Document:

EX-10.1

 EXHIBIT 10.1 
 GENTHERM INCORPORATED 
 2013 EQUITY INCENTIVE PLAN 

STOCK OPTION AWARD AGREEMENT 
 Gentherm Incorporated, a Michigan corporation (the “Corporation”), as permitted by the Gentherm Incorporated 2013 Equity Incentive Plan (the “Plan”), hereby
grants to the individual listed below (the “Participant”), an option to purchase shares of the Corporation’s common stock (“Option”) as described herein, subject to the terms and conditions of the
Plan and this Stock Option Award Agreement (this “Agreement”). 
 Unless otherwise defined in this
Agreement, the terms used in this Agreement have the same meaning as defined in the Plan. 
 1. NOTICE
OF STOCK APPRECIATION RIGHT. 
 Participant: 

Grant Date: 
 Expiration Date: 
 Number of Shares of Subject to this Option:

 Per Share Exercise Price (the “Exercise Price”): 

Type of Option:
                                         
                               ̈ Incentive Option

                       
                                         
                                    
 ̈ Nonqualified Option 
 2. GRANT OF
OPTION. The Corporation hereby grants to the Participant, as of the Grant Date, an Option to purchase the number of shares of the Corporation’s common stock (the “Shares”) specified
above. [    ]. 
 3. SPECIAL ISO PROVISIONS. If
designated as an Incentive Option in Section 1, this Option is intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated
thereunder (the “Code”), to the extent allowable under Section 422 of the Code, and shall otherwise be treated as a Nonqualified Option to the extent such Option fails to meet the requirements under Section 422 of
the Code. To the extent that the aggregate fair market value (determined on the Grant Date in the Discretion of the Committee) of Shares with respect to which this Option is first exercisable by the Participant during any calendar year under all
plans of the Corporation and its Subsidiaries exceeds $100,000, the Option or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as a Nonqualified Option. It should be understood that there
is no assurance that the Option will, in fact, be treated as an Incentive Option. If any portion of this Option shall fail to qualify as an Incentive Option, it shall be treated as a Nonqualified Option. By acceptance of this Option, Participant
acknowledges and agrees that if Participant sells or otherwise disposes of Shares acquired upon 

 
the exercise of an Incentive Option within one year from the date such Shares were acquired or two years from the Grant Date, Participant agrees to deliver a written report to the Corporation
within 10 days following the sale or other disposition of such Shares, detailing the net proceeds of such sale or disposition and such other information as may be reasonably requested by the Corporation. 

4. VESTING. 
 (a) Vesting. Subject to the Participant’s continued service with the Corporation or its Subsidiaries unless otherwise provided in Section 4(b) and Section7 below, the Option shall become
vested and may be exercised in accordance with the following schedule: 
  

			
	 Anniversary of Grant Date
 (each, a “Vesting Date”)
	  	Cumulative Vested Percentage
		  	
		  	

 (b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may,
in its sole Discretion, provide for accelerated vesting of the Option at any time and for any reason. 
 5. Exercise.

 (a) Method of Exercise. This Option shall be exercisable during its term by written notice (in the form attached hereto
as Exhibit A), which shall state the election to exercise the Option and the number of Shares as to which the Option is to be exercised (an “Option Exercise Election”). Such written notice shall be signed by the
Participant and shall be delivered in person, by certified mail or by such other means as approved in writing by the Corporation and which results in written confirmation of actual receipt to the Secretary of the Corporation. Such Option shall be
deemed to be exercised upon receipt by the Corporation of such written notice, together with the aggregate Exercise Price due upon such exercise price and any applicable withholding taxes. In no event may this Option be exercised for less than the
lesser of (i) 500 Shares and (ii) the number of unexercised Shares remaining under this Option. The Participant may exercise this Option only for whole Shares; the Corporation shall not be required to issue any fractional Shares under any
circumstances. 
 (b) Conditions on Exercise. The Committee may suspend the right to exercise the Option during
any period for which the Committee determines, in its sole Discretion, that such suspension would be necessary or advisable in order to comply with the requirements of (i) any applicable federal securities law or rule or regulation thereunder,
(ii) any rule of a national securities exchange, national securities association, or other self-regulatory organization, (iii) any other federal or state law or regulation or (iv) any written policy of the Corporation in effect on the
date of the proposed exercise (each an “Option Exercise Suspension”). Notwithstanding the foregoing, no Option Exercise Suspension shall extend the term of this Option beyond the original expiration of the Option or in
a manner that would otherwise result in the Option becoming nonqualified deferred compensation subject to Section 409A of the Code. 

