Document:

General Motors Company 2009 Long-Term Incentive Plan

 Exhibit 10.24 
 GENERAL MOTORS COMPANY 2009 LONG-TERM INCENTIVE PLAN 
 As Amended
December 22, 2010 
 SECTION 1. Purpose. The purpose of the General Motors Company 2009 Long-Term
Incentive Plan is to motivate and reward participating Employees toward the long-term success of the business by making them participants in that success. Capitalized terms used in the Plan shall have the definitions set forth in Section 11 of
the Plan. 
 SECTION 2. Administration. The Plan shall be administered by the Committee. The Committee shall
have full discretionary power and authority, subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the Board, to (i) select the Employees of the Company and its
Subsidiaries to whom Awards may be granted hereunder; (ii) determine the number of Shares to be covered by each Award granted hereunder; (iii) determine whether, to what extent and under what circumstances Awards may be settled in cash,
Shares or other property, or canceled, and (iv) interpret and administer the Plan and any Award Agreement, and establish such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan.
The Committee may delegate to an appropriate Executive Officer of the Company responsibility for determining, within the limits established by the Committee, individual Awards for Employees who are not Executive Committee members or Executive
Officers of the Company. 
 Terms of Awards granted to Employees subject to compliance with the provisions of the Interim Final
Rule and any determinations by the Special Master for TARP Executive Compensation will be determined by the Committee and will be included in the Award Agreements for those Employees 

SECTION 3. Shares Subject to the Plan. 
 (a) Subject to the provisions of Section 3(f) below, the aggregate number of Shares with respect to which Awards may be granted under this Plan shall not exceed 75,000,000 Shares. Shares subject to
awards granted under the General Motors Company Salary Stock Plan and the General Motors Company Short-Term Incentive Plan shall reduce the number of Shares with respect to which Awards may be granted under this Plan. Each share subject to a Stock
Option or Stock Appreciation Right will reduce the number of shares available for issuance under the Plan by one share, and each share subject to a Restricted Stock Unit or Stock Award will reduce the number of shares available for issuance by two
and one-half shares. Subject to the provisions of Section 3(f), for awards that are intended to constitute qualified performance based compensation under 162m, grants of Options or Stock Appreciation Rights in any calendar year may not cover
more than 1,000,000 shares and grants of RSUs or Stock Awards in any calendar year may not cover more than 250,000 shares. 

(b) Awards granted under the Plan that are settled in cash will not count against the approved share reserve. Awards, other than
Substitute Awards, that are forfeited or otherwise terminate without the issuance of Shares will no longer be charged against the maximum share limitation and will again be available for future grants. These Shares will return to the available share
pool at the same ratio at which they were granted. 

 (c) Shares withheld by or delivered to the Company to satisfy the exercise or conversion
price of an Award or in payment of taxes will not again be available for future grants. 
 (d) Substitute Awards will not reduce
the number of Shares authorized for grant hereunder. 
 (e) Any Shares delivered in settlement of Awards hereunder may consist,
in whole or in part, of authorized and unissued Shares, treasury Shares or Shares purchased in the open market or otherwise. 

(f) In the event of any merger, reorganization, consolidation, re-capitalization, stock split or reverse stock split, stock dividend,
extraordinary cash dividend, or other change in corporate structure affecting the Company’s Shares, the Committee shall make such adjustments in the aggregate number of Shares which may be delivered under this Plan and the number of Shares
subject to Awards granted under this Plan (provided the number of Shares subject to any Award shall always be a whole number), as may be determined to be appropriate by the Committee in order to prevent unintended enhancement or diminution of the
benefits or potential benefits intended to be conferred on Participants pursuant to Awards granted hereunder. 
 SECTION 4.
Eligibility. 
 (a) Any Employee shall be eligible to be selected as a Participant. 

