ARVINMERITOR, INC. RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • November 18th, 2005 • Arvinmeritor Inc • Motor vehicle parts & accessories • Indiana
In accordance with Sections 8 and 12 of the 2004 Directors Stock Plan of ArvinMeritor, Inc. (the “Company”), and your election pursuant thereto, [__] shares of Common Stock of the Company have been granted to you today as restricted shares of the Company’s common stock, in lieu of the retainer fee payable to you on January 1, 200[_], in respect of your service on the Board of Directors (the “Board”) of the Company and your fees for attending meetings of Board committees during the quarter ended December 31, 200[_]. These shares were valued at the closing price on the New York Stock Exchange — Composite Transactions (“Closing Price”) on December 31, 200[_]. Additional shares will be granted to you as restricted shares of common stock, in lieu of the retainer fees payable to you on April 1, 200[_], July 1, 200[_] and October 1, 200[_], valued at the Closing Price on the date when each such payment of a retainer fee would otherwise be made in cash (such shares together with the shares gra
