Description of Matching Gift and Vehicle Evaluation Program for Non-Employee Directors (Ford Motor Company)
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Summary
This document describes Ford Motor Company's programs for non-employee directors. Until November 1, 2005, directors could donate up to $25,000 annually to eligible charities, with the Ford Fund matching each dollar with two dollars. This matching gift program ended on that date. Additionally, directors receive the use of company vehicles, valued at about $28,000 per director in 2005, in exchange for providing feedback on the vehicles to the company.
EX-10.I 3 ex10_i.htm EXHIBIT 10-I DESCRIPTION OF MATCHING GIFT PROGRAM FOR NON-EMPLOYEE DIRECTORS.** Exhibit 10-I Description of Matching Gift Program for Non-Employee Directors.**
Exhibit 10-I
Description of Matching Gift Program and
Vehicle Evaluation Program for Non-Employee Directors
Effective November 1, 2005, the matching gift program was discontinued. Under that program, non-employee directors could give up to $25,000 per year to certain tax-exempt organizations under the Ford Fund Matching Gift Program. For each dollar given, the Ford Motor Company Fund contributed two dollars. The Company also provides directors with the use of company vehicles at an estimated average value for 2005 of approximately $28,000 per director. The directors are expected to provide evaluations of the vehicles to the Company.