(b) Conditions Precedent. As a condition precedent to the vesting and settlement of any portion of an Award, Participants shall:
(i) continue to render services as an Employee (unless this condition is waived by the Committee), (ii) refrain from engaging in any activity which, in the opinion of the Committee, is in any manner inimical or in any way contrary to the
best interests of the Company, (iii) not for a period of 12 months following any voluntary termination of employment, directly or indirectly, knowingly induce any Employee or employee of an affiliate of the Company to leave their employment for
participation, directly or indirectly, with any existing or future business venture associated with such individual, and (iv) furnish to the Company such information with respect to the satisfaction of the foregoing conditions precedent as the
Committee shall reasonably request. Except as otherwise provided under paragraph 6(d)(i) below, the failure by any Participant to satisfy such conditions precedent shall result in the immediate cancellation of the unvested portion of any Award
previously made to such Participant and such Participant shall not be entitled to receive any consideration in respect of such cancellation. 
 SECTION 5. The Committee may require a Participant to enter into such agreements as the Committee considers appropriate and in the best interests of the Company. 

SECTION 6. Stock Awards and Restricted Stock Units. 
 (a) Grant and Performance Conditions. The Committee may grant Restricted Stock Unit Awards or Stock Awards to Participants, from time to time. Such Awards shall be valued by reference to a
designated number of Shares. A Stock Award or RSU Award shall be subject to the terms and conditions set forth in this Section 6 and the terms set forth in the applicable Award Agreement. In the case of a discrepancy between the Plan and the
RSU Award Agreement, the terms of the RSU Award Agreement will control. 

  
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 (b) Nonforfeitability. No portion of a Stock Award or RSU Award shall become
nonforfeitable or transferable, as applicable, prior to a date specified by the Committee in the Award Agreement except as set forth in Section 6(d). A Participant must remain continuously employed by the Company or a Subsidiary through the
nonforfeitability date specified in the Award Agreement except as set forth in Section 6(d). Awards shall be conditioned upon the achievement of Performance Conditions, if applicable, as specified in the Award Agreement. 

(c) Payment and Delivery. No RSU Award shall be paid or settled prior to the first applicable Settlement Date, except as provided
in Section 6(d)(i). 
 (d) Termination of Employment. Except as set forth in this subsection, upon the termination
of a Participant’s employment, any Award (or portion thereof) held by such Participant that has not become nonforfeitable in accordance with Section 6(b) at the time of such termination shall be forfeited. 

(i) In the event that the Participant’s employment terminates as a result of his or her death, a pro rata portion of
the Award held by such Participant shall be retained and become nonforfeitable. The retained portion shall be determined by multiplying the number of shares comprising or underlying the Award by a fraction, the numerator of which is the number of
full and partial calendar months elapsed from the Proration Date to the date of death and the denominator of which is the number of months from the Grant Date to the date on which such Award would have become nonforfeitable in accordance with
Section 6(b). In no event will such fraction exceed 1.0. The retained portion of any RSU Award will be settled in the form provided in Section 6(e) and the Settlement Date for such Awards will occur as soon as practicable after the date of
death. 
 (ii) In the event of the Participant’s Disability, all Awards (or portions thereof) held by such
Participant will be retained and any RSU awards will be subject to the payment and delivery provisions set forth in Section 6(c). The retained RSU Award (or portion thereof) will be settled in the form provided in Section 6(e). 

(iii) In the case of any Award which is not a TARP Award, in the event that the Participant retires from the Company at
age 55 or older with ten or more years of service (or equivalent retirement eligibility in countries outside the United States) or for Awards granted after March 15, 2010 , retirement at age 55 or older with ten or more years of service (or
equivalent retirement eligibility in countries outside the United States) or age 62 or older, subject to other terms and conditions of the Plan, a pro rata portion of the Award held by such Participant shall be retained and become nonforfeitable.
The retained portion shall be determined by multiplying the number of shares comprising or underlying the Award by a fraction, the numerator of which is the number of full and partial calendar months elapsed from the Proration Date to the date of
retirement and the denominator of which is the number of months from the Grant Date to the date on which such Award would have become nonforfeitable in accordance with Section 6(b). In no event will such fraction exceed 1.0. Any retained RSU
Awards will be settled on the Settlement Date in the form provided in Section 6(e). 

