Document:

Visteon Executive Severance Plan

 Exhibit 10.1 
 2010 VISTEON EXECUTIVE SEVERANCE PLAN 
 (as amended and restated effective
October 29, 2012) 
 ARTICLE I. PURPOSE 
 Section 1.01. Purpose Statement. 
 Visteon Corporation (the
“Company”) has developed the 2010 Visteon Executive Severance Plan (the “Plan”) to provide severance benefits to eligible officers of the Company and its affiliates whose employment with the Company or affiliate is involuntarily
terminated under certain circumstances. The Plan is an expression of the Company’s present policy with respect to severance benefits for Executives who meet the eligibility requirements set forth herein; it is not a part of any contract of
employment. It is intended to comply with ERISA and all other relevant laws. The Plan became effective October 5, 2010 pursuant to the Company’s confirmed plan of reorganization pursuant to Chapter 11 of the United States Bankruptcy Code,
without further action by the Company or its Board of Directors. The Plan was amended and restated, as set forth herein, on October 29, 2012. 
 ARTICLE II. DEFINITIONS 
 Section 2.01. Definitions. 

The following words and phrases, when used in this document, shall have the following meanings, unless the context clearly indicates
otherwise: 
 (a) “Acknowledgement” means a document, in such form as the Plan Administrator may prescribe and that an
Executive executes, that contains both (i) an acknowledgment by an Executive that the Executive’s receipt of benefits under Article IV hereof is contingent upon the Executive’s agreement to be bound by the provisions of Article VIII
hereof and (ii) the Executive’s agreement to be so bound. 
 (b) “Base Salary” means Executive’s annual
base rate of pay in effect at his or her Termination Date, excluding bonuses, one-time payments, incentives, and other awards that are not regularly paid throughout the year. The Plan Administrator’s determination of the Executive’s Base
Salary shall be final and conclusive. 
 (c) “Company” means Visteon Corporation, or any successor thereto.

 (d) “ERISA” means the Employee Retirement Income Security Act of 1974, and the rulings and regulations promulgated
thereunder, all as amended and in effect from time to time. 
 (e) “Executive” means an officer of the Company elected
by the Board of Directors of the Company. 
 (f) “Foreign Payroll Executive” means an Executive who is not enrolled on
the U.S. payroll of the Company or a subsidiary of the Company. 
 (f) “Plan Administrator” means the Organization and
Compensation Committee of the Board of Directors of the Company. 

 (g) “Release” means a release and waiver of claims (including, if applicable,
claims under the Age Discrimination in Employment Act of 1967, as amended) that is in such form as the Plan Administrator may prescribe and that an Executive executes for the benefit of the Company, Visteon Systems, LLC, their respective affiliates,
and their respective officers, directors, employees, agents, predecessors, successors and assigns. 
 (h) “Termination
Date” is the date on which an Executive’s employment with the Company and its affiliates terminates. 
 ARTICLE III.
AWARD OF SEVERANCE BENEFITS 
 Section 3.01. Award of Severance Pay. 

Except as provided in Section 3.02 below, an Executive is eligible for a Basic Severance Benefit under Section 4.01, and may
qualify for an Enhanced Severance Benefit under Section 4.02 or Section 4.03, if the Executive’s employment with the Company or a subsidiary of the Company is involuntarily terminated by the Company or by a subsidiary of the Company.
The Plan Administrator shall have final and exclusive discretion to determine whether an Executive’s termination of employment is involuntary. 
 Section 3.02. Exclusions. 
 Except as provided in Section 3.03
with respect to Foreign Payroll Executives, the Plan Administrator shall not grant severance benefits to an Executive in any of the following situations: 
 (a) The Executive voluntarily retires or resigns from employment; 
 (b) The
Executive’s position is eliminated and the Executive is offered another position which the Executive declines (unless the Plan Administrator has specifically authorized severance benefits in accordance with the discretion granted to the Plan
Administrator under Section 3.01 above); 
 (c) The Executive is terminated, replaced, laid off or placed on leave for
reasons related to absenteeism or inappropriate conduct; 
 (d) The Executive is terminated or separated for not returning, in a
timely manner, from an approved leave of absence; 
 (e) The Executive’s employment ends or is terminated because the
Executive is physically or otherwise unable to perform the essential functions of his or her position, with or without any applicable reasonable accommodation; 
 (f) The Executive’s employment terminates while receiving or seeking (or in connection with a condition or situation with respect to which the Executive has indicated an intention to or is otherwise
likely to seek) payments or benefits under a program, policy, plan or a law that provides payments or benefits to an Executive unable to work because of illness, injury or disability; 

(g) The Executive is eligible to receive pay-in-lieu of notice, severance pay, termination pay or any other form of separation pay under
any law; 
 (h) The Executive is terminated in connection with the sale by the Company, or a subsidiary or affiliate of the
Company, of all or part of a division, plant, facility, operation, product line or other unit, or the outsourcing of functions to a third party vendor, where the Executive is offered employment with the purchaser, vendor or other transferee with a
starting date within 90 days of the Executive’s Termination Date; 

  
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 (i) The Executive’s employment is governed by an employment contract (in which case,
the employment contract, and not this Plan, shall govern the severance benefits, if any, to be provided to the Executive); or 

(j) The Executive is eligible for benefits under any other severance plan, exit incentive plan, or reduction in force plan offered by the
Company or a subsidiary or affiliate of the Company. 
 Section 3.03. Special Rule for Foreign Payroll Executives. 

A Foreign Payroll Executive who would be eligible for severance benefits under the Plan but for the application of Section 3.02(g)
above because the Foreign Payroll Executive is entitled to receive pay-in-lieu of notice, severance pay, termination pay or any other form of separation pay under any law applicable to him or her will be eligible for severance benefits under the
Plan equal to (a) the amount that would be payable to the Foreign Payroll Executive had he or she been enrolled on the U.S. payroll of the Company or a subsidiary of the Company, offset by (b) the amount of pay-in-lieu of notice, severance
pay, termination pay or any other form of separation pay the Foreign Payroll Executive actually receives in connection with his or her termination under any law applicable to him or her. 

ARTICLE IV. AMOUNT OF SEVERANCE BENEFIT 
 Section 4.01. Basic Severance Benefit. 
 The Basic Severance Benefit
for any Executive who becomes so entitled shall be an amount equal to four weeks of Base Salary. Payment will be in a lump sum cash payment, after withholding of applicable income and payroll taxes and other authorized withholdings. In addition, the
Executive will be eligible for the benefits described in Section 4.05(a). 
 Section 4.02. Enhanced Severance Benefit.

 (a) Except as provided in Section 4.03 with respect to any Executive who is a party to a Change in Control Agreement
with the Company that was entered into before October 29, 2012 and has not been replaced by a Change in Control Agreement with an effective date of October 29, 2012 or later, in any case in which the Plan Administrator has authorized the
payment of severance benefits and the Executive provides a Release and an Acknowledgement, in each case in a form acceptable to the Company, then in lieu of the Basic Severance Benefit described in Section 4.01, the Executive shall receive an
Enhanced Severance Benefit described in Sections 4.02(b) and (c) below. In addition, the Executive will be eligible for the benefits described in Section 4.05. 
 (b) For the Chief Executive Officer, Executive Vice Presidents, Senior Vice Presidents and Vice Presidents who are also Presidents of business units, the Enhanced Severance Benefit is an amount equal 150%
of the sum of (i) one year of Base Salary, plus (ii) the Executive’s target annual incentive opportunity in effect on the Termination Date. For other Executives, the Enhanced Severance Benefit is an amount equal 100% of the sum of
(i) one year of Base Salary, plus (ii) the Executive’s target annual incentive opportunity in effect on the Termination Date. The Enhanced Severance Benefit described in this Section 4.02(b) is paid as a lump sum cash payment,
after withholding of applicable income and payroll taxes and other authorized withholdings. 

