Restricted Stock Unit Agreement under 1998 Long-Term Incentive Plan Current as of [January 2008]
Exhibit
10-P-19
Restricted
Stock Unit Agreement under 1998 Long-Term Incentive Plan
Current
as of [January 2008]
This
AGREEMENT made as of this [__ day of March 200__], by and between Ford Motor
Company, a Delaware corporation (the "Company"), and [Name of Grantee] (the
"Grantee"), WITNESSETH:
WHEREAS,
the Grantee is now employed by the Company, or one of its subsidiaries, in a
responsible capacity and the Company desires to provide an incentive to the
Grantee to encourage the Grantee to remain in the employ of the Company or of
one or more of its subsidiaries and to increase the Grantee's interest in the
Company's long-term success; and as an inducement thereto, the Company has
adopted the 1998 Long-Term Incentive Plan (the "Plan"), to be administered by
the Compensation Committee (the "Committee"), and has determined to grant to the
Grantee the restricted stock units herein provided for,
NOW,
THEREFORE, IT IS AGREED BETWEEN THE PARTIES as follows:
Subject
to the terms and conditions set forth herein, in the Plan, in the "1998 Terms
and Conditions of Restricted Stock Unit Agreement" (the "1998 RSU Terms and
Conditions") and in any rules and regulations established by the Committee
pursuant to the Plan (all of which are incorporated by
reference into this Agreement as though set forth in full herein), the Company
hereby grants to the Grantee
[ ] restricted
stock units (the "RSU").
The
Grantee agrees to remain in the employ of the Company or of one or more of its
subsidiaries for a period ending on the later of (a) the date six months from
the date of this Agreement or (b) six months from the latest date to which the
Grantee is obligated to remain in such employ under any restricted stock unit
granted to the Grantee under the Plan or any Restricted Stock Unit Plan of the
Company or under any amendment to any such restricted stock unit; provided,
however, that, nothing contained herein or in the 0000 XXX Terms and Conditions
shall restrict the right of the Company or any of its subsidiaries to terminate
the employment of the Grantee at any time, with or without cause. The
term "Company" as used in this Agreement and the 0000 XXX Terms and Conditions
with reference to employment shall include subsidiaries of the
Company. The term "subsidiary" as used in this paragraph shall mean
(i) any corporation a majority of the voting stock of which is owned directly or
indirectly by the Company or (ii) any limited liability company a majority
of the membership interest of which is owned directly or indirectly by the
Company.
The grant
of the RSU is completely discretionary and does not create any rights to receive
future restricted stock unit grants. The Company may amend, modify or
terminate the Plan at any time, subject to limitations set forth in the
Plan.
IN
WITNESS THEREOF, the parties hereto have executed this Agreement as of the day
and year first above written.
AUTHENTICATED
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FORD
MOTOR COMPANY
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Grantee
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Grantee
ID:
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