Motors, engage in or perform any services of a
similar nature to those you performed at GM for any other corporation or business engaged in the
design, manufacture, development, promotion, sale, or financing of automobiles or trucks within
North America, Latin America, Asia, Australia, or Europe in competition with GM, any of its
subsidiaries or affiliates, or any joint ventures to which GM or any of its subsidiaries or
affiliates is a party. If the terms of this paragraph are found by a court to be unenforceable due
to the duration, products or territory covered, such court shall be authorized to interpret these
terms in a manner that makes the paragraph enforceable within that particular jurisdiction.

Please indicate your agreement with these matters by signing below and returning this letter to me.

Sincerely,

I agree to the conditions of this RSU grant.

	 	 	 	 	 
	 
 

	 	 

Date
	 	 

Conditions Precedent: Vesting and delivery of any incentive plan awards and/or grants are
subject to all of the General Motors 2002 Stock Incentive Plan terms ,as amended, including the
satisfaction of the following conditions precedent:

	•	 	Continued service as an employee with General Motors (unless waived by the Executive
Compensation Committee [ECC] of the General Motors Board of Directors)
	 
	•	 	Refrain from engaging in any activity which in the opinion of the ECC is competitive with
any activity of General Motors Corporation or any subsidiary, and from acting in any way
inimical or contrary to the best interests of General Motors Corporation (either prior to or
after termination of employment)
	 
	•	 	Furnish as shall be reasonably requested information with respect to the satisfaction of
conditions precedent (except following a Change in Control).

General Motors Corporation reserves the right to amend, modify, or terminate this RSU Grant and the
General Motors 2002 Stock Incentive Plan, as amended. However, in no event may the Grant or the
Plan be amended or terminated following a Change in Control in a manner that reduces your rights or
otherwise has a detrimental impact on your benefits payable under this Grant. Further, the
Committee shall not amend or terminate the Plan or Grant if such action would result in tax and
penalties under Section 409A of the Code. Where the provisions of this RSU Grant expressly deviate
from the terms of the Plan, the provisions of this Grant shall be controlling.

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