  
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 (c) Delivery of Shares. As soon as practicable after the Corporation receives
payment for the Shares purchased upon exercise, it shall either deliver a certificate or certificates representing the Shares purchased to the Participant or his designee or evidence such transfer of ownership by the appropriate entry on the books
of the Corporation or of a duly authorized transfer agent of the Company. Such certificate, if issued, shall be registered in the name of the Participant, or the names of such individuals that are permitted transferees under the terms of the Plan.
 
 6. PAYMENT UPON EXERCISE. Upon exercise of all or any portion of
this Option, Participant must pay the full amount of the Exercise Price for the Shares to be purchased. Payment shall be in cash, personal check or by certified or bank cashier’s check payable to the order of the Corporation, free from all
collection charges; provided, however, that payment may be made, at the Corporation’s option, (i) in Shares owned by the Participant having a Fair Market Value on the date of exercise equal to the aggregate Exercise Price, (ii) by a
“net exercise” arrangement pursuant to which the Corporation will reduce the number of Shares issued upon exercise of the Option by the largest whole number of Shares with a Fair Market Value that does not exceed the aggregate Exercise
Price (any remaining balance of the aggregate Exercise Price not satisfied by the “net exercise” must be paid in cash), or (iii) in a combination of cash and Shares. For these purposes, “Fair Market Value” shall mean the
closing price for one Share as reported by the principal stock exchange on which the Shares are traded on the date that the Option Exercise Election (as defined below) is received by the Corporation; provided, however, that if an Option Exercise
Election is received after the close of trading for a particular day but prior to the opening of trading for the following trading day, then the closing price for one Share as of the most-recent close of trading on such exchange will be deemed to be
the Fair Market Value, even if such close occurred on a previous day. 
 7. TERMINATION OF
SERVICES; FORFEITURE. Notwithstanding any other provision of this Agreement, upon a termination of Participant’s services with the Corporation and its Subsidiaries, (i) regardless of the
reason for such termination, the unvested portion of this Option shall be immediately canceled and terminated, (ii) unless such termination of Participant’s services was for “cause” (as determined by the Committee in its sole
Discretion), the vested portion of this Option shall be exercisable for a period of 90 days following such termination and (iii) if the termination of Participant’s services with the Corporation and its Subsidiaries was for
“cause” (as determined by the Committee in its sole Discretion), the vested portion of this Option shall be immediately canceled and terminated. 
 8. RIGHTS AS STOCKHOLDER. Participant shall have no rights as a stockholder of the Corporation in respect of any Shares covered by this
Option until such Shares have been paid for in full and issued to the Participant. 
 9. ADJUSTMENTS. In
the event of any stock dividend, reclassification, subdivision or combination, or similar transaction affecting this Option, the rights of the Participant will be adjusted as provided in Section 5(d) of the Plan. 

10. NON-TRANSFERABILITY OF OPTION. Without the express
written consent of the Committee, which may be withheld for any reason in its sole Discretion, the Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and

  
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may be exercised during the Participant’s lifetime only by the Participant. The terms of the Plan and this Agreement shall be binding upon the Participant’s executors, administrators,
heirs, successors and assigns. Any attempt to transfer the Option in any manner, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and without legal force or effect. 

11. TAX WITHHOLDING. The Participant hereby agrees that the Corporation or its Subsidiaries may take
any reasonable actions necessary to comply with income and employment tax withholding obligations as may be required of the Corporation or any Subsidiary under applicable law on account of this Option. Participant acknowledges and agreements that at
the time of exercise, and at any time thereafter as requested by the Corporation, the Participant hereby authorizes withholding from payroll and any other amounts payable to Participant, and otherwise agree to make adequate provision for (including
by means of a broker assisted cashless exercise), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Corporation or its Subsidiaries, if any, which arise in connection with such exercise.

