Document:

EX-10.1

Exhibit 10.1

FORM OF RESTRICTED STOCK AGREEMENT

Qualified Retirement

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of the effective date
set forth on the attached notice of grant (the “Grant Notice”), between GROUP 1 AUTOMOTIVE,
INC., a Delaware corporation (the “Company”), and the employee whose name is set forth on
the Grant Notice (“Employee”).

1. Award. Pursuant to the GROUP 1 AUTOMOTIVE, INC. 2014 LONG TERM INCENTIVE PLAN (the
“Plan”), the number of shares (the “Restricted Shares”) of the Company’s common
stock set forth in the Grant Notice shall be issued as hereinafter provided in Employee’s name,
subject to certain restrictions thereon. The Restricted Shares shall be issued upon acceptance
hereof by Employee (which shall be demonstrated by Employee’s execution of the Grant Notice) and
upon satisfaction of the conditions of this Agreement and the Grant Notice. Employee acknowledges
receipt of a copy of the Plan, and agrees that this award of Restricted Shares shall be subject to
all of the terms and provisions of the Plan, including future amendments thereto, if any, pursuant
to the terms thereof. In the event of any conflict between the terms of this Agreement and the
Plan, the Plan shall control. The Plan and the Grant Notice are incorporated herein by reference as
a part of this Agreement. Capitalized terms used but not defined herein shall have the meanings
attributed to such terms in the Plan. Employee agrees to comply with the Additional Employee
Obligations (as hereinafter defined).

2. Restricted Shares. Employee hereby accepts the Restricted Shares when issued and
agrees with respect thereto as follows:

(a) Forfeiture Restrictions. The Restricted Shares may not be sold, assigned,
pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the
extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the
event of termination of Employee’s employment with the Company for any reason other than
Qualified Retirement (as hereinafter defined), death or Disability (as hereinafter defined),
Employee shall, for no consideration, forfeit to the Company all Restricted Shares to the
extent then subject to the Forfeiture Restrictions. In the case of a Qualified Retirement,
Employee shall, for no consideration, forfeit to the Company (y) all the Restricted Shares
to the extent subject to the forfeiture restrictions on the date of such termination if
Employee fails to comply with the Additional Employee Obligations continuously from the date
of the termination of his employment as a result of a Qualified Retirement until the
Compliance Expiration Date (as hereinafter defined) and (z) as of the date of such Qualified
Retirement, Restricted Shares granted to Employee less than six months prior to (or any time
after) the earlier to occur of (1) the date Employee provides notification of his intent to
terminate his employment due to Qualified Retirement or (2) the date of such Qualified
Retirement. The prohibition against transfer and the obligation to forfeit and surrender
Restricted Shares to the Company upon termination of employment, or thereafter in the case
of non-compliance with the Additional Employee Obligations following termination of
employment as a result of a Qualified Retirement, are herein referred to as the
“Forfeiture Restrictions.” For purposes of this Agreement, the following capitalized
words and terms shall have the meanings indicated below:

(i) “Additional Employee Obligations” shall mean those obligations of
Employee to the Company and its Affiliates that apply during or after Employee’s
employment by the Company as set forth in Exhibit A attached hereto and
incorporated herein by reference as a part of this Agreement.

(ii) “Affiliate” shall have the meaning set forth in the Plan.

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

(iv) “Code” shall mean the Internal Revenue Code of 1986, as amended.
Reference to any section of the Code shall be deemed to include any amendments or
successor provisions to such section and any regulations under such section

(v) “Committee” shall mean the committee of the Board that is selected
by the Board to administer the Plan as provided in Paragraph IV(a) of the Plan.

(vi) “Compliance Expiration Date” shall mean the date that is two years
following the effective date of the termination of Employee’s employment with the
Company or, if earlier, the date of Employee’s death or Disability after a Qualified
Retirement.

(vii) “Disability” shall mean that Employee has become disabled within
the meaning of section 409A(a)(2)(C) of the Code and applicable administrative
authority thereunder.

(viii) “Qualified Retirement” shall mean the termination of Employee’s
employment with the Company on a date that is on or after Employee’s attainment of
age 63 and following Employee’s completion of at least 10 years of Service.

(ix) “Service” shall mean the years of service credited to Employee for
vesting purposes under The Group 1 Automotive, Inc. 401(k) Savings Plan, as amended
from time to time.