  
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 (iv) In the case of any TARP Award, in the event that the Participant
retires from the Company at age 55 or older with ten or more years of service (or equivalent retirement eligibility in countries outside the United States) or for Awards granted after March 15, 2010 , the Participant retires at age 55 or older
with ten or more years of service (or equivalent retirement eligibility in countries outside the United States) or age 62 or older, and such Participant has remained continuously employed for two years from the Grant Date, subject to other terms and
conditions of the Plan, a prorated portion of the Award held by such Participant shall be retained and become nonforfeitable. The retained portion shall be determined by multiplying the number of shares comprising or underlying the Award by a
fraction, the numerator of which is the number of full and partial calendar months elapsed from the Proration Date to the date of retirement and the denominator of which is the number of months from the Grant Date to the date on which such Award
would have become nonforfeitable in accordance with Section 6(b). In no event will such fraction exceed 1.0. Any retained RSU Awards will be settled on the Settlement Date in the form provided in Section 6(e). 

(v) Notwithstanding the above provisions, any Participant who retires or separates from the Company or a Subsidiary under
the terms of an approved separation agreement or program will not be entitled to retain any portion of an Award. 
 (e) Form
of Settlement. Each RSU Award shall be settled on any applicable Settlement Date by delivery of Shares. If a Settlement Date for any RSU Award occurs prior to the date which is six months following the consummation of an underwritten public
offering of Shares, the Award shall be settled by the delivery of the Fair Market Value of Shares, in cash. Such delivery shall take place promptly after the applicable Settlement Date; provided, however, that such delivery shall be made in all
events not later than December 31 of the calendar year in which such Settlement Date occurs. 
 (f) No Rights of a
Shareholder. No holder of any RSU Award shall have any rights to dividends or any other rights of a stockholder with respect to Shares subject to the Award prior to becoming the record owner of such Shares. 

(g) Leave of Absence. Notwithstanding Section 6(d), a qualifying leave of absence shall not constitute a termination of
employment. A Participant’s absence or leave shall be deemed to be a qualifying leave of absence if approved by the Committee in its sole discretion. 
 SECTION 7. Stock Options and Stock Appreciation Rights 
 (a)
Grant Price. The Grant Price of any Option or SAR shall not be less than the Fair Market Value (and in no event less than the par value) of the Shares on the date the Option or SAR is granted, except in the case of Substitute Awards.

 (b) ISO; Nonqualified Option. Determination as to whether Options granted shall be “Incentive Stock Options”
(“ISO’s), Nonqualified Stock Options, and as to any restrictions 

  
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which shall be placed on Options, shall be made by the Committee under such procedures as it may, from time to time, determine and each Option granted hereunder shall be identified as either an
ISO or a Nonqualified Stock Option at the time of grant. 
 (c) Terms of Options or Stock Appreciation Rights. Options
and SARs granted under this Plan shall be subject to the following provisions, except as otherwise determined by the Committee: 
 (i) Vesting and Exercise. Except in the case of death or except as set forth in Section 7(c)(iii)(B) or as set forth in Section 9, no Option or SAR shall vest or become exercisable prior to the
first anniversary of the “Grant Date” (or such other date as may be established by the Committee or its delegate(s)); and after such date Options or SARs shall be exercisable only in accordance with the terms and conditions established at
the time of grant and reflected in the Award Agreement. Unless otherwise specified in the Award Agreement, beginning on the first anniversary of the Grant Date, Options or SARs will vest and become exercisable in one-third increments. Subject to
paragraph 7(c)(iii), each increment will first vest and become exercisable on the first, second and third anniversaries of the Grant Date, respectively. Upon becoming exercisable, the Option or SAR will remain exercisable until expiration, except as
set for in Section 7(c)(iii). 
 (ii) Term of Options or SARs. The normal expiration date of an Option or
SAR shall be determined at the time of grant, provided that each Option or SAR shall expire not more than ten years after the Grant Date. 
 (iii) Termination of Employment. Except as set forth in this subsection, upon the termination of a Participant’s employment, any Award (or portion thereof) held by such Participant that has not
vested in accordance with Section 7(c)(i) at the time of such termination shall be forfeited 
 (A) If the
Employee quits employment with the Company or is terminated by the Company for inadequate job performance, or for willful misconduct harmful to the Company, all unvested and vested Options or SARs held by such Participant shall be forfeited as of
the date of such termination, or if earlier, as of the date that such grounds for termination by the Company first exist. 
 (B) If the Employee retires from the Company at age 55 or older with ten or more years of credited service (or for a Participant who is a tax resident of a location outside the United States at equivalent
normal retirement age in such country) or age 62 or older in the United States, subject to the other terms and conditions of the Plan, all Options or SARs will vest immediately, and will be exercisable until the expiration date of such Option.
Notwithstanding this provision, the Committee may from time to time determine in its discretion that holders of Options or SARs retiring from the Company during specified time periods under specified circumstances may vest in and retain some portion
of their Options or SARs granted in the year the retirement occurs. 

