SEC Contract Filing

Filing Date: 2019-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.74
<SEQUENCE>8
<FILENAME>tv514427_ex10-74.htm
<DESCRIPTION>EXHIBIT 10.74
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.74</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD STYLE="width: 46%; text-align: justify"><IMG SRC="tv514427_ex10-74img1.jpg" ALT="">&nbsp;</TD>
 <TD STYLE="width: 54%; text-align: right; vertical-align: bottom">17672 N. Laurel Park Drive</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-align: right">&nbsp;</TD>
 <TD STYLE="text-align: right; vertical-align: bottom">Suite 400 E</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-align: right">&nbsp;</TD>
 <TD STYLE="text-align: right; vertical-align: bottom">Livonia, MI&nbsp;&nbsp;48152</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February 27, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Nanette Dudek</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">17672 Laurel Park Drive N.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Livonia, MI 48152</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Re: Amendment to Employment Agreement With Respect to Vesting
of LTI Awards</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Nanette,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reference is made to the Employment Agreement,
dated as of February 1, 2017, between you and Tower Automotive Operations USA I, LLC (the &ldquo;Employment Agreement&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This is to confirm that, effective the
date hereof, Section 4.6 of the Employment Agreement is hereby amended in its entirety, to read as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify; text-indent: 0.5in">&ldquo;4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accelerated
Vesting of Equity and LTI Awards</U>. Notwithstanding anything in the 2010 Plan or any award agreement issued thereunder to the
contrary, all then outstanding awards granted to the Employee pursuant to the 2010 Plan, including equity-based awards, performance
awards (payable in cash and/or stock) and awards granted prior to the Effective Date (the &ldquo;2010 Plan Awards&rdquo;), shall
immediately become fully vested upon the consummation of a Change in Control (as defined below) (assuming, in the case of each
performance award, target level performance for the entire performance period (without proration of the amount payable thereto).
For purposes of this Agreement, &ldquo;Change in Control&rdquo; shall be defined as set forth in Section 2.6 of the 2010 Plan on
the Effective Date of this Agreement.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as provided by this letter, the
provisions of the Employment Agreement shall remain in full force and effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please acknowledge your agreement with
the foregoing by countersigning this letter below and returning it to me.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD STYLE="width: 40%">Regards,</TD>
 <TD STYLE="width: 60%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="border-bottom: Black 1pt solid">/s/ James C. Gouin</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>James C. Gouin</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>Chief Executive Officer</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>Acknowledged and agreed:</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="border-bottom: Black 1pt solid">/s/ Nanette Dudek</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>Nanette Dudek</TD>
 <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: February 27, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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