 12. THE PLAN; AMENDMENT. This Option is subject in all
respects to the terms, conditions, limitations and definitions contained in the Plan. In the event of any discrepancy or inconsistency between this Agreement and the Plan, the terms and conditions of the Plan shall control. The Committee shall have
the right, in its sole Discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Corporation and the Participant.
The Corporation shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 
 13. RIGHTS OF PARTICIPANTS; REGULATORY REQUIREMENTS. Without limiting the generality of any other provision of this
Agreement or the Plan, Sections 21 and 22 of the Plan pertaining to the Participants’ rights and certain regulatory requirements (as such term is defined in the Plan) are hereby explicitly incorporated into this Agreement. 

14. NOTICES. Notices hereunder shall be mailed or delivered to the Corporation at its principal
place of business and shall be mailed or delivered to the Participant at the address on file with the Corporation or, in either case, at such other address as one party may subsequently furnish to the other party in writing. 

15. GOVERNING LAW. This Agreement shall be legally binding and shall be executed and construed and
its provisions enforced and administered in accordance with the laws of the State of Michigan, without regard to its choice of law or conflict of law provisions that would cause the application of the laws of any jurisdiction other than the State of
Michigan. 
 16. TRANSFER OF PERSONAL DATA.
The Participant authorizes, agrees and unambiguously consents to the transmission by the Corporation (and its Subsidiaries) of any personal data information related to this Option for legitimate business purposes (including, without limitation, the
administration of the Plan). This authorization and consent is freely given by the Participant. 

  
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 17. BINDING AGREEMENT;
ASSIGNMENT. This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Corporation and its successors and assigns. The Participant shall not assign (except in accordance with
Section 9 hereof) any part of this Agreement without the prior express written consent of the Corporation. 
 18.
HEADINGS. The titles and headings of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. 

19. COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be
deemed to be an original, but all of which shall constitute one and the same instrument. 
 20.
SEVERABILITY. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such
jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by
law. 
 21. ACQUIRED RIGHTS. The Participant acknowledges and agrees that:
(a) the Corporation may terminate or amend the Plan at any time; (b) the award of the Option made under this Agreement is completely independent of any other award or grant and is made at the sole Discretion of the Corporation; (c) no
past grants or awards (including, without limitation, the Option awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the
Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, redundancy or resignation. 
 22. RESTRICTIVE COVENANTS; COMPENSATION RECOVERY. By signing this Agreement, Participant acknowledges and agrees that the Option subject
to this Award or any Award previously granted to Participant by the Corporation or a Subsidiary shall (1) be subject to forfeiture as a result of the Participant’s violation of any agreement with the Corporation regarding non-competition,
non-solicitation, confidentiality, inventions and/or other restrictive covenants (the “Restricted Covenant Agreements”), and (2) shall be subject to forfeiture and/or recovery under any compensation recovery policy that
may be adopted from time to time by the Corporation or any of its Subsidiaries. For avoidance of doubt, compensation recovery rights to Shares (including Shares acquired under previously granted equity awards) shall extend to the proceeds realized
by the Participant due to the sale or other transfer of Shares. The Participant’s prior execution of the Restricted Covenant Agreements was a material inducement for the Corporation’s grant of this Award. 

SIGNATURE PAGE FOLLOWS 

  
 5 

					
		 	GENTHERM INCORPORATED
			
	Dated:                     ,
        	 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 PARTICIPANT ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS STOCK OPTION AWARD AGREEMENT, NOR IN THE
CORPORATION’S 2013 EQUITY INCENTIVE PLAN, WHICH IS INCORPORATED INTO THIS AGREEMENT BY REFERENCE, CONFERS ON PARTICIPANT ANY RIGHT WITH RESPECT TO CONTINUATION AS A SERVICE PROVIDER OF THE CORPORATION OR ANY PARENT OR ANY SUBSIDIARY OR
AFFILIATE OF THE CORPORATION, NOR INTERFERES IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE CORPORATION’S RIGHT TO TERMINATE PARTICIPANT’S SERVICE RELATIONSHIP AT ANY TIME, WITH OR WITHOUT CAUSE AND WITH OR WITHOUT PRIOR NOTICE.