(b) Lapse of Forfeiture Restrictions. The Forfeiture Restrictions shall lapse
as to the Restricted Shares in accordance with the schedule set forth on the Grant Notice,
provided that Employee has been continuously employed by the Company from the date of this
Agreement through the lapse date set forth on the Grant Notice. Notwithstanding the
foregoing, the Forfeiture Restrictions shall lapse as to all of the Restricted Shares then
subject to the Forfeiture Restrictions on the date Employee’s employment with the Company is
terminated by reason of death or Disability. Further notwithstanding the foregoing, in the
event that Employee’s employment with the Company terminates as a result of a Qualified
Retirement, all of the Restricted Shares that are then subject to the Forfeiture
Restrictions shall remain subject to forfeiture under this Agreement until the Compliance
Expiration Date and, upon the Compliance Expiration Date, provided that Employee has
complied with the Additional Employee Obligations continuously from the date of the
termination of his employment with the Company as a result of such Qualified Retirement
until the Compliance Expiration Date, the Forfeiture Restrictions shall lapse as to all of
the Restricted Shares then subject to the Forfeiture Restrictions (which, for purposes of
clarity, shall not include Restricted Shares granted to Employee less than six months prior
to (or any time after) the earlier to occur of (1) the date Employee provides notification
of his intent to terminate his employment due to Qualified Retirement or (2) the date of
such Qualified Retirement, which Restricted Shares shall be forfeited upon the Qualified
Retirement).

(c) Certificates. A certificate evidencing the Restricted Shares shall be
issued by the Company in Employee’s name, pursuant to which Employee shall have all of the
rights of a stockholder of the Company with respect to the Restricted Shares, including,
without limitation, voting rights and the right to receive dividends (provided, however,
that dividends paid in shares of the Company’s stock shall be subject to the Forfeiture
Restrictions and provided further that dividends that are paid other than in shares of the
Company’s stock shall be paid no later than the end of the calendar year in which the
dividend for such class of stock is paid to stockholders of such class or, if later, the
15th day of the third month following the date the dividend is paid to stockholders of such
class of stock). Employee may not sell, transfer, pledge, exchange, hypothecate or otherwise
dispose of the stock until the Forfeiture Restrictions have expired and a breach of the
terms of this Agreement shall cause a forfeiture of the Restricted Shares. The certificate
shall be delivered upon issuance to the Secretary of the Company or to such other depository
as may be designated by the Committee as a depository for safekeeping until the forfeiture
of such Restricted Shares occurs or the Forfeiture Restrictions lapse pursuant to the terms
of the Plan and this award. On the date of this Agreement, Employee shall deliver to the
Company a stock power, endorsed in blank, relating to the Restricted Shares. Upon the lapse
of the Forfeiture Restrictions without forfeiture, the Company shall cause a new certificate
or certificates to be issued without legend (except for any legend required pursuant to
applicable securities laws or any other agreement to which Employee is a party) in the name
of Employee in exchange for the certificate evidencing the Restricted Shares. However, the
Company, in its sole discretion, may elect to deliver the certificate either in certificate
form or electronically to a brokerage account established for Employee’s benefit at a
brokerage/financial institution selected by the Company. Employee agrees to complete and
sign any documents and take additional action that the Company may request to enable it to
deliver the shares on Employee’s behalf.

(d) Corporate Acts. The existence of the Restricted Shares shall not affect in
any way the right or power of the Board or the stockholders of the Company to make or
authorize any adjustment, recapitalization, reorganization or other change in the Company’s
capital structure or its business, any merger or consolidation of the Company, any issue of
debt or equity securities, the dissolution or liquidation of the Company or any sale, lease,
exchange or other disposition of all or any part of its assets or business or any other
corporate act or proceeding. The prohibitions of Section 2(a) hereof shall not apply to the
transfer of Restricted Shares pursuant to a plan of reorganization of the Company, but the
stock, securities or other property received in exchange therefor shall also become subject
to the Forfeiture Restrictions and provisions governing the lapsing of such Forfeiture
Restrictions applicable to the original Restricted Shares for all purposes of this Agreement
and the certificates representing such stock, securities or other property shall be legended
to show such restrictions.

3. Withholding of Tax/Tax Election. To the extent that the receipt of the Restricted
Shares or the lapse of any Forfeiture Restrictions results in compensation income to Employee for
federal or state income tax purposes, Employee shall deliver to the Company at the time of such
receipt or lapse, as the case may be, such amount of money as the Company may require to meet its
obligation under applicable tax laws or regulations or make such other arrangements to satisfy such
withholding obligation as the Company, in its sole discretion, may approve. In addition, the
Company may withhold unrestricted shares of stock of the Company (valued at their fair market value
on the date of withholding of such shares) otherwise to be issued upon the lapse of the Forfeiture
Restrictions in such amount as the Company may allow provided such amount does not result in
negative accounting consequences to the Company. If Employee makes the election authorized by
section 83(b) of the Code in connection with the award of the Restricted Shares, Employee shall
submit to the Company a copy of the statement filed by Employee to make such election.

