Amendment to the Visteon Corporation Deferred Compensation Plan

Summary

Visteon Corporation has amended its Deferred Compensation Plan to suspend all employee deferrals after December 31, 2005. This means that, starting January 1, 2006, employees will not be able to defer compensation under the plan until the company decides to allow future deferrals again. The amendment was executed by the Senior Vice President-Corporate Relations and is effective as of June 27, 2005.

EX-10.1 2 k96328exv10w1.txt AMENDMENT TO DEFERRED COMPENSATION PLAN Exhibit 10.1 AMENDMENT TO THE VISTEON CORPORATION DEFERRED COMPENSATION PLAN WHEREAS, Visteon Corporation (the "Employer") previously established the Visteon Corporation Deferred Compensation Plan (the "Plan") for the benefit of certain of its employees; and WHEREAS, the Employer deems it appropriate to amend the Plan to suspend all participant deferrals after December 31, 2005; and WHEREAS, Section 7.06 of the Plan provides that the Senior Vice President-Human Resources (now Senior Vice President-Corporate Relations) may amend or terminate the Plan at any time for any reason; NOW, THEREFORE, the Plan is hereby amended, effective June 27, 2005, to suspend participant deferrals under Article III of the Plan after December 31, 2005 until such time as the Employer deems it appropriate to reinstate future deferrals. IN WITNESS WHEREOF, this Amendment has been executed this 27th day of June, 2005. VISTEON CORPORATION /s/ Robert H. Marcin ------------------------------------------ Robert H. Marcin Senior Vice President-Corporate Relations