  
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 (c) In addition, the Executive will be eligible to receive, as an Enhanced Severance
Benefit, an annual incentive for the fiscal year during which the Termination Date occurs, determined as if the Executive had remained employed for the entire year (and any additional period of time necessary to be eligible to receive the annual
incentive for the year), based on actual Company 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 senior executives who did not terminate employment), and assuming that any individual goals applicable to the Executive were satisfied at the “target” level, pro-rated based on the number of days in the Company’s
fiscal year through (and including) the Termination Date. The pro-rated annual incentive shall be payable in a single lump sum at the same time that payments are made to other participants in the annual incentive plan for that fiscal year (upon the
terms, and subject to the conditions, of the annual incentive plan but in no event later than two and one-half months after the fiscal year during which the Termination Date occurs). 
 Section 4.03. Lesser Enhanced Severance Benefit for Executives with Still Effective Previous Agreements. 
 For any Executive who is a party to a Change in Control Agreement with the Company that was entered into before October 29, 2012 and has not been replaced by a Change in Control Agreement with an
effective date of October 29, 2012 or later, in any case in which the Plan Administrator has authorized the payment of severance benefits and the Executive provides a Release and an Acknowledgement, in each case in a form acceptable to the
Company, then in lieu of the Basic Severance Benefit described in Section 4.01 the Executive shall receive an Enhanced Severance Benefit in an amount equal to one year of Base Salary, which will be paid as a lump sum cash payment, after
withholding of applicable income and payroll taxes and other authorized withholdings. In addition, the Executive will be eligible for the benefits described in Section 4.05. 
 Section 4.04. Reduction of Benefits. 
 To the extent permitted under
Internal Revenue Code Section 409A, benefits under Sections 4.01, 4.02 or 4.03 will be reduced by the amount of any unpaid obligations that the Executive owes to the Company, a subsidiary or affiliate of the Company. 

Section 4.05. Other Continued Benefits. 
 (a) An Executive who is eligible to receive Basic Severance Benefits or Enhanced Severance Benefits and who, on the Executive’s Termination Date, was covered under the group medical and/or dental
programs is eligible to continue such group medical and/or dental coverage in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”). If the Executive elects to continue medical and dental coverage
in accordance with COBRA and the Executive is entitled to an Enhanced Severance Benefit under Section 4.02 or Section 4.03, the Company will either pay directly, or reimburse the Executive for, the entire COBRA premium contribution for 18
months, which premiums will be included in the Executive’s income for tax purposes to the extent required by applicable law. The Company may withhold from any such direct payment or reimbursement an amount sufficient to cover the amount of
required withholding. Direct payments or reimbursement by the Company of COBRA premium contributions will cease after 18 months or when the Executive becomes covered under another plan, whichever is earlier. Company payments of COBRA premium
contributions otherwise receivable by the Executive pursuant to this Section 4.05(a) shall be reduced to the extent benefits of the same type are received by or made available to the Executive by another employer during the 18 month period
following the Executive’s Termination Date (and any such benefits received by or made available to the Executive shall be reported to the Company by the Executive). 

  
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 (b) The Company will provide professional career transition services to assist terminated
Executives entitled to an Enhanced Severance Benefit in the preparation for and execution of their job search, which services may include career counseling, assessment of interests and skills, development of job search tools such as resumes and
cover letters, preparation of a job discovery strategy, and interview skills coaching. Unless otherwise determined by the Plan Administrator in its sole discretion, the amount expended by the Company with respect to career transition services
pursuant to this Section 4.05(b) with respect to any one Executive will not exceed $50,000. Subject to that dollar limitation, the Company will pay for these services for twelve months or until the Executive becomes employed, whichever is
earlier. 
 (c) An Executive’s outstanding awards under the Visteon Corporation 2004 Incentive Plan and the Visteon
Corporation 2010 Incentive Plan shall be governed by the terms and conditions of each award or grant, and not by the terms of this Plan. 
 (d) An Executive who is eligible to receive retirement benefits under a retirement plan maintained by the Company or a subsidiary may apply for and commence retirement benefits in accordance with the
terms of the applicable retirement plan. Retirement benefits are not governed by the terms of this Plan. 
 ARTICLE V. PAYMENT
OF BENEFITS 
 Section 5.01. Entitlement to Benefits. 
 An Executive becomes entitled to severance benefits under Article IV on the date that the Executive has satisfied all of the requirements for receiving a severance benefit (including, if applicable, the
Executive’s execution of a Release and an Acknowledgement within 60 days after the Termination Date and the expiration of any revocation period that is provided in accordance with applicable law or such policies as may from time to time be
adopted by the Plan Administrator). All payments shall be subject to income tax withholding and other appropriate deductions. 

Section 5.02. Payment of Benefits. 
 Cash benefits under the Plan are intended to be separate payments that constitute “short-term deferrals” that are exempt from the requirements of Internal Revenue Code Section 409A.
Accordingly, payment of the Basic Severance Benefit under Section 4.01 and the Enhanced Severance Benefit under Section 4.02 or Section 4.03, to the extent applicable to the Executive, shall be completed by the later of (i) the
15th day of the third month following the end of the first taxable year in which the Executive becomes entitled to benefits under the Plan, or (ii) the 15th day of the third month following the end of the Company’s first taxable year in
which the Executive becomes entitled to benefits under the Plan. The medical, dental and career transition benefits to which the Executive may become entitled under Section 4.04 are also intended to be exempt from Internal Revenue Code
Section 409A, and the Plan Administrator (or its delegate) shall administer the Plan consistent with Internal Revenue Code Section 409A and the requirements for exemption of such benefits. The Plan Administrator may adopt additional rules
and restrictions with respect to such benefits if the Plan Administrator determines that such rules and restrictions are necessary or appropriate in order to qualify (or continue to qualify) for exemption from Internal Revenue Code
Section 409A. 