4. Status of Stock. Employee agrees that the Restricted Shares issued under this
Agreement will not be sold or otherwise disposed of in any manner which would constitute a
violation of any applicable securities laws, whether federal or state, or the Company’s Code of
Conduct. Employee also agrees that (a) the certificates representing the Restricted Shares may bear
such legend or legends as the Committee deems appropriate in order to reflect the Forfeiture
Restrictions and to assure compliance with applicable securities laws, (b) the Company may refuse
to register the transfer of the Restricted Shares on the stock transfer records of the Company if
such proposed transfer would constitute a violation of the Forfeiture Restrictions or, in the
opinion of counsel satisfactory to the Company, of any applicable securities law, and (c) the
Company may give related instructions to its transfer agent, if any, to stop registration of the
transfer of the Restricted Shares. The Company (or to such other depository as may be designated
pursuant to Section 2(c) above) shall hold the Restricted Shares (and the related stock powers)
pursuant to the terms of this Agreement until such time as (y) a certificate or certificates for
the Restricted Shares are delivered to Employee free of restrictions (which, for purposes of
clarity in the event of a Qualified Retirement, shall not be prior to the Compliance Expiration
Date provided that Employee has complied with the Additional Employee Obligations continuously from
the date of the termination of his employment with the Company as a result of a Qualified
Retirement until the Compliance Expiration Date), or (z) the Restricted Shares are canceled and
forfeited pursuant to this Agreement.

5. Employment Relationship. For purposes of this Agreement, Employee shall be
considered to be in the employment of the Company as long as Employee remains an employee or a
consultant of either the Company, a parent or subsidiary corporation (as defined in section 424 of
the Code) of the Company, or any successor corporation. Nothing in the adoption of the Plan, nor
the award of the Restricted Shares thereunder pursuant to this Agreement, shall confer upon
Employee the right to continued employment or engagement as a consultant by the Company or affect
in any way the right of the Company to terminate such employment or consulting relationship at any
time. Unless otherwise provided in a written employment or consulting agreement or by applicable
law, Employee’s employment or engagement as a consultant by the Company shall be on an at-will
basis, and the employment and/or consulting relationship may be terminated at any time by either
Employee or the Company for any reason whatsoever or no reason at all, with or without cause. Any
question as to whether and when there has been a termination of such employment and/or consulting
relationship, and the cause of such termination, shall be determined by the Committee, and its
determination shall be final.

6. Notices. Any notices or other communications provided for in this Agreement must be
provided in writing. In the case of Employee, such notices or communications shall be effectively
delivered if hand delivered to Employee at his principal place of employment or if sent by
registered or certified mail to Employee at the last address Employee has filed with the Company.
In the case of the Company, such notices or communications shall be effectively delivered if sent
by registered or certified mail to the Company at its principal Employee offices.

7. Entire Agreement; Amendment. This Agreement and the documents incorporated by
reference herein, including such documents referenced in Section 2(a)(i) above, replace and merge
all previous agreements and discussions relating to the same subject matters between Employee and
the Company and constitute the entire agreement between Employee and the Company with respect to
the subject matters of this Agreement; provided, however, that the vesting terms of this Agreement
shall not modify and shall be subject to the terms and conditions of any employment, consulting
and/or severance agreement between the Company and Employee that provides for accelerated vesting
of the Restricted Shares upon or after termination of employment. Without limiting the scope of the
preceding sentence, except as provided therein, all prior understandings and agreements, if any,
among the parties hereto relating to the subject matters hereof are hereby null and void and of no
further force and effect. Any modification of this Agreement shall be effective only if it is in
writing and signed by both Employee and an authorized officer of the Company.

8. Binding Effect. This Agreement shall be binding upon and inure to the benefit of
any successors to the Company and all persons lawfully claiming under Employee.

9. Forfeiture (“Clawback”) Policy. Notwithstanding any other provision of this
Agreement to the contrary, any Restricted Shares granted and/or shares issued hereunder, and/or any
amount received with respect to any sale of any such shares, shall be subject to potential
cancellation, recoupment, rescission, payback or other action in accordance with the terms of any
clawback policy (“Policy”) established by the Company to comply with any provision of
applicable law relating to cancellation, rescission, payback or recoupment of compensation, and
Employee expressly agrees that the Company may take such actions as are necessary to effectuate the
Policy, any similar policy or applicable law without further consent or action being required by
Employee. To the extent that the terms of this Agreement and the Policy or any similar policy
conflict, then the terms of such policy shall prevail.