  
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 (C) If employment is terminated by reason of death, all Options shall
immediately vest and remain exercisable until the third anniversary of the date of death or, if earlier, the expiration date of such Option. 
 (D) If an employee becomes disabled, Options will continue to vest and become exercisable in accordance with the original terms of the grant while the Employee remains on the disability leave and, subject
to the other terms and conditions of the Plan, vested Options will remain exercisable for the full remaining term. 
 (E) If employment terminates for any reason other than as set forth above (including, for the avoidance of doubt, retirement not meeting the conditions set forth in Section 7(c)(iii)(B) or other
voluntary termination with the consent of the Company), subject to the other terms and conditions of the Plan, all vested Options will remain exercisable until the third anniversary of the date of termination of employment or, if earlier, the
expiration date of such Option. 
 (F) If employment terminates for any reason (other than death) prior to the
first anniversary of the date an Option is granted, except as provided in Section 7(c)(iii)(B) the Option shall be forfeited and terminate on the date of termination of employment. 

(iv) Leave of Absence. Notwithstanding Section 7(c)(iii), a qualifying leave of absence shall not constitute a
termination of employment. A Participant’s absence or leave shall be deemed to be a qualifying leave of absence if approved by the Committee in its sole discretion. 

(v) Payment of Exercise Price. All Shares purchased upon exercise of any Option shall be paid for in full at the time of
purchase or adequate provision for such payment shall be made. Such payment shall be made (A) in cash, (B) through delivery or constructive delivery of Shares (provided that such Shares may be subject to such holding period or other
requirement as the Committee may impose, (C) a combination of cash and stock or (D) through a broker-assisted cashless exercise facility if established by the Company. Any Shares delivered as a result of an Option exercise shall be valued
at their Fair Market Value on the exercise date of the Option. 
 SECTION 8. Amendments, Termination and Recoupment.

 (a) The Board may amend, alter, suspend, discontinue or terminate the Plan or any portion thereof at any time; provided,
however; that no such amendment, alteration, suspension, discontinuation or termination shall be made without (i) stockholder approval if such approval is necessary to comply with the rules of the New York Stock Exchange or such other national
securities exchange as may be from time to time the principal trading market for Shares, and (ii) except as provided in Section 8(f), the consent of the affected Participant, if such action would materially impair the rights of such
Participant under any outstanding Award. 

