Amendment to Visteon Corporation Non-Employee Director Stock Unit Plan (June 10, 2009)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment to the Visteon Corporation Non-Employee Director Stock Unit Plan suspends grants under Section 4(a) of the plan, effective as of the date of the 2009 Annual Meeting of the Company's stockholders. The suspension will remain in effect unless the plan is further amended according to its procedures. The amendment affects non-employee directors who would otherwise receive stock unit grants under this section.

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EX-10.5 3 k48164exv10w5.htm EX-10.5 exv10w5
Exhibit 10.5
Amendment to
Visteon Corporation Non-Employee Director Stock Unit Plan
June 10, 2009
     Section 4(a) of the Visteon Corporation Non-Employee Director Stock Unit Plan is amended to add the following paragraph to the end thereof:
“Grants under this section 4(a) shall be suspended effective as of the date of the 2009 Annual Meeting of the Company’s Stockholders and thereafter unless the Plan is otherwise amended in accordance with section 11.”