10. Controlling Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Delaware, without regard to conflicts of laws principles thereof.

RESTRICTED STOCK AGREEMENT

Qualified Retirement Acknowledgement

IN WITNESS WHEREOF, the parties have executed this Agreement on this the        day
of—, 20      .

Print Name For Group 1 Automotive, Inc

Print Name Signature

EXHIBIT A

CONFIDENTIAL INFORMATION, NON-COMPETITION AND NON-SOLICITATION

1. Defined Terms; Employment Relationship. Capitalized terms used in this Exhibit A
that are not defined in this Exhibit A shall have the meanings assigned to such terms in the
Restricted Stock Agreement to which this Exhibit A is attached (the “Restricted Stock
Agreement”). For purposes of this Exhibit A, Employee shall be considered to be in the
employment of the Company as provided in Section 5 of the Restricted Stock Agreement.

As used herein, the following terms shall have the following meanings:

	 	(a)	 	“Business” means the business of auto retailing
(whether public or private), automobile dealership consolidation and any other
business that is the same as, or competitive with, the business in which
Employee was engaged during Employee’s employment by the Company and its
Affiliates. Notwithstanding the foregoing, the “Business” shall not include
automotive manufacturing or any business in which the Company and its
Affiliates have permanently refrained from engaging.

	 	(b)	 	“Restricted Area” means the geographic area within a
50-mile radius of any automotive dealership in which the Company or an
Affiliate has an ownership interest as of the date of the termination of
Employee’s employment by the Company, which such area includes, without
limitation, the Louisiana parishes listed on Annex 1; provided, however, that
the Restricted Area shall not include any area within the State of California.

2. Protection of Confidential Information. Except as required by law, Employee
promises that Employee will not, at any time during or after Employee’s employment by the Company,
make any unauthorized disclosure of any confidential information or trade secrets of the Company or
its Affiliates, or make any use thereof, except in the carrying out of Employee’s responsibilities
on behalf of the Company and its Affiliates. Employee also agrees to preserve and protect the
confidentiality of confidential information and trade secrets belonging to third parties, such as
customers, suppliers, partners, joint venturers of the Company and its Affiliates to the same
extent, and on the same basis, as the Company’s and its Affiliates’ confidential information and
trade secrets.

3. Non-Competition; Non-Solicitation. As an express incentive for the Company to enter
into the Restricted Stock Agreement, and in order to protect the Company’s and its Affiliates’
confidential information, goodwill and legitimate business interests, Employee expressly
acknowledges and agrees that, until the Compliance Expiration Date, Employee will not, directly or
indirectly, on Employee’s own behalf or on behalf of others:

	 	(a)	 	within the Restricted Area, engage or carry on in the Business
(other than on behalf of the Company or its Affiliates); for purposes of this
Section 3(a), employee acknowledges that the following constitute non-exclusive
examples of engaging or carrying on in the Business, in violation of this
agreement: rendering advice or services to, or otherwise assisting, any other
person, association or entity that is engaged in, or planning to engage in, the
Business in such a manner that Employee performs duties or services that are
the same or similar to those duties or services that Employee performed on
behalf of the Company and its Affiliates;

	 	(b)	 	within the Restricted Area, solicit or attempt to solicit the
business of any customer or client of the Company or its Affiliates with whom
or which Employee has had any material business dealings during Employee’s
employment by the Company and its Affiliates for the furtherance of, or on
behalf of, a competitive business or a competitive activity; and

	 	(c)	 	encourage or induce any current or former employee of the
Company or any of its Affiliates to leave the employment of the Company or any
of its Affiliates or offer employment, retain, hire or assist in the hiring of
any such employee by any person, association, or entity not affiliated with the
Company or any of its Affiliates; provided, however, that nothing in this
subsection (c) shall prohibit Employee from offering employment to any prior
employee of the Company or any of its Affiliates who was not employed by the
Company or any of its Affiliates at any time in the twelve (12) months prior to
the termination of Employee’s employment by the Company.

Notwithstanding the foregoing, the provisions of Sections 3(a) and 3(b) above will not apply in
that portion of the Restricted Area, if any, located within the State of Oklahoma. Instead,
Employee agrees that, within that portion of the Restricted Area that is located within the State
of Oklahoma, in addition to the restrictions set forth in Section 3(c) above, Employee shall not
directly or indirectly solicit the sale of goods, services or a combination of goods and services
from the established customers of the Company and its Affiliates. In addition, the provisions of
Sections 3(a) and 3(b) above shall not apply following Employee’s termination of employment with
the Company if such termination does not constitute a Qualified Retirement.