  
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 (b) The Committee may delegate to another committee, as it may appoint, the authority to
take any action consistent with the terms of the Plan, either before or after an Award has been granted, which such other committee deems necessary or advisable to comply with any government laws or regulatory requirements of a foreign country,
including, but not limited to, modifying or amending the terms and conditions governing any Awards, or establishing any local country plans as sub-plans to this Plan. In addition, under all circumstances, the Committee may make non-substantive
administrative changes to the Plan so as to conform with or take advantage of governmental requirements, statutes or regulations. 
 (c) The Committee may amend the terms of any Award and any Award Agreement theretofore granted, prospectively or retroactively, but no such amendment shall materially impair the rights of any Participant
without his or her consent except as provided in Section 8(f). 
 (d) Notwithstanding any provision of this Plan to the
contrary, any Award made and any amount of cash or Shares delivered in settlement thereof to a Participant under this Plan is subject to being called for repayment to the Company in any situation where the Board of Directors or a Committee thereof
determines that the Company’s Policy on Recoupment of Compensation requires such repayment, or that repayment is otherwise required by the rules of any national securities exchange on which the stock of the Company may be listed. The
determination regarding repayment under this provision shall be within the sole discretion of the Committee and shall be final and binding on the Participant and the Company. 
 (e) If any provision of the Plan or any Award Agreement is invalid or unenforceable in any jurisdiction, (i) such provision shall be modified or eliminated, but only to the extent necessary to
eliminate such invalidity or unenforceability and (ii) such invalidity, unenforceability, modification or elimination shall not affect the validity or enforceability of such provision in any other jurisdiction and shall not affect the validity
or enforceability of any other provision of the Plan or any Award. 
 (f) Any Award hereunder that is or becomes a TARP Award is
intended to comply with applicable Treasury regulations under TARP and shall be interpreted and amended as necessary to comply with any interpretations or guidance of the Special Master or his successor. In the event that an Award hereunder becomes
a TARP Award, or is otherwise affected by any decision of the Special Master or his successor, the Company shall inform the affected Participant. 
 SECTION 9. General Provisions. 
 (a) An Award may not be sold,
exercised, pledged, assigned, hypothecated, transferred, or disposed of in any manner except as may be expressly set forth in the Award Agreement. 
 (b) Neither the Award nor any benefits arising out of this Plan shall constitute part of a Participant’s employment or service contract with the Company or any Subsidiary. The Awards under this Plan
are not intended to be treated as compensation for any purpose under any other Company plan. 

  
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 (c) No Employee shall have any claim to be granted any Award under the Plan, and there is no
obligation for uniformity of treatment of Participants under the Plan. 
 (d) Nothing in the Plan or any Award granted under the
Plan shall be deemed to constitute an employment or service contract or confer or be deemed to confer on any Employee or Participant any right to continue in the employ or service of, or to continue any other relationship with the Company or any
Subsidiary or limit in any way the right of the Company or any Subsidiary to terminate an Employee’s employment or a Participant’s service at any time, with or without cause. 

(e) All Shares delivered under the Plan pursuant to any Award shall be subject to such stock-transfer orders and other restrictions as
the Committee may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are then listed, and any applicable federal or state securities law, any
instructions of the Special Master and the Committee may cause a legend or legends to be put on any certificates or other indicia of ownership of such Shares to make appropriate reference to such restrictions. 

(f) No Award granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding,
unless and until the Committee in its sole discretion has determined that any such offer, if made, would comply with all applicable requirements of the U.S. federal securities laws and any other laws to which such offer, if made, would be subject.

 (g) The Company and its Subsidiaries shall be authorized to withhold from any Award granted or payment due under the Plan the
amount of withholding taxes due in respect of an Award or payment hereunder and to take such other action as may be necessary in the opinion of the Company or its Subsidiaries to satisfy all obligations for the payment of such taxes. The Committee
shall be authorized to establish procedures for election by Participants to satisfy such obligation for the payment of such taxes by delivery of or transfer of Shares to the Company (to the extent the Participant has owned the surrendered Shares for
more than six months if such a limitation is necessary to avoid a charge to the Company for financial reporting purposes), or by directing the Company to retain Shares (up to the minimum required tax withholding rate, to the extent such limitation
is necessary to avoid a charge to the Company for financial reporting purposes) otherwise deliverable in connection with the Award. 
 (h) Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation arrangements, subject to stockholder approval if such approval is required; and such arrangements
may be either generally applicable or applicable only in specific cases. 
 (i) The provisions of the Plan shall be construed,
regulated and administered according to the laws of the State of Delaware without giving effect to principles of conflicts of law, except to the extent superseded by any controlling Federal statute. 

  
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 (j) Awards may be granted to Participants who are foreign nationals or employed outside the
United States, or both, on such terms and conditions different from those applicable to Awards to Employees employed in the United States as may, in the judgment of the Committee, be necessary or desirable in order to recognize differences in local
law or tax policy; provided, however, that amendments deemed necessary under this Section 9(j) may not be made without stockholder approval or Participant approval, if such approval is required by Section 78. The Committee also may impose
conditions on the exercise or vesting of Awards in order to minimize the Company’s obligation with respect to tax equalization for Employees on assignments outside their home country. 