 BY ACCEPTING THIS AGREEMENT, PARTICIPANT ACKNOWLEDGES RECEIPT OF A COPY OF THE PLAN AND REPRESENTS THAT THE PARTICIPANT IS
FAMILIAR WITH THE TERMS AND PROVISIONS OF THE PLAN. PARTICIPANT ACCEPTS THIS OPTION SUBJECT TO ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. PARTICIPANT HAS REVIEWED THE PLAN AND THIS AGREEMENT IN THEIR ENTIRETY. PARTICIPANT AGREES TO ACCEPT AS
BINDING, CONCLUSIVE AND FINAL ALL DECISIONS OR INTERPRETATIONS OF THE COMMITTEE UPON ANY QUESTIONS ARISING UNDER THE PLAN OR THIS AGREEMENT. 
  

					
	Dated:                     ,
        	 	By:	 	  

		 	Name:	 	

 EXHIBIT A 
 GENTHERM INCORPORATED 
 STOCK OPTION EXERCISE NOTICE 

Gentherm Incorporated 
 21680 Haggerty Road,
Ste. 101 
 Northville, MI 48167 

Attention: Corporate Secretary 
 Date of
Exercise:                      
 This constitutes notice to Gentherm Incorporated (the “Corporation”) under my Option that I elect to purchase the below number of shares of common stock of the Corporation (the
“Shares”) for the price set forth below. 
  

							
	 Type of Option (check one):
	  	 	Incentive  ̈	  	  	Nonqualified  ̈
		  	  
	  

			
	 Stock Option dated:
	  				  	
		  	  
	  

			
	 Number of Shares as to which Option is exercised:
	  				  	
		  	  
	  

			
	 Certificates to be issued, or book entry to made, in name of:
	  				  	
		  	  
	  

			
	 Total exercise price:
	  	$	 	  	  	
		  	  
	  

			
	 Cash payment delivered herewith:
	  	$	 	  	  	
		  	  
	  

			
	 [Value of             Shares delivered herewith1:
	  	$	]	  	  	
		  	  
	  

			
	 [Value of             Shares pursuant to net exercise2:
	  	$	]	  	  	
		  	  
	  

  
  

	1 	 Shares must meet the public trading requirements set forth in the Option. Shares must be valued in accordance with the terms of the Option being
exercised, and must be owned free and clear of any liens, claims, encumbrances or security interests. Certificates must be endorsed or accompanied by an executed assignment separate from certificate. 

	2 	 The Option must be a Nonqualified Option, and Gentherm Incorporated must have established net exercise procedures at the time of exercise, in order to
utilize this payment method. 

 By this exercise, I agree (i) to provide such additional documents as you may require
pursuant to the terms of the Gentherm Incorporated 2013 Equity Incentive Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding obligation, if any, relating to the exercise of this Option, and
(iii) if this exercise relates to an Incentive Option, to notify you in writing within 15days after the date of any disposition of any of the Shares issued upon exercise of this Option that occurs within 2 years after the Date of Grant of
this Option or within 1 year after such Shares are issued upon exercise of this Option. 
 Very truly yours, 

 

			
	By:	 	  

	 Name:
	 	  

		
	 Address:
	 	  

	  

  
 2EX-10.2

 EXHIBIT 10.2 
 GENTHERM INCORPORATED 
 2013 EQUITY INCENTIVE PLAN 

STOCK APPRECIATION RIGHT AWARD AGREEMENT 
 Gentherm Incorporated, a Michigan corporation (the “Corporation”), as permitted by the Gentherm Incorporated 2013 Equity Incentive Plan (the “Plan”), hereby
grants to the individual listed below (the “Participant”), a Stock Appreciation Right (each a “SAR” and, collectively, this “SAR Award”) as described herein, subject to the
terms and conditions of the Plan and this Stock Appreciation Right Award Agreement (this “Agreement”). 

Unless otherwise defined in this Agreement, the terms used in this Agreement have the same meaning as defined in the Plan. 

1. NOTICE OF STOCK APPRECIATION RIGHT. 

Participant: 
 Grant Date: 
 Expiration Date: 

Per Share Exercise Price (the “Exercise Price”): 

Number of Shares of Subject to this SAR Award: 
 2. GRANT OF SAR AWARD. The Corporation hereby grants to the Participant, as of the Grant Date, SARs on the number of shares of the
Corporation’s common stock (the “Shares”) specified above. This SAR Award represents the right, upon exercise, to receive a cash payment only of an amount determined by multiplying (a) the difference between the
fair market value of a Share on the date of exercise (the “Fair Market Value”) over the Exercise Price, by (b) the number of Shares with respect to which the SAR Award is exercised (the product of (a) and
(b) shall be referred to as the “SAR Payment Amount”). In no event shall this SAR Award entitle Participant to receive any Shares. For purposes of computing the SAR Payment Amount, the Fair Market Value shall mean the
closing price for one Share as reported by the principal stock exchange on which the Shares are traded on the date that the SAR Exercise Election (as defined below) is received by the Corporation; provided, however, that if an SAR Exercise Election
is received after the close of trading for a particular day but prior to the opening of trading for the following trading day, then the closing price for one Share as of the most-recent close of trading on such exchange will be deemed to be the Fair
Market Value, even if such close occurred on a previous day. 