4. Employee’s Acknowledgements. Employee acknowledges and agrees that, during the
course of Employee’s employment with the Company, Employee has been provided with the Company’s and
its Affiliates’ confidential information and become associated with the Company’s and its
Affiliates’ goodwill. Employee further acknowledges and agrees that, as a consequence of Employee’s
continued employment and entry into the Restricted Stock Agreement, Employee will receive benefits
to which Employee was not otherwise entitled and will be provided with, and have access to,
additional confidential information of the Company and its Affiliates and become further associated
with, and will further build, customer relationships and the Company’s and its Affiliates’
goodwill. Employee acknowledges and agrees that: the provisions of this Exhibit A are no greater
than necessary to protect the Company’s and its Affiliates’ legitimate business interests,
including the protection of their confidential information, customer relationships and goodwill;
the provisions of this Exhibit A create no undue hardship on Employee; and Employee is receiving
sufficient consideration in exchange for Employee’s entry into this agreement. Employee further
acknowledges and agrees that the restrictions set forth in this Exhibit A are reasonable and that
Employee has had, or will have, responsibilities with regard to, and has received or will receive,
confidential information about, the Business operated by the Company and its Affiliates throughout
the Restricted Area.

5. Reformation. Notwithstanding the Employee’s acknowledgements in Section 4 above, if
any of the restrictions hereunder are found by a court of competent jurisdiction to be
unreasonable, or overly broad as to geographic area or time, or otherwise unenforceable, Employee
and the Company intend for the restrictions herein set forth to be modified by the court making
such determination so as to be reasonable and enforceable and, as so modified, to be fully
enforced. By agreeing to this contractual modification prospectively at this time, Employee and the
Company intend to make this provision enforceable under the law or laws of all applicable States
and other jurisdictions so that the entire agreement not to compete and this Exhibit A as
prospectively modified shall remain in full force and effect and shall not be rendered void or
illegal.

Annex 1

Louisiana Parishes

[Select which of the following parishes are within, or reasonably expected to be within, the
50-mile radius described above]

[Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Bossier, Caddo,
Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge,
East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson,
Jefferson, Jefferson David, La Salle, Lafayette, Lafourche, Lincoln, Livingston, Madison,
Morehouse, Natchitoches, Orleans, Ouachita, Plaquemines, Pointe Coupee, Rapides, Red River,
Richland, Sabine, St. Bernard, St. Charles, St. Helena, St. James, St. John the Baptist, St.
Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Tensas, Terrebonne, Union,
Vermillion, Vernon, Washington, Webster, West Baton Rouge, West Carroll, West Feliciana,
Winn.]

GROUP 1 AUTOMOTIVE, INC.

2014 LONG TERM INCENTIVE PLAN

APPENDIX TO RESTRICTED STOCK AGREEMENT

ADDITIONAL TERMS AND CONDITIONS

FOR INTERNATIONAL EMPLOYEES

TERMS AND CONDITIONS

This Appendix, which is part of the Agreement, contains additional terms and conditions that govern
the Restricted Stock granted to the Employee under the Plan if he or she resides outside the United
States. The terms and conditions in Part A apply to all Employees outside the United States. The
country-specific terms and conditions and/or notifications in Part B will also apply to the
Employee if he or she resides in one of the countries listed below. Unless otherwise defined,
capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan
and/or the Agreement.

NOTIFICATIONS

This Appendix also includes information regarding exchange controls and certain other issues of
which the Employee should be aware with respect to participation in the Plan. The information is
based on the exchange control, securities and other laws in effect in the respective countries as
of June 2014. Such laws are often complex and change frequently. As a result, the Company strongly
recommends that the Employee not rely on the information in this Appendix as the only source of
information relating to the consequences of his or her participation in the Plan because the
information may be out of date at the time that the Employee vests in the Restricted Shares or sell
shares of common stock acquired under the Plan.

In addition, the information contained herein is general in nature and may not apply to the
Employee’s particular situation, and the Company is not in a position to assure the Employee of a
particular result. Accordingly, the Employee is advised to seek appropriate professional advice as
to how the relevant laws in his or her country may apply to the Employee’s situation.

Finally, if the Employee is a citizen or resident, or is considered a resident, of a country other
than the one in which he or she is currently working, or transferred employment after the
Restricted Shares were granted to him or her, the information contained herein may not be
applicable. In addition, the Company shall, in its sole discretion, determine to what extent the
additional terms and conditions included herein will apply to you under these circumstances.

A. ALL NON-U.S. COUNTRIES ADDITIONAL TERMS AND CONDITIONS

The following additional terms and conditions will apply to the Employee if he or she resides in
any country outside the United States.