(k) If the Company shall have any unpaid claim against the Participant arising out of or in connection with the Participant’s
employment with the Company, prior to settlement of an Award, such claim may be offset against Awards under this Plan (up to $5,000 per year) and upon settlement of any Award, such claim may be offset in total. Such claim may include, but is not
limited to, unpaid taxes or corporate business credit card charges. 
 (l) Notwithstanding any provision of this Plan, no Plan
elections, modifications or distributions will be allowed or implemented if they would cause the Participant to be subject to tax (including interest and penalties) under Section 409A of the Code. The settlement of Awards hereunder may be
delayed up to six months following a Participant’s termination of employment if the Participant is a “specified employee” for purposes of Section 409A and such delay is necessary to avoid the imposition of tax (including interest
and penalties) under Section 409A. 
 SECTION 10. Term of Plan. The Plan shall terminate on the day after the date
when all Awards hereunder have been settled in accordance with the terms of the Plan. 
 SECTION 11. Definitions.
As used in the Plan, the following terms shall have the meanings set forth below: 
 (a) “Award” shall mean any
Options, Stock Appreciation Rights, Stock Award or award of Restricted Stock Units granted hereunder. 
 (b) “Award
Agreement” shall mean the written instrument evidencing the terms of an Award hereunder. 
 (c) “Board” shall
mean the Board of Directors of the Company. 
 (d) “Code” shall mean the Internal Revenue Code of 1986, as amended
from time to time, and any successor thereto, and any reference to any section of the Code shall also include any successor provision thereto. 
 (e) “Committee” shall mean the Executive Compensation Committee of the Board, its named successor, or such other persons or committee to whom the Board has delegated any authority, as may be
appropriate. 
 (f) “Company” shall mean General Motors Company, a Delaware Company, or its successor. 

  
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 (g) “Disability” shall mean the Participant is unable to engage in any gainful
activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. 

(h) “Employee” shall mean any individual who is employed by the Company or any Subsidiary. 

(i) “Exchange Act” shall mean the U.S. Securities Exchange Act of 1934. 

(j) “Executive Officer” shall mean any Participant required to provide periodic statements of beneficial ownership of Company
equity securities as an executive officer of the Company under Section 16(a) of the Exchange Act. 
 (k) “Fair Market
Value” shall mean the value of a Share, determined as follows: prior to the establishment of when-issued trading of the Shares on a national securities exchange, as determined by the Committee in its discretion; and after the establishment of
when-issued trading of the Shares on a national securities exchange, the average of the high and low trading (or when-issued trading) prices for the Shares as reported on such national securities exchange for the applicable date or, if no such
prices are reported for that date, the average of the high and low trading (or when-issued trading) prices on the immediately preceding date for which such prices were reported. 

(l) “Grant Date” shall mean the grant date specified in the Award Agreement. 

(m) “Grant Price” shall mean the average of the high and low trading price per Share on the Grant Date. 

(n) “Incentive Stock Options” or “ISO” shall mean an Option granted hereunder that is intended to comply with the
provisions of Section 422 of the Code. 
 (o) “Nonqualified Option” shall mean an Option that is not an ISO.

 (p) “Options” or “Stock Options” shall mean any right granted to a Participant under the Plan pursuant to
and described in Section 7 allowing such Participant to purchase Shares at such price or prices and during such period or periods, as the Committee shall determine and shall include ISOs and Nonqualified Options. 

(q) “Participant” shall mean an Employee who is selected by the Committee to receive an Award under the Plan 

(r) “Plan” shall mean this General Motors Company 2009 Long-Term Incentive Plan, as amended from time to time. 

(s) “Performance Conditions” shall mean measures of the operational performance of the Company or other performance criteria
selected by the Committee, the degree of achievement of which will determine the portion of an Award that is earned by the Participant as specified in the Award Agreement. In creating these measures, the Committee may establish the

  
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specific goals based upon or relating to one or more of the following business criteria: asset turnover, cash flow, contribution margin, cost objectives, cost reduction, earnings before interest
and taxes (EBIT), earnings before interest, taxes, depreciation and amortization (EBITDA), earnings per share, economic value added, free cash flow, increase in customer base, initial public offering, inventory turnover, liquidity, market share, net
income, net income margin, operating cash flow, operating profit margin, pre-tax income, productivity, profit margin, quality, return on assets, return on net assets, return on capital, return on equity, revenue, revenue growth, and/or warranty. The
business criteria may be expressed in absolute terms or relative to the performance of other companies or to an index. 
 (t)
“Proration Date” shall be a date established by the Committee at the time of grant of an Award and specified in the Award Agreement. If no such date is established, the Proration Date shall be the Grant Date. 