 3. VESTING. 

(a) Vesting. Subject to the Participant’s continued service with the Corporation or its Subsidiaries unless otherwise
provided in Section 4(b) and Section 6 below, the SARs shall become vested and may be exercised in accordance with the following schedule: 
  

			
	 Anniversary of Grant Date
 (each, a “Vesting Date”)
	  	Cumulative Vested Percentage
	First	  	        %
	[Etc.]	  	        %

 (b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may,
in its sole discretion, provide for accelerated vesting of the SARs at any time and for any reason. 
 4.
EXERCISE. 
 (a) Method of Exercise. This SAR Award shall be exercisable by written
notice (in the form attached hereto as Exhibit A), which shall state the election to exercise the SARs and the number of Shares as to which the SARs are to be exercised (an “SAR Exercise Election”). Such written notice
shall be signed by the Participant and shall be delivered in person, by certified mail or by such other means as approved in writing by the Corporation and which results in written confirmation of actual receipt to the Secretary of the Corporation.
Such SARs shall be deemed to be exercised upon receipt by the Corporation of such written notice. In no event may this SAR Award be exercised for less than the lesser of (i) 500 Shares and (ii) the number of unexercised Shares remaining
under this SAR Award. 
 (b) Conditions on Exercise. The Committee may suspend the right to exercise the SARs during any
period for which the Committee determines, in its sole discretion, that such suspension would be necessary or advisable in order to comply with the requirements of (i) any applicable federal securities law or rule or regulation thereunder,
(ii) any rule of a national securities exchange, national securities association, or other self-regulatory organization, (iii) any other federal or state law or regulation or (iv) any written policy of the Corporation in effect on the
date of the proposed exercise (each an “SAR Exercise Suspension”). Notwithstanding the foregoing, no SAR Exercise Suspension shall extend the term of this SAR Award beyond the Expiration Date (as defined below) or in a manner
that would otherwise result in the SARs becoming nonqualified deferred compensation subject to Section 409A of the Code. 

5. SETTLEMENT OF SAR. Settlement of the SAR Payment Amount shall be made by delivering a cash
payment to the Participant equal to the SAR Payment Amount. Such payment shall be made within 30 days following an SAR Exercise Election, and shall be subject to any applicable tax withholding obligations. The Corporation may direct that any of its
Subsidiaries (a “Designated Subsidiary”) deliver the SAR Payment Amount, subject to any applicable tax withholding obligations, to the Participant and, in such case, such payment shall be treated as having been made directly
by such Designated Subsidiary to the Participant. If this SAR Award remains outstanding on the Expiration Date and any portion of this SAR Award has vested but not been exercised on the Expiration Date, the entire remaining vested but unexercised
portion of this SAR Award shall be deemed to have been exercised as of the Expiration Date and such automatic exercise shall be treated as an SAR Exercise Election. 

  
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 6. TERMINATION OF SERVICES;
FORFEITURE. 
 (a) General. Notwithstanding any other provision of this Agreement, upon
a termination of Participant’s services with the Corporation and its Subsidiaries, (i) regardless of the reason for such termination, each unvested SAR shall be immediately canceled and terminated, (ii) unless such termination of
Participant’s services was for “cause” (as determined by the Committee in its sole discretion), each vested SAR shall be exercisable for a period of ninety (90) days following such termination and, if not exercised prior to the
end of such ninety (90) day period, shall be deemed to have been exercised as of the last day of such ninety (90) day period and such automatic exercise shall be treated as an SAR Exercise Election and (iii) if the termination of
Participant’s services with the Corporation and its Subsidiaries was for “cause” (as determined by the Committee in its sole discretion), each vested SAR shall be immediately canceled and terminated. 