Responsibility for Taxes. The following section replaces Section 3 of the Agreement in its
entirety:

The Employee acknowledges that, regardless of any action taken by the Company or, if different, the
Employee’s employer (the “Employer”), the ultimate liability for all income tax, social
insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related
to the Employee’s participation in the Plan and legally applicable to the Employee
(“Tax-Related Items”) is and remains the Employee’s responsibility and may exceed the
amount actually withheld by the Company or the Employer. The Employee further acknowledges that the
Company and/or the Employer (1) make no representations or undertakings regarding the treatment of
any Tax-Related Items in connection with any aspect of the Restricted Shares, including, but not
limited to, the grant or vesting of the Restricted Shares, the subsequent sale of shares of common
stock acquired pursuant to such settlement and the receipt of any dividends; and (2) do not commit
to and are under no obligation to structure the terms of the grant or any aspect of the Restricted
Shares to reduce or eliminate the Employee’s liability for Tax-Related Items or achieve any
particular tax result. Further, if the Employee is subject to Tax-Related Items in more than one
jurisdiction between the date of grant and the date of any relevant taxable or tax withholding
event, as applicable, the Employee acknowledges that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related Items in more than
one jurisdiction.

Prior to any relevant taxable or tax withholding event, as applicable, the Employee agrees to make
adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related
Items. In this regard, the Employee authorizes the Company and/or the Employer to satisfy the
obligations with regard to all Tax-Related Items by one or a combination of the following methods:
(i) requiring payment by the Employee to the Company, on demand, by cash, check or other method of
payment as may be determined acceptable by the Company; (ii) withholding from the Employee’s wages
or other cash compensation paid to the Employee by the Company and/or the Employer;
(iii) withholding from proceeds of the sale of shares of common stock at vesting of the Restricted
Shares either through a voluntary sale or through a mandatory sale arranged by the Company (on the
Employee’s behalf pursuant to this authorization) without further consent; or (ii) withholding
shares of common stock at vesting of the Restricted Shares.

Depending on the withholding method, the Company and/or the Employer may withhold or account for
Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable
withholding rates, including maximum applicable rates, in which case the Employee will receive a
refund of any over-withheld amount in cash and will have no entitlement to the common stock
equivalent. If the obligation for Tax-Related Items is satisfied by withholding in shares of common
stock, for tax purposes, the Employee is deemed to have been issued the full number of shares of
common stock subject to the vested Restricted Shares, notwithstanding that a number of the shares
of common stock are held back solely for the purpose of paying the Tax-Related Items.

Finally, the Employee agrees to pay the Company or the Employer any amount of Tax-Related Items
that the Company or the Employer may be required to withhold or account for as a result of the
Employee’s participation in the Plan that cannot be satisfied by the means previously described.
The Company may refuse to issue or deliver the shares or the proceeds of the sale of shares of
common stock, if the Employee fails to comply with the Employee’s obligations in connection with
the Tax-Related Items.

Nature of Grant. The following section is added to Section 5 of the Agreement:

