Amendment to Visteon Corporation Restricted Stock Plan for Non-Employee Directors
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Summary
This amendment, approved by Visteon Corporation's Board of Directors, updates the Restricted Stock Plan for Non-Employee Directors. It changes when elections and revised elections by participants become effective, specifying that such elections will apply to stock grants made after the December 31st following the date the election is received and accepted by the Administrative Committee, or as soon as practicable thereafter. The changes apply to grants from January 1, 2005, onward.
EX-10.15.1 4 k02515exv10w15w1.txt AMENDMENT TO THE VISTEON CORPORATION RESTRICTED STOCK PLAN FOR NON-EMPLOYEE DIRECTORS EXHIBIT 10.15.1 AMENDMENTS TO VISTEON CORPORATION RESTRICTED STOCK PLAN FOR NON-EMPLOYEE DIRECTORS (THE "RESTRICTED STOCK PLAN") As approved by the Board of Directors on December 14, 2005, the first sentence of Section 5(b) of the Restricted Stock Plan shall be amended to read as follows: Effective from and after January 1, 2005, a validly executed election shall become effective with respect to grants made on Annual Meeting Dates that occur after the December 31st following the date on which the Participant's election is received and accepted by the Administrative Committee, or as soon thereafter as practicable. As approved by the Board of Directors on December 14, 2005, the second sentence of Section 5(c) of the Restricted Stock Plan shall be amended to read as follows: Effective from and after January 1, 2005, a validly executed revised election shall become effective with respect to grants made on Annual Meeting Dates that occur after the December 31st following the date on which the Participant's election is received and accepted by the Administrative Committee, or as soon thereafter as practicable.