  
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 To the extent that the Executive’s right to receive payments or benefits under this
Plan constitutes a “deferral of compensation” within the meaning of Internal Revenue Code Section 409A, then notwithstanding anything contained in this Article V to the contrary, any payment that, but for this sentence, would be
payable before the date that is the first day of the seventh month following the month in which occurs the Executive’s “separation from service” within the meaning of Internal Revenue Code Section 409A the payment shall be made
on that date and not on the earlier date otherwise provided for in this Plan. 
 ARTICLE VI. CLAIMS PROCEDURE 

Section 6.01. Claims Procedure. 
 (a) Claim for Benefits. Any Executive who believes he or she is entitled to benefits under the Plan in an amount greater than the amount received may file, or have his or her duly authorized
representative file, a claim with the Plan Administrator. Any such claim shall be filed in writing stating the nature of the claim, and the facts supporting the claim, the amount claimed and the name and address of the claimant. The Plan
Administrator shall consider the claim and answer in writing stating whether the claim is granted or denied. The written decision shall be within 90 days of receipt of the claim by the Plan Administrator (or 180 days if additional time is needed and
the claimant is notified of the extension, the reason therefor and the expected date of determination prior to commencement of the extension). If the claim is denied in whole or in part, the Executive shall be furnished with a written notice of such
denial containing (i) the specific reasons for the denial, (ii) a specific reference to the Plan provisions on which the denial is based, (iii) an explanation of the Plan’s appeal procedures set forth in subsection
(b) below, (iv) a description of any additional material or information which is necessary for the claimant to submit or perfect an appeal of his or her claim and (v) an explanation of the Executive’s right to bring suit under
ERISA following an adverse determination upon appeal. 
 (b) Appeal. If an Executive wishes to appeal the denial of his or her
claim, the Executive or his or her duly authorized representative shall file a written notice of appeal to the Plan Administrator within 90 days of receiving notice of the claim denial. In order that the Plan Administrator may expeditiously decide
such appeal, the written notice of appeal should contain (i) a statement of the ground(s) for the appeal, (ii) a specific reference to the Plan provisions on which the appeal is based, (iii) a statement of the arguments and authority
(if any) supporting each ground for appeal, and (iv) any other pertinent documents or comments which the appellant desires to submit in support of the appeal. The Plan Administrator shall decide the appellant’s appeal within 60 days of its
receipt of the appeal (or 120 days if additional time is needed and the claimant is notified of the extension, the reason therefore and the expected date of determination prior to commencement of the extension). The Plan Administrator’s written
decision shall contain the reasons for the decision and reference to the Plan provisions on which the decision is based. If the claim is denied in whole or in part, such written decision shall also include notification of the Executive’s right
to bring suit for benefits under Section 502(a) of ERISA and the claimant’s right to obtain, upon request and free of charge, reasonable access to and copies of all documents, records or other information relevant to the claim for
benefits. 
 Section 6.02. Standard of Review. 
 The Plan Administrator is vested with the discretionary authority and control to determine eligibility for coverage and benefits and to construe the terms of the Plan; any such determination or
construction shall be final and binding on all parties unless arbitrary or capricious. To the extent that the Plan Administrator has appointed a delegate or delegates to administer the claims procedure, any such determination or construction of the
delegate shall be final and binding on all parties to the same extent as if made by the Plan Administrator. 

  
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 Section 6.03. Delegation to the Senior Vice President, Human Resources. 

Subject to such limits as the Plan Administrator may from time to time prescribe, the Company’s Senior Vice President, Human
Resources may exercise any of the authority and discretion granted to the Plan Administrator hereunder, provided that the Senior Vice President, Human Resources shall not exercise any authority and responsibility with respect to non-ministerial
matters affecting the Senior Vice President, Human Resources. 
 ARTICLE VII. AMENDMENT AND TERMINATION OF THE PLAN

 Section 7.01. Right to Amend and Terminate the Plan. 

Except as provided in either of Sections 7.01(a) or (b), the Company reserves the right, by action of the Plan Administrator, to amend,
modify or terminate the Plan at any time, in its sole discretion, without prior notice to Executives. 
 (a) No amendment,
modification or termination of the Plan shall have the effect of reducing the eligibility for severance benefits (or the amount thereof) for any Executive who (i) ceases to be employed by the Company or any subsidiary of the Company before
October 1, 2016, (ii) was a party to a Change in Control Agreement with the Company that was entered into before October 29, 2012, and (iii) entered into a new Change in Control Agreement with the Company by not later than
November 1, 2012. 
 (b) No amendment, modification or termination of the Plan shall have the effect of reducing the
eligibility for severance benefits (or the amount thereof) for any Executive who ceases to be employed by the Company or any subsidiary of the Company before the first anniversary of the date on which the Plan Administrator takes formal action to
effect that amendment, modification or termination. 
 ARTICLE VIII. ACKNOWLEDGEMENT AND RESTRICTIVE COVENANTS 

Section 8.01. Non-Compete; Non-Solicitation. 
 This Article VII applies to each Executive who signs and delivers to the Company an Acknowledgment as contemplated by Section 4.02 or Section 4.03, as the case may be. An Executive’s rights
to receive Enhanced Severance Benefits under Article IV shall be contingent on the Executive signing an Acknowledgement that the Executive is subject to and obligated to comply with the provisions of this Article VIII. 

Section 8.02. Non-Compete; Non-Solicitation. 
 The Executive agrees that for a period beginning on the date of termination of the Executive’s employment under circumstances entitling the Executive to payments and benefits under Article IV
hereof and ending on the first anniversary of that termination, the Executive will not, without the prior written consent of the Chairman of the Board or the Chief Executive Officer of the Company, (i) engage in or perform any services of a
similar nature to those performed by the Executive at the Company for any other corporation or business which is primarily engaged in the design, manufacture, development, promotion or sale of climate, instrument and door panels or electronic
components for the automotive industry within North America, Latin America, Asia, Australia or Europe in competition with the Company or any of the Company’s subsidiaries or Affiliates, or any joint ventures to which the Company or any of the
Company’s subsidiaries or Affiliates are a party (“Competing Business”), (ii) otherwise engage in any Competing Business, including, without limitation, by diverting or attempting to divert from the Company, or any of its
subsidiaries or affiliates, any business whatsoever, by influencing or 

  
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attempting to influence, or soliciting or attempting to solicit any of the customers of the Company or any of its subsidiaries or affiliates (or any potential customers with whom the Company or
any of its subsidiaries or affiliates had business contact in the preceding year) with whom Executive may have dealt at any time during his employment by Company, or concerning whom Executive obtained information described in Section 8.03
through his employment with the Company; (iv) recruit, solicit, hire, attempt to hire or assist any other person to hire any employee of the Company or any of its subsidiaries or affiliates or any person who was an employee of any of the
foregoing in the six months preceding Executive’s Termination Date, or solicit or encourage any employee of any of the foregoing to terminate employment; or (v) otherwise assist any person in any way to do, or attempt to do, anything
prohibited by the foregoing. 
 8.03. Confidential Information. 
 The Executive agrees that the Executive will not, at any time after the termination of the Executive’s employment with the Company, divulge, furnish or make available to any person any confidential
knowledge, information or materials, whether tangible or intangible, regarding proprietary matters relating to the Company, including, without limitation, trade secrets, customer and supplier lists, pricing policies, operational methods, marketing
plans or strategies, product development techniques or plans, business acquisition or disposition plans, new personnel employment plans, methods of manufacture, technical processes, designs and design projects, inventions and research projects and
financial budgets and forecasts of the Company except (a) information which at the time is available to others in the business or generally known to the public other than as a result of disclosure by the Executive not permitted hereunder, and
(b) when required to do so by a court of competent jurisdiction, by any governmental agency or by any administrative body or legislative body (including a committee thereof) with purported or apparent jurisdiction to order the Executive to
divulge, disclose or make accessible such information. 
 8.04. Non-Disparagement. 