In accepting the grant, the Employee acknowledges, understands and agrees that: (1) the Plan is
established voluntarily by the Company, it is discretionary in nature and it may be modified,
amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;
(2) all decisions with respect to future Restricted Share or other grants, if any, will be at the
sole discretion of the Company; (3) the Employee is voluntarily participating in the Plan; (4) the
Restricted Shares are not intended to replace any pension rights or compensation; (5) the future
value of the underlying shares of common stock is unknown, indeterminable and cannot be predicted
with certainty; (6) no claim or entitlement to compensation or damages shall arise from forfeiture
of the Restricted Shares resulting from the termination of the Employee’s employment or other
service relationship (for any reason whatsoever, whether or not later found to be invalid or in
breach of employment laws in the jurisdiction where the Employee is employed or the terms of the
Employee’s employment agreement, if any), and in consideration of the grant of the Restricted
Shares to which the Employee is otherwise not entitled, the Employee irrevocably agrees never to
institute any claim against the Company, any of its Subsidiaries or the Employer, waives the
Employee’s ability, if any, to bring any such claim, and releases the Company, its Subsidiaries and
the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a
court of competent jurisdiction, then, by participating in the Plan, the Employee shall be deemed
irrevocably to have agreed not to pursue such claim and agree to execute any and all documents
necessary to request dismissal or withdrawal of such claim; (7) for purposes of the Restricted
Shares, the Employee’s employment or service relationship will be considered terminated as of the
date the Employee is no longer actively providing services to the Company or one of its
Subsidiaries (regardless of the reason for such termination and whether or not later found to be
invalid or in breach of employment laws in the jurisdiction where the Employee is employed or
providing services or the terms of the Employee’s employment or service agreement, if any) and
unless otherwise expressly provided in these Terms and Conditions or determined by the Company, the
Employee’s right to vest in the Restricted Shares under the Plan, if any, will terminate as of such
date and will not be extended by any notice period (e.g., the Employee’s period of service would
not include any contractual notice period or any period of “garden leave” or similar period
mandated under employment laws in the jurisdiction where the Employee is employed or providing
services or the terms of the Employee’s employment or service agreement, if any); the Company shall
have the exclusive discretion to determine when the Employee is no longer actively providing
services for purposes of the Employee’s Restricted Share grant (including whether the Employee may
still be considered to be providing services while on an approved leave of absence); (8) unless
otherwise provided in the Plan or by the Company in its discretion, the Restricted Shares and the
benefits evidenced by these Terms and Conditions do not create any entitlement to have the
Restricted Shares or any such benefits transferred to, or assumed by, another company nor to be
exchanged, cashed out or substituted for, in connection with any corporate transaction affecting
the shares of the Company; (9) the Restricted Shares and the shares of common stock subject to the
Restricted Shares, and the income and value of same, are not part of normal or expected
compensation for any purpose, including, without limitation, calculating severance, resignation,
termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension
or retirement or welfare benefits or similar payments; and (10) the Employee acknowledges and
agrees that neither the Company, the Employer nor any subsidiary or affiliate of the Company shall
be liable for any foreign exchange rate fluctuation between the Employee’s local currency and the
United States Dollar that may affect the value of the Restricted Shares or of any amounts due to
the Employee pursuant to the settlement of the Restricted Shares or the subsequent sale of any
shares of common stock acquired upon settlement.

No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice,
nor is the Company making any recommendations regarding the Employee’s participation in the Plan,
or the Employee’s acquisition or sale of the underlying shares of common stock. The Employee is
hereby advised to consult with the Employee’s own personal tax, legal and financial advisors
regarding the Employee’s participation in the Plan before taking any action related to the Plan.

Data Privacy. The Employee hereby explicitly and unambiguously consents to the collection,
use and transfer, in electronic or other form, of the Employee’s personal data as described in the
Agreement and any other Restricted Share grant materials (“Data”) by and among, as
applicable, the Employer, the Company and its subsidiaries and affiliates for the exclusive purpose
of implementing, administering and managing the Employee’s participation in the Plan.

The Employee understands that the Company and the Employer may hold certain personal information
about the Employee, including, but not limited to, the Employee’s name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality,
job title, any shares of stock or directorships held in the Company, details of all Restricted
Shares or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested
or outstanding in the Employee’s favor, for the exclusive purpose of implementing, administering
and managing the Plan.

The Employee understands that Data will be transferred to a stock plan service provider as may be
selected by the Company in the future, which is assisting the Company with the implementation,
administration and management of the Plan. The Employee understands that the recipients of the Data
may be located in the United States or elsewhere (including outside the EEA), and that the
recipients’ country (e.g., the United States) may have different data privacy laws and protections
than the Employee’s country. The Employee understands that the Employee may request a list with the
names and addresses of any potential recipients of the Data by contacting the Employee’s local
human resources representative. The Employee authorizes the Company and any other possible
recipients which may assist the Company (presently or in the future) with implementing,
administering and managing the Plan to receive, possess, use, retain and transfer the Data, in
electronic or other form, for the sole purpose of implementing, administering and managing the
Employee’s participation in the Plan. The Employee understands that Data will be held only as long
as is necessary to implement, administer and manage the Employee’s participation in the Plan. The
Employee understands that the Employee may, at any time, view Data, request additional information
about the storage and processing of Data, require any necessary amendments to Data or refuse or
withdraw the consents herein, in any case without cost, by contacting in writing the Employee’s
local human resources representative. Further, the Employee understands that the Employee is
providing the consents herein on a purely voluntary basis. If the Employee does not consent, or if
the Employee later seeks to revoke the Employee’s consent, the Employee’s employment status or
service and career with the Employer will not be adversely affected; the only adverse consequence
of refusing or withdrawing the Employee’s consent is that the Company would not be able to grant
the Employee Restricted Shares or other equity awards or administer or maintain such awards.
Therefore, the Employee understands that refusing or withdrawing the Employee’s consent may affect
the Employee’s ability to participate in the Plan. For more information on the consequences of the
Employee’s refusal to consent or withdrawal of consent, the Employee understands that the Employee
may contact the Employee’s local human resources representative.