(b) Expiration. For clarity, this SAR Award shall expire and shall no longer be exercisable when all of the SARs hereunder have
been either exercised or canceled and terminated. 
 7. RIGHTS AS
STOCKHOLDER. Participant shall have no rights as a stockholder with respect to any Shares subject to this SAR Award. 
 8. ADJUSTMENTS. In the event of any stock dividend, reclassification, subdivision or combination, or similar transaction affecting this SAR Award, the rights of the Participant will
be adjusted as provided in Section 5(d) of the Plan. 
 9. NON-TRANSFERABILITY
OF SAR. Without the express written consent of the Committee, which may be withheld for any reason in its sole discretion, the SARs may not be transferred in any manner otherwise than by will or by the laws of descent or
distribution and may be exercised during the Participant’s lifetime only by the Participant. The terms of the Plan and this Agreement shall be binding upon the Participant’s executors, administrators, heirs, successors and assigns. Any
attempt to transfer the SARs in any manner, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and without legal force or effect. 
 10. TAX WITHHOLDING. The Participant hereby agrees that the Corporation or any applicable Designated Subsidiary may take any reasonable actions necessary to comply
with income and employment tax withholding obligations as may be required of the Corporation or any applicable Designated Subsidiary under applicable law on account of this SAR Award. Pursuant to Section 5 above, any such withholding required
as a result of delivery of a SAR Payment Amount shall be taken from such SAR Payment Amount to the extent possible. Any withholding required of the Corporation as a result of the delivery of this SAR Award or for any other reason that cannot be
taken immediately from a SAR Payment Amount may be withheld from payroll or other amounts payable to Participant. 
 11.
THE PLAN; AMENDMENT. This SAR Award is subject in all respects to the terms, conditions, limitations and definitions contained in the Plan. In the event of any discrepancy or
inconsistency between this Agreement and the Plan, the terms and conditions of 

  
 3 

 
the Plan shall control. The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This
Agreement may also be modified or amended by a writing signed by both the Corporation and the Participant. The Corporation shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable
after the adoption thereof. 
 12. RIGHTS OF PARTICIPANTS;
REGULATORY REQUIREMENTS. Without limiting the generality of any other provision of this Agreement or the Plan, Sections 21 and 22 of the Plan pertaining to the Participants’ rights and certain regulatory
requirements (as such term is defined in the Plan) are hereby explicitly incorporated into this Agreement. 
 13.
NOTICES. Notices hereunder shall be mailed or delivered to the Corporation at its principal place of business and shall be mailed or delivered to the Participant at the address on file with the Corporation or, in
either case, at such other address as one party may subsequently furnish to the other party in writing. 
 14.
GOVERNING LAW. This Agreement shall be legally binding and shall be executed and construed and its provisions enforced and administered in accordance with the laws of the State of Michigan, without regard to its
choice of law or conflict of law provisions that would cause the application of the laws of any jurisdiction other than the State of Michigan. 
 15. TRANSFER OF PERSONAL DATA. The Participant authorizes, agrees and unambiguously consents to the transmission by the
Corporation (and its Subsidiaries) of any personal data information related to this SAR Awarded for legitimate business purposes (including, without limitation, the administration of the Plan). This authorization and consent is freely given by the
Participant. 
 16. BINDING AGREEMENT; ASSIGNMENT. This
Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Corporation and its successors and assigns. The Participant shall not assign (except in accordance with Section 9 hereof) any part of this Agreement without the
prior express written consent of the Corporation. 
 17. HEADINGS. The titles and headings
of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. 
 18. COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one
and the same instrument. 
 19. SEVERABILITY. The invalidity or unenforceability of any
provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any
other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 
 20. ACQUIRED RIGHTS. The Participant acknowledges and agrees that: (a) the Corporation may terminate or amend the Plan at any time; (b) the
award of the SARs made under 