The Executive agrees that the Executive will not, at any time after the termination of the Executive’s employment with the Company,
make, publish or communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments or statements concerning the Company or its businesses, or any of its employees, officers, and existing and prospective
customers, suppliers, investors and other associated third parties. The obligation set forth in this Section 8.04 does not, in any way, restrict or impede the Executive from exercising protected rights to the extent that such rights cannot be
waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance does not exceed that required by the law, regulation
or order. The Executive shall promptly provide written notice of any such order to the Board of Directors of the Company and to the Company’s General Counsel. 
 ARTICLE IX. MISCELLANEOUS PROVISIONS 
 Section 9.01. Non-Guarantee of Employment or
Other Benefits. 
 Neither the establishment of the Plan, nor any modification or amendment hereof, nor the payment of any
benefits hereunder shall be construed as giving any person any legal or equitable right against the Company, a subsidiary or affiliate of the Company, or the Plan Administrator, or the right to payment of any benefits (other than those specifically
provided herein), or as giving any person the right to be retained in the service of the Company or a subsidiary or affiliate of the Company. 

  
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 Section 9.02. Participant Rights Unsecured. 

The right of an Executive to receive severance benefits hereunder shall be an unsecured claim, and the Executive shall not have any
rights in or against any specific assets of the Company. The right of an Executive to payment of benefits under this Plan shall not be subject to attachment or garnishment (except as otherwise provided in the Plan) and may not be assigned,
encumbered, or transferred, except by will or the laws of descent and distribution. The rights of an Executive under this Plan are exercisable during the Executive’s lifetime only by the Executive or the Executive’s guardian or legal
representative. 
 The undersigned, on behalf of the Company, has executed this Plan effective October 29, 2012.

  

			
	VISTEON CORPORATION
		
		 	/s/ Keith M. Shull
	By:	 	Keith M. Shull
	Its:	 	Senior Vice President, Human Resources

  
 9Form of Change in Control Agreement

 Exhibit 10.2 
 CHANGE IN CONTROL AGREEMENT 
 THIS AGREEMENT, which is effective as of
[•], 2012 (the “Effective Date”), is made by and between Visteon Corporation, a Delaware corporation (the “Company”) and [NAME OF EXECUTIVE] (the “Executive”). 

WHEREAS, the Company considers it essential to the best interests of its stockholders to foster the continued employment of key
management personnel; 
 WHEREAS, the Board recognizes that, as is the case with many publicly held corporations, the
possibility of a Change in Control exists and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its
stockholders; 
 WHEREAS, the Board has determined that appropriate steps should be taken to reinforce and encourage the
continued attention and dedication of members of the Company’s management, including the Executive, to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change in
Control; and 
 [WHEREAS, the Company and the Executive are parties to a prior change in control agreement dated
[October 1, 2010] (the “Prior Agreement”) which the parties hereto now desire to replace with this Agreement;] 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Company and the Executive hereby agree as
follows: 
 1. Defined Terms. The definitions of capitalized terms used in this Agreement are provided in the last
Section hereof. 
 2. Term of Agreement. The Term of this Agreement shall commence on the Effective Date and shall
continue in effect thereafter until terminated by a resolution adopted by a majority of the Board, provided that: 
 (A) No termination by such resolution of the Board will be effective until the date specified by the Board in the resolution (a “Board Specified Termination Date”), which date may not be earlier
than two years after the date on which the resolution is adopted; 
 (B) If a Change in Control occurs before a
Board Specified Termination Date has occurred, the Term of this Agreement shall continue at least through the second anniversary of the first such Change in Control to so occur; and 

(C) No termination of this Agreement shall reduce or terminate the Executive’s right to receive, or continue to
receive, any payments or benefits that became payable with respect to a termination of the Executive’s employment that occurred before the effective date of the termination of this Agreement. 

3. Company’s Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in
consideration of the Executive’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except
as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a
termination of 

 
the Executive’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment
and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company. 
 4. The Executive’s Covenants. 
 4.1 The Executive agrees that, subject
to the terms and conditions of this Agreement, in the event of a Potential Change in Control during the Term, the Executive will remain in the employ of the Company until the earliest of (i) a date which is six months from the date of such
Potential Change of Control, (ii) the date of a Change in Control, (iii) the date of termination by the Executive of the Executive’s employment for Good Reason or by reason of death, Disability or Retirement, or (iv) the
termination by the Company of the Executive’s employment for any reason. 
 4.2 The Executive agrees that, during the Term
and for a period of twelve months after a termination of the Executive’s employment following a Change in Control under circumstances entitling the Executive to payments and benefits under Section 6 hereof, the Executive will not, without
the prior written consent of the Chairman of the Board or the Chief Executive Officer of the Company, (i) engage in or perform any services of a similar nature to those performed by the Executive at the Company for any other corporation or
business which is primarily engaged in the design, manufacture, development, promotion or sale of climate, instrument and door panels or electronic components for the automotive industry within North America, Latin America, Asia, Australia or Europe
in competition with the Company or any of the Company’s subsidiaries or Affiliates, or any joint ventures to which the Company or any of the Company’s subsidiaries or Affiliates are a party (“Competing Business”),
(ii) otherwise engage in any Competing Business, including, without limitation, by diverting or attempting to divert from the Company, or any of its subsidiaries or affiliates, any business whatsoever, by influencing or attempting to influence,
or soliciting or attempting to solicit any of the customers of the Company or any of its subsidiaries or affiliates (or any potential customers with whom the Company or any of its subsidiaries or affiliates had business contact in the preceding
year) with whom Executive may have dealt at any time during his employment by Company, or concerning whom Executive obtained information described in Section 4.3 through his employment with the Company; (iv) recruit, solicit, hire, attempt
to hire or assist any other person to hire any employee of the Company or any of its subsidiaries or affiliates or any person who was an employee of any of the foregoing in the six months preceding Executive’s Date of Termination, or solicit or
encourage any employee of any of the foregoing to terminate employment; or (v) otherwise assist any person in any way to do, or attempt to do, anything prohibited by the foregoing. 

4.3 During the Term and thereafter, the Executive will not (other than in the regular course and in furtherance of the Company’s
business) divulge, furnish or make available to any person any confidential knowledge, information or materials, whether tangible or intangible, regarding proprietary matters relating to the Company, including, without limitation, trade secrets,
customer and supplier lists, pricing policies, operational methods, marketing plans or strategies, product development techniques or plans, business acquisition or disposition plans, new personnel employment plans, methods of manufacture, technical
processes, designs and design projects, inventions and research projects and financial budgets and forecasts of the Company except (a) information which at the time is available to others in the business or generally known to the public other
than as a result of disclosure by the Executive not permitted hereunder, and (b) when required to do so by a court of competent jurisdiction, by any governmental agency or by any administrative body or legislative body (including a committee
thereof) with purported or apparent jurisdiction to order the Executive to divulge, disclose or make accessible such information. 

  
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 4.4 The Executive agrees that the Executive will not at any time make, publish or
communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments or statements concerning the Company or its businesses, or any of its employees, officers, members of its Board and existing and prospective
customers, suppliers, investors and other associated third parties. The obligation set forth in this Section 4.4 does not, in any way, restrict or impede the Executive from exercising protected rights to the extent that such rights cannot be
waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance does not exceed that required by the law, regulation
or order. The Executive shall promptly provide written notice of any such order to the Board and to the Company’s General Counsel. 
 5. Compensation Other Than Severance Payments. 
 5.1 Following a Change in
Control and during the Term, during any period that the Executive fails to perform the Executive’s full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company shall pay to the Executive an amount
that when added to the amount paid to the Executive under the Company’s short-term and/or long-term disability plans, will result in the Executive receiving his full salary at the rate in effect at the commencement of any such period, together
with all compensation and benefits payable to the Executive under the terms of any other compensation or benefit plan, program or arrangement maintained by the Company during such period, until the Executive’s employment is terminated by the
Company for Disability. 
 5.2 If the Executive’s employment shall be terminated for any reason following a Change in
Control and during the Term, the Company shall pay the Executive’s full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately
prior to the first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit
plans, programs or arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.