(u) “Restricted Stock Unit” or “RSU” shall mean any unit granted pursuant to and described in Section 6.

 (v) “Settlement Date” shall mean the date on which the Award becomes nonforfeitable and payable in accordance with
the provisions of the Plan and the Award Agreement. 
 (w) “Shares” shall mean shares of the common stock of the
Company, $0.01 par value. 
 (x) “Special Master” shall mean the Office of the Special Master for TARP Executive
Compensation, established by the United States Secretary of the Treasury under the American Recovery and Reinvestment Act of 2009 or any other office or agency which succeeds to the powers thereof. 

(y) “Stock Appreciation Right” shall mean an Award denominated in Shares that entitles the Participant within the exercise
period to receive a payment equal to the increase in value between the Grant Price and the fair market value of the underlying Shares at date of exercise. 
 (z) “Stock Award” shall mean an Award of shares hereunder which may be subject to such restrictions on transfer and/or forfeitability conditions as are specified in the applicable Award
Agreement. 
 (aa) “Subsidiary” shall mean (i) a company of which capital stock having ordinary voting power to
elect a majority of the board of directors of such company is owned, directly or indirectly, by the Company or (ii) any unincorporated entity in respect of which the Company can exercise, directly or indirectly, comparable control to that
described in clause (i). 
 (bb) “Substitute Award” shall mean an Award granted hereunder in assumption or replacement
of an award issued by a company acquired by the Company or with which the Company or its Subsidiary combines. 

  
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 (cc) “TARP Award” shall mean an Award hereunder that is at any time required to
comply with the requirements for “long-term restricted stock” set forth in Treasury Regulations Section 31 CFR 30.1 (Q-1) and as interpreted and applied by the Special Master. 

(dd) “Unit” shall mean a Restricted Stock Unit or RSU. 

  
 12Form of General Motors Company 2010 Equity Grant Award Agreement

 Exhibit 10.30 
 Template 1 
 December 31, 2010 

General Motors Company 2010 Equity Grant Award Agreement 
 2010 Short Term Incentive Equity & 2010 Long Term Incentive Equity 
 Private
and GM Confidential 
 [insert name of Participant] 
 [insert location (e.g., GM do Brasil) of Participant] 
 Dear [insert name]

 This letter describes the details under which you are being granted a Stock Award under the General Motors Company (GM) 2009 Long-Term
Incentive Plan, as amended December 22, 2010 (the Plan). 
 A copy of the Plan can be found on Execunet in MySocrates.
Capitalized terms used in this Award Agreement have the meaning given in the Plan unless noted otherwise. In the event of any conflict between this Award Agreement and the Plan, the terms of this Award Agreement shall prevail. 

The full terms of your Award are set out in this Award Agreement and the Plan. 
 Details of the Award 
  

			
	 Feature
	  	 Description

		
	Issuer	  	 General Motors Company, a Delaware corporation

		
	Number of Shares Granted to You	  	[insert number] Restricted Stock Share (RSs) under the General Motors Company 2009 Long-Term Incentive Plan as amended December 22,
2010.
		
	Grant Date	  	December 31, 2010
		
	Proration Date	  	Not Applicable
		
	Payment	  	No amount is payable by you for the issuance of this Stock Award or in connection with the settlement of any Stock Award.
		
	Nonforfeitability	  	This Award is not subject to forfeiture.
		
	Performance Condition	  	Not applicable

			
	Settlement Conditions and Settlement Date(s):	  	 Shares of GM Common Stock will be transferred to your account at Solium Capital on the Grant Date and will be restricted from sale or
transfer until the Settlement Date(s). The Stock Award is non-forfeitable during the restriction period.
  
