Amendment to Visteon Corporation Non-Employee Directors Restricted Stock Unit Plan (May 10, 2006)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment to the Visteon Corporation Non-Employee Directors Restricted Stock Unit Plan suspends grants under Section 4 of the plan effective as of the date of the 2006 Annual Meeting of Stockholders. The suspension will remain in place unless the plan is further amended according to its terms. The amendment affects non-employee directors who would otherwise be eligible for stock unit grants under the plan.

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EX-10.3 2 k05384exv10w3.htm AMENDMENT TO THE VISTEON CORPORATION RESTRICTED STOCK PLAN FOR NON-EMPLOYEE DIRECTORS exv10w3  

Exhibit 10.3
Amendment to
Visteon Corporation Non-Employee Directors Restricted Stock Unit Plan
May 10, 2006
     Section 4 of the Visteon Corporation Non-Employee Director Stock Unit Plan (“Stock Unit Plan”) Stock Plan is amended to add the following paragraph to the end thereof:
      “Grants under this section 4 shall be suspended effective as of the date of the 2006 Annual Meeting of the Company’s Stockholders and thereafter unless the Stock Plan is otherwise amended in accordance with section 11.”