 5.3 If the Executive’s employment shall be terminated for any reason following a Change in Control and during the Term,
the Company shall pay to the Executive the Executive’s normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the
Company’s retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the
occurrence of the first event or circumstance constituting Good Reason. 
 6. Severance Payments. 

6.1 If the Executive’s employment is terminated on or within two years following a Change in Control, other than (i) by the
Company for Cause, (ii) by reason of death or Disability, or (iii) by the Executive without Good Reason, the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 6.1
(“Severance Payments”), and Section 6.2, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof. For purposes of this Agreement, the Executive’s employment shall be deemed to have
been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason, if (i) the Executive’s employment is terminated by the Company without Cause prior to a Change in Control (whether or not a
Change in Control ever occurs) and such termination was at the request or direction of a 

  
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Person who has indicated an intention or taken steps reasonably calculated to effect a Change in Control, or (ii) the Executive terminates his employment for Good Reason prior to a Change in
Control (whether or not a Change in Control ever occurs) and the circumstance or event which constitutes Good Reason occurs at the request or direction of such Person. Notwithstanding any other provision of this Agreement to the contrary, the
Severance Payments shall be payable to the Executive if and only if the Executive signs and does not revoke a release of claims agreement in a form provided by the Company (the “Release”), and the Release becomes effective and irrevocable
no later than the 60th day following the Date of Termination. If these conditions are not satisfied, then Executive will forfeit any right to the Severance Payments. To become effective and irrevocable, the Release must be executed by the Executive
and any revocation periods (as required by statute, regulation, or otherwise) must have expired without Executive having revoked the Release. 
 (A) In lieu of any further salary payments to the Executive for periods subsequent to the Date of Termination, the Company shall pay to the Executive, on the first day of the seventh month following the
month in which occurs the Executive’s Separation from Service, a lump sum severance payment, in cash, equal to [one and one half]/[two]/[two and one half] times the sum of (i) the Executive’s base salary as in effect immediately prior
to the Date of Termination or, if higher, in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, and (ii) the Executive’s target annual bonus pursuant to any annual bonus or incentive plan
maintained by the Company in respect of the fiscal year in which occurs the Date of Termination or, if higher, the fiscal year in which occurs the first event or circumstance constituting Good Reason. The amount payable pursuant to this
Section 6.1(A) shall be in lieu of any cash severance or salary continuation benefit payable to the Executive under any other plan, policy or program of the Company or any of its Affiliates (for which the Executive shall be deemed ineligible if
amounts are payable hereunder) or any written employment agreement between the Executive and the Company or any of its Affiliates. 
 (B) Subject to the limitations specified below in this Section 6.1(B), for the 18 month period immediately following the Date of Termination, the Company shall arrange to provide the Executive and
his dependents life, accident and health insurance benefits substantially similar to those provided to the Executive and his dependents immediately prior to the Date of Termination or, if more favorable to the Executive, those provided to the
Executive and his dependents immediately prior to the first occurrence of an event or circumstance constituting Good Reason. The Company will provide these life and accident insurance benefits at no greater cost to the Executive than the cost to the
Executive immediately prior to the date or occurrence specified in the first sentence of this Section 6.1(B). The Company will either pay directly, or reimburse the Executive for, the entire cost otherwise payable by the Executive for these
health insurance benefits. Unless the Executive consents to a different method (after taking into account the effect of such method on the calculation of “parachute payments” pursuant to Section 6.2 hereof), such life, accident and
health insurance benefits shall be provided through a third-party insurer and the premiums for that insurance (to the extent paid directly by the Company or reimbursed by the Company to the Executive) will be included in the Executive’s income
for tax purposes to the extent required by applicable law. The Company may withhold from any such direct payment or reimbursement an amount sufficient to cover the amount of required withholding. Benefits otherwise receivable by the Executive
pursuant to this Section 6.1(B) shall be reduced to the extent benefits of the same type are received by or made available to the Executive by another employer during the 18 month period following the Executive’s termination of employment
(and any such benefits received by or made available to the Executive shall be reported to the Company by the Executive); provided, however, that the Company shall reimburse the Executive for the excess, if any, of the cost of such benefits to the
Executive over such cost immediately prior to the Date of Termination or, if more favorable to the Executive, the first occurrence of an 

  
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event or circumstance constituting Good Reason. Notwithstanding anything in this Section 6.1(B) to the contrary, with respect to the first six months following the Executive’s
Separation from Service, if the premiums payable by the Company for group term life insurance on the Executive’s life exceeds the amount of the “limited payments” exemption set forth in Section 1.409A-1(b)(9)(v)(B) of the Income
Tax Regulations (or any successor provision thereto), then, to the extent required in order to comply with Code Section 409A, the Executive, in advance, shall pay to the Company an amount equal to the premiums for any such life insurance
policy, other than with respect to life insurance coverage to which the Executive would be entitled independent of this Agreement. Promptly following the end of such six month period, the Company will make a cash payment to the Executive equal to
the difference between the aggregate amount paid by the Executive for such coverage and the amount that the Executive would have paid for such life insurance coverage if such cost had been determined pursuant to this Section 6.1(B) other than
the preceding sentence. 
 (C) Unless payable to the Executive under the terms of any annual incentive plan, the
Company shall pay to the Executive, on the first day of the seventh month following the month in which occurs the Executive’s Separation from Service, a lump sum amount, in cash, equal to the sum of (i) any unpaid annual bonus which has
been allocated or awarded to the Executive for a completed fiscal year preceding the Date of Termination under any such plan and which, as of the Date of Termination, is contingent only upon the continued employment of the Executive to a subsequent
date, and (ii) a pro rata portion of the annual bonus awarded to the Executive for the fiscal year in which the Date of Termination occurs, calculated by multiplying the award that the Executive would have earned on the last day of the fiscal
year, assuming the achievement, at the target level, of the individual and corporate performance goals established with respect to the annual bonus, by the fraction obtained by dividing the number of days during such fiscal year through the Date of
Termination by 365. Notwithstanding the forgoing, if and to the extent the Executive had elected to defer receipt of any such unpaid annual bonus, and if the Executive’s deferral election is irrevocable as of the Date of Termination for
purposes of Code Section 409A, the amount calculated above shall be credited to the Executive’s account under the applicable deferred compensation plan in lieu of being distributed directly to the Executive. 