 The restrictions from sale or transfer of Shares underlying this Stock Award will lapse on the following Settlement Date(s) :

 
 XXX shares delivered will become unrestricted December 31, 2011

XXX shares delivered will become unrestricted December 31, 2013

		
	Form of Payment	  	Shares of GM Common Stock credited to your account at Solium on the Grant Date will become unrestricted on the Settlement Date(s) above.
		
	Termination of Employment	  	Stock Awards will become unrestricted and transferrable on the scheduled Settlement Date(s)
		
	Important Information about TARP	  	The Corporation is subject to the requirements of the American Recovery and Reinvestment Act of 2009, and regulations issued by the U.S. Department of the Treasury thereunder. These
requirements are known as “TARP” and are interpreted by the Office of the Special Master for TARP Executive Compensation. This Award may become subject to special requirements under TARP. If necessary, we have the right to change this
Award, or interpret its provisions, so as to make it comply with TARP and rulings by the Special Master thereunder. In general, TARP applies to Awards granted to or held by the 100 most highly compensated employees of the Corporation and its
Subsidiaries, and more stringent requirements apply to Awards granted to or held by the 25 most highly compensated employees. The determinations of these groups are made annually. If your Award is or becomes subject to TARP or to any rulings of the
Special Master, you will be informed.
		
	Certain Defined Terms	  	Certain terms used in this Award Agreement are defined in the Plan document. Some of these definitions are summarized below.

Additional Terms 
 The following
additional terms apply to this Stock Award, your participation in the Plan and the grant of this Stock Award to you. By accepting the Grant you irrevocably agree and acknowledge in favor of GM that: 

 

	1.	to enable GM to issue you Stock Awards (and any Shares), and administer the Plan and any Award, you consent to the exchange and disclosure of your personal information,
including transmission of that information from your country of employment, residence or citizenship, to other countries; 

  

	2.	the Plan is established voluntarily by GM, it is discretionary in nature and it may be modified, suspended or terminated by GM at any time, as provided in the Plan;

  

	3.	the Award and your participation in the Plan is not offered in lieu of, or in substitution for, any payment of remuneration, severance payments, leave entitlements, or
any other compensation payable to you; 

  
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	4.	participation in the Plan is voluntary and occasional and does not create any contractual or other right to future participation in the Plan, Awards or benefits in lieu
of participation in the Plan, even if Awards are offered repeatedly; 

  

	5.	Awards under, and your participation in, the Plan do not form part of your remuneration for the purposes of determining payments in lieu of notice of termination of
your employment of office, severance payments, leave entitlements, or any other compensation payable to you. No Award, payment, or other right or benefit, under the Plan will be taken into account in determining any benefits under any pension,
retirement, savings, profit-sharing, group insurance, welfare or benefit plan of any GM Subsidiary; 

  

	6.	GM, any of GM’s Subsidiaries, their respective affiliates, officers and employees make no representation concerning the financial benefit or taxation consequences
of any Award or participation in the Plan. You are strongly advised to seek your own professional legal and taxation advice concerning the impact of the Plan and your Award; 

 

	7.	the future value of the underlying Shares is unknown and cannot be predicted with certainty and the Shares may increase or decrease in value; 

 

	8.	you will have no entitlement to compensation or damages as a result of any loss or diminution in value of Shares, RSUs or any other rights acquired contract; pursuant
to the Plan, including, without limitation, as a result of the termination of your employment by GM or any of its Subsidiaries for any reason whatsoever and whether or not in breach of; and 

 

	9.	you have read this Award Agreement and the Plan carefully and understand their terms. 

 Acceptance Offer 
 To accept this offer you will need to follow the link below and indicate
your acceptance of all the terms outlined in this Agreement and the Plan not later than January 31, 2011. In the United States, this Award will be taxable income for 2010 regardless of the timing of your acceptance. If you do not accept the
grant by that time, this offer will lapse and be incapable of acceptance (unless otherwise agreed to by GM). 
 Method of
Acknowledgement. 
 If you have any questions concerning this offer or the Plan you should refer to Execunet or Global Compensation (Chris
Tipton +1-313-665-3012). 
  

	
	Yours sincerely,

  
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