Language. If the Employee has received the Agreement or any other document related to the
Plan translated into a language other than English and if the meaning of the translated version is
different than the English version, the English version will control.

B. COUNTRY-SPECIFIC ADDITIONAL TERMS AND CONDITIONS AND NOTIFICATIONS

BRAZIL

TERMS AND CONDITIONS

Compliance with Law. By accepting the Restricted Shares, the Employee acknowledges that he or she
agrees to comply with applicable Brazilian laws and pay any and all applicable taxes associated
with the vesting of the Restricted Shares, the receipt of any dividends, and the sale of shares of
common stock acquired under the Plan.

NOTIFICATIONS

Exchange Control Information. If the Employee is resident or domiciled in Brazil, he or she will be
required to submit annually a declaration of assets and rights held outside of Brazil to the
Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than
US$100,000. Assets and rights that must be reported include shares of common stock.

UNITED KINGDOM

TERMS AND CONDITIONS

U.K. Sub-Plan. The terms of the U.K. Sub-plan apply to the grant of Restricted Shares.EX-10.2

Exhibit 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment (this “Amendment”) is entered into between Group 1 Automotive, Inc., a Delaware
corporation (the “Company”), and Earl J. Hesterberg (“Employee”), effective as of May 17, 2018 (the
“Amendment Effective Date”).

RECITALS

WHEREAS, the Company and Employee previously entered into an employment agreement dated May
19, 2015 (the “Employment Agreement”); and

WHEREAS, the Company and Employee desire to amend the Employment Agreement in certain
respects.

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein, the sufficiency of which is hereby acknowledged, the parties agree that the
Employment Agreement is hereby amended as follows, effective as of the Amendment Effective Date:

AGREEMENTS

1. Section 2.3 of the Employment Agreement is amended to read in its entirety as
follows:

2.3 Long-Term Incentive Compensation.

(i) Equity Awards. Employee shall be eligible to receive grants under Employer’s 2014 Long
Term Incentive Plan, or any successor plans, in such amounts as determined in the sole
discretion of the Compensation Committee including grants of options, Restricted Stock, or
Restricted Stock Units. Such awards may vest over time conditioned on the continued
performance of substantial services (including the agreement to refrain from performing
substantial services) or upon the achievement of performance criteria or other conditions,
in each case as determined in the sole discretion of the Compensation Committee.

(ii) Condition of Grants. The rights and liabilities of Employer and Employee regarding
entitlement to, and vesting of, any long-term incentive compensation granted pursuant to
this Agreement shall be conditioned and dependent on the Employee’s consent and agreement to
the promises set forth in the Non-Compete Agreement and Section 5 of this Agreement. In the
event that any provision set forth in the Non-Compete Agreement is violated, Employer shall
have the right, among other remedies, to demand forfeiture of any cash and equity grants
awarded or vested during the twelve (12) months prior to such violation or declaration.

2. Section 3.1 of the Employment Agreement is amended to read in its entirety as
follows:

“3.1. Term. The term of this Agreement shall commence on the Effective Date and continue
through May 19, 2019, unless earlier terminated as provided for herein. Following May 19,
2019, the Agreement will continue until terminated by either Employer or Employee upon
delivery of written notice of termination no later than six months prior to the date of
termination set forth in such notice (which date will constitute the end of the “Term” for
purposes of his Agreement).”

3. Miscellaneous.

All references in the Employment Agreement to the “Agreement” shall be deemed to refer to the
Employment Agreement, as amended by this Amendment.

Except as expressly amended hereby, the Employment Agreement is unchanged and remains in full
force and effect.

This Amendment is made a part of, and is incorporated into, the Employment Agreement and is
subject to all provisions therein (as amended hereby), including the amendments, waivers,
construction, notices, governing law and entire agreement provisions thereof. This Amendment shall
be governed by and construed in accordance with the laws of the State of Texas without reference to
principles of conflict of laws.

[Remainder of Page Intentionally Blank; Signature Page Follows]

1

IN WITNESS WHEREOF, Employee has hereunto set Employee’s hand and the Company has caused this
Amendment to be executed in its name on its behalf, effective as of the dates provided for herein.

GROUP 1 AUTOMOTIVE, INC.

	 	 	 
	By:

	 	/s/ Frank Grese—
	
 
	 	 
	Name:

Title:

	 	Frank Grese

Senior Vice President – Human Resources
	EMPLOYEE

	 	

	By:

	 	/s/ Earl J. Hesterberg—
	
 
	 	 

	 	 	Name: Earl J. Hesterberg

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00283-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00283-of-00352.parquet"}]]