(D) The benefits then accrued by or payable to the Executive under the Company’s 2010 Supplemental Executive
Retirement Plan, 2010 Pension Parity Plan, Savings Parity Plan or any successor to any such plan, and the benefits then accrued by or payable to the Executive under any other nonqualified plan providing supplemental retirement or deferred
compensation benefits shall become fully vested as of the Date of Termination notwithstanding any eligibility conditions that would otherwise apply with respect to such benefits and the benefit, as so vested, will be paid in accordance with the
terms of the applicable plan or program. 
 (E) The Company shall reimburse the Executive for expenses incurred
for outplacement services suitable to the Executive’s position for a period of twelve months following the Executive’s Separation from Service (or, if earlier, until the first acceptance by the Executive of an offer of employment) in an
amount not exceeding $50,000. 
 6.2 Notwithstanding any other provisions of this Agreement, in the event that any payment or
benefit received or to be received by the Executive in connection with a Change in Control or the termination of the Executive’s employment (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the
Company, any Person whose actions result in a Change in Control or any Person affiliated with the Company or such Person) (all such payments and benefits, including the Severance Payments, being hereinafter called “Total Payments”) would
be subject (in whole or part), to the Excise Tax, the Total Payments shall be reduced to the extent necessary so that no portion 

  
 5 

 
of the Total Payments is subject to the Excise Tax but only if (i) the net amount of such Total Payments, as so reduced (and after subtracting the net amount of federal, state and local
income taxes on such reduced Total Payments) is greater than or equal to (ii) the net amount of such Total Payments without such reduction (but after subtracting the net amount of federal, state and local income taxes on such Total Payments and
the amount of Excise Tax to which the Executive would be subject in respect of such unreduced Total Payments). 

(A) The reduction of Total Payments under this Section 6.2, if applicable, shall be made by first reducing any Total
Payments due under Section 6.1(A) hereof, and then any Total Payments due under Section 6.1(C) hereof, and then any Total Payments due under Section 6.1(E) hereof, and then any other Total Payments due in the following order:
(i) reduction of cash Total Payments, (ii) cancellation of accelerated vesting of performance-based equity awards (based on the reverse order of the date of grant), (iii) cancellation of accelerated vesting of other equity awards
(based on the reverse order of the date of grant), and (iv) reduction of any other Total Payments due to the Executive (with benefits or payments in any group having different payment terms being reduced on a pro-rata basis). 

(B) For purposes of determining whether and the extent to which the Total Payments will be subject to the Excise Tax,
(i) no portion of the Total Payments the receipt or enjoyment of which the Executive shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of Section 280G(b) of the Code shall be
taken into account, (ii) no portion of the Total Payments shall be taken into account which, in the opinion of tax counsel (“Tax Counsel”) reasonably acceptable to the Executive and selected by the accounting firm (the
“Auditor”) which was, immediately prior to the Change in Control, the Company’s independent auditor (A) does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code (including by
reason of Section 280G(b)(4)(A) of the Code) or (B) constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the Base Amount allocable to such reasonable
compensation, and (iii) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments shall be determined by the Auditor in accordance with the principles of Sections 280G(d)(3) and (4) of the Code.

 (C) At the time that payments are made under this Agreement, the Company shall provide the Executive with a
written statement setting forth the manner in which such payments were calculated and the basis for such calculations including, without limitation, any opinions or other advice the Company has received from Tax Counsel, the Auditor or other
advisors or consultants (and any such opinions or advice which are in writing shall be attached to the statement). 
 6.3 The
payments provided in subsections (A) and (C) of Section 6.1 hereof shall be made on the first day of the seventh month following the month in which occurs the Executive’s Separation from Service. At the time that payments are
made under this Agreement, the Company shall provide the Executive with a written statement setting forth the manner in which such payments were calculated and the basis for such calculations including, without limitation, any opinions or other
advice the Company has received from Tax Counsel, the Auditor or other advisors or consultants (and any such opinions or advice which are in writing shall be attached to the statement). 

6.4 The Company also shall reimburse the Executive for all legal fees and expenses incurred by the Executive in disputing in good faith
any issue hereunder relating to the termination of the Executive’s employment (provided that the Executive prevails on at least one material claim disputed by the Company), in seeking in good faith to obtain or enforce any benefit or right
provided by this 

  
 6 

 
Agreement (provided that the Executive prevails on at least one material claim disputed by the Company) or in connection with any tax audit or proceeding to the extent attributable to the
application of Section 4999 of the Code to any payment or benefit provided hereunder. Such payments shall be made within five business days after delivery of the Executive’s written requests for payment accompanied with such evidence of
fees and expenses incurred as the Company reasonably may require, or if required in order to comply with Section 409A of the Code, the first day of the seventh month following the month in which occurs the Executive’s Separation from
Service; provided that no reimbursement pursuant to this Section 6.4 shall be made later than the end of the calendar year following the calendar year in which such fee or expense was incurred. 

6.5 Notwithstanding any other provision of this Agreement, the Executive’s rights to special vesting of stock options, restricted
shares, restricted stock units and performance shares that were awarded to the Executive prior to the Effective Date (the “Prior Awards”) as those rights were set forth in the Prior Agreement shall continue in effect on the same terms and
conditions that governed such vesting under the Prior Agreement, as if that Prior Agreement continued in effect and this Agreement had not been entered into by the parties, except that, to the extent any such vesting of the Prior Awards was subject
to the Executive’s continued compliance with the covenants set forth in Section 4.2 of the Prior Agreement, such vesting will instead be subject to the Executive’s continued compliance with the covenants set forth in Section 4.2
of this Agreement. 
 7. Termination Procedures. 

7.1 Notice of Termination. After a Change in Control and during the Term, any purported termination of the Executive’s
employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with Section 10 hereof. For purposes of this Agreement, a “Notice of
Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the
Executive’s employment under the provision so indicated. Further, a Notice of Termination for Cause is required to include a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters of the entire membership of
the Board at a meeting of the Board which was called and held for the purpose of considering such termination (after reasonable notice to the Executive and an opportunity for the Executive, together with the Executive’s counsel, to be heard
before the Board) finding that, in the good faith opinion of the Board, the Executive was guilty of conduct set forth in clause (i) or (ii) of the definition of Cause herein, and specifying the particulars thereof in detail. 

7.2 Date of Termination. “Date of Termination,” with respect to any purported termination of the Executive’s
employment after a Change in Control and during the Term, shall mean (i) if the Executive’s employment is terminated for Disability, 30 days after Notice of Termination is given (provided that the Executive shall not have returned to the
full-time performance of the Executive’s duties during such 30 day period), and (ii) if the Executive’s employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of a
termination by the Company, shall not be less than 30 days (except in the case of a termination for Cause), and, in the case of a termination by the Executive, shall not be less than ten days nor more than 60 days, respectively, from the date such
Notice of Termination is given). 
 8. No Mitigation. The Company agrees that, if the Executive’s employment with
the Company terminates during the Term, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to Section 6 hereof. Further, the amount of any
payment or benefit provided for in this Agreement (other than Section 6.1(B) hereof) shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any
amount claimed to be owed by the Executive to the Company, or otherwise. 

  
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 9. Successors; Binding Agreement. 

9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company will require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession had taken place. If the successor to all or substantially all of the business and/or assets of the Company arises in connection with a transaction that constitutes a Change in Control
Event (as defined for purposes of Code Section 409A), the failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to
compensation from the Company in the same amount and on the same terms as the Executive would be entitled to hereunder if the Executive were to terminate the Executive’s employment for Good Reason after a Change in Control, except that, for
purposes of implementing the foregoing, the date of the Change in Control Event (as defined for purposes of Code Section 409A) shall be deemed the Date of Termination. If the successor to all or substantially all of the business and/or assets
of the Company arises in connection with a transaction that does not constitute a Change in Control Event (as defined for purposes of Code Section 409A), the failure of the Company to obtain such assumption and agreement prior to the
effectiveness of such succession shall be a breach of this Agreement and, following the Executive’s Separation from Service, shall entitle the Executive to Compensation from the Company in the same amount and on the same terms as the Executive
would be entitled to hereunder if the Executive were to terminate the Executive’s employment for Good Reason after a Change in Control. 
 9.2 This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and
legatees. If the Executive shall die while any amount would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) if the Executive had continued to live, all such amounts,
unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or administrators of the Executive’s estate. 