  
 4 

 
this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Corporation; (c) no past grants or awards (including, without limitation, the
SARs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as
part of such salary in the event of severance, redundancy or resignation. 
 21. RESTRICTIVE
COVENANTS; COMPENSATION RECOVERY. By signing this Agreement, Participant acknowledges and agrees that the SARs subject to this Award or any Award previously granted to Participant by the Corporation
or a Subsidiary shall (1) be subject to forfeiture as a result of the Participant’s violation of any agreement with the Corporation regarding non-competition, non-solicitation, confidentiality, inventions and/or other restrictive covenants
(the “Restricted Covenant Agreements”), and (2) shall be subject to forfeiture and/or recovery under any compensation recovery policy that may be adopted from time to time by the Corporation or any of its Subsidiaries.
For avoidance of doubt, compensation recovery rights to Shares (including Shares acquired under previously granted equity awards) shall extend to the proceeds realized by the Participant due to the sale or other transfer of Shares. The
Participant’s prior execution of the Restricted Covenant Agreements was a material inducement for the Corporation’s grant of this Award. 
 SIGNATURE PAGE FOLLOWS 

  
 5 

					
		 	GENTHERM INCORPORATED
			
	Dated:                     ,
        	 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 PARTICIPANT ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS STOCK APPRECIATION RIGHT AWARD AGREEMENT, NOR
IN THE CORPORATION’S 2013 EQUITY INCENTIVE PLAN, WHICH IS INCORPORATED INTO THIS AGREEMENT BY REFERENCE, CONFERS ON PARTICIPANT ANY RIGHT WITH RESPECT TO CONTINUATION AS A SERVICE PROVIDER OF THE CORPORATION OR ANY PARENT OR ANY SUBSIDIARY OR
AFFILIATE OF THE CORPORATION, NOR INTERFERES IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE CORPORATION’S RIGHT TO TERMINATE PARTICIPANT’S SERVICE RELATIONSHIP AT ANY TIME, WITH OR WITHOUT CAUSE AND WITH OR WITHOUT PRIOR NOTICE.

 BY ACCEPTING THIS AGREEMENT, PARTICIPANT ACKNOWLEDGES RECEIPT OF A COPY OF THE PLAN AND REPRESENTS THAT THE PARTICIPANT IS
FAMILIAR WITH THE TERMS AND PROVISIONS OF THE PLAN. PARTICIPANT ACCEPTS THIS STOCK APPRECIATION RIGHT SUBJECT TO ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. PARTICIPANT HAS REVIEWED THE PLAN AND THIS AGREEMENT IN THEIR ENTIRETY. PARTICIPANT
AGREES TO ACCEPT AS BINDING, CONCLUSIVE AND FINAL ALL DECISIONS OR INTERPRETATIONS OF THE COMMITTEE UPON ANY QUESTIONS ARISING UNDER THE PLAN OR THIS AGREEMENT. 
  

					
	Dated:                     ,
        	 	By:	 	  

		 	Name:	 	

 EXHIBIT A 
 GENTHERM INCORPORATED 
 STOCK APPRECIATION RIGHT (“SAR”)
EXERCISE NOTICE 
 Gentherm Incorporated 
 21680 Haggerty Road, Ste. 101 
 Northville, MI 48167 

Attention: Corporate Secretary 

1. Exercise of SAR. Effective as of today,             ,
20        , the undersigned (“Participant”) hereby elects to exercise a stock appreciation right with respect to
            shares of the Common Stock (the “Shares”) of Gentherm Incorporated (the “Corporation”) pursuant to the stock appreciation right
agreement (the “Agreement”) by and between Participant and the Corporation, dated             and pursuant to the Gentherm Incorporated 2013 Equity Incentive Plan
(the “Plan”). 
 2. Representations of Participant. Participant acknowledges that
Participant has received, read and understood the Plan and the Agreement and agrees to abide by and be bound by their terms and conditions. 
 3. Tax Consultation. Participant understands that Participant may suffer adverse tax consequences as a result of Participant’s exercise of rights under the Agreement and this Exercise
Notice. Participant represents that Participant has consulted with his or her own independent tax advisor in connection with exercising rights under the SAR Award and that Participant is not relying on the Corporation for any tax advice. 

4. Entire Agreement. The Plan and the Agreement are incorporated herein by reference and constitute the entire agreement of
the parties and supersede in their entirety all prior undertakings and agreements of the Corporation and Participant with respect to the subject matter hereof. 
 By this exercise, I agree to provide such additional documents as you may require pursuant to the terms of the Gentherm Incorporated 2013 Equity Incentive Plan, and to provide for the payment by me to you
(in the manner designated by you) of your withholding obligation, if any, relating to this exercise which is not satisfied from the SAR Payment Amount. 
 Very truly yours, 
  

			
	  

	Print Name:	 	  

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