10. Notices. For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed, if to the Executive, to the address inserted below the Executive’s signature on
the final page hereof and, if to the Company, to the address set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only
upon actual receipt: 
 To the Company: 

Visteon Corporation 
 One Village Center Drive 
 Van Buren Township, MI 48111 

Attention:   General Counsel 

  
 8 

 11. Miscellaneous. Subject to Section 2 hereof, no provision of this Agreement
may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Executive and such officer as may be specifically designated by the Board. No waiver by either party hereto at any time of
any breach by the other party hereto of, or of any lack of compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at
any prior or subsequent time. Except as expressly provided in Section 6.5 hereof (with respect to the continuing relevance of the Prior Agreement to the vesting of Prior Awards in certain circumstances), (a) this Agreement supersedes any
other agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof which have been made by either party; provided, however, that this Agreement shall supersede any agreement setting forth the terms
and conditions of the Executive’s employment with the Company only in the event that the Executive’s employment with the Company is terminated on or following a Change in Control, by the Company other than for Cause or by the Executive
other than for Good Reason, and (b) the Prior Agreement is hereby terminated and of no further force or effect. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Delaware.
All references to sections of the Exchange Act or the Code shall be deemed also to refer to any successor provisions to such sections. Any payments provided for hereunder shall be paid net of any applicable withholding required under federal, state
or local law and any additional withholding to which the Executive has agreed. In addition, if prior to the date of payment of the Severance Payments hereunder, the taxes imposed under Sections 3101, 3121(a) and 3121(v)(2), where applicable, become
due, the Company may provide for an immediate payment of the amount needed to pay the Executive’s portion of such tax (plus an amount equal to the taxes that will be due on such amount) and the Executive’s Severance Payments shall be
reduced accordingly. The obligations of the Company and the Executive under this Agreement which by their nature may require either partial or total performance after the expiration of the Term (including, without limitation, those under
Section 6 hereof) shall survive such expiration. 
 12. Validity. The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 13. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.

 14. Settlement of Disputes. All claims by the Executive for benefits under this Agreement shall be directed to and
determined by the Board and shall be in writing. Any denial by the Board of a claim for benefits under this Agreement shall be delivered to the Executive in writing and shall set forth the specific reasons for the denial and the specific provisions
of this Agreement relied upon. The Board shall afford a reasonable opportunity to the Executive for a review of the decision denying a claim and shall further allow the Executive to appeal to the Board a decision of the Board within 60 days after
notification by the Board that the Executive’s claim has been denied. The Executive acknowledges that to avoid an additional tax on payments that may be payable or benefits that may be provided under this Agreement and that constitute deferred
compensation that is not exempt from Section 409A of the Code, the Executive must make a reasonable, good faith effort to collect any payment or benefit to which the Executive believes the Executive is entitled hereunder no later than 90 days
after the latest date upon which the payment could have been made or benefit provided under this Agreement, and if not paid or provided, must take further enforcement measures within 180 days after such latest date. 

15. Definitions. For purposes of this Agreement, the following terms shall have the meanings indicated below: 

(A) “Affiliate” shall have the meaning set forth in Rule 12b-2 promulgated under Section 12 of the Exchange
Act. 

  
 9 

 (B) “Auditor” shall have the meaning set forth in Section 6.2
hereof. 
 (C) “Base Amount” shall have the meaning set forth in Section 280G(b)(3) of the Code.

 (D) “Beneficial Owner” shall have the meaning set forth in Rule 13d-3 under the Exchange Act.

 (E) “Board” shall mean the Board of Directors of the Company. 

(F) “Cause” for termination by the Company of the Executive’s employment shall mean (i) the willful
and continued failure by the Executive to substantially perform the Executive’s duties with the Company (other than any such failure resulting from the Executive’s incapacity due to physical or mental illness or any such actual or
anticipated failure after the issuance of a Notice of Termination for Good Reason by the Executive pursuant to Section 7.1 hereof) after a written demand for substantial performance is delivered to the Executive by the Board, which demand
specifically identifies the manner in which the Board believes that the Executive has not substantially performed the Executive’s duties, or (ii) the willful engaging by the Executive in conduct which is demonstrably and materially
injurious to the Company or its subsidiaries, monetarily or otherwise. For purposes of clauses (i) and (ii) of this definition, no act, or failure to act, on the Executive’s part shall be deemed “willful” unless done, or
omitted to be done, by the Executive not in good faith and without reasonable belief that the Executive’s act, or failure to act, was in the best interest of the Company. 

(G) “Change in Control” shall be deemed to have occurred if the event set forth in any one of the following
paragraphs shall have occurred: 
 (I) any Person is or becomes the Beneficial Owner, directly or indirectly, of
securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its affiliates) representing 40% or more of the combined voting power of the Company’s then
outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (a) of paragraph (III) below; 

(II) within any twelve month period, the following individuals cease for any reason to constitute a majority of the
number of directors then serving: individuals who, at the beginning of the twelve month period, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or
recommended by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the twelve month period or whose appointment, election or nomination for election was previously so approved or
recommended (for these purposes, (x) a threatened election contest will be deemed to have occurred only if any person or entity publicly announces a bona fide intention to engage in an election contest, including but not limited to a
consent solicitation, relating to the election of directors of the Company, and (y) a withhold vote campaign with respect to any director will not by itself constitute an actual or threatened election contest); 

  
 10 

 (III) there is consummated a merger or consolidation of the Company or any
direct or indirect subsidiary of the Company with any other corporation, other than (a) a merger or consolidation which results in the directors of the Company immediately prior to such merger or consolidation continuing to constitute at least
a majority of the board of directors of the Company, the surviving entity or any parent thereof or (b) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes
the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing 40% or more of the
combined voting power of the Company’s then outstanding securities; or 
 (IV) the shareholders of the
Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of more than 50% of the Company’s assets, other than a sale or disposition by the
Company of more than 50% of the Company’s assets to an entity, at least 50% of the combined voting power of the voting securities of which are owned by shareholders of the Company in substantially the same proportions as their ownership of the
Company immediately prior to such sale. 
 Notwithstanding the foregoing, a “Change in Control” shall not be deemed to
have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the common stock of the Company immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions. 

(H) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

(I) “Company” shall mean Visteon Corporation, a Delaware corporation, and, except in determining under
Section 15(G) hereof whether or not any Change in Control of the Company has occurred, shall include any successor to its business and/or assets which assumes and agrees to perform this Agreement by operation of law, or otherwise. 

(J) “Competing Business” shall have the meaning set forth in Section 4.2 hereof. 

(K) “Date of Termination” shall have the meaning set forth in Section 7.2 hereof. 

(L) “Disability” shall be deemed the reason for the termination by the Company of the Executive’s
employment, if, as a result of the Executive’s incapacity due to physical or mental illness, the Executive shall have been absent from the full-time performance of the Executive’s duties with the Company for a period of six consecutive
months, the Company shall have given the Executive a Notice of Termination for Disability, and, within 30 days after such Notice of Termination is given, the Executive shall not have returned to the full-time performance of the Executive’s
duties. 
 (M) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to
time. 
 (N) “Excise Tax” shall mean any excise tax imposed under Section 4999 of the Code.

 (O) “Executive” shall mean the individual named in the first paragraph of this Agreement.

  
 11 

 (P) “Good Reason” for termination by the Executive of the
Executive’s employment shall mean the occurrence (without the Executive’s express written consent) after any Change in Control, or prior to a Change in Control under the circumstances described in either of clauses (i) or (ii) of
the second sentence of Section 6.1 hereof (treating all references in paragraphs (I) through (VI) below to a “Change in Control” as references to a “Potential Change in Control”), of any one of the following acts by the
Company, or failures by the Company to act, unless, in the case of any act or failure to act described in paragraph (I), (IV), or (V) below, such act or failure to act is corrected prior to the Date of Termination specified in the Notice of
Termination given in respect thereof: 
 (I) the assignment to the Executive of any duties inconsistent with the
Executive’s position, authority, duties or responsibilities (in a materially adverse respect) or a material adverse alteration in the nature of the Executive’s responsibilities from those in effect immediately prior to the Change in
Control; 
 (II) a reduction by the Company in the Executive’s annual base salary as in effect on the date
hereof or as the same may be increased from time to time, except for across-the-board salary reductions similarly affecting all senior executives of the Company and all senior executives of any Person in control of the Company; 

(III) the relocation of the Executive’s principal place of employment to a location more than 50 miles from the
Executive’s principal place of employment immediately prior to the Change in Control or the Company’s requiring the Executive to be based anywhere other than such principal place of employment (or permitted relocation thereof) except for
required travel on the Company’s business to an extent substantially consistent with the Executive’s present business travel obligations; 
 (IV) the failure by the Company to pay to the Executive any portion of the Executive’s current compensation, or to pay to the Executive any portion of an installment of deferred compensation under
any deferred compensation program of the Company, within seven days of the date such compensation is due; 
 (V)
a ten percent or greater reduction, on an aggregate basis, of Executive’s annual and long term incentive opportunity as in effect at the time of the Change in Control (except for across the board changes similarly affecting all senior
executives of the Company and all senior executives of any Person in control of the Company), or a ten percent or greater reduction, on an aggregate basis, of Executive’s pension, savings, life insurance, medical, health and accident, or
disability benefits as in effect at the time of the Change in Control (except for across the board changes similarly affecting all senior executives of the Company and all senior executives of any Person in control of the Company), or the material
reduction in the number of paid vacation days to which the Executive was entitled on the basis of years of service with the Company in accordance with the Company’s normal vacation policy in effect at the time of the Change in Control; or

 (VI) any purported termination of the Executive’s employment which is not effected pursuant to a Notice
of Termination satisfying the requirements of Section 7.1 hereof; for purposes of this Agreement, no such purported termination shall be effective. 

  
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 Notwithstanding anything contained herein to the contrary, a termination of the
Executive’s employment by the Executive shall not be deemed to be for Good Reason unless (x) the Executive gives notice to the Company of the existence of the event or condition constituting Good Reason within 45 calendar days after such
event or condition initially occurs or exists, (y) the Company fails to cure such event or condition within ten business days after receiving such notice, and (z) the Executive terminates his employment within ten business days after the
Company’s cure period expires. The Executive’s right to terminate the Executive’s employment for Good Reason shall not be affected by the Executive’s incapacity due to physical or mental illness. The Executive’s continued
employment shall not constitute consent to, or a waiver of rights with respect to, any act or failure to act constituting Good Reason hereunder. 
 (Q) “Notice of Termination” shall have the meaning set forth in Section 7.1 hereof. 
 (R) “Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include
(i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, (iii) an underwriter temporarily holding securities pursuant to
an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 

(S) “Potential Change in Control” shall be deemed to have occurred if the event set forth in any one of the
following paragraphs shall have occurred: 
 (I) the Company enters into an agreement, the consummation of which
would result in the occurrence of a Change in Control; 
 (II) the Company or any Person publicly announces an
intention to take or to consider taking actions which, if consummated, would constitute a Change in Control; 

(III) any Person becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 15% or
more of either the then outstanding shares of common stock of the Company or the combined voting power of the Company’s then outstanding securities (not including in the securities beneficially owned by such Person any securities acquired
directly from the Company or its affiliates); or 
 (IV) the Board adopts a resolution to the effect that, for
purposes of this Agreement, a Potential Change in Control has occurred. 
 (T) “Prior Agreement” shall
have the meaning set forth in the final whereas clause hereof. 
 (U) “Prior Award” shall have the
meaning set forth in Section 6.5 hereof. 
 (V) “Release” shall have the meaning set forth in
Section 6.1 hereof 
 (W) “Retirement” shall be deemed the reason for the termination by the
Executive of the Executive’s employment if such employment is terminated in accordance with the Company’s retirement policy, including early retirement, generally applicable to its salaried employees. 

(X) “Separation from Service” means the date on which the Executive separates from service (within the meaning
of Code Section 409A) from the Company when the Company and Executive reasonably anticipate that no further services will be performed by the Executive for the Company after that date or that the level of bona fide services the Executive will
perform after 

  
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such date as an employee of the Company will permanently decrease to no more than 20% of the average level of bona fide services performed by the Executive (whether as an employee or independent
contractor) for the Company over the immediately preceding 36-month period (or such lesser period of services). For purposes of this definition, the term Company includes each other corporation, trade or business that, with the Company, constitutes
a controlled group of corporations or group of trades or businesses under common control within the meaning of Code Sections 414(b) or (c), applied by substituting “at least 50 percent” for “at least 80 percent” each place it
appears, and the term “Company” shall be deemed to refer collectively to the Company and each other controlled group member as so defined. An Executive is not considered to have incurred a Separation from Service if the Executive is absent
from active employment due to military leave, sick leave or other bona fide leave of absence if the period of such leave does not exceed the greater of (i) six months, or (ii) the period during which the Executive’s right to
reemployment by the Company is provided either by statute or by contract; provided that if the leave of absence is due to a medically determinable physical or mental impairment that can be expected to result in death or last for a continuous period
of not less than six months, where such impairment causes the Executive to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, the leave may be extended for up to 29 months
without causing the Executive to have incurred a Separation from Service. 
 (Y) “Severance Payments”
shall have the meaning set forth in Section 6.1 hereof. 
 (Z) “Tax Counsel” shall have the
meaning set forth in Section 6.2 hereof. 
 (AA) “Term” shall mean the period of time described
in Section 2 hereof (including any extension, continuation or termination described therein). 
 (BB)
“Total Payments” shall mean those payments so described in Section 6.2 hereof. 
 IN WITNESS WHEREOF, the parties
have duly executed this Agreement to be effective as of the Effective Date. 
  

			
	VISTEON CORPORATION
		
	 By:
	 	 
		 	 Name:

		 	 Title:

  

			
	 EXECUTIVE

		
	 	 	 
		
	 Address:
	 	 
		
		 	 

  
 14

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